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September 14, 2001 | Reuters
A U.S. administrative law judge has ruled against bank regulators in a long-running lawsuit seeking hundreds of millions of dollars from Houston's Maxxam Corp. and its chairman, financier Charles Hurwitz, over the 1988 failure of a Texas savings and loan. In a decision issued late Wednesday, Judge Arthur Shipe recommended the case be dismissed and the Office of Thrift Supervision receive none of the nearly $826 million it had been seeking in connection with the disputed $1.
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BUSINESS
September 14, 2001 | Reuters
A U.S. administrative law judge has ruled against bank regulators in a long-running lawsuit seeking hundreds of millions of dollars from Houston's Maxxam Corp. and its chairman, financier Charles Hurwitz, over the 1988 failure of a Texas savings and loan. In a decision issued late Wednesday, Judge Arthur Shipe recommended the case be dismissed and the Office of Thrift Supervision receive none of the nearly $826 million it had been seeking in connection with the disputed $1.
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BUSINESS
August 4, 1995 | Times Staff and Wire Reports
Financier Faces Federal Suit: The Federal Deposit Insurance Corp. named Charles Hurwitz, former chairman and chief executive of United Savings Assn. of Texas' parent company, in a $250-million lawsuit alleging that his risky deals at the thrift masked its deepening financial problems and caused massive losses. Hurwitz is now chairman and chief executive of Maxxam, a Houston-based aluminum, forest products and real estate company.
BUSINESS
December 28, 1995 | SCOT J. PALTROW, TIMES STAFF WRITER
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.
BUSINESS
December 28, 1995 | SCOT J. PALTROW, TIMES STAFF WRITER
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.
BUSINESS
December 27, 1995 | From Associated Press
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.
NEWS
February 14, 1997 | FRANK CLIFFORD, TIMES ENVIRONMENTAL WRITER
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.
BUSINESS
December 27, 1995 | From Associated Press
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.
BUSINESS
August 4, 1995 | Times Staff and Wire Reports
Financier Faces Federal Suit: The Federal Deposit Insurance Corp. named Charles Hurwitz, former chairman and chief executive of United Savings Assn. of Texas' parent company, in a $250-million lawsuit alleging that his risky deals at the thrift masked its deepening financial problems and caused massive losses. Hurwitz is now chairman and chief executive of Maxxam, a Houston-based aluminum, forest products and real estate company.
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