Arbitron Reaffirms Lawsuit Battle
May 2, 2008 at 12:09 PM (PT)
ARBITRON has reaffirmed its intention to fight the class action suit an institutional investor filed against it earlier in the week (NET NEWS, 4/30). EVP and Chief Legal Counsel TIM SMITH stated, "We have reviewed the filing. ARBITRON's goal is to provide quality services to our customers and value to our shareholders.
"We are confident that these claims are not representative of the wishes and experiences of the majority of our investors. We will vigorously defend our company and our shareholders' interests against this lawsuit."