Date Set for New Milken Indictment: Federal...

Date Set for New Milken Indictment: Federal prosecutors in New York told a judge that they will bring a new indictment against former Drexel Burnham Lambert junk bond chief Michael Milken by the week of April 16. The “superseding” indictment has been delayed for months, and the court hearing was the first public word in some time on when new charges may be filed. Sources close to the case said the deadline, a month away, would give prosecutors and defense lawyers ample time to continue efforts to reach a settlement. Milken currently faces a 98-count indictment and has pleaded innocent.