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BRIEFCASE HUD ANNOUNCES GRANTS RELEASE.


Byline: - Staff and Wire Services

The U.S. Department of Housing and Urban Development announced $20.8 million in down-payment grants Wednesday for first-time homebuyers in 10 Southern California cities.

The American Dream Downpayment Initiative will give first-time homebuyers assistance grants of up to $10,000, or 6 percent of the home's purchase price, whichever is greater.

About $3.4 million was earmarked for Los Angeles, $415,657 for Long Beach, $248,144 for Anaheim and $173,356 for Glendale, according to HUD Hud (hd), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God. .

Pasadena, Inglewood, Garden Grove, Hawthorne, Fullerton and Huntington Beach will receive anywhere from $50,000 to $97,000.

Lawsuit settled over movie rights

A lawsuit filed by several major movie studios against three men for allegedly selling classic-movie ``rights'' to South Korean broadcasters was resolved, according to court documents filed Wednesday.

In May 2003, Warner Bros BROS Brothers
BROS Benefits and Retirement Operations Section (King County, Washington)
BROS Barnes and Richmond Operatic Society (London, UK) 
., MGM MGM
 in full Metro-Goldwyn-Mayer, Inc.

U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925.
, Columbia Pictures and Paramount Pictures, among others, sued Marv & Mark Enterprises and owners Marvin, Mark and Norman Goodman.

According to the allegations in the Los Angeles Superior Court lawsuit, the Goodmans made money by selling ``rights'' to such movies as ``Rosemary's Baby,'' ``The Fugitive,'' ``Birdy'' and ``An Officer and a Gentleman,'' notwithstanding their ``utter lack of rights to the motion pictures.''

The case was settled April 29, and the notice of settlement was entered with the court Wednesday, a court official said. Neither side immediately responded to requests for comment.

Drug firm charged with Paxil fraud

NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 - GlaxoSmithKline PLC committed fraud by withholding negative information and misrepresenting data on prescribing its antidepressant antidepressant, any of a wide range of drugs used to treat psychic depression. They are given to elevate mood, counter suicidal thoughts, and increase the effectiveness of psychotherapy.  Paxil to children, according to a lawsuit filed Wednesday by New York Attorney General Eliot Spitzer.

The lawsuit highlights two pharmaceutical and medical controversies: whether antidepressants Antidepressants
Medications prescribed to relieve major depression. Classes of antidepressants include selective serotonin reuptake inhibitors (fluoxetine/Prozac, sertraline/Zoloft), tricyclics (amitriptyline/ Elavil), MAOIs (phenelzine/Nardil), and heterocyclics
 increase suicidal tendencies in children, and whether drug companies skew information on their products either by not publicizing all the studies conducted on medicines or editing information on published trials.

Glaxo spokeswoman Mary Anne Rhyne said the company ``acted responsibly in conducting the studies in pediatric patients and disseminating results. All of our studies have been made available to the (U.S. Food and Drug Administration) and regulators worldwide.''

HealthSouth CFO See Chief Financial Officer.  gets house arrest

BIRMINGHAM, Ala. - A former HealthSouth Corp. chief financial officer was sentenced Wednesday to six months of house arrest for his part in a multibillion-dollar accounting scandal at the chain of clinics.

Malcolm ``Tadd'' McVay was also given five years on probation, fined $10,000 and ordered to forfeit $50,000 in ill-gotten gains.

McVay said he was ``profoundly sorry'' and ``totally embarrassed'' as he begged for leniency le·ni·en·cy  
n. pl. le·ni·en·cies
1. The condition or quality of being lenient. See Synonyms at mercy.

2. A lenient act.

Noun 1.
.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Business
Publication:Daily News (Los Angeles, CA)
Date:Jun 3, 2004
Words:420
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