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June 04, 1993|From Times Staff and Wire Reports

Sunbeam and Kazarian Slug It Out: Paul Kazarian, the ousted chairman of Sunbeam-Oster, filed a $3.2-billion lawsuit against his investment partners, charging that they cheated and slandered him in a conspiracy driven by "unrestrained greed and malice." The lawsuit is the latest salvo in an unusually ugly and public fight between Kazarian, whose weekend ouster last January surprised Wall Street, and Sunbeam-Oster Co., a maker of small household appliances. He has about 20% control of the company. The latest suit alleges that Mutual Series Funds and Steinhardt Partners removed Kazarian and his partnership groups as "obstacles to their illegal use of Sunbeam-Oster Co. Inc. for their personal gain."

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