Security division may be sold off separately
NEW YORK - Bankrupt Adelphia Communications confirmed in early August that it will sell the company - either as a whole or in parts.
Adelphia, which has more than five million cable subscribers across the United States, operates two security companies, Checkpoint Limited in Florida and Adelphia Security in New York.
ST. AUGUSTIN, Quebec - Six members of Microtec EnterprisesÃ¢â‚¬â„¢ board of directors have resigned after the companyÃ¢â‚¬â„¢s insurance carrier chose not to renew the policy that covered the directors and officers - leaving the six individuals unprotected in the event of lawsuits filed against the company.
Home Technologies sets first move of expansion
BELLEVUE, Wash. - Home Technologies, a provider of home automation and security solutions for the low voltage market has made its first move in a three-part growth strategy that includes creating a dealer program by acquiring residential systems integrator Digitech Home Systems.
ADT fails to secure dismissal of lawsuit
DENVER - A Colorado judge has denied ADT Security ServicesÃ¢â‚¬â„¢ motion to dismiss a class action lawsuit filed by Advantek Pro, a former ADT authorized dealer.
The judgeÃ¢â‚¬â„¢s ruling clears the way for the firm to seek a class action certification of the lawsuit, which if approved will include current and past ADT dealers.
SCOTTSDALE, Ariz. - ADT Security Services has filed a lawsuit against First Protection, a former member of its authorized dealer program, claiming breach of contract, but the Arizona-based security system provider has turned around and countersued for more than $3 million in damages.
CALGARY, Alberta - Securex Investments, a financial service provider to the security industry, has completed its purchase of shares of Microtec Enterprises - a move that began with an offer to buy 19.9 percent of subordinated voting shares of the struggling alarm provider in April.