To get a sense of the struggles at KB Home, look no further than the second quarter loss it reported this summer. The company’s performance has spilled over into shareholder anger over executive pay, including a recently filed lawsuit.
More than 30 years ago, Terry L. Karges was feeling burned out from a career working in theme parks such as Disneyland and Sea World.
Green card-for-startup program draws capital – and critics
INVESTMENT: Some foreign investors are giving small businesses a go to get green cards under the EB-5 program – which has drawn critics.
Cooley LLP opens six-attorney office in Santa Monica.
Silicon Valley law firm Cooley LLP’s opening of a Santa Monica office is the latest sign that the L.A. tech sector is gaining notice elsewhere in the country.
Dodgers look to score multibillion TV-rights deal and sponsorships to pay for improvements to team, stadium.
Dodgers President Stan Kasten goes to bat for the new ownership’s business plans for the team.
Industry giant ponders spinning off packaged products.
Dole could be looking to seal up a deal for its fast-growing prepackaged product business.
Bingham reduces office at Water Garden to 19,000 square feet.
Three months after Miami-based Greenberg Traurig LLP left Santa Monica’s Water Garden office complex for Century City, Boston’s Bingham McCutchen LLP has reduced its footprint in that same facility.
TELEVISION: Investors rip focus of Korean media giant.
In January of last year, attorney Sanford H. Perliss felt a sudden urge to start telling his old stories again – much to the chagrin of his 15-year-old son.
The market for small business sales in the Los Angeles area softened in the second quarter in yet another indicator of a weakening economy, according to data from website BizBuySell.com.
Umami chain turns up the legal heat on former employees’ rival Fusion burger joint.
EMPLOYMENT: Jones Day nabs Beong-Soo Kim for issues and appeals.
As chief of the major frauds section in the U.S. Attorney’s Office in Los Angeles, Beong-Soo Kim oversaw the prosecutions of former KB Home executive Bruce Karatz, bankrupt baseball slugger Lenny Dykstra and the bankrupt real estate mogul Ezri Namvar.
Though demand has yet to fully recover from the downturn, the Westside office market posted its best average vacancy rates and asking rents in more than two years.
Non-profit: County denies condom-fueled feud with AHF.
NON-PROFIT: AIDS Healthcare Foundation courts controversy by filing suits against L.A. County.
ValueClick shares fall as exchange system surges.
Investors have broken links with ad “network” ValueClick as “exchanges” have scooped up online business.
Aggressive attorney Louis R. ‘Skip’ Miller says forget trying to make a case for his sensitive side.
Attorney Louis R. “Skip” Miller courts tough cases, whether defending the city of L.A. from Rodney King or wrangling with his former firm over compensation.
Managed care provider Molina could get shot in the arm from further Medicaid expansion.
Pair tap CEQA to bury Metro project.
Downtown L.A. property owners court controversy by filing CEQA suits to challenge Metro subway project.
Katten’s new partners to launch second L.A. outpost.
The Century City office of Chicago’s Katten Muchin Rosenman LLP just landed three new partners – but they won’t be there long.
SPECIAL REPORT: Executive Compensation
Pair of local non-CEOs bring in the highest executive pay.
SPECIAL REPORT: Executive Compensation
Most CEOs of local companies are taking home more even as shareholders look to rein in pay.
Harbor Freight alleges lumber business stole trade secrets.
Harbor Freight Tools hopes to build case against alleged employee-poaching flooring company.
Rivals rush in to grab high-profile talent from flopped firms.
Collapsed firms can offer rivals their pick of top legal talent and sometimes entry into the tight L.A. market.
SPECIAL SECTION: Wealthiest Angelenos 2012 - L.A.’s wealthiest residents saw their fortunes sway with the stock market this year. In the end, they reaped some ‘small’ million-dollar gains.
L.A.’s wealthiest saw modest gains after years of wild swings.
Mickey Kantor helps Mayer Brown
Since ending his tenure as California’s attorney general in 1991, John Van de Kamp had worked as an attorney at Dewey & LeBoeuf LLP’s downtown L.A. office. But when the New York firm’s financial troubles began making headlines, friends at other law firms reached out to offer him a place to land.
SPECIAL SECTION: Wealthiest Angelenos 2012 - L.A. Hair care mogul Talks about moving to Texas
Hair care billionaire and Texas resident John Paul DeJoria says keeping his business in L.A. is a “family” issue.
Lender fight entangles Beverly Hills HQ.
Alan Casden’s’ latest lender dispute could cost the developer his Beverly Hills headquarters.
LAW: Seyfarth Shaw’s Ken Sulzer moves to Proskauer Rose office.
Proskauer Rose LLP has landed a big name with the hiring of attorney Ken Sulzer from Seyfarth Shaw LLP.
Former employee alleges trouble at L.A. contractor.
Port of Los Angeles has yet to catch sight of contractor Vision’s hydrogen fuel cell truck.
Landlord challenges medical zoning.
Beverly Hills landlord sues city after losing patience with cap on medical office space.
Special Report: REAL ESTATE QUARTERLY
Main events in Los Angeles County commercial and industrial submarkets in the fourth quarter.
When attorney Steven E. Bledsoe was growing up, he generally got good grades but he was no science whiz.
Gloves come off in fight over L.A. office of late O.J. lawyer.
Feuding partners take off gloves in fight to control L.A. firm founded by the late Johnnie Cochran.
LAW: Hobart Linzer to specialize in cases worth less than $100 million.
Big law firms are churning out record profits and revenues, and acquiring smaller firms at an accelerating rate. But many still believe the downturn has opened opportunities for boutique firms, especially in middle-market Los Angeles.
Malibu mulls space limits for national retailers
Malibu activists are looking to bind large retail chains with space limits.
Special Report: BUSINESS PERSON OF THE YEAR
CEO Dominic Ng has widened the gap between East West Bank and most of its rivals by building bridges to Asia.
Move to acquire IT-focused peer lifts On Assignment’s shares.
Staffing company On Assignment’s plan to acquire IT-focused rival works for investors.
City Councilman Ed Reyes is proposing to block retail chains from moving into Chinatown, an apparent reaction to the news that Wal-Mart Stores Inc. is planning to open a grocery store in the neighborhood.
Appellate attorney Irving Greines has had his fine art photos courted by galleries.
Irving Greines takes his shots in court as an appellate attorney and on the streets as a fine arts photographer.
Keith Gregory spends much of his time at the downtown L.A. office of law firm Snell & Wilmer LLP representing electronic component makers in complex litigation.
LAW: Barry J. Thompson among local vets joining new firm.
Lateral hiring of attorneys in the health care industry has picked up recently, with several local partners switching firms since February.
Ceres’ public launch opens at $14.50 after delay, price cut.
Maker of seeds for ethanol production fails to reap Wall Street bounty with IPO.
City to give sports venue suitor $18 million.
Inglewood steps in with loan to help Madison Square Garden score purchase of the Forum.
NBC Universal parent seeks tax refund on L.A. County property.
NBC Universal parent Comcast produces lawsuit to recover Universal City property taxes.
A Monrovia owner of property deemed essential for a Gold Line maintenance yard has settled his legal fight against the light-rail line for $24 million.
Graduates claim Le Cordon Bleu doesn’t deliver.
Former cooking students allege that Le Cordon Bleu’s job promises were all sizzle and no steak.
LAW: Litigation prevents Rutter Hobbs vets from joining Glusker.
After getting hit with a $10 million malpractice verdict stemming from the actions of a retired partner, 30-attorney downtown L.A. law firm Rutter Hobbs & Davidoff LLP dissolved Jan. 31.
Brokerages have due date in court over allegedly stolen products.
Coverage for surrogate pregnancies has given birth to a heated rivalry and legal battle between two local firms.
About 20 years ago, attorney Tim Lappen fell in with a group of motorcycle enthusiasts who went on long rides together.
Molina sees Obamacare reform further boosting growth.
Investors’ positive prognosis for managed care provider Molina has sent stock soaring.