latest news releases from the newsroom
Izard Nobel LLP
Schatz Nobel Izard, P.C. Announces Investigation of Lehman Brothers Savings Plan
HARTFORD, Conn., June 23, 2008 (PRIME NEWSWIRE) -- The law firm of Schatz Nobel Izard, P.C., which is one of the leading firms in the country representing employees who lost money investing in company stock in their 401(k) retirement plans, is investigating potential claims against Lehman Brothers Holdings ("Lehman Brothers" or the "Company") (NYSE:LEH) for violations of the Employee Retirement Income Security Act of 1974 ("ERISA"). The investigation involves investments in the Lehman Brothers Savings Plan (the "Plan") and whether Lehman Brothers and other administrators of the Plan may have breached their ERISA-mandated fiduciary duties of loyalty and prudence to participants and beneficiaries of the Plan. A breach may have occurred if the fiduciaries failed to manage the assets of the Plan prudently and loyally by investing the assets in Company stock when it was no longer a prudent investment for participants' retirement savings. Specifically, Lehman Brothers and the Plan's other fiduciaries continued to invest in and hold Lehman Brothers stock in the Plan despite the Company's apparent mismanagement of the risk of assets held by the Company and its failure to maintain adequate capital and liquidity.
Izard Nobel LLP
Schatz Nobel Izard P.C. Announces Class Action Lawsuit Against Fifth Third Bancorp
HARTFORD, Conn., June 23, 2008 (PRIME NEWSWIRE) -- The law firm of Schatz Nobel Izard 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 Southern District of Ohio on behalf of all persons who purchased the securities of Fifth Third Bancorp ("FITB" or the "Company") (Nasdaq:FITB) (NYSE:FTB-PA) (NYSE:FTB-PC) (NYSE:FTB-PB) from October 19, 2007 through June 17, 2008, inclusive (the "Class Period"). Also included are those who purchased Trust Preferred Securities in an initial public offering (the "Offering") on October 25, 2007.
RedChip Companies Inc.
RedChip Visibility Issues First Quarter 2008 Research Update On BioSolar
ORLANDO, Fla., June 23, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc., today announced that it has issued a first quarter 2008 research update on BioSolar, Inc. (OTCBB:BSRC), a company developing innovative bio-based components for use in the manufacture of solar cells that will replace traditional, petroleum-based components.