Fund for Some Sun Electric and Heekin Shareholders
November 16, 1998
Investors who sold common stock issued by Sun Electric Corp. or Heekin Can Corp. during late 1992 may be entitled to receive a portion of the insider trading profits that have been turned over to a court-appointed receiver as a result of two Commission enforcement actions. Investors should see the notice below that has been published by the receiver, which requires that each eligible claimant file a Proof of Claim no later than January 23, 1999.
For additional information about the Commission's enforcement actions, see SEC v. Martucci, Litigation Release No. 15265 (February 27, 1997); SEC v. Martucci, Litigation Release No. 14890 (April 25, 1996) and SEC v. Kleinbaum, Litigation Release No. 14447 (March 23, 1995).
Notice of Plan for Distribution of Insider Trading Profits
To each person or entity who is a net seller of any of the following securities during the stated trading period (meaning that during the trading period for that eligible security including beginning and ending dates you sold more shares than you purchased) and who traded such securities on the stated trade dates:
You may be eligible to receive benefits under the Securities and Exchange Commission Plan of Distribution in SEC v. Kleinbaum, et al., 95 Civ. 1963 (PKL) and SEC v. Martucci, et al., 96 Civ. 3030 (DLC), in which the defendants disgorged alleged illegal insider trading profits pursuant to final judgments entered by the Court. The currently estimated amount available in the aggregate to eligible claimants is approximately $300,000.
In order to qualify for possible participation in the SEC v. Kleinbaum, et al., 95 Civ. 1963 (PKL) and SEC v. Martucci, et al., 96 Civ. 3030 (DLC) Disgorgement Fund, you must file a completed Proof of Claim form post-marked no later than January 23, 1999. To obtain a Proof of Claim form and further information you should write:
David Spears, ReceiverAll inquiries should be made in writing.