Advertisement
YOU ARE HERE: LAT HomeCollectionsPritzker Family
IN THE NEWS

Pritzker Family

FEATURED ARTICLES
BUSINESS
December 12, 2002 | From Bloomberg News
Chicago's Pritzker family may sell shares in its Hyatt Corp. hotel company to the public and break up the rest of its $15-billion empire to settle a financial dispute among family members, said a person familiar with the situation. The Pritzkers decided last year to divide its investments after some family members threatened lawsuits over control of Hyatt's vast holdings, the person said.
ARTICLES BY DATE
BUSINESS
January 7, 2005 | From Associated Press
The Pritzker family, whose holdings include the Hyatt hotel chain, has settled a lawsuit brought by two heirs who claimed that relatives looted their trust funds and unfairly cut them out of a plan to carve up the family fortune, the family's lawyers announced. Liesel Pritzker, 20, and Matthew Pritzker, 22, had sought about $2 billion in compensation for what they claimed had been taken from their trusts. Their lawyers did not disclose the terms of the settlement.
Advertisement
BUSINESS
January 7, 2005 | From Associated Press
The Pritzker family, whose holdings include the Hyatt hotel chain, has settled a lawsuit brought by two heirs who claimed that relatives looted their trust funds and unfairly cut them out of a plan to carve up the family fortune, the family's lawyers announced. Liesel Pritzker, 20, and Matthew Pritzker, 22, had sought about $2 billion in compensation for what they claimed had been taken from their trusts. Their lawyers did not disclose the terms of the settlement.
BUSINESS
May 2, 2003 | From Bloomberg News
Matthew and Liesel Pritzker, a brother and sister who separately accused members of the family that founded Hyatt Corp. of cheating them of their inheritance, may proceed together in a single lawsuit, a judge ruled in Chicago. Matthew, 20, and Liesel, 19, contend that their father, Robert Pritzker, and 11 other family members violated their obligations to safeguard trust funds for the siblings. Each alleges a loss of $1 billion. Liesel filed her suit in November, and Matthew filed his this week.
BUSINESS
September 5, 1990 | TOM FURLONG, TIMES STAFF WRITER
Chicago's billionaire Pritzker family and Electronic Data Systems, the computer services firm now owned by General Motors, said Tuesday that they plan to join forces to buy the parent company of Los Angeles-based Ticor Title Insurance. Though the purchase price was not disclosed, a source close to the sale indicated that it was between $100 million and $125 million.
BUSINESS
October 11, 1986 | NANCY RIVERA BROOKS, Times Staff Writer
The patriarch of the super-rich Pritzker family of Chicago reportedly once proclaimed: "On Saturdays, a good Catholic goes to confession. I go to the First (National Bank) of Chicago." A. N. Pritzker, who died last February at age 90, started buying real estate in the 1930s and built a diversified empire with the help of his sons Jay and Robert, who have built their own reputations as turnaround specialists.
BUSINESS
September 18, 1996 | Times Staff and Wire Reports
Interactive Flight, Pritzker Family Form Alliance: The Las Vegas- based producer of entertainment for airline passengers said it plans a marketing alliance with the Pritzker family of Chicago, owners of the closely held Hyatt Corp. The Pritzkers will invest as much as $20 million to help sell the products to airlines. The options include gambling, movies on demand and children's games.
BUSINESS
October 3, 1989 | David Olmos, Times staff writer
A group led by the Pritzker family of Chicago has cuts its stake in Gradco Systems Inc. of Irvine from 7.1% to 4.5%, according to a filing with the Securities and Exchange Commission. Gradco, an Irvine manufacturer of sorters and collators for office copiers, said it sold 171,500 Gradco shares between July 28 and Sept. 27 at prices between $16.19 and $16.87 per share. The Pritzker family now owns 288,200 shares, the filing shows.
BUSINESS
October 8, 1993 | From Times Staff and Wire Reports
Pritzker Said Ready to Invest in America West: A group of investors headed by Chicago's wealthy Pritzker family will submit a reorganization plan for the airline before the end of the year, said a person familiar with the group's plans. A U.S. Bankruptcy Court in Phoenix on Wednesday approved America West Airlines Inc.'s request to pay AWA Partners $250,000 in expenses incurred while exploring the possibility of investing at least $150 million in the airline. America West asked the court Sept.
CALIFORNIA | LOCAL
March 16, 2003 | Carol Pogash, Special to The Times
Although Susan and Nicholas Pritzker purchased their $2.5-million ranch several years ago, it was not until they disclosed plans to build a 10-structure family compound totaling 54,000 square feet that residents learned of the renowned hotelier's desire to go rural -- very rural. An hour's drive north of San Francisco, Nicasio's population of 589 could fit into just one of the Pritzker family's 212 Hyatt hotels.
BUSINESS
December 12, 2002 | From Bloomberg News
Chicago's Pritzker family may sell shares in its Hyatt Corp. hotel company to the public and break up the rest of its $15-billion empire to settle a financial dispute among family members, said a person familiar with the situation. The Pritzkers decided last year to divide its investments after some family members threatened lawsuits over control of Hyatt's vast holdings, the person said.
BUSINESS
December 11, 2001 | E. SCOTT RECKARD, TIMES STAFF WRITER
In the biggest settlement ever extracted from owners of a failed savings and loan, the billionaire Pritzker family and its partner have agreed to pay federal regulators $460 million to help cover losses at an Illinois thrift that collapsed this summer after losing millions of dollars on high-risk loans. The agreement, announced Monday, resolves claims brought by the Federal Deposit Insurance Corp. against Superior Bank of Hinsdale, Ill., which in July became the largest U.S.
BUSINESS
September 18, 1996 | Times Staff and Wire Reports
Interactive Flight, Pritzker Family Form Alliance: The Las Vegas- based producer of entertainment for airline passengers said it plans a marketing alliance with the Pritzker family of Chicago, owners of the closely held Hyatt Corp. The Pritzkers will invest as much as $20 million to help sell the products to airlines. The options include gambling, movies on demand and children's games.
BUSINESS
October 8, 1993 | From Times Staff and Wire Reports
Pritzker Said Ready to Invest in America West: A group of investors headed by Chicago's wealthy Pritzker family will submit a reorganization plan for the airline before the end of the year, said a person familiar with the group's plans. A U.S. Bankruptcy Court in Phoenix on Wednesday approved America West Airlines Inc.'s request to pay AWA Partners $250,000 in expenses incurred while exploring the possibility of investing at least $150 million in the airline. America West asked the court Sept.
BUSINESS
September 5, 1990 | TOM FURLONG, TIMES STAFF WRITER
Chicago's billionaire Pritzker family and Electronic Data Systems, the computer services firm now owned by General Motors, said Tuesday that they plan to join forces to buy the parent company of Los Angeles-based Ticor Title Insurance. Though the purchase price was not disclosed, a source close to the sale indicated that it was between $100 million and $125 million.
BUSINESS
May 2, 2003 | From Bloomberg News
Matthew and Liesel Pritzker, a brother and sister who separately accused members of the family that founded Hyatt Corp. of cheating them of their inheritance, may proceed together in a single lawsuit, a judge ruled in Chicago. Matthew, 20, and Liesel, 19, contend that their father, Robert Pritzker, and 11 other family members violated their obligations to safeguard trust funds for the siblings. Each alleges a loss of $1 billion. Liesel filed her suit in November, and Matthew filed his this week.
CALIFORNIA | LOCAL
March 16, 2003 | Carol Pogash, Special to The Times
Although Susan and Nicholas Pritzker purchased their $2.5-million ranch several years ago, it was not until they disclosed plans to build a 10-structure family compound totaling 54,000 square feet that residents learned of the renowned hotelier's desire to go rural -- very rural. An hour's drive north of San Francisco, Nicasio's population of 589 could fit into just one of the Pritzker family's 212 Hyatt hotels.
BUSINESS
October 3, 1989 | David Olmos, Times staff writer
A group led by the Pritzker family of Chicago has cuts its stake in Gradco Systems Inc. of Irvine from 7.1% to 4.5%, according to a filing with the Securities and Exchange Commission. Gradco, an Irvine manufacturer of sorters and collators for office copiers, said it sold 171,500 Gradco shares between July 28 and Sept. 27 at prices between $16.19 and $16.87 per share. The Pritzker family now owns 288,200 shares, the filing shows.
Los Angeles Times Articles
|