MGM/UA Shareholder Suit Begins: Opening arguments in...
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From Times Staff and Wire Reports
MGM/UA Shareholder Suit Begins: Opening arguments in a $200-million MGM/UA shareholder case were heard in Los Angeles Superior Court. Stockholders in the class-action suit contend that MGM/UA majority shareholder Kirk Kerkorian and his Tracinda Corp. undervalued United Artists when he sold the parent company to Turner Broadcasting Co. for $1.5 billion in 1986. Kerkorian is expected to take the stand in the trial, which will last about two weeks.
