24 Hrs
Source:
Los Angeles Times
L.A. wins fight over $50M zoo endowment
A federal judge dismissed the Greater Los Angeles Zoo Assn.'s bankruptcy case, favoring the city’s effort to gain control of a $50-million endowment critical for the zoo’s funding. The lawsuit, filed by Los Angeles in 2024, alleges breach of contract and misuse of funds by GLAZA, which has managed fundraising for the zoo since 1963. The ruling supports the city's position that GLAZA filed for bankruptcy to delay legal proceedings amid ongoing issues with aging exhibits, funding shortages, and struggles to maintain accreditation at the deteriorating Griffith Park zoo.
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