latest news releases from the newsroom
Gardy & Notis, LLP
Gardy & Notis, LLP Files Amended Securities Fraud Class Action for Purchasers of Structured Repackaged Asset-Backed Trust Securities, Callable Class A Certificates, Series 2007-1, STRATS(SM) Trust for Ambac Financial Group, Inc. Securities, Series 2007-1 -- GJW
ENGLEWOOD CLIFFS, N.J., Jan. 20, 2009 (GLOBE NEWSWIRE) -- Gardy & Notis, LLP has filed an amended complaint in the securities fraud class action lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of Structured Repackaged Asset-Backed Trust Securities, Callable Class A Certificates, Series 2007-1, STRATS(SM) Trust for Ambac Financial Group, Inc. Securities, Series 2007-1 ("STRATS") (NYSE:GJW) from the date of issuance on June 29, 2007, through and including April 22, 2008 (the "Class Period").
XOMA Updates Guidance for 2008
BERKELEY, Calif., Jan. 20, 2009 (GLOBE NEWSWIRE) -- XOMA Ltd. (Nasdaq:XOMA) is updating its 2008 revenue guidance range to $65 to $70 million. This increase is based on higher than expected utilization of manufacturing capacity, additional work under the fully funded Novartis collaboration and increased royalty payments as discussed below. With this information, the Company is able to provide additional guidance that it expects its cash, cash equivalents and short-term investments at the end of 2008 to be approximately the same as reported at the end of the third quarter of 2008.
Age & Experience
Age & Experience, Employer Praises Employee for Continued Outstanding Work At 80 Years Old
HOUSTON, Jan. 20, 2009 (GLOBE NEWSWIRE) -- When Jim Strickland arrived at work on Friday on his 80th birthday, the machine designer expected the day to be like any other. But unlike most days -- or most birthdays -- the nonprofit group Age & Experience and Strickland's employer made sure he knew his unique contributions are well recognized on his birthday.
Hancock Holding Company
Hancock Holding Company Announces Earnings for 2008
GULFPORT, Miss., Jan. 20, 2009 (GLOBE NEWSWIRE) -- Hancock Holding Company (Nasdaq:HBHC) today announced net income for the year ended December 31, 2008. Hancock's 2008 net income was $65.4 million, a decrease of $8.5 million, or 11.5 percent, from 2007's net income of $73.9 million. Diluted earnings per share for 2008 were $2.05, a decrease of $0.22 from 2007's diluted earnings per share of $2.27. Hancock's return on average assets for 2008 was 1.02 percent compared to 1.26 percent for 2007.
Renasant Corporation Announces 2008 Earnings Results
TUPELO, Miss., Jan. 20, 2009 (GLOBE NEWSWIRE) -- Renasant Corporation (Nasdaq:RNST) (the "Company") today announced its earnings results for 2008. Net income for 2008 was $24,052,000 as compared to $31,101,000 for 2007. Basic and diluted earnings per share were $1.15 and $1.14, respectively, for 2008 compared to basic and diluted earnings per share of $1.66 and $1.64, respectively, for 2007.
Keller Rohrback L.L.P.
Keller Rohrback L.L.P. Appointed as Interim Lead Counsel in the Wachovia Savings Plan ERISA Class Action -- WFC
SEATTLE, Jan. 20, 2009 (GLOBE NEWSWIRE) -- Keller Rohrback L.L.P. (www.erisafraud.com) announces that the Honorable Naomi Reice Buchwald has appointed Keller Rohrback as Interim Lead Counsel for the proposed Class in In Re Wachovia Corporation ERISA Litigation. The ERISA case, which was previously consolidated by Judge Buchwald, is pending in the U.S. District Court for the Southern District of New York. The Complaint was filed on behalf of a Class of all persons who were participants in or beneficiaries of the Wachovia Savings Plan (the "Plan") between January 23, 2007 and the present (the "Class Period") and whose accounts included investments in Wachovia Corp. ("Wachovia") (NYSE:WFC) common stock.