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BUSINESS
July 4, 1991 | From Times Staff and Wire Reports
Silverado's Accountant to Pay $20 Million: U.S. District Judge Sherman Finesilver of Denver approved a $20-million settlement of a government suit against Coopers & Lybrand, the accounting firm that audited Silverado Banking, Savings & Loan before its collapse in 1988. The firm was accused of holding a flawed Silverado audit in 1986.
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BUSINESS
July 16, 1998 | LESLIE EARNEST, SPECIAL TO THE TIMES
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.
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BUSINESS
January 16, 1995 | Times Staff and Wire Reports
G. Steve Hamm has been named managing partner for the Los Angeles cluster of Coopers & Lybrand. The group includes offices in Los Angeles, San Diego, Newport Beach, Sherman Oaks, Phoenix, Las Vegas and Anchorage. Hamm will be based in Los Angeles. Previously he served in the firm's Los Angeles office as partner in charge of entrepreneurial services and the financial advisory services group.
BUSINESS
February 8, 1997 | CHUCK PHILIPS, TIMES STAFF WRITER
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.
BUSINESS
February 8, 1997 | CHUCK PHILIPS, TIMES STAFF WRITER
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.
BUSINESS
February 21, 1996 | GREG MILLER, TIMES STAFF WRITER
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.
BUSINESS
July 16, 1998 | LESLIE EARNEST, SPECIAL TO THE TIMES
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.
BUSINESS
October 17, 1990 | JOHN LIPPMAN, TIMES STAFF WRITER
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.
BUSINESS
June 18, 1991 | JOHN MEDEARIS, TIMES STAFF WRITER
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.
NEWS
August 4, 1988 | SAM ENRIQUEZ, Times Staff Writer
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.
BUSINESS
February 21, 1996 | GREG MILLER, TIMES STAFF WRITER
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.
BUSINESS
January 16, 1995 | Times Staff and Wire Reports
G. Steve Hamm has been named managing partner for the Los Angeles cluster of Coopers & Lybrand. The group includes offices in Los Angeles, San Diego, Newport Beach, Sherman Oaks, Phoenix, Las Vegas and Anchorage. Hamm will be based in Los Angeles. Previously he served in the firm's Los Angeles office as partner in charge of entrepreneurial services and the financial advisory services group.
BUSINESS
July 4, 1991 | From Times Staff and Wire Reports
Silverado's Accountant to Pay $20 Million: U.S. District Judge Sherman Finesilver of Denver approved a $20-million settlement of a government suit against Coopers & Lybrand, the accounting firm that audited Silverado Banking, Savings & Loan before its collapse in 1988. The firm was accused of holding a flawed Silverado audit in 1986.
BUSINESS
June 25, 1997 | MELINDA FULMER, SPECIAL TO THE TIMES
Increased business from vacationers and conventioneers prompted hotel operators in the Anaheim-Santa Ana area to push through some of the biggest rate hikes in the nation last year, according to an industry study released Tuesday. Daily room rates surged 12.7% to an average of $79.68 in the first quarter of 1997 from the same period last year, making Anaheim-Santa Ana third in the country in size of rate increases. San Francisco topped the list, posting a 14.
NEWS
January 26, 1989 | MARY LOU LOPER, Times Staff Writer
At the Heart Ball, the medallions of veal, the angel hair pasta and the chocolate heart-shaped shells filled with chocolate mousse may not have met every requirement of a low-cholesterol, healthy-heart diet. But they were wolfed down with relish. For perfect digestion, the crowd depended upon "Love Will Keep Us Together" with the Captain and Tennille and a stage show with lots of great hits.
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