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Closing Arguments in Keating Case Postponed: The flu sidelined the lead prosecutor in the securities fraud trial of Charles H. Keating Jr., so closing arguments that were scheduled for Tuesday have been tentatively reset for Thursday morning. Deputy Dist. Atty. William Hodgman has been fighting flu symptoms for the last week but finally was forced by a fever to stay in bed. The prosecution’s closing statement in the first criminal trial stemming from the collapse of Irvine-based Lincoln Savings & Loan is expected to last most of the court’s day. Keating is accused in 18 counts of defrauding 20 small investors who bought bonds issued by Lincoln’s parent company, American Continental Corp. They are part of thousands who lost more than $250 million after the company and the thrift failed in April, 1989.
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