LAW & REGULATION
From Times Staff and Wire Reports
Lincoln S&L; Action Delayed: Federal thrift regulators, acting at the behest of a former judge handling settlement talks in the massive Lincoln Savings & Loan litigation, postponed for a week the enforcement action against former Lincoln owner Charles H. Keating Jr. and six others. The hearing sought by the Office of Thrift Supervision is scheduled July 1. The OTS is seeking $130.5 million in restitution for Lincoln losses on four deals engineered by the Keating group. It also seeks to ban them from the industry for their role in the 1989 failure of the Irvine thrift.
