American Vanguard and FMC Corporation Reach a Comprehensive Settlement.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- American Vanguard Corporation (AMEX AMEX See: American Stock Exchange :AVD AvD Automobilclub von Deutschland (German automobile club) AVD Academy of Veterinary Dentistry AVD Audio Video Design (Melbourne, FL) AVD Audio Video Data AVD Association des Volontaires pour le Développement ), today announced that its subsidiary, AMVAC Chemical Corporation, and FMC See fixed mobile convergence. Corporation have reached a comprehensive settlement of the following pending lawsuits: AMVAC CHEMICAL CORP. vs. FMC CORP., Case number SACV 05-511 AHS (United States District Court/Central District of California) -and- FMC CORP. vs. AMVAC CHEMICAL CORPORATION, Case number: 05 CV 2593 (United States District Court /District of Pennsylvania) Any dispute regarding the past and continued use of AMVAC's Bifenthrin labels has been resolved. In the settlement, neither party admitted any wrongdoing wrong·do·er n. One who does wrong, especially morally or ethically. wrong  do or
liability and the parties will request that the courts dismiss the
pending actions in their entirety.About American Vanguard American Vanguard Corporation is a diversified specialty and agricultural products company that develops and markets products for crop protection and management, turf and ornamentals management and public and animal health. The Company's basic strategy is to acquire brand name, niche product lines from larger companies that divest To deprive or take away. Divest is usually used in reference to the relinquishment of authority, power, property, or title. If, for example, an individual is disinherited, he or she is divested of the right to inherit money. mature products to focus on newly discovered molecules. During 2005, American Vanguard was recognized as one of BusinessWeek's Hot Growth Companies (#72) and FORTUNE Small Business' America's 100 Fastest Growing Small Companies (#40). American Vanguard is included on the Russell 2000(R) and Russell(R) 3000 Indexes. To learn more about American Vanguard, please reference the Company's web site at www.american-vanguard.com. The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are estimates by the Company's management and are subject to various risks and uncertainties that may cause results to differ from management's current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed from time-to-time in the Company's SEC reports and filings. All forward-looking statements, if any, in this release represent the Company's judgment as of the date of this release. |
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