POLYGRAM TO OPPOSE MCA
POLYGRAM TO OPPOSE MCA NEW YORK, Nov. 15 /PRNewswire/ -- PolyGram Holding, Inc. (NYSE: PLG)
announced today that it has learned through the media that a lawsuit has been filed against it by MCA. The lawsuit accuses PolyGram of disrupting an agreement between MCA and Motown Records.
PolyGram believes the suit is totally baseless and that MCA has brought it in bad faith, knowing that its accusations against PolyGram are false. Moreover, PolyGram contends that MCA's lawsuit is an unlawful attempt to restrain competition in the U.S. recorded music market, and that MCA's use of the legal process as a weapon against PolyGram is in violation of the antitrust laws. PolyGram will vigorously defend the lawsuit. PolyGram is listed on the Amsterdam and New York Stock Exchanges. -0- 11/15/91 R /CONTACT: Dawn Bridges, 212-333-8357, Amanda Whitwell, 011-44-71-493-8800, both of PolyGram/ (PLG) CO: PolyGram Holding Inc.; MCA ST: New York IN: ENT SU: XX -- NY016 -- 1457 11/15/91 10:35 EST
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|Date:||Nov 15, 1991|
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