Exclusive | La Times struck with a $ 24m trial for allegedly failure to pay rent, leaving the printing plant covered in ‘toxic stains with paint’

The owner of the Los Angeles Times billionaire was hit with a $ 24 million lawsuit by the landlord of his printed plant supposedly failure to pay the rent and leaving the building in “severe inconsistencies”.

Alameda real estate developer claimed that entrepreneur Bio-Tech Patrick Soon-Shiong and rental guarantor Nantmedia violated the lease for the Olympic plant in downtown LA, which times left last March.

The object was covered in “toxic paint stains”, “holes in the walls” and other damage such as “active leaks”, according to the lawsuit filed in the Supreme Court left in late January.

The case, which has been delayed in courts due to the latest fires in LA, is currently resuming and being discovered.

Alameda lawyers said Nantmedia, which is owned by the soon-to-American company, lost renting and refused to pay six months of interest in late payments.

Despite having a rent that would give LA Times the opportunity to continue operating the factory by 2042, soon-to-shiong “chose to abandon the facility” to reduce costs, it is said in the lawsuit, noting that the rent was completed last March and that the tenant was supposed to be out of the facility-to leave it in good 20 August 2024.

But La Times did not rest the plant until September 30, “relying on rental obligations and leaving it on the shames and uncertain,” the lawsuit claims, adding that the iconic plant was built by LA Times in 1989 “during its day as one of the most respected newspapers in the country.”

“La Times left toxic paint stains, torn floors, active leaks, wall holes and other damage across the premises,” according to the complaint, which provided images of damage.

Alameda added that the LA Times also did not adhere to its agreement to restore the plant to its original state, leaving “hundreds of meters of canals and canals, as well as parts of a large, known as” quiet room “that LA Times employees used to operate printing houses”.

According to the lawsuit, Alameda estimated that it cost the company millions of dollars to return the factory to its original state – along with more than $ 20 million in estimated holding and the next retention rent.

A lawyer for LA Times and Nantmedia called the claims in this lawsuit “without merit”.

“Our client is looking forward to resolving the case,” he told the lawyer on Monday.

Alameda’s lawyers also called on the soon-shiong for the claim of “mismanagement and penny” while he seeks to cut costs in the publication of the flag.

“The La Times mandate in the Olympic printing lawsuit should not be completed in this way, as another victim of Mr. Son-Shiong and Penri mismanagement. It is clear that the defendants made a strategic decision to ignore their legal obligations to turn the premises into an appropriate state,” the lawsuit reads.

The plant collapsed as part of the bankruptcy of the former owner The Tribune Co. In 2012, and Times became the tenant a year later. Soong bought the newspaper in 2018, and since then, the newspaper “fell down”, the lawsuit reads.

Last year, soon-Shiong said the publication was losing $ 30 million to $ 40 million a year, and reduced over 115 jobs or more than 20% of its editor with 500 persons-marking one of the largest workforce reductions in the newspaper’s 142-year history.

At the time, Soon-Shiong said he was looking for a better “balance” for covering the liberal editorial of the letter after he blocked his editorial board from publishing the approval of the then-democratic presidential candidate, Kamala Harris.

The mass sparked internal riots and anger among readers, with thousands canceling their reconciliations and some staff of the La Times editorial staff, resigning in protest for its change in politics.

Earlier this year, soon-Shiong offered a round of shopping for employees who have worked on paper for two years in an effort to reduce costs and reorie the newspaper in the middle.