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                SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D.C.

Litigation Release No. 14777 / January 11, 1996


SECURITIES AND EXCHANGE COMMISSION v. JONATHAN MAYHEW, United
States District Court for the District of Connecticut, Civil
Action No. 3:94cv1322 (JBA)

     The Securities and Exchange Commission today announced that
on December 27, 1995, the Honorable Janet Bond Arterton of the
United States District Court for the District of Connecticut
issued an Opinion and Order in SEC v. Jonathan Mayhew, No.
3:94cv1322 (JBA).  In that Opinion and Order, which followed an
August 1995 trial, the Court found that defendant Mayhew had
violated Section 14(e) of the Securities Exchange Act of 1934 and
Rule 14e-3 thereunder in connection with his trading in the stock
and options of Rorer Group, Inc. during 1989 and 1990.  The
Court's Order enjoins defendant Mayhew from further violations of
Section 14(e) and Rule 14e-3 and orders payment of $255,550.01 in
disgorgement, with prejudgment interest through September 30,
1995, in the amount of $160,031.58 (to be updated through the
date of the judgment).  Judge Arterton found for defendant Mayhew
on the Commission's claims under Section 10(b) of the Securities
Exchange Act of 1934 and Rule 10b-5 thereunder.  (See Litigation
Release No. 14189, August 9, 1994.)