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Laventhol Horwath

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BUSINESS
November 21, 1990 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Laventhol & Horwath fired most of its 3,400 employees and confirmed Tuesday that it will file for bankruptcy court protection and dissolve the nation's seventh-largest accounting firm. Now begins a legal headache that is sure to last for years, as courts determine the depth of the firm's problems, for which all its partners and even some retired partners potentially are liable.
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BUSINESS
December 13, 1990 | ANNE MICHAUD, SPECIAL TO THE TIMES
The local office of foundering accounting giant Laventhol & Horwath is negotiating to reopen as a second Orange County branch of BDO Seidman, an official from that accounting firm confirmed Wednesday.
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BUSINESS
November 20, 1990 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Laventhol & Horwath, the nation's seventh-largest accounting firm, may be dissolved or put into bankruptcy, with some of its offices--including its Orange County operation--forming independent partnerships or affiliating with other firms, partners said Monday. The firm, whose legal and financial troubles have mounted in recent months, declined to comment. But its 350 or so partners met over the weekend in Houston to decide the Philadelphia firm's fate.
BUSINESS
February 25, 1988
Thomas P. McMillan has been named a partner of the auditing and accounting services department of the Los Angeles office of Laventhol & Horwath.
BUSINESS
October 27, 1990 | United Press International
Laventhol & Horwath said it has reorganized its management consulting group into a new subsidiary, Howarth Consulting Inc., which will focus on national accounts. David E. Arnold was named national managing director of the consulting subsidiary. The consulting subsidiary, which focuses primarily on the real estate and hospitality industries, plans to expand activity in Asia and Eastern Europe, Arnold said.
BUSINESS
November 21, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
In reaction to Laventhol & Horwath's planned bankruptcy and dissolution, some of the firm's Orange County clients are considering transferring their business to other accounting firms. Richard Carpe, managing partner of Laventhol's Costa Mesa office, said the local office will stay alive as an independent accounting firm to be called Carpe, Wachs, Kipper & Davis. He said the firm hopes to retain many of its clients.
BUSINESS
November 21, 1990 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Laventhol & Horwath fired most of its 3,400 employees and confirmed Tuesday that it will file for bankruptcy court protection and dissolve the nation's seventh-largest accounting firm. Now begins a legal headache that is sure to last for years, as courts determine the depth of the firm's problems, for which all its partners and even some retired partners potentially are liable.
BUSINESS
November 20, 1990 | From Associated Press
Laventhol & Horwath, one of the nation's largest accounting firms, plans to file a Chapter 11 bankruptcy petition Wednesday, the firm said today. Today's announcement comes after two days of speculation that the company would fold under the weight of several lawsuits. Bank debt stands at $85 million, the firm said. "A series of tragic circumstances brought this proud firm to this sad day," said Robert Levine, executive partner and chief executive officer.
BUSINESS
November 20, 1990 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Laventhol & Horwath, the nation's seventh-largest accounting firm, may be dissolved or put into bankruptcy, with some of its offices--including its Orange County operation--forming independent partnerships or affiliating with other firms, partners said Monday. The firm, whose legal and financial troubles have mounted in recent months, declined to comment. But its 350 or so partners met over the weekend in Houston to decide the Philadelphia firm's fate.
BUSINESS
October 27, 1990 | United Press International
Laventhol & Horwath said it has reorganized its management consulting group into a new subsidiary, Howarth Consulting Inc., which will focus on national accounts. David E. Arnold was named national managing director of the consulting subsidiary. The consulting subsidiary, which focuses primarily on the real estate and hospitality industries, plans to expand activity in Asia and Eastern Europe, Arnold said.
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