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FFD Financial Corporation
FFD Financial Corporation Reports Net Earnings for the Quarter and Annual Periods Ended June 30, 2008
DOVER, Ohio, Aug. 7, 2008 (PRIME NEWSWIRE) -- FFD Financial Corporation (Nasdaq:FFDF), parent company of First Federal Community Bank of Dover, Ohio, reported net earnings for the three months ended June 30, 2008 of $241,000, or diluted earnings per share of $.22, compared to the $435,000, or $.39 per diluted share, of net earnings reported for the comparable three-month period in 2007. The $194,000, or 44.6%, decrease in net earnings resulted from increases of $173,000, or 221.8%, in the provision for losses on loans and $142,000, or 13.6%, in general, administrative and other expenses and a decrease of $2,000, or 1.2%, in other income, which were partially offset by an increase of $24,000, or 1.5%, in net interest income and a decrease of $99,000, or 43.8%, in the provision for federal income taxes.
Bernstein Liebhard & Lifshitz, LLP
Bernstein Liebhard & Lifshitz, LLP and The Lanier Law Firm File Third-Party Payer Actions Against Merck On Behalf of Union Health and Welfare Funds
NEW YORK, Aug. 7, 2008 (PRIME NEWSWIRE) -- Bernstein Liebhard & Lifshitz, LLP ("BL&L") (www.bernlieb.com) and The Lanier Law Firm (www.lanierlawfirm.com) announced that the firms have filed third-party payer lawsuits against Merck (NYSE:MRK) in state court in Atlantic City, New Jersey on behalf of the New York City Police Department, Detectives Endowment Association, Inc.'s (www.nycdetectives.org) Health & Welfare Fund and Retirees Health and Welfare Fund, and on behalf of the Ohio Carpenters' Health Fund (www.ohiocarpenters.com), to recover monies the self-insured funds paid for Vioxx during the period from 1999 to 2004. The complaint alleges, among other things, that Merck violated the New Jersey Consumer Fraud Act in the way it marketed and sold Vioxx. The NJ Consumer Fraud Act provides for recovery of treble damages and an award of attorneys' fees and costs.