LAWSUIT FILED AGAINST TIGERA GROUP
LAWSUIT FILED AGAINST TIGERA GROUP NEW YORK, Dec. 6 /PRNewswire/ -- Tigera Group, Inc. (NASDAQ: TYGR)
has learned that a derivative lawsuit against the company and certain of its present and former directors and officers is pending in Delaware Chancery Court.
This lawsuit questions the propriety of certain corporate transactions which occurred during the period 1989 through 1991. Plaintiff's counsel are Zlotnick & Thomas and Rosenthal, Monhait & Gross, P.A. The company has been advised by its legal counsel that substantial procedural and meritorious defenses are available to it. The company intends to vigorously assert such defenses at the appropriate time. -0- 12/6/91 /CONTACT: Deborah A. Farrington of Tigera Group, 212-758-4316/ (TYGR) CO: Tigera Group, Inc. ST: New York IN: SU: FC-OS -- NY012 -- 0011 12/06/91 10:03 EST
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|Date:||Dec 6, 1991|
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