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By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Top Stories / Comments Off on Court revisits financier
A wrongful death lawsuit unfolding in a Santa Barbara courtroom is shedding light on the final days in the life of the late Michael Klein, the fast-rising Santa Barbara hedge fund manager who died along with his daughter and a pilot in an airplane crash in Panama on Dec. 23, 2007. Kim Klein, Michael Klein’s Read More →
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By Pacific Coast Business Times Staff / Monday, August 31st, 2009 / Top Stories / Comments Off on Trustee: Hertel assets found
A U.S. Trustee has moved one step closer to recovering some of the $2.8 million that creditors to bankrupt developer R.W. Hertel & Sons say they are owed. In a document filed in bankruptcy court Aug. 31, Trustee Sandra McBeth said she’d located assets of R.W. Hertel & Sons and planned to divvy them up Read More →
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By Staff Report / Friday, August 28th, 2009 / Latest news / Comments Off on Breaking news: Affinity Bank seized by regulators
In the first bank failure in the Tri-Counties in almost 20 years, Ventura-based Affinity Bank was seized by federal regulators Aug. 28. The Federal Deposit Insurance Corp. took Affinity into receivership and said San Diego-based Pacific Western Bank will assume Affinity’s ten branches and $922 million in deposits. Pacific Western also agreed to buy essentially Read More →
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By Pacific Coast Business Times Staff / Friday, August 28th, 2009 / Opinion / Comments Off on In memoriam: Brian Wolverton
These days we spend our time consumed with the economy, business, careers, politics and family matters and we often forget that others are doing far more important work on behalf of our nation. Our freedom to speak, conduct commerce and fret about all things American ultimately relies on our nation’s ability to defend itself. Read More →
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By Stephen Nellis / Thursday, August 27th, 2009 / Top Stories / Comments Off on State order targets PRstore sales pitch
[Editor’s note: This story appeared in the Aug. 21 print edition of the Business Times. Ira Distenfield’s response, attached below, will appear in the Aug. 28 print edition. Source documents used to report this story are also attached below.] Ira Distenfield, the Santa Barbara man who built up and sold legal services franchise We the Read More →
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By Staff Report / Wednesday, August 26th, 2009 / Latest news / Comments Off on Legal discord over music festival
[Editor’s note: See correction below.] A battle of the band bookers is breaking out in Santa Barbara. The organizers of the West Beach Music & Arts Festival face a civil lawsuit from another concert organizer who demands nearly $500,000. Jackie Kane also alleges that the West Beach organizers froze her out of her share of Read More →
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By Pacific Coast Business Times Staff / Monday, August 24th, 2009 / Opinion / Comments Off on Crack down on fire-causing cartels
An international law enforcement effort is needed to bring the perpetrators of the La Brea fire to justice. Unless you have been sleeping for the past week, you probably know that state and local officials believe that Mexican cartels that operate massive pot farming operations in far northeast Santa Barbara County were behind the 89,000-acre Read More →
