BUSINESS
August 30, 1996 | From Reuters
Italian businessman Giancarlo Parretti, former owner of Metro Goldwyn Mayer, has rejoined the fight to own the venerable Hollywood film studio with new allegations of bribery and fraud. Citing recent evidence, Parretti's attorneys Thursday asked the Delaware Chancery Court to reopen the 1991 case in which the legally troubled financier lost control of MGM. "The ultimate purpose of this is to get control of MGM," Parretti's Beverly Hills-based lawyer, Jay Coggan, said in an interview.