Thursday, June 7, 2012

Tribune slithering out of bankruptcy

The RealDeal
GERALD SCARFE
NYker
A mere 3 1/2 years, $1.3 billion in claims and $410 million in lawyer's fees later, short-fingered vulgarian Sam Zell is preparing to steer his crotch rocket away from a Delaware court with a bankruptcy plan... only to likely be forced to return in the future should right-to-sue claims against Morgan Stanley & Co. from disgruntled bondholders stand up.

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