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.
July 7, 1992 |
Testifying as a defendant in a lawsuit accusing him and Walt Disney Co. of improperly using the name of a competitor at a Florida theme park and production facility, Disney Chairman Michael D. Eisner said Monday that he always intended for the facility to include a working studio. To operate the Disney-MGM Studios in Orlando as anything but a studio producing genuine movie and television entertainment would court commercial disaster, Eisner testified in Los Angeles Superior Court.
February 28, 1991 |
Attorney Howard Weitzman said he and about 65 fellow lawyers plan to dissolve the 39-year-old Wyman, Bautzer, Kuchel & Silbert law firm and join Chicago-based Katten Muchin & Zavis. The Los Angeles lawyers will join Katten Muchin's existing, 10-attorney West Coast operation. The Chicago firm will be renamed Katten Muchin Zavis & Weitzman, and Weitzman will be named chairman of its national executive committee.
August 23, 2003 |
DaimlerChrysler said Friday that it had agreed to pay $300 million to settle a class-action lawsuit filed by investors over the 1998 merger of Daimler-Benz and Chrysler Corp. The automaker said it believed the suit seeking $22 billion was groundless, but it agreed to the settlement because "a local jury could reach a different conclusion." Insurance is expected to cover $220 million of the payment.
July 17, 1994
Terry Christensen , Los Angeles lawyer , and Jane Pisano, dean of USC's School of Public Administration and USC's vice president for external relations. Christensen recommends tax incentives to spur small businesses, which are the engine of economic growth and create most of the new jobs in the region. "We have a 1% gross revenue tax in the city of Los Angeles that is particularly onerous," he says. The tax is not on profit but on every dollar a business owner takes in.
December 2, 2003 |
Billionaire investor Kirk Kerkorian was not defrauded by Daimler-Benz in its 1998 combination with Chrysler Corp. and held company shares too long while their value dropped, lawyers for DaimlerChrysler told a judge Monday. Kerkorian is trying to victimize DaimlerChrysler stockholders by making them pay for his investment error, Jonathan Lerner, an attorney for the world's fifth-largest carmaker, told U.S. District Judge Joseph J. Farnan Jr.
December 4, 2003 |
Billionaire investor Kirk Kerkorian angrily ruled out settlement talks with DaimlerChrysler on Wednesday as he left the courtroom where he is suing the company over terms of the 1998 link-up between Daimler-Benz and Chrysler. "I will never entertain settlement talks with Daimler," Kerkorian snapped at reporters. "We are going to trial," he said. "We will lose it or win it. This is not about money. It's about deceit and fraud on Daimler's part."