Into battle in the courts
Article Abstract:
A legal battle between Credit Lyonnais' Dutch subsidiary and the two former directors of Epic Holdings, Kirk Kerkorian and Giancarlo Parretti, is taking place in Los Angeles and Paris. The bank charges Kerkorian sold the studio without divulging its financial problems.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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Reeling: Credit Lyonnaise
Article Abstract:
Credit Lyonnais is trying to raise badly-needed capital in order to restructure Metro-Goldwyn-Mayer, the US movie studio it owns. A deal with Thomson-CSF will give that firm an increased stake in Credit Lyonnais, which hopes to sell MGM as soon as it can.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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