The [Tuesday] Papers
It's not that Sam Adam Jr. is willing to go to jail for his client. It's that he's willing to do anything to win his case. Think of the acclaim; think of his future earning power.
What happened in court yesterday was as much about Adam, if not more, than Rod Blagojevich. Adam wants to win bad - and not for all the right reasons.
"Adam argued he should be able to tell jurors that the government mentioned 35 people in its case - including Tony Rezko and Stuart Levine - but never called them as witnesses," the Sun-Times explains.
"'You cannot draw an evidentiary inference from the fact a witness was not called by the other side when you had an equal right to call them,' [Judge James] Zagel told Adam."
Who Is To Blame For Blago?
Note: This is the post that I said yesterday would be titled Blago Is Going To Jail. I still think that, but that was just a working title for a collection of unfocused tidbits that became focused.
And the sun rises in the East. I mean, shouldn't that say "Illinois Voters May Have To Vote Four Times in U.S. Senate Race"?
Illegal pot still good to go.
Trib Should Resign!
"Kenneth Klee made the assertion in documents filed late Monday in federal bankruptcy court in Delaware.
"After a two-month investigation ordered by a bankruptcy judge, Klee said it was 'somewhat likely' a court would conclude some fraudulent behavior occurred in the final stages of real estate mogul Sam Zell's buyout of Tribune."
More from the Trib:
"The court-appointed examiner in Tribune Co.'s Chapter 11 bankruptcy case determined that the company's 2007 leveraged buyout was 'marred' by the 'dishonesty and lack of candor' of its then-senior management and that the deal rendered the media conglomerate insolvent from the moment the two-step transaction closed."
Zell had this thing and it was f---ing golden.
"[Klee] charged that management of Tribune Co., owner of the Chicago Tribune, misled the company's board into signing off on the second part amid a sharp decline in the company's fortunes, making the company's bankruptcy filing a year later inevitable.
"The examiner found that management, without naming names, improperly pushed a faulty valuation report that supported the second part of the deal and failed to appraise the board of relevant information that undercut earlier projections the report was based on. Klee also contested that 'one important component of those projections went beyond the optimism that sometimes characterizes management projections.'"
In other news, former Tribune chairman Dennis FitzSimons just bought a Park Hyatt condo for $2.6 mil.
A) Will be replaced by texting portion
Five Albums That Changed Drew's Life
Marlon Byrd vs. Robert Byrd
Note: We posted this on Agony & Ivy recently but I decided to repost it here as well.
The Beachwood Tip Line: Vengeance can be yours.
Posted on July 27, 2010
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