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BUSINESS
July 16, 1990 | From United Press International
Stock Fraud Suit: A $25-million class-action suit accused Merrill Lynch, Pierce Fenner & Smith and five of its brokers of fraud and stock manipulation after they allegedly targeted Leisure World residents in a scheme to promote what became a worthless penny stock. The U.S. District Court suit said the Merrill Lynch brokers violated the brokerage's internal policies to "hype" the stock of IMT Inc., a bankrupt company.
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BUSINESS
July 16, 1990 | From United Press International
Stock Fraud Suit: A $25-million class-action suit accused Merrill Lynch, Pierce Fenner & Smith and five of its brokers of fraud and stock manipulation after they allegedly targeted Leisure World residents in a scheme to promote what became a worthless penny stock. The U.S. District Court suit said the Merrill Lynch brokers violated the brokerage's internal policies to "hype" the stock of IMT Inc., a bankrupt company.
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REAL ESTATE
June 28, 1987 | DICK TURPIN, Times Real Estate Editor
The 24th annual "Best in the West" home-building and design competition was dominated once again by Southern California builders and architects who snared 19 grand awards, including two coveted "Home of the Year" prizes.
REAL ESTATE
July 21, 1985
Michael L. Tenzer, chairman and chief executive of Leisure Technology Inc., has been elected a director of the National Housing Conference.
BUSINESS
June 17, 1991 | From Times Staff and Wire Reports
Lionel Corp. Seeks Chapter 11 Protection: The one-time manufacturer of electric trains filed for protection from creditors while it reorganizes. New York-based Lionel, which sold its train business in 1969, operates 97 toy supermarkets in 15 states through its principal subsidiary, Lionel Leisure Inc. Lionel Leisure, based in Edison, N.J., joined its parent in the bankruptcy filing in New York. Lionel trains are now manufactured by privately held Lionel Trains Inc. of Mt. Clemens, Mich.
BUSINESS
March 15, 1985
By mutual agreement, the Pasadena-based company dropped out of a venture with Leisure Technology Inc. to jointly develop and manage a $25-million retirement community in Lakewood, N.J. Beverly gave no reason for its decision. Leisure said it plans to proceed with the development.
REAL ESTATE
May 17, 1987
Michael L. Tenzer, chairman and chief executive officer of Leisure Technology Inc., has been recognized as the nation's leading chief executive officer in the real estate industry for 1986 by Financial World, an investment magazine. Twenty-eight top real estate chief executives selected Tenzer through national balloting and a survey of financial analysts specializing in the industry.
BUSINESS
January 21, 1997 | Times Staff and Wire Reports
Chartwell Leisure Inc. said it will build, own and manage 20 Hilton Garden Inn hotels through a $200-million, three-year agreement with Hilton Hotels Corp.'s franchising arm. Construction of the first inn will start soon at the Albuquerque International Airport, the New York-based company said. Chartwell, which operates about 130 hotels, also said Beverly Hills-based Hilton approved the conversion of Chartwell's 207-room San Diego Travelodge to a full-service Hilton hotel.
SPORTS
April 30, 1988
Eric Franklin, a Cal State Fullerton running back, signed as a free agent with the Chargers Friday. Franklin (5-feet 11-inches, 190 pounds) played high school football at Santa Ana. Franklin, 23, rushed for only 47 yards in his junior season at Fullerton but gained 905 last season. He ended his career at Fullerton with five consecutive 100-yard games. Corey Gilmore, a former San Diego State running back, has signed as a free agent with the Philadelphia Eagles.
REAL ESTATE
June 17, 1990
Kenneth J. Chirba and Michael L. Tenzer will be honored at a Tuesday fund-raiser at the Beverly Hilton Hotel benefiting the National Jewish Center for Immunology and Respiratory Medicine in Denver. Chirba, vice president and regional manager of the West Coast Region/Real Estate Finance Division of Chase National Corporate Services Inc., will receive the National Jewish Humanitarian Award. Tenzer, chairman and chief executive officer of Leisure Technology Inc.
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