CE Software Holdings Inc. Files Acquisition-Related Lawsuit.WEST DES MOINES West Des Moines (də moin`), city (1990 pop. 31,702), Polk co., S central Iowa, a growing suburb W of Des Moines; inc. 1893 as Valley Junction, renamed 1938. Products manufactured there include cement, metal items, and pumps. , Iowa--(BUSINESS WIRE)--Feb. 26, 1996--CE Software Holdings Inc., which in May 1994 acquired substantially all of the assets of Powercore Inc., Manteno, Illinois Manteno is a village in Kankakee County, Illinois, United States. The population was 8,200 at the 2006 census. It is included in the Combined Statistical Area for Chicago. General Information Manteno, Illinois is located approximately 40 miles south of Chicago's loop. today announced that the company has filed a lawsuit against Powercore Inc. and certain of its officers and shareholders for damages in conjunction with the purchase. The suit alleges actual damages Noun 1. actual damages - (law) compensation for losses that can readily be proven to have occurred and for which the injured party has the right to be compensated compensatory damages, general damages in excess of $7 million and punitive damages Monetary compensation awarded to an injured party that goes beyond that which is necessary to compensate the individual for losses and that is intended to punish the wrongdoer. of $25 million. The suit was filed Thursday, Feb. 22, 1996 in the U.S. District Court for the Northern District of Illinois, Eastern Division. Although management believes that the lawsuit is meritorious, no assurance can be given that the liability will be established or that damages of the claimed amount, or in any amount, will be established or collected. The Company does not intend to update the information contained herein with respect to material developments in 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. and the absence of further public announcements regarding the litigation should not be assumed to imply that no material developments have occurred. CE Software Inc. Established in 1981, CE Software Inc. (NASDAQ/NM Symbol CESH) develops and markets electronic mail, Internet, scheduling and workgroup applications software for Macintosh, Windows and DOS environments. For more information contact, CE Software Inc. 1801 Industrial Circle, West Des Moines, Iowa West Des Moines is a city in Polk, Dallas, and Warren counties in the U.S. state of Iowa. As of the 2000 census, the city population was 46,403; a special census taken in the spring of 2005 counted 51,744 residents. 50265. Phone 800/523-7638 inside the United States. Outside the United States call 515/221-1801. The company also maintains a home page on the World Wide Web at http://www.cesoft.com. -0- Copyright 1996 CE Software Inc. All rights reserved. CE Software is a trademark of CE Software Inc. CONTACT: CE Software Inc. Curt Lack, 515/221-2114 curtis_lack@cesoft.com |
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