Milken Hearings Delayed: Federal court hearings in...

Milken Hearings Delayed: Federal court hearings in which witnesses are due to give evidence against junk bond king Michael Milken have been postponed at least until next Thursday. The hearings had been scheduled to begin in New York on Tuesday. A judge allowed the delay after Milken’s defense lawyers complained that they didn’t have enough time to prepare. Both prosecution and defense witnesses are due to testify on whether Milken committed additional crimes, a question the judge will take into account when she determines Milken’s sentence on the six counts to which he pleaded guilty.