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PLM INTERNATIONAL FILES LAWSUIT

 SAN FRANCISCO, May 10 /PRNewswire/ -- San Francisco-based PLM International Inc. (AMEX: PLM) announced today that it has filed a complaint in the United States District Court for the Northern District of California citing violations of the federal securities laws by Norman J. Wechsler, who heads a securities brokerage firm in New York, Thomas Revy, who heads a Los Angeles investment firm, and several other parties affiliated with Wechsler and Revy.
 PLM International's complaint alleges certain inaccuracies in a Schedule 13D filing made by Wechsler, Revy and certain of their affiliated defendants including, (i) a failure to disclose in their Schedule 13D filing that they had already formulated plans and proposals to force changes in PLM International's corporate structure and corporate governance; and that (ii) the Schedule 13D filing conceals the defendants' true intent, which is to maximize their own profit and not to benefit all of PLM International's shareholders.
 PLM International's President and Chief Executive Officer Robert N. Tidball stated, "PLM International and its shareholders, as well as the investing public, require accuracy of public statements affecting our business and its securities. Therefore, when the company discovered what it believes to be material inaccuracies in the Schedule 13D filed by Messrs. Wechsler and Revy and their associates, we felt obliged to challenge these inaccuracies in court and to seek appropriate judicial remedies."
 PLM International is a transportation equipment leasing company specializing in the management of equipment on operating leases. The company is also the leading sponsor of syndicated investment programs organized to invest primarily in transportation equipment.
 -0- 5/10/93
 /CONTACT: Valerie Carattini-Cooke, director of Corporate Communications of PLM, 415-905-7227/
 (PLM)


CO: PLM International ST: California IN: TRN SU:

SG-LM -- SF013 -- 6632 05/10/93 16:03 EDT
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Publication:PR Newswire
Date:May 10, 1993
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