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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.
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Sam Zell called for a deposition in the Tribune bankruptcy case
Thursday, June 17, 2010 � by scott
Sam Zell is scheduled to be deposed Monday, June 28, in New York City.
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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.”
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UPDATED: A win for LA Times’ employees in suit againt Sam Zell
Thursday, December 17, 2009 � by jg
A federal judge in Chicago rules today that LA Times’ journalists’ suit can continue against Tribune Company chairman Sam Zell and a bank that helped structure the ill-fated $8.3 billion deal. The judge rejected Zell’s request that the suit be thrown out