Los Angeles
Mar 27, 2024
Shangri-La accuses former CFO of embezzling $40M intended for homeless housing
Developer sues, alleging executive spent firm’s cash on luxe homes, cars and handbags
Shangri-La Industries
Los Angeles
Dec 1, 2023
Even with $120M in state grants, Shangri-La Industries can’t repay loans
LA firm owes $41M in defaulted debt tied to seven Project Homekey motel conversions
Los Angeles
May 3, 2024
Shangri-La files for Chapter 11 on four motel-to-home conversions
LA developer accused by the state of misappropriating $114M in Project Homekey funds