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James R Martin

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BUSINESS
August 29, 1994 | DEBORA VRANA, TIMES STAFF WRITER
The owners of Teachers Management & Investment Corp., the Newport Beach company that raised as much as $1 billion from California educators, said Sunday that they inherited most of their troubled company's problems and are doing their best to steer one of the nation's oldest real estate syndicates out of one of California's worst recessions. In an interview with The Times, the two men responded in detail to a lawsuit filed Aug. 22 against them and their company. James R.
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BUSINESS
August 29, 1994 | DEBORA VRANA, TIMES STAFF WRITER
The owners of Teachers Management & Investment Corp., the Newport Beach company that raised as much as $1 billion from California educators, said Sunday that they inherited most of their troubled company's problems and are doing their best to steer one of the nation's oldest real estate syndicates out of one of California's worst recessions. In an interview with The Times, the two men responded in detail to a lawsuit filed Aug. 22 against them and their company. James R.
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BUSINESS
May 16, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
An Orange County judge Wednesday refused to block a second attempt to oust troubled Teachers Management & Investment Corp. as manager of Parducci Wine Cellars. Superior Court Judge John C. Woolley denied TMI's request to halt a May 23 meeting of limited partners in Parducci Winery Ltd., which owns the Mendocino County winery. The partners are scheduled to vote on whether to depose TMI as general partner.
BUSINESS
August 3, 1996 | DEBORA VRANA, TIMES STAFF WRITER
Embattled Teachers Management & Investment Corp. said Friday that it has sold its Parducci Wine Cellars in Napa to Hill & Thoma Wines for $19.9 million. The Napa winery was one of the few remaining partnerships still operated by the Newport Beach investment company, which has been stripped of most of the real estate partnerships it put together for 20,000 educators statewide. "This will be a boon to the limited partners. It's been a long time coming," said James R. Percival, a lawyer for TMI.
BUSINESS
August 26, 1994 | DEBORA VRANA
The state Department of Real Estate confirmed Thursday that it is investigating Teachers Management & Investment Inc. in the wake of a civil lawsuit that alleges the fund has lost at least $100 million of teachers' retirement money. "Our concern is that everything be on the up and up at TMI," said Randy Brendia, regional manager in Los Angeles for the department. Also Thursday, a judge granted a temporary restraining order prohibiting the Newport Beach firm from altering or destroying documents.
BUSINESS
September 14, 1994 | DEBORA VRANA, TIMES STAFF WRITER
Lawyers for Teachers Management & Investment Corp. said Tuesday they have transferred a lawsuit filed against the Newport Beach investment fund from Orange County to U.S. District Court in Los Angeles. Four investors sued the 26-year-old fund on Aug. 23 in Orange County Superior Court alleging that its operators lost $100 million of client funds through fraud and racketeering.
BUSINESS
May 31, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
A lawyer for beleaguered Teachers Management & Investment Corp. said Thursday that TMI investors who bought the Parducci Wine Cellars 23 years ago have approved its sale for $19.2 million. More than half the teachers who invested in the Mendocino County winery have voted in favor of the sale to Domain Hill & Mayes in Napa, said the lawyer, David C. Grant of Irvine. Investors would get about $13.5 million, he said.
BUSINESS
September 8, 1994 | DEBORA VRANA, TIMES STAFF WRITER
An Orange County Superior Court judge on Wednesday issued a temporary restraining order barring Teachers Management & Investment Corp. from seeking bankruptcy protection. The Newport Beach investment fund, which for 26 years has offered California educators an opportunity to invest in land and commercial properties, was sued Aug. 23 by four investors who alleged that the company is insolvent.
BUSINESS
March 22, 1996 | DEBORA VRANA, TIMES STAFF WRITER
Saying there are too many unresolved issues, an Orange County judge refused Thursday to approve a tentative $4-million settlement between Teachers Management & Investment Corp. and the company's investors. "At this point, I don't have a settlement I can enforce," said Superior Court Judge Francisco F. Firmat, pointing out that the two sides have been unable to resolve their differences in finalizing the tentative agreement they had reached six months ago.
BUSINESS
October 10, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
An Orange County judge on Wednesday approved a $4-million settlement that had been pending for the last year between Teachers Management & Investment Corp. and the company's investors. Under the agreement, TMI and its operators, Maurice B. Shuman and James R. Martin, will pay the money--plus the possibility of at least $400,000 more in the future--to settle a lawsuit accusing them of fraud and negligence. The defendants did not admit any liability in settling.
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