Event
SEC v. Drexel Burnham Lambert
SEC suit of 1988, after Ivan Boesky’s revelations, that ended with Drexel and Michael Milken enjoined and made to disgorge $350 million and $400 million.
- Dates
- 1988 – 1 Dec 1993
- Place
- New York City
Connections 2
involved
- U.S. Securities and Exchange Commission plaintiff; Drexel, Michael Milken and others were permanently enjoined, Drexel disgorged $350 million and Milken $400 million Primary record 1
- U.S. District Court for the Southern District of New York heard the case; Judge Pollack’s opinion of 1 December 1993 recounts its outcome Primary record 1
Timeline 1 date
- 1988 – 1 Dec 1993 SEC v. Drexel Burnham Lambert
Proof 1 source
-
SEC v. Drexel Burnham Lambert Inc., 837 F. Supp. 587 (S.D.N.Y. 1993) (Judge Pollack, opinion and findings), U.S. District Court, S.D. New York (text via Harvard Caselaw Access Project), 1 Dec 1993.
Primary record
This suit was commenced in 1988 following the revelations of Ivan Boesky in 1986 and 1987, which landed him in jail in 1987.
all of whom ultimately were cast in judgment and permanently enjoined from violating the United States Securities and Exchange Act and the Securities Act.
Additionally, Drexel was required to disgorge the sum of $350 million and Michael Milken disgorged the sum of $400 million.
Page history 1 change
- Add 55 stories, each checked against its sources96e92fe6
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