SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
LITIGATION RELEASE NO. 16655 \ August 17, 2000
TRACIE CARPIN, KIMBERLY DAVIS, NEDENE GREER
AND TOMMY DALTON GREER, 00 Civ Action No. 01996 (August 17, 2000)
SEC SETTLES INSIDER TRADING CASE AGAINST TOMMY DALTON GREER, NEDENE
GREER, TRACIE CARPIN, and KIMBERLY DAVIS
The U.S. Securities and Exchange Commission filed today a settled
injunctive action in the United States District Court for the District
of Columbia against Tommy Dalton Greer, Nedene Greer, Tracie Carpin,
and Kimberly Davis in , 00 Civ Action No. 01996. The complaint alleges
that in March and May of 1997 Tommy Dalton Greer and members of his
family engaged insider trading in the securities of Catalina Marketing
Corporation, a Florida marketing company and Inbrand Corporation,
formerly a Georgia adult incontinence product manufacturer. At the
time of the trading, Greer was a member of the board of directors of
Catalina and Inbrand. Without admitting or denying the allegations of
the complaint, the defendants consented to the entry of a final
judgment permanently enjoining them from violating the antifraud
provisions of the federal securities laws (Section 17(a) of the
Securities Act of 1933 and Section 10(b) of the Securities Exchange
Act of 1934 and Rule 10b-5, thereunder), and ordering them to pay
disgorgement of unjust enrichment of $163,750.58 and civil penalties
totaling $161,181.03.
The complaint alleges that prior to Catalina's announcement on March
31, 1997 of disappointing fourth quarter earnings, Greer learned this
information and knowingly or recklessly provided to his wife, Nedene
Greer, and his two stepdaughters, Tracie Carpin and Kimberly Davis.
Nedene Greer, Carpin and Davis each sold or caused to be sold shares
of Catalina. In addition, the complaint alleges that Greer learned
prior to the May 13, 1997 announcement that Tyco International Ltd.
would acquire Inbrand and provided that information knowingly or
recklessly to his wife and stepdaughter, each of whom purchased or
caused to be purchased shares of Inbrand. The defendants realized
unlawful profits and avoided losses of at least $129,119 from trading
while in possession of material nonpublic information about Catalina
and Inbrand.
The Commission acknowledges and gives special thanks to the NASDR for
their assistance in this matter.
_________________________________________________________________
Modified 08/17/2000
SNIPPETS:
TRACIE CARPIN, KIMBERLY DAVIS, NEDENE GREER
SEC SETTLES INSIDER TRADING CASE AGAINST TOMMY DALTON GREER,
The U.S. Securities and Exchange Commission filed today a settled injunctive action in the
The complaint alleges that in March and May of 1997 Tommy Dalton Greer and members of his
Without admitting or denying the allegations of the complaint, the defendants consented to
The complaint alleges that prior to Catalina's announcement on March 31, 1997 of
Carpin and Davis each sold or caused to be sold shares of Catalina.
In addition, the complaint alleges that Greer learned prior to the May 13, 1997 announcement
The defendants realized unlawful profits and avoided losses of at least $129,119 from trading
The Commission acknowledges and gives special thanks to the NASDR for their assistance in
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