AST Shares

Pittsburgh, PA: (Jan-21-08) Calgon Carbon Corporation brought charges against three companies, Progress Capital Holdings, Inc., Florida Progress Corporation, and Potomac Capital Investment Corporation, over Calgon Carbon's purchase of the common stock of Advanced Separation Technologies Incorporated (AST). Sources close to the case stated that the three companies had agreed to enter into a settlement agreement with Pittsburgh, Pennsylvania-based Calgon Carbon, paying the company a total of $9.25 million to resolve the dispute. Calgon Carbon Corporation, a global leader in services and solutions for making water and air safer and cleaner, claimed that it expects to record the gain on the settlement in 2008. [CNN NEWS: SHAREHOLDER SETTLEMENT]

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Published on Jan-22-08