FINAL JUDGMENT ENTERED AGAINST JOHN MANION IN INSIDER TRADING ACTION
On July 21, the United States District Court for the District of Arizona
entered a Final Judgment of Permanent Injunction and Other Relief (Final
Judgment) against John R. Manion (Manion). The Final Judgment, entered
pursuant to Manion's consent and without admitting or denying the
allegations contained in the Commission's Complaint, enjoins Manion from
future violations of the antifraud provisions of the federal securities
laws. Manion is also required to pay $40,185.91 in disgorgement,
prejudgment interest and civil penalties.
The Commission's action was filed on June 22, 1999 against six
defendants for insider trading in the stock of Bio-Dental Technologies
Corp. (Bio-Dental) prior to the June 3, 1996 announcement that Zila,
Inc. would acquire Bio-Dental. Named as defendants were Manion, Rocco
J. Anselmo, James L. Rammelt, Ivan Kron, Donald S. Italia and William E.
Sklar. Simultaneous with the filing of the Complaint, all of the
defendants, except Manion, without admitting or denying the allegations,
consented to the entry of judgments against them. The judgments
permanently enjoined them from future antifraud violations and ordered
them to pay a total of $250,286 in disgorgement, prejudgment interest
and civil penalties. [SEC v. John R. Manion, Rocco J. Anselmo, James L.
Rammelt, Ivan Kron, Donald S. Italia and William E. Sklar, Civil Action
No. CIV 99-1103 PHX, ROS, D. Ariz.] (LR-16640) sec.gov |
