J Thomas Talbot

J. Thomas Talbot, the Orange County businessman and former director of the title insurance giant Fidelity National Financial Inc. who was accused of insider stock trading in 2004, has been cleared of the civil allegations by a federal judge in Los Angeles. U.S. District Judge Margaret Morrow on Tuesday threw out the case, ruling that Talbot did not violate securities laws because he owed no duty of confidentiality to LendingTree Inc., the original source of the information at issue.

J. Thomas Talbot, the Orange County businessman and former director of the title insurance giant Fidelity National Financial Inc. who was accused of insider stock trading in 2004, has been cleared of the civil allegations by a federal judge in Los Angeles. U.S. District Judge Margaret Morrow on Tuesday threw out the case, ruling that Talbot did not violate securities laws because he owed no duty of confidentiality to LendingTree Inc., the original source of the information at issue.

J. Thomas Talbot, an Orange County businessman and former director of the title insurance giant Fidelity National Financial Inc., was accused Thursday of trading on inside information in a civil suit brought by the Securities and Exchange Commission. Talbot bought and sold shares of LendingTree Inc. last year after learning at a Fidelity board meeting that the online lender would be acquired at a hefty premium, the SEC alleged.

Michael Milken's reign as junk bond king may have ended, but he remains a looming presence in surprising places--at Eastern Airlines, for one. Milken, former head of the junk bond department at the investment banking firm of Drexel Burnham Lambert Inc., is under indictment on federal charges of racketeering, securities fraud and insider trading. But Peter V.

Advancing a step in their proposed acquisition of Hawaiian Airlines, Peter V. Ueberroth and Newport Beach developer J. Thomas Talbot have signed a definitive agreement to buy the airliner's parent company, HAL Inc., for $22 a share. The investment group headed by Ueberroth and Talbot is offering to buy all the stock of HAL Inc. but needs 51% to complete the transaction. That simple majority--nearly 1.25 million shares--would cost $27.4 million. HAL Chairman John H. Magoon Jr., who owns 56.

A Newport Beach investment group headed by developer J. Thomas Talbot and former baseball commissioner Peter V. Ueberroth completed the acquisition Friday of ailing Hawaiian Airlines. The $37 million deal gives the Talbot group 85% of the common stock of HAL Inc., the Honolulu-based holding company for both Hawaiian Airlines and the West Maui Airport that serves Maui's popular North Shore vacation area. Ueberroth and John H. Magoon Jr.

Hawaiian Airlines, which has agreed to be taken over by a Newport Beach investor group, said it will reduce its work force by about 200 employees after Jan. 1, 1990, in order to cut costs. Hawaiian Airlines Chief Executive Officer John Magoon Jr. said Wednesday that the layoffs will total just under 7% of the company's total work force and will include both full-time and part-time workers.

J. Thomas Talbot, an Orange County businessman and former director of the title insurance giant Fidelity National Financial Inc., was accused Thursday of trading on inside information in a civil suit brought by the Securities and Exchange Commission. Talbot bought and sold shares of LendingTree Inc. last year after learning at a Fidelity board meeting that the online lender would be acquired at a hefty premium, the SEC alleged.

Hawaiian Airlines, often a bridesmaid but never a bride, seemed to be a good stock for speculation. The majority owner was elderly and eager to sell. The airline was positioned in the center of the lucrative Pacific Rim, the fastest-growing market in a highly competitive industry. And at least three suitors had wooed the firm in the past two years. Although the airline's parent firm, HAL Inc.

Former Baseball Commissioner Peter V. Ueberroth has a new partner in his money-losing Hawaiian Airlines venture: Security Pacific Bank. Security Pacific disclosed Friday that as a result of lending Hawaiian a badly needed $26 million, it has become the airline's largest stake holder. But if parent HAL Inc. repays the loan, Security's stake will be sharply reduced. The Oct. 16 transaction sharply reduces the stake controlled by Ueberroth and his partner, J. Thomas Talbot, to around 35% from 77%.

It's the bottom of the ninth for Peter V. Ueberroth's first airline venture. The game isn't over yet, but it looks as though he might lose. The former baseball commissioner and his associates are pinning their hopes on a long ball in the form of fresh financing from Hawaiian Airlines' lender. But even with that, Hawaiian still faces big problems. Nine months after Ueberroth and his golfing buddy, J. Thomas Talbot, bought it, Hawaiian is losing gobs of money; its $26.

The first public sign that the investors who bought Hawaiian Airlines meant business were the half-page ads in mainland newspapers touting discount flights to Hawaii, with an inter-island hop thrown in for free. But employees of HAL Inc., the airline's holding company, knew things would be different long before the advertisements were published Jan. 2. Most painfully, 242 had been laid off just two weeks before the acquisition was completed Dec. 29.

A Newport Beach investment group headed by developer J. Thomas Talbot and former baseball commissioner Peter V. Ueberroth completed the acquisition Friday of ailing Hawaiian Airlines. The $37-million deal gives the Talbot group 85% of the common stock of HAL Inc., the Honolulu-based holding company for both Hawaiian Airlines and the West Maui Airport, which serves Maui's popular North Shore vacation area. Ueberroth and John H. Magoon Jr.

Hawaiian Airlines, which has agreed to be taken over by a Newport Beach investor group, said it will reduce its work force by about 200 employees after Jan. 1, 1990, in order to cut costs. Hawaiian Airlines Chief Executive Officer John Magoon Jr. said Wednesday that the layoffs will total just under 7% of the company's total work force and will include both full-time and part-time workers.

The Newport Beach investment group bidding for control of Hawaiian Airlines moved closer to its goal Friday as four of the air carrier's unions approved new contracts that freeze wages for 36 months. The fifth union, the 650-member Assn. of Flight Attendants, was still counting votes late Friday but was expected to ratify the new contract. Officials of the unions had strongly recommended acceptance of the pact. J.

The investment group seeking to acquire Hawaiian Airlines has altered its purchase agreement in order to pump an additional $15.4 million of working capital into the financially ailing carrier. J. Thomas Talbot, the Newport Beach attorney heading the investment group, also said Monday that the acquisition of the airline holding company, HAL Inc. of Honolulu, is expected to be completed Dec. 29. The $22-per-share acquisition price has not been changed. The Talbot group will pay $27.