Newsday du lieu suivant : New York, New York • 66

Colobrating 2 How Locations i i i i a- t1 a j. 1 a. BUSINESS Jefferies Silent JEFFERIES from Page 51 The best service The lowest prices The widest selection The finest quality 25 locations irvice wi 0 9 CHITS UHlL 21" Deep Entertainment Centers Constructed of Oak Solids and Veneers with a California Oiled Oak finish. W52' D21 H38 Reduced Te 399 3 Piece Mirrored Wardrobe Unit Ybur choice of Black, White or Beige Cases. Mirrored fronts with plenty of storage spaoe.

W68 D24- H80 Reduced To 699 W52 D2i H45 3 Piece Oak Entertainment Reduced To Wall Unit Reduced To 499 799 takeover trader Salim B. Sandy Lewie in an alleged scheme to manipulate the stock of Firemans Fund Corp. and also that he parked securities for takeover speculator Ivan Boesky, the man who first implicated Jefferies. Since then, he has testified for the prosecutors in court three times, twice saying that he had helped GAF Corp.s vice chairman in a scheme to manipulate Union Carbide stock, and once saying that he helped corporate raider Paul Bilzerian in schemes to secretly accumulate blocks of stock for takeover plays. He is also expected to testify against Lewis.

The two GAF trails were declared mistrials; Bilzerian was convicted. If the eentence Lasker chooses follows his comments yesterday, Jefferies will have to serve some time in prison, but less than the three yean to which Lasker sentenced Boesky. After Jefferies lawyer James Paul Linn urged Lasker to give Jefferies a suspended sentence, Lasker noted that he had refused to do that for Boesky and had refused later to reduce Boeskys sentence. linn told Lasker that while Boesky made millions of dollars from his crimes, Jefferies greatest benefit had come indirectly from accommodating the schemes of his customers. Lasker later asked Romano if Jefferies activities were less serious than Boeskys.

Theres absolutely no doubt, Romano said. Lasker also asked Romano to confirm, which he did, that no one had been criminally prosecuted for securities parking before Jefferies committed the crimes. Romano praised Jefferies for the exemplary nature of his cooperation. Jefferies then found his composure, first apologizing for taking everyones time. Im very proud of what Ive done in my life, he began, to which Lasker added, You have reason to be.

But, Jefferies said, I am certainly disgraced by my actions. I knew at the time that I was bending the rules. I felt at the time that all of us in the securities industry were bending the rules. I felt if I got caught, Id get slapped on the wrist. Lawyers on the Move MOVING from Page 51 Lacquered 3 Piece 4 Piece Oiled Oak Pier Wall Unit Includes 2 piers, 1 light bridge Wall Unit Lit glass tops plus plenty of storage.

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LAWRENCE VILLE NJ DANBURY CONN NORWALK CONN fastest growing industry in New York City during the 1980s. It expanded by 28,000 jobs, or 66 percent, to a total of 71,000 jobs, said Samuel Ehrenhalt, the U.S. regional commissioner of labor statistics. The Davis Polk transaction is the biggest space deal this year, topping Bank of Nova Scotias taking of 300,000 square feet at One Liberty Plaza downtown. Last November, Salomon Brothers agreed to take 1.1 million square feet at 7 World Trade Center.

In other moves north by law firms in recent years, Cravath Swaine Moore is expanding to 370,000 square feet at the new Worldwide Plaza on Eighth Avenue; Lord Day Lord, Barret Smith is moving from lower Broadway to a new, 35-story building at 1675 Broadway and Simpson Thacher Bartlett is consolidating its downtown and Park Avenue offices in a new building at 425 Lexington Ave. Proskauer Rose Goetz Mendelsohn, which is already in Midtown, has signed a lease for 426,000 square feet in a new, 42-story Solomon Equities Inc. building at 1585 Broadway. Cleary, Gottlieb, Steen Hamilton is staying downtown, moving to One liberty Plaza. Other law firms, including Baker McKenzie in Midtown and Dewey Bal lan tine Bushby Palmer Wood downtown, are seeking space, the real-estate firm Jones Irng Wootton said.

It Baid that, among completed buildings in recent years, the vacancy rate is 9.3 percent in Midtown and more than 11 percent downtown, with little new construction downtown. Futures Trading Bill Proposed Washington (Reuter) Seeking to rid the nations i futures markets of scandal. Rep. Glenn Engliah (D- Okla.) yesterday proposed stringent new regulations I on futures trading practices and record-keeping. a The bill would sharply restrict the ability of futures brokers to trade for themselves while acting on behalf I of customers.

I The bill would also require futures exchanges' to develop ways to trace eveiy trade fully and would extend the Commodity Futures Trading Commie- sions supervisory authority. 1 1 1 a' if-'.