Continental Grain Comments on Verdict.NEW YORK--(BUSINESS WIRE)--July 8, 1997--Continental Grain Company, 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 , today said that it was pleased with Judge Ira Gammerman's decision to set aside the breach of contract and punitive pu·ni·tive adj. Inflicting or aiming to inflict punishment; punishing. [Medieval Latin p  n damage verdict of a New York jury, but was disappointed that the Judge had not also dismissed the defamation defamationIn law, issuance of false statements about a person that injure his reputation or that deter others from associating with him. Libel and slander are the legal subcategories of defamation. Libel is defamation in print, pictures, or any other visual symbols. claims. Judge Gammerman's decision today in favor of upon the side of; favorable to; for the advantage of. See also: favor Continental Grain, and two of its affiliates, set aside $40 million of the jury's $41 million verdict. Continental Grain reiterated that it believed that the jury's verdict was contrary to law and against the weight of the evidence. A Continental Grain spokesperson said that the Company was considering an appeal of the defamation award that Judge Gammerman had not set aside. CONTACT: Valerie Accardi (212) 207-5588 |
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