U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 15785 / June 17, 1998 SECURITIES AND EXCHANGE COMMISSION v. MY DANG, Civil Action No. 98-4865 DT (JGx) (C.D. Cal.) The Securities and Exchange Commission ( Commission ) filed a Complaint on June 17, 1998, in federal district court in Los Angeles, California, against My Dang ( Dang ), a former investment banking associate at Donaldson, Lufkin & Jenrette, Inc. ( DLJ ). The Commission s Complaint alleges that between April and June 1995, Dang traded in the securities of two DLJ clients, Capital Gaming International, Inc. ( Capital Gaming ) and Super Rite Corporation ( Super Rite ), while in possession of material nonpublic information obtained during the course of his employment. The Complaint alleges that Dang sold short a total of 32,400 shares of Capital Gaming common stock in April and May 1995, prior to three adverse announcements concerning operations at the company s New Orleans riverboat facility. Dang also purchased 13,000 shares of Super Rite common stock in June 1995, after learning that DLJ had been retained by Super Rite in connection with an impending acquisition by Richfood Holdings, Inc. ( Richfood ). In each instance, Dang liquidated his securities position shortly after the news was publicly disclosed. The Complaint alleged that Dang realized profits of $59,765.27 as a result of his illegal trades. Concurrent with the filing of the Complaint, Dang settled the civil action without admitting or denying the allegations alleged in the Complaint. Under the terms of the settlement, Dang agreed to the imposition of a permanent injunction forbidding future violations of the antifraud provisions of the federal securities laws. Dang additionally agreed to disgorge $59,765.27 in profits resulting from his insider trading, and pay prejudgment interest thereon in the amount of $11,025.52. Finally, Dang agreed to pay a civil penalty of $59,765.27. ======END OF PAGE 1======