latest news releases from the newsroom
Los Angeles World Airports
Media Advisory -- LAX to Conduct Full-Scale Emergency Response in Airport Drill
LOS ANGELES, April 19, 2004 (PRIMEZONE) -- A full-scale, unrehearsed simulated aircraft incident, AIREX 2004, will be conducted Tuesday, April 20 at Los Angeles International Airport (LAX) from 10 a.m. to 1 p.m. to test the operational capability of the airport's emergency management system in a real-time stress environment, in which personnel, equipment and material are mobilized and deployed. The air exercise will take place on the restricted airfield on the remote west end of the airport (no public access). With more than 700 participants scheduled to participate, AIREX 2004 is considered one of the largest full-scale drills among all U.S. airports.
Virco Mfg. Corporation
Virco Inc. Grant to Benefit Principals' Associations Nationwide
SAN FRANCISCO, April 19, 2004 (PRIMEZONE) -- Today, the National Association of Elementary School Principals (NAESP) and Virco Inc. announced a unique service agreement: over the next 10 years, Virco will provide $1.5 million to continue the National Principals Resource Center's Speakers Bureau, which grants funds to NAESP state affiliates to pay for keynote speakers for their annual meetings. This generous commitment will enable the National Principals Resource Center (NPRC) to help state affiliates attract speakers who would otherwise be out of their financial reach.
Girard Gibbs & De Bartolomeo, LLP
Girard Gibbs & De Bartolomeo LLP Announces Class Action Lawsuit Against American Express Company -- AXP
SAN FRANCISCO, April 19, 2004 (PRIMEZONE) -- The law firm of Girard Gibbs & De Bartolomeo LLP filed a class action lawsuit on April 19, 2004, on behalf of clients of American Express Financial Advisors, Inc. ("AEFA") who purchased mutual funds in the American Express family of mutual funds between March 10, 1999 and February 9, 2004 (the "Class Period"). The class action asserts claims against the American Express Company (NYSE:AXP) ("AEC"), American Express Financial Corporation ("AEFC") and AEFA under the Securities Exchange Act of 1934, the Investment Advisers Act of 1940 and common law. A copy of the complaint is available from the Court, or can be viewed on Girard Gibbs & De Bartolomeo LLP's website: http://www.girardgibbs.com/aefa.html.
Parker Waichman Alonso LLP
MCI WorldCom Expected to Emerge from Bankruptcy Later this Week; Shares of WCOEQ and MCWEQ Likely to be Cancelled, Announces Parker & Waichman -- WCOEQ, MCWEQ, MCIAV
NEW YORK, April 19, 2004 (PRIMEZONE) -- WorldCom, (Pink Sheets:WCOEQ) (Pink Sheets:MCWEQ) (Pink Sheets:MCIAV), is expected to emerge from bankruptcy later this week and officially change its name to MCI. It is likely that pre-bankruptcy issued shares of WorldCom trading under the symbols WCOEQ and MCWEQ on the Pink Sheets will be cancelled when MCI emerges from bankruptcy leaving shareholders with little or no value. As a result Parker & Waichman, LLP (http://www.worldcomstockfraud.com) is encouraging all current and former WorldCom and MCI shareholders and former and current employees to evaluate their legal options immediately. Additionally, Parker & Waichman and affiliated counsel have filed a new round of claims on behalf of current and former WorldCom and MCI shareholders. Parker & Waichman continues to offer free lawsuit case evaluations at: http://www.worldcomstockfraud.com and http://www.worldcomemployeelawsuit.com .
Toll Brothers, Inc.
Toll Brothers' Website to Broadcast its May 6, 2004 "Second Quarter 2004 Outlook" Conference Call Live
HUNTINGDON VALLEY, Pa., April 19, 2004 (PRIMEZONE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, will broadcast live on its website, www.tollbrothers.com, a conference call to discuss its preliminary results and outlook for second quarter and fiscal year 2004. The event is scheduled for 2:00 p.m. (EDT) on Thursday, May 6, 2004. It will follow announcement of the Company's second quarter 2004 preliminary results for home building revenues, contracts and backlog before the market opens on Thursday, May 6, 2004. The call will be hosted by Robert I. Toll, Chairman and Chief Executive Officer.
Northrop Grumman Corp.
Northrop Grumman-Led Team Receives Contract To Develop Next Phase of Space Based Radar
REDONDO BEACH, Calif., April 19, 2004 (PRIMEZONE) -- A team led by Northrop Grumman Corporation (NYSE:NOC) has received a $220 million, 24-month contract to develop the first phase of the Space Based Radar (SBR) program, which is designed to provide integrated, global, persistent intelligence, surveillance and reconnaissance (ISR), as well as real-time support, to U.S. military and intelligence community operations.
Brodsky & Smith, LLC
Law Offices of Brodsky & Smith, LLC Announces Class Action Lawsuit Against Novastar Financial Inc. -- NFI
BALA CYNWYD, Pa., April 19, 2004 (PRIMEZONE) -- Law offices of Brodsky & Smith, LLC today announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased the common stock and other securities of Novastar Financial Inc. ("Novastar" or the "Company") (NYSE:NFI), between October 29, 2003 and April 9, 2004, inclusive (the "Class Period"). The class action lawsuit was filed in the United States District Court for the Western District of Missouri.