SECURITIES

PaineWebber Settlement Gets Tentative OK: A U.S. District Court judge in New York tentatively approved a $125-million settlement for a class-action suit against PaineWebber Inc. relating to its sale of limited partnerships. The parent company, New York-based PaineWebber Group Inc., said the settlement would result in no further cost to the company because it had already taken the charges associated with the agreement. The suit represented more than 150,000 investors. The settlement includes $125 million in cash as well as additional guarantees valued at $75 million. PaineWebber brokers sold about $2.5 billion in real estate, energy and other limited partnerships between 1980 and 1992. Investors claimed the brokers misrepresented the risks involved.