Safe Harbor Shields Shareholders in Tribune Fraudulent Transfer Litigation

On April 23, 2019, U.S. District Court for the Southern District of New York denied the litigation trustee’s motion for leave to file a sixth amended complaint that would have asserted constructive fraudulent transfer claims against 5,000 Tribune Company shareholders. In this article, of counsel Michael Cook discusses the court’s ruling in Tribune Co. Fraudulent Conveyance Litigation.