latest news releases from the newsroom
Izard Nobel LLP
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Blockbuster, Inc.
HARTFORD, Conn., Nov. 10, 2005 (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 Northern District of Texas on behalf of all persons who acquired the publicly traded securities of Blockbuster, Inc. (NYSE:BBI) pursuant to the Company's exchange offer of Viacom, Inc. ("Viacom") stock for 144 million common shares of Blockbuster (the "Exchange Offer"), and on behalf of those who purchased Blockbuster shares in the open market between September 8, 2004 and August 9, 2005, inclusive (the "Class Period").
Acura Pharmaceuticals Inc.
Acura Pharmaceuticals, Inc. Reports Financial Results for Q3-05, Bridge Funding, Conversion of Preferred Shares, Update on OxyADF Development and Cash Reserves
PALATINE, Ill., Nov. 10, 2005 (PRIMEZONE) -- Acura Pharmaceuticals, Inc. (OTCBB:ACUR) today announced a net loss of $1.6 million or $0.07 per share for the quarter ended September 30, 2005 compared to a net loss of $51.5 million or $2.35 per share for the same period in 2004. Included in the quarter ended September 30, 2004 is a non-cash charge of $47.8 million for amortization and write-off of debt discount and private debt offering costs.
Titan Global Entertainment, Inc.
Titan Announces Acquisition and Name Change
MIAMI, Nov. 10, 2005 (PRIMEZONE) -- Titan Global Entertainment, Inc. (Pink Sheets:TGLE) announced that it has merged into a publicly traded company which trades on the Pink Sheets under the symbol "TGLE". As part of this acquisition, the public company acquired all of the issued and outstanding shares of Titan Global Entertainment, Inc., a Florida corporation, on a one-for-one share exchange basis. The public entity changed its name to Titan Global Entertainment, Inc., and changed its domicile from Nevada to Colorado. Upon completion of the acquisition, Titan Florida will become a wholly owned subsidiary of the public company.