Los Angeles Business Journal

Shares of Garment Maker May Soon Be in Fashion

CLOTHING: Analysts back American Apparel despite disappointing quarter.

Rough quarter punishes American Apparel shares but analysts say the stock will wear well.

Blurred Lines

HEALTH CARE: SEC and FDA concerns leave future fuzzy for medical device maker Imaging3 as it leaves bankruptcy.

Medical device maker Imaging3’s prognosis looks hazy with looming SEC and FDA issues.

D.C. Firm Makes Power Play for Midwest Duo

EMPLOYMENT: Buckley picks up Dykema pair for Santa Monica office.

BuckleySandler LLP is only four years old, but the upstart Washington, D.C., firm has landed two heavy hitters in its Santa Monica office with the addition of Richard Gottlieb and Fredrick Levin from Detroit’s Dykema Gossett PLLC.

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South Korea Holds Lawyer Suspected of Fraud

LAW: Immigration attorney drew money from green-card hopefuls.

South Korea arrests L.A. immigration attorney in alleged investment fraud involving green-card program. (Sidebar: Other EB-5 investment projects have collapsed from legal trouble. Page 42.)

Hollywood Didn’t Sign Off

Chamber wins court case to stop German shop from using trademarked icons.

Chamber lowers curtain on German shop looking to trade on trademarked Hollywood imagery.

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Busted Homes Break Up Beverly Hills Buddies

INVESTMENT: Ray Irani sues friend over megamansion mess.

Ousted oil exec Ray Irani says he’s owed millions for pumping up his friend’s real estate business.

3-D Technology Company Loses Box-Office Focus

FILM: RealD shares fall after format’s lost luster yields slow ticket sales.

3-D technology company RealD loses investors’ focus after disappointing box-office performance.

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Bad Math Left Hospital at Loss

HEALTH CARE: Trustee says accountant botched the books.

Downey hospital nursing sale while alleging its problems were caused by faulty accounting.

Rivals’ Appeal Too Much for Downtown L.A. Firm

EMPLOYMENT: Recently merged Norton Rose loses 11 lawyers to competitors.

London’s Norton Rose Fulbright has lost 11 attorneys in its downtown L.A. office to rival firms this month, including the heads of its L.A. labor and employment and health care practices.

Road Blocked

Catalina hotel fights Avalon for more golf carts

Feud over golf cart permits slowly picks up speed as a Catalina hotel takes Avalon’s City Council to court.

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Maguire’s Debt Spurs Takeoff

Aviation: Developer says he has deal to sell airport operation.

Robert Maguire says he has landed a buyer for his debt-wracked Van Nuys Airport business.

Casden Wins Suit Brought by Former Partner

Prominent developer Alan Casden has won a court ruling against a former partner seeking to recoup losses from a real estate venture gone south.

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LAX Hotel Hits Debt Turbulence

REAL ESTATE: Future up in air for property and owner.

New York hotel developer might be taking off from foreclosure-facing property near LAX.

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Flat-Out Dispute

TAXES: Broadreach says previous owners should pay taxes on WeHo ‘wallscape.’

Landlord of office-retail complex wants previous owners to pay property tax on “wallscape” ad space.

Firm Brings in Veteran to Get Jump on Startups

EXPANSION: Latham hire Dan Burnham will focus on early stage companies.

L.A.’s largest firm by revenue is moving further into the growing local startup scene.

Windfall Nurses Hospital Feud

HEALTH CARE: Shareholders fight execs over Avanti’s money.

Investors in Avanti Hospitals accuse executives of doctoring finances to their benefit.

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Firm Appeal

Bruce P. Jeffer’s conservative approach over 30 years has turned his law firm into one of L.A.’s most profitable.

Lawyer Bruce P. Jeffer works to catch magic in a bottle as an avid wine collector.

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Property Deal Splits Partners

Real Estate: Developer’s terms too much for investor.

Partnership is left with little room for comfort when the two parties vacate apartment deal.

Investors Guess-ing That It’s Time for Turnaround

APPAREL: But company’s future still tied to prospects of European recovery.

Investors see Guess may be on the road to a turnaround. But its European market is still a problem.

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Pizza Chain Looks to Pop Soda Deal With Pepsi

DINING: CPK looks to ax longtime relationship as part of cost cutting.

California Pizza Kitchen looks to shake soda deal with Pepsi as part of the chain’s cost-cutting strategy.

Electric Carmaker Led Charge as Markets Soared

SPECIAL REPORT: Wealthiest Angelenos

Soaring stocks made up the lion’s share of surging portfolios.

Firm Brokers Deal for L.A. Insurance Litigators

LAUNCH: Jerry Oshinsky, Linda Kornfeld open Kasowitz Benson office.

New York firm Kasowitz Benson Torres & Friedman LLP has poached two of the region’s most renowned insurance recovery litigators to start an L.A. office.

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Workplaces Hit Close to Home

REAL ESTATE: Neighbors knock using condos for business.

Some condo homeowners associations are trying to stop residents from using their units as offices.

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Lawyers Reap Prop. 65’s Rewards

Special Report: Toxic Prop

Proposition 65 attorneys take lion’s share of payouts in some settlements.

Foreclosure Attorney Ineligible to Practice Law

INVESTIGATION: State Bar could take more steps against Gene W. Choe.

Gene W. Choe, founder of what was once one of the city’s largest law firms fighting home foreclosures, has been ruled ineligible to practice law in California pending further disciplinary hearings.

Skin Care Company Lands El Segundo Headquarters

El Segundo skin care company Murad Inc. announced Tuesday that it would move its global headquarters to a larger space within city limits.

Software Upgrade Bad Memory for Installer, Client

TECHNOLOGY: Customer Southwest Traders seeks compensation from DAZ.

Software installer DAZ faces hefty lawsuit from food firm that claims its services weren’t up to code.

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Food Trucks Running Risk

INSURANCE: Operators moving faster than coverage.

Food trucks can face problems with policies that fail to cover their use as mobile kitchens.

L.A. Outpost Teaming Up for International Reach

EXPANSION: Dentons sees latest merger as way to grow specialties.

The downtown L.A. office of Chicago’s Sonnenschein Nath & Rosenthal saw its attorney count fall to 30 from more than 70 in a 12-month period ended in spring 2009, due to a combination of departures and layoffs.

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Jeans Maker Sowed Fate

APPAREL: Litigious Guess co-founder fights bankruptcy.

Failure to button up his litigious behavior might cost Guess Jeans co-founder Georges Marciano much of his fortune.

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Foreclosure Boom Busts Attorney

LAW: Bankrupt Gene W. Choe also faces possible loss of license.

State Bar homes in on attorney whose firm boomed then busted handling foreclosure cases.

Hanmi Names Chief Financial Officer

Koreatown’s Hanmi Financial Corp., the holding company for Hanmi Bank, announced Thursday that Shick “Mark” Yoon has been appointed chief financial officer, effective immediately.

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Malibu Mulls Chains Break

Real Estate: Developers rip proposed retailer limits.

Developers aren’t buying a new Malibu proposal to restrict large chain retailers.

Silicon Valley Firm Comes on Line in Los Angeles

EXPANSION: New oupost lets Wilson Sonsini also land patent law attorney.

Silicon Valley’s largest and most storied law firm is opening an office in Los Angeles this week and it’s doing so with a splash: by poaching one of the area’s most highly regarded patent litigators.

Naming Names

REAL ESTATE: Four Seasons condo project accuses Four Seasons hotel of obstruction.

Four Seasons hotel seems reluctant to make room for a similarly branded condo project across the road.

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Making Cases

Ex-partners of Johnnie Cochran spar over name, legacy

Former partners fight to use attorney Johnnie Cochran’s name to court clients.

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Russell Goldsmith: Taking Image Into Account

Russell Goldsmith oversees the growth of City National Bank; now he’s focused on L.A.’s infrastructure

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Modest Practice, Flashy Growth

LAW: Low-key Lewis Brisbois becomes largest firm in L.A.

A focus on insurance defense has helped ensure Lewis Brisbois’ growth into L.A.’s biggest firm by attorney count. (Sidebar: Lower rates lead to job growth. Page 43.)

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New Jersey Raises Gaming Stakes

Gambling: Local businesses hope to split state’s online pot.

New Jersey’s approval of online gaming has strengthened the hands of several local businesses.

Environmental Attorneys Change Surroundings

EMPLOYMENT: Pair from Bingham open Edgcomb outpost in Burbank.

Nancy Wilms and Tiffany Hedgpeth both spent at least 15 years in the downtown L.A. office of Boston’s Bingham McCutchen LLP, representing major clients such as Chevron Corp. and pharmaceutical giant McKesson Corp. as partners in the firm’s environmental litigation group.

Business Groups Favor Court Discrimination Ruling

LEGAL: Employers hope for decrease in damage claims by workers.

Business groups hope a state court discrimination ruling will work to curb employee lawsuits.

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Seizure Leaves Vendor at Loss

Legal: XYZ still feels pain from 2010 sheriff’s sting.

Seller of secondhand items still feels locked up by Sheriff’s Department seizure of goods.

Aviation Mogul Hopes Pitch for Partner Takes Off

Robert Maguire looks to land a partner for his airport terminal business as he seeks to pay down big debt.

Project Stalls In Parking Lot

Real Estate: Saks moves to protect precious spaces.

Fear of losing parking spaces drives Saks to try to put brakes on sale of lot across the street.

Santa Monica Paces Market, L.A. County With Top Asking Rents

Reports - Asking rents in the Westside office market rose to their highest level in three years in the fourth quarter, driven by continued demand from tech, media and entertainment businesses.

Activist Lawyer Stalls Approvals

Development: Target is latest project to be held up.

Target’s Hollywood project is the latest to draw fire from an attorney and activist neighborhood group.

Intellectual Property Firm Thinks It’s Time to Grow

EMPLOYMENT: Partners at Novak Druce hope to double up on headcount.

Wilmington, Del., intellectual property firm Connolly Bove Lodge & Hutz looked like a firm in trouble to some industry insiders last fall.

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High Time

Luxury condo sales on rise as economy picks up

Rebounding economy helped homebuyers make their move into luxury condos last year.

Koreatown Bank Feels Squeeze in Tighter Market

LENDING: Hanmi seeks sale or merger after falling behind giant BBCN.

Sale-pursuing Hanmi is the latest bank to feel the squeeze in Koreatown’s high-pressure market.

Eight Over 80: Richard Riordan

Richard Riordan isn’t just still going strong at 82, he’s jumping headlong into brawls that others won’t go near.