SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): September 26, 1997
AMERICAN WASTE SERVICES, INC.
(Exact Name of Registrant as Specified in its Charter)
Ohio 1-10599 34-1602983
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(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)
One American Way, Warren, Ohio 44484
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (330) 856-8800
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(Former name and address, if changed since last report)
This Report contains a total of 2 pages.
There are no exhibits.
ITEM 5. Other Events
Securities Litigation Dismissed
On or about October 3, 1991, one shareholder owning 100 shares of stock
brought suit against the Company and others on behalf of himself and a purported
class of other shareholders in the United States District Court for the Southern
District of New York. The suit alleged that the Company, the signatories to the
registration statements filed with the Securities and Exchange Commission during
October 1990, and the Company's underwriters violated federal securities laws in
connection with the Company's public offering of six million shares of Class A
Common Stock in October 1990. Among other things, the suit alleged
misrepresentations and failure to disclose allegedly material information
concerning the nature of the Company's market; the size of the Company's market;
the Company's failure to disclose that its landfills were located within a 50-
mile radius of each other in Ohio, thus making the Company especially vulnerable
to local conditions and competition; the Company's failure to set forth the
present and imminent competition; and the Company's growth. The Plaintiff sought
damages in an unspecified amount alleged to have arisen in part from the decline
in the price of the Company's stock following the public offering, and
rescission.
On September 26, 1997 the Court granted the defendants' Motion for Summary
Judgement and dismissed Plaintiff's case. Pursuant to the federal rules of
appellate procedure, the Court's dismissal is appealable within thirty days of
the date of the judgement entry.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
AMERICAN WASTE SERVICES, INC.
/s/ Timothy C. Coxson
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By: Timothy C. Coxson
Executive Vice President, Finance
Treasurer, Chief Financial Officer
DATED: October 1, 1997