Daily News from New York, New York • 81

"We'll do things the way we always $3 have. There'll always be yellow pads. We lawyers can't live without them." Arthur J. Rothkopf, lawyer 69 DOW JONES Up 5.51 Thursday, August 17, 1989 A.jLia2? mm n.m JgWW3lgy By ROXANNE TAMARKIN The Marshalls plan Marshalls Inc. is buying eight Long Island and four New England locations of Channel Home Centers Inc.

They will be remodeled and opened as Marshalls stores after the By ALEX MiCHELINI Daily News Staff Writer The scores of investors bamboozled out of $12.9 million by Wall Street fizz kid David Bloom got official transfers are completed in October. Marshalls is a division of Melville the New York-based holding company that owns 13 national specialty retail chains. Up bid Marvin Davis is willing to pay $275 a share for the common stock of UAL, the parent of United Airlines, up from $240. UAL said Davis also wants to remove all board members except took a bath in the resale of $650,000 worth of jewelry, $215,000 in sports cars and $600,000 in apartment furnishings. The jewelry returned $211,100, the cars $144,774 and the furnishings $157,592.

There were losses and gains on Bloom's real estate. An East Side condo that he bought for $290,000 sold for $323,812. There also was an $11,516 profit on a down payment for a second condo. But an East Hampton house, together with an adjoining lot, that cost a total of $2.1 million returned only $1.7 million in resale. "It was not an easy sell," said Picard.

The fees include $224,631 for Picard, $294,288 for his lawyers from the firm of 01-shan Grundman Frome Ro-senzweig Orens, and $111,270 for his accountant, Jerry Klein. "I think this was done inexpensively," Picard said. ings," so Bloom paid out more than $2.3 million. Among the recipients were Bloom's parents, Daniel and Lois Bloom, who got $191,250, the report said. The receiver sued the Blooms to return the money, and they settled by repaying $30,000, plus interest.

The sale of Bloom's property showed that the former art-history major at Duke University may not have had such a sharp eye for art Bloom spent $5.6 million of investor money to feed his art passion, but the works auctioned off by Sotheby's brought in only a little more than half of what Bloom paid $2.9 million. Picard suggested that commissions paid by Bloom and the short time he owned the art may have contributed to his higher costs. The Bloom estate also Chairman Stephen Wolf. On Broadway David Bloom some good, but not great, news yesterday. They'll receive nearly half, or 44.3, of their money back, according to a final report of recovered assets approved by Manhattan Federal Judge Michael Mu-kasey.

But the lawyers and aides who handled the estate got even better news they'll share $630,000 in fees. "The case is closed," Mu-kasey said in his order. Irving Picard, the court-appointed receiver in the case, said refund checks will be going out to about 150 investors "in the next couple of days." Bloom, 24, is serving an eight-year prison term for running a phantom finan Rupert Murdoch's News America Corp. has set its sights on Bruce EichnerVMS Broadway State Building, the office tower rising on Broadway at 45th St, for its new home since its deal to take nearly a million square feet of space at 1585 He attracted millions from friends, relatives and acquaintances but never plunked. a dime into the stock market.

Instead, he splurged on himself. In his final report, the receiver said Bloom received $14.9 million from investors. Some of them wanted to see part of their "earn Broadway soured with developers Solomon Equities, real estate sources said. Rice pudding Rice Aircraft Inc. of Hauppauge.

L.I., and its president, Bruce Rice, pleaded guilty yesterday to selling Ecicii8 is thousands of used nuts and bolts as new to several airlines and aerospace contractors. $80Msuit rednc ing Robert Buckley, ex-chief executive for Allegheny International filed an $80 million suit against me crazy cial investment business. For execs, it's worth the wait By NANINE ALEXANDER Assistant Business Editor Out-of-work executives had to wait longer to land new jobs in the past 12 months, but the jobs they took paid better than those they left Those were the findings of a survey released yesterday by Drake Beam Morin Profession Search time New pay in months salary change General management 5.9 $79,868 Corporate staff 76 131,160 1.2 Financeaccounting 60 81,974 1.4 Marketingsales 5.5 85,251 12.0 Operations 5.7 82,561 3.0 Human resources 6.3 70,185 Information systems TJ2 81,329 1.0 Engineering 5.3 65,179 4.4 Science 4.5 66,547 1.0 less than 1 Source: Drake Beam Morin Inc. Business Week magazine, claiming a cover story defamed him, costing him his job and reputation. Frankly speaking Texas Air parent company of Continental and Eastern airlines, suffered a $719 million lose last year, but Chairman Frank Lorenzo remained one of the nation's highest- paid airline chief execs with his $1.25 million cash compensation.

Meanwile, Boston investment firm Loomis, Sayles Co. said it has purchased a 12 interest in Texas dent That was especially good news, he said, in light of expectations during the past year that the economy was headed for a slowdown. The average time it took to find a job increased from 5.1 months in 1988 to 5.9 months for the 12 months ended June 30, 1989. That represents the lengthiest job search since DBM began publishing its report in 1987. The time spent was worth it.

The survey showed that displaced senior and mid-See EXECS Page 74 Air, but strictly for investment a New York career, management and outplacement firm. "The employment market isn't really that bad," said Jim Cabrera, DBM presi- purposes and that it does not represent a possible takeover attempt It's a natural United Parcel Service and By RICHARD SHERWSN Daily News Business Wnter Crazy Eddie Inc. is shrinking again to put all its energy into the New York area market. The beleaguered consumer electronics chain, which filed for protection under Chapter 11 of the bankruptcy laws last June, said yesterday it will close eight of the company's 26 stores but of none of them will be in the five boroughs. The company said it would conduct "going-out-of-business" sales at its Toms River and Egg Harbor, N.J.; Hamden, Trumbull and Farmington, and Nanuet, N.Y.; Philadelphia and Willow Grove, stores.

The stores are expected to close for good in November. However, Crazy Eddie will continue to operate 10 stores in New York, six in New Jersey and two in Connecticut The Edison, N.J. -based company closed 17 stores in the spring. It said in a statement yes-See CRAZY Page 74 Brooklyn Union Gas Co. began a two- Lawyers' yellow streak over? year alternative-fuel project yesterday, making UPS the first private transportation company to use natural gas as a vehicle fuel in the city.

Earnings Resorts International, loss of $27.9 million, vs. loss of $13.8 million foryear-ago period earlier. Par lumbia on Oct. 1, and to discourage them from producing colored paper trash which many recycling firms don't want. "It means we'll have to use white legal pads, I guess," said Michael Horn, a partner in the prestigious, 240-Iawyer firm of Covington Burling.

Yellow legal pads are suffering a decline in popularity among younger lawyers who prefer to use personal computers for, note-. keeping, Horn said. "But us older fellows and gals are wedded to yellow legal pads, I'm afraid." Arthur J. Rothkopf, partner and chief spokesman for Hogan Hartson, said the new law will mean headaches for landlords, who must haul the trash away, but not for lawyers. "We'll do things the way we always have," Rothkopf said.

"There'll always be yellow pads. We lawyers cant live withputttienu', THE ASSOCIATED PRESS WASHINGTON The capital's army of high-priced lawyers at least those not spending August playing golf somewhere was jolted by an edict from local government trash collectors this week: "Stop using yellow legal pads." The warning was intended to prepare local office workers for a sweeping new recycling law that goes into effect in the District of Co-, 1 Pharmaceutical, loss of $1.77 million vs. gain of $2.03 million or 18 cents a share Tele-Communications loss of $63.6 million vs. loss of $21.9 million Toys Us, $23.5 million or 12 cents a share vs. $23.1 million or 12 cents.

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