latest news releases from the newsroom
Liner Grode Stein Yankelevitz Sunshine Regenstreif & Taylor LLP
Liner Yankelevitz Obtains $2.9 Million Settlement for AOL Time Warner, Inc. Pensioners
SAN FRANCISCO, July 8, 2005 (PRIMEZONE) -- This summer, many AOL Time Warner pension plan participants will benefit from a $2.9 million class action settlement negotiated by Ronald S. Kravitz and Kim Zeldin in Spann, et al. v. AOL Time Warner, Inc., et al., 2005 U.S. Dist. LEXIS 10848, No. 02-8238 (S.D.N.Y. June 7, 2005). Representing the class, three former employees alleged the company had underpaid its retirees by failing to annualize partial years of compensation in calculating pension benefits.
CTI Group Gears Up for E-Business with Significant Board Appointments
INDIANAPOLIS, July 8, 2005 (PRIMEZONE) -- CTI Group (Holdings) Inc. (OTCBB:CTIG) announced the appointment of John Birbeck as Chairman of the Board, replacing Harold Garrison, who will assume the position as Vice Chairman of the Board. Bengt Dahl also joins the Board and Michael Leeds, previous Vice Chairman has tendered his resignation from the Board of Directors.
EntreMetrix, Inc. Announces Common Stock Repurchase Program
IRVINE, Calif., July 8, 2005 (PRIMEZONE) -- EntreMetrix, Inc. (OTCBB:ERMX) today announced its Board of Directors has authorized the Company to buy back up the company's shares of its common stock. Such purchases would be made from time to time based upon the market price of the Company's stock and authorized for a twelve-month period beginning July 8, 2005.
Northrop Grumman Corp.
Northrop Grumman Consolidates Presence in San Diego
SAN DIEGO, July 8, 2005 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) consolidated many operations in San Diego today with a ribbon-cutting ceremony for a 234,000-square-foot campus located on Spectrum Center Boulevard. The five-building complex will house approximately 850 employees and accommodate the company's expected growth.
$18,000,000 Into the Second Weekend of George A. Romero's Big Screen Release of 'Land of the Dead,' Mark Canton's Atmosphere and Relativity Media, XRAYMEDIA's Entertainment Partners Pushes the Much Anticipated Return to This Renowned Horror Series
NEW YORK and VANCOUVER, British Columbia, July 8, 2005 (PRIMEZONE) -- XRAYMEDIA, Inc., (OTCBB:XRYM), the media industry's leader in real-time negotiating technology, is pleased to announce the release of "Land of the Dead," a horror film, whose creator, George A. Romero, began to change the face of the contemporary film industry with his first installment in this horror series, "Night of the Living Dead" which initially debuted in 1968. Into its second weekend the film has grossed over $18,000,000.00 pushing for new heights as we come off the 4th of July holiday weekend.
Novartis Reaches Agreement to Settle US Lawsuit Related to Eon Labs Acquisition
BASEL, Switzerland, July 8, 2005 (PRIMEZONE) -- Novartis announced today that it and the other defendants in a lawsuit related to the acquisition of Eon Labs, Inc. (Nasdaq:ELAB) have reached an agreement in principle with the plaintiffs to settle this litigation pending before the Delaware Chancery Court. As a result, a hearing previously scheduled for July 8, 2005, will not take place.