Home equity lender Cityscape Financial Corp. announced Monday that it will end its contract with a controversial consultant, Jay Botchman, when it expires at yearend.

Cityscape also announced that a mutual fund company led by investor Michael Price is buying Mr. Botchman's stake in the firm - options equalling 14% of its shares - for $80 million. The company, Franklin Mutual Advisors, is a unit of Franklin Resources, San Mateo, Calif.

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