Tony Lopez: TikTok Star, Age, Height, Girlfriend, Net Worth ! Many people are also curious about Carl Karchers marital status, particularly whether or not he is single. The third of eight children, he was raised on a farm near Upper Sandusky . Weve found it to be Capricorn for Carl Karchers zodiac sign. March 30, 2010 . The $10,500 will be held in escrow and eventually will be paid to the buyers of Karcher's 50 shares, Matteson said. Brand: Carl's Jr. [citation needed], borrowed $311 against their Plymouth automobile. Holliday estimated that legal costs could have approached $1 million for all seven Karcher family defendants. "We hadnt been looking, but when we discovered Daves, we loved everything about it," said Joe, who also operates 60 Carls Jr. units, six locations of The Human Bean and five Jersey Mikes shops. The franchise is led by Carl Leo Karcher, whose father, Carl N. Karcher, founded Carls Jr. 80 years ago. But even when business was bad, Karcher was always looking at the bright side. Explore. Laura leads the overall editorial direction of Franchise Times. Carl Nicholas Karcher, son of peasants Leo and Anna Maria Karcher, was born on a local farm. Since we signed on, Ive been wanting to selfishly open this so I can go eat there.". We and our partners use cookies to Store and/or access information on a device. Mooyah Burgers, Fries & Shakes inked a three-unit agreement to develop restaurants outside of Los Angeles. Early life Born on a farm near Upper Sandusky, Ohio, Karcher was the son of Ohio natives Leo and Anna Maria (Kuntz) Karcher. Guide to Selecting Buying and Owning A Franchise, Son of Carls Jr. founder gets into Daves Hot Chicken, Restaurant Operators List Store Remodels, Tech as Top Areas for Investment, Minnesota Firehouse Subs Franchisee Files for Chapter 11 Bankruptcy, Black Panther Actor Has Another Big Role: Franchisee, Dunkin Franchisees See Big Potential in Chicken Chain Wings Over, Meet the Women Leaders Pushing Swig's Rapid Growth in Deal of the Year. To begin, how well-versed are you in Carl Karcher? Companies. The. Carl Karcher is 74 years old and was born on 09/13/1948. Reached at Karcher Enterprises on Monday, DeShano expressed relief that the case is over but added that he is disappointed and upset by the amount of the fine. You may occasionally receive promotional content from the Los Angeles Times. Information: 909-494-6122, 'The court finds there has been a violation of (securities laws) and the defendant should be required to disgorge the amount he would have lost,' Rafeedie said. Move throughout the restaurant and observe restaurant operations and employee work performance. To differentiate itself from Taco Bell, Taco de Carlos served place-specific food like a California Burrito, as well as Carls Jr. hamburgers. Why is Frank McCourt really pushing this? When it comes to Carl Karchers net worth in 2022 and anything else youll need to know about him, weve done our best to provide you with all you need to know. Pictured, l-r, are Quentin Wall, Michael Miller, sons Joseph Karcher and Carl Leo Karcher. Judge Rafeedie has set April 11, 1989, as the date to start what is expected to be a four- to six-week trial of all the defendants in the case. His six relatives could have been ordered to repay a total of $1.3 million. See Photos. Karcher was an early backer of Schmitzs campaign. Nationality: United StatesExecutive summary: Founder of Carl's Jr. Carl Karcher dropped out of school after eighth grade to work on the farm where his father was a sharecropper. Property Number: 7379. Leo Karcher's grandparents immigrated from Belgium; Anna Maria Kuntz was of German ancestry. APRIL 15, 1988--SEC files lawsuit accusing Carl N. Karcher, 14 family members and one employee of insider trading. View job listing details and apply now. Carl Karcher, founder of Carl's Jr. restaurant chain, dead at 90, Carl Karcher, Founder of Carl's Jr. Chain, Dies at 90, Biography and video at Carl's Jr. company site, "Carl Karcher, devout Catholic and founder of Carl's Jr. hamburger restaurant chain, dies", "Carl Nicholas Karcher Obituary (2008) Los Angeles Times", "Obituary: John Schmitz, Former Right-Wing Congressman From Orange County",, This page was last edited on 2 December 2022, at 07:29. Above all, he was committed to his family and to his political advocacies. Address: 9861 De Soto Ave Chatsworth, CA - 91311 Property Description: 7379 - 9861 De Soto Ave, Chatsworth Property Number: 7379. Hours: 10:30 a.m.-midnight Sunday through Wednesday; 10:30 a.m.-1 a.m. Thursday through Saturday. It is stated that Karcher was heartbroken to learn that Carls Jr., a corporation he established on Christian ideals, had adopted such an immoral action in its advertising efforts of the 2000s. In 1997, CKE Restaurants acquired Hardees, the fast-food chain predominantly in the Midwest, Mid-Atlantic, and Southeast, for $327 million. The Horatio Alger Award for his distinction in accomplishments through individual initiative, hard effort and dedication to traditional ideas was given to Karcher in 1979.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'besttoppers_com-leader-1','ezslot_9',117,'0','0'])};__ez_fad_position('div-gpt-ad-besttoppers_com-leader-1-0'); The Knights of Malta counted Karcher among their number. An attempt last May to settle the SEC suit fell apart when federal prosecutors refused to rule out the possibility of criminal prosecution. He was 90. Known as the Briggs Initiative, he donated $1 million in 1978 to Californias Proposition 6, which would have prohibited LGBT individuals from working in Californias public schools. The chain also hired Hugh Hefner for TV ads in 2003. The accord also requires the six relatives to pay, overall, another $332,000 to the federal government. [13] Carl and Margaret had 12 children. You may occasionally receive promotional content from the Los Angeles Times. Case resolved for $664,00 in July 1989. The Karchers plan to open their first Dave's Hot Chicken in the fall. Best Match Powered by Whitepages Premium AGE 70s Carl Leo Karcher Jr Palm Desert, CA (Palm Vista) Aliases Karcher Enterpris Carl Carl L Trustee View Full Report Addresses Fast-food pioneer Carl Karcher, founder of Carl's Jr. restaurants, has resigned from the board of directors of parent company CKE Restaurants Inc. On Monday, the company honored Karcher,. Profile. Top Ten Most Expensive Bikes in the World. The LaVecke brothers at one time owned 80 Hardee's, 85 Carl's Jr., 11 Pizza Patron and 22 KFC restaurants, holdings that are making their way through bankruptcy court. How to avoid leaving money on the table, Congressional investigators blame airlines for most flight cancellations, First Republic Bank stock plunges to record low as rescue plan proves elusive, Fed faults Silicon Valley Bank execs and itself in bank failure. New franchisees and will open Mooya restaurants in Claremont, California. On January 11, 2008, only five days before his 91st birthday, Karcher died of Parkinsons disease complications at 90. She was 91. The statement also showed that for the third quarter ended Nov. 2, 1984, Karcher Enterprises anticipated that profits could be as much as 50% below the same period of the prior year. Carl Karcher Enterprises, Inc. is now hiring a General Manager in Woodland Hills, CA. In 1956 Karcher launched the first two Carl's Jr. restaurants in Anaheim and nearby Brea. I could not sell any securities . A margin account allows its holder to buy stock or other securities partially on credit. Want more? Leo Carl. Jacy and Kacy: YouTubers, Real Names, Parents, Net Worth ! FEB. 13, 1989--Six defendants, including company president Donald F. Karcher, agree to pay a total of $187,560 to settle their part of the case. The Carl's Jr. Legacy Oral History Project Delves Into Life of Carl Karcher, Food Visionaries. American businessman, founded Carl's Jr. Carl Nicholas Karcher SMOM (January 16, 1917 - January 11, 2008) was an American businessman who founded the Carl's Jr. hamburger chain, now owned by parent company Snow Star LP. The Karchers plan to open their first Daves Hot Chicken in the fall. Net worth is the total of Carl Karchers assets and liabilities. The SEC had alleged that Karcher and others supplied private insider information to help his relatives avoid stock market losses of at least $310,000 in 1984. Born on a farm near Upper Sandusky, Ohio, Karcher was the son of Ohio natives Leo and Anna Maria (Kuntz) Karcher. In 2002, a group of Carl's Jr. employees sued, alleging they had been fired for complaining about racial slurs from their bosses on the job. How Palm Springs ran out Black and Latino families to build a fantasy for rich, white people, 17 SoCal hiking trails that are blooming with wildflowers (but probably not for long! SEPT. 12, 1988--Judge Edward Rafeedie rules that there is enough evidence to find that Carl Leo Karcher violated insider trading laws. Now, he continued, both delivery and takeout are driving sales at existing units. He was well-known for leading the Pledge of Allegiance to the American flag at the outset of CKE board meetings as a staunch conservative supporter. Delivering baked goods, Karcher noticed that there were thriving hot dog stands everywhere, and decided there was money to be made selling "fast food". In 2006, Carl's Jr. partnered with the Palms Casino in Las Vegas to show that Carls Jr. hamburgers were more high-end and lavish than typical fast food. 'This is not a case of the type that has been in the headlines in recent days involving willful manipulation and repeated transactions,' Rafeedie said. Restaurants. He contributed heavily to anti-abortion groups, and was the largest single contributor to a 1978 ballot initiative in California that would have required public schools in California to fire any teachers known to be gay or lesbian. Explore. His daughter, Carleen Karcher, preceded him in death in 1993. In honor of their philanthropic and entrepreneurial contributions to Anaheim and Orange County,. Phenix Salon Suites closed on a three-unit franchise agreement for Pittsburgh with Scott Kramer. One of the oldest remaining knights orders, the Sovereign Military Order of Malta, was his honorary title of honorary member (SMOM). . There are now more than 1,000 restaurants in the chain, most of them in the western and southwestern United States. [12], Karcher was a devout Catholic and an active member of the Sovereign Military Order of Malta. Its backers include rapper Drake, according to the company. Rush Cycle signed a multi-unit deal with former Rush instructors Sara and Nicholas Dillard, who will open four locations in the Montgomery market near Houston. Because his neighborhood had a bunch of successful hot dog stands, he wanted to get in on the action. One of the successful restaurateurs who started from scratch was born in Ohio, USA on January 16, 1917. On July 17, 1941, Carl Karcher sold 10-cent hot dogs, tamales and chili dogs at the c On his 28th birthday, January 16, 1945, they opened their first restaurant, Carl's Drive-In Barbecue, in Anaheim. "I think theyll love the craveability of it. In 1988, Karcher was fined $688,000 for insider trading, after allegedly advising members of his family of the best time to buy stock in the company. He has a master's degree from Claremont Graduate University and a bachelor's degree from Pepperdine University. They have also lived in Manitou Beach, MI and Cary, NC. Salaries. The Wire is the place to find news of multi-unit development agreements, brought to you by Editor Laura Michaels. Property . Able to lift 50 - 75 pounds comfortably. He was hired by his uncle and worked for him for three years, and later dropped that job to work at a bakery as a delivery boy which increased his weekly salary by $6. Carl Leo. Starting on the Pacific coast in 1941 - nearly 20 years before future brother-company Hardee's - Carl and Margaret Karcher borrowed $311 against their car. Furthermore, we will update the facts in this article on Carl Karchers family. Charges against the other defendants named in the SEC complaint were resolved earlier. An example of data being processed may be a unique identifier stored in a cookie. In April, the judge dropped Margaret Karcher, the founders wife, from the lawsuit. [4] Their son, Jerome T. Karcher, who is a priest in the Roman Catholic Diocese of Orange, received the Man of Character Award from the Boy Scouts of America for founding Mercy House in Orange County for the homeless. In 1981, Karcher took CKE public, and by the end of the decade, the Securities and Exchange Commission was accusing him of insider trading. Karcher put up a similar car to secure a loan for $311 to buy his first hot-dog cart in 1941, said CKE President and Chief Executive Andrew Puzder. [14]. While Carl Karcher did not sell any shares, other relatives and employees did and avoided combined losses of $310,000 when the stock price plunged following the earnings report, the SEC suit said. SEC attorney Karen Matteson asked for sanctions of $31,500 to punish Karcher, but Rafeedie declined. Eventually, Carl's added hamburgers at several new, smaller locations, with the new restaurants dubbed Carl's Jr. because they were scaled-down, smaller versions of Karcher's first restaurant. Hungry? Sign In. Their stand was a hit, so the Karchers soon opened three more hot dog stands in southern California. Of the 16 defendants sued last year for insider trading, only DeShano was criminally charged. KARCHER HAD AN ENORMOUS FAMILY. At the time, Carl Leo Karcher told the SEC: I knew that I could not profit from any information that was not public., But since I was so close to a margin call and I had no idea what would happen with the results of the information being released later on, I thought . Daves has a short menu featuring chicken tenders and sliders, plus fries, kale slaw, mac and cheese and milkshakes. At Carl Karcher Enterprises, chief financial officer Loren Pannier said he was delighted that we have put this behind us.. The younger Karcher explained that he owed Bateman Eichler about $836,000 on his margin account, with monthly interest payments of about $14,824. By settling the case, Karcher chose to avoid both the emotional and financial costs of a trial, his lawyer said. Log in or sign up for Facebook to connect with friends, family and people you know. Carl Leo. (Photo by Fielding Buck, The Press-Enterprise, SCNG), Daves Hot Chicken is opening a location in San Bernardino. Phelps, the co-founder of Wetzels Pretzels who also helped launch 350-unit Blaze Pizza, joined Daves Hot Chicken as CEO last fall. Since then, Carls Jr. has paid other female models and celebrities to appear in ads, such as Padma Lakshmi, Heidi Klum, Kim Kardashian, and Sports Illustrated models Kate Upton and Hannah Ferguson. Stand for long periods of time. died on Jan. 11 and was founder of the Carl's Jr. restaurant chain and an Orange County civic leader . As of Jan. 11, 2008, Carl Karcher has reached the age of 90. Early life. At the meeting, Carl Leo Karcher told the SEC, he was surprised to see a financial summary that showed that for the month of September, 1984, the company expected an 83% drop in earnings from the year before. When Carl N. Karchers uncle had a small business in Anaheim, California, he decided to move there with his family. After trying and failing to establish Carls Jr. in Texas in the 1980s and 1990s, CKE Restaurants has been focusing on Texas, specifically Dallas/Fort Worth and Houston, as its top growth market since 2009. According to the SECs lawsuit, Carl N. Karcher illegally tipped some of his relatives in late 1984 about an expected drop in earnings at his Anaheim company, which operates the Carls Jr. restaurant chain. His grandparents had emigrated from Belgium, but his grandmother was of German descent. He was born in Ohio on January 16th, 1917. Companies. Select the best result to find their address, phone number, relatives, and public records. If the judge rules in Carl Leo Karchers favor, the complaint will be dismissed against him alone. MAY 5--The tentative settlement is stalled when the U.S. attorneys office refuses to guarantee that it would not file criminal charges against Carl N. Karcher and his relatives. Furthermore, we will update it once it is available. Carl's Jr was accused of "hamburger porn" for its 2005 television ads featuring a bikini-clad Paris Hilton munching a Carl's Jr. burger while washing a car in an allegedly prurient manner. Karcher was a lifelong member of the Republican Party and a staunch financial supporter of conservative causes. He passed away in Ohio on January 11th. With four successful hot dog stands under his belt, Karcher opened a sit-down, full-service restaurant in Anaheim in 1945. Jobs. When I learned . He was awarded the Horatio Alger Award for his humanitarian work in 1979. Karcher originally authorized sale of 75 shares, but stopped the sale of the final 25 shares after a company attorney told him the transaction likely violated securities laws, Armstrong said. However, he is nowhere found on any kind of social media. Born: 16-Jan-1917Birthplace: Sandusky, OHDied: 11-Jan-2008Location of death: Fullerton, CA [1]Cause of death: PneumoniaRemains: Buried, Holy Sepulcher Cemetery, Orange, CA, Gender: MaleReligion: Roman CatholicRace or Ethnicity: WhiteSexual orientation: StraightOccupation: BusinessParty Affiliation: Republican. Kramer is an area sales manager for BTL Aesthetics and has been in sales most of his career. The case is settled. (Fun fact: There is no Carl Karcher Jr., though Carl and Margaret did have a son named Carl.). Address: 5633 Whittier Blvd. (Photo by Fielding Buck, The Press-Enterprise/SCNG), Daves Hot Chicken will open Oct. 1 in San Bernardino. Property Description: 7379 - 9861 De Soto Ave, Chatsworth. 2023 Minute Media - All Rights Reserved, same branding, logo, advertising, and design as Carls Jr. Unlike the Karcher family agreement, the DeShano settlement has not yet been approved by the SEC in Washington, but such approval is expected soon, sources close to the case said. The best result we found for your search is Carl Karcher age 20s in Jackson, MI in the Cascades neighborhood. Quick Hits In 1972, the American Independent Party nominated Schmitz for president. A popular brand of spicy chicken has arrived in the Inland Empire. Carl's Jr. launched a line of chicken sandwiches in May and expanded it. Jobs. Brand: Carl's Jr. Salaries. LOS ANGELES -- A federal judge Monday found Karl Leo Karcher, son of the Carl's Jr. restaurant chain's founder, guilty of insider trading for selling off company stock shortly before it. Carl Karcher Enterprises, Inc. is now hiring a District Manager in San Gabriel, CA. Carl Leo. Brand: Carl's Jr. What is Carl Karchers weight and height?Despite being of normal height and weight, Carl Karcher appears to tower above the rest of the crowd in his photographs. He was awarded the Horatio Alger Award for his humanitarian work in 1979. 6. What is Carl Karchers net worth?Karchers net worth is reported to be $100 million, and Carls successful career as an American businessman has helped him earn enormous riches. This site uses Akismet to reduce spam. General terms of the settlement with the Karcher family were approved several weeks ago by the SEC in Washington, SEC attorney John Koutsos said. [3][4] The stand initially sold hot dogs and Mexican tamales. Work with various cleaning products. Giesen is a multi-unit owner with 15 restaurants in Ohio and Colorado across brands including Arbys and Freddys Frozen Custard and Steakburgers. "[11], On January 16, 2007, his 90th birthday, Karcher and his deceased wife Margaret were recognized with the placement of a star on the Anaheim/Orange County Walk of Stars. La Puente, CA - 91744. Parked at the corner of Florence and Central in South Central Los Angeles, business boomed, and within a few years he had several hot dog carts. Street artists create unique wall art for each location of Daves Hot Chicken. Karcher was investigated and sued by the Securities and Exchange Commission for insider trading after allegedly telling family members to sell their stock in advance of a poor earnings report. Despite being of normal height and weight, Carl Karcher appears tall above the rest of the crowd in his photographs. Due to the great depression of the 1930s, he was forced to quit school at age 14 to help in the farm. Carl Leo Karcher was fined $10,500. Previously cities included Park City UT and Thousand Palms CA. The company eventually paid $255,000 to settle the suit out of court. A star was placed on the Anaheim/Orange County Walk of Stars in honor of Karcher and his late wife Margaret on January 16, 2007, his 90th birthday. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Careers. According to Koutsos, the settlement reached with the Karcher family is fairly standard in an insider-trading case. or. [4][5], Their restaurant quickly expanded, with the restaurants numbering 100 by 1974 and over 300 by 1981. Address: 210 S. Hacienda Blvd. Carls Drive-In Barbecue started in Anaheim on January 16, 1945, on his 28th birthday. A restaurant was also announced by the City of Menifee as a tenant of Menifee Plaza in February, 2020. Find your friends on Facebook. Sign up for our weekly food newsletter The Eat Index and find out about the latest restaurant and brewery happenings in the Inland Empire. Street artists create unique wall art for each location of Dave's Hot Chicken. Times Staff Writers. Brokerage houses require the holder to keep a minimum amount of equity in the account. In 1941, Carl opened a hot dog stand in central Los Angeles using borrowed funds as his initial capital. It was the. It was a full-service restaurant in a clean and brightly-colored setting. Work with various cleaning products. Were watching things and will update his data as soon as its available. When his uncle who lived in California offered him a job at his feed store, he immediately accepted it though the salary is meager at $18 a week. DeShano and Carl Leo Karcher, the family member who was found guilty of civil insider trading charges 5 months ago, were the only two defendants in the SEC case who were alleged to have directly . at the time if I was selling it at a loss, Karcher told SEC lawyers. DeShano could have been assessed a total of $49,584 had he lost at a civil trial. "Portland is a very foodie town, theyre always excited about new concepts," said Alex. Top 10 Best Universities around the World, Crazy Rich Asians Star Henry Golding and his wife Liv Lo, expecting their first child: 2021 is already looking brighter!, Kyler Steven Fisher: Biography, Family, Relationship, Career, and Net Worth. In addition to Carl Karcher they are: his daughter, Catherine Karcher Everly and her husband, Daniel Everly; daughter Margaret J. LaVecke; daughter Barbara Karcher Wall; son Jerome Karcher, and a son-in-law, Donald E. Fergus Jr. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Together with the $15 they had in . But on the same day he ordered the debentures sold, the younger Karcher testified, he was told by Karcher Enterprises Chief Financial Officer Loren Pannier that he should not sell any shares or debentures before the company issued a news release about its third quarter results. Our six-week newsletter will help you make the right decision for you and your property. . Show more. When he died from Parkinson's disease in 2008, Carl was almost 91 years old and left behind a huge family. Attorneys close to the case said the family received that guarantee in the settlement announced Monday. Karcher, by then no longer in command Carl's Jr., said he was "just heartbroken that a company he founded on Christian principles has taken such an amoral act". In recently filed documents, the SEC contends that Carl Leo Karcher should be found guilty and fined without a trial because he admitted under oath that he told his broker to sell Carl Karcher Enterprises debt securities after learning that the fast-food company was about to report a dramatic drop in earnings. Carl Nicholas Karcher SMOM (January 16, 1917 January 11, 2008)[1] was an American businessman who founded the Carl's Jr. hamburger chain, now owned by parent company Snow Star LP. That location is listed as coming soon on the Daves Hot Chicken website. . He was 90. His name was Carl Nicholas Karcher, the founder of Carl's Jr., a chain of restaurants under CKE Restaurants, Inc. Carl Karcher (Credit: wiki commons)) Furthermore, we know very little about Carls early life.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'besttoppers_com-medrectangle-3','ezslot_5',112,'0','0'])};__ez_fad_position('div-gpt-ad-besttoppers_com-medrectangle-3-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'besttoppers_com-medrectangle-3','ezslot_6',112,'0','1'])};__ez_fad_position('div-gpt-ad-besttoppers_com-medrectangle-3-0_1'); .medrectangle-3-multi-112{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:7px !important;margin-left:auto !important;margin-right:auto !important;margin-top:7px !important;max-width:100% !important;min-height:50px;padding:0;text-align:center !important;}. U.S. District Judge Edward Rafeedie is to rule Sept. 12 on the SECs motion for a summary judgment. Carls Jr. also partnered with Wallys Wine & Spirits to curate a list of recommended wine pairings: For example, the Jalapeo Six Dollar Burger goes well with Champagne, the Bacon Swiss Crispy Chicken Sandwich with Pinot Noir, and the Charbroiled Chicken Club Sandwich with Chardonnay. . One of Carl Karcher's sons, Carl Leo Karcher, a CKE vice president, was found to have violated insider-trading laws. ), At Willie Nelson 90, country, rock and rap stars pay tribute, but Willie and Trigger steal the show, Bank rates are up. Carl N. Karcher, founder of the Carls Jr. hamburger chain, and six of his relatives agreed Monday to settle civil charges of insider trading by paying a total of $664,000. Starstruck Season 3: BBC Release Date, Cast, Plot, Trailer, And Everything Else That You Need To Know! The partnership resulted in a Combo Meal, available only at the Palms hotel, consisting of a Carls Jr. Six Dollar Burger,fries, and a $6000 bottle of French Bordeaux. Fast-food pioneer Carl Karcher, founder of Carls Jr. restaurants, has resigned from the board of directors of parent company CKE Restaurants Inc. On Monday, the company honored Karcher, 87, at its annual shareholder meeting in Anaheim with a restored vintage Plymouth. He did not have the intent to defraud or manipulate, Armstrong said in an interview. Explore. The chain began with a hot dog cart owned by a 24-year-old Ohio native Carl Karcher, who came to Anaheim in 1937 to work in a seed and feed store owned by an uncle. Carl Karcher launched his hamburger empire of 450 restaurants in California, Oregon, Nevada and Arizona with a hot dog stand in Los Angeles in 1941. The chain's hundredth restaurant opened in 1975. APRIL--Civil charges against Margaret Karcher, wife of Carl N. Karcher, are dismissed. Carl N. Karcher, founder of the Carl's Jr. hamburger chain, and six of his relatives agreed Monday to settle civil charges of insider trading by paying a total of $664,000. Karcher's lawyer, Orville Armstrong, said his client was aware of the earnings report before it was made public, but 'didn't have the mental state intending to defraud' buyers of the stock. The third-quarter earnings finally were announced on Oct. 23. until a press release announcing (the results) was released, I immediately attempted to cancel my order to sell the 75 debentures, the younger Karcher said in his court papers. Times Staff Writer Margaret Heinz Karcher, whose husband Carl founded the Carl's Jr. restaurant chain, has died.

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