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Peter H. Bresnan Named Deputy Chief Litigation Counsel Of The SEC's Division Of Enforcement

Date 05/11/2001

The Securities and Exchange Commission today named Peter H. Bresnan Deputy Chief Litigation Counsel of the Commission's Division of Enforcement. As Deputy Chief Litigation Counsel, Mr. Bresnan will assist in supervising the Division's nationwide litigation program. Mr. Bresnan succeeds Stephen J. Crimmins, who left the Commission in July.

Stephen M. Cutler, the SEC's Director of Enforcement, said, "I am very pleased that Peter will be helping us lead our litigation efforts. Peter is a brilliant trial lawyer who has achieved superb results in a number of precedent- setting Commission cases. The Division and the Commission will benefit greatly from his impeccable judgment and deep knowledge of the federal securities laws."

David L. Kornblau, the Division's Chief Litigation Counsel, said, "The Division is extremely fortunate to have Peter as Deputy Chief Litigation Counsel. Through his superb work here and his extraordinary personal qualities, he has already earned the respect and confidence of Enforcement litigators and investigative staff throughout the Division. I look forward to having his sage counsel in overseeing our litigation program."

Mr. Bresnan, who joined the Commission in April 1995 as an Assistant Chief Litigation Counsel, has prosecuted a number of ground-breaking cases for the Commission, including its first litigated yield-burning case. He also spearheaded the Commission's first fraud case against an offshore hedge fund, Manhattan Investment Fund Ltd., and its manager Michael Berger, involving an alleged $393 million in investor losses. Mr. Bresnan is currently litigating the Commission's first insider trading case alleging the passing of inside information over the internet, which involves nineteen defendants and alleged illegal trading profits of over $8 million.

From 1982 until he joined the Commission, Mr. Bresnan was a litigator at the law firm of Davis Polk & Wardwell in New York. Mr. Bresnan, 46, earned his undergraduate degree in history from Kenyon College and his law degree from Fordham University Law School.