BANKING & FINANCE - Feb. 26, 1993

Keating Loses Round in Court: The U.S. 9th Circuit Court of Appeals reinstated a consumer fraud suit that the California attorney general’s office had filed against Charles H. Keating Jr., directors of his company and the Arthur Young & Co. accounting firm. The suit, dismissed by a federal judge in Tucson, seeks $250 million for small investors defrauded of more than $250 million in the 1989 collapse of Lincoln Savings & Loan and its parent company, American Continental Corp. Investors have already received about half their money back from other settlements and judgments.