POLISHAN TRIAL IS EXPECTED BY SEPT. ’98

NEW YORK — The fraud trial of Paul Polishan, former chief financial officer of the Leslie Fay Cos., is expected to start between April and September of 1998, according to court papers filed in Manhattan bankruptcy court.
Polishan lost his bid in bankruptcy court on Wednesday to have his pending $1 million wrongful termination claim against Leslie Fay delayed until after the criminal case is resolved.
Jeffrey L. Zivyak of Zivyak Klein & Liss, Polishan’s counsel, said his client will appeal the decision.
Polishan was discharged from Leslie Fay in September 1993, in the wake of an accounting scandal that pushed the women’s apparel maker into Chapter 11 in April 1993. He was indicted by a federal grand jury in October 1996 in Scranton, Pa., on charges that he “directed the manipulation of the books and records.” Polishan has continually denied the charges.
Leslie Fay emerged from a four-year stay in bankruptcy proceedings in June 1997.

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