In a new lawsuit, a co-owner of LA Weekly has accused other owners of a pattern of unethical behavior, including looting the paper’s assets to “enrich themselves,” and is seeking to dissolve the company through which they share ownership.
The lawsuit, filed August 27 in the Los Angeles Superior Court by David Welch, also accuses the other owners of freezing Welch out of management, and of ignoring his attempts to bring ethical concerns to their attention.
Named in the lawsuit are the principle investors in LA Weekly’s parent company Street Media, LLC, which the suit says also operates as Semanal Media LLC: publisher Brian Calle, and co-owners Kevin Xu, Steve Mehr, Wayne Gross, Andy Bequer, Mike Mugel, Paul Makarechian, Alan Greenberg, and professional skateboarder Nyjah Huston.