latest news releases from the newsroom
Cauley Bowman Carney & Williams, PLLC
Cauley Geller Announces MSC Industrial Direct Co. Investors Have until October 7th to File Lead Plaintiff Motion -- MSM
LITTLE ROCK, Ark., Sept. 27, 2002 (PRIMEZONE) -- The deadline for purchasers of MSC Industrial Direct Co. ("MSC Industrial" or the "Company") (NYSE:MSM) publicly traded securities to move for lead plaintiff in a securities fraud class action recently brought against the Company is rapidly approaching. If you purchased MSC Industrial securities between January 11, 1999 and August 5, 2002, inclusive (the "Class Period"), and you wish to be a lead plaintiff in the case, you must move to serve as lead plaintiff by filing a motion in the United States District Court for the Eastern District of New York by October 7, 2002. A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's website at http://www.cauleygeller.com/pr/msc_industrial.pdf.
Berger & Montague PC
Berger & Montague, P.C. Sues Eclipsys Corporation and Certain of its Officers on Behalf of Purchasers of Common Stock Between July 23, 2001 and June 27, 2002 -- ECLP
PHILADELPHIA, Sept. 27, 2002 (PRIMEZONE) -- On July 26, 2002, the law firm of Berger & Montague, P.C. (http://www.bergermontague.com) filed a class action suit against Eclipsys Corporation ("Eclipsys") (Nasdaq:ECLP) and its Chief Executive Officer, who is also a director, its Chief Financial Officer and its Chief Operating Officer in the United States District Court for the Southern District of Florida, Civil Action No. 02-80697 on behalf of all persons or entities who purchased Eclipsys common stock between July 23, 2001 and June 27, 2002, inclusive (the "Class Period").
Skandia Insurance Company: Increased capital base of American Skandia
STOCKHOLM, Sweden, Sept. 27, 2002 (PRIMEZONE) -- In order to demonstrate its commitment to American Skandia and its position as a core operation within the group, Skandia Insurance Company has decided to further strengthen American Skandia's financial position through a capital infusion of USD255 million. This recapitalization will be made by converting intra-group loans to equity and contributing additional equity of USD120 million.
Share Capital in Nordea Raised by EUR 17,854.22
STOCKHOLM, Sweden, Sept. 27, 2002 (PRIMEZONE) -- The share capital in Nordea AB (publ) (Stockholm:NDA) (Other OTC:NRDDF) has been raised by EUR 17,854.22 and 45,050 shares have been issued as a result of conversion of bonds issued according to the company's convertible bond loan 1999/2042.
Scandiaconsult to Buy Back Shares
STOCKHOLM, Sweden, Sept. 27, 2002 (PRIMEZONE) -- As part of its ongoing share buy-back programme, Scandiaconsult (Stockholm:SCC) has, on September 25, bought back 71,800 of its own shares. This brings the company's total holding of its own shares on September 25, 2002 to 856,800. Scandiaconsult has a total of 23,896,828 shares.
Metso Signs Final Contract for Pulping System in Stendal Kraft Pulp Mill in Germany
HELSINKI, Finland, Sept. 27, 2002 (PRIMEZONE) -- Metso Paper has signed the final contract for pulping system in Zellstoff Stendal GmbH greenfield kraft pulp mill in SachsenAnhalt, Germany with the main contractor, RWE IndustrieLosungen GmbH. The parties announced the contract in October 2001. Delivery includes a complete pulping process from woodhandling to ready made bales and a process automation system for the entire mill supplied by Metso Automation. The value of the contract is approx. EUR 135 million. The startup of the mill is scheduled for October 2004.
Old Mutual plc
Amended Terms of the Offer by Nedcor for NIB Minorities
LONDON, Sept. 27, 2002 (PRIMEZONE) -- Old Mutual plc ("Old Mutual") (LSE:OML) (Other OTC:ODMTF) draws attention to today's announcement by its subsidiary, Nedcor Limited ("Nedcor") (Other OTC:NDCRF), the South African banking group, in which it has a 53% stake, detailing an amendment to the terms of Nedcor's offer to acquire by means of a scheme of arrangement the issued shares of Nedcor Investment Bank Holdings Limited ("NIB") not already owned by it. Nedcor currently has an 84% stake in NIB.