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Three Rivers Federal Credit Union is the latest local financial institution to be targeted by scammers. Some residents have reported received recorded messages that say they need to call in because the credit union’s security has been breached. After dialing the provided number, callers are instructed to enter their account number, which makes that information available to identity thieves.
The Fort Wayne-based credit union is not making the calls and its security system has not been compromised, a spokesman said. He cautioned the credit union’s members against responding to the recording.
“We don’t want people to press ‘1’ and give their information,” Jason Vida said.
Grabill Bank was targeted by a similar scam in June. Anyone receiving this type of call or e-mail is encouraged to contact the business being targeted and the Better Business Bureau.
Warsaw-based Zimmer Holdings Inc. is the subject of a class-action shareholder lawsuit alleging officers failed to disclose flaws in quality systems at its Dover, Ohio, plant and problems with a hip replacement product.
The suit was filed by Plumbers and Pipefitters Local Union 719 Pension Fund, an institutional investor, in U.S. District Court for the Southern District of Indiana. It names the orthopedic-device maker; David Dvorak, company president and chief executive officer; and James Crines, executive vice president and chief financial officer, as defendants.
Because of defendants’ “materially false and misleading statements,” the company’s stock traded at artificially inflated prices from Jan. 29 to July 22, the suit alleges. When the true condition of the company, facilities and products came to light, the price of Zimmer stock fell, dropping nearly $5 in one day, it said.
A spokesman for the company declined to comment Tuesday.
Steel Dynamics Inc. said Tuesday that the company’s three executive vice presidents will assume new responsibilities reflecting changes related to recent growth and acquisitions.
Mark Millett has been named executive vice president for metals recycling and ferrous resources and also becomes president and chief operating officer of OmniSource Corp. He succeeds Danny Rifkin – one of three Rifkin brothers and six total executives – who left OmniSource in June, eight months after Steel Dynamics acquired the scrap metal-recycling business from the Rifkin family for $1.1 billion.
Richard Teets becomes executive vice president for steelmaking and president and COO of steel operations.
Gary Heasley continues as executive vice president for strategic planning and business development. He takes over responsibility for the company’s joist-and-deck fabricating business.
Nine months after shareholders rejected the Dolan family’s latest bid to take Cablevision Systems Corp. private, the cable operator said Tuesday it is considering several options to boost its stock price including spinning off some of its diverse holdings.
Cablevision said its board has also authorized it to explore making stock buybacks or pay quarterly dividends. The Bethpage, N.Y.-based company is considered one of the strongest cable franchises in the country and also owns Madison Square Garden.
