Posts Tagged ‘Bankruptcy’

  • Federal judge slaps bid by Sam Zell’s favorite GreatBanc to limit damages in Tribune ESOP debacle Wednesday, March 2, 2011 � by eric

    Greatbanc Trust Co. asked the court to limit its damages to $15 million after Judge Rebecca Pallmeyer of U.S. District Court ruled last year that the trustee violated the Employee Retirement Income Security Act when it let the ESOP buy $250 million in shares as part of Tribune’s 2007 leveraged buyout by Chicago real estate mogul Sam Zell.

  • Zell deal for Tribune bears evidence of fraud, report says Tuesday, July 27, 2010 � by scott

    A bankruptcy court investigator faults former Tribune execs for the sour deal that left the company too shaky to survive.

  • Zell deposition delayed until after the holiday Tuesday, June 29, 2010 � by scott

    Sam Zell, whose success in Chicago real estate is inversely related to his reign over the Tribune media company (owner of the Los Angeles Times), won a reprieve in the scheduling of his deposition stemming from Tribune’s bankruptcy case.

  • The nasty battle behind the Tribune Company bankruptcy Friday, April 9, 2010 � by jg

    The Am Law Daily: Zach Lowe writes, “The unusually bitter battle that’s playing out between the law firms involved in the case escalated this week to a level of nastiness we’ve seldom seen.”

  • Well, at least Freddie didn’t lose $25 billion Monday, November 9, 2009 � by eric

    Freddie Mac, the once powerful mortgage-finance company, posted a net loss of $6.3 billion in the third quarter of 2009. That may seem ugly. But Freddie Mac lost $25.3 billion the year before.