SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C, 20549
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FORM 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): January 21, 1994
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GREYHOUND FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-7543 94-1278569
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(State or Other Jurisdiction (Commission (I.R.S. Employer
Incorporation) File Number) Identification No.)
DIAL TOWER, PHOENIX, ARIZONA 85077
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 602/207-6900
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Item 5. Other Events.
Through a Report on Form 8-K, dated January 5, 1993, the Company
previously reported litigation titled Cabana Limited Partnership, a South
Carolina Partnership v. Greyhound Real Estate Finance Company, et al., and
related litigation (collectively, the "Litigation"). On January 21, 1994,
the court in the above-named case granted summary judgment in favor of the
Company and the other defendants on all counts. On motion of defendants, the
court dismissed the defendants' claims without prejudice. The parties
subsequently entered into a global settlement agreement whereby all rights
to appeal have been waived by Plaintiffs. The terms of the settlement
agreement are confidential but involve the payment by the defendants to
plaintiffs' counsel of a relatively nominal amount, to secure finality,
which the Company believes will cover a portion of plaintiffs' counsels'
Litigation costs and expenses. The summary judgment in the Company's and
related defendant's favor remains unchanged.
Greyhound Real Estate Finance Company was a subsidiary of registrant
Greyhound Financial Corporation.
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 thereunto duly authorized.
GREYHOUND FINANCIAL CORPORATION
(Registrant)
Dated: January 25, 1994 By/s/ Bruno A. Marszowski
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Bruno A. Marszowski, Vice President-Controller
Principal Financial Officer/Authorized Officer
