Business
Franklin Tom, who was state corporations commissioner when the department approved now-bankrupt American Continental Corp.’
Sept. 1, 1989
Two state agencies, escalating their legal attack in the Lincoln Savings & Loan scandal, are pressing for civil fines and criminal penalties against the former operators of the failed Irvine-based thrift.
March 2, 1990
Japanese banks, seeking a bigger market for their money in the United States, are shifting their lending strategies by targeting middle-size corporations and expanding beyond the confines of California.
Jan. 7, 1985
The State Department of Corporations ignored warnings from one of its examiners when the agency last year allowed American Continental Corp. to sell $200 million in junk bonds to the public, according to an agency memo.
Aug. 24, 1989
The state Department of Corporations was named a defendant Thursday in a lawsuit originally filed this spring on behalf of about 22,000 investors who stand to lose nearly $200 million from the collapse of American Continental Corp.
Sept. 22, 1989
Politics
The State Bar of California is investigating the ethical conduct of Gov.
March 3, 1990
It was a short-lived inquiry, something that has been rare for the folks at Lincoln Savings & Loan in Irvine and its parent company, American Continental Corp. in Phoenix.
Dec. 14, 1988
No Freeze on American Continental Assets: A federal judge in Los Angeles declined Monday to place an immediate freeze on $100 million in assets of the parent company of bankrupt Lincoln Savings & Loan, money that lawyers for investors argued was controlled by owner Charles H.
Dec. 18, 1989