OTHER NEWS - April 18, 1995
<i> Times Staff and Wire Reports</i>
Angeles Mortgage Alleges Insider Trading: Angeles Mortgage Investment Trust said it filed a complaint earlier this month in Los Angeles County Superior Court against “various individuals,” alleging illegal trading in the company’s stock. Angeles Mortgage said it is seeking damages from “the (misappropriation) and illegal use by defendants of non-public, ‘insider’ information to acquire shares (of the company) to the detriment of the (company) and its shareholders.” Company executives declined to elaborate or to identify the defendants. Shares of Los Angeles-based Angeles Mortgage were unchanged at $6.625 in American Stock Exchange trading. The stock has risen about 89% over the past year.
