latest news releases from the newsroom
Hagens Berman, LLP
Hagens Berman Files Class Action Lawsuit Against SunPower Corporation -- SPWRA, SPWRB
SAN FRANCISCO, Dec. 4, 2009 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro's San Francisco office has filed a class-action lawsuit in the United States District Court for the Northern District of California against SunPower Corporation (Nasdaq:SPWRA) (Nasdaq:SPWRB). The 83-page lawsuit, filed jointly with co-counsel, seeks class status for all investors who purchased SunPower shares between April 17, 2008 and Nov. 16, 2009.
Recovery Energy Enters Into LOI to Acquire Seven New Wells
DENVER, Dec. 4, 2009 (GLOBE NEWSWIRE) -- Recovery Energy (OTCBB:RECV) has signed a Letter of Intent to acquire multiple working interests within the mature, oil-rich Denver-Julesburg Basin that covers area in Northeast Colorado and Southwest Nebraska. This transaction, which is expected to close over the next few weeks, includes an 87.5% working interest in five producing wells in Nebraska, a 100% working interest in two additional wells located in Nebraska and Colorado, and a 50% working interest in two significant development projects. The purchase price will be a combination of cash and common stock.
Otter Tail Corporation
Otter Tail Corporation Announces Closing of Public Offering of Senior Unsecured Notes
FARGO, N.D., Dec. 4, 2009 (GLOBE NEWSWIRE) -- Otter Tail Corporation (Nasdaq:OTTR) announced today the closing of an offering of $100 million of its 9.000% Notes due 2016. The Notes will be senior unsecured obligations of Otter Tail Corporation. Otter Tail Corporation intends to use the net proceeds of the offering to reduce borrowings under its revolving credit facility.