Court Grants ARV's Motion To Add Fraud Claim Against Lazard Freres Real Estate Investors.COSTA MESA, Calif.--(BUSINESS WIRE)--July 31, 1998--ARV Assisted Living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. Inc. (AMEX AMEX See: American Stock Exchange : SRS SRS, SRS-A see slow-reacting substance. ) Friday announced that the Orange County Superior Court granted the company's motion to amend its complaint against Lazard Freres Real Estate Investors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("LFREI") and three LFREI representatives on ARV's Board, Robert P. Freeman, Murry N.Gunty and Kenneth M. Jacobs, to add a fraud claim. ARV ARV abbr. Bible American Revised Version ARV n abbr (= American Revised Version) → traducción americana de la Biblia ARV n abbr (= believes that it has discovered substantial evidence to support this claim and the Court's ruling assures that that evidence will be admissible at the trial. The fraud claim and all other claims ARV has for monetary damages will be included in the trial scheduled to commence before Judge John C. Woolley on Aug. 3, 1998. LFREI is an affiliate of the New York investment bank Lazard Freres & Co. LLC. Founded in 1980, ARV is one of the largest operators of assisted living communities in the nation, currently operating 63 communities comprising approximately 8,050 units in 11 states.
CONTACT: ARV Assisted Living Inc., Costa Mesa
Suzanne C. Shirley, VP Investor & Public Relations
714/751-7400
or
Sitrick & Co.
Michael Kolbenschlag, 310/788-2850
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