Associated Press | The judge presiding over the Tribune Co.’s
bankruptcy case has appointed an independent examiner to review the 2007
leveraged buyout of the media conglomerate.

The judge on Monday approved the U.S. trustee’s selection of Kenneth
Klee, a California bankruptcy lawyer and law professor at UCLA, as
examiner.

The judge gave Klee authority to look into issues surrounding the buyout engineered by real estate mogul Sam Zell, and the potential claims that might be brought on behalf of the bankruptcy estate.

Klee also will look at whether a group of bondholders should be penalized for filing a complaint in the case and violating a confidentiality agreement in doing so.