Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

UT San Diego CEO, John Lynch, sued by American Express in 2010

Hotel developer Doug Manchester and former radio executive John Lynch are on a newspaper shopping spree as of late. First, the duo snatched up San Diego's only daily paper in November of last year and then last week they announced the takeover of north San Diego County's only daily newspaper, the North County Times.

Now, according to a September 17 article in the La Jolla Patch, CEO Lynch reportedly told a group of businessmen that he and Manchester were mulling over whether to buy the Tribune Company, which includes the Los Angeles Times, Chicago Tribune, and others.

But court documents reveal that Lynch appears to have had a history of buying things that he cannot afford.

In 2010 American Express Centurion Bank sued John T. Lynch of Rancho Santa Fe for failing to pay $51,236 in outstanding credit card debt.

"This action is a straightforward consumer credit card collection case," reads the case obtained from the Superior Court house in Vista.

"Defendant began making some payments on John Lynch account...However, Defendant, after October 2009, breached the agreement by failing and refusing to continue making payments on the credit card account," reads the lawsuit.

As a result of defendant's breach, there was and continues to be an unpaid principal balance of $47,691.77, plus accrued interest at the legal rate of 10 [percent] per annum from March 22, 2010 through the date judgement is entered by this Court."

Documents show that Lynch was served papers on April 3, 2010. Within a few days, representatives from American Express Centurion Bank "were attempting to negotiate a settlement" with Lynch.

However, Lynch backed out after an agreement was reached by the two parties.

"A payment plan was agreed upon and a stipulation was sent to the Defendant for signature on April 6th, 2010. However, Defendant has failed to sign this stipulation..."

According to a settlement agreement, Lynch is required to pay $44,051.83 by October 31, 2012.

When asked about the lawsuit John Lynch sent the following response: "There was a dispute over a large incorrect charge and all was resolved and any balance was paid."

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Pie pleasure at Queenstown Public House

A taste of New Zealand brings back happy memories
Next Article

Syrian treat maker Hakmi Sweets makes Dubai chocolate bars

Look for the counter shop inside a Mediterranean grill in El Cajon

Hotel developer Doug Manchester and former radio executive John Lynch are on a newspaper shopping spree as of late. First, the duo snatched up San Diego's only daily paper in November of last year and then last week they announced the takeover of north San Diego County's only daily newspaper, the North County Times.

Now, according to a September 17 article in the La Jolla Patch, CEO Lynch reportedly told a group of businessmen that he and Manchester were mulling over whether to buy the Tribune Company, which includes the Los Angeles Times, Chicago Tribune, and others.

But court documents reveal that Lynch appears to have had a history of buying things that he cannot afford.

In 2010 American Express Centurion Bank sued John T. Lynch of Rancho Santa Fe for failing to pay $51,236 in outstanding credit card debt.

"This action is a straightforward consumer credit card collection case," reads the case obtained from the Superior Court house in Vista.

"Defendant began making some payments on John Lynch account...However, Defendant, after October 2009, breached the agreement by failing and refusing to continue making payments on the credit card account," reads the lawsuit.

As a result of defendant's breach, there was and continues to be an unpaid principal balance of $47,691.77, plus accrued interest at the legal rate of 10 [percent] per annum from March 22, 2010 through the date judgement is entered by this Court."

Documents show that Lynch was served papers on April 3, 2010. Within a few days, representatives from American Express Centurion Bank "were attempting to negotiate a settlement" with Lynch.

However, Lynch backed out after an agreement was reached by the two parties.

"A payment plan was agreed upon and a stipulation was sent to the Defendant for signature on April 6th, 2010. However, Defendant has failed to sign this stipulation..."

According to a settlement agreement, Lynch is required to pay $44,051.83 by October 31, 2012.

When asked about the lawsuit John Lynch sent the following response: "There was a dispute over a large incorrect charge and all was resolved and any balance was paid."

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Manchester Fails to Corral O.C. Register

Next Article

Tronc eludes John Lynch’s embrace

Ex-Union-Tribune chieftain misses deal’s gold ring
Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader