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Judge Postpones Keating Decision: Citing a “strong...

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From Times Staff and Wire Reports

Judge Postpones Keating Decision: Citing a “strong possibility of resolution” between the government and attorneys for Charles H. Keating Jr., former chief of failed Irvine-based Lincoln Savings & Loan, U.S. District Judge Stephen V. Wilson delayed ruling on a Justice Department suit that would require Keating to disclose his assets. Instead, Wilson gave attorneys for both sides until Wednesday to reach a settlement in the case. The Justice Department, seeking to enforce an Office of Thrift Supervision order, Friday filed suit against Keating, seeking the disclosure and a partial freeze of his assets. Wilson also rejected a motion by Keating’s attorneys to transfer the case to Phoenix.

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