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BRIEFLY

November 09, 1987

A federal judge dismissed a lawsuit against Ivan F. Boesky, alleging that he was liable for a series of investment losses suffered by two people because of illegal actions tied to his insider trading activity. The suit, filed under federal civil racketeering statutes on behalf of Isabel Sterber of New Jersey and Aline K. Halye of Connecticut, contended that activities by Boesky had artificially inflated prices of certain stocks and options that the women had purchased. The suit sought unspecified damages. However, U.S. District Court Judge Gerard Goettel ruled in White Plains, N.Y., that the injuries the two women alleged in the lawsuit were not necessarily a result of Boesky's activities.

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