AT&T, Franklin Settle Suit; Greg Evans of Connect America Pleads Guilty for Crimes Against AT&T.WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Dec. 17, 1998-- Franklin Telecom (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:FTEL FTEL Fujitsu Telecommunications Europe Ltd. ) Thursday announced that long distance carrier AT&T and Franklin amicably settled the civil lawsuit between them and it is being dismissed by the court. Terms of the settlement are confidential and prevent Franklin from disclosing details, including whether or not anything was paid by either party as part of the settlement. Greg Evans
Greg Evans (born 1947) is an American cartoonist and the creator of the syndicated comic strip Luann. , Connect America's president, recently pleaded guilty in the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for crimes committed against AT&T. Those crimes are the focus of AT&T's civil lawsuit and Franklin expects the lawsuit to continue in relation to parties other than Franklin. Frank Peters, Franklin's chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "I am very pleased this 2-year-old dispute is finished. We now have cleared the legal `deck' so we can steam full speed ahead. We are extremely pleased the case ended in this fashion, and long before trial." The primary business of Franklin Telecom, founded in 1981, is the design and manufacturing of communications devices, high speed LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. , WAN, Telco and Satellite Systems and software. Franklin customers have installed more than 100,000 nodes worldwide. Franklin's Internet subsidiary FNet provides Voice over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. global Telco services. Certain statements in this news release constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance or achievements, expressed or implied by such forward-looking statements. For additional information about this announcement, visit the Officer's Message page at Franklin's Web Site: www.ftel.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion