Pinnacle Holdings'


shares soared in the premarket session on news the company had settled an ongoing accounting case with the Securities and Exchange Commission.

Without admitting guilt, the company agreed not to violate accounting rules in the future. The company was being probed in connection with its acquisition of



North American satellite antenna site business in 1999.

On Instinet, Pinnacle's shares were recently gaining 12 cents, or 30%, to 52 cents each.