The U.S. trustee's office has ordered an investigation into claims that the deal Sam Zell crafted to purchase Tribune Co. amounts to a "fraudulent conveyance" because it put the company on an inevitable path to Chapter 11 bankruptcy.
Tribune owns the Los Angeles Times and Chicago Tribune, among other papers.
Feb 17, 2010
Tribune Co. bankruptcy update
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What ever happened to sam zells famous quips and smart aleck remarks? He doesn't appear to be a humorous as he was when he was buying the newspapers. Another clown tha didn't figure out that being rich doesnt give you brains and insight on how to run a business you know nothing about.
More time in bankruptcy...that'll help.
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