latest news releases from the newsroom
Faruqi & Faruqi LLP
Faruqi & Faruqi, LLP Announces Class Action Lawsuit Filed Against Sequenom, Inc. -- SQNM
LOS ANGELES, May 5, 2009 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a law firm with extensive experience in prosecuting claims for securities fraud, has filed a lawsuit on behalf of a class of shareholders who purchased or otherwise acquired the securities of Sequenom, Inc. ("Sequenom" or the "Company") (Nasdaq:SQNM). The complaint seeks remedies under the federal securities laws against Sequenom and certain of its executive officers and was filed in the United States District Court for the Southern District of California. A copy of the complaint filed in this action can be viewed on the firm's website at www.faruqilaw.com
Aventine Renewable Energy Holdings, Inc.
Court Enters Final Order Approving Aventine's DIP Financing
PEKIN, Ill., May 5, 2009 (GLOBE NEWSWIRE) -- Aventine Renewable Energy Holdings, Inc. (Pink Sheets:AVRNQ), a leading producer of ethanol in the U.S., today announced that the Bankruptcy Court in the District of Delaware has entered a final Order approving its debtor-in-possession ("DIP") financing. This final Order will allow the Company to access the remaining $15 million under its DIP financing when it is needed. As of May 5, 2009, Aventine had cash and cash equivalents totaling $22.3 million, not including the additional $15 million available to it as a result of the final DIP financing Order.
Heritage-Crystal Clean, Inc.
Heritage-Crystal Clean, Inc. Announces 2009 First Quarter Financial Results
ELGIN, Ill., May 5, 2009 (GLOBE NEWSWIRE) -- Heritage-Crystal Clean, Inc. (Nasdaq:HCCI), a leading provider of parts cleaning, hazardous and non-hazardous waste services to small and mid-sized customers, today announced results for the first fiscal quarter of 2009, which ended March 28, 2009.
Hill International, Inc.
Hill International Reports First Quarter 2009 Financial Results
MARLTON, N.J., May 5, 2009 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today financial results for the first quarter ended March 31, 2009 (see attached tables). Total revenue for the first quarter of 2009 rose to $103.9 million, an increase of 28.5% over the first quarter of 2008. Consulting fee revenue for the first quarter of 2009 grew to $92.1 million, an increase of 32.3% from the first quarter of 2008. In the first quarter of 2009, Hill's consulting fee revenue growth was comprised of 22.5% organic growth and 9.8% growth from acquisitions.
First National Bancshares, Inc.
First National Bancshares in Compliance With NASDAQ
SPARTANBURG, S.C., May 5, 2009 (GLOBE NEWSWIRE) -- First National Bancshares, Inc. (Nasdaq:FNSC) announced today it is now in compliance with NASDAQ listing standards. The issue with its listing was related to a delay in First National Bancshares' 2008 10-K filing, which it submitted to the SEC on May 1, 2009.
Emulex Advises Stockholders to Take No Action At This Time in Response to Broadcom Tender Offer
COSTA MESA, Calif., May 5, 2009 (GLOBE NEWSWIRE) -- Emulex Corporation (NYSE:ELX) today said its Board of Directors, consistent with its fiduciary duties and with the assistance of its financial and legal advisors, Goldman, Sachs & Co. and Gibson, Dunn & Crutcher LLP, will review the tender offer commenced today by Broadcom Corporation (Nasdaq:BRCM) to acquire all of the outstanding shares of Emulex for $9.25 per share in cash. The Broadcom tender offer requires no action by Emulex stockholders at this time. The Company also said it will review Broadcom's consent solicitation and urged stockholders at this time not to take any action on the consent solicitation. The Emulex Board will make its recommendation on the tender offer and respond to the consent solicitation in due course.
Transocean Ltd. Provides Fleet Update Summary
ZUG, Switzerland, May 5, 2009 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) today issued a monthly fleet update summary covering only newly signed contracts, significant changes to existing contracts and changes to estimated out of service time of 60 days or more since our fleet status report dated April 2, 2009.