Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Penny Pritzker's La Jolla adventure

Commerce nominee's company paid money to settle suit by retirees

Chicago billionaire Penny Pritzker, nominated by President Obama to be Secretary of Commerce, faces a grilling confirmation process. As media are pointing out (and I noted in a 2007 Reader piece), the Pritzker family has a background of consorting with organized crime, and has used offshore tax and secrecy havens to slice their tax obligations. After her nomination, The Nation magazine did a two-part series on the family's sleazy background, but the author pointed out, "Penny is not responsible for the dodgy practices of her grandfather," the late patriarch. However, she will get grilled about the failure of a Chicago bank, and other Pritzker businesses to which she was closer. (Incidentally, as Forbes points out, she is worth $1.85 billion, 277th on the Forbes 400 list of richest Americans. Ten members of the Pritzker clan -- known for its internal squabbles -- are on the Forbes 400 list.)

In 2006, residents of Classic Residence by Hyatt at La Jolla Village (which was headed by Penny Pritzker and now has another name) sued Hyatt/Pritzker entities for fraud and deceit, misrepresentation, elder abuse, breach of fiduciary duty and other transgressions. In 2008, the Superior Court suit was settled. Hyatt agreed to pay $2.27 million to residents, although $1.4 million went for their attorney's fees. Hyatt also agreed to have the wellness center open 24 hours a day and staffed by professionals at key hours, and put a 3% ceiling on monthly fee increases through 2013 for those suing.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Everything You’ve Ever Wanted To Know About doTERRA

Next Article

WAV College Church reminds kids that time is short

College is a formational time for decisions about belief

Chicago billionaire Penny Pritzker, nominated by President Obama to be Secretary of Commerce, faces a grilling confirmation process. As media are pointing out (and I noted in a 2007 Reader piece), the Pritzker family has a background of consorting with organized crime, and has used offshore tax and secrecy havens to slice their tax obligations. After her nomination, The Nation magazine did a two-part series on the family's sleazy background, but the author pointed out, "Penny is not responsible for the dodgy practices of her grandfather," the late patriarch. However, she will get grilled about the failure of a Chicago bank, and other Pritzker businesses to which she was closer. (Incidentally, as Forbes points out, she is worth $1.85 billion, 277th on the Forbes 400 list of richest Americans. Ten members of the Pritzker clan -- known for its internal squabbles -- are on the Forbes 400 list.)

In 2006, residents of Classic Residence by Hyatt at La Jolla Village (which was headed by Penny Pritzker and now has another name) sued Hyatt/Pritzker entities for fraud and deceit, misrepresentation, elder abuse, breach of fiduciary duty and other transgressions. In 2008, the Superior Court suit was settled. Hyatt agreed to pay $2.27 million to residents, although $1.4 million went for their attorney's fees. Hyatt also agreed to have the wellness center open 24 hours a day and staffed by professionals at key hours, and put a 3% ceiling on monthly fee increases through 2013 for those suing.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Police Sorry They Brought Frivolous Lawsuits, Suing Their Lawyer

Next Article

State Looking for Redevelopment Fraud. Suggestion: Grantville

Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader