CALIFORNIA | LOCAL
January 19, 2000 |
Three retired Carpenters Union members have filed a lawsuit in federal court alleging that the trustees and a prominent financial advisor to their union's nearly $2-billion Southern California pension fund have "engaged in improper self-dealing" by investing pension money in businesses in which they have "direct and substantial" financial interests. The first trustee named in the lawsuit is Ronald N. Tutor, president of Tutor-Saliba Corp., one of the state's biggest construction firms.
October 11, 1990 |
The Securities and Exchange Commission may censure a company whose largest shareholder is Richard C. Blum, the husband of Democratic gubernatorial nominee Dianne Feinstein, but the agency has no reason to cite Blum personally, according to Blum's lawyer. The company, San Francisco-based URS Corp., disclosed in a quarterly financial statement last month that it was being investigated by the SEC. "They (the SEC) may bring a proceeding about the company," Blum's lawyer, Michael R.
January 15, 1991 |
National Education Corp. said Monday that the San Francisco investment firm headed by wealthy investor Richard Blum has tentatively agreed to loan the struggling company $20 million. Richard C. Blum & Associates and its clients intend to purchase $20 million in debentures in order to help reduce NEC's $54.5 million in bank debt. The debt securities, which will pay Blum 9.1% interest over a 15-year period, can be converted to NEC stock at $4 a share.
CALIFORNIA | LOCAL
January 17, 2014
Tackling the long-standing and upcoming vacancies on the University of California regents board, Gov. Jerry Brown on Friday reappointed two veterans and brought back another whose term expired last year. In addition, the governor proposed adding Richard Sherman, a Hollywood financial expert who heads investments for David Geffen, the entertainment mogul and major UC donor. The regents board has five vacancies and two more 12-year terms that will expire soon. Some UC administrators have expressed concerns that the unusual number of empty seats, one dating to 2011, was beginning to affect operations of the board that oversees the 10 UC campuses.
CALIFORNIA | LOCAL
November 9, 2001 |
Richard C. Blum, husband of Sen. Dianne Feinstein, has been appointed honorary consul general of the new Mongolian Honorary Consulate General here. Blum said his nomination came as a result of his interest in the Himalayan region. Blum is founder of the American Himalayan Foundation and also serves as honorary consul to the Kingdom of Nepal. The main goal of the position is to promote bilateral relations between Mongolia and the United States.
October 4, 1997 |
Kinetic Concepts Inc. agreed to sell most of the company to two San Francisco investor firms in a deal worth $850 million to $875 million, allowing founder and Chairman James Leininger to cut his stake in the company. Kinetic Concepts, based in San Antonio, makes and rents therapeutic beds for patients who are paralyzed or suffer from serious illnesses. The agreement calls for Richard C. Blum & Associates and Fremont Partners to pay $19.25 a share, or 3.
April 22, 1999 |
A group including Richard C. Blum & Associates Inc. has reduced its stake in Apria Healthcare Group Inc., the Costa Mesa provider of home health care, to 6.2%. In a filing Tuesday with the Securities and Exchange Commission, the group said it sold 2.2 million common shares of Apria between April 1 and April 16 at prices ranging from $11.97 to $13.54 a share. The Blum group, which currently holds 3.23 million Apria shares, also reported that it has agreed to sell 3.
February 23, 1990
A group of investors has raised its stake in Irvine-based National Education Corp. Richard C. Blum, a San Francisco investment manager, and several others purchased 273,180 shares in the vocational and industrial training school company, bringing their total investment to 4.2%, or 1.2 million common shares. The group bought the shares between Feb. 5 and Feb. 20 for $4.93 to $5 each, according to a Securities and Exchange Commission filing.
May 22, 2003 |
Privately held air cargo shipper DHL Airways said a group of U.S. investors led by its chairman would buy all of the company's outstanding shares to help quell concerns over its ownership. Chairman and Chief Executive John Dasburg, along with Richard C. Blum of San Francisco's Blum Capital Partners and other U.S. investors, will buy the DHL Airways shares Dasburg does not already own from Idaho investor William Robinson and from DHL Holdings for $57 million. Dasburg now has a 5% stake.