SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date earliest event reported) August 8, 1997
Commission Registrant, State of Incorporation, I.R.S. Employer
File Number Address and Telephone Number Identification No.
- ---------- ----------------------------------- ------------------
1-11299 ENTERGY CORPORATION 72-1229752
(a Delaware corporation)
639 Loyola Avenue
New Orleans, Louisiana 70113
Telephone (504) 529-5262
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Item 5. Other Information
Entergy Corporation
Reference is made to Entergy Corporation's Annual Report on
Form 10-K for the year ended December 31, 1996, for information
regarding a petition filed by Catalyst Technologies, Inc. ("CTI")
against Electec, Inc., now named Entergy Enterprises, Inc.
("Entergy Enterprises").
On August 8, 1997, a jury sitting in the Civil District
Court for the Parish of Orleans, Louisiana returned a verdict
against Entergy Enterprises in the amount of $346 million. CTI
alleged that Entergy Enterprises had agreed to transfer computer
software to CTI but breached its obligation to do so. The
verdict represents CTI's claim of lost profits for a product that
was never sold or marketed. Entergy Enterprises contended that
it was not obligated to transfer the technology and that the
claim for lost profits is totally speculative. Entergy
Enterprises does not believe that the jury verdict is supported
by the law and facts of the case, and will vigorously pursue its
right to overturn the verdict. Entergy Enterprises will file a
motion for judgment notwithstanding the verdict and will pursue
other post trial remedies within the time allowed.
Entergy Enterprises is a non-utility subsidiary of Entergy
Corporation ("Entergy"). Entergy's net investment in Entergy
Enterprises is $ 91 million. Entergy believes that the verdict
will be overturned on appeal or that the judgment will be
significantly reduced and, therefore, believes that the ultimate
outcome of this case will not have a material adverse effect on
Entergy or any of its other domestic or international
subsidiaries.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
ENTERGY CORPORATION
By: /s/Louis E. Buck, Jr
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Louis E. Buck, Jr.
Dated: August 11, 1997
