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SEC News Digest, 09-08-1988

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SEC News Digest, 09-08-1988 LIBRARY IS~8~C ne~~u~$1i.9~~,~,! CIVIL PROCEEDINGS COMPLAINT NAMES DREXEL BURNHAM LAMBERT, OTHERS The Commission filed a Complaint in the U.S. District Court for the Southern District of New York yesterday against Drexel Burnham Lambert Incorporated, Drexel Burnham Lam- bert Group, Inc., Michael Milken, Lowell Milken, Cary Maultasch, Pamela Monzert, Victor Posner, Steven Posner, and Pennsylvania Engineering Corporation. It alleges that Drexel, M. Milken, and others devised and carried out a fraudulent scheme involv - ing insider trading, stock manipulation, fraud on Drexel's own clients, failure to disclose beneficial ownership of securities, and numerous other violations of the securities laws. According to the Complaint, Drexel and M. Milken had a secret arrangement with Ivan Boesky pursuant to which at least sixteen series of transactions were undertaken in violation of the securities laws: in at least two transactions not involving Boesky, Drexel, and M. Milken traded while in possession of material non- public information obtained through misappropriation or in breach of a fiduciary duty owed to Drexel's clients. (SEC v. Drexel Burnham Lambert Incorporated, et a1., TJSDC SONY, Civil Action No. 88-Civ. 6209). (LR-11859) JOHN R. LYTLE SENTENCED The Chicago Regional Office announced that on August 30 former Continental Illinois National Bank & Trust Co. of Chicago vice president, John R. Lytle, was sentenced to 3-1/2 years in prison and William G. Patterson, a former Penn square Bank (Oklahoma City) vice president, was sentenced to two years in prisen in connection with t~eir guilty pleas in June to defrauding Continental Bank of $2.25 million. Defendant Jere A. Sturgis, an Oklahoma oil man and former Penn Square Bank borrower, was previously acquitted by a federal jury. (U.S. v. John R. Lytle, et al., NOlL, Criminal No. 86 CR 847). (LR-11857) INVESTMENT COMPINY ICT RELEASES PRINCOR CASH MANAGEMENT FUND INC. A notice has been issued giving interested pers.ons until September 30 to request a hearing on an application by Princor Cash Management Fund Inc. (Fund), and its advi- ser, Principal Management Inc.; and EGT Money Market Trust (Trust), its adviser, EGT Research Limited Partnership, and its underwriter, Eppler, Guerin and Turner, Inc., for an order exempting them from Section 17(a) of the Investment Company Act and per- mitting the Fund to acquire assets of and liquidate the Trust. (Re!. IC-16548 - Sept. 6) . BANCO BILBOA VIZCAYA, S.A. A notice has been issued g~v~ng interested persons until September 29 to request a hearing on an application by Banco Bilboa Vizcaya, S.A. for an order granting exemp tiong from all prov~sl.ons of the Investment Company Act in connection with its pro- posed issuance of equity securities in the United States. (ReI. IC-16549 - Sept. 7) USTING, DELISTING AND UNLISTED TRADING ACTIONS WITHDRAWAL SOUGHT A notice has been issued giving interested persons until September 26 to comment on the application of Baruch-Foster Corporation to withdraw its common stock, $.50 par value, from listing and registration on tne Pacific Stock Exchange. (ReI. 34-26055) DELISTINGS GRANTED Orders have been issued granting the application of the New York Stock Exchange to strike the specified securities of the following companies from listing and registra- tion thereon: AMERICAN STANDARD, INC., all put and call option contracts respecting its common stock. (ReI. 34-26056); and INTERMEDICS, INC., common stock, $.10 par value. (ReI. 34-26057) SECURmES ACT REGISTRATIONS· The following registration statements have been filed with the SEC under the Securi- ties Act of 1933. The reported information appears as follows: Form, Name, Address and phone Number (if available) of the issuer of the security, Title and the number and/or face amount of the securities being offered, Name of the managing underwriter or depositor (if applicable), File number and date filed, Assigned Branch, and a designation if the statement is a New Issue. S-6 SEARS EQUITY INVT TR DEAN wiTTER RECOMMENDED LIST SER 2 (FILE 33-239~5 - SfP. 01) (BR. 22 - NEW ISSUE) S-18 DIVERSIfIED DENTAL SOURCE INC IFL/, 2633 E COMMERCIAL BLVD, STE C, fORT LAUDERDALE, Fl 3330R (3C5) 776-3382 - 80,00e (i5ee.COOI CCMMO~ STOCK. 4,000,000 ISl,300,OOOI COMMON STOCK. 8,000 (S81 ftARRANTS,OPTIONS OR RIGHTS. 600,000 (S216.0001 COMMON STOCK. (fILE 33-2~033-A - AUG. 26) (BR. 6 - NEw ISSUE) S-3 AGWAY INC, 333 BUTTERNUT DR, PO BOX 4933. DEwITT, NY 1321~ (3151 ~71-6~31 - 3,000 ($150.0001 PREfERRED STOCK. 4.000 (SleO,OOO) COMMON STOCK. 88,100,000 (S88,100.000) OTHER SE.CURlTIES INCLUDING VOTING TRUST. (fILE 33-24093 - AUG. 31) (SR. 3) N-2 DUff s PheLPS SELECTED UTILITIES INC. 55 E MONROE ST 1360(h CHICAGO. n, 60603 0121 368-5<;10- 1,000 ($100,000,000) PREFERRED STOCK. (FILE 33-2~099 - AUG. 311 (B~. 171 N-2 DUFF £. PHELPS SELECTED UTILITIES INC. 55 E MONROE ST '3600. CHIC~GO, IL 60603 (12) 368-5510 - 1,000 ($1OO,OOO,OOC) PREFERRED STOCK. (filE 33-24100 - AUG. 311 (8~.171 N-2 CUFF t. PhELPS SELECTED UTILITIES INC, 55 E MONROE 5T '3600, CHICAGO. IL 60603 (12) 368-5510 - 1,000 ($ICO.OOO,OOO) PREFER~ED STOCK. (fiLE 33-2~101 - AUG. 31t '8~.17) N-2 CUff s PhELPS SELECTED UTILITIES INC, 55 E MONROE ST '3600, CHICAGO. IL 60603 1312) 368-5510 - 1,000 (SICO.OOO,OOQ) PREFERRED STOCK. (FILE 33-24102 - AUG. 311 '8~.17) S-1 CAPITAL APPRECIATION PLUS L P II, FINANCIAL SQ, NE. YORK. NY 10005 (212) 80~-7100 - 20,000 ($20,000,000) LIMITED PARTNE~SHIP CERTIFICATE. UNDERWRITER: TH(~SCON MCKINNON SECURITIES INC. (FILE 33-24104 - AUG. 31) (BR. 11 - NEW ISSUEI 5-1 KELLEY OIL £. GAS PARTNERS LTD. 6e1 JEfFERSCN ST. lLOO DRESSER TWR, HOUSTON, TX 71002 (7131 652-5200 - 884,874 (!ll,056,4C8.25) LIMITED PARTNERSHIP CERTIFICATE. (FILE 33-24105 - AUG. 3lJ (BR. 1,,) S-1 SOfTWARE TOOlWORKS INC, 13557 VENTURA BLVD, SHERMAN OAKS. CA 91423 (818) 907-6789 - 29,628,866 ($~44.~331 COMMON STOCK. 50,0(0,000 (SI,250,0001 C(MMO~ STOCK. (FILE 33-2410<)- AUG. 3U (BR. 1-'1 2 NEWS DIGEST, September 8, 1988 ----------------------------------------------------------------------------- ACQUlsmONS OF SECURrnES Companies and individuals must report to the Caa.ission within ten days on Schedule 13D if after the acquisition of equity securities of a public company their benefi- cial interest therein exceeds five percent. Persons eligible to use the short for. (schedule 13G) may in lieu of filing a Schedule 13D file a Schedule 13G within 45 days after the end of the calendar year in which the person bec..e subject to Section 13(d)(1). companies and individuals making a tender offer must have on file at the time the tender offer commences a Schedule 14D-1. Below is a list of recent filings of Schedules 13D and 14D, which includes the following information: Column 1 - the company purchased (top), and the name of the purchaser, Column 2 - the type of security 'purchased, Coluan 3 - the type of fora filed: Column 4 - the date the transaction occurred, Coluan 5 - the current nuaber of shares (in ODD's) owned (top) and the current percent owned, Colwan 6 - the CUSIP number (top) and the prior percent owned, and Colu.n 7 - the status of the filing, i.e., new, update or revision. EVENT SHRS(OOOI/ CUSIP/ FILI~~ FORM DATE ~~~~ED PRIJ~~ STATJS ABINGTON BAN CORP INC COM 127 00:::5071(I C' C' BARRY DENNIS E ET AL 8··..·26 ..··'88 .J • ..J o. 0 NEW BANK WORCESTER CORP COM 717 0665221 I) CENTRAL NATL-GOTTESMAN ET AL 8··..·22/88 9. ::: :3. 7 UPDATE CALMAT CD COM 5.834 131271 10 ONDDA US' A INC l.3I, 19. 0 1<.:..' .I) UPDFtTE I) CAMP'" 184 1323(1';'1 IDGE MED TECHNOLOGY CDR COM , ~, CAPPOLL ROBERTA L A 13D :::/1:::.·"-88 00.0- 5. 4 UPDATE CULLUM COS INC COM 15.637 23020:=:1(I ~DRG~N :TANLEY S~P ET AL 14D-1 ';'5. 3 23. '"- JPI!FtTE 7, f·2E. ~:205~:,;,l o :. ,', ,', r.':'" T-: ';:""15·/88 · - ,~ . - FDDDMAkER INC NEW COM 4. 054 3448391 (I FM Ai-'OUI'S'ITI:JN 14I'-l 31 ·I) o. :) NEt.1I '3RAPHIC SCANNING CORP COM 2,489 3886861 0 MCCAI.o,ICELLULA!" COMM ET AL 13I' 8/25.-,"83 6. ';' 6. 7 UPDATE HEALTHCAPE COMPAPE CORP COM 454 421';'281I) :-::="-' ~.~~..j::p :-!A··~I E~ ET AL 13I1 :::."" 3."88 3. (r ::: . .. _'F'I!HTE INTEPNATIONAL AME!" HOMES: INC COM 092 45';'0041(I POIHEN HERMAN I 13I' s, 7" .? • .. .JFDt=1TE INTERNATIONAL AMER HOMES INC COM 692 45';'0041I) '-. S:ULL I',iAN~'ICHAPD A 13D 3.7 0:>. 7 :JF'!!ATE MFt:no!" COPP COM 1, 741 5?7?291.,. (I MANLEY JDH~ ET AL 1"::D 3t. 1 , .'-''" :JFD,';TE MFD r ~lA r L C:JPP COM ;:40 :,:::4,:::3:·11.1 L I :EPBF.'AN::JL 1.3D 3./15 .....;::3 11- 3 o. (I tiE,,, MEI'I MP I L CCPP COM 214.,. ~5-=;4":;·:;51 (I GrUlCK E:LAINE B 13D , ·4 O. (I NEIoI MEDI MFlIL COM CL B 340 584385'3'3' L I:EF.'E:PAMS:DL 13D 22. 7 o. 0 NEW MEDI MAIL COM C:l B 214 584.38:,'~9 PUlex BLAINE B 13D 8·....15 ...88 14.3 o. 0 tiE ....' NEWS DIGES~, September 8, 1988 3 ACQUI'I~IONS REPORTS CONT. ~TEX COpp CDM 150 59150310 HACk PEARL H 13D 11.0 5.4 UPDATE METEX CORP COM 431 59150310 METI<'OPOlITAN CONSOl INK 1311 31.7 42.7 UPlliiT£ MUlTIVEST REAL EST FD SEI<'VI lIM PRT 3 6249'~41(I LI QU IDITY FUNDS: ET Al 13D 20.5 19.1 UPDATE NANTUCkET INns: I:-Ie C::JM 146 E,~:01831I) INTEG~~TED ~ES LIFE INS ET Al 5.5 0.0 NEW D.R.S.
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