Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.latimes.money From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: SECURITIES Date: Sat, 7 Nov 92 09:20:14 EST Message-ID: HEADLINE: SECURITIES Publication Date: Friday November 6, 1992 BYLINE: Boesky to Pay $50 Million to Settle Suit: Maxus Energy Corp. said former Wall Street kingpin Ivan F. Boesky agreed to pay $50 million to settle a lawsuit in an insider-trading case brought by the oil and gas company. Boesky was the sole remaining defendant in a $2.2-billion suit filed in 1987 by Maxus, formerly Diamond Shamrock. Kidder, Peabody & Co., a former defendant in the suit, settled with Maxus last month, agreeing to pay the Dallas-based company $125 million in cash and $40 million in five-year warrants to purchase common stock. Maxus said it expects to recover $15 million from Boesky, mainly from the division of assets of Boesky's former marriage and his future earnings. This article is copyright 1992 The Los Angeles Times Home Edition. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM