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.
More by Kevin Roderick:
Ralph Lawler of the Clippers and the age of AquariusRiding the Expo Line to USC 'just magical'
Last bastion of free parking? Loyola Marymount to charge students
Matt Kemp, Dodgers and Kings start big weekend the right way
LA Times writers revisit their '92 riots observations
Recent Sam Zell stories on LA Observed:
Finally, some good Sam Zell newsZell 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
O'Shea, Zell and the 'dismantling' of the Times
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