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KEMPER SECURITIES GROUP TO OPPOSE VERDICT IN CONTICOMMODITY CASE

 KEMPER SECURITIES GROUP TO OPPOSE VERDICT IN CONTICOMMODITY CASE
 LONG GROVE, Ill., April 2 /PRNewswire/ -- Kemper Securities Group, Inc. (KSG) said today it intends to file a motion seeking to set aside a jury verdict in favor of ContiCommodity Services, Inc.
 A jury in Houston on Wednesday found Prescott, Ball & Turben, now a division of KSG, liable for $3.4 million in actual damages, as well as RICO damages and $134 million in punitive damages. Judgment in the federal district court has not been entered on the jury's verdict.
 KSG intends to vigorously pursue all available legal remedies, including appeal if necessary.
 "This unexpected verdict is inconsistent with the facts," said David B. Mathis, chairman, president and chief executive officer of Kemper Corp. "Our brokerage firm was simply a firm that traded on a limited basis with ContiCommodity."
 The lawsuit was filed in 1986 by ContiCommodity Services, a unit of Continental Grain Co. The suit concerned government securities trades between Conti and Prescott between mid-1982 and March 1984. These trades were principal transactions between the two firms and did not involve any customers of Prescott. The net profit to Prescott resulting from these trades was approximately $70,000.
 KSG is a securities brokerage subsidiary of Kemper Financial Companies, Inc., a downstream holding company of Kemper Corp. (NYSE: KEM). Kemper Corp. is a nonoperating holding company with subsidiaries in investment services, life insurance, reinsurance, property-casualty insurance and risk management.
 -0- 4/2/92
 /CONTACT: Ira Nathanson, 708-540-4463, or Janice Kalmar, 708-540-4465, both of Kemper/
 (KEM) CO: Kemper Securities Group Inc.; Kemper Corp. ST: Illinois IN: FIN SU:


TS -- NY019 -- 4245 04/02/92 09:44 EST
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Publication:PR Newswire
Date:Apr 2, 1992
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