<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and
Exchange Act of 1934
Date of Report (date of earliest event reported) May 15, 1995
RAYTECH CORPORATION
DELAWARE 1-9298 06-1182033
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File No.) Identification No.)
Incorporation)
One Corporate Drive, Shelton, Connecticut 06484
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code 203-925-8023
Page 1 of 3
<PAGE>
Item 5. Other Events.
Ruling of the United States Court
of Appeals for the Third Circuit
On May 15, 1995, the Registrant received a Ruling of the
United States Court of Appeals for the Third Circuit in the case
entitled Raytech Corporation v. Earl White, et al. (No. 94-1347 which
affirmed a lower court ruling that had dismissed part of an action
brought by the Registrant seeking a declaratory judgment that it not
be held liable for the asbestos-related liabilities of Raymark
Industries, Inc. from which the Registrant had purchased some of its
operating assets. The lower court, the U.S. District Court of the
District of Connecticut, had issued a ruling in 1991 dismissing the
successor liability count of the class action citing as a reason the
preclusive effect of a 1988 judgment of the U.S. District Court of the
District of Oregon (Schmoll v. ACands, Inc., et al.) under the
doctrine of collateral estoppel in which case the Registrant was ruled
to be a successor to Raymark Industries, Inc. asbestos-related
liabilities.
The Registrant remains subject to the Bankruptcy Court,
District of Connecticut, where it filed a petition seeking relief
under Chapter 11 in 1989 in order to determine its successor liability
to claims made against Raymark Industries, Inc. The outcome of the
bankruptcy remains uncertain.
Page 2 of 3
<PAGE>
SIGNATURE
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 thereto duly authorized.
RAYTECH CORPORATION
By: /s/LEGRANDE L. YOUNG
LeGrande L. Young
Vice President, Secretary
and General Counsel
Page 3 of 3
