COMPUTER ASSOCIATES INTERNATIONAL, INC. TO APPEAL ARBITRATION AWARD.ISLANDIA, N.Y.--(BUSINESS WIRE)--April 3, 1996--Computer Associates International, Inc. said today that it plans to appeal a lower court decision affirming an arbitration award An arbitration award (or arbitral award) is a determination on the merits by an arbitration tribunal in an arbitration, and is analogous to a judgment in a court of law. against the company and its subsidiary, On-Line International Software. The award grew out of a long time dispute concerning royalties between On-Line and the developers of a product On-Line acquired in 1982. The dispute was ongoing at the time of CA's acquisition of On-Line in 1991. A company spokesman stated that the conduct of the arbitration arbitration Process of resolving a dispute or a grievance outside a court system by presenting it for decision to an impartial third party. Both sides in the dispute usually must agree in advance to the choice of arbitrator and certify that they will abide by the proceeding in this case is a testament to the failure of the arbitration process itself and that it expects that its position will be vindicated on appeal. In its March 15, 1996 decision confirming the award, the lower court did not review the findings of the American Arbitration Association The American Arbitration Association (AAA) is a private enterprise in the business of arbitration, and one of several arbitration organizations that administers arbitration proceedings. The AAA also administers mediation and other forms of alternative dispute resolution. panel. Computer Associates International, Inc. (NYSE NYSE See: New York Stock Exchange : CA), with headquarters in Islandia, N.Y., is the world leader in mission-critical business software. The company develops, licenses and supports more than 500 integrated products that include systems and database management, application development, manufacturing and financial applications. CA has 9,000 people in 130 offices in 36 countries and had revenue of $3.2 billion in calendar year 1995. CA can be reached by visiting http://www.cai.com on the World Wide Web or emailing info@cai.com. All referenced product names are trademarks of their respective companies. CONTACT: Computer Associates International Inc., Islandia Doug Robinson
Doug Robinson is a guide and instructor in the Sierra Mountains. - Investor Relations Investor relations The process by which the corporation communicates with its investors. 516/342-2745 |
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