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KEMPER SECURITIES WILL VIGOROUSLY APPEAL JURY VERDICT

 LONG GROVE, Ill., May 27 /PRNewswire/ -- Kemper Securities, Inc. (KSI) today said it intends to vigorously contest an adverse jury verdict in a class action titled In re Melridge, Inc. Securities Litigation.
 The jury found KSI 30 percent at fault, which could result in liability of up to $38 million or $53 million, depending on various factors including the amount of written claims actually filed by class members, and exclusive of any interest or attorneys' fees that may be awarded.
 Judgment has not been entered on the verdict. If the verdict is confirmed and judgment entered, KSI will appeal to the Ninth Circuit Court of Appeals.
 "This is another example of a runaway jury award," said David B. Mathis, chairman and chief executive officer of Kemper Corp. "We are hopeful that the appellate process will reverse the jury's unwarranted findings."
 The case is a class action relating to securities underwritten in the mid-1980s by a predecessor firm of KSI, Boettcher and Company, Inc. Melridge is now bankrupt. Other defendants in the case include certain former officers of Melridge (found 30 percent liable) and accounting firms and others who had settled prior to verdict (found 40 percent liable).
 Kemper Corp. (NYSE: KEM) is a nonoperating holding company with principal subsidiaries in asset management, life insurance and securities brokerage.
 -0- 5/27/93
 /CONTACT: Janice Kalmar, 708-540-4465 or Ira Nathanson, 312-499-8831, both of Kemper Corp. communications/
 (KEM)


CO: Kemper Securities, Inc. ST: Illinois IN: SU:

TM -- NY094 -- 3145 05/27/93 17:07 EDT
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Publication:PR Newswire
Date:May 27, 1993
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