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Article: Unocal Corp. files action against two investment-banking firms and four indicted Wall Street traders for breach of contract and negligence arising from company's defense against hostile takeover bid by Mesa Partners II in 1985.
- Article from:
- PR Newswire
- Article date:
- April 14, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOS ANGELES, April 14 /PRNewswire/ -- Unocal Corp. (NYSE: UCL) today filed an action against two investment-banking firms and four indicted Wall Street traders for breach of contract and fiduciary duty, fraud, negligence and conspiracy arising from the company's defense against a hostile takeover bid by Mesa Partners II in 1985.
Unocal's action, filed in California Superior Court in Los Angeles, names Goldman, Sachs & Co.; Kidder, Peabody & Co. Inc.; Robert M. Freeman, a partner at Goldman Sachs; and Richard B. Wigton, Timothy L. Tabor and Martin A. Siegel, all officers in Kidder Peabody's arbitrage department, as defendants. Additional defendants may be named ...
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