Word: lazard
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...School administrators required Cecola towithdraw from the MBA program in December becauseof his involvement in the Dennis B. Levine insidertrading scandal, which he had participated inwhile a financial analyst with the New York firmof Lazard Freres...
...Administration's reluctance to offer companies protection against takeovers may be tested in the new Democrat-controlled Congress. A number of suggestions for legislative reform are already beginning to percolate. Felix Rohatyn, a partner in the New York City investment-banking firm of Lazard Freres and a longtime critic of the stock market's speculative excesses, has proposed a sharp limit on the right of Government-insured pension funds, thrift institutions and trusts to invest in junk bonds. He suggests that takeover bids that are conditional on anticipated junk-bond financing be forbidden as an unfair manipulation of public markets...
...some areas and fuzzy in others. In essence the agency says that from February 1985 to February 1986, Boesky profited as part of a far-flung insider scheme that involved Investment Banker Levine and at least three others. Named in the SEC complaint are Robert Wilkis, formerly at Lazard Freres and E.F. Hutton; Ira Sokolow, once with Lehman Bros. Kuhn Loeb and then with Shearson/American Express; and David Brown, formerly of Goldman, Sachs. The trio have given up a total of about $3.5 million in illegal profits and fines. Two weeks ago Sokolow was sentenced to a year...
...anniversary of that dire event rolled around, new voices raised similar cautions. Said Robert Reich, a lecturer in public policy at Harvard's John F. Kennedy School of Government: "In America, industry has become the plaything of finance." Banker Felix Rohatyn, a partner in the Manhattan investment firm of Lazard Freres and a frequent critic of Wall Street's excesses, goes further. Says he: "Now the whole world is a casino. Las Vegas, at least, closes at 5 a.m. This thing does...
When the Securities and Exchange Commission snared Dennis Levine two months ago in the biggest insider-trading case ever, jittery Wall Streeters were sure the scandal would spread. Last week it did. Robert Wilkis, 37, until June a first vice president of E.F. Hutton and at one time with Lazard Freres, and Ira Sokolow, 32, a former vice president of Shearson Lehman Bros., were accused in a civil complaint drawn up by the SEC of conspiring with Levine, 33, a former managing director of Drexel Burnham Lambert, as part of an insider-trading ring. They allegedly enriched themselves by using...