latest news releases from the newsroom
Parker Waichman Alonso LLP
Parker Waichman Alonso Mark, LLP Retained by Hundreds of Hurricane Katrina Victims Whose Insurance Claims Have Been Denied
NEW YORK, Jan. 11, 2007 (PRIME NEWSWIRE) -- Parker Waichman Alonso Mark, LLP (www.yourlawyer.com) announced that it has been retained by hundreds of clients in Alabama, Florida, Louisiana and Mississippi whose insurance claims related to damage caused by Hurricane Katrina were denied. Under state and federal laws, insurance companies are required to resolve claims with their insureds in good faith and with fair dealing. Unfortunately, thousands of insurance policyholders are unable to put their lives back together because of widespread improper damage claim denials. Parker Waichman Alonso Mark, LLP is assisting policyholders whose property insurance claims have been denied, or who have not yet filed a claim but who plan to in the future. The firm is providing legal representation to these policyholders in order to quickly obtain the compensation their insurance coverage provides.
Delta Air Lines, Inc.
Delta Sky Lodge Hosts Filmmakers, VIPs and Festival Attendees at the 2007 Sundance Film Festival
ATLANTA, Jan. 11, 2007 (PRIME NEWSWIRE) -- Delta Air Lines is once again proudly supporting independent film, returning as the Official Airline of the Sundance Film Festival. The airline will welcome filmmakers, VIPs and Festival attendees to the Delta Sky Lodge, Jan. 18-27, in Park City, Utah. Throughout the 2007 Festival, the Delta Sky Lodge will serve as host to exclusive premiere parties and events. It will also feature the WireImage Portrait Studio, where filmmakers, casts and industry executives will have their official Festival portraits taken.
Occidental Petroleum Corp.
Occidental to Divest Interest in Russian Joint Venture
LOS ANGELES, Jan. 11, 2007 (PRIME NEWSWIRE) -- Occidental Petroleum Corporation (NYSE:OXY) today announced the execution of an agreement for the sale of its 50% interest in the Vanyoganneft Joint Venture in western Siberia to TNK-BP for approximately $485 million. The license governing the Vanyoganneft Joint Venture currently expires in January 2013, although it may be extended under Russian law. At year-end 2006, Occidental's net proved Vanyoganneft reserves were an estimated 33 million barrels of oil equivalent, and the company's net production from Vanyoganneft is currently averaging an estimated 22,600 barrels of oil per day. Occidental expects to record a gain of approximately $400 million at the expected close of the transaction in the first quarter of 2007.