latest news releases from the newsroom
Izard Nobel LLP
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Ionatron, Inc. -- IOTN
HARTFORD, Conn., July 13, 2006 (PRIMEZONE) -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of Arizona on behalf of all persons who purchased the publicly traded securities of Ionatron, Inc. ("Ionatron" or the "Company") (Nasdaq:IOTN) between June 27, 2005 and May 10, 2006, inclusive (the "Class Period").
Scott+Scott, LLC Files Class Action Lawsuit Against Ionatron, Inc. on Behalf of Investors -- IOTN
COLCHESTER, Conn., July 13, 2006 (PRIMEZONE) -- On July 13, 2006, Scott+Scott, LLC, filed a class action against Ionatron, Inc. ("Ionatron" or the "Company") (Nasdaq:IOTN) and certain officers and directors in the U.S. District Court for the District of Arizona. The action is on behalf of Ionatron securities purchasers during the period June 27, 2005, through May 10, 2006, inclusive (the "Class Period"), for violation of the Securities Exchange Act of 1934. Ionatron develops and manufactures directed-energy weapons based on its Laser Induced Plasma Channel ("LIPC") technology. The complaint alleges that defendants made false and misleading statements and material omissions regarding the battle field-readiness of its weapons. As a result, the price of the Company's securities was inflated during the Class Period, thereby harming investors.
UTi Worldwide Announces Closing of Financing Agreements
RANCHO DOMINGUEZ, Calif., July 13, 2006 (PRIMEZONE) -- UTi Worldwide Inc. (Nasdaq:UTIW) today announced that the closings for its previously disclosed intention to issue $200.0 million (principal amount) of senior guaranteed notes and to enter into a new senior credit facility were effected today. The obligations under the notes and the credit facility are guaranteed by various UTi subsidiaries.