Word: lambert
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Rebecca W. Lambert...
...fine as a settlement to a suit filed by the Securities and Exchange Commission and other government agencies. The investment firm admitted last August it had submitted billions of dollars in phony bids for Treasury notes and bonds. But unlike the benighted houses of E.F. Hutton and Drexel Burnham Lambert, Salomon can take solace in the government's decision not to press criminal charges...
...Wirth cited his frustration over deadlock and partisan bickering on Capitol Hill. But like many fellow incumbents, he may also have foreseen a tough re-election campaign. In 1989 Wirth sought to ease restrictions on junk-bond trading; his opponents point out that the bankrupt investment firm Drexel Burnham Lambert -- which specialized in junk bonds -- contributed $41,000 to Wirth's campaigns...
...certain of wringing all it can from Milken and his co-defendants, the FDIC demanded to know his net worth, together with that of some 150 of his former colleagues at the firm Drexel Burnham Lambert who agreed to contribute $300 million to the settlement. (The firm's insurers would put up an additional $100 million...
Milken's latest payment would be part of a $1.3 billion deal that calls for other former executives of the Drexel Burnham Lambert investment firm to contribute $300 million. The officers' insurance firms would provide the remaining $100 million. At the same time, Pollack would decide how to distribute the funds among plaintiffs in the various legal actions...