Dominion Bridge Claims Against the Insurgent Committee to be Heard by Delaware District Court.MONTREAL--(BUSINESS WIRE)--July 3, 1997--Dominion Bridge Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DBCO; VSE See DOS/VSE. VSE - Virtual Storage Extended : DMO DMO Debt Management Office (Bank of England) DMO Destination Marketing Organization DMO Defence Materiel Organisation (Australia) DMO Dental Maintenance Organization DMO Distributed Mission Operations .U) announced that the United States District Court for the District of Delaware The United States District Court for the District of Delaware is the Federal district court having jurisdiction over the entire state of Delaware. The Court sits in Wilmington. Currently, three judges and two magistrate judges preside over the court. issued an order yesterday holding that Dominion Bridge will have the opportunity to present for resolution its claims, including those for misrepresentation misrepresentation In law, any false or misleading expression of fact, usually with the intent to deceive or defraud. It most commonly occurs in insurance and real-estate contracts. False advertising may also constitute misrepresentation. and tortuous interference, against the so- called Committee to Revitalize Dominion Bridge in the normal course of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . The Court decided that the issues raised by Dominion Bridge could be completely addressed in the timely progress of the litigation. A spokesman for the Company said that while it would have been useful for the stockholders to have the immediate benefit of a Court decision on the illegality of the proposed drastic by-law change, but that the Company recognizes that a Court decision may not even be necessary if the Committee's proposal is voted down by the stockholders. The Company plans on diligently continuing the litigation by, among other things, taking the deposition of Mr. Kuhns, Mr. Dutton and Mr. Mariash, and will also continue to point out to stockholders the misrepresentations being made by the Committee in its solicitation materials and press releases. Dominion Bridge was established in 1879. The company is active in the international engineering and infrastructure markets. It manages projects and operates facilities in North and South America, Europe and the Asia Pacific. The company, together with its subsidiaries, employs more than 6,500 people, with this year's anticipated revenues of over US $600 million. Consolidated backlog is approximately US $500 million. Dominion Bridge Corporation's subsidiaries are Dominion Bridge, Inc., Steen Becker, Inc. and Davie Industries. Its Australian subsidiary, McConnell Dowell Corporation, is a major Asian Pacific engineering firm. This release was neither approved nor disapproved by the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). . CONTACT: Michael Polyviou Porter, Le Vay & Rose, Inc. (212) 564-4700 or Company Contact: Francois Morin (514) 634-3550 |
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