Disgraced LA Times Parent Co. Exec Benefits from More Bankruptcy Nonsense

According to documents filed yesterday in bankruptcy court, the Tribune Company felt it would face protracted litigation from former VP & CEO Randy Michaels if it chose to contest his wrongful 2010 termination and bonus-due claims. (He was asked to resign last fall after allegations of workplace impropriety.) As a result, the company has decided to cough up $657,000 of the $900,000 he sought, plus $50,000 in legal expenses.

It’s not quite a done dunce-deal, as the bankruptcy court must still approve the settlement agreement.

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