Investors in Boesky Case to Get $53.3...
From Times Staff and Wire Reports
Investors in Boesky Case to Get $53.3 Million: A settlement valued at $53.3 million has been reached in various lawsuits against Ivan F. Boesky, according to court papers filed in New York. Part of the settlement, reached with investors who sold six stocks while Boesky was trading them illegally on inside information, is covered by $29.6 million from a victims’ fund established with money Boesky paid to settle civil charges with the Securities and Exchange Commission. Boesky, the center of the biggest insider trading scandal in Wall Street history, agreed in November, 1986, to pay $100 million in penalties and plead guilty to one felony to settle criminal and civil charges.
