NEW JOB: Former L.A. City Attorney Rocky Delgadillo has been hired as chief executive of the Los Angeles County Medical Association, the area’s largest professional organization for physicians. The association noted that as city attorney, Delgadillo successfully sued insurers for fraudulent business practices that led to denial-of-care claims and cancellation of policies. He also pushed for passage of a first-of-its-kind city ordinance to stop patient dumping by hospitals. Delgadillo is a partner at the law firm of Liner Grode Stein Yankelevitz Sunshine Regenstreif & Taylor LLP. He will continue to work for the firm as well as the medical association, which represents physicians, medical students, interns and residents.
PROPERTY BUY: Kennedy Wilson has acquired stakes in three office buildings in the L.A. area in transactions totaling $111 million. The L.A. real estate investment and services firm’s ownership position is about 37 percent, with the remaining equity owned by affiliate Kennedy Wilson Real Estate Fund IV, longtime partner Fairfax Financial and the LeFrak Organization. One property, 9301 Wilshire, is in Beverly Hills’ Golden Triangle with tenants that include entertainment agencies, boutique professional firms and medical specialists. The other offices are in Encino and El Monte.
CFO NAMED: Hanmi Financial Corp. has named Lonny Robinson chief financial officer. Robinson, 54, joined the bank as interim CFO on Oct. 11, and the bank made the appointment official last week after receiving regulatory approval. He has more than 25 years of banking experience, and served as chief financial officer for several community banks, including Koreatown’s Center Financial Corp., parent of Center Bank.
MORE TOYS: Jakks Pacific Inc. has completed its acquisition of Moose Mountain Toymakers Ltd., a Hong Kong maker of licensed arcade-style games, children’s vehicles and other toys. The Malibu toymaker, which also specializes in toys based on licensed characters, did not disclose what it paid to acquire Moose Mountain, a 15-year-old privately held company, and its Parsippany, N.J.-based affiliate, Moose Mountain Marketing Inc., which makes products branded with properties owned by Walt Disney Co., Nickelodeon and Hasbro. Jakks has licenses that range from Ultimate Fighting Championship and Pokémon to Hello Kitty and Cabbage Patch Kids.
WEDBUSH SUIT: Wedbush Securities Inc. in Los Angeles has sued two former employees and trading platform Liquidnet Holdings Inc.. The defendants are accused of taking customer lists, documents and disclosures from the firm. The suit alleges that New York-based Liquidnet, used by institutional investors to buy and sell large blocks of shares, and the former employees, Louis Kerner and Michael Silverstein, worked together to take proprietary information from Wedbush to start the same business at Liquidnet. Liquidnet said that it had hired Kerner to run a new group focused on private companies. Wedbush filed the lawsuit in New York State Supreme Court in Manhattan. Liquidnet received the lawsuit and is reviewing it closely, said Melissa Kanter, a spokeswoman for the company. She declined to comment further on the complaint.
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