August 26, 1994

The Mexicans have voted. Now it's the Americans' turn. United States corporations and investors are poised for a new round of ventures in Mexico after the ruling party's recent victory in an election they regard as clean enough, at least, to be valid.

A court-appointed examiner has rebuked one of the country's largest and richest law firms, asserting that it had numerous potential conflicts of interest in its handling of the bankruptcy case of the Leslie Fay Companies and did not properly disclose them as required by law. But the examiner, Charles A. Stillman, stopped short of recommending that the law firm, Weil, Gotshal & Manges, be forced to return more than $10 million in fees earned so far from its work for Leslie Fay in the Chapter 11 bankruptcy case and be barred from continuing to represent the company. Board Members Represented The issue arose because the law firm also represented a committee of Leslie Fay's board that was set up to investigate an accounting scandal that ultimately forced the company into bankruptcy last year. And it represented several prominent independent members of the board in other matters.

As the Senate tottered toward a two-week recess tonight, even a big victory on the crime bill did relatively little to lift flagging spirits in the White House about health care legislation, which President Clinton has made the centerpiece of his Administration. Mr. Clinton said this afternoon that he did not consider the legislation dead, and added that he did not think the recess would kill it.

Young lovers on killing spree, via Stone. Gory garbage with flimsy satirical trimmings.

AT& T Deal Is Approved A Federal judge approved AT& T's $12.6 billion deal to buy McCaw Cellular Communications, effectively removing the main obstacle. Page D1. Home Health Care Probe A lawsuit brought by an AIDS patient may offer insight into a Federal investigation of the country's largest home health care provider. Page A20. Timeout Called in Baseball As the strike reached the two-week mark and the talks reached a boiling point, Federal mediators declared an indefinite recess. Page B7.