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Gaf Corp

BUSINESS
January 11, 1989 | DOUGLAS FRANTZ, Times Staff Writer and
Even after pleading guilty to a pair of felonies nearly two years ago, Boyd L. Jefferies enjoyed a cleaner reputation than others caught in the securities industry corruption scandal. The word from his lawyers, colleagues and Jefferies himself was that his crimes were minor violations of arcane laws, an innocent reflection of the master trader's zeal to accommodate clients. "These were extremely technical, really closer to civil violations," Jefferies, the founder of Jefferies & Co.
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BUSINESS
January 6, 1989 | PAUL RICHTER and SCOT J. PALTROW, Times Staff Writers
Boyd L. Jefferies admitted destroying hundreds of pages of written notes, some related to his brokerage firm's allegedly illegal dealings with GAF Corp., as a criminal trial of GAF and its vice chairman continued Thursday in New York. Jefferies, the former chairman of the Los Angeles-based securities firm Jefferies Group Inc., ended his third day on the stand in federal court as the prosecution's star witness in the criminal stock manipulation trial.
BUSINESS
January 5, 1989 | SCOT J. PALTROW, Times Staff Writer
Lawyers in the GAF Corp. stock manipulation trial disclosed Wednesday that the government has evidence that Jefferies Group Inc., a Los Angeles-based securities firm, may have made illegal campaign contributions to members of Congress. Arthur L. Liman, GAF's lead attorney, made the disclosure in U.S. District Court in Manhattan with jurors absent from the courtroom. Liman mentioned the possible violations during a discussion about the admissibility of evidence in the trial.
BUSINESS
January 4, 1989
As preparation for "A Government in Desert Exile" (Part I, Nov. 13), Times staff writer William Trombley interviewed me as mayor of Barstow. While the article is, in fact, a fair representation of the opinions of the people living in the High Desert, it unfortunately attributes a quote to me that is grossly incorrect. The sentence in question reads, "Our roads are poorly maintained, and we get lousy service from the Sheriff."
BUSINESS
December 22, 1988 | SCOT J. PALTROW, Times Staff Writer
Opening arguments in a criminal securities fraud trial against GAF Corp. and its vice chairman, James T. Sherwin, began Wednesday with a federal prosecutor spelling out what he called a "flat-out illegal" scheme to manipulate the price of Union Carbide stock in 1986. Assistant U.S. Atty. Carl H. Loewenson Jr. outlined for the jury a series of telephone calls between GAF officials and the Los Angeles-based securities broker Jefferies & Co.
BUSINESS
December 13, 1988 | SCOT J. PALTROW, Times Staff Writer
Jury selection began Monday in the stock manipulation trial of GAF Corp. and its vice chairman, James T. Sherwin. The case is the first among the investigations spawned by the Ivan F. Boesky insider trading scandal to actually come to trial. It is also being billed as an important test of the evidence that prosecutors obtained from Boyd L. Jefferies, former chairman of the Los Angeles-based brokerage Jefferies & Co.
BUSINESS
July 7, 1988 | SCOT J. PALTROW, Times Staff Writer
GAF Corp. and its vice chairman were indicted Wednesday on criminal charges of using a Los Angeles stock brokerage to manipulate the price of Union Carbide Corp.'s shares in 1986. The federal charges were said to result from cooperation with prosecutors by Boyd L. Jefferies, former chairman of the Los Angeles-based brokerage firm Jefferies & Co., who pleaded guilty in March, 1987, to charges arising from the Ivan F. Boesky scandal.
NEWS
July 6, 1988 | From Reuters
A federal grand jury has indicted GAF Corp. and a top company officer for manipulating the stock price of Union Carbide Corp., which GAF tried to take over in 1985, federal officials said today. The grand jury indicted the Wayne, N.J., chemicals company, two of its subsidiaries and its vice chairman and chief administrative officer, James T. Sherwin, in an alleged scheme to artificially hike Union Carbide's stock price during the takeover battle.
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