Word: complaints
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Dates: during 1980-1989
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...accommodations cases had become less common in recent years, but Commissioner Kathleen M. Allen says, "it has started to increase again because issues of sex and race are pertinent again." Allen says the publicity surrounding recent U.S. Supreme Court decisions against single sex clubs has put this type of complaint back in the public eye. Most complainants file claims of gender or racial discrimination...
...into our stores, Mikhail Sergeyevich!" shouted a woman in a crowd that surrounded Soviet Leader Gorbachev last week as he visited the Siberian city of Krasnoyarsk. "You'll find nothing there!" In the Soviet Union, where shortages of consumer goods are chronic, that complaint was not surprising. Nor were the criticisms voiced by Krasnoyarsk residents of housing, medical care and the Soviet bureaucracy...
...case could be a turning point in the fortunes of Wall Street's most go- getter firm, the financing machine that drove much of the corporate raiding of the roaring 1980s. The complaint charged Milken and Drexel with a whole catalog of offenses, including fraud against the firm's own clients, insider trading, the "parking" of stocks to conceal their true ownership, and the destruction of accounting records to cover up the transgressions...
...complaint casts the Beverly Hills-based Milken as the mastermind of a secret, bicoastal arrangement with Ivan Boesky, the Manhattan financier now serving a three-year prison term for insider trading. From 1984 until late 1986, according to the Government, Boesky secretly bought and sold huge blocks of stock at Drexel's behest to push forward the firm's takeover deals and to reap millions of dollars in illicit profits. Five others were charged as participants in Drexel's schemes: Milken's younger brother Lowell, an attorney who works in the company's junk-bond department; Cary Maultasch and Pamela...
...asks that the defendants be forced to return profits they made from the alleged scams, along with any losses they avoided, plus a fine of triple that total. The complaint leaves the court to calculate that number, but estimates put it as high as several hundred million dollars. If Drexel and company lose the case, the SEC could also impose penalties ranging from censure to banishment from the securities business...