Bairnco Corporation Reports Denial of Plaintiffs' Petition for Rehearing in 'Transactions Lawsuit' Against Bairnco
21 Mai 2004 - 11:14PM
PR Newswire (US)
Bairnco Corporation Reports Denial of Plaintiffs' Petition for
Rehearing in 'Transactions Lawsuit' Against Bairnco LAKE MARY,
Fla., May 21 /PRNewswire-FirstCall/ -- Bairnco Corporation today
reported that on May 18, the U.S. Court of Appeals for the Second
Circuit denied the plaintiffs' motion for rehearing of its April 9,
2004 decision that affirmed the U.S. District Court's decisions
dismissing, in its entirety, the Transactions Lawsuit against
Bairnco and all the other defendants. 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 retail food industry primarily in the
meat and deli departments. Kasco also distributes equipment to the
food industry in Canada and France. DATASOURCE: Bairnco Corporation
CONTACT: Larry C. Maingot, Bairnco Corporation, +1-407-875-2222,
ext. 230 Web site: http://www.bairnco.com/
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