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BUSINESS
September 9, 1988 | ROBERT L. JACKSON and RONALD J. OSTROW, Times Staff Writers
Federal prosecutors are expected to seek indictments within four to six weeks in a criminal investigation related to the massive civil lawsuit that the Securities and Exchange Commission has filed against "junk bond" dealer Michael Milken and his brokerage house, Drexel Burnham Lambert Inc., sources close to the case disclosed Thursday. Attorneys for the SEC filed their civil action Wednesday only after receiving assurances from U.S. Atty. Rudolph W.
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BUSINESS
June 29, 1993 | From Associated Press
Michael Milken returned to federal court Monday and helped two former clients, Victor and Steven Posner, by testifying that he did not inform them of an illegal arrangement with stock speculator Ivan F. Boesky. Milken, 46, who completed a prison sentence earlier this year, spent nearly 2 1/2 hours on the witness stand in U.S. District Court in Manhattan, recalling his role in the 1984 takeover attempt of Fischbach Corp.
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NEWS
September 8, 1988 | SCOT J. PALTROW, Times Staff Writer
Drexel Burnham Lambert Inc., one of Wall Street's leading brokerage houses, and Michael Milken, head of its "junk bond" department, were accused of insider trading, stock market manipulation and defrauding the firm's clients in a massive lawsuit filed Wednesday by the Securities and Exchange Commission. The 184-page suit, filed in U.S. District Court in Manhattan, caps the most far-reaching insider trading investigation ever undertaken by the SEC.
BUSINESS
June 26, 1993 | From Times Staff and Wire Reports
Michael Milken to Testify: The once-powerful junk bond dealer is scheduled to testify for the defense Monday in the federal securities law trial of Victor and Steven Posner, the Securities and Exchange Commission and a court clerk said. The SEC sued Victor and son Steven, charging them with violating securities laws by participating in two corporate takeover schemes with Milken and investor Ivan Boesky.
BUSINESS
September 8, 1988 | MICHAEL A. HILTZIK and SCOT J. PALTROW, Times Staff Writers
In late 1987, with speculation about federal investigations of Drexel Burnham Lambert on one of its periodic upswings, a prominent Drexel executive remarked on the ties binding the investment firm and Michael Milken, its famous "junk bond" impresario, both of whom were named Wednesday as defendants in a federal insider trading lawsuit. "If Michael were to walk out of this building and get run over by a truck, the firm could survive," the executive said.
BUSINESS
June 29, 1993 | From Associated Press
Michael Milken returned to federal court Monday and helped two former clients, Victor and Steven Posner, by testifying that he did not inform them of an illegal arrangement with stock speculator Ivan F. Boesky. Milken, 46, who completed a prison sentence earlier this year, spent nearly 2 1/2 hours on the witness stand in U.S. District Court in Manhattan, recalling his role in the 1984 takeover attempt of Fischbach Corp.
BUSINESS
June 26, 1993 | From Times Staff and Wire Reports
Michael Milken to Testify: The once-powerful junk bond dealer is scheduled to testify for the defense Monday in the federal securities law trial of Victor and Steven Posner, the Securities and Exchange Commission and a court clerk said. The SEC sued Victor and son Steven, charging them with violating securities laws by participating in two corporate takeover schemes with Milken and investor Ivan Boesky.
BUSINESS
September 8, 1988 | From Associated Press
Here is a list of allegedly illegal securities transactions involving Drexel Burnham Lambert Inc. or other defendants named in a Securities and Exchange Commission civil enforcement action Wednesday. The list includes transactions that involve the stock or merger activity of several prominent Southern California companies.
BUSINESS
June 8, 1993 | From Bloomberg Business News
Financier Victor Posner and his son Steven should be barred from ever again serving as officers or directors of a public company because of their pattern of self-enrichment, the Securities and Exchange Commission has urged in a court filing. The SEC's brief lays the groundwork for a civil trial of the Posners, scheduled to begin June 17. It is the final part of the agency's 5-year-old insider trading case against Michael Milken and his employer, Drexel Burnham Lambert Inc.
BUSINESS
June 8, 1993 | From Bloomberg Business News
Financier Victor Posner and his son Steven should be barred from ever again serving as officers or directors of a public company because of their pattern of self-enrichment, the Securities and Exchange Commission has urged in a court filing. The SEC's brief lays the groundwork for a civil trial of the Posners, scheduled to begin June 17. It is the final part of the agency's 5-year-old insider trading case against Michael Milken and his employer, Drexel Burnham Lambert Inc.
BUSINESS
September 9, 1988 | ROBERT L. JACKSON and RONALD J. OSTROW, Times Staff Writers
Federal prosecutors are expected to seek indictments within four to six weeks in a criminal investigation related to the massive civil lawsuit that the Securities and Exchange Commission has filed against "junk bond" dealer Michael Milken and his brokerage house, Drexel Burnham Lambert Inc., sources close to the case disclosed Thursday. Attorneys for the SEC filed their civil action Wednesday only after receiving assurances from U.S. Atty. Rudolph W.
BUSINESS
September 8, 1988 | From Associated Press
Here is a list of allegedly illegal securities transactions involving Drexel Burnham Lambert Inc. or other defendants named in a Securities and Exchange Commission civil enforcement action Wednesday. The list includes transactions that involve the stock or merger activity of several prominent Southern California companies.
NEWS
September 8, 1988 | SCOT J. PALTROW, Times Staff Writer
Drexel Burnham Lambert Inc., one of Wall Street's leading brokerage houses, and Michael Milken, head of its "junk bond" department, were accused of insider trading, stock market manipulation and defrauding the firm's clients in a massive lawsuit filed Wednesday by the Securities and Exchange Commission. The 184-page suit, filed in U.S. District Court in Manhattan, caps the most far-reaching insider trading investigation ever undertaken by the SEC.
BUSINESS
September 8, 1988 | MICHAEL A. HILTZIK and SCOT J. PALTROW, Times Staff Writers
In late 1987, with speculation about federal investigations of Drexel Burnham Lambert on one of its periodic upswings, a prominent Drexel executive remarked on the ties binding the investment firm and Michael Milken, its famous "junk bond" impresario, both of whom were named Wednesday as defendants in a federal insider trading lawsuit. "If Michael were to walk out of this building and get run over by a truck, the firm could survive," the executive said.
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