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Reorganization

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CALIFORNIA | LOCAL
May 29, 2013 | By Dalina Castellanos
More than half of the teachers and staff at Crenshaw High School, including two teachers union representatives, are being displaced by a campus reorganization process ordered by L.A. Supt. John Deasy earlier this year. In January, the school board endorsed Deasy's plan to remake the traditional high school into three magnets and require teachers to reapply for their jobs. The move came after years of high dropout rates and low student test scores. Student action clubs conducted a survey on campus after the board's vote and presented its results at a meeting this week.
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ENTERTAINMENT
March 13, 2014 | By Martin Tsai
"Tiger & Bunny the Movie: The Rising" puts such a radical spin on superhero comics that it almost reads as satire. The film boasts a Justice League of its own, but one reminiscent of a professional sports league complete with stars, duds, corporate sponsors, a farm system and even an ancillary television network that literally keeps score on these avengers. To recap for the "Tiger & Bunny" uninitiated, the film follows a short-lived anime television series and a 2012 movie ("The Beginning")
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ENTERTAINMENT
November 19, 2012 | By David Ng
The financially troubled Reprise Theatre Company says it has hired Stephen Eich, an L.A. theater veteran, to help lead its efforts to reorganize during its self-imposed hiatus.  The company is hoping to relaunch sometime in the summer of 2013, said actor Jason Alexander, who is Reprise's artistic director. In February, Reprise announced that it was suspending its mainstage productions due to weak projected ticket sales and a dismal financial outlook. The company, founded in 1997, has produced revivals of popular and lesser-known stage musicals at UCLA's Freud Playhouse.  Eich has come on board as a consulting producer with the hope that he will join the company on a permanent basis, Alexander said.
HOME & GARDEN
March 1, 2014 | CHRIS ERSKINE
My buddy Glickman brags about these dates he has with his adult kids about once a month. They keep in touch by seeing each other for brunch or a movie. I like the idea. It's a way of keeping up with our very busy sons and daughters. As the adage goes: Keep your enemies close and your children closer. "And when we're done with the hike," the lovely and patient older daughter says, "maybe you can help me organize my closet. " Classic bait and switch. Glickman never mentioned that part.
BUSINESS
September 21, 1997
The bonuses paid in the bankruptcy reorganization to Don Koll and the officers of the Koll Real Estate Group totaling over $750,000 are appalling. "Golden parachutes" to reward officers who created the financial disaster that made the reorganization necessary to the survival of the company is simply absurd. This should be a prime target for a shareholders' class-action suit. The self-serving actions of the Koll Real Estate Co. should be stopped. JACK O. VANCE Huntington Beach
NEWS
August 24, 1986 | United Press International
Morton Thiokol Inc. on Saturday announced the elimination of 11 positions at its Wasatch Operations as the company reorganizes its space, strategic and tactical divisions. The reorganization follows a presidential commission report that blamed a rupture in a Thiokol-made rocket booster for the explosion of the shuttle Challenger last Jan. 28. Thiokol has since created a permanent engineering staff in its space division.
BUSINESS
April 22, 1985
The worldwide freight forwarding concern filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code, said Timothy Vineyard, a Dallas lawyer representing Behring. "It just became necessary to seek relief," he said. Vineyard said Behring owes money to a number of creditors but declined to specify a dollar figure for debts outstanding. The creditors include at least 20 companies, including more than a dozen airlines and several steamship companies in countries scattered around the world.
BUSINESS
July 1, 1986
In Houston, U.S. Bankruptcy Judge T. Glover Roberts approved the plan that will allow the carrier to emerge from bankruptcy in 60 days. The plan calls for Houston-based Continental to pay $115.4 million to about 30 banks holding unsecured claims and pay $50.6 million in employee claims. Continental also will pay American Airlines $50,000. Other payments include $23.7 million to Swissair.
BUSINESS
January 15, 1985
In its federal court plan, the firm said it would pay the company's creditors in full, including the immediate payment of $85 million. The proposal, filed Monday with U.S. Bankruptcy Judge R. F. Wheless Jr., calls for Continental to pay its secured and unsecured debts within 13 years. Under the proposal, Continental would pay off its secured debts within 10 years and unsecured debts within 12 to 13 years.
BUSINESS
January 26, 2008 | From Times Staff and Wire Reports
Movie Gallery Inc., the video-rental chain that filed for Bankruptcy Court protection three months ago amid competition from Blockbuster Inc. and Netflix Inc., won more time to seek creditor approval of its exit plan. U.S. Bankruptcy Judge Douglas Tice Jr. in Richmond, Va., extended the deadline by four months to Aug. 13, according to court papers. Without the extension, other parties in the case could submit rival plans for restructuring more than $1 billion in debt. Movie Gallery, based in Dothan, Ala., said its key creditors agreed to support the reorganization plan the company filed in December.
ENTERTAINMENT
July 31, 2013 | By Nardine Saad
Rapper DMX, who has been in and out of jail after a slew of arrests over the past few years, has filed for Chapter 11 bankruptcy protection due to years of "financial strains" and "poor financial management. " The "Ruff Ryders Anthem" and "Party (Up In Here)" rapper, 42, whose real name is Earl Simmons, made the announcement Monday following an arrest in South Carolina last week.  "DMX's financial strains have been inhibiting his career for several years," said a statement from his publicist, Domenick Nati.
ENTERTAINMENT
June 25, 2013 | By David Ng
It's officially curtains for Reprise, the Los Angeles theater company founded in 1997 that has brought numerous musical revival productions to the Freud Stage at UCLA. The company, which has been on hiatus since early 2012, cited its inability to raise funds for the decision to permanently shut down. Reprise sent an email to subscribers this week notifying them that the company is ceasing operations. "We spent the past sixteen months on hiatus to explore different sources of funding, possible new venues, and the potential of expanding our programming," the email said.
CALIFORNIA | LOCAL
May 31, 2013 | By Dalina Castellanos, Los Angeles Times
More than half of the teachers and staff at Crenshaw High School, including two teachers union representatives, are being displaced by a campus reorganization process ordered by L.A. Unified Supt. John Deasy. The school board in January endorsed Deasy's plan to remake the traditional high school into three magnets and require teachers to reapply for their jobs. The move came after years of high dropout rates and low student test scores at the school. Student action clubs disseminated a survey on campus after the board's vote and presented its results at a meeting this week.
CALIFORNIA | LOCAL
May 29, 2013 | By Dalina Castellanos
More than half of the teachers and staff at Crenshaw High School, including two teachers union representatives, are being displaced by a campus reorganization process ordered by L.A. Supt. John Deasy earlier this year. In January, the school board endorsed Deasy's plan to remake the traditional high school into three magnets and require teachers to reapply for their jobs. The move came after years of high dropout rates and low student test scores. Student action clubs conducted a survey on campus after the board's vote and presented its results at a meeting this week.
CALIFORNIA | LOCAL
May 18, 2013 | By Lee Romney, Los Angeles Times
OAKLAND - It was a quiet evening by this city's standards, and still the police emergency lines were lighting up. As screams rang out behind her, a caller said her neighbor was being beaten. A woman reported that a front door down the street had been bashed in by a possible intruder. Another said a family member with a knife and supply of methamphetamine was threatening to kill herself. By 7:30 p.m. there were 40 calls requiring squad cars on the eastern half of town but no officers available to respond.
ENTERTAINMENT
April 19, 2013 | By Scott Collins
Times are tough for KCET-TV. The former PBS outlet announced Friday that it would lay off 22 employees, or nearly one-fifth of its staff, as it completes a merger with the Bay Area satellite provider Link Media. Now called KCETLink, the Burbank-based nonprofit entity is scrambling to reposition itself as a "transmedia" company that provides content to mobile devices and other platforms as well as televisions. The company has hired a well known PR firm, Rogers & Cowan, to help manage its image during the transition.  PHOTOS: Hollywood Backlot moments The harsh belt-tightening has been dictated by poor financial results.
CALIFORNIA | LOCAL
May 31, 2013 | By Dalina Castellanos, Los Angeles Times
More than half of the teachers and staff at Crenshaw High School, including two teachers union representatives, are being displaced by a campus reorganization process ordered by L.A. Unified Supt. John Deasy. The school board in January endorsed Deasy's plan to remake the traditional high school into three magnets and require teachers to reapply for their jobs. The move came after years of high dropout rates and low student test scores at the school. Student action clubs disseminated a survey on campus after the board's vote and presented its results at a meeting this week.
BUSINESS
January 9, 1985
The Fort Lauderdale, Fla.-based airline continued scaled-down operations with three of its jets after filing for reorganization under the U.S. Bankruptcy Code. The cutback in service, to seven cities from 12, left hundreds of passengers stranded. Others who booked flights before the filing were stuck with tickets that Northeastern International Airways refused to accept. The 3-year-old company said it had about $28 million in assets and about $48 million in liabilities.
BUSINESS
March 29, 2013
Assume you are the chief executive of a multinational company confronted with the challenge of doing business in China, India and other emerging markets - and with competing against emerging market-based rivals. How do you respond? Do you reorganize your company from the top to bottom? Or do you take a gradual approach, focusing more resources on the developing world to reshape the company without upheaval? In his latest book published by Crown Business, "Global Tilt: Leading Your Business Through the Great Economic Power Shift," business guru Ram Charan recommends the gradual route.
HOME & GARDEN
March 23, 2013 | Janet Mitsui Brown, Janet Mitsui Brown is a feng shui practitioner in Los Angeles
In feng shui, there's discussion about destiny. I never understood what it was until I truly got to know Roger. We were in our 30s that summer. I was working with actors at a small theater in East Hollywood, and he was an actor on "Days of Our Lives. " I'm Japanese American, and he is African American. But the bigger difference was where we lived: I was in an apartment above a garage in Los Feliz, and Roger lived in Venice, a few blocks from the beach. That summer it was hot -- so hot that I needed to be out of Los Feliz and its oppressive heat.
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