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* Creditors sue over Tribune deal, allege fraud in Zell’s buyout: A committee representing Tribune’s unsecured creditors filed two complaints targeting Tribune Chairman Sam Zell, the real estate mogul who engineered the buyout; other Tribune board members; former CEO Dennis FitzSimons and other former executives, accusing them of shirking their duties so they could line their own pockets. “This L.B.O. transaction is among the worst in American corporate history,” the complaint said, according to Reuters… The buyout was “tainted from start to finish,” one of the complaints contends.
* Tony Rezko, ex-Blagojevich fundraiser, has status hearing
* Fast harvest, but conditions dry statewide
* DuPage prosecutor Joe Birkett named appellate judge
* DuPage’s Birkett appointed to appellate court
* Birkett appointed to Appellate Court
* 4 Cook judges deemed unqualified by bar are retained by voters
* Schools boss Huberman exiting early
The front-runner to replace Huberman, sources said, is Terry Mazany, CEO of the Chicago Community Trust, which has poured a huge amount of money and energy into the Chicago Public Schools under Mazany’s leadership.
Huberman may stay on as paid consultant through January to assist in the transition to a new leadership team that could be changed yet again after a new mayor is seated May 16.
* Chicago schools chief to leave post this month
* Chicago Public Schools chief Huberman leaving end of Nov.
* Huberman to leave Chicago Public Schools
* Sun-Times: Huberman picks bad time to resign, but …
* Civic Federation warns of hazards in Daley budget
Instead of taking the easy way out by putting off tough choices until after the Feb. 22 election, Msall urged the City Council to: make $85.4 million in additional spending cuts recommended by Inspector General Joe Ferguson; create a formal “withdrawal policy” to protect proceeds from the sale of city assets and build up an unreserved cash balance expected to drop to an alarming $2.7 million.
Msall further demanded that aldermen diffuse the ticking time bomb created by $12.4 billion in unfunded pension liabilities that amount to $4,348 for every Chicago resident.
* Police Supt. Weis revises minimum age restriction plan
* Aldermen propose banning alcohol-caffeine drinks
* Ban of caffeinated alcoholic drinks is on the table
* Burke: Charge charities $10 per day to solicit donations on public way
* Stroger still deciding if he will fight Oglesby’s unemployment claim
* Stroger refuses to answer question onfinalists for watchdog post
* Cabrera new City Colleges board chairman
* Blue Island mayor on vote: ‘We got killed’
* Elgin officials get first look at 2011 budget
* Buffalo Grove village president apologizes for mocking recalled trustee
* Village president sorry for mocking opponent in a wig
* Judge OKs case against Harvey mayor, detective
* City, Naperville council struggle with wards decision
* Geneva attorney is nominee for Kane state’s attorney
* Perez claims Kane County Sheriff seat
* Jockeying begins for Lake County Board chairmanship
* Trail projects get $5M in funds
* Antioch to see grant for new pool
* Carpentersville OK’s Firearms School
* Naperville eyes $10 mil tax rebate for hotel project
* Nine communities express interest in FutureGen CO2 disposal site
* R.I. Republicans: ‘This party is not dead in Rock Island County’
* 2 laid-off East Moline officers get their jobs back
* Sangamon Co. voters reject sales tax hike for schools
* Decatur Township votes to raise its tax levy 4.95 percent to collect additional $75,000
* Education sales tax squeaks to win
* 183rd firefighters to be laid off next year
* SIU Announces Closure Days
* Fioretti: Cancer like getting ‘hit by train’
* Meeks to tour Southwest Side schools
posted by Rich Miller
Thursday, Nov 4, 10 @ 9:04 am
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The unsecured creditors strip the bark off in their filings. The rumble has always been that Trib. Co. execs., for their own personal interests, didn’t seriously pursue or consider any other deal except Zell’s.
Comment by wordslinger Thursday, Nov 4, 10 @ 9:44 am
Dear Ed Burke: please start charging religious institutions a $10 per day fee for services which they now receive for free.
Comment by Amalia Thursday, Nov 4, 10 @ 9:53 am
I wonder if the Tribune will excoriate its own dealing with Zell the way it has gone after Berrios and Madigan. Especially since it seems like there is a lot more evidence of wrongdoing by the top tribune people.
Comment by Ghost Thursday, Nov 4, 10 @ 9:57 am
UGH. The alcohol-caffeine ban is a ridiculous waste of time when the city has so much more pressing matters! Not to mention… is this gonna prohibit the sale of Irish coffee now or stop me from ordering a rum and coke? This is nanny statism at its worst.
And Burke’s charity tax seems bizarre and full of unintended consequences. What inspired this? Did he just get annoyed at being solicited by the ASPCA people on State St. one too many times?
Is this gonna apply to Boy Scouts selling poppies on Memorial Day and all the Salvation Army bell ringers this holiday season?
Comment by hisgirlfriday Thursday, Nov 4, 10 @ 10:18 am
=== The alcohol-caffeine ban is a ridiculous waste of time when the city has so much more pressing matters!====
i’vew always hated this argument. It implies that we can only address a single issue at a time, and that we should ignore lesser problems which may be more easily and rapidly addressed if their are bigger more complex isues looming.
I would hope a good governemtn would do both. Puruse both lesser and larger issues simultaneously, but the failure to succeed on one issue should not stand as rodblock to all other issues.
We havent reached mars yet either, but I am ok if we pursue some other in between issues as well…..
Comment by Ghost Thursday, Nov 4, 10 @ 10:50 am
How freaking hard is it to go to voteforjudges.com and get the freaking list? Or, if you don’t know the freaking judges, and didn’t print your list, skip the freaking judges? Come on, this is the one piece of gov’t that is really gonna effect you personally if you ever have a suit filed against you or get arrested!
Comment by cermak_rd Thursday, Nov 4, 10 @ 10:59 am
[Ducking for cover]
Now that Peraica is available, do you think Stroger will appoint him as Cook County “watchdog”?
Comment by Cincinnatus Thursday, Nov 4, 10 @ 11:57 am