Insilco Reports Unfavorable Decision in Antitrust Award
21 January 1999
Insilco Reports Unfavorable Decision in Antitrust AwardCOLUMBUS, Ohio, Jan. 21 -- Insilco Holding Co. (OTC BULLETIN BOARD: INSL) reported today, that as a result of a post-trial motion, the $25.3 million judgment which its Taylor Publishing unit was awarded by jury verdict in an antitrust lawsuit against Jostens, Inc., has been set aside. Although the court found that "the evidence presented at the trial was sufficient for the jury to conclude that (Jostens had) specific intent" to monopolize the yearbook market, it expressed the opinion, in contrast to the jury's finding, that Taylor had not demonstrated sufficient predatory conduct by Jostens to be entitled to relief. The Company said that it intends to vigorously appeal the decision and will seek to have the favorable jury verdict reinstated. Insilco Holding Co., based in suburban Columbus, Ohio, is a diversified manufacturer of industrial components and a supplier of specialty publications. The Company's industrial business units serve the automotive, electronics, telecommunications and other industrial markets, and its publishing business serves the school yearbook market. The Company had 1997 revenues in excess of $500 million. Investor Relations Contact: David A. Kauer or Stephen Smith, 614-792-0468 or write to Insilco Corporation, Investor Relations, 425 Metro Place North, Box 7196, Dublin, OH 43017 or call Melodye Demastus, Melrose Consulting 614-771-0860.