CHIP - LS Capital Corporation Retains Denham & King, PLLC to Pursue Full House
Litigation
DUBLIN, Ireland, Jan. 13 /PRNewswire/ -- LS Capital Corporation
(OTC Bulletin Board: CHIP) announced today that it has retained the law firm
of Denham & King, PLLC of Ocean Springs, Mississippi, to represent LS Capital
as claimants against Full House Resorts, Inc. (Nasdaq: FHRI) over a proposed
casino venture in Biloxi, MS.
The original lawsuit was commenced by LS Capital in 1994 and resulted in
the trial judge awarding a summary judgment to the defendants in March 1996.
LS Capital was subsequently successful in an appeal to the Mississippi
Intermediate Appeals Court which reversed the original trial court decision
related to Full House in April 1998.
Earl Denham of Denham & King stated, "The Court of Appeals has ruled that
LS Capital's claims of breach of contract and breach of fiduciary duty
asserted against Full House are sufficient to warrant a jury trial. We intend
to proceed aggressively and are confident of a positive outcome at trial."
Updates on the progress of the litigation will be announced as
appropriate.
Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, commodity prices of precious
metals, increased levels of competition for the Company, perfection of
extraction technology, the Company's dependency upon third-party suppliers,
intellectual property rights, the risks of litigation and other risks detailed
from time to time in the Company's periodic reports filed with the Securities
and Exchange Commission. The Company assumes no obligation to update the
information in this release.
SOURCE LS Capital Corporation
-0- 01/13/2000
/CONTACT: Ralph King, or Earl Denham, both of Denham & King, PLLC,
228-875-1234, for LS Capital Corporation/
(CHIP FHRI)
CO: LS Capital Corporation; Full House Resorts, Inc.
ST: Ireland, Mississippi, California
IN: CNO
SU: LAW
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