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Civil Litigation

Aug. 29, 2018

LA Weekly owner sues to recoup his stake, change ownership

The lawsuit details a tumultuous seven months since the venerable alternative newspaper was bought by a group of out-of-town investors, many of them attorneys, who are accused of raiding the paper for personal financial gain.

LA Weekly owner sues to recoup his stake, change ownership
Patricia Glaser of Glaser Weil Fink Howard Avchen & Shapiro LLP

A lawsuit against LA Weekly details a tumultuous seven months since the venerable alternative newspaper was bought by a group of out-of-town investors, many of them attorneys who are accused in court filings of raiding the paper for personal financial gain.

David Welch, a cannabis law attorney who owns a stake in the company, said in a Los Angeles County Superior Court lawsuit filed this week that company mismanagement, side deals,...

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