$1.6 billion lawsuit against Cerberus Capital proceeds in Illinois State Court

FOR IMMEDIATE RELEASE
Chestertown, Maryland, United States of America (Free-Press-Release.com) July 20, 2011 -- Following a recent ruling by the Appellate Court of Illinois, the $1.6 billion lawsuit against Cerberus Capital Management, Madeleine LLC and Gordon Brothers Group is now moving forward in Illinois State Court.

Cerberus and Gordon were lenders to an MML, Inc. subsidiary, Winterland Concessions Co. MML, Inc. is one of an affiliated group of companies including its parent, VR Holdings, Inc., Allegheny Pepsi Cola Bottling Company, Transcolor Corp., Valley Rivet Company, Inc., Allegheny Beverage Corp. and Alleco, Inc.

The lawsuit originally filed in 2007 by The Cancer Foundation, Inc. (CFI), a 501(c)(3) charitable organization, and a shareholder of VR Holdings, Inc., included over 20 plaintiffs including MML, Inc. and Morton M. Lapides, Sr., charged that Cerberus, Gordon (now a subsidiary of Bank of America) and others caused actions that prevented a $ 75 million donation to Johns Hopkins Hospital in Baltimore, Maryland, to expand the development of an immunization program to treat pancreatic cancer.

CFI's mission is to support alternative and conventional therapies used concurrently to treat cancers. CFI was to have been the beneficiary in 1998 of an $ 80 million donation from VR Holdings, Inc., which according to the lawsuit was disrupted by an alleged plan to secure ownership of a recent acquisition of MML. Inc.,

The defendants allegedly damaged MML, Inc. and its affiliates, totaling 2,500 entities, many of whom are senior citizens, by over $1.6 billion, including interest and lost earnings thru 2007.

The suit alleges that a six-month bridge loan was made to a subsidiary of MML, Inc., Winterland Concession Company, a California-based company which held 300 licenses to print tee shirts for music artists like Madonna and The Doors, by the two lenders, who prevented the remaining balance from being repaid. As a result, the plaintiffs claim that a domino effect damaged all affiliated corporations, their creditors and stockholders, totaling over 2,500 entities.

Barry L. Dahne, president of CFI said, "This is a major victory in our attempt to bring justice to the long suffering stockholders and creditors of MML, Inc. and its subsidiaries.

He continued, "For years the defendants have relied on technical grounds to delay the suit. Now we will have our day in court to present the facts."

"This is a huge success in our "David vs. Goliath" battle against deep pocketed and influential defendants, said John E. Baker, President of VR Holdings, Inc., "Hopefully, with the technical-ground stalling tactics eliminated, we will proceed on the merits of the case".

“VR Holdings filed a registration statement with the Securities and Exchange Commission which has gone effective and which describes the shares registered and plans for the company,” Baker added, “Using the lawsuit as an asset enables an alternative method of litigation funding.”

About VR Holdings, Inc.:

Currently, the primary function of VR Holdings is to pursue litigation against Cerberus Capital Management LP, Madeleine, a subsidiary of Cerberus, and Gordon Brothers Capital Corp., now a subsidiary of Bank of America. In addition, VR Holdings, Inc. intends to invest directly and indirectly in litigation and arbitration cases, claims and disputes.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipates” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Certain risks are detailed in the Company’s Form 10-K and other periodic filings with the Securities Exchange Commission at www.sec.gov. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.

More information can be found online at http://www.thecancerfoundationinc.org

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