UNITED STATES SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 15913 / September 29, 1998 SECURITIES AND EXCHANGE COMMISSION V. TERRI R. SCOTT Civil Action No. : 98-S-2090 (U.S. Dist.Ct. Colo.) The Commission today filed an insider trading case against Terri R. Scott, a former officer of Fischer Imaging Corporation based in Denver, Colorado. The Commission alleges that, between July and September 1996, Scott engaged in illegal insider trading in Fischer stock and avoided losses of $23,402. The complaint, filed in the United States District Court for the District of Colorado, alleges that Scott received earnings information and projections as director of a Fischer division and that she attended executive staff meetings in July and August 1996 at which it was announced that Fischer would achieve lower than anticipated earnings for the third quarter of 1996. As the projections of an earnings decline became more definite, Scott sold increasing amounts of Fischer stock. By September 19, 1996, when Fischer publicly announced that its third quarter 1996 earnings would be lower than analysts' projections, Scott had sold her entire position, 4,233 shares, of Fischer common stock. The Commission seeks to enjoin Scott from further violations of the antifraud provisions of the federal securities laws, as well as disgorgement of the $23,402 in avoided losses, prejudgment interest and civil money penalties.