Zell Objects To Claims Against Him In Tribune Ch. 11

Law360, New York (April 13, 2011, 7:35 PM EDT) -- Attorneys for billionaire Sam Zell decried potential lawsuits against him in Tribune Co.’s ongoing reorganization battle as “frivolous” on Wednesday, as numerous parties voiced their objections to two dueling Chapter 11 plans in Delaware.

The claims against Zell — whose $8.3 billion leveraged buyout of Tribune helped drive the company into bankruptcy — are wasteful of estate resources, injurious to his reputation and driven by the ulterior motives of both factions in the case, Zell’s attorneys argued at a hearing in the U.S. Bankruptcy Court for...
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