From the SEC Digest:
The Commission announced that on March 12 the U.S. District Court
for the Central District of California, entered a Final Consent
Judgment of Permanent Injunction, Disgorgement, and Civil Penalty
against David L. Holewinski of Pennsylvania for insider trading in
the securities of Chantal Pharmaceutical Corporation. The
Commission's complaint, filed on August 5, 1996, alleged that a
consultant to Chantal, Roger D. Wyatt, tipped Holewinski with
nonpublic information concerning The Upjohn Company's testing of
Chantal's Cyoctol compound, Chantal's then sole source of income.
The complaint also alleged that Holewinski then sold all of his and
his wife's Chantal shares prior to the announcement of the test
results by Chantal.
Without admitting or denying the Commission's allegations,
Holewinski consented to a permanent injunction from future
violations of the antifraud provisions of the federal securities
laws and agreed to pay a total of $61,245.41 in disgorgement,
prejudgment interest and civil penalties. [SEC v. Roger D. Wyatt and
David L. Holewinski, Civil Action No. 96-5399 TJH, Mcx, C.D. Cal.]
(LR-15676)
sec.gov |
