CBS Corporation Files Motion Seeking to Suppress Winthrop's Posting on Its Website a Video Showing Disrepair at Its Churchill, P
04 Agosto 2010 - 1:18AM
Winthrop Realty Trust (NYSE:FUR) announced today that in its
pending lawsuit against CBS Corporation and Viacom/Westinghouse of
PA, Inc. (collectively, "CBS") in the Alleghany County,
Pennsylvania Court of Common Pleas, CBS filed a motion with the
Court seeking to strike from the docket Winthrop's notice to the
court that it intends to post on its website for the benefit of its
shareholders a video showing the significant state of disrepair at
Winthrop's Churchill, Pennsylvania property which is currently
leased to CBS. In addition, on May 26, 2010 CBS previously refused
media access to tour the Churchill property.
The Churchill property is a 1,000,000 square foot office and
research facility net leased by a wholly-owned subsidiary of CBS
from a subsidiary of Winthrop. CBS has elected not to renew
its lease at the expiration of the current term which expires
December 31, 2010. Winthrop brought the action seeking damages
in excess of $29 million for CBS' failure to maintain and return
the Churchill property in good repair.
Michael L. Ashner, Winthrop's Chairman and Chief Executive
Officer stated "apparently CBS, the parent company of CBS News and
the investigative 60 Minutes show, does not believe it need adhere
to the adage 'that what is good for the goose is good for the
gander'."
Winthrop Realty Trust is a NYSE-listed real estate investment
trust (REIT) headquartered in Boston,
Massachusetts. Additional information on Winthrop Realty Trust
is available on its Web site at www.winthropreit.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995. With the exception of the historical
information contained in this news release, the matters described
herein contain "forward-looking" statements that involve risk and
uncertainties that may individually or collectively impact the
matters herein described. These are detailed from time to time
in the "Risk Factors" section of the Company's SEC
reports. Further information relating to the Company's
financial position, results of operations, and investor information
is contained in the Company's annual and quarterly reports filed
with the SEC and available for download at its website
www.winthropreit.com or at the SEC website www.sec.gov.
CONTACT: Winthrop Realty Trust
Investor or Media Inquiries
Beverly Bergman
(617) 570-4614
bbergman@firstwinthrop.com
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