May 7, 1991 |
Three years ago, Harris Enterprises Inc., which owns the Camarillo Daily News and 50% interests in the Simi Valley Enterprise and the Moorpark News-Mirror, put itself up for sale. Members of the founding family of the Hutchinson, Kan.-based company, who own a majority of Harris' stock, wanted to diversify their holdings, and media properties at the time were fetching handsome prices. Harris' suitors included Thomson Newspapers and Ingersoll Publications.
April 26, 1991 |
A federal bankruptcy judge ended a power struggle at FundAmerica Inc. Thursday by appointing an independent trustee to run the controversial marketing company, a decision some spectators believe will result in its liquidation. FundAmerica said it was preparing to emerge from Chapter 11 bankruptcy and had planned to begin selling memberships again as early as next week after a nine-month hiatus.
April 23, 1991
R. Stanton Avery, founder and former chairman of the Avery Dennison Corp., announced Monday that he will retire as chairman of the board of trustees of the Huntington Library, Art Collections and Botanical Gardens. Avery will step down effective July 1; Robert F. Erburu, chairman and chief executive officer of Times Mirror Co., will take over as chairman. As chairman for 19 years of his 22 years as a Huntington trustee, Avery presided over a period of unprecedented growth.
April 19, 1991
The members of the Conejo Valley Garden Club have urged the Thousand Oaks City Council to stop new water hookups until the drought ends. It doesn't make sense to have the present population on water-use restrictions and yet continue to allow more commercial and residential buildings to be constructed. We urge a moratorium on all future development until the water shortage has ended. MARIAN KURASH, President Conejo Valley Garden Club Thousand Oaks
March 1, 1991
Camron Cooper, senior vice president and treasurer for Arco, has been elected chairwoman of the board of trustees for the Greater Los Angeles Zoo Assn. She replaces Tom Tellefsen, president of Gemtel Corp., who recently resigned to devote more time to business. The association, with 135,000 members, supports worldwide conservation efforts, funds and builds new exhibits, develops and implements educational programs, operates food and merchandise concessions and underwrites research.
October 25, 1990 |
FundAmerica scored a major victory Wednesday when a federal bankruptcy judge--against the recommendations of a court-appointed examiner--refused to order the removal of the beleaguered company's current management. "There has been a lack of proof to sustain the appointment of a trustee at this stage of the case," said U.S. Bankruptcy Judge James N. Barr in Santa Ana. "I have no indications that current management is doing anything illegal or anything that is to the detriment of the estate."
October 17, 1990 |
A federal bankruptcy examiner has recommended that an independent trustee be appointed to run FundAmerica, saying the current management of the troubled network-marketing company is too closely tied to its controversial founder, Robert T. Edwards. The examiner's report also concluded that about $30.8 million of FundAmerica's assets went to company insiders, including $6.4 million paid directly to Edwards.
CALIFORNIA | LOCAL
October 3, 1990 |
The empty chair in the Los Angeles City Council chamber is becoming hard to ignore. The chair belongs to Councilman Gilbert Lindsay, 89, paralyzed by a stroke and unable to speak. He breathes through a tube inserted in his windpipe. Visitors to his room at Daniel Freeman Memorial Hospital in Inglewood report that he stares blankly at the ceiling. Occasionally Lindsay moves his head when his name is called. He has been that way since he was stricken the weekend of Sept. 1.
July 28, 1990 |
Relatives of the late David Rappaport--the "L.A. Law" actor who committed suicide in May--have wrested control of his estate from Los Angeles County officials. Frankie Leigh, the 3-foot-11 star's cousin and manager, said that the family plans to sell Rappaport's Hollywood Hills home, but not for several months. The proceeds will go to Rappaport's 14-year-old son, Joseph, who is coming to Los Angeles next week to live in the house along with Rappaport's fiancee, Eliza Lende.
April 24, 1990 |
The trustee appointed last week by a bankruptcy court judge to take charge of troubled Eastern Airlines said Monday that there have been "expressions of interest from a number of parties" about buying the airline. Martin R. Shugrue Jr. vowed that Eastern will not be cut up and disposed of in pieces but did not rule out a sale of the airline as a whole. "This trustee is not a liquidator," he added forcefully. "I came here to stem the financial losses and make Eastern economically viable."