Business Services Industry
MovieFone, Inc. Wins Further Judgement Against Pacer/CATS/CCS
Business Wire, Dec 16, 1998
NEW YORK--(BUSINESS WIRE)--Dec. 16, 1998--
NY Supreme Court Awards $1.35 Million in Damages
MovieFone, Inc. (NASDAQ NM: MOFN) announced today that the New York Supreme Court has awarded it $1.35 million in damages in a dispute stemming from a case decided last year. The Court found that Ticketmaster subsidiary Pacer/CATS/CCS, a provider of box office equipment to movie theaters, had violated an injunction prohibiting it from providing teleticketing services to movie theaters. It also ruled that Pacer/CATS/CCS is a Successor to Pacer/CATS, a company against which MovieFone won a $22.7 million arbitration award last year. MovieFone has a continuing antitrust action against Ticketmaster.
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