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Lee Roy Bangerter

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BUSINESS
May 24, 1989 | JOHN CHARLES TIGHE, Times Staff Writer
Creditors of bankrupt Care Enterprises of Tustin have accused the company's top management of engaging in insider trading, manipulating earnings reports and generally profiting from corporate transactions at the expense of Care bondholders, shareholders and employees. Court documents filed by the creditors also allege that executives of the troubled nursing home chain entered into questionable business deals, took corporate jets on fishing trips in violation of company policy and stayed in $1,000 hotel suites at company expense.
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BUSINESS
July 29, 1989 | LESLIE BERKMAN, Times Staff Writer
The top two executives of Care Enterprises have resigned as part of a reorganization plan intended to lift the Tustin-based nursing-home chain out of bankruptcy, attorneys said Friday. Twin brothers Dee Roy and Lee Roy Bangerter Thursday went on paid leaves of absence that will last 60 days or until the court confirms the proposed reorganization plan, said David Kupetz, an attorney representing the company.
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BUSINESS
July 29, 1989 | LESLIE BERKMAN, Times Staff Writer
The top two executives of Care Enterprises have resigned as part of a reorganization plan intended to bring the nursing home chain out of bankruptcy proceedings, attorneys said Friday. Twin brothers Dee Roy and Lee Roy Bangerter on Thursday began paid leaves of absence that will last 60 days or until the court confirms the proposed reorganization plan, said David Kupetz, an attorney representing the company.
BUSINESS
July 29, 1989 | LESLIE BERKMAN, Times Staff Writer
The top two executives of Care Enterprises have resigned as part of a reorganization plan intended to bring the nursing home chain out of bankruptcy proceedings, attorneys said Friday. Twin brothers Dee Roy and Lee Roy Bangerter on Thursday began paid leaves of absence that will last 60 days or until the court confirms the proposed reorganization plan, said David Kupetz, an attorney representing the company.
BUSINESS
July 29, 1989 | LESLIE BERKMAN, Times Staff Writer
The top two executives of Care Enterprises have resigned as part of a reorganization plan intended to lift the Tustin-based nursing-home chain out of bankruptcy, attorneys said Friday. Twin brothers Dee Roy and Lee Roy Bangerter Thursday went on paid leaves of absence that will last 60 days or until the court confirms the proposed reorganization plan, said David Kupetz, an attorney representing the company.
BUSINESS
March 4, 1987 | DENISE GELLENE, Times Staff Writer
The chairman of closely held Care Enterprises said a bid by his half-brother to regain a seat on the nursing home firm's board of directors isn't welcome even though he owns a large block of stock. Lee Roy Bangerter, Care's chairman, said in an interview on Tuesday that the company is well run now and that allowing his half-brother Ted D. Nelson "on the board is like letting a fox loose in a chicken coop . . . . Ted's my brother and I love him, but he's a high-risk person and I'm not."
BUSINESS
February 28, 1987 | DENISE GELLENE, Times Staff Writer
A family feud over Care Enterprises is taking a new twist as the estranged wife of a major shareholder sides with her brother-in-law in attempting to gain control of the nursing home firm. Janice Bangerter says she has given her brother-in-law control of any Care shares she receives in a divorce settlement with her husband, Dee Roy Bangerter, whose stake in Care is estimated to be worth $8 million. Her brother-in-law, Ted D.
BUSINESS
December 28, 1988 | LESLIE BERKMAN, Times Staff Writer
A Los Angeles bankruptcy judge Tuesday refused Tuesday to give the management of Care Enterprises more time to develop a reorganization plan acceptable to creditors of the Tustin-based nursing home chain. Instead, Judge Arthur Greenwald agreed to allow creditors and other interested parties to submit alternative reorganization plans for the court's consideration. Greenwald said he will hold a hearing on Feb.
BUSINESS
December 7, 1987
The $1-billion Knudsen dairy empire has been largely dismantled, but the state's former dairy giant lives on in lawsuits filed by ex-employees and creditors. Fourteen lawsuits have been filed against Knudsen's former bankers by dairy farmers throughout the state who together claim to be owed $28.5 million for milk delivered to Knudsen before it collapsed.
BUSINESS
March 22, 1987 | DENISE GELLENE, Times Staff Writer
The end came hard for Ted Douglas Nelson. The day after he quit Knudsen Foods--the troubled dairy run by his family--his older brothers locked him out of his office and took away his company-owned Mercedes. "Do you know what?" asks a wounded Nelson, 37. "My brother Dee kept his car." Just five days after Nelson lost his car last September, his family lost control of its corporation and most of its fortune.
BUSINESS
May 24, 1989 | JOHN CHARLES TIGHE, Times Staff Writer
Creditors of bankrupt Care Enterprises of Tustin have accused the company's top management of engaging in insider trading, manipulating earnings reports and generally profiting from corporate transactions at the expense of Care bondholders, shareholders and employees. Court documents filed by the creditors also allege that executives of the troubled nursing home chain entered into questionable business deals, took corporate jets on fishing trips in violation of company policy and stayed in $1,000 hotel suites at company expense.
BUSINESS
May 3, 1990 | JONATHAN WEBER, TIMES STAFF WRITER
In what is believed to be the second-largest settlement of its kind in the nation, a Tustin-based nursing home chain has agreed to pay more than $600,000 in fines for health-code violations at its facilities. The settlement involved 587 citations issued during the past seven years by the California Department of Health Services against Care Enterprises West, the California subsidiary of Care Enterprises Inc., which operates 58 nursing homes in the state and is in Chapter 11 bankruptcy.
BUSINESS
April 13, 1990 | LESLIE BERKMAN, TIMES STAFF WRITER
Almost exactly two years after seeking protection from the U.S. Bankruptcy Court, Care Enterprises Inc. has received court approval of a reorganization plan that would enable the Tustin-based nursing-home company to emerge from Chapter 11 by the end of the year. The plan, approved March 29 by Judge Arthur Greenwald, is scheduled to take effect Dec. 31.
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