UNITED STATES SECURITIES AND EXCHANGE COMMISSION


     Litigation Release No. 15781 / June 15, 1998

     SECURITIES AND EXCHANGE COMMISSION v. ROGER H. LICHT et al., Civ. Action
     No. 98-1724-KMW (AIJx) (C.D. Cal.)   


          The Securities and Exchange Commission ( Commission ) announced today
     that a fifth defendant has settled charges of insider trading in the above-
     captioned case. Without admitting or denying the allegations of the
     Commission s Complaint, defendant Robert P. Korda has consented to the
     entry of a permanent injunction against him prohibiting future violations
     of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5
     thereunder, and agreed to make payments totaling $97,876, consisting of
     disgorgement of his trading profits in Medco Containment Services, Inc.
     ( Medco ) and Synetic, Inc. ( Synetic ), prejudgment interest thereon, and
     a civil penalty.  The Complaint alleges that Korda was a friend and former
     client of defendant Roger H. Licht, and that Licht, while a Medco and
     Synetic director, tipped material, non-public information to Korda
     regarding Medco and Synetic.

          The Complaint charges Roger H. Licht, along with a second defendant
     who was a former president of Leisure Concepts, Inc. ( LCI ), and a related
     group of friends, family members and associates, with a pattern of insider
     trading in the securities of LCI, Medco and Synetic.  The Complaint alleges
     that the group of friends, family members and associates obtained illegal
     profits totaling more than $200,000 over a fourteen-month period.  The
     Complaint also alleges that certain of the defendants concocted a phony
      detective work  defense to mislead the Commission and cover up their
     illegal trading after the Commission s investigation had begun.  (See Lit
     Rel. No. 15666/March 11, 1998.)

          Four of the original nine defendants settled simultaneously with the
     filing of the Commission s Complaint.  Four defendants Roger Licht, his
     brother Andrew, D. Mark Sandelson and William J. Barisoff continue to
     contest the Commission s allegations.














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