Bankruptcy
Sep. 14, 1999
Loss Is a Rare One for SEC
SANTA ANA - When U.S. District Court Judge Gary L. Taylor ruled last month that a former employee of Dain Rauscher Inc. did not commit fraud or withhold critical information from investors before Orange County's 1994 bankruptcy, the judge did not just close the book on one of the last remaining pieces of litigation in the historic financial collapse.
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