OTHER NEWS - July 9, 1991
Settlement Reached in Boesky Litigation: Lawyers for inside trader Ivan F. Boesky and partners in a Boesky enterprise have agreed to settle a longstanding lawsuit, resolving nearly all litigation against the speculator, sources said. Boesky’s main law firm--Fried, Frank, Harris, Shriver & Jacobson--and a defunct auditing firm agreed to pay $11.2 million to the 46 partners in Ivan F. Boesky & Co. to settle charges that the law firm misled them. Sources said a large majority of the partners agreed to the settlement. Harvey Pitt, a Boesky lawyer with Fried Frank, declined to comment on the deal.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
