October 29, 1986 |
A California builder and his sister-in-law agreed Tuesday to pay back more than $300,000 to settle charges that they used insider information to profit on McDonnell Douglas Corp.'s 1984 takeover of Tymshare Inc. In a civil complaint filed in U.S. District Court in San Francisco, the Securities and Exchange Commission charged that Alfred Kopfmann, 32, and Amie Mosher, 26, bought Tymshare options and stock after getting inside information that McDonnell Douglas was about to launch a tender offer.
March 22, 1998
At last a journalist with the courage to tell it like it is. Columnist James Flanigan's "Using Tomorrow's Pensions to Create 'Surpluses' Today" [Feb. 22] is the first time a reporter has understood the shell game that is going on in Washington with the Social Security Trust Fund. Now maybe President Clinton and Congress will stop trying to hoodwink us about how to save Social Security. The answer is simple. Pay back what has been "borrowed" in the past. RUBIN GREEN Playa del Rey
CALIFORNIA | LOCAL
April 11, 1991
A federal judge in Los Angeles ordered a former Westlake Village investment salesman to pay back $1.74 million that he allegedly raised by selling unregistered securities to Michigan investors, the Securities and Exchange Commission announced Wednesday. The order to Gerald Rogers, issued by Judge Dickran Tevrizian, came in response to a complaint filed by the Chicago office of the SEC in January, 1990. The SEC did not specify how the money would be distributed.
April 24, 2006 |
The federal government is asking 625 people in Texas to pay back a total of $1.26 million in recovery aid they shouldn't have received after Hurricane Rita. Most of the money FEMA wants -- $1.14 million -- was incorrectly paid for damage to homes that were not the owners' primary residences, an agency spokeswoman said. Damage to secondary residences are ineligible for FEMA money.
May 22, 1985 |
A team of 92 officers from several law enforcement agencies staged a series of raids Tuesday that resulted in the arrests of five street gang members suspected of two "pay-back" murders in a middle-class section of West Los Angeles. The targets of the raids were members of a Santa Monica street gang that police believe was attempting to take revenge against a West Los Angeles gang on April 18, when two people were killed at Stoner Park.
October 5, 1990 |
The Pentagon is weighing a decision on whether to demand that McDonnell Douglas pay back some of the money it has received on the C-17 cargo jet program because the firm is said to have done less work than it has been paid to do, key government officials said Thursday. If the Pentagon demands such a pay-back, which is known in government parlance as a "negative ratio," it would add to the St. Louis-based aerospace firm's already-high debt burden.
CALIFORNIA | LOCAL
January 23, 1988 |
Convicted killer Willie Ray Wisely, who remained at the Orange County Jail for six years while fighting for a new trial as his own attorney, was asked Friday to pay back or account for $53,150 of his defense money that is still unexplained. But even if Wisely can account for the money, county officials say, he will likely be asked to pay back the entire defense bill of $152,451 because of the $200,000-plus he inherited last year from his mother.
November 23, 1991
The federal Labor Department said Friday that a federal judge has ordered clothing manufacturer Wear Fashion Co. to pay 89 workers $425,992 in back wages and damages. The Labor Department, in a civil suit, alleged that Wear Fashion's owners did not pay some workers minimum wage or overtime, and the federal court in Los Angeles last month ordered the company to pay $212,996 in back wages. The judge ordered the company to pay workers the same amount in damages.
December 21, 2001 |
Northrop Grumman Corp. agreed to pay $2.15 million in back wages to about 50 workers who were fired from its Avondale shipyard in Louisiana for trying to organize a union. The settlement is in response to complaints filed by the New Orleans Metal Trades Council between 1993 and 1999, said Bill Lurye, an attorney representing the union. Avondale targeted workers for union organizing or testifying before the National Labor Relations Board, which upheld the complaints, he said.
CALIFORNIA | LOCAL
May 17, 1988 |
A Malibu man convicted of bilking unwary investors out of hundreds of thousands of dollars over the telephone was sentenced Monday to five years in prison and ordered to pay restitution to his victims. Brian J. Cullen, 40, has already directed investigators to assets that will enable them to pay investors about 83 cents on the dollar of the money they lost, but U.S. District Judge Edward Rafeedie said Cullen's cooperation "doesn't entitle him to a medal."