SECURITIES AND EXCHANGE COMMISSION Washington, D.C. LITIGATION RELEASE NO. 16105 \ aPRIL 5, 1999 Securities and Exchange Commission v. David W. Hall, et al., 98-10325AAH (MCX) (C.D. Cal.) (filed December 22, 1998) The Commission announced today that Robert J. Neprud has agreed to settle charges alleging insider trading in the securities of Norand Corporation. On December 22, 1998, the Commission filed a complaint in the United States District for the Central District of California alleging that Neprud, an assistant controller at Western Atlas Inc., misappropriated confidential client information by tipping defendant David W. Hall about Western Atlas’s upcoming tender offer for Norand prior to the official announcement on January 22, 1997. The complaint further alleges that David Hall tipped his father, his brother, his cousin and his cousin’s father-in-law, one of whom caused four other individuals to trade. Neprud consented, without admitting or denying the Commission’s allegations, to a final judgment entered on March 22, 1999: (1) permanently enjoining him from violating Sections 10(b) and 14(e) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 10b-5 and 14e-3 thereunder; (2) ordering Neprud to pay a $60,000 civil penalty pursuant to Section 21A of the Exchange Act, and (3) ordering him to cooperate with the Commission in this litigation. The Commission’s action against the remaining five defendants is pending. [See also Litigation Release No. 16009]