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VICORP RESTAURANTS, INC. ENTERS INTO PRELIMINARY SETTLEMENT

 VICORP RESTAURANTS, INC. ENTERS INTO PRELIMINARY SETTLEMENT
 DENVER, April 24 /PRNewswire/ -- VICORP Restaurants, Inc. (NASDAQ: VRES) announced today that it has entered into a preliminary agreement settling a class action lawsuit in 1990 that was based upon alleged accounting irregularities affecting its production and distribution division. VICORP stated that it expects the settlement, which is subject to court approval, to have no material adverse effect on either its financial position or its operating results.
 VICORP operates and franchises approximately 400 mid-scale family type restaurants under the names Bakers Square and Village Inn, principally in the Rocky Mountain region, upper Midwest, Florida, Arizona and California.
 -0- 4/24/92
 /CONTACT: Peter F. Doane, vice president/treasurer of VICORP, 303-296-2121/
 (VRES) CO: VICORP Restaurants, Inc. ST: Colorado IN: LEI SU:


KD-AH -- NY094 -- 2732 04/24/92 17:17 EDT
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Publication:PR Newswire
Date:Apr 24, 1992
Words:137
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