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SEC v BRAD E. HOLLINGER Click to find out why . . .



Keywords & Phrases
CaseNo: LR-15736, Defendant: Brad E. Hollinger, Plaintiff: SEC, State: WA Washington, UniqueCaseRef: SEC>LR-15736, Hollinger, Cms, Exchange Commission, Securities, Horizon, Brad, Civil, Trading, Complaint, Violating, Exchange Act, Family Member, Brokerage Accounts, Execution, Definitive Merger Agreement, Engaging, Promulgated Thereunder, Commencement, Enforcement Action, Admitting, Denying, Allegations, Entry, Judgment Permanently Enjoining, Settlement, Pay, Representing Disgorgement, Trading Profits, Prejudgment, Civil Penalty , ContentID: 120242334

Case Documents
1 1998-05-12 SEC LITIGATION RELEASE
[ see first page and extracted highlights below  ] ItemID: 105427
2 pages
TXT
Total Documents: 1 document , 2 pages
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1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS
CMS
EXCHANGE COMMISSION
SECURITIES
HORIZON
BRAD
CIVIL
TRADING
COMPLAINT
VIOLATING
EXCHANGE ACT
FAMILY MEMBER
BROKERAGE ACCOUNTS
EXECUTION
DEFINITIVE MERGER AGREEMENT
ENGAGING
PROMULGATED THEREUNDER
COMMENCEMENT
ENFORCEMENT ACTION
ADMITTING
DENYING
ALLEGATIONS
ENTRY
JUDGMENT PERMANENTLY ENJOINING
SETTLEMENT
PAY
REPRESENTING DISGORGEMENT
TRADING PROFITS
PREJUDGMENT
CIVIL PENALTY






                          SECURITIES AND EXCHANGE COMMISSION
                                   Washington, D.C.

     Litigation Release No.  15736  / May 12, 1998

     Securities and Exchange Commission v. Brad E. Hollinger, Civil Action
No.
     98 CV 1187 (D.C.D.C.)

     The Securities and Exchange Commission today filed an insider trading
     action against Brad E. Hollinger, a former senior vice president of
     Continental Medical Systems, Inc. (CMS).  The complaint alleges as
follows:
     In March 1995, through his position as an officer of CMS, Hollinger
     obtained material, inside information concerning Horizon Healthcare
     Corporation s imminent plans to acquire CMS.  While in possession of
this
     information, Hollinger directed and caused the purchase, on March 30,
1995,
     of 5,000 shares of CMS common stock through a family member s
brokerage
     accounts.  The following day, CMS and Horizon publicly announced the
     execution of a definitive merger agreement in which Horizon agreed to
     acquire CMS.  By engaging in the above conduct, Hollinger violated
Section
     10(b) of the Securities Exchange Act of 1934 and Rule 10b-5
promulgated
     thereunder.

          Simultaneously with the commencement of this enforcement action,
     Hollinger consented, without admitting or denying the allegations in
the
     complaint, to the entry of a final judgment permanently enjoining him
from
     violating Section 10(b) of the Exchange Act and Rule 10b-5.  In
settlement,
     Hollinger agreed to pay $49,719.76, representing disgorgement of the
     trading profits of $21,625, prejudgment interest of $6,469.76, and a
civil
     penalty of $21,625.


SNIPPETS:
  • SECURITIES AND EXCHANGE COMMISSION
  • Securities and Exchange Commission v. Brad E. Hollinger, Civil Action No. 98 CV 1187
  • The Securities and Exchange Commission today filed an insider trading action against Brad E.
  • The complaint alleges as follows: In March 1995, through his position as an officer of CMS,
  • of 5,000 shares of CMS common stock through a family member s brokerage accounts.
  • CMS and Horizon publicly announced the execution of a definitive merger agreement in which
  • By engaging in the above conduct,
  • 10of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
  • Simultaneously with the commencement of this enforcement action, Hollinger consented, without
  • In settlement, Hollinger agreed to pay $49,719.76, representing disgorgement of the trading
  •    |