BANKING & FINANCE - Jan. 9, 1992
From Times Staff and Wire Reports
Securities Charges to Be Dropped: Federal prosecutors said they will drop remaining charges against four principals of a New Jersey investment firm whose racketeering convictions were overturned. A federal appeals court threw out the racketeering convictions of the Princeton/Newport Partners principals and ordered a retrial on tax charges. Prosecutors said they were dropping a separate but related indictment against Bruce Newberg, a former Drexel Burnham Lambert Inc. trader who worked for Michael Milken. The dropped indictment accused Newberg of violating securities regulations with Milken.
