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BUSINESS
November 3, 2000 | Bloomberg News
Elliot Lavigne, a former fashion executive at Salant Corp., faces federal criminal and civil suits alleging he made more than $7 million in illegal profit by helping the Stratton Oakmont Inc. brokerage manipulate 23 initial public offerings, the Securities and Exchange Commission said. Lavigne, of Saddle River, N.J., is ex-chairman of Salant's Perry Ellis division, and also has worked as executive vice president of marketing at Salant, the SEC said. The U.S.
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BUSINESS
August 17, 1999 | CHRIS KRAUL and CLAUDIA KOLKER, TIMES STAFF WRITERS
In a case that illustrates the long reach of the North American Free Trade Agreement, the families of victims of a bus crash that killed 14 maquiladora workers in northern Mexico won $30 million in damages Monday from their U.S.-based employer. The settlement with Salant Corp., a New York-based apparel manufacturer, in an Eagle Pass, Texas, state courtroom sent the message that an employer can be held responsible in U.S. courts for injuries to workers in another country.
BUSINESS
November 3, 2000 | Bloomberg News
Elliot Lavigne, a former fashion executive at Salant Corp., faces federal criminal and civil suits alleging he made more than $7 million in illegal profit by helping the Stratton Oakmont Inc. brokerage manipulate 23 initial public offerings, the Securities and Exchange Commission said. Lavigne, of Saddle River, N.J., is ex-chairman of Salant's Perry Ellis division, and also has worked as executive vice president of marketing at Salant, the SEC said. The U.S.
BUSINESS
May 8, 1989
Farah in Takeover Talks: Farah Inc., a maker of jeans and popular sportswear, said it is in substantive talks to sell the company in a deal worth at least $69 million. Farah, which makes clothes under its own and the Generra label, gave no other details. A full buyout of Farah would value the company at $69 million based on its stock price of $11.25 Friday. The El Paso-based company said it and investment bank Wertheim Schroder are reviewing transactions to maximize shareholder value.
BUSINESS
January 2, 1989
List includes only common stocks and reflects stock splits and dividends. Not included are stocks whose 1988 closing price was below $2. Close ($) Yr. to date Stock Dec. 30, '88 % change Service Merchandise 17.875 +410.7 PHLCorp Inc. 11.625 +287.5 Todd Shipyards* 9.75 +254.5 Borman's Inc. 26.375 +204.4 Salant Corp. 19.375 +187.0 Athlone Industries 32.00 +178.3 Paradyne 10.125 +170.0 Chicago Pacific 52.00 +160.0 Ausimont N.V. 34.00 +156.6 BankAmerica 17.625 +156.
BUSINESS
June 27, 1990 | FROM TIMES WIRE SERVICES
Salant Corp. today filed for bankruptcy court protection from its creditors, saying weakness in the retail apparel business has made it impossible to pay its debts. Ray W. Williams, Salant's chairman and chief executive, said the company believes it can continue operating while it negotiates with creditors and attempts a court-supervised reorganization. Salant accumulated debt in acquiring a much larger apparel manufacturer, Manhattan Industries Inc., in early 1988.
BUSINESS
August 17, 1999 | CHRIS KRAUL and CLAUDIA KOLKER, TIMES STAFF WRITERS
In a case that illustrates the long reach of the North American Free Trade Agreement, the families of victims of a bus crash that killed 14 maquiladora workers in northern Mexico won $30 million in damages Monday from their U.S.-based employer. The settlement with Salant Corp., a New York-based apparel manufacturer, in an Eagle Pass, Texas, state courtroom sent the message that an employer can be held responsible in U.S. courts for injuries to workers in another country.
BUSINESS
June 27, 1990 | FROM TIMES WIRE SERVICES
Salant Corp. today filed for bankruptcy court protection from its creditors, saying weakness in the retail apparel business has made it impossible to pay its debts. Ray W. Williams, Salant's chairman and chief executive, said the company believes it can continue operating while it negotiates with creditors and attempts a court-supervised reorganization. Salant accumulated debt in acquiring a much larger apparel manufacturer, Manhattan Industries Inc., in early 1988.
BUSINESS
May 8, 1989
Farah in Takeover Talks: Farah Inc., a maker of jeans and popular sportswear, said it is in substantive talks to sell the company in a deal worth at least $69 million. Farah, which makes clothes under its own and the Generra label, gave no other details. A full buyout of Farah would value the company at $69 million based on its stock price of $11.25 Friday. The El Paso-based company said it and investment bank Wertheim Schroder are reviewing transactions to maximize shareholder value.
BUSINESS
January 2, 1989
List includes only common stocks and reflects stock splits and dividends. Not included are stocks whose 1988 closing price was below $2. Close ($) Yr. to date Stock Dec. 30, '88 % change Service Merchandise 17.875 +410.7 PHLCorp Inc. 11.625 +287.5 Todd Shipyards* 9.75 +254.5 Borman's Inc. 26.375 +204.4 Salant Corp. 19.375 +187.0 Athlone Industries 32.00 +178.3 Paradyne 10.125 +170.0 Chicago Pacific 52.00 +160.0 Ausimont N.V. 34.00 +156.6 BankAmerica 17.625 +156.
BUSINESS
January 5, 2002 | Bloomberg News
Salant Corp., maker of Perry Ellis brand clothes for men, said it acquired closely held Axis Clothing Corp. to expand the sales of men's sweaters, pants and shirts to U.S. department stores. Terms of the purchase weren't disclosed. Axis, based in Culver City, manufactures and sells its namesake men's clothing to 450 outlets in the U.S., including Nordstrom Inc.'s stores, Salant said. Shares of New York-based Salant rose 3 cents to $1.83 in over-the-counter trading. * Bloomberg News
BUSINESS
August 3, 2001 | Reuters
A fashion executive accused of manipulating 23 initial public offerings of various companies in the early 1990s was fined $100,000, U.S. regulators said. Elliot Lavigne, former chairman of the Perry Ellis menswear division at Salant Corp., agreed to the fine in a settlement with the Securities and Exchange Commission. He did not admit or deny the SEC allegations, which were filed in a civil lawsuit last fall.
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