Archive for the ‘Los Angeles News’ Category

Trial will test agency’s ability to go after individual executives

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Executives nationwide will be watching closely when Angelo Mozilo, after more than two years out of the public eye, appears in federal court next week for the start of his civil fraud trial. The disgraced former head of Countrywide Financial Corp., who is accused by the Securities and Exchange Commission of deliberately misleading investors about [...]

Taxi firms say labor sitting in drivers’ seat.

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With all of the taxi franchises in Los Angeles set to expire at the end of the year, a group of taxi drivers with support from labor unions has gotten into a battle with cab companies over the future of taxi operations in the city. The nine taxi franchise holders are pushing for five-year renewals, [...]