TORONTO, April 21 /CNW/ - Today, the Goldfarb Corporation (NEX:GDF.H)
(the "Corporation") announced that a decision has been received in the
arbitration proceedings between the Corporation and Liberty International
Underwriters Canada ("Liberty"), the Corporation's D&O insurer, regarding the
amount to be contributed by Liberty towards the 2006 settlement of the action
brought against the Corporation and certain of its directors and officers by
WPP Group plc. The panel overseeing the proceedings has ruled in favour of the
Corporation and has determined that Liberty should contribute US$ 960,000 plus
related interest costs. The Corporation expects receipt of this amount by the
end of April.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Ms. Karen Killeen, Chief Financial Officer at