Drexel Burnham Lambert Inc., which has agreed...
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Drexel Burnham Lambert Inc., which has agreed to plead guilty to six felonies to avoid an indictment for financial fraud, said a deadline set for today for reaching agreement with the SEC had been dropped. “These discussions are still under way,” a Drexel spokesman said, adding that a settlement is still expected. As part of the plea-bargaining agreement with the U.S. Attorney’s Office in Manhattan, Drexel must resolve a massive suit brought by the SEC.
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