Business Journal Publications Inc. corrects erroneous article.PHOENIX--(BUSINESS WIRE)--Feb. 24, 1997-- Armen Ervanian drops libel libel 1) n. to publish in print (including pictures), writing or broadcast through radio, television or film, an untruth about another which will do harm to that person or his/her reputation, by tending to bring the target into ridicule, hatred, scorn or contempt of lawsuit after The Business Journal prints correction; apology Phoenix businessman Armen Ervanian has dropped a civil action libel suit against Business Journal Publications, Inc., a Florida corporation and owner of The Business Journal, after the publication printed a correction and apologized for an incorrect article that appeared last year. In the correction, The Business Journal stated: "In a Nov. 22, 1996, column written by Martha Netherton, The Business Journal incorrectly reported that a document outlining conditions for the sale of the Viad Tower calls for Viad Corp official Armen Ervanian to be retained as a consultant by any buyer for $250,000 per hear for 15 years. "We have discovered the document calls for Viad, and not Ervanian personally, to be retained as a building management consultant, so long as Viad continues to occupy the building as its corporate headquarters. We and Ms. Netherton regret the error. We apologize for any embarrassment to Armen Ervanian caused by the erroneous article, and any inference that Mr. Ervanian's involvement was other than ethical." Ervanian said he is pleased that The Business Journal admitted its mistake and printed the correction. "The primary intent of the lawsuit was to call attention to this matter and to have The Business Journal admit its mistake," Ervanian said. "Now that this is happened, I am happy to put the matter to rest." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Harry J. Cavanagh of O'Connor, Cavanagh, Anderson, Killingsworth & Beshears, the law firm representing Ervanian, the printed correction ends what could have been a rather lengthy court battle. "A case like this would likely have taken months to complete," Cavanagh said. "We are appreciative of the cooperation of The Business Journal management to settle this matter." Ervanian is vice president real estate/business resources for Viad Corp, as well as president and chief executive officer of its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Viad Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Corporation. He has been with Viad Corp (formerly The Dial Corp) since 1966. A prominent and reputable member of the Phoenix business community for more than 25 years, Ervanian's professional affiliations include a past directorship of the National Association of Corporate Real Estate Executives (NACORE NACORE National Association of Corporate Real Estate Executives NACORE National Association of Commercial Office Real Estate Executives ); past director of the International Development Research Council, an organization of corporate real estate and facility planning executives; and a member of the Urban Land Institute, the International Real Estate Institute and Lambda Alpha International, an honorary land economic society. His past and present community affiliations include serving on the board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. for the Barrow barrow, in archaeology barrow, in archaeology, a burial mound. Earth and stone or timber are the usual construction materials; in parts of SE Asia stone and brick have entirely replaced earth. A barrow built primarily of stone is often called a cairn. Neurological neurological, neurologic pertaining to or emanating from the nervous system or from neurology. neurological assessment evaluation of the health status of a patient with a nervous system disorder or dysfunction. Foundation; founder and chairman of the Central Avenue Association, a part of the Phoenix Community Alliance; vice chairman of the Phoenix Community Alliance, chairman of the Phoenix Planning Commission Noun 1. planning commission - a commission delegated to propose plans for future activities and developments commission, committee - a special group delegated to consider some matter; "a committee is a group that keeps minutes and loses hours" - Milton Berle ; Phoenix Chamber of Commerce board of directors; John C. Lincoln Hospital board of directors; Phoenix Theatre board of directors; and Valley Forward board of directors. He is a Phoenix resident. CONTACT: O'Connor, Cavanagh, Anderson, Killingsworth & Beshears Harry J. Cavanagh, 602/263-2400 |
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