LA Times workers sue parent company's CEO
Current and former Los Angeles Times journalists are suing the head of the paper's parent company, Tribune Co. Chief Executive Sam Zell.
By Agencies |
NEW YORK: Current and former Los Angeles Times journalists are suing the head of the paper's parent company, Tribune Co. Chief Executive Sam Zell.
They claim Zell's actions leading the company, including massive job cuts, have damaged the company and jeopardized their stock options and retirement plans.
The lawsuit was filed on Tuesday in US District Court in Los Angeles. It seeks class-action status.
Chicago-based Tribune bought the Times in 2000 and Zell last year orchestrated a complex $8.2 billion buyout of Tribune.
The plaintiffs say they want to expose that acquisition as a scam meant to enrich Zell and his associates.
Tribune officials declined comment, saying they have not read the lawsuit.
They claim Zell's actions leading the company, including massive job cuts, have damaged the company and jeopardized their stock options and retirement plans.
The lawsuit was filed on Tuesday in US District Court in Los Angeles. It seeks class-action status.
Chicago-based Tribune bought the Times in 2000 and Zell last year orchestrated a complex $8.2 billion buyout of Tribune.
The plaintiffs say they want to expose that acquisition as a scam meant to enrich Zell and his associates.
Tribune officials declined comment, saying they have not read the lawsuit.
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