SECURITIES AND EXCHANGE COMMISSION Washington, D.C. Litigation Release No. 15696 / April 7, 1998 SECURITIES AND EXCHANGE COMMISSION v. ROSAMOND S. BROWN Civil Action No. 94-1294 (WBB) (D.D.C.) The Securities and Exchange Commission today announced the settlement of a civil injunctive action that the Commission filed against Rosamond S. Brown. The Honorable William B. Bryant, Senior United States District Judge, District of Columbia, entered a final judgment of permanent injunction and other relief against defendant Brown on April 6, 1998. In its complaint, filed June 13, 1994, the Commission alleged that Brown engaged in insider trading by purchasing shares of the common stock of MidSouth Corporation after she was tipped about pending merger negotiations between MidSouth and Kansas City Southern Industries, Inc. (See Litigation Release No. 14123). Brown consented, without admitting or denying the allegations in the Complaint, to a final judgment permanently enjoining her against future violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and ordering that she pay the total amount of $9,431.28, consisting of $3,800 in disgorgement of her trading profit, prejudgment interest thereon of $1,831.28, and a one-time civil penalty of $3,800. Separately, co-defendant Julia Peck Mobley has also settled this case with the Commission. (See Litigation Release No. 15695, dated April 7, 1998).