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FEDERAL JURY AWARDS $137 MILLION IN SECURITIES FRAUD CASE

 FEDERAL JURY AWARDS $137 MILLION IN SECURITIES FRAUD CASE
 CHICAGO, April 3 /PRNewswire/ -- A federal court jury has awarded


$137 million in actual and punitive damages to ContiCommodity Services Inc., a commodities broker that was the victim of fraud and racketeering violations.
 The U.S. District Court jury in Houston found that the Prescott, Ball & Turben brokerage firm participated in illegal pre-arranged trades with a former employee of ContiCommodity.
 The jury awarded $3,375,686 in compensatory damages, which will be trebled under federal racketeering laws, plus $134 million in punitive damages, according to lead trial counsel David T. Pritikin of the Chicago law firm of Sidley & Austin, which represented ContiCommodity in the trial.
 ContiCommodity, headquartered in Chicago, was one of the largest commodities brokerage firms in the world before most of its assets were sold to Refco Inc. in 1984.
 ContiCommodity filed suit against Prescott, Ball in 1986. The complaint alleged that Prescott, Ball and the former ContiCommodity employee would decide in advance the purchase and sale prices of securities. The transactions would appear to be ordinary market trades, but the parties would know the outcome in advance.
 Sidley & Austin is a 700-lawyer litigation law firm with offices in Chicago, New York, Los Angeles, Washington, D.C. and three foreign cities.
 -0- 4/3/92
 /CONTACT: Constantine L. Trela, 312-853-7293, or David T. Pritikin, 312-853-7359, both of Sidley & Austin/ CO: ContiCommodity Services Inc.; Prescott, Ball & Turben ST: Illinois IN: FIN SU:


TQ -- NY013 -- 4739 04/03/92 09:38 EST
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Date:Apr 3, 1992
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