latest news releases from the newsroom
Kirby McInerney LLP
Kirby, McInerney & Squire LLP Commences Class Action Lawsuit Against Elan Corporation, PLC -- ELN
NEW YORK, Feb. 4, 2002 (PRIMEZONE) -- The law firm of Kirby McInerney & Squire, LLP has commenced a class action lawsuit on behalf of all purchasers of Elan Corporation, PLC (NYSE:ELN) American Depository Receipts (ADRs) between January 2, 2001 and January 29, 2002 (the "Class Period"). The action charges Elan and certain of its officers with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The alleged violations, according to the complaint, flow from Elan's publication -- as detailed below -- of materially false and misleading financial results during the Class Period. The complaint alleges that, during the Class Period, Elan's misleading financial results caused the Company's ADRs to trade at artificially inflated prices, thereby damaging investors who purchased them.
Chino Commercial Bank
Chino Commercial Bank, N.A. Reports Results for the Year End 2001
CHINO, Calif., Feb. 4, 2002 (PRIMEZONE) -- The Board of Directors of Chino Commercial Bank, N.A. (OTCBB:CKNA) announced the results of operations for the fiscal year 2001, which reflected an increase in assets of 92.2% to $26.2 million. Dann H. Bowman, President and Chief Executive Officer stated, "The tremendous community support has allowed the Bank to continue to grow very rapidly, even during these challenging economic times. In addition to the growth of assets, we are extremely pleased with the Bank's asset quality and the high percentage of core deposits, specifically non-interest bearing deposits which exceeded 64% of the $20.0 million in deposits at December 31, 2001."
Van Houtte Event to be Broadcast by Vcall Over the Internet
RICHMOND, Va., Feb. 4, 2002 (PRIMEZONE) -- Van Houtte, Inc. (TSE:VH) will broadcast its quarterly earnings event on Tuesday, February 5, 2002 at 2:00 p.m. Eastern, Vcall, a Service of World Investor Link, announced today. This event webcast can be accessed at http://www.vcall.com/EventPage.asp?ID=80683.
PIMCO Honored by Risk magazine as "Risk Manager of the Year" for Asset Management
NEWPORT BEACH, Calif., Feb. 4, 2002 (PRIMEZONE) -- PIMCO, long recognized as one of the world's premiere fixed-income fund-management companies, was named "Risk Manager of the Year" in the asset-management category by Risk magazine, one of the most widely read trade publications among derivative specialists. The honor will be officially conferred at the magazine's third annual award ceremony in New York City on February 28, 2002.