February 8, 1997 |
A Los Angeles accountant accused by Death Row Records of stealing $4.5 million was fired Friday for alleged unethical business practices. Coopers & Lybrand said it found nothing to support allegations that Steve Cantrock, a partner in its prestigious Gelfand, Rennert & Feldman entertainment division, took funds from Death Row. The company said Cantrock was asked to resign after "an extensive internal investigation and the discovery that Mr.
February 21, 1996 |
Less than three months after settling a costly shareholder lawsuit stemming from accounting irregularities, Pinnacle Micro Inc. said Tuesday that its independent accounting firm has resigned over a new bookkeeping dispute. The Irvine-based maker of optical disk drives said its accounting firm, Coopers & Lybrand L.L.P., disagreed with the way Pinnacle Micro recorded certain engineering expenditures that totaled $406,000 during 1995.
July 16, 1998 |
Two Medieval Times franchises have filed a lawsuit against Coopers & Lybrand LLP, claiming that the accounting firm gave professional advice that forced the themed restaurants into bankruptcy. In the lawsuit, filed Monday in Orange County Superior Court, Medieval Dinner & Tournament Inc. of Buena Park, and Medieval Show Inc. of Florida claim federal and state tax authorities assessed more than $90 million in taxes and penalties against the franchises as a result of Coopers & Lybrand's advice.
October 17, 1990 |
Financial News Network, which last week fired its chief financial officer for allegedly receiving unauthorized payments, on Tuesday laid off its entire Los Angeles financial and accounting staff, sources said. The layoffs, said to number at least 15 employees, were reportedly ordered to consolidate FNN's finance department under executives based in Fairfax, Va. FNN officials could not be reached for comment.
June 18, 1991 |
Ventura Entertainment Group's common stock briefly plunged last week on the news that a securities firm that has performed investment banking services for the company is being investigated by the Securities and Exchange Commission. Ventura Entertainment's shares fell $1.125 to $1.375 bid on June 10, after it was learned that the SEC was investigating Stratton Oakmont Inc., which is based in Lake Success, N.Y. By Monday, however, Ventura Entertainment's shares had rebounded to $2.375 bid.
August 4, 1988 |
An $8,000 consultant's report suggests that Thousand Oaks officials mount a public relations campaign to persuade constituents that the city's two highest-paid employees should be given raises. A draft copy of the report by the Coopers & Lybrand accounting and consulting firm says Thousand Oaks residents are "not ready to accept paying a city manager $100,000 in annual base salary." Thousand Oaks City Manager Grant R. Brimhall, the city's highest paid employee, earns an annual salary of $94,740.