December 28, 1995 |
California State University Chancellor Barry Munitz said Wednesday that he faces no personal financial risk in a lawsuit filed this week by federal regulators, which seeks more than $100 million in damages in connection with the failure of a Texas savings and loan. The suit, by the federal Office of Thrift Supervision, accuses Munitz, Maxxam Corp.
December 27, 1995 |
Federal regulators filed charges Tuesday against Maxxam Inc., the predecessor and chairman of which were part-owners of the failed United Savings of Texas. The U.S. Office of Thrift Supervision filed the charges in Washington, D.C., against the Houston-based aluminum, forest products and real estate company, Chairman Charles E. Hurwitz and other parties that it said contributed to the thrift's failure in 1988. The demise cost taxpayers more than $1.6 billion, the agency says.
March 17, 1999 |
Barry A. Munitz, president of the J. Paul Getty Trust, and four other former savings and loan officials have agreed to pay $1 million to settle charges stemming from the $1.6-billion failure of United Savings Assn. of Texas. The five--Munitz, Jenard M. Gross, Arthur S.
February 14, 1997 |
Four months after announcing a deal to save the ancient redwood core of the Headwaters Forest in Northern California, state and federal officials have been unable to satisfy the demands of Charles Hurwitz, the corporate raider who took control of the forest 11 years ago. Hope is fading that negotiations to acquire 7,500 acres of old growth redwoods and adjacent forest near Eureka from Hurwitz's Pacific Lumber Co.