Alpha Hospitality Sues Park Place Entertainment.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 14, 2000 Alpha Hospitality Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on - ALHY; BSE - ALH; WARRANTS: OTCBB OTCBB See OTC Bulletin Board (OTCBB). - ALHYW; BSE - ALHW) (the "Company") announced today that Mohawk Management, L.L.C. ("Mohawk"), the entity through which the Company has been pursuing development of a casino project in Sullivan County, New York Sullivan County is a county located in the U.S. state of New York. As of the 2000 census, the population was 73,966. The county seat is Monticello. The name is in honor of Major General John Sullivan, who was a hero in the American Revolutionary War. , has joined with Catskill Development, L.L.C. ("Catskill") in a suit filed against Park Place Entertainment, Inc. ("Park Place"). The action, captioned, Catskill Development, L.L.C., Mohawk Management, L.L.C., and Monticello Raceway Development Company, L.L.C. v. Park Place Entertainment Corporation, was filed on November 13, 2000 in the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Southern District of New York. The complaint alleges that the plaintiffs are entitled to substantial damages as a consequence of, among other things, Park Place's purported interference with the plaintiff's Monticello, New York Native American casino project. To the extent the content of this press release includes forward-looking statements, they involve risks and uncertainties that are described from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company wishes to caution readers not to place undue reliance on such forward-looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1994, and as such, speak only as of the date made. |
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