SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
Date of Report (Date of earliest event
reported): September 2, 1994
THE DUN & BRADSTREET CORPORATION
(Exact Name of Registrant as
Specified in its Charter)
Delaware 1-7155 13-2740040
(State or other Jurisdiction (Commission File (I.R.S.
of Incorporation Number Employer
Identification
No.)
200 Nyala Farms, Westport, Connecticut 06880
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (203)
222-4200
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Item 5. Other Events
The Registrant has previously reported, most recently
in Note 6, Litigation, of the Notes to Consolidated
Financial Statements in its Quarterly Report in Form 10-Q
for the quarter ended June 30, 1994, the existence of
aconsolidated class action (the "Towers Class Action") by
certain persons who bought promissory notes issued by
TowersFinancial Corporation ("Towers") against American Credit Indemnity
("ACI"), a company of which the Registrant
owns 95 percent of the outstanding common stock, and other
defendants in the United States District Court for the
Southern District of New York. With respect to ACI, the
Towers Class Action alleges negligent misrepresentation,
negligence and fraud under common law and violations of
Section 10(b) (and Rule 10b-5 thereunder) under the
Securities Exchange Act of 1934 in connection with insurance
policies issued by ACI to Towers with respect to accounts
receivable securing or backing the Notes.
On September 2, 1994, ACI and counsel for the
plaintiffs entered into an agreement to settle all claims
that were or could have been asserted against ACI in the
Towers Class Action for $1.25 million. The proposed
settlement is subject to United States District Court
approval.
The amount of the proposed settlement will not
materially affect the Registrant's 1994 earnings.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly
authorized.
THE DUN & BRADSTREET CORPORATION
(Registrant)
By: ____________________
Date: September 16 , 1994 Earl H. Doppelt
Senior Vice President &
General Counsel
