latest news releases from the newsroom
RedChip Companies Inc.
RedChip Independent Issues 4Q 2007 Research Update On INX Inc.
ORLANDO, Fla., April 11, 2008 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies Inc., has issued a 4Q 2007 research update for INX Inc. (Nasdaq:INXI), a network infrastructure professional services firm providing IP communications solutions in the United States.
Orion Energy Systems, Inc.
Orion Energy Systems, Inc. Announces Retention of Skadden, Arps Law Firm as Defense Counsel in Purported Class Action Lawsuits
MANITOWOC, Wis., April 11, 2008 (PRIME NEWSWIRE) -- Orion Energy Systems, Inc. (Nasdaq:OESX) today announced that it has retained the law firm Skadden, Arps, Slate, Meagher & Flom LLP as defense counsel in purported securities class action lawsuits filed in the United States District Court for the Southern District of New York. The lawsuits allege, among other things, that Orion, certain of its officers, and members of its Board of Directors made misstatements and failed to disclose material information in the registration statement and prospectus for Orion's recently completed initial public offering. Orion believes that it has substantial legal and factual defenses in this action, which it intends to pursue vigorously. Orion will continue to focus on its competitive strengths and growth strategies to deliver what it believes are compelling energy savings and environmental benefits through innovative energy efficiency technologies for commercial and industrial customers throughout the United States.