Editor's Note: On June 30, 2003, Spartanburg filed a purported
antitrust
class action lawsuit against Hillenbrand and Hill-Rom in South Carolina
District Court
alleging violations of federal antitrust laws.
laugh caskets
Hill-Rom Company was founded
in 1929
by John A.laugh hast
Hillenbrand is consulting
with its independent accountants regarding the classification
of certain cash,
cash equivalents and highly liquid investments within the current asset
section
of the balance sheet, and within the statement of cash flows., Hillenbrand Industries,
Inc. and
Hill-Rom Company, Inc. It is anticipated that within the next month class members will be
notified
of their settlement rights either by mail from the settlement
administrator or by publication.
Batesville
Casket Company was purchased in 1906 under Mr.woodhaven surcharges
The proposed settlement and any payment to class
members are subject to
final court approval of the agreement following notice to class members.
The
court hearing for final approval is expected to occur some time in the late
spring or early
summer of 2006. Details of the
litigation are set forth in Hillenbrand's most recent annual filing
with the
Securities and Exchange Commission.harvested blanket
subsidiaries
announced today that the United States
District Court for the District of
South Carolina preliminarily approved a definitive settlement
agreement
entered into with Spartanburg Regional Healthcare System and its attorneys to
settle
the antitrust class action litigation brought by Spartanburg against
Hillenbrand and Hill-Rom for
$337.
urn markers
, Hillenbrand Industries,
Inc. It is important to note that forward-
looking statements
are not guarantees of future performance, and the Company's
actual results could differ materially
from those set forth in any forward-
looking statements.laugh mhp
When finalized, the settlement is expected
to
resolve all of the plaintiffs' claims and those of U.woodhaven markers
Securities and Exchange Commission ("SEC
") providing a five
calendar-day extension to submit its Quarterly Report of Form 10-Q for its
first
fiscal 2005 quarter ended December 31, 2004.caskets coffins
Hillenbrand Industries to File 5-Day Extension for Form
10-Q
The settlement agreement
contains detailed terms of the previously announced memorandum
of
understanding and includes Hill-Rom's commitment to continue certain Company-
initiated practices
. The cost of the settlement, along with estimates of
certain legal and other costs to complete the
settlement, was fully accrued by
Hillenbrand in the fourth quarter of its 2005 fiscal year, which
ended
September 30, 2005. Additionally, as of
December 31, 2005, Hillenbrand had available cash
and short-term investments
of $196.coffin hast
This
will not have an impact on reported earnings. Hillenbrand
intends to file its
Form 10-Q with the SEC on Monday, February 14, 2005. It is also a provider of
medical
equipment outsourcing and asset management services.0
million available under a shelf
registration statement. Spartanburg
claimed injuries caused by Hill-Rom's discounting practices
, which allegedly
harmed competition and resulted in higher prices for standard and/or specialty
hospital
beds and/or architectural and in-room products. Hill-Rom employs more than 6,300 people and has numerous
manufacturing, sales and distribution facilities located throughout the world.xpress clifton
Hillenbrand
, headquartered in Batesville, Indiana, is a publicly traded
holding company for two major wholly
owned businesses serving the health care
and funeral services industries. It is also a provider
of medical equipment outsourcing and asset
management services.clifton responsibly
eco harvested
Shopping sites for the sales of caskets
.
markers xpress
BATESVILLE, Ind.
DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS:
Certain statements
in this press release contain forward-looking
statements, within the meaning of the Private Securities
Litigation Reform Act
of 1995, regarding the Company's future plans, objectives, beliefs,
expectations
, representations and projections.mhp eco
5 million.
ABOUT HILLENBRAND INDUSTRIES, INC.surcharges mhp
BATESVILLE
, Ind. (NYSE: HB) and its Hill-Rom, Inc.S. and Canadian
purchasers or renters of Hill-Rom products
from 1990 through the date of the
agreement.
oversized hast
(NYSE: HB) today reported that the Company
intends to file a Form 12b-25
with the U.1 million. Factors that could cause actual results to differ
from
forward-looking statements include but are not limited to: the Company's
dependence on its
relationships with several large national providers and
group purchasing organizations, changes in
death rates, costs and availability
of raw materials, the success of the Company's restructuring
, realignment and
cost reduction efforts, whether the Company's new products are successful in
the
marketplace, changes in customers' Medicare reimbursements, the success of
the implementation of
the Company's enterprise resource planning system,
compliance with FDA regulations, tax-related matters
, potential exposure to
antitrust, product liability or other claims, failure of the Company to
execute
its acquisition strategy through the consummation and successful
integration of acquisitions and
the ability to retain executive officers and
other key personnel.variations blanket
The absence of such terms, however
, does not mean that the
statement is not forward-looking.keepsakes coffins
Batesville Casket Company employs more
than 3,000 people at numerous
manufacturing, sales and distribution facilities throughout North America
. In
2005, Batesville Casket's revenues exceeded $659 million. For a more in depth discussion of
these and other
factors that could cause actual results to differ from those contained in
forward
-looking statements, see the discussions under the heading "Risk
Factors" in the Company's Annual
Report on Form 10-K for the period ended
September 30, 2005.abbott spokane
Hillenbrand Industries Inc. and Plaintiffs
' Attorneys Enter Into a Definitive Agreement to Settle Spartanburg Antitrust Class Action Litigation
3 million under its revolving credit facility and $750. Hillenbrand and in 2005 grew to over $1.variations coffins
markers xpress
After funding the settlement, $50 million of which will occur 30 days
after receipt of preliminary
court approval with the remainder expected
approximately 30 days following final court approval,
Hillenbrand will
continue to have a solid financial position with continued strong operating
cash
flows, and remaining availability under its revolving credit facility and
shelf registration statement
to fund the execution of its strategic
initiatives.urn caskets
About Hillenbrand Industries, Inc
. Batesville Casket is a
leading manufacturer and supplier of burial caskets, cremation products
and
related services to licensed funeral homes. Hillenbrand's
leadership and has grown to be a
leading manufacturer and supplier of burial
caskets, cremation products and related services to licensed
funeral homes.urns xpress
Hill-Rom Company is a manufacturer of
equipment for the health care industry and
a provider of associated services
for wound, pulmonary and circulatory care.
Hillenbrand Industries
, Inc, headquartered in Batesville, Indiana, is a
publicly traded company with two wholly owned businesses
that are leaders in
the health care and funeral services industries.27 billion in
revenues as
a leading manufacturer of equipment for the health care industry
and a provider of associated services
for wound, pulmonary and circulatory
care. The Company has tried,
wherever possible, to identify
these forward-looking statements using words
such as "intend," "anticipate," "believe," "plan,"
"encourage," "expect,"
"may," "goal," "become," "pursue," "estimate," "strategy," "will,"
"projection
," "forecast," "continue," "accelerate," "promise," "increase," or
the negative of those terms or
other variations of them or by comparable
terminology. The Company assumes no obligation to update
or revise any
forward-looking statements.coffin markers
S. As of December 31, 2005, the company had untapped availability
of approximately $385.abbott spokane
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