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): October 14, 1996
CARSON PIRIE SCOTT & CO.
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(Exact name of registrant as specified in its charter)
Illinois
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(State or other jurisdiction of incorporation)
0-22682 37-0175980
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Commission File Number (IRS Employer Identification No.)
331 West Wisconsin Avenue, Milwaukee, Wisconsin 53203
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(Address of principal executive offices) (Zip Code)
(414) 347-4141
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Registrant's Telephone Number
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Item 5. Other Events.
On October 14, 1996, the United States District Court for the Eastern
District of Wisconsin affirmed in all respects the July 28, 1995 Bankruptcy
Court decision granting Carson Pirie Scott & Co.'s motion for summary
judgment in the amount of $37,565,000, plus costs against Bank One, Milwaukee,
N.A. in the case of P.A. BERGNER & CO. V. BANK ONE, MILWAUKEE, NA (CASE NO.
95-C-1087). The District Court's ruling remains subject to further appeals.
Also, Bank One Milwaukee has asserted that Carson's recovery is subject to
33% reduction in accordance with the distribution Bank One Milwaukee would
receive as an unsecured creditor under Carson's chapter 11 plan of
reorganization that was confirmed and consummated in 1993.
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, thereunto duly authorized.
Dated October 17, 1996.
CARSON PIRIE SCOTT & CO.
By: /s/ Michael R. MacDonald
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Michael R. MacDonald
President and Chief Operating Officer
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