Robins seeks bankruptcy shelter over Dalkon Shield claims
A.H. Robins Co filed for bankruptcy to shield itself from 5 100 pending birth control device lawsuits after already paying 378.3 million to settle 9 230 claims. Lawyers differ on impact, with some claiming it accelerates settlements and others calling it unjustified. Experts compare to Manville asbestos cases and warn of the broader use of bankruptcy to cap product liability losses.
MENTIONED IN THIS ARTICLE
Richmond, Va
A.H. Robins Co
Victor Schwartz
Schwartz
Robins
Bank
Bradley Post
Wichita
Kan
Robert Manchester
Burlington, Vt
U.S
Robert R. Merhige Jr
Manville Corp
Manville
New York City
University of Virginia Law
Jeffrey O'Connell
O'Connell
Denver
United States
Paul Rheingold
Washington, D.C
Calkon Shield
Mannville
Rheingold
Analysts blame AT and T breakup for 24000 job cuts
New York AP reports analysts say AT&T’s 1984 forced breakup triggered massive redundancies as the firm spins off Bell units and sheds about 24 thousand positions. Experts note a leaner structure and less demand for installation and maintenance staff as customers move away from leased equipment and toward self service.
MENTIONED IN THIS ARTICLE
New York
American Telephone & Telegraph Co
Maria F. Sbrilli
Smith Barney
Harris Upham
Ms. Shrilli
At&t
PSFS Nods 215 Million in EPIC Securities
PSFS says potential losses are small if Equity Programs Investment Corp. based EPIC faces default on 215 million in mortgage backed securities sold to PSFS in 1982 and 1983. PSFS holds about 200 million in mortgage pass through certificates and 15 million in first mortgage loans secured by EPIC partnerships.
MENTIONED IN THIS ARTICLE
Philadelphia
PSFS
Savings and Loan Association
Equity Programs Investment Corp
Community Savings and Loan Association of
Bethesda
Washington
Maryland
Harry Hughes
Ron Gurczynski
Philadelphia Saving Fund Society
Epic-Syndicated
Fay to speak at women’s dinner in Fredericktown
George-Ann Fay of Fay Associates will keynote the Fredericktown Charter Chapter ABWA meeting on Aug 27 at Holly Hills Country Club. She will discuss entrepreneurship and intrapreneurship. Alexa Masser and Margaret Eisenhower will share career stories. Dinner is $8 with reservations required. call listed numbers to book.
MENTIONED IN THIS ARTICLE
George-Ann Fay
Fredericktown
American Business Woman's Association
ABWA
Alexa Masser
Margaret Eisenhower
Holly Hills Country Club
FCC Offers Two New Non credit Courses
Frederick Community College continuing education adds Electronic Drafting I starting September 19 meeting Tuesdays and Thursdays 6 30 to 9 30 for 12 weeks tuition 127 instructor Cal Sturdivant and Industrial Maintenance Temperature Controls I starting September 18 meeting Wednesdays 6 30 to 9 30 for 10 weeks tuition 53 book not included instructor Dave Auguste for more information call 694 1220
MENTIONED IN THIS ARTICLE
Frederick Community College
Cal Sturdivant
Input Business Machines
Dave Auguste
Honeywell Inc
Stocks tumble as market loses upturn momentum
New York trading ends with broad declines as the Dow falls 11.43 to 1318.10 and the transport average drops 9.71 to 686.23. Volume reaches 90.60 million shares while the NYSE composite slips 0.82 to 108.57, erasing most of a two session gain.
MENTIONED IN THIS ARTICLE
Dow Jones
London
Allg Py
ATT
Avemco
M Baltge
CSX Corp Clorox
ComSat
Con Data
Exxon
Fairchild Ind
F&m Bancorp
Genex
Hewl P
IBM
Kmart
Litton
Ys Lowes
Mack Trk Whinehad Marriott
MD Nail Corp
Baker Watts & Co
Frederick
NEW York
Dow Jones Transportation
Fed
New York Stock Exchange
Wall Street
Also Mentioned on This Page
Dalkon Shield
A.H. Robing Pharmaceutical Company
AP Laserphoto
Struc
Epic Securities
Ms. Fay
Fay Associates
National
Jane TV
Mary Ant Laumann
Mary Pendergast
FCC
Office of Continuing Education
Equity-Iii
Equity I
Executone Telephone Systems
the News
Teiday
Equitable Federal
Sue Krug
Francis Scott Key
IDEAL
Urbana Pike Frederick
GMAC
Silver Spring
Wash
D.C
Virginia Beach
Williamsburg
Myrtle Beach
S.C
Charleston
W. VA
Pittsburgh
New York, N.Y
Norfolk
Cleveland
Ohio
Richmond
Greyhound
Infa
FCNB
FDIC
Frederick County National Bank
North Market
Rosemont Ave
Patrick St
Thomas Johnsop
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