Marriott fraud trial centers on split plan and bond risk
A Baltimore federal jury weighs an $18 million securities fraud suit by 11 institutional investors led by PPM America against Marriott Corp. alleging managers hid plans to split the company when bonds were sold. Plaintiffs say disclosure was required under the 1934 Act. Marriott denies wrongdoing, calling the theory fanciful.
MENTIONED IN THIS ARTICLE
Baltimore
Marriott Corp
PPM America, Inc
Marriott
Lawrence Kill
Arne Sorenson
Stephen Bollenbach
Bollenbach
Project Chariott
Marriott International Inc
Host Marriott
GE to Sell Kidder Peabody to PaineWebber for 670 Million
GE will exit its Wall Street brokerage venture by selling most of its Kidder Peabody Group to PaineWebber in a deal valued around 670 million dollars. Half of Kidder’s 5,000 employees face layoffs, marking a major consolidation in the securities industry.
MENTIONED IN THIS ARTICLE
NEW York
General Electric Co
Wall Street
Kidder Peabody Group Inc
PaineWebber Group Inc
Donald B. Marron
PaineWebber
Kidder
Drexel Burnham Lambert Inc
U.S
PaineWebber-Kidder
Tax break for summer ethanol gasoline approved
Treasury said gasoline with at least 12.7 percent ETBE will get a 3 cent per gallon federal excise tax exemption, matching the 5.7 percent ethanol credit. Nebraska Sensits Kerrey and Exon praised the decision linking ethanol, oil and environmental groups.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Department
Bob Kerrey
James Exon
Nebraska
Also Mentioned on This Page
Kidder Peabody
Treasury
Kerrey
Bush
Clinton
Mr. Exon
Environmental Protection Agency
Edward D. Jones
Stock Market Report
Randy S. Bluhm
Edward D. Jones Co
W. Patrick St. Frederick
Aadhaies
Pyoware
Pape
Arthur W. Boyce
P.A
West
Patrick Street
Frederick
Maryland
Mamsi
Mid Atlantic Medical Services, Inc
Hagerstown
Garrett
Optimum Choice, Inc
D.C
Virginia
Pennsylvania Avenue
Dow Jones Industrial
New York Gold
AllgPwr
Alpha Ind
Alumax
Avemco
Baltge 2 i
Bell Atl
Whittaker T
Black Dr
Citizens Bank
CSX
Potom el
Sears
Giant Foods
GTE Corp
Kmart
Eis
Life Tech
Ferris, Loral Corp
Baker Watts Inc
Lowes
Bowerman
Reeder
Dougherty
Lake
Teague-Levy
Hoke
Gray
Boyer
Hogan
Rhoderick
State Senate
Chamber of Commerce of
Frederick County
Cable 10
Abc
Baker Watts & Company
Ferris, Baker Watts
N. Court Street
Robert G. Hooper
Anne
Baker
Bob Hooper
Ferris
Watts
SIPC
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