Shareholders of Walt Disney Co. filed a...
Shareholders of Walt Disney Co. filed a class-action lawsuit charging that company directors breached their fiduciary duty by adopting a “poison pill†anti-takeover plan in June . . . Hitachi Ltd. has dropped a patent infringement suit filed in May against U.S. electronics firm Motorola Inc. . . . Los Angeles-based Angeles Corp. said it agreed to sell its Quinoco oil and gas businesses to Saxon Oil Development Partners, Dallas, for $26.5 million . . . Restaurant chain TGI Friday’s will become a private company in a merger with Carlson Hospitality Group Inc. of Minnesota, parent of the Radisson hotel chain . . . A U.S. Bankruptcy Court judge approved the appointment of an independent examiner to study alleged fraud at Phoenix, Ariz.-based American Continental Corp., a real estate and savings and loan holding company.
More to Read
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.