Court Authorizes Insignia to Move Forward with Its Antitrust Suit against News America and Albertson's.MINNEAPOLIS -- Insignia Systems, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ISIG ISIG Internet Special Interest Group (BCS) ) announced that the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for Minnesota issued an order this morning denying News America Marketing In-Store, Inc. and Albertson's Inc. amended motions to dismiss Insignia Systems, Inc. antitrust lawsuit alleging a boycott and exclusive dealing by News America and Albertson's and monopolization mo·nop·o·lize tr.v. mo·nop·o·lized, mo·nop·o·liz·ing, mo·nop·o·liz·es 1. To acquire or maintain a monopoly of. 2. To dominate by excluding others: monopolized the conversation. , attempt to monopolize mo·nop·o·lize tr.v. mo·nop·o·lized, mo·nop·o·liz·ing, mo·nop·o·liz·es 1. To acquire or maintain a monopoly of. 2. To dominate by excluding others: monopolized the conversation. and false advertising by News America. The Court found Insignia had sufficiently alleged a "common scheme" between News America and retailers and among retailers to let the boycott and exclusive dealing claims proceed in Court. In addition, the Court found Insignia had adequately alleged market power by News America in the in-store advertising and promotion market to permit Insignia's monopolization and attempt to monopolize claims to proceed in Court. The Court also ruled that Insignia's false advertising claims against News America were sufficiently alleged to move to discovery. "This decision allows Insignia to proceed with this critical 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. ," said Scott Drill, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , of Insignia. "We are pleased the Court has seen fit to allow this litigation to proceed," Drill said. Insignia Systems, Inc. is an innovative developer and marketer of in-store advertising products, programs and services to retailers and consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and manufacturers. Through its Point-Of-Purchase Services (POPS) business, Insignia is contracted with more than 12,000 chain retail supermarkets and drug stores, including A&P, Kroger, Pathmark, Safeway and Rite Aid. Through the nationwide POPS network, over 190 major consumer goods manufacturers, including General Mills, Kellogg Company, Nestle, Pfizer, Reckitt Benckiser, Inc., S.C. Johnson & Son and Tyson Foods, have taken their brand messages to the point-of-purchase. For additional information, contact 888-474-7677, or visit the Insignia POPS Web site at www.insigniapops.com. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements. The Company's actual results could differ materially from these forward-looking statements as a result of a number of factors, including risks and uncertainties as described in the Company's SEC Form 10-K for the year ended December 31, 2005 and SEC Form 10-Q for the quarter ended March 31, 2006. The Company wishes to caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. |
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