None
EN
L.A. Zoo nonprofit's bankruptcy case dismissed, boosting city in fight over $50-million endowment
['Staff Writer', 'Ruben Vives Is A General Assignment Reporter For The Los Angeles Times. A Native Of Guatemala', 'He Got His Start In Journalism Writing For The Times', 'Homicide Report In He Helped Uncover The Financial Corruption In The City Of Bell That Led To Criminal Charges Against Eight City Officials. The Investigative Series Won The Pulitzer Prize For Public Service', 'Other Prestigious Awards.']
News from California, across the nation and world - Los Angeles Times
Set us as preferredA federal judge this week dismissed a bankruptcy case filed by the Greater Los Angeles Zoo Assn., handing the city of Los Angeles another victory in its legal battle with its former fundraising partner over a $50-million endowment that was raised for the zoo.
AdvertisementLos Angeles owns and operates the zoo and partnered with GLAZA in 1963 to manage fundraising, special events and other services.
In June, the city secured a preliminary injunction barring GLAZA from retaining or distributing the endowment after its operating agreement with the zoo expired last year.
“We are pleased that the Bankruptcy Court recognized GLAZA’s bankruptcy filing as yet another bad-faith attempt to derail the ongoing litigation for its own benefit,” City Atty.
Last month, a Los Angeles County civil grand jury report found L.A.’s budget shortfalls and dwindling zoo membership would make it difficult to maintain the zoological park in the long term.