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ITT Stocks Hit By Injunction and New Jersey Suit
A U S District Court in New York issued a permanent injunction barring ITT from further stock sale violations after a Securities and Exchange Commission suit accused ITT and two executives of using inside information. A New Jersey stockholder, Anne Martindell, filed a separate suit alleging illegal political activity and waste of corporate assets by ITT and President Harold Geneen.
MENTIONED IN THIS ARTICLE
SEC
Howard J. Aibel
John J. Navin
ITT
Hartford Fire Insurance
Aibel and Navin
Lazard Freres and Co
New York
Mediobanca
Milan
Italy
Lazard Freres
New Jersey
Anne Martindell
Princeton
Harold S. Geneen
United States
Jack Anderson
San Diego
Allende
Chile
Vance Hartke
D-Ill