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December 31, 2009

Judge tosses Blackwater case, cites gov’t missteps

WASHINGTON — A federal judge dismissed all charges Thursday against five Blackwater Worldwide security guards accused of killing unarmed Iraqi civilians in a crowded Baghdad intersection in 2007.

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RBS Citizens Bank Enters Into License Agreement With LML

VANCOUVER, British Columbia, Dec. 31, 2009 (GLOBE NEWSWIRE) — LML Patent Corp. (”LML”), a wholly-owned, indirect subsidiary of LML Payment Systems Inc. (the “Corporation”) (Nasdaq:LMLP) announced today that RBS Citizens Bank N.A. (”RBS”) has entered into a Settlement and License Agreement (the “Agreement”) with respect to litigation filed by LML in the US District Court for the Eastern District of Texas alleging that RBS infringed U.S. Patent No. RE40220.

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Wis. attorney general joins fight against carp

MADISON, Wis. — Wisconsin Attorney General J.B. Van Hollen is joining the effort to keep Asian carp out of the Great Lakes.

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Wis. attorney general joins fight against carp

MADISON, Wis. — Wisconsin Attorney General J.B. Van Hollen is joining the effort to keep Asian carp out of the Great Lakes.

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December 30, 2009

Alexandria and Arlington community events, Dec. 31-Jan. 7


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Alexandria and Arlington community events, Dec. 31-Jan. 7


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Schering, Warrick Pay $69M To Calif., Whistle-Blower To Resolve Drug Price Case

BOSTON - Schering-Plough Corp. and Warrick Pharmaceutical Corp. have agreed to settle an average wholesale price whistle-blower case for $69 million, the California attorney general’s office announced Dec. 17 (State of California, ex rel. Ven-A-Care of the Florida Keys Inc. v. Abbott Laboratories Inc., et al., No. 03-11226, D. Mass.).
Full story on lexis.com

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Levi & Korsinsky, LLP Investigates Tender Offer to Acquire Sauer-Danfoss Inc.

NEW YORK, Dec. 30, 2009 (GLOBE NEWSWIRE) — Levi & Korsinsky is investigating potential claims on behalf of the shareholders of Sauer-Danfoss Inc. (”Sauer-Danfoss” or the “Company”) (NYSE:SHS) arising out of the announcement that Danfoss A/S (”Danfoss”) intends to launch a cash tender offer for all of the outstanding shares of common stock of Sauer-Danfoss not already owned by Danfoss and its subsidiaries. Danfoss and its subsidiaries currently own a stake of approximately 75.7% in Sauer-Danfoss. Under the terms of the tender offer, Sauer-Danfoss shareholders are to receive $10.10 for each share of common stock they own. The investigation concerns whether the $10.10 offer is fair given that the offer price is only a negligible premium over the $9.90 price the Company’s shares traded at as recently as December 10, 2009.

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Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Merrimac Industries Inc.

NEW YORK, Dec. 30, 2009 (GLOBE NEWSWIRE) — Levi & Korsinsky is investigating the Board of Directors of Merrimac Industries Inc. (”Merrimac” or the “Company”) (AMEX:MRM) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Crane Co. (NYSE:CR) (”Crane”). Under the terms of the transaction, Merrimac shareholders will receive $16.00 in cash for each Meridian share of common stock they own for a total transaction value of approximately $52 million.

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Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of First Chester County Corp.

NEW YORK, Dec. 30, 2009 (GLOBE NEWSWIRE) — Levi & Korsinsky is investigating potential claims against the Board of Directors of First Chester County Corp. (”First Chester” or the “Company”) (Nasdaq:FCEC) in connection with the proposed sale of the Company to Tower Bancorp Inc. (”Tower”) (Nasdaq:TOBC). Under the terms of the transaction, First Chester shareholders are to receive 0.453 shares of Tower common stock for each First Chester share they own. Based on the closing price of Tower shares on December 24, 2009, the transaction values First Chester shares at $10.22 per share for a total transaction value of approximately $65 million. The exchange ratio is subject to upward or downward adjustment based on changes in loan delinquencies at First Chester.

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