Washington (July 6, 2004) — Securities and Exchange Commission Chairman William Donaldson will not participate in the probe of EasyLink Services Corp., a company in which he once served as director that's now under investigation by the SEC, the agency said.

The SEC announcement of Donaldson's recusal on Friday came in response to the Piscataway, N.J.-based company’s disclosure in an 8-K filed this week that the SEC is reviewing deals worth about $3 million of revenue generated by its former advertising network business in 2000.

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