The “pre-LBO creditors” tell a Delaware judge that the debt-burdened sale to a group led by real estate tycoon Sam Zell is a disaster that endangers their own rights. They’re afraid the bankers who financed the Zell deal will wind holding much of the company when Tribune emerges from Chapter 11, and perhaps wiping them out. They allege that many of the experts now working for the creditors committee are the same ones who worked on the original deal in 2007. They want access to emails and other communications about the 2007 transaction, to search for conflicts and fraud. But as today’s T-R-I Newsletter asks – who’s watching out for the Tribune staffers in the ESOP (Employee Stock Ownership Plan) who made Zell’s deal possible from a tax standpoint?