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Two New Orleans Law Firms To Lead Suit In Illinois State Court Against Cerberus Capital Management

Contract-liability lawsuit against Cerberus Capital Management proceeding in Illinois State Court with the addition of two New Orleans law firms representing VR Holdings.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Feb. 5, 2013 - John E. Baker, President of VR Holdings, Inc. (VRHD), reported that the Company's Form 10 K for its fiscal year ended September 30, 2012, filed with The Securities and Exchange Commission on January 25, 2013, stated that the New Orleans law firms of Fishman Haygood Phelps Walmsley Willis & Swanson LLP, and Jones, Swanson, Huddell & Garrison, LLC have joined the legal team that is handling the Company's Illinois State Court litigation against Cerberus Capital Management, Madeleine, LLC, Stephen Feinberg, Gordon Brothers Capital Corp. (subsidiary of Bank of America) and Warren Feder.

The former CEO of the Company, also a plaintiff, suggested that the Company contact the Fishman Haygood firm because a senior partner of the firm, many years earlier, had been with a firm that provided legal services to a subsidiary of the Company. The Fishman Haygood and Jones Swanson firms often combine their substantial experience in handling significant and often complex commercial litigation in order to offer comprehensive representation to their clients, as they will do in their representation of the Company.

In the litigation, VRDH asserts contract-liability claims against Cerberus, Gordon, and others.

Safe Harbor Statement under Private Securities Reform Act of 1925: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, including the words "believes", "expects", "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties ad other factors that may cause the actual results, performance or achievements of the company from those expressed or implies by such forward-looking statements. Certain risks are detailed in the Company's Form 10 K and other periodic filings with the Securities and Exchange Commission at www.sec.gov. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for the events occurring after the date hereof. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sales of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements f Section 10 of the Securities Act of 1933, as amended.

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Contact Email:
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Source:VR Holdings, Inc.
Phone:443-519-0129
Zip:21619
City/Town:Chestertown - Maryland - United States
Industry:Legal
Tags:Cerberus Management, VR Holdings
Shortcut:prlog.org/12073758
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