May 25, 1985
The chairman and the owners of United Press International signed a consent order in federal bankruptcy court pledging to cooperate in selling the company. The 14-page court order, which was approved by Bankruptcy Judge George Bason, appeared to formally resolve a lengthy public dispute between UPI Chairman Luis Nogales and owners Douglas Ruhe and William Geissler over who had authority to run UPI.
August 28, 1991 |
United Press International plans to seek Chapter 11 bankruptcy protection today, according to remarks of the news agency's chief executive quoted in the New York Times. Pieter VanBennekom was quoted as saying a bankruptcy filing was a way to reduce debts of about $50 million and make possible a sale of the company. In Washington, where UPI has its headquarters, spokesman Milt Capps said only, "We expect to have an announcement in the morning."
June 28, 1985
United Press International's chairman and chief executive said he expects a recapitalization to be complete within two months and predicted that UPI will survive and emerge "stronger and better than ever." Nogales told the Florida Assn. of Broadcasters that negotiations are under way with potential investors to restructure the company, which has been operating under Chapter 11 of the U.S. Bankruptcy Code since April 28.
November 5, 1985
A U.S. bankruptcy judge approved a settlement under which Scripps will be credited with more than $1 million in claims that it filed against United Press International after the wire service filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code last spring. UPI in return will receive from Scripps $300,000 in cash, an extension on the lease from Scripps of its communications center and the freeing up of $500,000 that Scripps owed it in overseas royalties.
CALIFORNIA | LOCAL
May 14, 1998
H.D. "Doc" Quigg, 86, a globe-girdling correspondent for United Press International for half a century. Born Horace Dasher Quigg in Boonville, Mo., Quigg took his nickname from his doctor father and carefully avoided ever spelling out his full name. He studied arts and journalism at the University of Missouri and began his career at the Boonville Daily News. He soon joined United Press (later International) in Cleveland and in 1937 transferred to his permanent base of New York.