Former Lincoln Chief Added to Case: A...
From Times Staff and Wire Reports
Former Lincoln Chief Added to Case: A federal regulatory agency added Andrew H. Niebling, former chairman and chief executive of Lincoln Savings & Loan, to an enforcement action seeking to recover from him and others $40.9 million lost in deals that led to the 1989 collapse of the thrift. Niebling, a defendant in much of the civil litigation swirling around former operators of Irvine-based Lincoln, becomes the seventh person that the Office of Thrift Supervision has targeted in its effort to seek restitution in the deals.
