SECURITIES
From Times Staff and Wire Reports
Judge Approves Claims Against Milken: U.S. District Judge Milton Pollack in New York gave final approval to a plan setting aside $50 million for investors who filed late claims against Michael Milken and other Drexel Burnham Lambert Inc. employees. Pollack initially set aside the money in March from the $1.3 billion paid by junk bond broker Milken and other Drexel employees to resolve more than 150 lawsuits. Pollack’s order bars any more lawsuits against Milken and more than 200 Drexel associates participating in the overall settlement.
