OTHER NEWS - Sept. 17, 1991

Bear Stearns Settles Suit Against Proxy Solicitor: Bear Stearns & Co. settled a lawsuit against a leading shareholder proxy solicitor that the investment firm contended had stolen confidential information about its clients. As part of the agreement, the proxy solicitor, D. F. King & Co., said it fired an employee who had been suspended in connection with the allegations. Further details were not disclosed. The lawsuit, filed late last month in New York State Supreme Court, alleged that D. F. King workers impersonated high-level Bear Stearns employees, phoning underlings at the investment firm and duping them into giving away information.