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To: SOROS who wrote (19)9/25/1997 10:21:00 PM
From: Riley G   of 65
 
> 1909 DJ 25-Sep-97

Olympus Ventures Files Defamation Suit Vs Mork
>OVIS

Symbol: OVIS
Industry: CLO TEX
Subject: DJN DJWI LAT LWS
Market Sector: CYC
Geographic Region: FL NME US USS
Product/Service: DCP

FT. LAUDERDALE, Fla. (Dow Jones)--Olympus Ventures Inc. (OVIS) filed a defamation suit against Dempsey Mork, his attorney John Hand and the law firm of Hand & Hand.
As reported Wednesday, Mork, through an entity called Magellan Litigation Services Inc., filed a lawsuit against Olympus, charging the company with fraud and stock manipulation.
In addition to defamation, Olympus is charging the defendants with unfiar business practices and conspiracy.
In a press release Thursday, Olympus said that while it has not been served with the complaint, it believes the allegations are "entirely without merit."
Olympus alleges that Dempsey Mork maintains a short position in Olympus stock and has published false and defamatory statements against the company in to lower its stock price.
(END) DOW JONES NEWS 09-25-97
05:14 PM
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