CALIFORNIA | LOCAL
January 20, 1993 |
A divided Santa Paula City Council on Tuesday narrowly rejected a proposed zone change that would have allowed construction of an affordable apartment complex east of downtown. On a 3-2 vote, the council turned down a request by developer David Allen to build 21 units on a one-acre site near Harvard Boulevard and 12th Street. The current zoning limits the project to 15 units. Opposing council members cited the project's density and potential for overcrowding.
October 18, 1985
Strong results from loans, investments and real estate operations propelled Lincoln Savings & Loan Assn. to record third-quarter profits of $34.5 million, up from $1.5 million a year ago, and a nine-month profit of $66.5 million, up from $5.6 million. The Irvine-based S&L said assets as of Sept. 30 were $2.7 billion, up from $1.7 billion a year ago. Lincoln's net worth at the end of the third quarter was 7%, well above the 3% minimum that federal regulators require, said Robin S.
CALIFORNIA | LOCAL
October 8, 1993
What's a community without a public library? I grew up going to the library. When I was in school I did my homework and socialized with my friends at the library. The library was always a wholesome, educational and safe place to be. But besides the obvious reasons, why is our public library so important to the community of Santa Paula? It's quite simple: Our economic future may depend on it. How many business leaders spent countless hours "at the library" when they were young?
September 18, 1991 |
In lengthy trials, jurors can sometimes be overwhelmed by what seems like an endless string of witnesses offering similar testimony. When the testimony seems to run together, attorneys often struggle for ways to keep the attention of jurors. So it is in the securities fraud trial of former savings and loan executive Charles H. Keating Jr.
CALIFORNIA | LOCAL
September 23, 1990 |
Three of the four defendants in the Lincoln Savings & Loan fraud case have been bailed out of jail, leaving only Charles H. Keating Jr. in custody, Los Angeles County sheriff's officials said Saturday. Judy J. Wischer, 42, Keating's former top aide at Lincoln's parent company, American Continental, was freed on $200,000 bond at 10 p.m. Friday, Sgt. Bob Olmsted said. Robin S. Symes, 37, and Ray C.
September 21, 1990 |
A Superior Court judge today rejected appeals to reduce Charles H. Keating Jr.'s $5-million bail and sent him back to county jail to await arraignment on a 42-count state grand jury indictment. Judge Gary Klausner reduced the $1-million bail set for each of three co-defendants but rejected arguments that Keating was not a flight risk and that it hadn't been shown the alleged crimes were serious. "There has been a picture painted here . . .
July 9, 1993 |
Charles H. Keating Jr. was the first of 10 defendants to be sentenced in the federal criminal case stemming from the collapse of his Lincoln Savings & Loan. His son, Charles H. Keating III, was convicted on 65 counts of racketeering, conspiracy and fraud along with his father, and faces sentencing July 23. Eight other Keating associates and officials of Lincoln and its parent company, American Continental Corp., pleaded guilty in deals with prosecutors. Except for son-in-law Robert M.
July 24, 2013 |
Much like a quarterback sacked from the blind side, EA Sports has suffered some big hits lately. Or as John Madden might say, "Bam! Boom!" First came news that the NCAA -- facing a lawsuit over use of athletes' names and likenesses -- will drop its lucrative relationship with the video-game maker. Now, just before the release of the newest "Madden NFL," EA has come out on the losing end of a lawsuit in San Francisco, with a federal court jury deciding it owes $11 million in damages and interest to the game's original programmer.