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.
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.
April 19, 2008 |
Amerco's U-Haul International Inc. must pay $84 million to a man who was injured when the truck he rented ran over him, a Texas jury said Friday. The man, Talmadge Waldrip, 74, parked the truck on a "slight incline" and the parking brake failed, said his attorney, Ted Lyon. Waldrip said U-Haul failed to maintain the truck, causing the accident. "The truck's parking brake did not work at all," Lyon said. "He stepped out of the truck and it rolled right over him."
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.
April 22, 2003 |
Amerco, parent of U-Haul International Inc., sued PricewaterhouseCoopers for $2.5 billion Monday, accusing the world's largest accounting firm of providing bad advice that nearly led to bankruptcy. Reno-based Amerco said Pricewaterhouse structured off-the-books entities to help U-Haul legally avoid putting real estate-related losses on its books.
September 9, 2003 |
Online pop-up ads do not violate trademark laws even if they cover up or appear alongside unaffiliated Web sites, including those of rivals, a federal judge has ruled. U.S. District Judge Gerald Bruce Lee also placed some of the responsibility for those ads on computer users, saying they voluntarily agree to them, even if they do so unwittingly. Lee's ruling Friday came in a lawsuit filed last year by U-Haul International Inc. against WhenU.com, a company blamed for some of the pop-ups.