CS Capital Management, Inc.'s Response to Department of Labor Press Release No. 10-1680-NAT

Dec 13, 2010, 17:53 ET from CS Capital Management, Inc.

ATLANTA, Dec. 13, 2010 /PRNewswire/ -- The following is a news release being issued by CS Capital Management, Inc.:

The press release regarding the Department of Labor's Complaint filing against CS Capital Management, Inc., and Paul H. Saylor is misleading.  A settlement was made with the Department of Labor so that this matter would be resolved rather than extended.  CS Capital Management, Inc. and Mr. Saylor have vigorously denied Department of Labor allegations since the date they were made under guidance of highly qualified fiduciary and real estate counsel, who also advised on the making of the initial investment in 1998.  The settlement was agreed to by CS Capital Management, Inc. and Mr. Saylor as a means to end a lengthy process without admission of guilt or liability, and without impediment to continuing to function as a fiduciary to institutional real estate investors.


SOURCE CS Capital Management, Inc.