Press Release by Intertainment AG
Court Judge reaffirmed the trial date between Intertainment and Franchise on August 5, 2003
Ismaning near Munich, June 19, 2003 - On June 16, 2003, United States District Court Judge Alice Marie Stotler reaffirmed that the litigation between Intertainment and Franchise will go to trial on August 5, 2003, as previously scheduled.
To fit the case into her docket, she will allow the parties 16 trial days, to be spread out over four weeks. She has allocated the time evenly between Intertainment and Franchise. The court will hold a hearing on July 28, 2003 to rule on the motions in limine filed by the parties.
In the past, Intertainment and Franchise had a cooperation agreement for the production of films. Franchise perpetrated fraud on Intertainment through excessively inflated budgets and caused damage amounting to at least 100 million dollars. Intertainment therefore filed a claim relating to compensation for damages against Franchise in December 2000. In May 2002, two RICO claims filed by Intertainment were also admitted. RICO claims are a special feature of the American Federal Rules of Civil Procedure. They allow victims of organized criminality three times the amount payable in compensation for damages. If the trial is decided in favor of Intertainment, this would amount to 300 million dollars and payment of all lawyers' fees.
Intertainment Licensing GmbH is a wholly-owned subsidiary of media company Intertainment AG.
Intertainment AG, Dr. Marietta Birner, Investor Relations, Osterfeldstraße 84, 85737 Ismaning, Germany
Tel.: +49 (0) 89 / 216 99 - 0, Fax: +49 (0) 89 / 216 99 - 11,
Internet: www.intertainment.de , E-mail: email@example.com
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