Michael Milken

  •  Columbia Savings & Loan
    • Tom Spiegel
  • Maxxam
    • Pacific Lumber
  • 1992 0228 - Los Angeles Times -
    • State Sues Over Failure of Exec Life : Insurance: Regulators say Michael Milken and former officials and associates of the firm were responsible ...
  • 1996 - LC - PRESIDENTIAL LIFE INSURANCE COMPANY v. Michael R. MILKEN - [link-Justia.com]
    • Beatrice International Holding
    • 4. Presidential Life was an important link in a series of settlements which provided very material benefits to Drexel's bankruptcy estate and its plan of reorganization.
    • No. 92 Civ. 1151 (MP).
    • United States District Court, S.D. New York
    • November 4, 1996.

  • IN RE MICHAEL MILKEN AND ASSOCIATES SECURITIES LITIGATION

    • In re Michael R. Milken and Associates Securities Litigation, MDL Dkt. No. 924, Master File No. M21-62 (MP), 1993 U.S. Dist. LEXIS 14242, 1993 WL 413673 (S.D.N.Y. Oct. 7, 1993)
    • Milken Global Settlement 
    • (MDL Dkt. No. 924, M21-62-MP (S.D.N.Y.)).
    • bergermontague.com
  • In re The Drexel Burnham Lambert Group Inc., et al., Case No. 90 Civ. 6954 (MP), Chapter 11 Case No. 90-B-10421 (FGC)
    • (No. 90-cv-6954 (MP), Chapter 11, Case No. 90 B
      10421 (FGC), Jointly Administered, reported at, inter alia, 960 F.2d 285 (2d Cir. 1992), cert. dismissed, 506 U.S. 1088 (1993) (“Drexel I”) and 995 F.2d 1138 (2d Cir. 1993) (“Drexel II”)).
  •  Drexel Burnham Lambert, Inc. v. Milken, et al., 91 Civ. 6108 (MP) (S.D.N.Y.). 
  • Presidential Life Insurance Company v. Michael Milken, et al., 92 Civ. 1151-MP (S.D.N.Y.)
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  • “You shouldn’t have borrowed short and lent long... Finance 101,” Milken said on CNBC’s “Last Call.”
    • “How many times, how many decades are we going to learn this lesson of borrowing overnight and lending long?
    • Whether it was the 1970s, the 1980s and 90s.”

2023 0502 - CNBC - Michael Milken says recent crisis is the same mistake banks have been making for decades - [link]

  • 2022 0218 - Reuters - U.S. prosecutors explore racketeering charges in short-seller probe, By Megan Davies, Chris Prentice - [link]
    • In the past, prosecutors have built RICO cases alongside other allegations, such as manipulation.
    • One of the most high profile cases brought under the RICO Act included that of Michael Milken, who was indicted in the 1980s for racketeering and securities fraud but reached a plea deal, pleading guilty to securities violations but not racketeering or insider trading.
  • AP-? - Michael Milken — the junk bond king - 12p
    • Another set of buyers was insurers.
      • These companies depended on their investment income and some of the less established companies naturally wanted to increase their yields to compete with the dominant players.
      • These buyers included Saul Steinberg, who owned Reliance Insurance, Fred Carr who owned Executive Life (First Executive Corp.) and Larry Tisch and Meshulam Riklis, both of whom owned insurance companies
  • 1991 - Book - Den of Thieves, James B. Stewart 
    • Milken, Boesky, Junk Bonds, 
    • Audible
       
  • Presidential Life v. Milken, et al, Federal Civil LawsuitNew York Southern District Court, Case No. 1:92-cv-01151