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James T Melton

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BUSINESS
February 28, 1989 | SCOT J. PALTROW, Times Staff Writer
The head trader at Jefferies & Co., the Los Angeles-based stock brokerage, testified Monday in the GAF Corp. stock manipulation trial that he carried out orders to artificially raise the closing price of Union Carbide stock in 1986 and reported his activities by phone to GAF's vice chairman. The testimony of James T. Melton, 45, director of trading at Jefferies, has been considered crucial to the outcome of the trial by lawyers in the case.
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BUSINESS
February 28, 1989 | SCOT J. PALTROW, Times Staff Writer
The head trader at Jefferies & Co., the Los Angeles-based stock brokerage, testified Monday in the GAF Corp. stock manipulation trial that he carried out orders to artificially raise the closing price of Union Carbide stock in 1986 and reported his activities by phone to GAF's vice chairman. The testimony of James T. Melton, 45, director of trading at Jefferies, has been considered crucial to the outcome of the trial by lawyers in the case.
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BUSINESS
August 7, 1990 | From Associated Press
Two Los Angeles brokerage executives who cooperated with prosecutors in securities cases stemming from the Ivan F. Boesky insider trading scandals, settled administrative charges with federal regulators Monday. James T. Melton, who testified for the government at the GAF Corp. stock manipulation trial, and Michael Z. Landy, a government witness against takeover strategist Paul Bilzerian, settled actions brought by the Securities and Exchange Commission.
BUSINESS
December 9, 1989 | SCOT J. PALTROW, TIMES STAFF WRITER
The stock market manipulation case against GAF Corp. and its vice chairman is about to go to a jury after a third trial, this time following the late introduction of dramatic new evidence for the defense. Two earlier trials ended in mistrials, the second in March after a federal jury deliberated 12 days before declaring that it was deadlocked. Jury deliberations in the third trial are due to start Monday.
BUSINESS
December 14, 1989 | SCOT J. PALTROW, TIMES STAFF WRITER
After two earlier trials ended without a verdict, the government succeeded Wednesday in a third attempt to convict GAF Corp. and its vice chairman on criminal stock market manipulation charges. A federal jury found the company and the executive, James T. Sherwin, 55, guilty on all eight felony counts pending against each. In the previous trial, the jury became deadlocked after 12 days of deliberations.
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