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SEC Enforcement Dealt a Blow in Recent Insider Trading Case by Catherine Botticelli and Dennis J. Lawson April 2003 Copyright 2003 Dechert LLP. All rights reserved. Materials have been abridged from laws, court decisions and administrative rulings and should not be considered as legal opinions on specific facts or as a substitute for legal counsel. BOSTON l l BRUSSELS l l FRANKFURT l l HARRISBURG l l HARTFORD l l LONDON l l LUXEMBOURG NEW YORK l l NEWPORT BEACH l l PARIS l l PHILADELPHIA l l PRINCETON l l SAN FRANCISCO l l WASHINGTON www.dechert.com xc

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SEC Enforcement Dealt a Blow inRecent Insider Trading Caseby Catherine Botticelli and Dennis J. Lawson

April 2003

Copyright 2003 Dechert LLP. All rights reserved. Materials have been abridged from laws, court decisions and administrative rulings and should not be consideredas legal opinions on specific facts or as a substitute for legal counsel.

B O S T O N ll B R U S S E L S ll F R A N K F U R T ll H A R R I S B U R G ll H A R T F O R D ll L O N D O N ll L U X E M B O U R GN E W Y O R K ll N E W P O R T B E A C H ll P A R I S ll P H I L A D E L P H I A ll P R I N C E T O N ll S A N F R A N C I S C O ll W A S H I N G T O N

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