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MEDIA CORP TO DEFEND LEGAL CLAIM
15th February, 2012 at 15:11:18
Dormant subsidiary and a 2007 agreement named in claim
Media Corporation Plc, recently in the news with the announcement of a joint venture partnership agreement with Hippodrome Casino
(see previous report), has advised of a claim in excess of £ 300 000 laid against it and a dormant subsidiary of the Company, Search Focus Limited.
While little information has been released on the nature of the claim the action has been brought against the company by CD Casino.com, a dormant company with a single director Mr M. Caselli and reportedly pertains to an agreement dating back to February 2007.
Media Corporation has made clear its intention to defend the claim "vigorously" following in-depth consultation with its legal advisors.
Related News Tags: Hippodrome
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