COURT DISMISSES ACTION BY LIFSCHULTZ AGAINST ROADWAY ET AL.
AKRON, Ohio, July 8 /PRNewswire/ -- Roadway Services, Inc. (NASDAQ: ROAD) said today that the United States Court of Appeals for the Fourth Circuit has affirmed a lower court decision dismissing the action filed by Lifschultz Fast Freight, Inc. against Roadway Express, Consolidated Freightways and Yellow Freight. The action, filed in March 1987, asserted that the three motor carriers had been engaged in a conspiracy for over 15 years to drive competitors out of business in the less-than-truckload (LTL) market. The Appeals Court in its opinion observed that the trial court had correctly disposed of the case on summary judgment without trial. The plaintiff was unable to make even the threshold showing necessary to submit its case to a jury in support of its many broad allegations of violations of the antitrust and other laws. Joseph M. Clapp, chairman and president of Roadway Services, the parent of Roadway Express, expressed gratitude that the position of the three defendants had been sustained. "As the Appeals Court has again confirmed, this case never had any merit," he said. "It is regrettable that it nonetheless provided a platform for this plaintiff to launch all manner of outrageous attacks on the good name of Roadway." "This company has a deserved reputation for diligent compliance with the antitrust laws and we intend to keep it that way. To that end, we are gratified by the court's decision today," he added. -0- 7/8/93 /CONTACT: B. E. Hasenstab of Roadway Services, Inc., 216-258-2467/ (ROAD)
CO: Roadway Services, Inc. ST: Ohio IN: TRN SU:
BM -- CL016 -- 9616 07/08/93 15:46 EDT
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|Date:||Jul 8, 1993|
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