Fischbach Corp

Michael Milken returned to federal court Monday and helped two former clients, Victor and Steven Posner, by testifying that he did not inform them of an illegal arrangement with stock speculator Ivan F. Boesky. Milken, 46, who completed a prison sentence earlier this year, spent nearly 2 1/2 hours on the witness stand in U.S. District Court in Manhattan, recalling his role in the 1984 takeover attempt of Fischbach Corp.

Michael Milken to Testify: The once-powerful junk bond dealer is scheduled to testify for the defense Monday in the federal securities law trial of Victor and Steven Posner, the Securities and Exchange Commission and a court clerk said. The SEC sued Victor and son Steven, charging them with violating securities laws by participating in two corporate takeover schemes with Milken and investor Ivan Boesky.

Michael Milken to Testify: The once-powerful junk bond dealer is scheduled to testify for the defense Monday in the federal securities law trial of Victor and Steven Posner, the Securities and Exchange Commission and a court clerk said. The SEC sued Victor and son Steven, charging them with violating securities laws by participating in two corporate takeover schemes with Milken and investor Ivan Boesky.

Michael Milken returned to federal court Monday and helped two former clients, Victor and Steven Posner, by testifying that he did not inform them of an illegal arrangement with stock speculator Ivan F. Boesky. Milken, 46, who completed a prison sentence earlier this year, spent nearly 2 1/2 hours on the witness stand in U.S. District Court in Manhattan, recalling his role in the 1984 takeover attempt of Fischbach Corp.

The federal grand jury indictment against Michael Milken, Lowell Milken and Bruce L. Newberg accuses the defendants of three groups of racketeering law violations. A summary of the allegations follows (Except where indicated, Michael Milken allegedly acted without his two co-defendants.): Actions Involving Ivan F. Boesky Fischbach Corp.

Ivan F. Boesky pleaded guilty Thursday to a felony charge of conspiring to make false statements to the Securities and Exchange Commission. The plea satisfied one condition of his record insider trading settlement with federal authorities.

A grand opening has been held for the Trillium East, the first phase of an eight-acre co-development of Kravetz-Terheggen Partners and Fischbach Corp., on Canoga Avenue between Erwin Street and Victory Boulevard in Woodland Hills. The $165-million Trillum project, when completed in 1988, will contain Trillum West office tower, a hotel, a retail promenade and several restaurants.

The federal grand jury indictment against Michael Milken, Lowell Milken and Bruce L. Newberg accuses the defendants of three groups of racketeering law violations. A summary of the allegations follows (Except where indicated, Michael Milken allegedly acted without his two co-defendants.): Actions Involving Ivan F. Boesky Fischbach Corp.

Ivan F. Boesky pleaded guilty Thursday to a felony charge of conspiring to make false statements to the Securities and Exchange Commission. The plea satisfied one condition of his record insider trading settlement with federal authorities.

Robert Kiley resigned today as the longest-serving chairman of the Metropolitan Transportation Authority, the nation's largest transit system, which carries 6 million passengers daily. Kiley, 55, appointed by Gov. Mario M. Cuomo in 1983, said he will become president and chief executive officer of Fischbach Corp., an electrical engineering firm based in New York.

MIAMI -- Former corporate raider Victor Posner, who once owned Arby's, Royal Crown Cola and Sharon Steel, died Monday of pneumonia at the Miami Heart Institute. He was 83. Posner, a Miami Beach financier and industrialist, was a fearsome corporate takeover artist in the 1960s, '70s and '80s whose empire was once valued at $4 billion. He was named the nation's top-paid chief executive by Business Week in 1985.