latest news releases from the newsroom
Hampton Roads Bankshares, Inc.
Doug Wall Named Chief Credit Officer of Hampton Roads Bankshares
NORFOLK, Va., July 30, 2009 (GLOBE NEWSWIRE) -- Hampton Roads Bankshares, Inc. (Nasdaq:HMPR), the holding company for Bank of Hampton Roads and Shore Bank, is pleased to announce that the Board of Directors has named Douglas D. Wall as the Company's Chief Credit Officer.
Monster Beverage Corporation
Hansen Natural Appoints Nick Gagliardi Chief Operating Officer of Monster Beverage Company
CORONA, Calif., July 30, 2009 (GLOBE NEWSWIRE) -- Hansen Natural Corporation (Nasdaq:HANS) today announced the appointment of Nick R. Gagliardi as Chief Operating Officer of Monster Beverage Company, a division of Hansen Beverage Company (the "Company"). Gagliardi will oversee the Monster business and report directly to Mark Hall, President of Monster Beverage Company.
Roma Financial Corporation
Roma Financial Corporation Announces Second Quarter 2009 Earnings
ROBBINSVILLE, N.J., July 30, 2009 (GLOBE NEWSWIRE) -- Roma Financial Corporation (Nasdaq:ROMA) (the "Company"), the holding company of Roma Bank and RomAsia Bank, announced today its results of operation for the three and six months ended June 30, 2009. Net income attributable to Roma Financial Corporation for the three and six months ended June 30, 2009 was $548 thousand and $1.4 million, respectively, or $.02 and $.05 per diluted share, compared to $1.2 million and $2.4 million, or $.04 and $.08 per diluted share, for the same periods of the prior year.
Achillion Pharmaceuticals, Inc.
Achillion Reports Second Quarter and Six Month Financial Results
NEW HAVEN, Conn., July 30, 2009 (GLOBE NEWSWIRE) -- Achillion Pharmaceuticals, Inc. (Nasdaq:ACHN), a leader in the discovery and development of small molecule drugs to combat the most challenging infectious diseases, today reported financial results for the three and six months ended June 30, 2009. For the second quarter of 2009, the Company reported a net loss of $6.1 million, compared with a net loss of $6.8 million for the same period last year. Cash, cash equivalents and marketable securities as of June 30, 2009 were $20.6 million.
Scott+Scott LLP Files Class Action Lawsuit Against J.P. Morgan Chase & Co. On Behalf of Investors -- JPM
NEW YORK, July 30, 2009 (GLOBE NEWSWIRE) -- A class action complaint filed by Scott+Scott LLP, alleging a registration statement and prospectus supplements issued to investors who purchased or otherwise acquired certain Mortgage Pass-Though Certificates ("Certificates") issued by J.P. Morgan Chase & Co. ("J.P. Morgan" or the "Company") (NYSE:JPM) through its issuing trusts were false and misleading, was removed from state court and is now pending in the U.S. District Court for the Southern District of New York. The Defendants include J.P. Morgan, certain of its subsidiaries and affiliates, the directors at J.P. who signed the Registration Statement and the rating agencies that facilitated the sale of the Certificates. This is a securities class action on behalf of all persons who acquired the Certificates of JP Morgan Issuing Trusts (defined, below) pursuant and/or traceable to the J.P. Morgan Acceptance Corporation I ("J.P. Morgan Acceptance") Registration Statement No. 333-141607 and accompanying Prospectus (collectively, the "Registration Statements") and Prospectus Supplements, for violations of the Securities Act of 1933.
Diversicare Healthcare Services, Inc.
Advocat to Announce Second Quarter 2009 Financial Results On Thursday, August 6, 2009
BRENTWOOD, Tenn., July 30, 2009 (GLOBE NEWSWIRE) -- Advocat Inc. (Nasdaq:AVCA) today announced that it is scheduled to report financial results for its second quarter ended June 30, 2009, on Thursday, August 6, 2009 after the market closes.
Kendall Law Group, LLP
Kendall Law Group Launches Shareholder Investigation of Harleysville National Corp
DALLAS, July 30, 2009 (GLOBE NEWSWIRE) -- Kendall Law Group (www.kendalllawgroup.com) is investigating shareholder claims into the sale of Harleysville National Corp. (Nasdaq:HNBC) to First Niagara Financial. Under the terms of the agreement, each Harleysville shareholder will receive 0.474 shares of First Niagara stock for each Harleysville share they own. The investigation concerns whether the Harleysville Board of Directors breached their fiduciary duties to Harleysville shareholders given that (i) the Company's shares traded at $6.47 as recently as June 5, 2009 and over $14.50 per share in January 2009; (ii) the Company has a book value of over $11.00 per share; and (iii) because the Company agreed to a non-solicitation provision and a termination fee of $10.0 million that will all but ensure that no superior offer will ever be forthcoming.
Kendall Law Group, LLP
Kendall Law Group Launches Shareholder Investigation Into Sale of Medarex
DALLAS, July 30, 2009 (GLOBE NEWSWIRE) -- Kendall Law Group (www.kendalllawgroup.com) is investigating shareholder claims into the sale of Medarex (Nasdaq:MEDX) to Bristol-Myers Squibb. The law firm is investigating the sale because the tender offer price is well below the company's peak historical share price and appears to be timed to take advantage of the global economic downturn.
Kendall Law Group, LLP
Kendall Law Group Launches Shareholder Investigation Into Sale of Virgin Mobile
DALLAS, July 30, 2009 (GLOBE NEWSWIRE) -- Kendall Law Group (www.kendalllawgroup.com) is investigating shareholder claims into the sale of Virgin Mobile USA (NYSE:VM) to Sprint Nextel Corp. because Sprint has voting agreements that comprise almost 40% of the voting power of the company and Virgin Mobile agreed to a high termination fee.