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Executives at Santa Monica-based ServiceMesh Inc. raked in nearly $100 million in bonus cash by bribing a former Australian banking executive, according to charges filed Tuesday by federal prosecutors and the Securities and Exchange Commission against the banker.
One week after Wells Fargo’s chief executive faced a federal hearing over the bank’s numerous transgressions, the company now faces a multitude of lawsuits filed by customers, shareholders, and former employees.
Century City-based Ritter Pharmaceuticals was this week’s biggest mover.
REAL ESTATE: Hub site offered rare space in SoCal
New Compton megawarehouse proves shipshape for UPS in $44 million lease deal.
Media mogul Haim Saban has priced an initial public offering for his Saban Capital Acquisition Corp., seeking to raise $235 million for the “blank check” company that would acquire an as-yet unidentified media business.
New crowdfunding rules have yet to stir big numbers of unaccredited investors.
Idea of owning ad technology firm clicks with Los Angeles Times owner tronc.
Levine Leichtman Capital Partners, a Beverly Hills private equity firm, cashed in its chips – or pretzels – when it sold its majority stake in Pasadena pretzel chain Wetzel’s Pretzels to CenterOak Partners, a Dallas private equity firm.
The L.A. City Attorney announced a record-breaking settlement on Thursday in which Wells Fargo Bank was ordered to pay customer restitution and $50 million in civil penalties for opening unauthorized customer accounts.
The Irvine-based Banc of California will be the official banking partner of the Los Angeles Rams Foundation, the football team’s charitable organization.
EMPLOYMENT: L.A. County fertile field for self-employed.
Entertainment and shipping industries have boosted Los Angeles as a home to nontraditional jobs.
HelloSociety to enlist four-legged influencers for brand marketing.
HelloSociety hopes to collar famous pets for use in social media marketing campaigns.
Green Dot Bank in Pasadena announced yesterday that board member Mary J. Dent would become the bank’s chief executive. She succeeds Lewis Goodwin, who will remain as the bank’s president, according to a press release.
INVESTMENT: Peak6 takes controlling stake in Spark, owner of ChristianMingle.
Hedge fund Peak6 seals deal with dating site operator Spark Networks for controlling stake.