latest news releases from the newsroom
Finkelstein Thompson LLP
Finkelstein Thompson LLP Announces Investigation of CuraGen Corporation Merger
WASHINGTON, June 4, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is investigating potential shareholder claims arising from the proposed acquisition of CuraGen Corporation ("CuraGen" or the "Company") (Nasdaq:CRGN) by Celldex Therapeutics, Inc. The stock-for-stock deal values CuraGen at approximately $1.55 per share, and values the Company at approximately $94.5 million.
Finkelstein Thompson LLP
Finkelstein Thompson LLP Announces Investigation of Natco Group, Inc. Merger
WASHINGTON, June 4, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is currently investigating potential shareholder claims arising from the proposed acquisition of Natco Group, Inc. ("Natco") (NYSE:NTG) by Cameron International Corp. ("Cameron"). Under the terms of the agreement, Natco shareholders will receive 1.185 shares of Cameron common stock per share of Natco stock in a transaction valued at approximately $780 million. The investigation is primarily focused on the potential unfairness of the merger price and on the process by which the Natco Board of Directors approved the agreement.
Video Display Corporation
VDC's Aydin Display Enters Into License Agreement With Barco, Resolving Litigation Between the Companies
ATLANTA, June 4, 2009 (GLOBE NEWSWIRE) -- On June 1, 2009, Video Display Corporation (Nasdaq:VIDE) announced that its Aydin Displays, Inc. subsidiary (Aydin) had entered into a License Agreement with Barco Federal Systems, LLC and Barco N.V., a Belgium corporation (Barco). The License Agreement resolves all active litigation filed and currently pending between the companies in the U.S. District Court of North Georgia. As part of the Agreement, Barco will issue a non-exclusive license to Aydin Displays, Inc. for the use of Barco's patented Flicker Compensation (FC) technology utilized in certain advanced naval and industrial LCD displays. Under the terms of this agreement, Aydin is currently the only company worldwide licensed by Barco for utilization of Barco's FC in advanced LCD displays.
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of Axsys Technologies, Inc.
NEW YORK, June 4, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the Board of Directors of Axsys Technologies, Inc. ("Axsys" or the "Company") (Nasdaq:AXYS) arising out of their attempt to sell the Company to General Dynamics Corp. Under the terms of the agreement, Axsys shareholders will receive $54 in cash for each share they own for a total transaction value of approximately $643 million. The price is unfair given that Axsys shares traded over $72 per share as recently as December 2008 and analysts currently placed a median price target of $64 per share with a high price target of $80 per share.
SenoRx to Participate in Virtual Conference Hosted by Lazard Capital Markets
IRVINE, Calif., June 4, 2009 (GLOBE NEWSWIRE) -- SenoRx, Inc. (Nasdaq:SENO), a leading provider of medical devices used by breast care specialists for the diagnosis and treatment of breast cancer, announced today that it will participate in a "Virtual" Conference hosted by Lazard Capital Markets (LCM) on Wednesday, June 10, 2009 at 2:00 p.m. EDT/11:00 a.m. PDT. The conference call and webcast is an Addendum to LCM's Radiation Oncology Day, which is being held the previous day in New York on June 9, 2009. Lloyd Malchow, President and Chief Executive Officer, will be joined by Paul Lubock, Senior Vice President and Chief Technology Officer for the Virtual Conference.