Word: oakmont
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BORN: Aug. 5, 1958, Pittsburgh EDUCATION: Carnegie Mellon U, B.A., 1980; U of Pittsburgh, J.D., 1985 FAMILY: Wife, Susan; two children RELIGION: Presbyterian MILITARY: None OCCUPATION: Lawyer; teacher POLITICAL CAREER: Oakmont City Council, 1994- ADDRESS: 607 Allegheny Avenue, Oakmont...
...Hillary Clinton," was how G.O.P. Senator Alfonse D'Amato responded to reports of his dealings with Stratton Oakmont Inc., a New York brokerage that has drawn ongoing scrutiny for alleged securities violations. But then last week a Securities and Exchange Commission report concluded that the brokerage had bent its own rules to secure D'Amato shares in a hot new computer stock in 1993 that netted him a $37,125 profit in a single day. New shares are often doled out by brokerages to favored customers before the rest of the public gets a chance. That makes comparisons...
...flame someone online can the online service be held responsible? That's the issue being decided in New York's State Supreme Court. A Long Island financial firm, Stratton Oakmont, sued Prodigy -- one of theonline world's Big Three-- claiming that it was unfairly accused of fraud on a Prodigy bulletin board. Prodigy, like other online service providers have always said they're simply a communications conduit -- much like a phone company -- and have claimed that they're not responsible for what their customers post. "Liability," says Kent Stuckey, general counsel of Compuserve, "could present a chilling effect...
...remaining privately insured S and Ls were allowing customers to withdraw up to $750. Depositors said they had confidence in their thrifts, and there was little sense of panic. Nonetheless, at least 200 jittery customers lined up to make withdrawals last Thursday from Cincinnati's Oakmont Savings and Loan, where there had been reports that some of the thrift's officers had illegally taken money from their accounts on advance word about Home State's troubles. State officials on Friday denied that had taken place...
...consecutive weeks, major sports events an ocean and a world apart stepped ("one leg at a time," as the sportswriters say) into trouser controversies. Early last week, during the final round of the U.S. Open Golf Championship at Oakmont, Pa., Forrest Fezler ducked into a portable comfort station after finishing the 17th hole and emerged to play the last hole historically (also horrendously) in shorts. Last week at Wimbledon, England, where tennis shorts have been customary since 1946, Trey Waltke competed in long white Bill Tilden-like flannels, complete with an old school tie for a sash, until Ivan Lendl...