Baltimore law firm forms arbitration groupThe Baltimore...

NEWS IN BRIEF

January 08, 1995|By Deidre Nerreau McCabe

Baltimore law firm forms arbitration group

The Baltimore law firm of Venable, Baetjer and Howard has formed a new group focusing on arbitration and mediation.

Chairman Benjamin R. Civiletti said the alternative dispute resolution group is a "highly efficient, effective method of avoiding some of the costs and disadvantages of traditional litigation."

About 20 lawyers have received training to act as mediators or to represent clients during mediation or arbitration.

The firm expects mediation or arbitration to be useful in domestic cases, contract disputes and personal injury cases.

Venable, one of the nation's oldest law firms, employs nearly 250 lawyers at offices in Maryland, Virginia and Washington.

Security systems firm gets overseas business

Information Resource Engineering Inc., a Baltimore-based manufacturer of security systems for computer communications, announced that Spain's La Caixa Bank and Argentina's Banco De La Pampa will use its products to protect sensitive financial information.

La Caixa, a consumer and commercial bank headquartered in Barcelona, will use IRE's products to protect electronic funds transfers. Banco De La Pampa, headquartered in Buenos Aires, will use the system on telephone lines and a computer network to secure communications between branches.

IRE designs and markets products called Network Security Systems, which use encryption to prevent the interception of data as it moves from one computer to another.

Martin to develop software system for Army

Martin Marietta Corp. has received a five-year contract from the Army to develop and integrate a computer software system.

The contract has an initial value of $15.2 million, with a total potential value of $166.5 million during the five years, the company said.

Martin Marietta Management & Data Systems, a unit of the Bethesda-based defense company, is headquartered in Valley Forge, Pa., but most of the work on the software system will be done at its offices in Springfield, Va., said spokeswoman Karlyn Messinger.

Arden Group buys Columbia Hilton Inn

The Arden Group Inc., a Philadelphia-based real estate company, has purchased the 152-room Columbia Hilton Inn and created a hotel management company to run it.

Arden Hotels Inc., to be headed by John J. DePaul, vice president of the hotel division, is negotiating the purchase of three other hotels, including the 100-room Guest Ranch and Spa in Jackson Hole, Wyo., and a 350-room deluxe hotel in downtown Philadelphia.

Craig A. Spencer, president and chief executive of the Arden Group, said the purchase price was "in the range of $5 million" but declined to be specific. The company will spend about $800,000 renovating the guest rooms, meeting rooms and corridors.

New Century Press acquires 2 weeklies

New Century Press Inc., a Baltimore-based media company, has acquired two weekly newspapers in South Dakota and Minnesota, company officials said.

The company acquired the New Era in Parker, S.D., and the Sentinel-Tribune in Walnut Grove and Westbrook, Minn. The company owns three newspapers in Iowa.

The acquisitions give New Century an interest in two common advertising supplements distributed in 34 weeklies with a paid circulation of 56,000.

John M. Lemmon, New Century president, declined to disclose the purchase price for the newspapers.

Coyne & McClean partner forms company

Lyle K. Benson Jr., former partner with the Towson accounting firm Coyne & McClean, has left the practice to form L.K. Benson & Co.

The new practice in Towson will specialize in financial planning and tax and investment advisory services for individuals.

Mr. Benson, who has 15 years' experience as a tax and financial planner, is president of the Linc/Society of CPA Financial Planners, a national association of financial advisers with about 250 members.

Colliers Pinkard picks Cornerstone as its ad firm

The Baltimore-based advertising firm Cornerstone will provide marketing, advertising and public relations services to Colliers Pinkard, one of the area's largest commercial real estate firms.

Cornerstone, founded in 1980, serves regional and national clients.

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