March 25, 2014 |
Margie Beskau would seem to have a strong lawsuit against General Motors for millions in damages. Eight years ago, her 15-year-old daughter, Amy Rademaker, died in a Chevrolet Cobalt - one of the cars the automaker has now admitted had a deadly safety defect. A faulty ignition switch shut off the car, leaving its teenage driver without power steering, brakes or air bags. But Beskau probably will never collect in the civil courts, legal experts say, because GM has been absolved of all responsibility for crashes before the automaker's 2009 bankruptcy and federal bailout.
March 19, 2014 |
In 1958, Ed Michelson started a motion picture catering company - Michelson Food Services - and made food for the cast and crew on such classic films as "West Side Story" and "Some Like it Hot. " Michelson was one of the first to operate a food service truck on film sets, and for decades business boomed, back when virtually all the big studio movies were filmed in Los Angeles. Today, son Steve Michelson said that's no longer the case. When his father died, Michelson decided to start his own catering company, Sylmar-based Limelight Catering, which employs about 50 people and has been in business for 14 years.
March 17, 2014 |
The greatest stain on the history of a proud franchise was officially dissolved Monday, when U.S. Bankruptcy Judge Kevin Gross signed a final decree ending the Dodgers' time in his court. The bankruptcy cases of the Dodgers and related entities "are hereby closed," Gross wrote in an order that ended the team's stay in bankruptcy court at 995 days. Gross signed the order as the Dodgers flew over the Pacific Ocean en route to Australia for Saturday's season opener against the Arizona Diamondbacks.
March 17, 2014 |
PHOENIX -- Sometime in the relatively near future, perhaps even this year, Zach Lee could take the mound for the Dodgers in a regular-season game. Or Joc Pederson could step into the batter's box. If it happens, fans at Dodger Stadium might consider raising their plastic cups in a tribute to the man responsible: Frank McCourt. If not for the team's unpopular former owner, the Dodgers' two top prospects would be somewhere else. Lee might be counting down the days until the NFL draft.
March 14, 2014 |
Quiznos, the Denver-based sandwich chain, said Friday it had filed for Chapter 11 bankruptcy in Delaware, the second quick-service restaurant chain in a week to do so. The filing is expected to be speedy, as Quizno's senior leadership had already secured a "pre-packaged" restructuring plan with its creditors, the company said in a statement. The move will cut the company's debt by more than $400 million. Quizno's bankruptcy filing comes just days after Sbarro, the New York-based pizza chain, filed for court protection in Manhattan on Monday, the second time in three years.
March 10, 2014 |
Sbarro filed for bankruptcy for the second time in three years as the pizza chain watches foot traffic slow in the malls many of its restaurants occupy. The Melville, N.Y., company filed for Chapter 11 protection in U.S. Bankruptcy Court in Manhattan on Monday along with more than 30 affiliates. Sbarro had sought bankruptcy in April 2011, emerging the next November. This time, the Italian-style eateries has racked up between $100 million and $500 million in both assets and liabilities, according to the company.