latest news releases from the newsroom
Foresters Announces Major Shift in U.S. Sales Organization
TORONTO, Nov. 30, 2006 (PRIME NEWSWIRE) -- The Independent Order of Foresters, commonly known as Foresters(tm), today announced that it will launch a new sales organization in January 2007 to sell its life insurance products and annuities in the United States. This network of independent agencies will be known as Foresters Financial Partners Inc. with offices across the U.S.
Parker Waichman Alonso LLP
Parker & Waichman, LLP Applauds Federal Judge's Decision Denying Medtronic's Motion to Dismiss Hundreds of Lawsuits Related to Defective Defibrillators
NEW YORK, Nov. 30, 2006 (PRIME NEWSWIRE) -- Parker & Waichman, LLP (www.yourlawyer.com) announced that it strongly supports U.S. District Judge James Rosenbaum's decision denying Medtronic Inc.'s (NYSE:MDT) motion to dismiss hundreds of product liability cases relating to the company's recalled implantable cardioverter defibrillators (ICD's). The ruling, which was issued on Tuesday in U.S. District Court in Minneapolis, MN, means that thousands of patients and their families, who have suffered as a result of these recalled devices, will have the right to seek compensation. Parker & Waichman, LLP currently represents hundreds of victims of defective defibrillators, and the firm continues to evaluate new cases.
HomeAid Completes Transitional Housing Project for Hurricane Survivors in Houston
NEWPORT BEACH, Calif., Nov. 30, 2006 (PRIME NEWSWIRE) -- With thousands of hurricane survivors still in housing crisis in Houston, HomeAid, the country's leading non-profit builder of transitional housing, announced the 11 a.m. CT, December 7 dedication of a new 48-bed transitional housing project called Wellsprings Village at 5031 Allum Road. The 14,850-square-foot facility features six, four-bedroom homes on three acres of land and is designed to serve evacuee women in crisis, including those who are victims of domestic violence -- a quiet, but critical demographic of evacuees who are in desperate need of a secure living environment. The dollar value of the construction project was $1,557,000.
Gallo & Associates
Gallo & Associates Files California Class Action Against Kraft Foods Global, Inc.
LOS ANGELES, Nov. 30, 2006 (PRIME NEWSWIRE) -- The law firm of Gallo & Associates, which has significant experience prosecuting consumer fraud cases, announces that a lawsuit seeking class action status was filed yesterday in the Superior Court of the State of California, in and for the County of Los Angeles, on behalf of all purchasers of a certain so-labeled "guacamole" product made and/or marketed by Kraft Foods Global, Inc. (NYSE:KFT) ("Kraft").
East Delta Resources Corp.
East Delta Authorizes Subsidiary to Acquire Nickel Property in China
MONTREAL, Nov. 30, 2006 (PRIME NEWSWIRE) -- East Delta Resources Corp. (OTCBB:EDLT) (Frankfurt:EJK) announced today that it has given Sino-Canadian Metals Inc., a 63% owned subsidiary of EDLT, authorization to proceed with the acquisition of the nickel-copper exploration property controlled by Sino Canadian, under a letter of intent with Qinghai Hua Long Ding Shun Minerals Ltd of Qinghai Province, China. The letter of intent contains the framework to form a joint venture to develop the nickel-copper property, covering an area of approximately 17 square kilometers. The proposed joint venture agreement calls for Sino-Canadian Metals to initially deposit US$300,000 into the project in order to earn 80% equity ownership, with further exploration and development expenditure of up to US$4.7 million within two years, subject to obtaining continuing positive results. The required funding for the deposit has already been completed and is available for deposit into the proposed JV upon the signing of final agreements with Qinghai Hua Long.