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MORTON WINS ARBITRATION AGAINST RANK ORGANISATION

 MORTON WINS ARBITRATION AGAINST RAND ORGANIZATION
 LOS ANGELES, Jan. 31 /PRNewswire/ -- Peter A. Morton, co-founder of


the Hard Rock Cafes, today said that he and his associates won an arbitration clearing the way for him to establish a Hard Rock Hotel and Casino in Las Vegas.
 The arbitration arose out of a dispute when the Rank Organization, PLC (a United Kingdom corporation) attempted to block Morton from moving forward with his Nevada venture.
 Rank, which also operates Hard Rock Cafes, is one of England's largest gambling companies. Its claims were rejected by the arbitrator which sided with Morton.
 Morton is now expected to proceed with his Las Vegas project.
 Yesterday, Morton sued Rank and others in United States District Court for the Central District of California, charging Rank with conspiring to coerce and force Morton and his associated entities to sell to Rank their entire Hard Rock interests at a price far below their market value.
 Morton is seeking more than $1.25 billion in damages under U.S. antitrust laws and other applicable statutes.
 -0- 1/31/92
 /CONTACT: Jeremy Weithas of Kekst and Company, 212-593-2655, for Hard Rock Cafes/ CO: Hard Rock Cafes; Rank Organization, PLC ST: California, Nevada IN: LEI SU:


SH-TM -- NY048 -- 5700 01/31/92 14:48 EST
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Publication:PR Newswire
Date:Jan 31, 1992
Words:213
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