In the lawsuit, a federal judge found that GreatBanc violated pension laws by purchasing unregistered shares in Tribune Co. for the ESOP at a time when there were still company shares trading on the New York Stock Exchange.
Tribune Co. employees also had sued GreatBanc, alleging that a leveraged buyout that resulted in creation of the ownership plan violated federal pension law.
Register owner announces cutbacks - O.C. Register
NO SH*T, THIS LEDE IS A WINNER - Romenesko
The digital revolution has killed off newspapers - Asharq Alawsat
A severe setback for the Register's bold experiment - USA Today
What if? … The NY Times ended its daily print edition - Media Disruptus
LA Times hires freelancer as new arts and culture blogger - Kevin Roderick
O.C. Register owner to cut staff, merge LB and L.A. newspapers - LA Times