Applications, hearings, determinations, etc.: Crown Laboratories, Inc.,

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Federal Register: January 2, 1998 (Volume 63, Number 1)NoticesPage 117From the Federal Register Online via GPO Access [wais.access.gpo.gov]

DOCID:fr02ja98-75

SECURITIES AND EXCHANGE COMMISSION

Issuer Delisting; Notice of Application To Withdraw From Listing and Registration; (Crown Laboratories, Inc., Common Stock, $.001 Par Value) File No. 1-12848

December 24, 1997.

Crown Laboratories, Inc. (``Company'') has filedan application with the Securities and Exchange Commission (``Commission''), pursuant to Section 12(d) of the Securities Exchange Act of 1934 (``Act'') and Rule 12d2-2(d) promulgated thereunder, to withdraw the above specified security (``Security'') from listing and registration on the American Stock Exchange, Inc. (``Amex'' or ``Exchange'').

The reasons cited in the application for withdrawing the Security from listing and registration include the following:

The Company has complied with Amex Rule 18 by filing with the Exchange a certified copy of the unanimous written consent containing resolutions adopted by the Company's Board of Directors authorizing the withdrawal of the Security from listing and registration on the Amex, and by setting forth in detail to the Exchange the reasons and facts supporting the proposed withdrawal.

On October 16, 1997, the Company's Board of Directors unanimously determined to withdraw the Company's Security from listing and registration on the Emerging Company Marketplace of the Amex. This action was taken while the Company and the Amex were engaged in discussions focusing on whether the Company was in compliance with certain of the Amex's continued listing guidelines. The Company has represented that its Security will continue to trade on the Pacific Exchange, Inc., where the Security has been listed and registered since November 11, 1996.

By letter dated November 11, 1997, the Amex informed the Company that it had no objection to the withdrawal of the Company's Security from listing and registration on the Amex.

By reason of Section 12(b) of the Act and the rules thereunder, the Company shall continue to be obligated to file reports with the Commission and the Pacific Exchange under Section 13 of the Act.

Any interested person may, on or before January 16, 1998, submit by letter to the Secretary of the Securities and Exchange Commission, 450 Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon whether the application has been made in accordance with the rules of the Exchange and what terms, if any, should be imposed by the Commission for the protection of investors. The Commission, based on the information submitted to it, will issue an order granting the application after the date mentioned above, unless the Commission determines to order a hearing on the matter.

For the Commission, by the Division of Market Regulation, pursuant to delegated authority. Jonathan G. Katz, Secretary.

FR Doc. 97-34192Filed12-31-97; 8:45 amBILLING CODE 8010-01-M

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