Catalina (NYSE:POS)
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From Jun 2019 to Jun 2024
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Catalina Marketing Corporation (NYSE:POS) today announced that it has
reached a memorandum of understanding to settle the pending and
consolidated shareholder class action lawsuit. The settlement, which is
on terms that do not adversely affect the company, involved no admission
of "liability" by the company or any of the current and former directors
and former officers named in the lawsuit. The settlement is subject to
various conditions including court approvals and other customary
conditions.
Frederick W. Beinecke, chairman of the board, commented, “We
are pleased to have taken this significant step towards concluding this
litigation. We look forward to having this matter behind us as we focus
on the future opportunities for our business.”
About Catalina Marketing Corporation
Based in St. Petersburg, FL, Catalina Marketing Corporation (www.catalinamarketing.com)
was founded over 20 years ago based on the premise that targeting
communications based on actual purchase behavior would generate more
effective consumer response. Today, Catalina Marketing combines
unparalleled insight into consumer behavior with dynamic consumer
access. This combination of insight and access provides marketers with
the ability to execute behavior-based marketing programs, ensuring that
the right consumer receives the right message at exactly the right time.
Catalina Marketing offers an array of behavior-based promotional
messaging, loyalty programs and direct-to-patient information.
Personally identifiable data that may be collected from the company's
targeted marketing programs, as well as its research programs, are never
sold or provided to any outside party without the express permission of
the consumer.
Certain statements in the preceding paragraphs are forward-looking,
and actual results may differ materially. Statements not based on
historic facts involve risks and uncertainties, including, but not
limited to, potential complications, hardware and software issues and
delays related to the schedule, installation and operation of color
printers, the effectiveness of color printers to increase sales and
redemption rates or provide a more effective advertising medium, the
changing market for promotional activities, especially as it relates to
policies and programs of packaged goods and pharmaceutical manufacturers
and retailers, government and regulatory statutes, rules, regulations
and policies, the effect of economic and competitive conditions and
seasonal variations, actual promotional activities and programs with the
company's customers, the pace of installation of the company's store
network including as it relates to the installation of color printers in
existing and future retail channels, the acceptance by the company's
manufacturer clients and retailers of color printers and related new and
additional terms and conditions, the success of new services and
businesses and the pace of their implementation, the company's ability
to maintain favorable client and retailer relationships, and the outcome
and impact of the pending shareholder class action and derivative
lawsuits.
Catalina Marketing Corporation (NYSE:POS) today announced that it
has reached a memorandum of understanding to settle the pending and
consolidated shareholder class action lawsuit. The settlement, which
is on terms that do not adversely affect the company, involved no
admission of "liability" by the company or any of the current and
former directors and former officers named in the lawsuit. The
settlement is subject to various conditions including court approvals
and other customary conditions.
Frederick W. Beinecke, chairman of the board, commented, "We are
pleased to have taken this significant step towards concluding this
litigation. We look forward to having this matter behind us as we
focus on the future opportunities for our business."
About Catalina Marketing Corporation
Based in St. Petersburg, FL, Catalina Marketing Corporation
(www.catalinamarketing.com) was founded over 20 years ago based on the
premise that targeting communications based on actual purchase
behavior would generate more effective consumer response. Today,
Catalina Marketing combines unparalleled insight into consumer
behavior with dynamic consumer access. This combination of insight and
access provides marketers with the ability to execute behavior-based
marketing programs, ensuring that the right consumer receives the
right message at exactly the right time. Catalina Marketing offers an
array of behavior-based promotional messaging, loyalty programs and
direct-to-patient information. Personally identifiable data that may
be collected from the company's targeted marketing programs, as well
as its research programs, are never sold or provided to any outside
party without the express permission of the consumer.
Certain statements in the preceding paragraphs are
forward-looking, and actual results may differ materially. Statements
not based on historic facts involve risks and uncertainties,
including, but not limited to, potential complications, hardware and
software issues and delays related to the schedule, installation and
operation of color printers, the effectiveness of color printers to
increase sales and redemption rates or provide a more effective
advertising medium, the changing market for promotional activities,
especially as it relates to policies and programs of packaged goods
and pharmaceutical manufacturers and retailers, government and
regulatory statutes, rules, regulations and policies, the effect of
economic and competitive conditions and seasonal variations, actual
promotional activities and programs with the company's customers, the
pace of installation of the company's store network including as it
relates to the installation of color printers in existing and future
retail channels, the acceptance by the company's manufacturer clients
and retailers of color printers and related new and additional terms
and conditions, the success of new services and businesses and the
pace of their implementation, the company's ability to maintain
favorable client and retailer relationships, and the outcome and
impact of the pending shareholder class action and derivative
lawsuits.