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 FEBRUARY 17, 1998 (DATE OF EARLIEST EVENT REPORTED)
GREENSTONE ROBERTS ADVERTISING, INC.
(Exact name of registrant as specified in its charter)
Commission file number 000-17466
NEW YORK 11-2250305
(State or other jurisdiction of (IRS Employer
incorporation or organization) identification no.)
One Huntington Quadrangle
Suite 1C14
Melville, New York 11747
(Address of principal executive offices) (Zip Code)
(516) 249-2121
Registrant's telephone number, including area code
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Item 5. Other Events
COURT GRANTS PARTIAL SUMMARY JUDGMENT
TO GREENSTONE ROBERTS AND THE GOTHARD GROUP
Melville, New York, February 17, 1998 - The Circuit Court of Pinellas County,
Florida has granted Greenstone Roberts Advertising, Florida, a wholly owned
subsidiary of Greenstone Roberts and The Gothard Group (aka Gothard/Greenstone
Roberts), summary judgment as it relates to the fraud and negligence claims
brought by Proven Edge, Inc., a past client. The court denied the summary
judgment motion as it relates to Proven Edge's breach of contract claim.
The court granted partial summary judgment to Greenstone Roberts and The
Gothard Group on their counterclaim in the amount of $941,333.12.
In commenting on this event, Ronald Greenstone, Chairman of Greenstone Roberts
and The Gothard Group said, "While we are pleased with the court's ruling on
this matter, we are still concerned about Proven Edge's ability to pay this
claim. We will continue to vigorously pursue the entire outstanding debt and
look forward to the trial date of July 20, 1998."
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.
Greenstone Roberts Advertising, Inc.
By: /s/ Nelson C. Hunter
Name: Nelson C. Hunter
Title: Senior Vice President
and Chief Financial Officer
Dated: February 17, 1998
