February 17, 1990 |
The Federal Deposit Insurance Corp., the agency that insures deposits at banks, said Friday that it brought a $516-million lawsuit against Drexel Burnham Lambert, E. F. Hutton and others over the failure of a Texas thrift. The suit, filed in federal court, stems from an alleged fraud scheme that the FDIC claims led to the demise of the Guaranty Federal Savings & Loan Assn. in Dallas, the sixth-largest thrift in Texas.
March 30, 1989
The federal grand jury indictment against Michael Milken, Lowell Milken and Bruce L. Newberg accuses the defendants of three groups of racketeering law violations. A summary of the allegations follows (Except where indicated, Michael Milken allegedly acted without his two co-defendants.): Actions Involving Ivan F. Boesky Fischbach Corp.
March 27, 1988 |
Twenty-four California-based housing producers made the list of the nation's top 100 builders published in the March issue of Professional Builder magazine. The highest-ranked California builder--based on housing starts in 1987--was Kaufman & Broad Homes Corp., Los Angeles, in 12th place, with 5,200 starts. Following closely, in 13th place with 5,055 starts, was William Lyon Co., Newport Beach. Nationally, the largest producer was Trammell Crow Residential Cos.
July 18, 1986
The Houston-based firm, one of the nation's largest home builders, reported that Pacific Realty Corp., a privately held housing concern which already owns 9.24% of the firm's 36.4 million shares, offered to buy the remaining U.S. Home stock for about $304 million. Under the offer, each of the remaining shares of U.S. Home would be exchanged for $6.50 cash, preferred stock with a face value of $2.50 and a fractional share of "new" U.S. Home common stock, Pacific Realty said.