Bairnco Corporation Reports Dismissal of 'Transactions Lawsuit' Against Bairnco Affirmed
12 April 2004 - 4:26PM
PR Newswire (US)
Bairnco Corporation Reports Dismissal of 'Transactions Lawsuit'
Against Bairnco Affirmed LAKE MARY, Fla., April 12
/PRNewswire-FirstCall/ -- Bairnco Corporation today reported that
late on Friday afternoon, April 9, the U.S. Court of Appeals for
the Second Circuit affirmed the U.S. District Court's decisions
dismissing, in its entirety, the Transactions Lawsuit against
Bairnco and all the other defendants. The Court of Appeals affirmed
what it described as the District Court's "thoughtful and thorough
decisions" dismissing the lawsuit. A Bairnco spokesperson said that
the Company was very pleased with the ruling. The NOL Lawsuit was
not addressed in these rulings, and that case is still pending.
Bairnco Corporation is a diversified multinational company that
operates two distinct businesses -- Arlon and Kasco. Arlon's
principal products include high technology materials for the
printed circuit board industry, cast and calendered vinyl film
systems, custom engineered laminates and pressure sensitive
adhesive systems, and special silicone rubber compounds and
components. Kasco's principal products include replacement band saw
blades for cutting meat, fish, wood and metal, and on-site
maintenance services for the retailfood industry primarily in the
meat and deli departments. Kasco also distributes equipment to the
food industry in Canada and France. DATASOURCE: Bairnco Corporation
CONTACT: Bairnco Corporation, +1-407-875-2222 Web site:
http://www.bairnco.com/
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