latest news releases from the newsroom
KL Holding Company, N.V.
KL Finance, LLC Closes $30 Million Timeshare Receivable Facility for The Aruban Resort & Casino At Eagle Beach
CHICAGO, Oct. 1, 2007 (PRIME NEWSWIRE) -- KL Finance, LLC, a closely held finance company, has closed a $30 million receivable finance facility for timeshare receivables originated at The Aruban Resort & Casino At Eagle Beach (The Aruban). The resort is located in Oranjestad, Aruba, Dutch Caribbean, and was formerly known as the La Cabana Villas. The credit facility was placed with Resort Funding LLC. Details of the transaction were not disclosed.
Furniture Brands International
Furniture Brands International Comments On Filing by Samson Holding
ST. LOUIS, Oct. 1, 2007 (PRIME NEWSWIRE) -- Furniture Brands International (NYSE:FBN) commented on the Schedule 13D filed today by Samson Holding. The filing states that as of October 1, Samson Holding Ltd. (HKSE:531) and companies controlled by Samson's chairman and deputy chairman hold approximately 7.2 million FBN common shares, or 14.9 percent of the company's outstanding shares. The filing also disclosed that Samson had previously presented a proposal to Furniture Brands with respect to a possible business combination transaction.
Pelton Serpe LLP
Class and Collective Action Lawsuit Filed Against Deutsche Bank Securities and Raymond Michaels Associates for Overtime Violations Pursuant to the Fair Labor Standards Act (FLSA) and the New York Labor Law
NEW YORK, Oct. 1, 2007 (PRIME NEWSWIRE) -- The law offices of Pelton Serpe LLP and William Coudert Rand served Deutsche Bank Securities with a class and collective action complaint on September 28, 2007 seeking overtime wages on behalf of certain current and former employees pursuant to the Fair Labor Standards Act and the New York Labor Law. The class and collective action complaint was brought on behalf of Roland Oyejola, a former Deutsche Bank employee, and all other similarly situated Deutsche Bank and Raymond Michaels Associates employees who choose to opt-into the action. The attorneys of Pelton Serpe LLP and the Law Offices of William Coudert Rand look forward to pursuing this matter on behalf of all current and former Deutsche Bank and Raymond Michaels Associates employees who were improperly denied overtime pay. For more information regarding this claim please contact Brent E. Pelton at (212) 725-3600 or William C. Rand at (212) 286-1425.