Todd Leslie Treadway

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 22251 / February 3, 2012

Securities and Exchange Commission v. Todd Leslie Treadway, Civil Action No. 11-cv-1534 (S.D.N.Y Mar. 7, 2011)

FINAL JUDGEMENT ENTERED SETTLING COMMISSION'S INSIDER TRADING CASE AGAINST ATTORNEY

The United States Securities and Exchange Commission announced today that, on January 27, 2012, the Honorable Richard J. Holwell of the United States District Court for the Southern District of New York entered a final judgment against Todd Leslie Treadway. The judgment enjoins Treadway from violating Sections 10(b) and 14(e) of the Securities Exchange Act of 1934 and Rules 10b-5 and 14e-3 thereunder. Treadway has also been ordered to pay full disgorgement of the ill-gotten gains plus prejudgment interest and a civil penalty limited to $10,000 based on his current financial condition.

The Commission's complaint in this case alleged that in 2007, and again in 2008, Treadway, while employed as an attorney in the New York office of Dewey & LeBoeuf, used material, non-public information he obtained through his position at the firm to purchase stock in two separate companies prior to the announcement of the acquisition. In June 2007, Treadway purchased securities in Accredited Home Lenders Holding Company, and in May 2008, Treadway purchased securities in CNET Networks, Inc. According to the complaint, Treadway's illegal trading resulted in profits of approximately $27,000. See Litigation Release No. 21877 (March 7, 2011).

The Commission also announced today the issuance of an administrative order pursuant to Rule 102(e)(3) of the Commission's Rules of Practice suspending Treadway from appearing or practicing before the Commission as an attorney.

Treadway consented to the entry of the judgment and the issuance of the Order.

The Commission acknowledges the assistance of FINRA.