Navigation Links
Herley Announces Settlement Agreement with U.S. Government
Date:5/5/2008

ent's request, dismissed all of the charges against him in the indictment and the Government filed a Superseding Information charging Mr. Blatt with a misdemeanor violation of the tax code in a single count, and Mr. Blatt has entered a guilty plea for failing to keep Company records of the allocation of an $18,000 corporate research expense. Mr. Blatt has been fined $25,000, has received a term of probation of one year and is required to perform some community service.

The Company is presently a party to an administrative agreement dated October 12, 2006, as amended on August 14, 2007, ("the Agreement") with the Department of the Navy, Acquisition Integrity Office. Subject to the terms and conditions set forth in the Agreement, the Navy, on behalf of the Department of Defense, agreed to terminate Herley's suspension and not to debar Herley based upon the facts and causes leading to the suspension. The Company has advised the Navy about the terms and conditions of the Court approved settlement for the criminal and civil matters mentioned above, and the Navy, through the Acquisition Integrity Office, has advised Herley that no action will be taken to suspend or debar Herley based on this settlement.

Commenting on this settlement, Myron Levy, Chairman and CEO of the Company stated, "We believe this settlement to be in our best interests. It is anticipated that the trial of the criminal matter would have been between two to three months and the trial of the Justice Department's civil action would have been a similar time period. The legal fees, for both trials, have been estimated to be in excess of the settlement amount. The U.S. Government's actions also have been a time-consuming, substantial distraction to management. We are optimistic that with these proceedings finally resolved, we can now look forward to resuming our previously successful performance record without the challenging impediments resulting from the U.S. Government's actions."

Her
'/>"/>

SOURCE Herley Industries, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine news :

1. Herley Awarded $1 Million in Awards for Integrated Microwave Assemblies for U.S. Military Aircraft
2. Herley Reports Second Quarter Results
3. Herley Industries, Inc. Second Quarter Earnings Release and Conference Call Notice
4. Herley Industries Announces the Passing of Its Former President
5. Herley Industries, Inc. Receives a $5 Million Award from EDO for Electronic Components for IEDs
6. Herley Reports 4th Quarter and Year-End Results
7. Lumenis Announces changes in Lumenis Vision Strategic Business Unit
8. Authentidate Holding Corp. Announces Results From Annual Meeting of Stockholders
9. Osteotech Announces the Unexpected Passing of Audit Committee Member Leads to Receipt of Nasdaq Deficiency Letter
10. Lifetime Television Proudly Announces October Marquee Event Original Movie, Living Proof Starring Emmy(R) and Grammy(R) Award Winner Harry Connick, Jr.
11. Hear Indiana Announces Talk*Walk*Run 2008
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/4/2015)... 04, 2015 World T.E.A.M. Sports’ best-attended ... ride in the last decade arrived in this historic ... in two days from the Pentagon in Arlington, Virginia. ... registered disabled and able-bodied participants work together to successfully ... and honors the commitment and sacrifices by military veterans ...
(Date:5/4/2015)... 04, 2015 “ Food Cost Calculator ” ... which takes a look at the latest and coolest applications ... the host of AppWatch and technology expert, conducted the app ... owners to manage and efficiently calculate food costs. , The ... In fact, the industry has an estimated 1.8 trillion dollar ...
(Date:5/4/2015)... 04, 2015 Peacock Alley knows ... He said, “My mother was the most beautiful woman I ... in lovely, feminine prints and textures to remind ... further than the Eloise Robe to get you there. The ... cap sleeve and tapered waist. It is available in small/medium ...
(Date:5/4/2015)... Sara Soulati, CEO of Global Cardio ... Los Angeles associated with the field of Enhanced External ... Sara Soulati Health For Life Program (SSHFLP). , The ... modification and disease prevention program. A provisional patent ... Patents and Trademarks Office and is now under review ...
(Date:5/3/2015)... May 03, 2015 Women’s Excellence ... Facebook page. , Their Facebook page consists ... services the Practice has, it’s multiple locations, Providers and ... Excellence has a very strong social media presence, with ... You Tube. , Women’s Excellence is the most ...
Breaking Medicine News(10 mins):Health News:Gettysburg Welcomes Arriving Face of America Riders with Gala Celebration 2Health News:Gettysburg Welcomes Arriving Face of America Riders with Gala Celebration 3Health News:Gettysburg Welcomes Arriving Face of America Riders with Gala Celebration 4Health News:An Application to Manage a Successful Restaurant Was Featured on NewsWatch Television 2Health News:Feminine Classics for Mother's Day Gifts from Peacock Alley 2Health News:CEO Sara Soulati Announces Patent-Pending Designation For The Sara Soulati Health For Life Program 2
... TV/Channel 7 and The,Detroit Department of Health and Wellness ... "boost" at the 31st annual "HEALTHY LIVING,FOR KIDS" program. ... 24,2008 from 10 a.m. to 5 p.m. at the ... inception in 1977, "Healthy Living for Kids",has provided free ...
... -- Tianyin,Pharmaceutical, Co., Inc. (OTC Bulletin Board: TYNP, ... medicine ("TCM") based in,Chengdu, China, today announced that ... OTC BB: TYNPE due to the electronic eligibility,system ... and the Company expects the,stock symbol to trade ...
... Fourteen physicians who have been,part of Commonwealth Medical ... and service they provide to their patients by joining ... and we are delighted they,have decided to join our ... officer. "We look forward to working with,them to support ...
... Aug. 20 Governor Edward,G. Rendell today said ... and a broken healthcare system, underscoring the need,to ... more,affordable for working adults., Nearly 900 guests ... & Industry Day Luncheon at Ag Progress Days, ...
... traitors, good cells gone bad. They evade the body,s defense ... , But researchers at the University of North Carolina at ... way to blow their cover. , Moo J. Cho, Ph.D., ... system that would embed bacterial elements in a cancer tumor ...
... found that infusions of a particular bone marrow stem ... in a mouse model. In their report published ... from the MGH Center for Engineering in Medicine report ... immune system activities, allowed the regeneration of the gastrointestinal ...
Cached Medicine News:Health News:WXYZ-TV/Channel 7 is 'On Your Side' With Healthy Living For Kids; Free Immunizations for Children on Sunday, August 24 at Charles H. Wright Museum of African American History 2Health News:WXYZ-TV/Channel 7 is 'On Your Side' With Healthy Living For Kids; Free Immunizations for Children on Sunday, August 24 at Charles H. Wright Museum of African American History 3Health News:Tianyin Pharmaceutical Co., Inc. Announces Trading Symbol Error and Correction 2Health News:Commonwealth Medical Group Physicians to Join Aurora Health Care 2Health News:Pennsylvania Governor Rendell Highlights Renewable Energy, Health Care Reform at Ag Progress Days 2Health News:UNC researcher aims to 'unmask' cancer cells to trigger body's immune system 2Health News:Bone marrow stem cells may help control inflammatory bowel disease 2Health News:Bone marrow stem cells may help control inflammatory bowel disease 3
(Date:5/4/2015)... Md. , May 4, 2015   Synthetic ... pathogen-specific therapeutics focused on protecting the microbiome, as well ... has been appointed Chief Financial Officer, Treasurer and ... Evan Ballantyne who will be leaving the Company ... Shallcross brings to Synthetic Biologics operational, financial and international ...
(Date:5/4/2015)... and COLUMBIA, Maryland , May ... SHP, NASDAQ: SHPG ) and the Foundation Fighting ... research for a novel treatment for autosomal dominant retinitis ... occurs in late childhood or adolescence and is followed ... no currently approved treatment options for adRP. ...
(Date:5/4/2015)... , le 4 mai 2015  Lors du ... /Allemagne (hall 5, stand 5510), North Star Imaging ... système à rayons X spécialement conçu pour la ... sur les rayons X, la CXMM 50, a ... système de métrologie destiné à offrir à l,utilisateur ...
Breaking Medicine Technology:Steven Shallcross Named Chief Financial Officer of Synthetic Biologics 2Steven Shallcross Named Chief Financial Officer of Synthetic Biologics 3Shire and Foundation Fighting Blindness Announce New Research Agreement 2Shire and Foundation Fighting Blindness Announce New Research Agreement 3NSI sera présente lors du salon Control 2015, du 5 au 8 mai à Stuttgart, en Allemagne : axer la GMAO vers une nouvelle dimension 2
... Quest Diagnostics Incorporated (NYSE: DGX ), the ... announced the availability in Europe of the Simplexa C. ... The new CE marked in vitro diagnostic (IVD) ... traditional extraction step and allowing for processing of up to ...
... 2011 Bacterin International Holdings, Inc. ("Bacterin") ... developer of revolutionary bone graft material and antimicrobial coatings ... distribution of the Company,s third human acellular biological scaffold, ... hMatrix® is an acellular matrix processed from donated human ...
Cached Medicine Technology:Quest Diagnostics Launches Simplexa™ C. Difficile Universal Direct Test in Europe 2Quest Diagnostics Launches Simplexa™ C. Difficile Universal Direct Test in Europe 3Quest Diagnostics Launches Simplexa™ C. Difficile Universal Direct Test in Europe 4Bacterin International Holdings Launches Third Biologic Scaffold 2Bacterin International Holdings Launches Third Biologic Scaffold 3
... bed side and near patient testing is ... growth has posed unique problems for hospitals ... quality responsibility to decentralized areas focused on ... the problem is the reality of controlling ...
... The GenoSensor System includes genomic ... software, and reagents. By utilizing ... (CGH) technology for multi-target assessment, ... analyze multiple genomic targets in ...
... The CELL-DYN 3700 combines optical light ... Polarized Scatter Separation (MAPSS) to fully ... to improve performance and productivity in ... the revolutionary concept of complementary technologies ...
... Data Networking is hospital bedside glucose ... networking. In seconds, point of care ... from nursing stations throughout the hospital ... available to laboratory staff and the ...
Medicine Products: