Newport starts special DUI patrol The Newport...
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Newport starts special DUI patrol
The Newport Beach Police Department has begun a two-person DUI
Patrol team funded by a $75,000 grant from the state Office of
Traffic Safety.
The team will work evenings and weekends. The grant will fund the
DUI team throughout the summer and again through the holiday season.
While other patrol officers make arrests for DUI in conjunction with
other responsibilities, the only responsibility of this team will be
to patrol for those driving under the influence of alcohol or drugs.
ICN faces patent infringement suit
A New Jersey-based skin-care company sued Costa Mesa drug maker
ICN Pharmaceuticals on Monday for allegedly infringing on a patent
for alpha hydroxy acid, which is used in wrinkle treatments.
TriStrata Technology, an affiliate of Princeton, N.J.-based
NeoStrata, filed the federal suit in Delaware, according to an
unnamed source at NeoStrata.
ICN, which makes ribavirin, has sold the products on the Glyn Derm
line that allegedly include the patented substances, the source said.
ICN declined to comment on the suit.
“ICN has a corporate policy not to discuss or comment on
litigation,” company spokesman Chris Kuechenmeister said.
Shares of ICN rose 20 cents, or 1.9%, on Friday to close at
$10.75.
Community lender opens its doors
Commercial Bank of California opened its doors Thursday in Costa
Mesa after securing the required regulator approvals a day earlier.
The new community lender took over the former Imperial Bank space
in the Deloitte & Touche tower in South Coast Metro.
Led by Newport Beach homebuilder William Lyon, the top investor,
Commercial Bank will specialize in loans of $250,000 to $5 million to
small companies and high-net-worth clients.
In late March, the group wrapped up a cash call from more than 30
investors, which netted $27.4 million.
Late Wednesday, the bank secured approval from the state’s
Department of Financial Institutions and the Federal Deposit
Insurance Corp., founder Bala Balkrishna said.
During its first day of business, Commercial Bank took signature
cards and spoke to several small businesses about securing loans,
Balkrishna said.
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