January 24, 1990 |
Attorneys for shareholders challenging Occidental Petroleum Corp.'s financing of a museum to house Armand Hammer's art collection have filed a court notice seeking sworn information on whose money will be used to buy back a collection of paintings Hammer gave USC25 years ago. The filing, in Delaware Chancery Court in Wilmington, was made public Tuesday.
September 29, 1990 |
The Westwood art museum being built to honor industrialist Armand Hammer--limited in money it can get from Occidental Petroleum Corp. by a court settlement--is attempting to secure $13 million from an unidentified Japanese corporation, according to newly released court documents and museum officials.
February 21, 1990 |
Heavy cost overruns may have caused Occidental Petroleum officials last summer to use accounting devices to switch millions of dollars from the Armand Hammer Museum of Art and Cultural Center books to other corporate categories. In order to settle a shareholder suit over financing of the center, Occidental had earlier agreed to hold costs for the Westwood facility to $60 million or less. To meet the goal, the oil company had to reduce the price of the museum by $18.
CALIFORNIA | LOCAL
November 14, 1992 |
In Westwood Village, where blockbuster films are viewed as a breath of fresh air for a beleaguered economy, merchants are cautious about Wednesday's opening of Spike Lee's controversial film "Malcolm X." They look forward to the crowds expected to flock to the commercial area next to UCLA, but they fear the possibility that violence might erupt, as it did when "New Jack City" opened in 1991.