Danier Leather Comments on Supreme Court Application


Feb 13, 2006 - 19:10

TORONTO, ONTARIO--(CCNMatthews - Feb. 13, 2006) - Today, Danier Leather Inc. (TSX:DL.SV) was formally advised that an application has been made to the Supreme Court of Canada seeking leave to appeal the unanimous decision of the Ontario Court of Appeal that dismissed on three separate grounds, the class action suit brought concerning the Company's initial public offering.

Jeffrey Wortsman, President and Chief Executive Officer of Danier Leather Inc., said, "This application comes as no surprise. Plaintiffs' legal counsel had indicated in December that they would seek leave to appeal the Ontario Court of Appeal's ruling. We will oppose this application and believe it should be dismissed. We believe that the Court of Appeal's decision was correct and that the plaintiffs have not raised any issues concerning it which merit review by the Supreme Court of Canada."

About Danier

Danier Leather Inc. is a leading integrated designer, manufacturer, and retailer of high-quality leather and suede clothing and accessories. The Company's merchandise is marketed exclusively under the well-known Danier brand name and is available only at its 96 shopping mall, street-front, and power centre stores, or through its corporate sales division and online through its website, www.danier.com.

Note: This press release may contain forward-looking statements that involve risks, estimates, and uncertainties. Therefore, actual results may differ materially. Examples of such risks and uncertainties include those associated with product sales, demand for Danier's products, availability of raw materials, foreign sourcing and manufacturing, the class action lawsuit, continued growth of the leather apparel industry, and competition and other associated risks with Danier's business. For an expanded discussion of risks and uncertainties, please see the documents filed by Danier Leather Inc. with the Ontario Securities Commission. Danier disclaims any responsibility to update or revise such forward-looking statements whether as a result of new information, future events or otherwise.

Investor Relations Contact
Danier Leather Inc., Jeffrey Wortsman
President and Chief Executive Officer
(416) 762-8175 ext. 302
(416) 762-7408 (FAX)


Danier Leather Inc.
Bryan Tatoff
Senior Vice-President and Chief Financial Officer
(416) 762-8175 ext. 328
(416) 762-6072 (FAX)