REAL ESTATE

Regency Equities Sues Milken Brothers: The tiny Los Angeles-based real estate company said Michael Milken and his brother Lowell are behind a proxy fight to oust the management of Regency Equities Corp. Regency claims the former junk bond king and his brother misled shareholders and violated Securities and Exchange Commission laws by masking their involvement. In a lawsuit seeking to block the Regency Shareholders Committee’s attempt to elect its own slate of directors at the company’s annual meeting Monday, Regency cited Michael Milken’s convictions for violations of securities laws. Neither Michael Milken nor officials from the shareholders’ group were available for comment.