Posted on 08/13/2002 9:06:24 AM PDT by gubamyster
Politics: The GOP gubernatorial candidate may take the stand weeks before the election. He and other investors sued the U.S. over the failure of the business.
By MICHAEL FINNEGAN, TIMES STAFF WRITER
The U.S. Justice Department has put Republican gubernatorial nominee Bill Simon Jr. on its witness list for a savings and loan trial that starts next month in Washington.
The tentative schedule would have Simon on the stand Oct. 16--less than three weeks before the election.
The trial stems from a lawsuit that Simon and other investors in the former Western Federal Saving and Loan filed against the government. The Simon family lost its $40-million investment in Western Federal, which was based in Marina del Rey, and hopes to win at least some of it back.
The government seized the S&L in 1993 at a cost to taxpayers of $122 million.
The trial before Judge Emily C. Hewitt at the U.S. Court of Federal Claims in Washington is scheduled to start Sept. 17 and finish by Oct. 18.
(Excerpt) Read more at latimes.com ...
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