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IT'S GOOD TO BE KING, IN COURT AT LEAST: PROMOTER ACQUITTED

          A Federal jury acquitted Don King of nine counts of
     wire fraud yesterday in Manhattan, the "second time he was
     tried on charges of attempting to defraud Lloyd's of London
     insurance syndication out of $350,000 following cancellation
     of a boxing match involving Julio Cesar Chavez," according
     to Richard Sandomir of the N.Y. TIMES.  The jury "could not
     reach a verdict" concerning Don King Productions, which was
     a defendant in the case along with King.  However, the
     Government "has chosen not to retry the company."  Sandomir
     reports that the verdict came after the trial had "plunged
     into chaos" since Tuesday, after the forewoman of the jury
     reported that one juror was "causing a deadlock."  Dennis
     Yager, the juror who "had pushed hard to convict King and
     his company," changed his vote yesterday morning, and "said
     little as he rushed from the courtroom" after the verdict
     was announced (N.Y. TIMES, 7/10).  In DC, Thomas Heath
     reports that King now "likely will turn his attention toward
     dealing with a potentially explosive" $100M suit filed
     against him by former client Mike Tyson.  Tyson is charging
     that King "defrauded him of millions" (WASHINGTON POST,
     7/10).   A report on King's acquittal concluded last night's
     "Moneyline", and CNN's Allan Dodds Frank called it a
     "knockout victory" for King.  Dodds Frank: "In a series of
     civil and criminal cases ... King has largely escaped
     judgment, earning him the nickname 'Teflon Don'" (CNN, 7/9).
          WIN FOR BOXING? Top Rank Inc. President Bob Arum, on
     King's court victory: "I think it's a very, very good thing
     because I think boxing is in danger of being absolutely
     ruined by networks like HBO that have been trying to
     eliminate promoters and preventing major matches from
     occurring" (Jay Searcy, PHILADELPHIA INQUIRER, 7/10).

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