OTHER NEWS - May 20, 1992
From Times Staff and Wire Reports
Ian Maxwell Faces Action on Pension Funds: The liquidators of an investment company belonging to the late Robert Maxwell said they served a writ on his son, Ian, in connection with the loss of more than $728.9 million from Maxwell company pension funds. The action follows a similar move in December against Kevin Maxwell, Ian Maxwell’s younger brother. The brothers worked alongside their father in running his media and publishing empire, and the liquidators’ action means both now face legal proceedings relating to its collapse.
