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Article: Vaughn Communications, Inc. Announces Tentative Settlement with RIAA.
- Article from:
- PR Newswire
- Article date:
- February 23, 1999
CopyrightCOPYRIGHT 1999 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS, Feb. 23 /PRNewswire/ -- Vaughn Communications, Inc. (Nasdaq: VGHN) ("Vaughn") today announced a tentative settlement over claims of copyright infringement at Vaughn's CD mastering and replication facilities. The settlement is subject to the approval of Vaughn's Board of Directors, certain Recording Industry Association of America (RIAA) member record companies, Allied Digital, Inc., a party to the Merger Agreement, and the closing of Vaughn's proposed merger with Twin Acquisition Corp. The settlement includes an undisclosed cash payment to the RIAA and a commitment to help raise piracy awareness.
As previously reported, Vaughn has entered into a ...