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ZURN ANNOUNCES JURY VERDICT ON POWER PLANT PERFORMANCE

 ERIE, Pa., July 23 /PRNewswire/ -- Zurn Industries, Inc. (NYSE: ZRN), a leading designer, constructor and manufacturer of systems and equipment for power generation and water control, and Lynx golf clubs, announced today that an Imperial County Superior Court jury in El Centro, Calif., returned a verdict against the company on its claims for breach of contract against Imperial Resource Recovery Associates (IRRA) and in favor of IRRA in the amount of $25,746,391 on its claims against the company.
 The court has not entered a final judgment and has yet to rule on issues that may alter the verdict amount. Recognizing the possibility of changes in the verdict amount, the company has declined to speculate on the ultimate earnings impact. The company will appeal the verdict.
 -0- 7/23/93
 /CONTACT: Steve Adams of Zurn Industries, 814-452-2111/
 (ZRN)


CO: Zurn Industries, Inc.; Imperial Resource Recovery Associates ST: Pennsylvania, California IN: OIL SU:

PT-DM -- PG010 -- 5351 07/23/93 17:38 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
Words:162
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