FDIC, RTC File $6 Billion Lawsuit Against Michael Milken, Other Drexel and Thrift Industry Officials Over Junk Bond Losses
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FDIC, RTC File $6 Billion Lawsuit Against Michael Milken, Other Drexel and Thrift Industry Officials Over Junk Bond Losses

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  • Press Release Number:
    PR-7-91
  • Release Date:
    01/18/1991
  • Agencies Involved:
    Federal Deposit Insurance Corporation (FDIC);Resolution Trust Corporation (RTC);
  • Bank Involved:
    Drexel Burnham Lambert;Lincoln Savings in Irvine, California;CenTrust in Miami;Columbia Savings in Beverly Hills, California;
  • Fdic Employee Involved:
    L. William Seidman
  • Other Notable People Involved:
    Michael R. Milken;Lowell J. Milken;Frederick H. Joseph;Edwin Kantor;Charles H. Keating, Jr.;David L. Paul;Thomas P. Spiegel;
  • Other Institutions Involved:
    Groupe Bruxelles Lambert S.A.
  • Source:
    FDIC Library Collection
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