Corporacion Meier Files Breach of Contract Lawsuit In Peruvian Court for Non-Performance Against Aristocrat Technologies Inc. - US, a Wholly Owned Subsidiary Of Aristocrat Leisure Limited - AUS.SAN ISIDRO San Isidro (sän ēsē`thrō), city (1991 pop. 299,022), Buenos Aires prov., E Argentina. It is a district administrative center in the Greater Buenos Aires area. San Isidro grew around a chapel built in 1706. , Peru -- The lawsuit filed in Peruvian court by Corporacion Meier for non-performance against Aristocrat Technologies Inc. (US), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Aristocrat Leisure Aristocrat Leisure Limited ASX: ALL is an Australian company, which has its administrative centre in the Sydney suburb of Lane Cove, although the majority of its research and development is done at its Rosebery site. Limited (AUS AUS abbr. Army of the United States ), states that Aristocrat failed to comply with certain key provisions of a 2001 contract relating to the purchase of 3000 slot machines. "In our opinion, Aristocrat has been out of compliance with the terms of the agreement since early 2002. I believe we have shown great patience and have done everything possible to accommodate them in their delinquency. Unfortunately, it has come to the point that we feel this is the only action that will bring them into compliance," said Luis Fuentealba, owner of Corporacion Meier. "The Plaintiffs have asked the courts to act quickly as Aristocrat's lack of performance has caused irrecoverable damage. The court has responded by providing injunctive relief injunctive relief n. a court-ordered act or prohibition against an act or condition which has been requested, and sometimes granted, in a petition to the court for an injunction. in the form of suspending the payment terms specified within the contract until this matter is settled," said Ramon Chehade, Corporacion Meier's attorney. About Corporacion Meier With more than 3,500 slot machines, Corporacion Meier is one of the leading operators in Peru. Established in 2000, Corporacion Meier also operates additional machines in Argentina, Chile, and Ecuador. |
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