Word: pleadings
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...observed, "Today's casual embrace of taxation imposed by the unelected, life-tenured federal judiciary disregards fundamental precepts for the democratic control of public institutions." Like many liberals, Colleen O'Connor of the American Civil Liberties Union hailed the decision. Said she: "It means states and cities can't plead poverty to impede legal school desegregation...
...fight a 98-count indictment that the Government brought against him last year, agreed to settle the largest securities-fraud case in U.S. history. Faced with the threat of expanded new charges, the former head of Drexel Burnham Lambert's junk-bond department struck a tentative deal to plead guilty to six criminal counts and pay a $600 million penalty. Milken, who earned $550 million from Drexel in 1987, would be paying the heaviest fine ever levied against an individual. "This was Michael's decision," said a person close to the case. "It was his shot...
...bargain capped months of rumors that the Government was ready to expand an indictment already laden with charges of racketeering, securities fraud and insider trading. Prosecutors had given Milken until last Friday to settle the case or face the new charges. Under terms of the agreement, Milken is to plead guilty only to securities-fraud violations, which carry lesser prison sentences than his earlier charges...
...inevitable. I'll accept the responsibility, and if I knew we had done things that were wrong, I would accept blame. What happened was a confluence of events, starting with the federal investigation ((of Drexel's junk-bond department)) and hitting a climax when the firm was forced to plead guilty and pay what we thought were unnecessarily high penalties (($650 million)). Congress then changed the rules by requiring savings and loans to sell their high-yield bonds, and the market for those securities fell. Then Drexel faced yet another rule change, when the regulators suddenly raised our capital requirements...
...then an angry man joined the revelers. Julio Gonzalez, 36, one of Fidel Castro's cast-off gifts to the U.S. in the 1980 Mariel boatlift, came to plead with his estranged girlfriend, Lydia Feliciano, 45. She earned $150 a night checking coats and taking tickets ($5 each) at the club. Gonzalez had lived with Feliciano for eight apparently calm years. But in February he lost his job as a warehouseman. Then the two quarreled bitterly, reportedly over his fondness for her niece, and she ordered him to leave her apartment. Now living in a tiny room and hustling...