THE MAYOR UNDER FIRE : Legal Issues : 6 Deals the Mayor Allegedly Failed to Properly Report

These are the six financial deals that City Atty. James K. Hahn alleges in a lawsuit Mayor Tom Bradley failed to properly report as required by state law:

* Metromedia Inc. Bradley on Dec. 31, 1984, invested between $10,000 and $100,000 in bonds in Metromedia, a giant New Jersey-based broadcasting and entertainment company. The bonds were trading that day at 39 1/8% of the bond’s par value.

The mayor disposed of the bonds on March 7, 1986, a day when records indicate the bonds were trading at 71.5% of face value. That means Bradley’s Metromedia investment, not including the periodic interest payments he received, appreciated in value by more than 80% in less than two years.

* L.A. Gear. On July 1, 1986, Bradley bought--and then sold on the same day it was made available to the public--between $1,000 and $10,000 worth of stock in the athletic footwear company.

L.A. Gear’s stock opened that day at $11.50 and closed at $23.75. Brokers described it at the time as the “hottest” new stock on Wall Street.

* Cadence Designs Systems Inc. Bradley on Dec. 14, 1988, acquired more than $100,000 worth of stock in Cadence, a Silicon Valley company that designs software for computer-aided engineering. Bradley apparently still holds shares in Cadence that, records suggest, he bought at about $10 a share.

Cadence closed Wednesday at $16.62.

* CVN Cos. Inc. On Sept. 9, 1988, Bradley acquired more than $100,000 worth of CVN stock. The Minneapolis-based company markets “close-out” consumer merchandise.

The stock that day was trading between $13.62 and $13.87 a share. Bradley sold his CVN shares on Dec. 19, 1988, when the stock was trading in a range of $15.75 and $16.12. Bradley theoretically gained more than $14,000 in profits from this short-term venture.

* Gibraltar Financial Corp. Bradley, according to Hahn, failed to disclose that he had received between $1,000 and $10,000 in interest income from a Gibraltar “junk” bond.

Given the scant information that is publicly available, a more precise estimate of the worth of this investment, or even whether Bradley still holds bonds in the ailing savings and loan, could not be immediately learned. However, one financial analyst said Wednesday that given Gibraltar’s dismal performance over the last three years, the mayor has surely lost money on this investment.

* Trans World Airlines. Bradley on March 8, 1988, invested between $10,000 and $100,000 in TWA bonds, which he apparently still holds. The bonds, which were issued by the brokerage of Drexel Burnham Lambert, are held by the El Ree company. According to California secretary of state records, Los Angeles-based El Ree is in the business of real estate investments.

Bradley’s TWA bonds, which offer a 4% interest rate, were trading at 70% of par value when he acquired them, records indicate. The bond’s current par value could not be learned Wednesday.