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January 30, 1998 | E. SCOTT RECKARD, TIMES STAFF WRITER
Ending the only federal case against a brokerage linked to Orange County's bankruptcy, a Wall Street firm and two employees agreed Thursday to pay $870,000 to settle charges they failed to disclose the risks of investing in county bonds. The Securities and Exchange Commission had accused C.S. First Boston Corp. of intentional fraud and reckless conduct in helping the county sell $110 million in pensions bonds just before it declared bankruptcy in December 1994.
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BUSINESS
October 18, 1987 | STEVE COLL and DAVID A. VISE, The Washington Post and
It was a scene to chill the heart of even the most stalwart chief executive: three Belzbergs relaxing in a sauna on a Sunday morning, talking about whether to launch a hostile takeover bid for a major oil company. They had gathered in William Belzberg's Los Angeles mansion that Sunday, March 16, 1986--first in the bedroom sitting area, later in the sauna--to consider "Project Slugger," a proposed takeover bid for Kentucky-based Ashland Oil Co.
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