latest news releases from the newsroom
Power Integrations, Inc.
Power Integrations Patents Ruled Enforceable Against Fairchild
SAN JOSE, Calif., Sept. 25, 2008 (GLOBE NEWSWIRE) -- Power Integrations (Nasdaq:POWI) today announced that all four patents asserted by the company in its patent-infringement lawsuit against Fairchild Semiconductor have been found enforceable by the Court. Power Integrations was found to have acted properly in the process of applying for and obtaining its patents from the Patent Office and, as a result, the Court rejected Fairchild's claims of inequitable conduct and ruled the patents enforceable. In October 2006, a jury found that Fairchild willfully infringed each of the four patents and awarded Power Integrations damages of approximately $34 million. In September 2007, a separate jury upheld the validity of each of the four patents.
Gevity HR, Inc.
Gevity Receives $33.1 Million of Returned Workers' Compensation Collateral
BRADENTON, Fla., Sept. 25, 2008 (GLOBE NEWSWIRE) -- Gevity (Nasdaq:GVHR), which serves as the full-service human resources department for small and mid-sized businesses, today announced it has recently received a return of $33.1 million of excess workers' compensation collateral from AIG Commercial Insurance ("AIGCI"). This cash infusion compares favorably to Gevity's prior estimate of $17 million.
SIGA Technologies, Inc.
SIGA Technologies to Participate in Committee Meeting for the Institute of Medicine
NEW YORK, Sept. 25, 2008 (GLOBE NEWSWIRE) -- SIGA Technologies (Nasdaq:SIGA), a company specializing in the development of pharmaceutical agents to fight bio-warfare pathogens, today announced that Dr. Dennis E. Hruby, Chief Scientific Officer, will be participating as an outside expert in the committee evaluating the research and development work recommended in the Institute of Medicine's 1999 report, Assessment of Future Scientific Needs for Live Variola Virus.
Northrop Grumman Corp.
Northrop Grumman Receives $120 Million Order to Supply LITENING Gen 4 Targeting Sensor Systems
ROLLING MEADOWS, Ill., Sept. 25, 2008 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE:NOC) has received a $120 million contract order for delivery of LITENING Gen 4 targeting and sensor systems and related equipment to support the Air National Guard, Air Force Reserve Command and the U.S. Marine Corps. The order was the first Gen 4 award under an indefinite delivery/indefinite quantity contract by the 647th Aeronautical Systems Squadron, Wright-Patterson Air Force Base, as the executive agent for LITENING systems.