Class Action Suit Against Alliance North American Government Income Trust Dismissed.NEW YORK--(BUSINESS WIRE)--Oct. 1, 1996-- Alliance Capital Management L.P. today announced that 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 New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of granted the defendants motion to dismiss all counts of the Consolidated and Supplemental Class Action Complaint filed against the Alliance North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Government Income Trust, Inc. ("the Fund") and Alliance. The complaint, originally filed on January 6, 1995, alleged federal securities law claims and state law claims relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc investments by the Fund in Mexican and Argentine securities during December 1994. All claims have been dismissed without liability. In a message to Alliance employees, Dave H. Williams, Chairman of Alliance Capital, exclaimed, "We are very pleased with the court's decision." Throughout the action, Alliance maintained that the action was without merit and vigorously defended against it. Alliance Capital Management L.P. is a leading international investment adviser, with approximately $168 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , providing investment management services to institutions, primarily pension funds and endowments, banks and Alliance North American Government Income Trust insurance companies, and to individual investors through a broad line of mutual funds and cash management products. Alliance s general partner is a wholly-owned subsidiary of The Equitable Companies Incorporated ("ECI ECI Employment Cost Index ECI Election Commission(er) of India ECI Enterprise Content Integration ECI Early Childhood Intervention ECI Environmental Change Institute ") and approximately 58% of Alliance's outstanding Units are beneficially owned by ECI. CONTACT: Linda Finnerty (212) 969-1316 |
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