January 10, 2001 |
U-Haul International Inc. is considering appealing a Los Angeles court decision that 480 current and former employees were improperly classified as managers and denied overtime wages, said Bill Kannow, an attorney representing the Phoenix-based company. In a hearing set for April, the plaintiffs will argue they are owed more than $10 million in overtime pay, said Matthew A. Kaufman, an attorney representing the current and former employees participating in the class-action lawsuit.
March 16, 1996 |
Judge OKs Settlement in U-Haul Case: Federal Bankruptcy Judge James M. Marlar approved a plan by the board of Amerco Inc., corporate parent of U-Haul International Inc. of Phoenix, to pay the remaining $313.8 million owed on a judgment in favor of U-Haul founder Leonard S. Shoen and six of his children. The judge's decision settles a family feud that began in 1986 when Joe and Mark Shoen forced their father, now 79, into early retirement and began a push to control the company.
CALIFORNIA | LOCAL
March 18, 1995 |
A U-Haul employee was hospitalized Friday after passing out from fumes caused by what may have been a mobile drug lab in an abandoned rental truck, authorities said. The truck was found abandoned Thursday at a truck stop in Castaic, said Lt. Steve Dolan of the Santa Clarita Sheriff's Station. It was towed to a U-Haul facility in Canyon Country, where an employee was assigned to clean it out Friday morning.
November 23, 1994 |
Complaint Against U-Haul Ads Referred to FTC: In an unusual move, the National Advertising Review Board, the advertising industry's self-regulatory agency, referred to the Federal Trade Commission a complaint against the company's advertised "guaranteed reservations" claims. The board said it made the referral after U-Haul International Inc. failed to indicate that it would comply with the board's recommendation to quit using the potentially misleading claim in its Yellow Pages ads.
August 18, 1992 |
The self-storage business, by most accounts, is doing nicely these days. Demand for mini-warehouse space is gradually rising, and the average facility is 80% to 90% full. Rental prices also are edging higher. The market is strengthening because few new self-storage sites are being built. Banks and other lenders, burned lately by commercial loans that went sour, are particularly reluctant to finance self-storage facilities, of which there are already more than 20,000 nationwide.
June 20, 1991 |
U-Haul Gets Financing: A group of 11 investors provided $102.5 million in financing to the parent company of U-Haul International Inc. as the company struggles to whittle down a huge outstanding debt. "This financing allows us to continue as a healthy, viable company," said E. J. Shoen, president of U-Haul and chairman of the parent company Amerco. Shoen refused to say how much debt would be paid or the total amount of debt outstanding.