Key Developments For Insignia Systems Inc
Insignia Systems Inc (ISIG.O) (Consolidated Issue listed on NASDAQ Capital Market)
Insignia Systems, Inc.'s Monopolization Case Against News America Marketing In-Store To Proceed To Trial
Insignia Systems, Inc. announced that Judge John Tunheim of the United States District Court for the District of Minnesota ruled on the Cross Summary Judgment Motions by Insignia Systems, Inc. and News America Marketing In-Store (NAM). The Court denied NAM's motions to dismiss Insignia's allegations of monopolization, conspiracy and false advertising against NAM. In the same Order, the Court granted the motions of Insignia and CEO Scott Drill to dismiss allegations that Insignia had interfered with NAM's contracts and that Drill and Insignia had disparaged NAM. By denying NAM's Motion, the Court has set the stage for a trial on Insignia's antitrust and unfair-competition claims, which include violations of the Sherman and Clayton Antitrust Acts, the Lanham Act, and those statutes' counterparts in Minnesota state law. Insignia claims that NAM monopolized markets for in-store advertising, that NAM's exclusive contracts unreasonably restrained trade, that NAM conspired with others to restrain trade, and that NAM misled consumer goods manufacturers about the quality of Insignia's services. In other parts of the order, the Court also granted Insignia's motion to compel production of material used by NAM's experts in the separate Valassis litigation against NAM, denied NAM's request to exclude the testimony of witnesses from the case, and granted NAM's Motion for Summary Judgment on the issue of whether it possessed market power over retailers.
Insignia Systems, Inc.'s Board Of Directors Approves Stock Repurchase Plan
Insignia Systems, Inc. announced that its Board of Directors has approved the repurchase of up to an aggregate of $2 million of its Common Stock. Under the repurchase plan, any shares repurchased must be purchased on or before July 31, 2009. The plan calls for the repurchases to be made in open market or privately negotiated transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, subject to market and business conditions, applicable legal requirements and other factors. Repurchased shares will become authorized but unissued shares. The plan does not obligate the Company to purchase any particular number of shares, and may be suspended at any time at the Company's discretion in accordance with Rule 10b-18.
Insignia Systems, Inc. Comments Q1 2007 Earnings Guidance
Insignia Systems, Inc. announced that for the first quarter of 2007, it expects to be profitable.
Insignia Systems, Inc. Comments On Q4 2006 Earnings Guidance
Insignia Systems, Inc. announced that for the fourth quarter of 2006, it expects to be profitable.
Insignia Systems, Inc. Comments On Q3 2006 Earnings Guidance
Insignia Systems, Inc. announced that for the third quarter of 2006, it expects to be profitable.
