Keating sues government: beleaguered arizona businessman charles...

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Keating Sues Government: Beleaguered Arizona businessman Charles H. Keating Jr. and top executives of his bankrupt American Continental Corp. sued the federal government for $300 million,


claiming that regulators wrongly took the company’s property--its Lincoln Savings & Loan subsidiary--and destroyed it. The suit, filed in U.S. Claims Court in Washington, is similar to


one American Continental filed a year ago after regulators seized the Irvine-based thrift. MORE TO READ