March 11, 1994 |
John Sculley and Spectrum Information Technologies have agreed to drop the lawsuits they filed against one another after Sculley quit the company last month--thus halting, at least temporarily, one of the most colorful public spats in the business world.
June 25, 1998 |
A former Cruttenden & Co. stockbroker pleaded guilty Wednesday to receiving gifts, including a $50,000 Jaguar luxury car, from Spectrum Information Technologies in return for helping the wireless data company manipulate its stock price. Federal prosecutors said Reagan Richmond, 34, of Tustin conspired to manipulate Spectrum stock from 1992 to 1994 while working as a broker at Irvine-based Cruttenden, now known as Cruttenden Roth, and at Regency Capital Group Inc. in Glendale.
March 9, 2000 |
Rocky Aoki, founder of the Benihana Japanese restaurant chain, was sentenced to three years of probation and fined $500,000 for illegally profiting from a 1993 tip that Spectrum Information Technologies Inc. was about to hire former Apple Computer Inc. chief John Sculley. The restaurateur was charged in 1998 with insider trading by the U.S. attorney in Brooklyn, N.Y.
CALIFORNIA | LOCAL
July 12, 2008 |
Rocky Aoki, the colorful Tokyo-born founder of the Benihana steakhouse chain, where chefs entertain diners with acrobatic knife performances, has died. He was 69. Aoki died Thursday in New York City, according to media reports. No cause of death was given. Aoki suffered from diabetes and cirrhosis of the liver as well as hepatitis C that he said was contracted from a blood transfusion.
September 2, 1994 |
Gene R. Morgan, a Los Angeles underwriter of small stocks who also hosts a daily market-commentary show on Southland TV station KWHY, is facing a $50,000 fine and a six-month suspension for allegedly misrepresenting a stock he underwrote and also promoted on his TV show. The case, brought by the National Assn.