Alan Clore

Jefferies & Co. said companies controlled by former KaiserTech Chairman Alan E. Clore paid Jefferies about $6.9 million to satisfy a debt resulting from Clore's purchase of KaiserTech limited common stock last October. The stock purchases, ordered by Clore and entities he controlled, were responsible for almost all of a loss reported in the fourth quarter of last year by Jefferies, the Los Angeles-based securities firm that executed the order.

The tribulations of British investor Alan E. Clore were responsible for almost all of the up to $10-million loss that the Jefferies & Co. securities firm incurred in October because of the stock market plunge, it was revealed Tuesday. KaiserTech Chairman Clore disclosed in a filing with the Securities and Exchange Commission that he placed orders with Jefferies in October for $17.2 million of KaiserTech stock but never paid for the shares.

Five KaiserTech directors sued company Chairman Alan E. Clore on Thursday, charging that his agreement to sell his 27% stake in the Oakland aluminum producer is a breach of contract and that he has "ceased to be a person of good repute and integrity." The suit seeks to block what it contends are Clore's plans to place on the 14-member KaiserTech board eight new directors who are being selected by Charles Hurwitz, chairman of Maxxam Group.

Beleaguered KaiserTech Chairman Alan E. Clore has agreed to sell his stake in the Oakland-based aluminum company to a firm controlled by Texas financier Charles E. Hurwitz, it was announced Monday. Hurwitz, a low-profile Houston deal maker known for his takeovers, also owns a lumber company that has been criticized recently for chopping down too many old redwoods in Northern California. Hurwitz's Maxxam Group, a New York-based real estate and forest products company, will pay between $229.

The tribulations of British investor Alan E. Clore were responsible for almost all of the up to $10-million loss that the Jefferies & Co. securities firm incurred in October because of the stock market plunge, it was revealed Tuesday. KaiserTech Chairman Clore disclosed in a filing with the Securities and Exchange Commission that he placed orders with Jefferies in October for $17.2 million of KaiserTech stock but never paid for the shares.

Jefferies & Co. said companies controlled by former KaiserTech Chairman Alan E. Clore paid Jefferies about $6.9 million to satisfy a debt resulting from Clore's purchase of KaiserTech limited common stock last October. The stock purchases, ordered by Clore and entities he controlled, were responsible for almost all of a loss reported in the fourth quarter of last year by Jefferies, the Los Angeles-based securities firm that executed the order.

Five KaiserTech directors sued company Chairman Alan E. Clore on Thursday, charging that his agreement to sell his 27% stake in the Oakland aluminum producer is a breach of contract and that he has "ceased to be a person of good repute and integrity." The suit seeks to block what it contends are Clore's plans to place on the 14-member KaiserTech board eight new directors who are being selected by Charles Hurwitz, chairman of Maxxam Group.