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Jack Cheldin

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June 18, 1991 | PATRICE APODACA, TIMES STAFF WRITER
A few years ago, Unico American Corp., a Woodland Hills insurance holding company, was embroiled in a family battle that was also a corporate power struggle. The dispute pitted brother against brother, cousin against cousin, and prompted half a dozen lawsuits involving allegations of fraud, embezzlement and conspiracy. Today, all but one of the lawsuits have been settled. Erwin Cheldin, Unico's founder and longtime president, is now chairman.
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BUSINESS
June 18, 1991 | PATRICE APODACA, TIMES STAFF WRITER
A few years ago, Unico American Corp., a Woodland Hills insurance holding company, was embroiled in a family battle that was also a corporate power struggle. The dispute pitted brother against brother, cousin against cousin, and prompted half a dozen lawsuits involving allegations of fraud, embezzlement and conspiracy. Today, all but one of the lawsuits have been settled. Erwin Cheldin, Unico's founder and longtime president, is now chairman.
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BUSINESS
November 5, 1991
A Pacific Palisades couple cut their stake in Unico American Corp. to 3.3% of the insurance company's stock. In a filing with the Securities and Exchange Commission, Arnold Jack Cheldin and his wife, Suzanne, said they sold 373,600 Unico shares between Aug. 1 and Sept. 26 at prices ranging from $4.43 to $6.06 a share. The couple now own 175,000 shares of Unico, a property-casualty insurer based in Woodland Hills whose principal unit is Crusader Insurance Co.
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