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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 of earliest event reported): December 10, 1997
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Prime Retail, Inc.
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(Exact name of registrant as specified in its charter)
Maryland 0-23616 52-1836258
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
100 East Pratt Street
Nineteenth Floor, Baltimore, Maryland 21202
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (410) 234-0782
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No Change
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(Former name or former address, if changed since last report)
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Item 5. OTHER EVENTS.
On December 10, 1997, a purported shareholder of Horizon Group, Inc.
("Horizon") filed a purported class action lawsuit in the Circuit Court for
Muskegon County, Michigan against Horizon, Prime Retail, Inc. (the "Company"),
and certain directors and former directors of Horizon claiming, among other
things, that Horizon's directors breached their fiduciary duties to Horizon's
shareholders in approving the previously announced merger between Horizon and
the Company and that the consideration to be paid to Horizon's shareholders in
such merger is unfair and inadequate. The lawsuit requests that the merger be
enjoined or, in the event that the merger is consummated, that the merger be
rescinded or damages be awarded to the class members.
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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 hereunto duly authorized.
PRIME RETAIL, INC.
(Registrant)
Date: December 16, 1997
By: /s/ Robert P. Mulreaney
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Name: Robert P. Mulreaney
Title: Executive Vice President,
Chief Financial Officer
And Treasurer
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