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EXHIBIT 16
[LETTERHEAD OF ARTHUR ANDERSEN]
Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, NW
Washington, DC 20549
July 26, 2000
Dear Sir/Madam,
We have read paragraphs 1, 2, 4, and 5 of Item 4 included in the Form 8-K dated
July 26, 2000 of GIANT GROUP, LTD. to be filed with the Securities and Exchange
Commission and are in agreement with the statements contained therein.
Very truly yours,
/s/ Arthur Andersen LLP
Arthur Andersen LLP
kel
cc: Mr. Burt Sugarman, GIANT GROUP, LTD.
