June 24, 1997 |
A Superior Court jury in Los Angeles has awarded $2.5 million to a former executive of bankrupt Newport Beach home builder Baldwin Co. after finding that the owners reneged on a promise to make him a partner in the company. The jury found that brothers James and Alfred Baldwin breached their contract with Robert B. Burns, who headed their company's Los Angeles-Ventura division. However, the jury awarded damages only against James Baldwin, who directly supervised Burns' division.
April 5, 2013 |
New homes are rarely perfect. Houses are giant puzzles with hundreds of parts, manufactured at different locations and carried to the building site. And try as they might to put together a flawless product, builders and their numerous subcontractors don't always get things right. Luckily, buyers are more likely to have to deal with cosmetic defects than out-and-out structural failures. Scratched refrigerators, broken bathroom tiles and faulty electrical outlets are far more prevalent than badly cracked foundations or sagging roofs.
December 18, 1998 |
A San Juan Capistrano nursing home firm has filed suit accusing a former executive and his wife of defrauding the company and using the proceeds to build a Laguna Beach mansion. The lawsuit, filed Wednesday in Orange County Superior Court by Covenant Care Inc., seeks damages of $2 million plus punitive damages against Stephen Edward Samuelian and his wife, Susan Deeann Samuelian.
August 25, 2005 |
Nursing home operator Beverly Enterprises Inc. said Wednesday that it accepted a sweetened takeover bid from North American Senior Care Inc. that values the company at more than $1.9 billion and narrowly tops a counteroffer made last week by a rival bidder. Under the revised deal, North American Senior Care would pay $13 a share in cash to acquire Beverly, whose directors have voted in favor of the proposal because they say it is in the best interests of its shareholders.
September 18, 1996 |
In a business where people are supposed to be soothing and supportive, the world's biggest funeral-home company on Tuesday made what was viewed as an unfriendly, expensive bid for even more power. Service Corp. International, the Houston-based owner of more than 2,800 funeral homes worldwide, disclosed it had approached Canada's Loewen Group, its rapidly expanding rival, with a proposed takeover valued at just over $2 billion.
August 2, 1985 |
When Melissa Allen came home to Yorba Linda this week, she brought a dance company with her. At 19, Allen is a four-year veteran of American Ballet Theatre. Like other young members of the renowned New York company, she has held some small roles with ABT but mostly has danced in disciplined anonymity as part of the corps de ballet.