OTHER NEWS - Aug. 27, 1992

Diet Firm Settles SEC Charges: The Securities and Exchange Commission filed civil charges in New York accusing Los Angeles-based Interactive Medical Technologies and its president, Beverly Hills physician William E. Shell, of violating securities laws. The SEC said the diet company failed to disclose judgments against it to investors and in 1989 urged investors to convert warrants into common stock of the company, even though the securities weren’t registered. The SEC also charged that Interactive’s former president, Philip Dascher, improperly borrowed for personal use money the company had raised in an initial public offering of stock. Dascher repaid the money. The company, Shell and Dascher settled the charges without admitting guilt.