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BUSINESS
July 22, 1987 | WILLIAM K. KNOEDELSEDER JR., Times Staff Writer
An often-bitter, 16-month legal battle between MCA Records and a distributor of budget records ended Tuesday, when a U.S. District Court jury in Los Angeles ruled that MCA was not responsible for losses suffered by Scorpio Music as a result of a 1984 purchase of so-called cutout recordings from MCA. "We feel it was a just verdict, well supported by the facts," said Dennis Kinnaird, a lawyer with the firm of Munger, Tolles & Olson, which represented MCA.
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BUSINESS
April 8, 1988 | WILLIAM K. KNOEDELSEDER Jr., Times Staff Writer
The defense began presenting its case Thursday in the tax evasion trial of reputed mobster Salvatore Pisello with two record industry veterans testifying about the sometimes-murky world of "cutout," or discontinued, record sales. Pisello is charged with evading taxes on about $450,000 in unreported income for the years 1983 to 1985. Some of that alleged unreported income came from two cutout record sales that Pisello negotiated in 1984, apparently on behalf of MCA Records.
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BUSINESS
April 8, 1988 | WILLIAM K. KNOEDELSEDER Jr., Times Staff Writer
The defense began presenting its case Thursday in the tax evasion trial of reputed mobster Salvatore Pisello with two record industry veterans testifying about the sometimes-murky world of "cutout," or discontinued, record sales. Pisello is charged with evading taxes on about $450,000 in unreported income for the years 1983 to 1985. Some of that alleged unreported income came from two cutout record sales that Pisello negotiated in 1984, apparently on behalf of MCA Records.
BUSINESS
April 1, 1988 | WILLIAM K. KNOEDELSEDER Jr., Times Staff Writer
A witness in the tax evasion trial of reputed mobster Salvatore Pisello testified Thursday in U.S. District Court in Los Angeles that he made a series of unusual cash payments to Pisello in 1984 and 1985 as down payments on the purchase of about 1.5 million so-called cutout recordings from MCA Records.
BUSINESS
April 1, 1988 | WILLIAM K. KNOEDELSEDER Jr., Times Staff Writer
A witness in the tax evasion trial of reputed mobster Salvatore Pisello testified Thursday in U.S. District Court in Los Angeles that he made a series of unusual cash payments to Pisello in 1984 and 1985 as down payments on the purchase of about 1.5 million so-called cutout recordings from MCA Records.
BUSINESS
March 21, 1986 | Wm. KNOEDELSEDER Jr., Times Staff Writer
A New Jersey distributor of so-called cut-out records filed a lawsuit in U.S. District Court in Philadelphia on Thursday, claiming that it had been defrauded by MCA Records in a racketeering scheme.
BUSINESS
July 22, 1987 | WILLIAM K. KNOEDELSEDER JR., Times Staff Writer
An often-bitter, 16-month legal battle between MCA Records and a distributor of budget records ended Tuesday, when a U.S. District Court jury in Los Angeles ruled that MCA was not responsible for losses suffered by Scorpio Music as a result of a 1984 purchase of so-called cutout recordings from MCA. "We feel it was a just verdict, well supported by the facts," said Dennis Kinnaird, a lawyer with the firm of Munger, Tolles & Olson, which represented MCA.
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