UPI’s Bankruptcy Unfolds with a Shock
It has never sounded quite right when I tell people that as a result of my legal advice, UPI declared bankruptcy. But that’s what shortly happened. Kenny and other UPI senior executives followed Nogales’s abrupt departure and resigned. As [...]
The Los Angeles Blow Up
For some time, it had been the view of Nogales and Kenny that the time had come for Ruhe and Geissler to either sell UPI or send it into bankruptcy court for a restructuring. Now Nogales was making the [...]
Ruhe and Geissler Lose Sway as UPI Implodes
As summer 1984 wore on, another Baha’i friend of Ruhe continued to chase payment for enormous consulting fees for an automated accounting system he promised UPI but never delivered. When I joined Kenny and Self urging Ruhe to further [...]
UPI Begins Its Descent into Bankruptcy
In scrambling for cash to meet payrolls, UPI at this time was awash with highly paid consultants. Disadvantaging its growing legion of creditors, Baha’i friends and acquaintances of Ruhe and Geissler increasingly began to propose and execute purchases of [...]
Moving to Nashville as UPI Assistant General Counsel
Ruhe and Geissler had made Linda Neal UPI’s General Counsel after their purchase of UPI. They also had decided to save money by moving UPI’s news headquarters from Manhattan to Washington, D.C., and the company’s corporate headquarters from Scripps’s [...]
UPI—Second Banana to the Associated Press
United Press had been founded in 1907 by E.W. Scripps, the owner of newspapers in Cincinnati, Cleveland, Columbus, and Toledo. The papers covered local news in these cities adequately but were at a disadvantage in covering non-local news. The [...]
Transitioning to United Press International
After I left The Bradford Exchange in 1983, I briefly settled back into the private practice of law. Joining several of my former Roan & Grossman partners as Of Counsel, I worked in a La Salle Street office across [...]
