Tribune creditors seek court OK to go after $250M from directors, officers

Tribune Company creditors asked a Delaware judge to let them try to recover millions of dollars awarded to insiders in the year prior to the media company's bankruptcy, saying they can do a better job than Tribune can. Tribune's official committee of unsecured creditors said it wants current and former Tribune officers and directors to return more than $250 million of awards, including bonuses and restricted stock. The move escalates the battle over the future of Tribune. The committee also sought permission to pursue claims against Tribune's past owners or possible future owners. Among these are current owner Sam Zell and JPMorgan Chase & Co., one of his lenders.