Discover Family, Famous People & Events, Throughout History!

Throughout History

Advanced Search

Publication: European Stars and Stripes Thursday, November 19, 1987

You are currently viewing page 5 of: European Stars and Stripes Thursday, November 19, 1987

   European Stars And Stripes (Newspaper) - November 19, 1987, Darmstadt, Hesse                                Thursday november 19, 19b7 the stars and stripes Page s investment firms included in Silver Price fixing suit new York a a Federal judge refused tuesday to drop Prudential Baclic securities inc. Merri Lynch co. And three Oil a  train a multimillion Dollar civil lawsuit charging they conspired with he Hunt Broth ers to manipulate she world Silver Market. I conclude that the record contains sufficient evidence from which a reasonable jury could find these five defendants participated in a conspiracy to manipulate Silver prices ruled . District judge Morris r Lasker. Lasker s 38-Page decision paves the Way for a jury trial feb. 3 in Manhattan on a class action civil suit brought by Minicco a a Mineral concern owned by the peruvian government and other investors. The Case alleges that Nelson Bunker Hunt and his brother William Herbert Hunt conspired with Silver futures traders and the brokerage houses thai handled heir Silver futures accounts to manipulate the Price of Silver and Silver futures. Min Peco the main plaintiff is trying to recoup $100 million in out of pocket losses and another si00 million in estimated lost profits from the Silver mar Ket s collapse on March 2 7, 1980. The lawsuit accuses the alleged conspirators of violating the  and civil provisions of the rack Eicr influenced and corrupt organizations act. The Federal commodity futures trading commis Sion which is holding hearings in Washington has contended the Hunt Brothers and others bought More than 100 million ounces of Silver Bullion on . And european markets Between september 1979 and March 1980. Thai in turn caused artificially High Silver prices which peaked at More than s50 an ounce in january 1980, according to the  commission hearing is one of several Legal proceedings involving the 1980 collapse of the Silver mar Ket. The Hunts face up to Iso million in fines and damages and a ban on future commodities trading if they Are found guilty in that Case min Peco alleges that a conspiracy led by the two Broth Era supported by two groups of wealthy investors including their brother Lamar Hunt and knowingly assisted by the brokerage firms caused a dramatic Rise in Silver prices from August 1979 to january 1980.five defendants including the brokerages Ali International commodity services inc., Pru Damial Dacha and Merrill Lynch and two Silver traders Lamar Hunt and Mahmoud Sustok sought a summary judgment from Lasker. Am jeeps face Federal probe Washington a the National Highway traffic safety administration will investigate 140,000 jeep Wagoner is and cherokees following reports of three children dying after becoming stuck in rear Tail Gale windows the Agency said tuesday. Nitsa while cautioning no defect had been proven said it also had three reports of children being injured when they became caught in the windows. Nitsa s engineering evaluation covers 1979 through 1988 Model Wago cers and cherokees. I he jeeps were manufactured by american motors corp., which was bought by Chrysler corp. In August Chrysler notified Nitsa it intends to recall 180,000 vehicles from the 1970 to the 1988 Model Yean As a result of the reports said Karen Stewart a Chrysler spokeswoman. Chrysler s proposed recall went beyond the scope of the Nitsa probe which was opened at the request of the Center for Auto safely a Consumers group seeking greater safety in automobiles. The Center alleged the tailgate window key stuck in the on position after being turned on by children. In each ease the Power window continued to go up and closed against the child s neck or Chesl strangling him or her the Center said. Clarence Dillow director of the Center said the alleged defect was one of the most gruesome the group had uncovered. Its Young victims arc caught unaware and suffer a slow painful Cash. The anguish of i hair parents is  Chrysler will warn owners to avoid leaving the tailgate window switch key with the car. Particularly when it is occupied by unattended  Stewart said. Stewart said authorized Chrysler dealers will repair defective tailgate mechanisms at company expense. The models included in the proposed recall All with electric tailgate windows Are full sized 1970-1983 jeep wagoneer 1974-1983 cherokees and 1984-1988 grand wagoneer. 3 ships return Home after med duty Charleston . A three Navy ships returned to Charleston naval base on tuesday after More than five months in the Mediterranean. The Only feeling that comes close to it is the feeling when you re a Small boy right before Christmas said cmdr Richard a. Robbins commanding officer of the frigate Bowen. The Bowen frigate Joseph Hewes and the guided missile destroyer William v. Pratt were assigned to an 11-ship Battle group led by the aircraft Carrier Saratoga based in Mayport fla., i ,. Refresh airline says it will pay $325,000 Fine to Dot Eagan Minn. A Northwest air tomes that some of its lights Are operate the ships with about 960 sailors aboard were greeted by Hundred of people watching from piers and nearby ships waving flags and placards and cheering the Saratoga s Battle group conducted training exercises in the Western Mediterranean operated with warships of Spain and Egypt and participated in a nato exercise. We sailed 34,000 Miles demonstrated our warfare skills visited Many countries Robbins said. People genuinely liked us As americans something i found  Maria a Sillen state probing use of Money by Dewillers Miami a a woman s handling of $450.000 donated for her son s liver transplants is being investigated by the state following a Hospital lawsuit seeking payment and reports that she kept part of the Money Honda s Secre tary of state said. Maria Dewillers whose 7-year-old son Ron Nie died in april while awaiting a fourth trans Plant is under investigation for possible Viola Lions of Florida Charity regulations said Secretary of stale Jim Smith he said he has referred other complaints 10 dad county slate attorney Janet Reno. How Ever Smith said he was unaware of any criminal investigation. Dewillers 31, refused to comment on the investigation. Her attorney Stanley Rosenblatt said it is a result of the publicity she has received. I believe ultimately the invest in Salon will re veal no wrongdoing on the part of Maria Desil lers Rosenblatt said. Children s Hospital of Pittsburgh where Ron Nie underwent the transplant has filed Suil against Dewillers for 1260,000 left unpaid of a $424,302 Bill. Dewillers claims she he Only s 196,000 left of the Money donated after paying the Hospital an initial Deposit of s162,000. She said last week she was withholding pay ment because of concerns about the accuracy of the Bill and Quality of the last Organ Ronnie received. Lines ays it will pay a 1325,000 Fine to the us. Department of transportation which accused the airline of violating Federal con Sumer Protection rules. The airline said monday in a statement that it did not admit to violating Dot guidelines but agreed to Settle the matter to Avert costly litigation that would result if it challenged the Dot  the transportation department cited Ihra problems at Northwest refunds on unused tickets were not paid promptly passengers bumped from overcrowded flights weren t always informed of their rights. The airline did t always inform Cus Tomer t f it operated by smaller regional airlines. Northwest spokesman red Tyler said the airline s refund problems have been corrected. He said the government complaints on bumping and regional airlines resulted from differing interpretations of Federal rules and those problems have also been remedied by increased training. None of i desc problems will Ever occur  Tyler said. It s just Good business to get this matter resolved Ana go on with the business of running our  Tyler said Northwest encountered refund delays shortly after merging with the Minne Apolis based Republic airlines in August 1986 and did t get refund operation Backen track until Early 1987. Sands of time in the stars and stripes 40 years ago foe a. Nov. 19, 1947 attempts to agree on an Agenda for a meeting of the big four foreign ministers Council collapsed leaving in to the diplomatic chiefs themselves to determine whether Germany s or Austria s future would get lop priority. 30 years ago today. Nov. 9, 1957 French foreign minister Christian Pineau declared that the British american delivery of arms to Tunisia had damaged the Solidarity of the Atlantic Alliance and had Given the French communist party its greatest Victory since world War ii. 20 years ago today. Nov. 19, 1967 Michigan gov. George Romney announced his candidacy for the Republican presidential nomination. J 0 years ago today. Nov. 19, 1977 violent protests of egyptian president Anwar Sadat s visit la Israel were staged in egyptian embassies in Athens and Beirut a palestinian group invaded the Athens embassy and a bomb Tore through the first floor facade of the Beirut embassy. One death resulted  
Browse Articles by Decade:
  • Decade