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January 25, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Mercury Savings & Loan, fighting for its financial life, said Wednesday that it has initiated foreclosure proceedings on the Irvine Marriott and Tulsa Marriott hotels in an attempt to recoup $60.7 million in overdue loans. Officials of the Huntington Beach-based thrift said the foreclosure action forced Mercury to report $32 million in writedowns for the last quarter of 1989, rendering it insolvent under recent federal law and thrift regulations.
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BUSINESS
January 25, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Mercury Savings & Loan, fighting for its financial life, said Wednesday that it has initiated foreclosure proceedings on the Irvine Marriott and Tulsa Marriott hotels in an attempt to recoup $60.7 million in overdue loans. Officials of the Huntington Beach-based thrift said the foreclosure action forced Mercury to report $32 million in writedowns for the last quarter of 1989, rendering it insolvent under recent federal law and thrift regulations.
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CALIFORNIA | LOCAL
January 26, 1991 | DAVAN MAHARAJ, TIMES STAFF WRITER
A 61-year-old Laguna Beach woman was accused Friday of conspiring with two men to use a flaming road flare to force her ex-husband to agree to a property settlement that would give her their $600,000 house and thousands of dollars in stock. Helen Westin Ruppert and two men accused of assaulting her ex-husband, Harold Ruppert, 65, pleaded not guilty Friday to four counts each of assault with a deadly weapon, false imprisonment, extortion and conspiracy.
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