SEC Probing Drexel, Jefferies and Others Over Attempted Takeover of TRE Corp.

From: The Washington Post | Date: February 28, 1987| Author: | Copyright information

The Securities and Exchange Commission is investigating the investment banking firm of Drexel Burnham Lambert Inc., the Jefferies & Co. stock brokerage firm, New York investor Saul Steinberg, and a company controlled by Hollywood producer Burt Sugarman to determine if securities laws were violated in connection with Sugarman's 1986 bid for control of TRE Corp., a California aerospace firm.

Sources said the SEC's review of the TRE deal raises questions about economic relationships involving Drexel, Jefferies and other entities.

John Olson, an attorney in the Washington office of Gibson, Dunn ...

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