Law Firm Rosenfeld, Meyer & Susman, LLP Announces Class Action Lawsuit Against Primedia, Inc.Business Editors & Legal Writers LOS ANGELES--(BUSINESS WIRE)--Aug. 28, 2001 Employees of Primedia, Inc. (NYSE NYSE See: New York Stock Exchange :PRM PRM Partner Relationship Management PRM Parameter PRM Bureau of Population, Refugees and Migration (US State Department) PRM Partidul Romania Mare (Romania Mare Party) PRM Professional Risk Manager ) have filed suit against their employer in United States Central District Court in California today. The suit alleges that Primedia Inc., and other properties of Primedia, Inc. as well as key executives alleging they have violated federal racketeering Traditionally, obtaining or extorting money illegally or carrying on illegal business activities, usually by Organized Crime . A pattern of illegal activity carried out as part of an enterprise that is owned or controlled by those who are engaged in the illegal activity. statutes (RICO RICO n. . Act), conspired to violate federal racketeer statutes (RICO Act), fraud in the inducement fraud in the inducement n. the use of deceit or trick to cause someone to act to his/her disadvantage, such as signing an agreement or deeding away real property. , breach of contract, promissory fraud, negligent misrepresentation, breach of covenant of good faith and fair dealing, and failure to pay wages due. The law firm of Rosenfeld, Meyer & Susman, LLP LLP - Lower Layer Protocol (www.rmslaw.com) filed the class action case in the central district of California. The suit involves all of Primedia's over 500 media properties and could affect every employee of Primedia, as well as many subsidiaries. Any employee of Primedia, Inc. may be eligible for admittance to the class of this case. A description of Primedia, Inc. from Primedia.com, says PRIMEDIA, with 2000 sales of $1.7 billion, is a targeted media company with print, video and Internet businesses focused on consumer and business-to-business audiences. Some key businesses include Seventeen, New York, Chicago, Fly Fisherman, Channel One Network and 16 other specialty satellite television and TV distribution services, Horticulture, Modern Bride, American Baby, IntelliChoice, Telephony, American Demographics, About.com, and Films for the Humanities & Sciences. The Company owns and operates more than 1000 Web sites and other Internet properties. |
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