May 12, 2005
These days it seems there are so many laws, it's impossible not to break one at some time or other. But when it comes to that, Newport Beach Assemblyman Chuck DeVore has got your back. A bill DeVore wrote, passed by the Assembly last week, would mean drivers no longer have to notify police when they hit a parked car, provided they leave their insurance and contact information. The law now says the police must be notified immediately, but many drivers don't call them -- which means they're guilty of a misdemeanor.
December 20, 2010
What should be the criminal penalty for angrily swinging an 8-pound puppy from the end of a leash like a lasso, then kicking the dog hard enough so it skids across asphalt, and then twice smacking the Chihuahua-dachshund mix across the face? OK, remember your answer. Now, what should be the penalty for driving while drunk, hitting a car that overturns twice and critically injuring a man who dies six months later, likely as a result of his injuries? I hope you gave more time to the drunk driver than the dog abuser, though these days it doesn't seem to be such a clear-cut call.
August 16, 2007
Jeffrey Klein, a Newport Beach developer, has won an auction to take over the lease of the Queen Mary, the world-famous ocean liner harbored in Long Beach. Klein, who formed the "Save the Queen" group to bid on the ship in bankruptcy court, won with an offer of $43 million. The other final contender for ownership of the Queen Mary, a Santa Monica-based real estate developer called O&S Holdings, withdrew from the bidding Tuesday. Queen's Seaport Development Inc., which held the lease to the Queen Mary for 14 years, filed for bankruptcy in 2005.
February 15, 2001
Law firm Graham & James is on the way out of town. The firm, forced into bankruptcy last year by creditors, is in the midst of leaving its plush Center Tower offices. The firm held a lease for the 21-story building's sixth floor but was subleasing most of the space to other attorneys. Nearly a dozen firms had leased space on the floor. The most well known is Watergate figure and Corona del Mar resident Donald Segretti. Those lawyers were jolted Wednesday when those still moving out came to work to find the phones cut off. The lease was seized as a result of Graham & James filing for Chapter 7 on Dec. 21. Creditor Mellon Bank forced the firm into bankruptcy.
May 25, 2001
Mathis Winkler NEWPORT BEACH -- Denver billionaire Philip Anschutz and a Los Angeles-based capital management company will take control of Edwards Theaters Circuits Inc. if a bankruptcy court judge approves the deal in June. Officials for the financially ailing Newport Beach movie theater company announced Thursday that Anschutz and Oaktree Capital Management LLC will receive preferred stock and 51% of Edwards' shares in return for a $56-million investment.
July 24, 2001
Mathis Winkler NEWPORT BEACH -- Inching closer to a takeover of Edwards Theaters Circuit Inc., lawyers for creditors in the company's bankruptcy proceedings announced Monday that they have reached a deal with Edwards and its likely new owners. The company, based in Newport Beach, filed for bankruptcy protection in the U.S. Bankruptcy Court in Santa Ana in September. At the time, Edwards officials cited a public demand for state-of-the-art stadium megaplexes and a drop in attendance at older theaters as the reason for money problems.
August 27, 2012
Editor's note: The following is a set of 20 questions with Yard House founder Steele Platt. Q: You said you wrote a business plan in 1994 called the Yard House while tending bar in Huntington Beach. The Yard House sold to Darden Restaurants for $585 million, and your last day with the company is Wednesday. How does that feel? A: I personally feel a sense of accomplishment and that a specific goal in my life was achieved, and that was to create a national brand restaurant.
December 1, 2010
IRVINE — Irvine-based Claim Jumper restaurants, which recently filed for Chapter 11 bankruptcy protection, has closed several of its locations and is in the process of laying off 400 workers in Ventura, Los Angeles and Orange counties. Claim Jumper restaurants in Irvine and Torrance were closed Monday. State unemployment records show that 67 workers at the Irvine restaurant on Alton Parkway will be laid off as of Dec. 11. More than 90 workers at the Claim Jumper corporate headquarters in Irvine were given pink slips.
June 28, 2001
Paul Clinton JOHN WAYNE AIRPORT -- With the dissolution of Trans World Airlines, the Board of Supervisors have handed over the airline's two daily departures to American Airlines on an interim basis. The board unanimously approved the transfer Tuesday. American, which paid $742 million for TWA after the airline filed for bankruptcy protection in April, can use the flight slots until Sept. 30. At that time, Airport Director Alan Murphy is expected to determine what to do with the flights.
April 5, 2010
A federal judge sentenced a Newport Beach man to five years in prison Monday for “extreme greed” in defrauding several government institutions out of millions of dollars through mortgage, tax and bankruptcy fraud from 1995 to 2001. Lorenzo Espinoza, 43, a Newport Coast resident, pleaded guilty in 2006 to defrauding the Department of Housing and Urban Development, two counts of bankruptcy fraud, one count of money laundering and one count of failing to pay 10 years’ worth of taxes to the Internal Revenue Service.