Orange County
In His Defense: On Thursday, attorneys for Rep. Christopher Cox are scheduled to argue in Orange County Superior Court why the Newport Beach Republican should be dropped as a defendant in fraud lawsuits brought by investors and the court-appointed receiver in the First Pension Corp. scandal. Irvine-based First Pension and related companies collapsed in 1994, leaving 8,000 investors with losses of more than $135 million. A hearing on Cox’s motion has been postponed a number of times since he was named in lawsuits last spring. Judge Francisco Firmat is scheduled to hear arguments on behalf of Cox and others at 2:30 p.m. The lawsuits say Cox is named because of his role in handling certain First Pension matters while a law partner at Latham & Watkins in the mid-1980s. Cox has denied any wrongdoing. The law firm and the accounting firm Coopers & Lybrand also are asking that the case against them be dismissed.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.