Tribune Creditors Seek to Sue Shareholders, Zell

Tribune Co. creditors asked a judge to let them sue real-estate billionaire Sam Zell, who took the newspaper publisher private in 2007 for more than $8 billion, and shareholders who benefited from the deal.

Zell, the shareholders and six other groups of potential targets of the lawsuit “collectively caused massive damage” to Tribune, the official committee of unsecured creditors said today in a filing in U.S. Bankruptcy Court in Wilmington, Delaware.