A summary of Southern California-related business litigation developments during the past week.

Conviction Reversed in State Savings Case: A San Francisco federal judge Thursday overturned the conviction of financier J. William Oldenburg and his former lawyer on charges of lying on financial records in a $26-million State Savings & Loan fraud case. U.S. Atty. Joseph Rossoniello said he would seek a retrial of Oldenburg and his former attorney, Martin Mandel. In December, the two men were found guilty of failing to enter in the records a $10-million transfer of funds from State Savings in connection with a 1984 property purchase. (Filed Jan. 27, 1989; Case No. CR89-0033EFL)