Inside these posts: ESOP

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Judge OKs class-action against Tribune ESOP trustee

Tribune Co. employees at the time of company‚Äôs 2007 leveraged buy-out are eligible to join a class action lawsuit against the ESOP trustee that represented their interests in the takeover by billionaire Sam Zell, a federal judge ruled Friday. Get the full story »

Judge: Zell can’t be made to pay for pension losses

A U.S. District Judge in Chicago ruled Monday that Sam Zell can’t be made to pay for the company’s retirement fund losses because Tribune isn’t directly involved in the lawsuit. Zell was sued by workers who claimed that the billionaire caused the company’s employee stock ownership plan to lose value.