THE McGRAW-HILL COMPANIES ALLEGES MULTI-MILLION DOLLAR SCHEME IN USED BOOK MARKET; Brings Civil Suit in Federal Court on Illegal Diversion of College & Professional Titles to Used Book Market.

NEW YORK, N.Y.--(BUSINESS WIRE)--June 12, 1995--The McGraw-Hill Companies, Inc. today charged in Federal Court that a book destruction company, its principal and certain employees, six used book wholesalers, two used book brokers and related parties illegally diverted McGraw-Hill professional and college books, originally intended for destruction and paper recycling, into the used book market.

McGraw-Hill seeks to amend(1) earlier civil litigation, The McGraw-Hill Companies, Inc. vs. Guaranteed Destruction Inc. et al., initiated December 21, 1994 in U.S. District Court in…