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.