Tribune Lenders Expected to File Lawsuit Against Sam Zell by Midnight


Real estate mogul/failed media magnate Sam Zell has said he’s wishing good luck and bidding good-bye to the Tribune Company and whoever is chosen to head the business once its complex bankruptcy and reorganization process is done, but he may not be let off quite so easily. The New York Post reports that lenders will file a lawsuit by midnight against Zell alleging that his leveraged buyout made the company go broke. [NYP]