latest news releases from the newsroom
Federman & Sherwood
Federman & Sherwood Responds to Press Release Issued by Superior Offshore International, Inc. With Respect to Its Delayed Filings to the Securities and Exchange Commission -- DEEP
OKLAHOMA CITY, April 2, 2008 (PRIME NEWSWIRE) -- Federman & Sherwood, who filed the first securities class action in Texas against Superior Offshore International, Inc., and certain of its officers and directors, responds to the latest press release filed by the Company on April 1, 2008. The Company announced that it was unable to file its Annual Report on Form 10-K for the year ended December 31, 2007, and that it has hired a financial advisor to assist the Company in exploring a range of financial and strategic alternatives, such as obtaining additional or alternate sources of equity financing, a possible sale or merger of the Company, and even possibly a sale of Company assets.
Energy Association of Pennsylvania
Pennsylvania Gas Association Study Demonstrates How DPW's Closing of LIHEAP Shortchanges 62,000 Pennsylvanians in Need
HARRISBURG, Pa., April 2, 2008 (PRIME NEWSWIRE) -- In a study released today, the Pennsylvania Gas Association (PGA) demonstrates how "inappropriate" the Pennsylvania Department of Public Welfare (DPW) acted in shutting off the LIHEAP program on March 21. The Association is concerned about the exclusion of 62,000 needy households that were slated to receive assistance under DPW's plan, but did not because Pennsylvania abruptly terminated the LIHEAP program. The program was closed despite continued availability of at least $13 million and possibly $22 million in funds.
SunOpta Completes Acquisition of Tradin Organic Agriculture of Amsterdam
TORONTO, April 2, 2008 (PRIME NEWSWIRE) -- SunOpta Inc. (Nasdaq:STKL) (TSX:SOY) today announced that it has completed the previously announced acquisition of the outstanding shares of The Organic Corporation B.V., operating as Tradin Organic Agriculture B.V. ("Tradin" or "the Company"). The purchase price consisted of cash paid on closing, notes payable and certain deferred payments which will be paid in the future based on the performance of the Company.
Solutia Raises Price On All Ascend and Vydyne Nylon Plastics and Polymers
ST. LOUIS, April 2, 2008 (PRIME NEWSWIRE) -- Solutia Inc. (NYSE:SOA) has announced a price increase of $0.10 per pound across its Ascend(r) and Vydyne(r) polyamide 66 resins in the North American market. This increase applies to orders shipped on or after April 15, 2008, and will be applied across the Ascend and Vydyne product families.
Pride International, Inc.
Pride International, Inc. Provides Update On Fleet Contract Status
HOUSTON, April 2, 2008 (PRIME NEWSWIRE) -- Pride International, Inc. (NYSE:PDE) today announced that its report of drilling rig status and contract information covering the company's fleet of offshore drilling rigs, its five drilling management projects, and a summary status of its Eastern Hemisphere-based land fleet, has been updated as of April 2, 2008. The updated report, titled "Monthly Fleet Update," is available through the company's website at www.prideinternational.com and can be accessed at the Investor Relations link.