November 9, 1985 |
The way was cleared Friday for dissident shareholder Jona Goldrich, a wealthy Los Angeles real estate developer, to mount another challenge for a seat on the board of directors of Western Federal Savings & Loan Assn. Goldrich received enough votes for a directorship at Western Federal's annual meeting 13 months ago, but the nomination was declared invalid after the Marina del Rey-based S&L said that he and two other investors had misstated the size of their stock holdings.
September 5, 1987 |
A spokesman for Kirk Kerkorian said Friday that the Los Angeles financier is considering an investment in Pan American World Airways but that it is "premature" to say if it could give him control of the struggling carrier. Terry Christensen, president of Tracinda Corp., Kerkorian's private holding company, also said in response to questions that a Tracinda subsidiary has an "exclusive" right to examine Pan Am for a certain unspecified time.
February 23, 1996 |
Giant Group Ltd. escalated its war of words Thursday against Fidelity National Financial Inc., issuing a fiery letter that flatly rejects the Irvine title company's unsolicited takeover bid. Giant Group's decision came a week after Fidelity National offered $49 million in stock for outstanding shares of the Beverly Hills company, which owns a 47% stake in the Rally's hamburger chain. Fidelity National Chairman William P.
CALIFORNIA | LOCAL
December 22, 1999 |
A San Bernardino County judge dismissed fraud charges Tuesday against former KCBS news anchor Larry Carroll at the end of a 10-week trial, declaring that "in the interest of justice" the evidence of the former newsman's innocence far outweighed his guilt. Superior Court Judge J. Michael Welch also declared a mistrial in the case of Carroll's co-defendant, Ronald Long. "I've been anticipating this moment since Feb. 8," said Carroll, referring to the day of his indictment this year.
July 9, 2004 |
Global Crossing Ltd. founder Gary Winnick averted a $116-million verdict by settling a breach-of-contract lawsuit brought by a former business partner moments before that decision would have become official, according to jurors in the four-week civil trial held in Los Angeles County Superior Court.
August 3, 1990 |
The prominent Los Angeles law firm of Wyman Bautzer Kuchel & Silbert has won a major victory over a group of former partners who left in 1988 and took some of the company's biggest clients with them. Retired temporary Los Angeles Superior Court Judge Lester E. Olson ruled Monday that partners of Wyman Bautzer--then known as Wyman Bautzer Christensen Kuchel & Silbert--did not force out the group of 12 partners, who were led by a former colleague, Terry N. Christensen.
October 10, 1990 |
MGM/UA majority shareholder Kirk Kerkorian and his Tracinda Corp. have agreed to pay $35 million to settle a class-action suit filed in connection with the 1986 sale of the company. The settlement, which came as the reclusive Kerkorian was scheduled to take the stand in the 1-week-old trial, was tentatively approved by Los Angeles Superior Court Judge R. William Schoettler Jr. on Tuesday, after both sides expressed support for the agreement.
August 21, 1985 |
Great Western Financial Corp. has filed suit against Citadel Holding Corp., claiming that Citadel broke a merger agreement between the two California savings and loan companies. The suit appeared to signal that the problem-plagued merger had hit a fatal snag. Just a month ago, Citadel executives indicated that the deal was still alive but stalled by the company's inability to get an investment banking firm's unqualified opinion supporting the merger.
July 20, 1985 |
Great Western Financial Corp.'s planned $109-million acquisition of Citadel Holding Corp. has been put on hold by an investment banking firm's refusal to issue an unqualified opinion supporting the deal, Citadel officials said Friday. "It's not canceled, but it's at a standstill until something happens. Something's got to give," said Spencer Scott, chairman of Citadel, parent of Glendale-based Fidelity Federal Savings & Loan Assn.
October 15, 1987 |
Labor unions at troubled Pan American World Airways are leaning toward Beverly Hills millionaire Kirk Kerkorian as the savior of the airline, a top union official said Wednesday. "We said to ourselves, 'We have a better chance of having our jobs in five years with Kerkorian's plan than we would by staying with the current management,' " said the official, who asked that he not be identified by name. "I don't think that people realize what terrible financial shape Pan Am is in."