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): August 12, 1994
AMDURA Corporation
(Exact name of registrant as specified in its charter)
Delaware 1-5027 41-0121800
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2801 Dawson Road, Tulsa, Oklahoma 74110
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code:
(918) 838-0119
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Item 5. Other Events.
On August 12, 1994, AMDURA Corporation (the "Company")
issued a press release regarding the issuance of an order by the
United States District Court for the District of Colorado,
reinstating certain class action claims which had been disallowed
by the Bankruptcy Court prior to the confirmation of the
Company's bankruptcy Plan of Reorganization, which became
effective in October 1991. The order also reverses the
Bankruptcy Court's order confirming the Plan. A copy of the
press release is filed as Exhibit 99 hereto.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) Exhibits. The following exhibit is filed as part of
this Current Report on Form 8-K:
Description Exhibit No.
___________ ___________
Press Release of AMDURA Corporation 99
issued August 12, 1994
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<PAGE>
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.
AMDURA CORPORATION
Date: August 12, 1994 By: /s/ C. David Bushley
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Title: Senior Vice
President,
Finance and
Administration
and Chief
Financial
Officer
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<PAGE>
EXHIBIT INDEX
Exhibit No. Description Sequential Page No.
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99 Press Release of AMDURA 5
Corporation issued
August 12, 1994
Exhibit 99
AMDURA
FOR IMMEDIATE RELEASE:
SOUTHBURY, CONNECTICUT, August 12, 1994 -- AMDURA Corporation
(NYSE:ADU) today announced that the United States District Court
for the District of Colorado has issued an order in an action
styled Saul Jones, et al. v. AMDURA Corporation (Case No. 91-K-
1521), which is an appeal of certain issues in a case originally
filed in January 1990. The case was filed prior to AMDURA's
filing of a voluntary petition for bankruptcy under Chapter 11 of
the Bankruptcy Code. The District Court's order reinstates
certain class action claims which had been disallowed by the
Bankruptcy Court prior to the confirmation of AMDURA's bankruptcy
Plan of Reorganization which became effective in October 1991.
The order also reverses the Bankruptcy Court's order confirming
the Plan. The effect of the District Court's order, if upheld,
would be to require the Bankruptcy Court to reopen hearings on
the confirmation of AMDURA's Plan of Reorganization.
The actions underlying the District Court's order purported to
have been brought on behalf of a class of persons who purchased
AMDURA's pre-bankruptcy preferred or common stock during certain
pre-petition periods, and alleged claims under the Securities
Exchange Act of 1934 to the effect that AMDURA's public business
and financial disclosures were materially false or misleading
during those periods.
AMDURA is considering its legal alternatives in light of the
District Court's order.
Pursuant to AMDURA's Plan of Reorganization, the Company was
reorganized around its wholly owned subsidiaries, The Crosby
Group, Inc. and The Harris Waste Management Group, Inc. Crosby
and Harris were not included in AMDURA's Chapter 11 bankruptcy
filing and were not in bankruptcy.
AMDURA Corporation, headquartered in Southbury, Connecticut,
operates primarily through Crosby and Harris. Crosby,
headquartered in Tulsa, Oklahoma, designs and manufactures
lifting equipment, hardware and accessories for use in energy,
construction, manufacturing, marine and transportation
applications. Harris, headquartered in Peachtree City, Georgia,
is engaged in manufacturing and marketing equipment for plastic,
paper and ferrous and non-ferrous scrap metal processing, as well
as waste recycling and solid waste disposal.
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FOR FURTHER INFORMATION, CONTACT:
William F. Andrews - Amdura Corporation
phone: (203) 262-0570
Ann Hance - Abernathy MacGregor Scanlon
phone: (212) 371-5999
