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BUSINESS
December 15, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
A federal jury, ruling that the world's leading maker of bicycle parts priced products below cost to destroy competition, has ordered Japan-based Shimano Inc. and its U.S. subsidiary in Irvine to pay about $9 million in damages. The jury reached its verdict Monday in Santa Ana, capping a four-year legal dispute that pitted Shimano against a much smaller competitor, Chicago-based Sram Corp. Shimano said it will appeal. Sram contended that Shimano and its U.S. unit, Shimano America Corp.
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BUSINESS
July 8, 1999 | ROBIN FIELDS, TIMES STAFF WRITER
Sports equipment giant Shimano American Corp. will pay a $150,000 fine to settle allegations that it failed to report defects in bicycle cranks soon enough, federal regulators said Wednesday. Shimano, the Irvine-based subsidiary of Japan's Shimano Inc., recalled 2.5 million bike cranks in July 1997, including 1 million in North America.
BUSINESS
December 15, 1999 | LESLIE EARNEST, TIMES STAFF WRITER
A federal jury, ruling that the world's leading maker of bicycle parts priced products below cost to destroy competition, has ordered Japan-based Shimano Inc. and its U.S. subsidiary in Irvine to pay about $9 million in damages. The jury reached its verdict Monday in Santa Ana, capping a four-year legal dispute that pitted Shimano against a much smaller competitor, Chicago-based Sram Corp. Shimano said it will appeal. Sram contended that Shimano and its U.S. unit, Shimano America Corp.
BUSINESS
December 7, 1994
Celeste Jabczenski has been appointed executive sales and marketing director for the Balboa Bay Club, a 15-acre waterfront property in Newport Beach. She was formerly national sales manager for Loews Coronado Bay Resort. Jabczenski has also held sales positions at the Surf & Sand Hotel in Laguna Beach, the Rancho Bernardo Inn in San Diego and the Four Seasons Hotel and Hyatt Newporter in Newport Beach. * Daniel R.
BUSINESS
July 10, 1997 | MARLA DICKERSON, TIMES STAFF WRITER
In what is being called the bicycle industry's largest-ever safety action, Shimano American Corp. and its Japanese parent company said Wednesday that they are recalling more than 2.5 million bicycle cranks installed on two-wheelers worldwide. The voluntary recall, prompted by reports of rider injuries from broken cranks, includes 1 million bicycles in North America, according to the U.S. Consumer Product Safety Commission, which will monitor those returns.
NEWS
July 10, 1997 | MARLA DICKERSON, TIMES STAFF WRITER
In what is being called the bicycle industry's largest-ever safety action, Shimano American Corp. and its Japanese parent company said Wednesday they are recalling more than 2.5 million bicycle cranks installed on two-wheelers worldwide. The voluntary recall, prompted by reports of rider injuries from broken cranks, includes 1 million bicycles in North America, according to the U.S. Consumer Product Safety Commission, which will monitor those returns.
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