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."
CALIFORNIA | LOCAL
December 22, 2007 |
In a setback for the defense, a federal judge Friday rejected a string of allegations by indicted private eye Anthony Pellicano and his co-defendants that the government's wiretapping and racketeering investigation was replete with misconduct. Issuing six separate rulings, U.S. District Judge Dale S. Fischer denied defense motions to suppress evidence in the long-running case, as well as a request to throw out the sweeping indictment against Pellicano and five co-defendants.
May 3, 1994 |
The city of Los Angeles could reduce by nearly a third the $140.5 million it pays annually to settle lawsuits and workers' compensation claims if it handled the cases more like private businesses and some other public agencies, a private task force said Monday. Los Angeles suffers a much higher rate of claims for workers' injuries than other cities and counties and does insufficient investigation before paying most of the demands, the task force concluded.
November 28, 2000 |
DaimlerChrysler's troubles over its U.S. subsidiary deepened Monday as Kirk Kerkorian, the company's third-largest shareholder, filed a $9-billion securities fraud suit against the German auto maker and its top managers, accusing them of lying about their intent in acquiring Chrysler Corp. in 1998. The suit by Kerkorian's Los Angeles-based Tracinda Corp., filed Monday in U.S.
CALIFORNIA | LOCAL
July 18, 2008 |
A high-profile attorney to Hollywood's rich and famous was so determined to crush his opponents in a bitter child-support battle he was fighting on behalf of his billionaire client that he resorted to an illegal wiretap conducted by private eye Anthony Pellicano, a prosecutor told jurors Thursday.
CALIFORNIA | LOCAL
September 23, 2008 |
A U.S. district judge in Los Angeles on Monday rejected a request for a new trial by an attorney for Hollywood private eye Anthony Pellicano, who alleged jurors may have been influenced by a prosecutor's comment outside trial and by an Internet blog.
October 24, 1992 |
Walt Disney Co. won its legal battle Friday with rival MGM studio to continue using MGM's name in theme parks, even when they include a working production facility. But Disney was unable to prevent a separate firm, MGM Grand Inc., from using the name in an amusement park planned for Las Vegas. Los Angeles Superior Court Judge Curtis Rappe upheld Disney's claim that a 1985 agreement with MGM gives Disney exclusive worldwide rights to use the MGM name in movie-based theme parks.