Court Appoints Receiver to Investigate SF Weekly's Finances in Bay Guardian Case

may 28, 2010  06:36 pm
The California Superior Court has appointed a receiver to investigate the finances of SF Weekly and its parent company, with an eye towards developing a plan to pay the San Francisco Bay Guardian the $22 million it is owed in the predatory-pricing lawsuit. "This is a very significant step forward in our collection efforts," Guardian editor and publisher Bruce Brugmann says. The Weekly has said all along it won't pay any damages until it has exhausted its appeals. As we noted earlier in the week, the California Court of Appeals has scheduled a June 11 hearing to hear the Weekly's case.