OTHER NEWS - Aug. 14, 1991
From Times Staff and Wire Reports
AMI Settles Lawsuit: Dallas-based American Medical International settled for $16 million a lawsuit in Los Angeles alleging that the company and one of its directors committed fraud in taking the company private in a $1.9-billion leveraged buyout in 1989. Dr. M. Lee Pearce, a Miami physician who was AMI’s largest single shareholder before the buyout, claimed that the company wrongfully turned down his bid for the firm. AMI denied the charges.
