latest news releases from the newsroom
Law Offices of Howard G. Smith
Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of GSI Group Inc.
BENSALEM, Pa., Dec. 4, 2008 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith announces that it is investigating potential claims against GSI Group Inc. ("GSI Group" or the "Company") (Nasdaq:GSIG), concerning possible securities violations in relation to public statements made by the Company between April 30, 2008 and December 3, 2008. The investigation concerns GSI Group's December 4, 2008, announcement that the Company intends to restate its financial statements for the first and second fiscal quarters of 2008. GSI Group revealed that revenue of approximately $8,982,000 recognized in the first fiscal quarter ended March 28, 2008, and revenue of approximately $7,194,000 recognized in the second fiscal quarter ended June 27, 2008, should have been deferred until the delivery of additional equipment in accordance with EITF 00-21 Revenue Arrangements with Multiple Deliverables. The Company disclosed that, as a result, the Audit Committee of the Board of Directors of GSI Group has determined that the previously issued financial statements contained in GSI Group's Quarterly Reports on Form 10-Q for the periods ended March 28, 2008 and June 27, 2008 should no longer be relied upon.
Flushing Financial Corporation
Flushing Financial to Speak to Institutional Investors
LAKE SUCCESS, N.Y., Dec. 4, 2008 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Savings Bank, FSB (the "Bank"), today announced that, through an arrangement with Raymond James & Associates, Inc., it will make a presentation to a group of institutional investors at the Company's executive offices in Lake Success, New York on Friday, December 5, 2008.