EX-10.32 2 rh9831938-ex10_32.txt PRESS RELEASE EXHIBIT 10.32 Page 1 1 of 1 DOCUMENT Copyright 2007 PR Newswire Association LLC. All Rights Reserved. PR Newswire August 11, 2007 Saturday 12:55 AM GMT LENGTH: 147 words HEADLINE: Nevada District Court Rules in Riviera Shareholder Dispute DATELINE: LAS VEGAS Aug. 10 BODY: LAS VEGAS, Aug. 10 /PRNewswire/ -- On August 10, 2007, the Nevada District Court (Clark County) issued a summary judgment ruling from the bench in the litigation between Riv Acquisition Holdings Inc. ("RAH") and Riviera Holdings Corporation ("Riviera"). The RAH Group consists of Riv Acquisition Holdings, Inc., Flag Luxury Riv, LLC, Rivacq LLC and RH1 LLC. The Court ruled that the three-year moratorium set forth in the Nevada Business Combinations Law does not apply to the RAH Group. The Court also ruled that the voting limitations set forth in Riviera's charter do not apply to the RAH Group. The Court's ruling is subject to entry of a formal order. CONTACT: Rick Matthews of Rubenstein Associates, Inc., +1-212-843-8267, rmatthews@rubenstein.com ; or Helen Foley of Faiss Foley Warren, +1-702-933-7777, both for Riv Acquisition Holdings Inc. SOURCE Riv Acquisition Holdings Inc. URL: http://www.prnewswire.com LOAD-DATE: August 11, 2007