FORM 8-K
Securities & Exchange Commission
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Act of 1994
Date of Report: December 11, 1996
JUNIPER FEATURES, LTD.
NEW YORK 0-19170 11-2866771
(State or other (Commission File Number) (I.R.S.Employer
jurisdiction Indentification
of Incorporation) Number)
111 GREAT NECK ROAD, GREAT NECK, NEW YORK 11021
(Address of Principal Executive Office) (Zip Code)
Registrant's telephone number (516) 829-4670
NOT APPLICABLE
(Former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On May 14, 1996, a judgment for $90,000 (the "Judgment") was entered by the
Superior Court of the State of California for the County of Los Angeles against
the Company and two other defendants on an award by an arbitrator pursuant to
Section 1141.10 of the California code of Civil Procedure and Rule 1505 of the
Rules of Court in an action captioned NICA Financial, Inc. v. A-1 Asset
Management Services, L.L.C. et al., No. KCO18673 (the "Action"). The plaintiff
in the Action sought damages for breach of contract, book account, quantum
valebant, and fraud. All defendants in the action were represented by the same
counsel, which counsel failed to appear at the arbitration proceeding. Although
the Company relied on the representations of the other defendants that they
would retain counsel to defend the Action and seek to vacate the judgment, the
Company has retained counsel separately and has filed a motion to set aside the
Judgment. The Company believes that the Plaintiff's claims are meritless and
that if the Action were adjudicated the Company would prevail. Although the
Company intends to vigorously seek to set aside the Judgment and to defend the
Action, there can be no assurance that the Company will succeed. The Company
will also seek relief against its former counsel for any damages arising from
his failure to appear at the arbitration proceeding.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: December 11, 1996
JUNIPER FEATURES, LTD.
(Registrant)
By:_____________________________
V. Paul Hreljanovic
President
Chief Executive Officer
