SFVBJ online: selected news published on sfvbj.com.

The following are some of the stories published in the last two weeks on the Business Journal Web site (sfvbj.com), which is updated with the latest news on a daily basis.

Image Lawsuit: Lions Gate Entertainment Corp. has filed a lawsuit seeking to ensure that Chatsworth-based Image Entertainment, Inc. puts its entire board of directors up for re-election at the company's next annual meeting. Lions Gate, an independent film distributor, is contemplating putting up its own slate of directors when Image's annual meeting takes place in September. The lawsuit, filed in Delaware State Chancery Court on March 14, also seeks to set a time period during which notice must be given of a stockholder's intent to nominate candidates for director. Lions Gate, based in Santa Monica, holds 19 percent of Image stock making it the second largest stockholder of the video and music distribution company. Lions Gate attempted an acquisition of Image last fall but the offer was rejected by Image's board of directors.

Revised Expectations: Power-One Inc., a power conversion product manufacturer in Camarillo, revised its first-quarter revenue outlook due to a contract manufacturer's supply shortages. Revenues for the first quarter of 2006 are expected to be anywhere from $61 million to $64 million, below previous expectations of $65 million to $68 million. Power-One said that approximately $4 million of expected fourth-quarter sales will roll over into the second quarter. The company is anticipating sales will range from $70 million to $75 million for the second quarter.

World's Richest: In its annual listing of the World's Richest People, Forbes magazine named San Fernando Valley Businessmen Roy E. Disney and Alfred Mann. Mann, 80, is worth $2.1 billion. He is involved in companies that make pacemakers, insulin pumps, cochlear implants, neurostimulators and other products. His latest company, Valencia-based MannKind, is developing inhaled insulin. Disney, 76, is worth $1.2 billion. He holds a director emeritus status at Walt Disney Co., where he worked over the decades as a film editor, writer and producer. His private investment company, Shamrock Holdings, has $2.8 billion in assets under management.