Powered by

Zell, other ex-Trib bosses settle charges for $200 million

Jun 11, 2019 - Chicago Sun-Times

The dispute carried over from his leveraged buyout and the company’s 2008 bankruptcy.

Real estate billionaire Sam Zell is still tallying the price of his “deal from hell†from the last decade, the debt-laden buyout of the Chicago Tribune and other media properties.

Zell and about 50 cohorts, former directors and executives of the company, have agreed to settle for $200 million allegations of “fraudulent†payments arising from Tribune Co.’s 2008 ba...