Exhibit 99.3

          GIANT GROUP, FIDELITY AND CKE RESTAURANTS SETTLE LITIGATION
               CARL'S JR. AND FIDELITY TO PURCHASE RALLY'S SHARES


Beverly Hills, California--April 26, 1996.  Burt Sugarman, Chairman and Chief
Executive Officer of GIANT GROUP, LTD. (GPO-NYSE), William Foley, Chairman and
Chief Executive Officer of Fidelity National Financial, Inc. (FNF-NYSE), and CKE
Restaurants, Inc. (CKR-NYSE),  the parent company of Carl's Jr., announced today
the settlement of all litigation between them.

Under the settlement, GIANT will acquire from Fidelity 705,489 shares of GIANT
common stock for cash.  Fidelity will acquire from GIANT a 4.9% stake in Rally's
for cash and Carl's Jr. will acquire from GIANT a 15% stake in Rally's for cash.
Fidelity and Carl's Jr. will have options to buy a total of an additional 15% of
Rally's stock from GIANT.

Rally's will appoint to its Board of Directors William P. Foley, II, Carl's Jr.
and Fidelity's Chairman and Chief Executive Officer and C. Thomas Thompson,
President of Carl's Jr.

Mr. Thompson said:  "Carl's Jr. is very happy with this agreement.  It gives us
the opportunity to participate in Rally's turnaround and growth, and should be
good for both companies.  Since both of us are in the quick-service market, we
will find many opportunities to cross promote and increase operating
efficiencies."

Donald Doyle, Rally's President and Chief Executive Officer, said:  "I look
forward to working with my former colleagues at Carl's Jr. where they are
experiencing a highly successful turnaround."

Mr. Foley said: "I personally look forward to working with Burt Sugarman.
Fidelity is pleased to have resolved the litigation with GIANT in a way which
benefits both companies and their shareholders."

Burt Sugarman said:  "This is an excellent result for all four companies.  We
have ended costly litigation, and have brought in Carl's Jr., a dynamic and
successful restaurant operator.  Carl's Jr., under the leadership of Bill Foley
and Tommy Thompson, will provide increased strength to Don Doyle and his team at
Rally's."

The Rally's portion of the transaction is subject to normal corporate due
diligence which will be completed Friday, May 3, 1996.

FOR FURTHER INFORMATION CONTACT:

Terry Christensen - (310) 553-3000
Andrew Puzder     - (714) 622-4322
Robert Wilson     - (714) 778-7133