OTHER NEWS - Aug. 14, 1991
- Share via
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.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.