Printer Friendly

OWENS-CORNING WORKERS TO BE PART OF LAWSUIT AGAINST WICKES COMPANIES

OWENS-CORNING WORKERS TO BE PART OF LAWSUIT AGAINST WICKES COMPANIES
 MEDIA, Pa., Feb. 26 /PRNewswire/ -- Union workers at four Owens- Corning Fiberglas plants who have either been terminated, downgraded or put out on early retirement were certified as a class in a lawsuit brought against Wickes Companies, Inc.
 The New Jersey Superior Court ruled Monday that the Glass, Molders, Pottery, Plastics & Allied Workers International Union and its Local Union No. 252 in Barrington, N.J., can serve as representatives of approximately 2,000 GMP members at OCF plants in New Jersey, Ohio and California.
 GMP International President James E. Hatfield praised the ruling as "a stop in the fight to redress the excesses of merger mania."
 The case to be tried under New Jersey law focuses on the 1986 hostile takeover attempt mounted by Wickes Companies against OCF. The GMP citing Wickes' failure to properly report to the FDC on its takeover activities, has sued Wickes for wrongful interference with the economic interests of GMP members in the affected plants.
 The ruling, issued by Judge Raymond Drozdowski of the Superior Court of New Jersey in Camden County, rejected Wickes' objections to class certifications.
 Wickes paid a $300,000 penalty to settle Federal Trade Commission charges that it had wrongfully failed to report its acquisition of OCF shares in August 1986.
 -0- 2/26/92
 /CONTACT: Justin Loughrey, esquire, Tomar, Simonoff, Adourian & O'Brien, 609-429-1100, for the Glass, Molders, Pottery, Plastics & Allied Workers International Union; or Richard Kline, director of communications, Glass, Molders, Pottery, Plastics & Allied Workers International Union, 904-258-6333/
 (OCF) CO: Owens-Corning; Wickes Companies, Inc.; Glass, Molders, Pottery,
 Plastics & Allied Workers International Union ST: Pennsylvania, New Jersey IN: SU:


TW-MK -- DC020 -- 2840 02/26/92 13:21 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 26, 1992
Words:287
Previous Article:CHICAGO MILWAUKEE REPORTS 1991 OPERATING RESULTS
Next Article:AVIS EUROPE, GE CAPITAL FLEET SERVICES REACH AGREEMENT IN PRINCIPAL FOR SALE OF AVIS LEASE'S EUROPEAN VEHICLE LEASING, FLEET MANAGEMENT BUSINESS
Topics:


Related Articles
TAMPA JURY AWARDS $3 MILLION TO SANFORD COUPLE IN ASBESTOS SUIT AGAINST W.R. GRACE & COMPANY AND OWENS-CORNING
TAMPA JURY AWARDS $3 MILLION TO SANFORD COUPLE IN ASBESTOS SUIT AGAINST W.R. GRACE & COMPANY AND OWENS-CORNING
ASBESTOS VICTIM'S WIDOW WINS $15 MILLION -- LARGEST STANDING ASBESTOS VERDICT AGAINST OWENS CORNING FIBERGLAS IN UNITED STATES
$5 MILLION SETTLEMENT PROPOSED IN UNION LAWSUIT AGAINST WICKES COMPANY
OWENS CORNING INITIATES FEDERAL LAWSUIT, RECORDS POST-1999 ASBESTOS PROVISIONS AND ANNOUNCES DIVIDEND
OWENS CORNING INITIATES LAWSUIT AGAINST TESTING LABORATORIES
Owens Corning Files Second Lawsuit In Pursuit of Fraudulent Testing Laboratories
Owens Corning Sues Tobacco Companies for Harm Caused by Smoking
BRIEFCASE.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters