Litigation
Feb. 17, 2005
Credit Lyonnais Settles
LOS ANGELES - State Insurance Commissioner John Garamendi has reached a settlement "in principle" with French bank Credit Lyonnais to resolve claims that the bank illegally acquired the assets of the insolvent Executive Life Insurance Co. in the early 1990s.
The news came Tuesday afternoon during breaks in a final status conference before U.S. District Judge Howard Matz....
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