CALIFORNIA | LOCAL
January 29, 1988
Bellflower has filed suit against E. F. Hutton to recover more than $200,000 that city officials say was lost in last October's stock market crash because the brokerage firm improperly invested city funds. The federal court suit alleges that the investment firm "negligently advised and directed Bellflower in its investment decisions." Bellflower officials say a former account representative with E. F.