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U.S. Securities and Exchange Commission

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

LITIGATION RELEASE NO. 17219 Date: November 5, 2001

SEC FILES SUBPOENA ENFORCEMENT ACTION AGAINST ROLAND J. THIBODEAU, FORMER SENIOR VICE-PRESIDENT OF JNI CORPORATION, IN CONNECTION WITH INSIDER TRADING INVESTIGATION

Securities and Exchange Commission v. Roland J. Thibodeau, United States District Court for the District of Columbia, Miscellaneous Action No. 1:01MS00437 (Honorable Thomas Penfield Jackson, J.)

The Securities and Exchange Commission ("Commission") today announced the filing of a subpoena enforcement action in the United States District Court for the District of Columbia, against Roland J. Thibodeau of San Diego, California, a former Senior Vice-President of Sales for JNI Corporation. JNI Corporation, with headquarters in San Diego, California, is listed on the NASDAQ National Market System. Thibodeau has failed to comply with the Commission's August 2, 2001, subpoena for documents and testimony.

The Commission requested that the Court enter an Order to Show Cause why Thibodeau should not be ordered to comply with the Commission's subpoena, as well as an Order Requiring Obedience to the Subpoena. The staff of the Commission is conducting a non-public investigation, pursuant to Formal Order, to determine whether there have been violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities and Exchange Act of 1934, and Rule 10b5-1 promulgated thereunder, in connection with the trading of JNI securities.


http://www.sec.gov/litigation/litreleases/lr17219.htm

Modified: 11/05/2001