Chicago Tribune

Essentially, the bankruptcy judge is being asked to decide whether it would be better to settle disputes over who is at fault for the bankruptcy that wiped out billions of dollars of investments, or whether it would be better to sue to try to get those billions back.The owner of the Chicago Tribune and numerous television stations has been stuck in bankruptcy since December 2008, one of the longest and most contentious cases of recent years, because it cannot reach a deal to end its Chapter 11.The company collapsed less than a year after Zell took control through a leveraged buyout that left the company with $13 billion in debt, which he has since described as the "deal from hell." ...

Source: http://losangeles.ibtimes.com/articles/170327/20110627/tribune-s-creditors-final-bankruptcy-pitch.htm