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L.A. GEAR ANNOUNCES FILING OF LAWSUIT AGAINST MICHAEL JACKSON

 L.A. GEAR ANNOUNCES FILING OF LAWSUIT AGAINST MICHAEL JACKSON
 LOS ANGELES, Sept. 11 /PRNewswire/ -- L.A. Gear, Inc. (NYSE: LA) today announced that it has filed a lawsuit in California state court against entertainer Michael Jackson and related parties. The lawsuit alleges, among other things, fraudulent inducement, fraud, negligent misrepresentation, breach of contract and breach of the implied covenant of good faith and fair dealing by the defendants. The claims arose in connection with contracts between L.A. Gear and the defendants which granted the Company, among other things, the exclusive right to use Jackson's name and likeness in connection with the advertisement, promotion and sale of L.A. Gear shoes and apparel, including the right to develop and market a Michael Jackson athletic shoe line and the right to have L.A. Gear shoes featured in certain Michael Jackson music videos. L.A. Gear seeks, among other things, rescission of the contracts with the defendants, restitution of the costs and expenses incurred by the Company as a result of the contracts, damages, and declaratory relief ordering indemnification.
 L.A. Gear, Inc. is a leading designer, developer and marketer of a broad range of quality athletic and casual/lifestyle footwear.
 -0- 9/11/92 R
 /CONTACT: Michael Sitrick or Jeffrey Lloyd of Sitrick And Company, 310-788-2850, for L.A. Gear/
 (LA) CO: L.A. Gear Inc. ST: California IN: TEX ENT SU:


KJ -- LA027 -- 8727 09/11/92 19:41 EDT
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Publication:PR Newswire
Date:Sep 11, 1992
Words:242
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