Ameron International Corporation makes announcement.PASADENA, Calif.--(BUSINESS WIRE)--July 11, 1996--Ameron International Corporation (NYSE NYSE See: New York Stock Exchange :AMN Amn abbr. airman ) announced today that a federal district court jury in Los Angeles reached a verdict against Ameron in a dispute concerning license rights related to retractable double-containment piping for underground fuel-handling applications. Ameron disagrees with the jury's findings and is evaluating its options for appeal. Ameron does not expect the jury's verdict to have a financial impact on continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the . The company has not marketed products with the disputed retractable feature. The company continues to offer an extensive line of fiberglass pipe products for the fuel-handling market. Since the commencement of the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , Ameron has successfully introduced to market a coaxial product line that does not require retractability. CONTACT: Ameron International Corporation, Pasadena Gary Wagner, 818/683-4000 |
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