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American Continental Corp

BUSINESS
November 1, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
Like a recurring public nightmare, Charles H. Keating Jr. goes to court again. This time, the former Lincoln Savings & Loan operator, who became the symbol of arrogance and greed in the scandal-scarred thrift industry, faces two federal indictments charging him with 73 counts of fraud, conspiracy and racketeering. Testimony in the trial of Keating and his son, Charles H. Keating III, is expected to get under way this week.
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BUSINESS
October 22, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal judge in Tucson on Wednesday slashed by 64% July's $4.1 billion in jury awards against former Lincoln Savings & Loan owner Charles H. Keating Jr. and two others. In reducing the total award to nearly $1.5 billion, U.S. District Judge Richard M. Bilby said the jury had expressed its anger over a fraud that bilked $288.7 million from small investors in the Irvine thrift's parent company, American Continental Corp. As part of his order, the judge cut in half the $1.
BUSINESS
September 23, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
The federal agency charged with cleaning up failed thrifts accused a developer funded by Lincoln Savings & Loan of hiding assets to avoid paying a possible judgment or settlement in the government's pending $2.7-billion fraud and racketeering lawsuit. The Resolution Trust Corp. asserts in a new lawsuit, filed in U.S. District Court in Phoenix late Monday, that Emerald Homes Inc.
BUSINESS
September 15, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
A federal judge in Tucson approved an initial payout Monday of $70 million to small investors in the civil securities fraud and racketeering case against Charles H. Keating Jr., his aides and professional advisers. Small investors, who won settlements as well as a jury award, can expect to begin receiving their share of the first distribution of money within a month, said Ronald Rus of Orange, one of the investors' lawyers. U.S. District Judge Richard M.
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