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SEC LITIGATION RELEASE
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EXTRACTED KEY WORDS
COMMISSION CAMERON ALLEGATIONS COMPLAINT SECURITIES EXCHANGE COMMISSION FREDERICK LEE CAMERON DEFENDANT ADMITTING DENYING WITHDRAW LITIGATION DONALD JOHN TYSON CONSENTING JUDGEMENT INCONSISTENT ABOVE-REFERENCED INSIDER TRADING ENTRY SUBSEQUENT FILING DENIALS AGREEMENT COUNSEL SETTLEMENT RESOLVES LAWSUIT SWORN TESTIMONY MATTER PERMANENT INJUNCTION RELIEF |
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
Litigation Release No. 15115 / October 9, 1996
SEC v. DONALD JOHN TYSON and FREDERICK LEE CAMERON
Civil Action No. 96-5150 (WD/Ark 1996)
On September 23, 1996, the Securities and Exchange
Commission filed the above-referenced insider trading action.
Defendant Frederick L. Cameron ("Cameron") agreed to settle this
action by consenting to the entry of a judgment, without
admitting or denying any of the allegations in the Commission's
Complaint (see Litigation Release No. LR-15062). Statements made
on behalf of defendant Cameron, subsequent to the filing of this
action, were construed by the Commission as denials of the
allegations in the Complaint and thus violative of his agreement
to settle the action without admitting or denying these allega-
tions. As a result, rather than have the Commission withdraw its
consent to the settlement, Cameron, through counsel, issued the
following statement which the Commission has accepted:
I have agreed to settle this case without admitting or
denying the allegations of the Complaint. To comply
with my agreed settlement with the Securities and
Exchange Commission, I withdraw all statements made on
my behalf that are inconsistent with the terms of my
settlement. I further withdraw all statements made on
my behalf that are inconsistent with the facts
contained in the SEC's Complaint. I am pleased that
this settlement resolves the SEC's lawsuit against me.
I will have no further comment other than any sworn
testimony I may give in this or any other matter.
On October 8, 1996, the Court entered its Final Judgment of
Permanent Injunction and Other Relief As to both Defendants
Donald John Tyson and Frederick Lee Cameron.
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