latest news releases from the newsroom
Labaton Sucharow LLP
Update Regarding Securities Class Action Lawsuit Against National Australia Bank Ltd. and Certain of Its Officers and Directors -- NAB
NEW YORK, Oct. 27, 2006 (PRIMEZONE) -- Labaton Sucharow & Rudoff LLP (www.labaton.com) provides this update concerning the litigation captioned "In re National Australia Bank Securities Litigation, No. 03-CV-6537" (U.S. District Court for the Southern District of New York) (Jones, J.). The action was brought as a class action on behalf purchasers of the equity, debt, and other securities of National Australia Bank Ltd. (NYSE:NAB) including, but not limited to, its ordinary shares and American Depository Receipts ("ADRs") between April 1, 1999 and September 3, 2001, inclusive. The Consolidated Class Action Complaint (Complaint) alleged that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by disseminating materially false and misleading statements concerning fraud by NAB at its subsidiary, HomeSide Lending, Inc.
Dow Jones & Company
Dow Jones Agrees to Sell Six Local Newspapers for $282.5 Million
NEW YORK, Oct. 27, 2006 (PRIMEZONE) -- Dow Jones & Company (NYSE:DJ) announced a definitive agreement to sell six of its community newspapers to Community Newspaper Holdings, Inc. for $282.5 million in cash, subject to a working capital adjustment. We expect the after-tax proceeds to be approximately $268.0 million, which will be used to fund the recently announced Factiva acquisition and to pay down debt.