The creditors who fear getting screwed in the Tribune Company's bankruptcy want a Delaware court's OK to sue Zell if it comes to that. "The committee, which once supported Tribune’s plan to settle any allegations against Zell, told U.S. Bankruptcy Judge Kevin Carey that it doesn’t plan to pursue the proposed lawsuit while the company is trying to negotiate an end to its bankruptcy. It said it wants to protect its right to file the case should mediation among Tribune’s warring creditors fail," says Bloomberg.
Tribune creditors ask permission to sue Sam Zell
More by Kevin Roderick:Standing up to Harvey Weinstein
LA Times gets a top editor with nothing but questions
LA Observed Notes: Harvey Weinstein stripped bare
LA Observed Notes: Photos of the homeless, photos that found homes
Recent Sam Zell stories on LA Observed:Sad but true: Sam Zell writing a book called 'Gravedancer'
New CEO named at Tribune, old publisher at Times
Tribune exits bankruptcy after four years, ending Sam Zell era *
Judge says he will OK Tribune's plan for ending bankruptcy
Finally, some good Sam Zell news
Zell throws a hundred grand Karl Rove's way
Times employees' suit over Zell deal officially wrapped
Tribune has paid $231 million in bankruptcy fees so far