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WOLVERINE WORLD WIDE ANNOUNCES JURY VERDICT IN TEXAS CATTLE HIDE TRIAL

WOLVERINE WORLD WIDE ANNOUNCES JURY VERDICT IN TEXAS CATTLE HIDE TRIAL
 ROCKFORD, Mich., Jan. 31 /PRNewswire/ -- Wolverine World Wide, Inc. (NYSE: WWW) announced that a jury in Lubbock, Texas, rendered a verdict yesterday consisting of multiple awards of actual and punitive damages under various state law claims as well as under the Federal Racketeer Influenced and Corrupt Organizations Act (RICO) against Michigan-based Wolverine and a partnership in which it was a general partner with Fred Goldston.
 The verdict was rendered after a three-week long civil trial in the U.S. District Court for the Northern District of Texas. The awards overlap as to various claims for damages and no amount has been entered in judgment pending further proceedings in the District Court. While Wolverine is still evaluating and attempting to reconcile the various damage awards, damages under the RICO claims could aggregate $3.64 million (which would be trebled under RICO) and Wolverine believes aggregate damages under the various state law claims could not exceed $13.3 million. Wolverine indicated, however, that in view of the applicable statutes of limitations and post-trial motions on which it expects to prevail, the amount of such damages should be eliminated or substantially reduced.
 "Wolverine is bitterly disappointed in the jury's findings," stated a company official. "The allegations against Wolverine are totally without merit and Wolverine's conduct in this matter was entirely lawful and consistent with the highest of business ethics."
 The suit, filed against several Texas defendants in July 1988, was amended in January 1989, to include Wolverine and Plains Processing Company, a partnership between Wolverine and Fred Goldston that was dissolved in 1989. The suit alleged that the defendants participated in the conversion of cattle hides of Southwest Hide Co. and in a campaign of tortious interference with SW Hide's business relations and related claims.
 Wolverine World Wide, Inc. manufactures and markets a wide variety of branded footwear and pigskin leather. Major branded products of the company are: Hush Puppies(R) shoes, Wolverine(R) work and sport footwear, Wilderness(R) footgear, Coleman(R) footgear, Brooks(R) athletic footwear, Harbor Town(TM) by Hush Puppies(R) footwear, Bates Floaters(R), Tru-Stitch(R) slippers, Sioux-Mox(R) moccasins, Wimzees(R) casual footwear, Town and Country(TM) shoes, Kroupana(R) sueded pigskin, and Breathin' Brushed Pigskin(R) leather.
 -0- 1/31/92
 /CONTACT: Jim Lovejoy of Wolverine World Wide, 616-866-5539/
 (WWW) CO: Wolverine World Wide, Inc. ST: Michigan IN: TEX SU:


PS -- NY004 -- 5483 01/31/92 09:01 EST
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Date:Jan 31, 1992
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