Bloomberg’s Morning Report on Bankruptcy Law by Bill Rochelle

Tribune Co., the second-largest newspaper publisher in the U.S., is in bankruptcy court today opposing a motion by an indenture trustee for authorization to conduct its own investigation into the $13.8 billion leveraged buyout led by Sam Zell in December 2007.

Tribune is supported in its objection by the official creditors’ committee, which is already conducting an investigation of the 2007 buyout. The committee says it already has recovered and reviewed 35,000 documents from 33 sources.