SEC NEWS DIGEST Issue 2002-141 July 23, 2002 ENFORCEMENT PROCEEDINGS SEC CHARGES INDIANA-BASED RELIGIOUS ENTITY WITH DEFRAUDING CHURCH MEMBERS NATIONWIDE IN AN $85 MILLION FINANCIAL AND OFFERING FRAUD On July 22, the U.S. Securities and Exchange Commission filed a civil enforcement action alleging that from at least 1996 though at least April 2002, Church Extension of the Church of God Inc.; United Management Services Inc., a Church Extension affiliate; James Perry Grubbs (Grubbs), the president of Church Extension; and Shearon Louis Jackson, the president of United Management, fraudulently raised approximately $85 million from the sale of investment notes to thousands of investors nationwide. Church Extension, the fundraising entity of a long-established church, was formed in 1921 for the primary purpose of raising funds to loan to churches for the construction of new churches and to fund renovations of existing churches of the Church of God. The Church of God was established in 1881 and is headquartered in Anderson, Indiana. The Church of God has approximately 2,239 affiliated congregations and approximately 231,048 members nationwide. In its complaint, the Commission alleges that, in connection with the offer and sale of the investment notes, the Defendants repeatedly made material misrepresentations and omitted to state material facts in Church Extension's solicitation materials and offering circulars, concerning, among others: the financial condition of Church Extension and United Management, the primary use of investment note proceeds and the safety and risks associated with the investment notes. Each of Church Extension's offering circulars included an unqualified, independent auditor's report and a consolidated statement of financial condition. Specifically, the complaint alleges that Grubbs and Jackson, through Church Extension and United Management, embarked on a fraudulent scheme to cover up financial difficulties suffered by Church Extension and United Management. For example, the Defendants improperly used a provision of the Internal Revenue Code, afforded non-profit corporations, as a vehicle to generate non-existent income. This income was recognized by Church Extension on its consolidated statement of financial condition and was used to offset Church Extension's losses. As a result, from at least 1996 through at least April 2000, Church Extension improperly recognized at least $24,052,667 in non-existent income that was used to offset other losses and thereby avoided recording at least $26,066,879 in losses. The complaint further alleges that, instead of using investment proceeds primarily to fund church loans, the Defendants used the proceeds to, among other things: a) fund speculative real estate transactions; b) fund losses at these failing properties; and c) make interest and principal payments to prior investors. Finally, the complaint alleges that as a result of Church Extension's deteriorating financial condition, it was unable to maintain the promised reserves stated in its offering circulars, which were distributed to prospective and current investors nationwide. The Commission asked the court to impose a permanent injunction against each defendant for violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b- 5 thereunder. The Commission also asked the court to order disgorgement of approximately $81 million in ill-gotten gains, plus prejudgment and post-judgment interest, from Church Extension and United Management and asked the court to order disgorgement of any ill-gotten gains received by Grubbs and Jackson and civil penalties from Grubbs and Jackson. Defendants Church Extension and United Management have consented, without admitting or denying the allegations to the complaint, to the entry of a permanent injunction and the payment of disgorgement. In connection with the payment of disgorgement, Church Extension and United Management have established a Joint Oversight Committee for the purpose of drafting a joint corporate restructuring plan. The restructuring plan will address, among other things, a manner in which to meet Church Extension and United Management's proposed $81 million disgorgement obligations. While the joint committee is drafting the restructuring plan, the Commission and the proposed conservator will aggressively monitor the activities of Church Extension and United Management. Within 60 days, the joint committee will submit the restructuring plan to the court, the Commission and the proposed conservator. After a limited period of review, the restructuring plan will be presented to the court for its ultimate determination, including, its approval, modification or rejection of the plan. At all times, the Commission and the proposed conservator will reserve the right to petition the court for immediate relief, including, the appointment of a federal receiver, if either deems any activity, transaction or expenditure contemplated by Church Extension and United Management is not in the best interests of investors. In addition, the Commission recommended that the court appoint Jeff J. Marwil, a partner at the law firm of Jenner & Block in Chicago, as a conservator in this matter. The proposed conservator's mandate is to protect the interests of the investors who invested or reinvested in Church Extension's investment note program. The Commission wishes to acknowledge and thank the Indiana Securities Division of the Secretary of State for their assistance in this matter. [SEC v. Church Extension of the Church of God, Inc., United Management Services, Inc., James Perry Grubbs and Shearon Louis Jackson, USDC, SD Indiana, Cause No. IP 02-1118 CH/S] (LR-17623; AAE Rel. 1598) SEC TURNS OUT THE LIGHT OF MOTEL 6, L.P. INSIDER TRADING CASE THE COMMISSION SETTLES ITS CLAIMS AGAINST THE FINAL FOUR DEFENDANTS IN SEC v. HUGH THRASHER, ET AL. On June 11 and June 17, 2002, the United States District Court in Manhattan entered final judgments against Hugh Thrasher, Jonathan S. Hirsh, Lee Rosenblatt, and Mark R. Shawzin, the four remaining defendants in SEC v. Hugh Thrasher, et al, an insider trading case brought by the Commission against twenty-four defendants. According to the Commission's amended complaint, filed on March 4, 1993, Thrasher, while employed as an officer of Motel 6, L.P., communicated material, nonpublic information to a close friend concerning a planned tender offer for the company by Accor S.A. in August 1990. The other twenty- three defendants named in the amended complaint, including Hirsh, Rosenblatt, and Mark Shawzin, engaged in insider trading by purchasing the securities of Motel 6 while in possession of that information before the tender offer was announced on July 12, 1990. The Commission's complaint alleges that based on this conduct, all of the defendants violated Sections 10(b) and 14(e) of the Securities Exchange Act of 1934, and Rules 10b-5 and 14e-3 thereunder. Specifically, the Commission's amended complaint alleges as follows: * Between late May 1990 through July 12, 1990, Thrasher, then Motel 6's executive vice president in charge of corporate communications, told Carl Harris, a close friend whom Thrasher supported financially, that Accor and Motel 6 were in negotiations for Accor's acquisition of Motel 6. * Harris, in exchange for a share of trading profits, tipped relatives, roommates, friends, and acquaintances, setting off a chain of illegal trading. Among those tipped by Harris was Gregg Shawzin, who then tipped his brother, Mark Shawzin. * Between June 12, 1990 and July 5, 1990, Mark Shawzin purchased Motel 6 securities and tipped others about the planned tender offer while in possession of material, non-public information. Mark Shawzin profited in the amount of approximately $126,000 from his unlawful trading and tipping. * Harris also tipped Jeffrey Sanker, his roommate, who tipped his friend Hirsh. Hirsh then conveyed the information disclosed to him by Sanker to his boss and close friend, Rosenblatt. * Between June 7, 1990 and July 12, 1990, Hirsh purchased Motel 6 securities while in possession of material, non-public information for a profit of approximately $29,000. Also, between June 18, 1990 and July 12, 1990, Hirsh and Rosenblatt jointly purchased Motel 6 securities for a profit of approximately $360,000. On June 11, 2002, the Court entered a Final Consent Judgment of Permanent Injunction and Other Relief against Mark Shawzin. On June 17, 2002, the Court entered Final Judgments of Permanent Injunctions and Other Relief against Thrasher, Hirsh, and Rosenblatt. Without admitting or denying the allegations in the amended complaint, each defendant consented to a permanent injunction from violating Sections 10(b) and 14(e) of the Securities and Exchange Act of 1934 and Rules 10b-5 and 14e- 3 thereunder. In addition, Thrasher agreed to pay $49,100 in disgorgement, representing the profits made by his alleged tippee, Harris, and a civil penalty of $49,100. Thrasher also agreed to be barred from acting as an officer or director of any public company for a period of five years. Hirsh agreed to pay a total of $520,596 consisting of his illegal trading profits and prejudgment interest. Finally, Rosenblatt agreed to pay $180,032 to the plaintiff class in a related class action suit, an amount equal to his alleged illegal trading profits. These settlements conclude ten years of litigation in which the Commission has obtained judgments against twenty-two defendants, providing for injunctive relief and ordering payment of over $6.36 million in disgorgement and civil penalties. See prior Litigation Release Nos. 13544, 13735, 15133, 15246, 15304, and 15476 for a further description of the allegations contained in the Commission's amended complaint and previous settlements with other defendants. [SEC v. Hugh Thrasher, et al., 92 Civ. 6987 (SDNY) (JFK) (LR-17624) SEC CHARGES "INTERBANK COMPANIES" WITH FRAUD AND INVESTMENT COMPANY ACT VIOLATIONS IN CONNECTION WITH $189 MILLION DEBT OFFERINGS On July 23, the Commission filed charges against Simon Hershon and three of his "InterBank Companies," alleging fraud and violations of the Investment Company Act of in connection with the offer and sale of $189 million in debt securities between 1997 and 2002. The corporate defendants are InterBank Funding Corporation (IBF), IBF Collateralized Finance Corporation (CFC) and IBF VI - Secured Lending Corporation (Fund VI). The Commission filed its complaint in the United States District Court for the Southern District of New York. On June 7, 2002, in anticipation that the Commission would be filing this action, the three corporate defendants filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court in New York. The bankruptcy filings will not affect proceedings in federal district court on the Commission's charges. Defendant Hershon owns all or the majority interest in several affiliated companies that together constitute the so-called InterBank Companies. The InterBank Companies are engaged in an investment business, and IBF provides the capital for these investments through three (formerly seven) wholly owned special purpose corporations or "funds" (IBF Funds), including CFC and Fund VI. Between February 1996 and February 2002, the original seven IBF Funds raised nearly $195 million from about 3,100 investors in successive offerings, consisting primarily of unsecured subordinated high yielding notes in private placements. Nearly half of this total was raised in 2001. CFC is the largest IBF Fund with $182 million in notes on its books. Fund VI has raised about $7.2 million through the public offering of unsecured, high yield bonds. According to the complaint, the IBF Funds have been able to operate over the past six years only because IBF routinely moved offering proceeds between these entities in order to meet their cash flow needs - amounting to tens of millions of dollars of inter-fund transfers. The complaint charges that these material related-party transfers were never disclosed to investors. It further charges that defendants did not disclose the extent to which interest payments to investors were paid out of offering proceeds. The complaint also alleges that defendants failed to disclose millions of dollars in transfers between IBF and the IBF Funds that were designed to hide - and did hide from investors - millions of dollars in losses sustained by the investment loan portfolios of the IBF Funds. As a result, the financial statements of the IBF Funds materially overstated net income, and return statistics that IBF regularly published about the IBF Funds were materially overstated, in some instances by as much as 50 percent. In addition to the fraud charges, the complaint charges that all securities offerings to date have been unlawful because CFC and Fund VI are operating as unregistered investment companies and are not in compliance with any of the requirements of the ICA. Indeed, the complaint alleges that noncompliance with two provisions of the ICA is vital to the operations of these two entities - the prohibition against extreme leverage and the prohibition on affiliated transactions. The complaint charges that all defendants committed fraud in violation of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, and Sections 17(a)(1), (2) and (3) of the Securities Act of 1933. It also charges defendants CFC and Fund VI with violations of Section 7 of the ICA. The complaint seeks preliminary and permanent injunctions against all defendants barring further violations of the securities laws; an order appointing a trustee to take possession of the assets of CFC and Fund VI; disgorgement of all offering proceeds obtained by CFC and Fund VI; and civil penalties against Hershon and IBF for their violations of the antifraud provisions of the securities laws. [SEC v. IBF Collateralized Finance Corporation, et al., 02 Civ. 5713 (Martin) SDNY] (LR-17625) SELF-REGULATORY ORGANIZATIONS IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGES A proposed rule change (SR-CHX-2002-19) filed by the Chicago Stock Exchange to extend its marketing fee program through July 31, 2002, has become immediately effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of July 22. (Rel. 34-46233) A proposed rule change (SR-PCX-2002-38) filed by the Pacific Exchange to amend its fees and charges has become immediately effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication of the proposal is expected in the Federal Register during the week of July 22. (Rel. 34-46239) PROPOSED RULE CHANGE A proposed rule change has been filed by the American Stock Exchange relating to changes to Amex Rule 175 to limit Specialists' Affiliations (SR-Amex-2001-55). Publication of the proposal is expected in the Federal Register during the week of July 22. (Rel. 34-46235) WITHDRAWALS SOUGHT A notice has been issued giving interested persons until August 12, 2002, to comment on the application of (Global Light Telecommunications, Inc. to withdraw its Common Stock, no par value), from listing and registration on the American Stock Exchange. (Rel. 34-46236) A notice has been issued giving interested persons until August 12, 2002, to comment on the application for withdrawal from listing and registration (Implant Sciences Corporation, Common Stock, $.10 par value, and Warrants, no par value) on the Boston Stock Exchange. (Rel. 34-46237) SECURITIES ACT REGISTRATIONS The following registration statements have been filed with the SEC under the Securities 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. Registration statements may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . S-8 ELECTROGLAS INC, 2901 CORONADO DRIVE, SANTA CLARA, CA, 95054, 4087276500 - 0 ($16,280,000.00) Equity, (File 333-96827 - Jul. 22) (BR. 36) S-8 BRANDMAKERS INC, 1325C CAPITAL CIRCLE, UNIT C, LAWRENCEVILLE, GA, 30043, 7703381958 - 4,000,000 ($40,000.00) Equity, (File 333-96831 - Jul. 22) (BR. 37) S-1 HORNBECK OFFSHORE SERVICES INC /LA, 414 NORTH CAUSEWAY BLVD, MANDEVILLE, LA, 70448, 5047272000 - 0 ($126,500,000.00) Equity, (File 333-96833 - Jul. 22) (BR. 05) S-8 HEALTHETECH INC, 523 PARK POINT DRIVE, 3RD FLOOR, GOLDEN, CO, 80401, 303-526-5085 - 0 ($50,690,337.18) Equity, (File 333-96835 - Jul. 22) (BR. 36) S-8 ALLEN TELECOM INC, 25101 CHAGRIN BLVD # 350, BEACHWOOD, OH, 44122-5619, 2167655818 - 1,500,000 ($6,345,000.00) Equity, (File 333-96859 - Jul. 22) (BR. 37) S-8 ALLEN TELECOM INC, 25101 CHAGRIN BLVD # 350, BEACHWOOD, OH, 44122-5619, 2167655818 - 250,000 ($1,057,500.00) Equity, (File 333-96861 - Jul. 22) (BR. 37) S-3 CHESAPEAKE ENERGY CORP, 6100 N WESTERN AVE, OKLAHOMA CITY, OK, 73118, 4058488000 - 0 ($500,000,000.00) Other, (File 333-96863 - Jul. 22) (BR. 04) S-8 IMPATH INC, 521 WEST 57TH STREET, NEW YORK, NY, 10019, 2126980300 - 2,500,000 ($32,675,000.00) Equity, (File 333-96867 - Jul. 22) (BR. 01) S-3D CORPORATE PROPERTY ASSOCIATES 14 INC, 50 ROCKEFELLER PLAZA 2ND FL, NEW YORK, NY, 10020, 2124921100 - 0 ($50,000,000.00) Equity, (File 333-96869 - Jul. 22) (BR. 08) S-8 SENSIENT TECHNOLOGIES CORP, 777 EAST WISCONSIN AVENUE, MILWAUKEE, WI, 53202, 4142716755 - 0 ($46,440,000.00) Equity, (File 333-96871 - Jul. 22) (BR. 02) S-8 JVWEB INC, 2555 CLOVIS AVE, SUITE E, CLOVIS, CA, 93612, 5593476688 - 1,000,000 ($540,000.00) Equity, (File 333-96873 - Jul. 22) (BR. 03) S-8 CABOT CORP, TWO SEAPORT LANE SUITE 1300, BOSTON, MA, 02109-1806, 6173450100 - 0 ($75,690,000.00) Equity, (File 333-96879 - Jul. 22) (BR. 02) S-8 CABOT CORP, TWO SEAPORT LANE SUITE 1300, BOSTON, MA, 02109-1806, 6173450100 - 0 ($504,600.00) Equity, (File 333-96881 - Jul. 22) (BR. 02) S-8 SOUTHERN CO, 270 PEACHTREE ST, ATLANTA, GA, 30303, 4045065000 - 15,000,000 ($361,950,000.00) Equity, (File 333-96883 - Jul. 22) (BR. 02) S-1 STARTECH ENVIRONMENTAL CORP, 15 OLD DANBURY ROAD, SUITE 203, WILTON, CT, 06897-2525, 202-762-2499 - 1,855,938 ($5,512,135.00) Equity, (File 333-96885 - Jul. 22) (BR. 06) S-2 SENSAR CORP /NV/, ONE JENNER, SUITE 100, IRIVINE, CA, 92618, (949) 743-2000 - 0 ($769,774.00) Equity, (File 333-96887 - Jul. 22) (BR. 36) S-8 FOUNDRY NETWORKS INC, 2100 GOLD STREET, ALVISO, CA, 95002, 4085861700 - 0 ($77,746,727.77) Equity, (File 333-96889 - Jul. 22) (BR. 03) S-8 REDBACK NETWORKS INC, 250 HOLGER WAY, SAN JOSE, CA, 95134, 4085715000 - 0 ($19,561,033.42) Equity, (File 333-96891 - Jul. 22) (BR. 08) S-8 SOUTHWALL TECHNOLOGIES INC /DE/, 1029 CORPORATION WAY, PALO ALTO, CA, 94303, 4159629111 - 0 ($2,200,000.00) Equity, (File 333-96893 - Jul. 22) (BR. 06) S-8 ONYX PHARMACEUTICALS INC, 3031 RESEARCH DR, BLDG A, RICHMOND, CA, 94806, 5102229700 - 0 ($1,978,375.00) Equity, (File 333-96895 - Jul. 22) (BR. 01) S-8 SUNOCO LOGISTICS PARTNERS LP, SUN COMPANY INC, TEN PENN CENTER, 1801 MARKET ST C/O JOHN DIROCCO, PHILADELPHIA, PA, 19103, (215)977-3000 - 0 ($27,350,000.00) Limited Partnership Interests, (File 333-96897 - Jul. 22) (BR. 04) S-8 COST PLUS INC/CA/, 201 CLAY ST, P O BOX 23350, OAKLAND, CA, 94607, 4158937300 - 1,050,000 ($24,013,500.00) Equity, (File 333-96899 - Jul. 22) (BR. 02) S-3 DATALINK CORP, 7423 WASHINGTON AVENUE SOUTH, MINNEAPOLIS, MN, 55439, 6129443462 - 0 ($5,292,300.00) Equity, (File 333-96901 - Jul. 22) (BR. 03) S-8 ABLE LABORATORIES INC, 200 HIGHLAND AVENUE SUITE 301, NEEDHAM, MA, 02494, 7814494926 - 799,999 ($2,641,997.01) Equity, (File 333-96903 - Jul. 22) (BR. 01) S-1 ACT TELECONFERENCING INC, 1658 COLE BLVD, STE 130, GOLDEN, CO, 80401, 3032359000 - 0 ($6,245,989.00) Equity, (File 333-96905 - Jul. 22) (BR. 37) S-3 USAA ACCEPTANCE LLC, 10750 MCDERMOTT FREEWAY, SAN ANTONIO, TX, 78288, 2104987479 - 0 ($1,000,000.00) Debt Convertible into Equity, (File 333-96907 - Jul. 22) (BR. ) S-3 GREATER BAY BANCORP, 2860 WEST BAYSHORE ROAD, PALO ALTO, CA, 94303, 4153751555 - 0 ($183,502,360.50) Debt Convertible into Equity, (File 333-96909 - Jul. 22) (BR. 07) S-1 CALAVO GROWERS INC, 2530 RED HILL AVE., SANTA ANA, CA, 92705, 9098334200 - 1,000,000 ($5,000,000.00) Equity, (File 333-96911 - Jul. 22) (BR. 04) SB-2 ESSTEC INC, 1,250,000 ($11,620,000.00) Equity, (File 333-96913 - Jul. 22) (BR. ) RECENT 8K FILINGS Form 8-K is used by companies to file current reports on the following events: Item 1. Changes in Control of Registrant. Item 2. Acquisition or Disposition of Assets. Item 3. Bankruptcy or Receivership. Item 4. Changes in Registrant's Certifying Accountant. Item 5. Other Materially Important Events. Item 6. Resignations of Registrant's Directors. Item 7. Financial Statements and Exhibits. Item 8. Change in Fiscal Year. Item 9. Regulation FD Disclosure. The following companies have filed 8-K reports for the date indicated and/or amendments to 8-K reports previously filed, responding to the item(s) of the form specified. 8-K reports may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 DATE COMMENT ------------------------------------------------------------------------------------ AAMES FINANCIAL CORP/DE DE X 07/19/02 ACCESS POWER INC X 07/18/02 ADVANTA BUSINESS RECIEVABLES CORP X 07/22/02 ALEXANDRIA REAL ESTATE EQUITIES INC MD X X 07/18/02 AMC ENTERTAINMENT INC DE X X 06/27/02 AMERICAN ENTERTAINMENT & ANIMATION CO DE X 07/22/02 AMERICAN EXPRESS CO NY X X 07/22/02 ANDERSEN GROUP INC DE X 07/19/02 ANIKA THERAPEUTICS INC MA X 07/02/02 AMEND ASIA GLOBAL CROSSING LTD X X 07/22/02 ASSET BACKED FUNDING CORP DE X X 07/22/02 AT&T CORP NY X X 07/22/02 AVOCA INC LA X 07/19/02 BARRISTER GLOBAL SERVICES NETWORK INC DE X X 07/15/02 BENTHOS INC MA X X 07/19/02 BETHLEHEM STEEL CORP /DE/ DE X 07/22/02 BETHLEHEM STEEL CORP /DE/ DE X X 07/22/02 BIG FOOT FINANCIAL CORP IL X X 07/19/02 BIZCOM USA INC FL X X 07/09/02 CACHE INC FL X 12/28/02 CAPTARIS INC WA X 07/16/02 CDRJ INVESTMENTS LUX S A N4 X 07/15/02 CHESAPEAKE ENERGY CORP OK X X 07/22/02 CITIBANK SOUTH DAKOTA N A DE X 06/25/02 CITIBANK SOUTH DAKOTA N A DE X 06/25/02 CLAIRES STORES INC DE X X 07/22/02 CLICK2LEARN INC/DE/ DE X X 07/18/02 COLLEY CORP DE X X 07/15/02 COM21 INC DE X X 07/22/02 COMMONWEALTH BANCORP INC PA X X 07/22/02 CORTELCO SYSTEMS PUERTO RICO INC X X 07/18/02 CROWN AMERICAN REALTY TRUST MD X 06/30/02 CV THERAPEUTICS INC DE X X 07/18/02 CYBERNET INTERNET SERVICES INTERNATIO DE X 07/18/02 DAISYTEK INTERNATIONAL CORPORATION /D DE X 05/07/02 AMEND DC FUNDING INTERNATIONAL INC X X 07/19/02 DIGITRAN SYSTEMS INC /DE DE X X 07/22/02 DIME COMMUNITY BANCSHARES INC DE X 07/18/02 DOE RUN RESOURCES CORP NY X 07/19/02 DOE RUN RESOURCES CORP NY X 07/19/02 DSTAGE COM INC DE X 07/22/02 DUCT UTILITY CONSTRUCTION & TECHNOLOG OH X 07/18/02 EDUCATION LOANS INC /DE DE X X 07/22/02 EL PASO CORP/DE DE X X 07/22/02 ELEVON INC DE X 05/24/02 ENERGY EXPLORATION TECHNOLOGIES / A0 X X 06/28/02 AMEND ENSCO INTERNATIONAL INC DE X 07/18/02 EON COMMUNICATIONS CORP DE X X 07/18/02 FIRST NIAGARA FINANCIAL GROUP INC DE X X 07/22/02 FIRST STATE BANCORPORATION NM X X 07/19/02 GENOMIC SOLUTIONS INC DE X X 07/17/02 GRAND COURT LIFESTYLES INC DE X 07/12/02 GREEN FUSION CORP NV X 05/06/02 AMEND GREENE COUNTY BANCSHARES INC TN X X 07/16/02 HASBRO INC RI X X 07/22/02 HATHAWAY CORP CO X 07/18/02 HEADWATERS INC DE X X 08/28/01 HOUSEHOLD PRIVATE LABEL CREDIT CARD M DE X X 07/01/02 INDIGO ENERGY INC DE X X 07/10/02 AMEND INVESTCO INC NV X X X X X 04/04/02 IPVOICE COMMUNICATIONS INC NV X X 07/03/02 AMEND JACKSONVILLE BANCORP INC TX X X 07/19/02 JMAR TECHNOLOGIES INC DE X X 07/19/02 KERR MCGEE CORP /DE DE X X 07/17/02 KMART CORP MI X X 07/22/02 LANDSTAR SYSTEM INC DE X 07/18/02 LCA VISION INC DE X X 07/19/02 LIBERATE TECHNOLOGIES DE X X 07/19/02 LOUDCLOUD INC DE X 07/16/02 LTV CORP DE X X 07/22/02 MALLON RESOURCES CORP CO X 07/17/02 MATERIAL SCIENCES CORP DE X 07/16/02 MB FINANCIAL INC /MD MD X 07/22/02 MCDATA CORP DE X 07/19/02 MERRILL LYNCH & CO INC DE X 07/22/02 METALDYNE CORP DE X X 07/18/02 MIDWEST BANC HOLDINGS INC DE X X 07/19/02 MILLER HERMAN INC MI X 07/19/02 MODINE MANUFACTURING CO WI X 07/17/02 MONTEREY BAY BANCORP INC DE X X 07/22/02 MORGAN STANLEY ABS CAPITAL I INC DE X X 07/18/02 MYLAN LABORATORIES INC PA X 07/18/02 NATIONAL CITY AUTO RECEIVABLES TRUST DE X X 07/15/02 NATIONAL CITY CREDIT CARD MASTER TRUS X X 07/15/02 NDC AUTOMATION INC DE X 07/22/02 NELX INC KS X X 07/11/02 NEW YORK COMMUNITY BANCORP INC DE X X 07/22/02 NORTEL NETWORKS CORP X X 07/17/02 NORTEL NETWORKS LTD X X 07/17/02 NORTH AMERICAN TECHNOLOGIES GROUP INC DE X X 07/17/02 AMEND NUEVO ENERGY CO DE X X 07/22/02 OCCIDENTAL PETROLEUM CORP /DE/ DE X X 07/22/02 OFFSHORE LOGISTICS INC DE X 07/22/02 PACIFIC NORTHWEST BANCORP WA X X 07/18/02 PEOPLES BANCORP INC OH X 06/30/02 PHOTON DYNAMICS INC CA X X 07/12/02 PHOTRONICS INC CT X X 07/18/02 PINNACLE PROPERTY GROUP INC X X 07/18/02 PLANETLINK COMMUNICATIONS INC GA X X X X 07/22/02 AMEND PLATO LEARNING INC DE X 05/09/02 AMEND PPG INDUSTRIES INC PA X X 07/18/02 PRIME RECEIVABLES CORP DE X 07/15/02 PRIVATEBANCORP INC DE X X 07/22/02 RAM VENTURE HOLDINGS CORP FL X X 06/12/02 AMEND SALEM COMMUNICATIONS CORP /DE/ DE X X 07/09/02 SECOND BANCORP INC OH X 07/22/02 SEMOTUS SOLUTIONS INC NV X 07/15/02 SILVERSTREAM SOFTWARE INC DE X X X 07/17/02 SIMMONS FIRST NATIONAL CORP AR X 07/19/02 SL INDUSTRIES INC NJ X X 07/18/02 STATEN ISLAND BANCORP INC DE X X 07/17/02 STRATEGIC DIAGNOSTICS INC/DE/ DE X X 07/17/02 STRATUS PROPERTIES INC DE X 07/15/02 SUFFOLK BANCORP NY X X 07/22/02 SUN HYDRAULICS CORP FL X X 07/19/02 T & G2 NV X 07/22/02 TELEBYTE TECHNOLOGY INC NV X X 07/22/02 TEREX CORP DE X X 07/22/02 TEXAS BIOTECHNOLOGY CORP /DE/ DE X 07/22/02 TITAN PHARMACEUTICALS INC DE X X 07/22/02 UICI DE X X 07/22/02 UNITED AUTO GROUP INC DE X X 07/22/02 UNITED PARK CITY MINES CO DE X 07/19/02 UNITY BANCORP INC /DE/ DE X X 07/12/02 US CHINA INDUSTRIAL EXCHANGE INC NY X X 07/15/02 VANDERBILT MORT & FIN INC SENIOR SUB TN X 06/25/02 VEECO INSTRUMENTS INC DE X 07/11/02 AMEND VILLAGEEDOCS INC CA X X 07/15/02 WARNACO GROUP INC /DE/ DE X X 07/22/02 WAUSAU MOSINEE PAPER MILLS CORP WI X X X 07/22/02 WEATHERFORD INTERNATIONAL LTD D0 X X 07/21/02 WELLS REAL ESTATE INVESTMENT TRUST IN MD X 06/05/02 AMEND WERNER ENTERPRISES INC NE X X 07/16/02 WHITEMARK HOMES INC CO X X 07/22/02 WILSHIRE FINANCIAL SERVICES GROUP INC DE X 07/15/02 WORLDCOM INC GA X X 07/21/02