latest news releases from the newsroom
Globalstar Announces Investment Community Event
MILPITAS, Calif., Sept. 9, 2008 (GLOBE NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT), the world's largest provider of mobile satellite voice and data services to businesses, governments and individuals, today announced an upcoming investment community event.
Stull, Stull & Brody
Stull, Stull & Brody Announces Order in the AEP 401(K) ERISA Class Action Litigation -- AEP
NEW YORK, Sept. 9, 2008 (GLOBE NEWSWIRE) -- Stull, Stull & Brody announced today that the United States District Court for the Southern District of Ohio, Eastern Division, has issued an order on Plaintiff's motion to class certification in the on-going ERISA 401(k) class action which it commenced against American Electric Power Co., Inc. (NYSE:AEP) ("AEP") in 2003. The class action was brought on behalf of all participants in AEP's 401(k) defined contribution retirement plan who purchased and/or held shares of the AEP Stock Fund at any time between December 9, 1998 and December 31, 2002. The Complaint has alleged that AEP and other fiduciaries of AEP's 401(k) plan negligently managed and administered the 401(k) plan and failed to disclose important information to the participants of the plan, including information about AEP's allegedly improper energy trading and reporting practices. The order, entered on September 8, 2008, denies Plaintiff's motion for class certification and directs further briefing on the issue of whether Plaintiff's claims brought under Section 502(a)(2) of ERISA (to recover for AEP's 401(k) plan losses suffered by the plan) may proceed to judgment on the merits in the absence of an order granting class certification. Plaintiff's initial brief on this issue is to be filed by September 26, 2008.
Nationwide Building Society
Nationwide Announces Winner Shortlist for Mercury Awards
LONDON, Sept. 9, 2008 (GLOBE NEWSWIRE) -- The Nationwide Mercury Prize Awards Show is being held tonight in London and will feature live performances from many of this year's shortlisted artists including The Last Shadow Puppets, Elbow, Estelle, Neon Neon, Adele, Laura Marling and British Sea Power. The event will culminate with the live announcement of the overall winner of the 2008 Prize.
XOMA Awarded $65 Million Biodefense Contract by NIAID to Advance Drug Candidates Against Botulism Toxins Into Clinical Trials
BERKELEY, Calif., Sept. 9, 2008 (GLOBE NEWSWIRE) -- XOMA Ltd. (Nasdaq:XOMA) today announced that it was awarded a $65 million multiple year contract from the National Institute of Allergy and Infectious Diseases (NIAID), a component of the National Institutes of Health (NIH), to support XOMA's ongoing development of drug candidates towards clinical trials in the treatment of botulism poisoning, a potentially deadly muscle paralyzing disease. The contract is the third that NIAID has awarded to XOMA for the development of botulinum antitoxins and brings the program's total to nearly $100 million.