[DML] DeLorean Motor Company Suit Settled

[ROBLAMROCK@xxxx]

DeLorean Motor Company Suit Settled

DETROIT, May 21 /PRNewswire/ -- Arthur Andersen LLP and David W. Allard, Jr., 
Bankruptcy Trustee of the DeLorean Motor Company, announced today that claims 
brought by the Trustee against Arthur Andersen in the New York state courts 
in connection with the failure of the DeLorean Motor Company nearly 20 years 
ago have been settled out of court for an undisclosed amount. The Trustee's 
trial counsel was Chadbourne & Parke LLP and Arthur Andersen's trial counsel 
was Brown & Wood LLP. The settlement is subject to bankruptcy court approval 
in Detroit.

In early 1998, a jury in a New York State Supreme Court found in favor of the 
Trustee, and Arthur Andersen filed post-verdict motions asking the court to 
set aside the verdict and dismiss the case. Before the court rendered a 
decision on the post-trial motions, the parties reached the settlement 
announced today.

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