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Ronald Perelman

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BUSINESS
July 15, 2005 | From Bloomberg News
Billionaire financier Ronald Perelman lost an appeal of a lawsuit that accused him of diverting $553.5 million in notes issued by Marvel Entertainment Co. when he was its controlling shareholder. He now faces the prospect of a trial. Marvel, the world's largest comic book company before it filed for bankruptcy protection in 1996, publishes Spider-Man, X-Men and the Incredible Hulk comics.
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BUSINESS
June 13, 2013 | By Tiffany Hsu
Cosmetics giant Revlon Inc. is facing a $850,000 fine from the Securities and Exchange Commission, which alleges the company misled investors as it tried to tackle its debt. Without admitting or denying fault, the New York company agreed to settle federal government charges accusing it of withholding information during a going-private transaction with its controlling shareholder, MacAndrews & Forbes Holdings Inc. M&F, which owns more than three quarters of Revlon's shares and is led by billionaire Ronald Perelman, asked the company in 2009 to allow minority shareholders to swap their common shares for preferred stock.
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BUSINESS
August 11, 1991 | JOYCE M. ROSENBERG, ASSOCIATED PRESS
If the 1980s buyout boom was a binge for takeover strategists and corporate raiders, the 1990s are turning out to be a sober morning-after for some. Ronald Perelman has been forced to sell assets and restructure finances at Revlon Inc. Carl Icahn and T. Boone Pickens, who also made acquisitions that burdened their companies with debt, have had to take similar steps. Some observers say these notorious deal-makers may not have cut such good deals after all.
OPINION
February 12, 2013 | By Crispin Sartwell
One of the biggest problems in our politics is that people don't think for themselves. We let radio and television hosts, pundits and politicians tell us what to believe. And one of the biggest problems in our arts is that people don't enjoy for themselves. We let museum curators, gallery owners, critics and professors tell us what to feel. A recent battle in the art world illustrates the point. The billionaire Ronald Perelman is suing the multimillionaire art dealer Larry Gagosian on the grounds, among others, that Gagosian overvalued an unfinished sculpture of Popeye (yes, the Sailor Man)
BUSINESS
May 14, 2002 | Bloomberg News
A judge rejected billionaire Ronald Perelman's proposed $14.75-million settlement of investor lawsuits over the sale of his stake in movie camera maker Panavision Inc. Delaware Chancery Court Judge Leo Strine ruled that the agreement shortchanged investors in Perelman-controlled licorice maker M&F Worldwide Corp. M&F's board bought Perelman's Panavision shares for $128 million in April 2001. Strine said the amount of the settlement wasn't enough to justify dropping the suits.
BUSINESS
July 19, 1995 | Times Staff and Wire Reports
Billionaire, Former Aide Settle Dispute: Ronald Perelman reached a surprise settlement with former Chief Financial Officer Fred Tepperman, who said Perelman fired him because he had spent too much time with his ailing wife, court officials said. Perelman countersued, charging Tepperman with breach of contract and accusing him of refusing to return company credit cards and a Mercedes-Benz, among other items. Details of the settlement were sealed by Westchester County, N.Y.
BUSINESS
May 3, 1989 | From Reuters
Cosmetics giant Avon Products Inc. today disclosed that corporate raider Irwin Jacobs and door-to-door home products seller Amway Corp. together bought 10% of its stock, but Avon said it is not for sale. Avon stock jumped $4.875 to $37 in initial trading after the news was announced. Avon refused any further comment on widely circulated market rumors that Jacobs and Amway have made a buyout proposal. The company said only that it "has been notified" that the partnership owns their stock, but Avon would not say who approached the company.
BUSINESS
March 20, 1998 | From Bloomberg News
Aames Financial Corp. said financier Ronald Perelman and thrift executive Gerald Ford will buy a 9.9% stake in the consumer finance company for about $38 million, possibly signaling an eventual move to buy the company. Perelman and Ford, his partner in California Federal Bank, have agreed to buy 2.78 million newly issued Aames shares for $13.76 a share, Aames said. Ford and Howard Gittis, Perelman's lieutenant at his holding company, MacAndrews & Forbes Holdings Inc.
BUSINESS
June 13, 2013 | By Tiffany Hsu
Cosmetics giant Revlon Inc. is facing a $850,000 fine from the Securities and Exchange Commission, which alleges the company misled investors as it tried to tackle its debt. Without admitting or denying fault, the New York company agreed to settle federal government charges accusing it of withholding information during a going-private transaction with its controlling shareholder, MacAndrews & Forbes Holdings Inc. M&F, which owns more than three quarters of Revlon's shares and is led by billionaire Ronald Perelman, asked the company in 2009 to allow minority shareholders to swap their common shares for preferred stock.
BUSINESS
January 26, 2003 | James F. Peltz, Times Staff Writer
Billionaire dealmaker Ronald O. Perelman hit one of his first home runs by buying and later selling Technicolor Inc., the venerable movie film processor, for a fat profit in the 1980s. He pulled off a similar feat a decade later with the television-production firm New World Communications Group. Now Perelman is trying to score again in Hollywood with Panavision Inc., the dominant provider of cameras for shooting movies and TV shows.
BUSINESS
June 20, 2009 | Richard Verrier
Panavision Inc., the longtime supplier of motion picture camera equipment, has replaced Chief Executive William M. Campbell -- after just 10 weeks on the job. The Woodland Hills company, controlled by investor Ronald O. Perelman, said in a statement that William C. Bevins, a longtime associate of Perelman's, had replaced Campbell, the former president of Discovery Networks USA who also had been an executive at ABC, CBS and Warner Bros. Television.
BUSINESS
July 15, 2005 | From Bloomberg News
Billionaire financier Ronald Perelman lost an appeal of a lawsuit that accused him of diverting $553.5 million in notes issued by Marvel Entertainment Co. when he was its controlling shareholder. He now faces the prospect of a trial. Marvel, the world's largest comic book company before it filed for bankruptcy protection in 1996, publishes Spider-Man, X-Men and the Incredible Hulk comics.
BUSINESS
January 26, 2003 | James F. Peltz, Times Staff Writer
Billionaire dealmaker Ronald O. Perelman hit one of his first home runs by buying and later selling Technicolor Inc., the venerable movie film processor, for a fat profit in the 1980s. He pulled off a similar feat a decade later with the television-production firm New World Communications Group. Now Perelman is trying to score again in Hollywood with Panavision Inc., the dominant provider of cameras for shooting movies and TV shows.
BUSINESS
May 14, 2002 | Bloomberg News
A judge rejected billionaire Ronald Perelman's proposed $14.75-million settlement of investor lawsuits over the sale of his stake in movie camera maker Panavision Inc. Delaware Chancery Court Judge Leo Strine ruled that the agreement shortchanged investors in Perelman-controlled licorice maker M&F Worldwide Corp. M&F's board bought Perelman's Panavision shares for $128 million in April 2001. Strine said the amount of the settlement wasn't enough to justify dropping the suits.
BUSINESS
May 30, 1999 | JEFFREY GETTLEMAN, TIMES STAFF WRITER
Nine out of 10 Hollywood blockbusters end with the same three words: "Filmed in Panavision." In the 40 years since Panavision lenses were first affixed to movie cameras, the Woodland Hills-based company has become the tool of choice for top filmmakers worldwide. Its inventory of precision equipment is unrivaled. Its brand strength remains essentially unchallenged. But over the last year, Panavision Inc. hasn't performed like an industry leader. Quarter by quarter, it continues to lose money.
BUSINESS
March 20, 1998 | From Bloomberg News
Aames Financial Corp. said financier Ronald Perelman and thrift executive Gerald Ford will buy a 9.9% stake in the consumer finance company for about $38 million, possibly signaling an eventual move to buy the company. Perelman and Ford, his partner in California Federal Bank, have agreed to buy 2.78 million newly issued Aames shares for $13.76 a share, Aames said. Ford and Howard Gittis, Perelman's lieutenant at his holding company, MacAndrews & Forbes Holdings Inc.
BUSINESS
May 22, 1997 | From Reuters
Bondholders of Marvel Holdings Inc. said Wednesday that they reached an agreement with Toy Biz Inc. on a plan to restructure Marvel Entertainment Group Inc. and lead the publisher of Spider-Man and the Incredible Hulk out of bankruptcy. The agreement, which comes one day after Toy Biz withdrew from a previous plan drafted by Marvel, could resolve the six-month struggle between Ronald Perelman and Carl Icahn for Marvel, money managers and traders said.
OPINION
February 12, 2013 | By Crispin Sartwell
One of the biggest problems in our politics is that people don't think for themselves. We let radio and television hosts, pundits and politicians tell us what to believe. And one of the biggest problems in our arts is that people don't enjoy for themselves. We let museum curators, gallery owners, critics and professors tell us what to feel. A recent battle in the art world illustrates the point. The billionaire Ronald Perelman is suing the multimillionaire art dealer Larry Gagosian on the grounds, among others, that Gagosian overvalued an unfinished sculpture of Popeye (yes, the Sailor Man)
BUSINESS
May 22, 1997 | From Reuters
Bondholders of Marvel Holdings Inc. said Wednesday that they reached an agreement with Toy Biz Inc. on a plan to restructure Marvel Entertainment Group Inc. and lead the publisher of Spider-Man and the Incredible Hulk out of bankruptcy. The agreement, which comes one day after Toy Biz withdrew from a previous plan drafted by Marvel, could resolve the six-month struggle between Ronald Perelman and Carl Icahn for Marvel, money managers and traders said.
BUSINESS
July 19, 1995 | Times Staff and Wire Reports
Billionaire, Former Aide Settle Dispute: Ronald Perelman reached a surprise settlement with former Chief Financial Officer Fred Tepperman, who said Perelman fired him because he had spent too much time with his ailing wife, court officials said. Perelman countersued, charging Tepperman with breach of contract and accusing him of refusing to return company credit cards and a Mercedes-Benz, among other items. Details of the settlement were sealed by Westchester County, N.Y.
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