latest news releases from the newsroom
SenoRx Announces Court Grants Jointly Requested Stay of Proceedings
ALISO VIEJO, Calif., June 24, 2008 (PRIME NEWSWIRE) -- SenoRx (Nasdaq:SENO) today announced that the United States District Court for the Northern District of California has granted a joint request by Hologic and SenoRx to stay all proceedings in the case currently pending between the parties, including the Markman claims construction hearing (previously scheduled for June 25, 2008) and trial (previously scheduled to begin on July 14, 2008), for at least sixty days in order to provide the parties time to discuss possible resolution of the matter.
Shepherd Smith Edwards & Kantas
Shepherd Smith Edwards & Kantas LLP Files $700,000 Arbitration Claim Regarding Schwab California Tax-Free YieldPlus Fund
SAN FRANCISCO, June 24, 2008 (PRIME NEWSWIRE) -- The securities law firm of Shepherd Smith Edwards & Kantas LLP (www.sseklaw.com) announced today that it has filed a $700,000 arbitration claim on behalf of a Bay Area investor in the California Tax-Free YieldPlus Fund ("SWYCX"). Charles Schwab actively marketed various YieldPlus funds to millions of investors, with the objective to "seek high current income with minimal changes in share price." The funds, classified as ultra-short term bond funds, were marketed to investors as a higher-yielding alternative to money-market funds, and were solicited as offering a combination of safety and liquidity, or the ability to quickly access cash. Charles Schwab represented the Funds as a safe alternative to money market funds that would preserve principal while being "designed with your income needs in mind." Charles Schwab represented that such investments were suitable for short term investors, and would safely provide income with little price fluctuations.