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To: LLCF who wrote (2775)	9/22/1997 9:28:00 PM
From: TelecosmFan	of 25960

Montgomery Securities Settles Nasdaq Market Maker Litigation For $20 Million THURSDAY, AUGUST 7, 1997 - SAN FRANCISCO, CA - Montgomery Securities confirmed today that it has settled the NASDAQ market-makers antitrust litigation (MDL No. 1023) for $20 million. Montgomery firmly believes it is not liable for the claims made in the litigation and the firm was not sued by the Department of Justice in this matter. However, Montgomery settled the case to avoid costly and distracting litigation. The settlement will have no impact on the planned merger with NationsBank. The antitrust litigation was brought against 30 defendants of which 6 have now settled. Montgomery Securities is one of the nation's premier investment banking and institutional brokerage firms. Dedicated to growth companies, Montgomery combines focus and specialization in research and investment banking with bulge-bracket capabilities in global distribution and large-block trading. Montgomery has offices in San Francisco, New York and Boston.

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