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EMERSON RADIO CHARGES FIDENAS INVESTMENT WITH SECURITIES VIOLATIONS

 EMERSON RADIO CHARGES FIDENAS INVESTMENT WITH SECURITIES VIOLATIONS
 NORTH BERGEN, N.J., May 28 /PRNewswire/ -- Emerson Radio Corp. (NYSE: EME) today announced that it has charged Fidenas Investment Limited and related Fidenas entities and their officers, including Fidenas Investment president and Emerson board member Gottfried Jurick, with violations of U.S. securities laws as part of Fidenas' scheme to take over control of Emerson.
 Filing suit in the U.S. District Court for the Southern District of New York, Emerson stated that Fidenas, among other things, consistently violated the Williams Act by not making the appropriate 13D disclosures about the identities of those who control and manage Fidenas; the sources of funds it used to purchase Emerson shares; and its plan and intentions to control Emerson.
 Emerson charged that as a result of Fidenas' disclosure violations, Fidenas' accumulation of Emerson stock is unlawful; Emerson shareholders have been denied material information with respect to purchasing, selling and voting Emerson shares; and the market for Emerson shares has been manipulated and disrupted.
 Emerson asked the court to enjoin Fidenas and its related parties from pursuing Fidenas' illegal scheme to take control of Emerson; to require Fidenas to take immediate corrective disclosure actions; and to enjoin Fidenas and its related parties from voting any Emerson stock acquired in breach of Fidenas' obligations under Section 13D of the Williams Act.
 Fidenas Investment Limited is a foreign entity incorporated in the Bahamas.
 Emerson Radio Corp. is one of the leading U.S.-based marketers of consumer electronics products.
 -0- 5/28/92
 /CONTACT: Robert D. Siegfried of Kekst and Company, 212-593-2655, for Emerson Radio/
 (EME) CO: Emerson Radio Corp.; Fidenas Investment Limited ST: New Jersey IN: CPR SU:


GK-CK -- NY031 -- 4668 05/28/92 10:50 EDT
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Publication:PR Newswire
Date:May 28, 1992
Words:292
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