Boutraille Corp., et al.

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 20818 / November 26, 2008

SEC v. Boutraille Corp., et al., 05 CV 9300 (S.D.N.Y.) (GBD)

PARTIES STIPULATE TO DISMISSAL OF ACTION WITHOUT PREJUDICE

The Securities and Exchange Commission announced that on October 23, 2008, the parties filed a stipulation of dismissal of this action without prejudice.

The Commission filed a complaint in this action on November 2, 2005, alleging that certain unknown purchasers of call options for the stock of Placer Dome, Inc., violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The Commission subsequently amended the complaint to name Boutraille Corporation, Trinity Partners Ltd., and John C. Fraleigh as defendants. The stipulated dismissal terminates this action without prejudice.

[See also Litigation Release No. 19457 (November 3, 2005)]