latest news releases from the newsroom
The Shuman Law Firm
Shuman & Berens LLP Announces That a Shareholder Lawsuit Has Been Filed Against Certain Board of Directors and Officers of Flowserve Corporation -- FLS
DENVER, Oct. 13, 2006 (PRIMEZONE) -- The law firm of Shuman & Berens LLP (www.shumanberens.com) today announced that a shareholder derivative lawsuit has been filed in the United States District Court for the Northern District of Texas, Dallas Division against certain board of directors and officers of Flowserve Corporation (NYSE:FLS). The lawsuit alleges, among other things, that the defendants breached their fiduciary duties by knowingly disseminating to shareholders false and misleading information regarding the company's financial performance. As a result of the alleged improprieties, the company has announced that it has restated its financial results for certain prior years.
Court Again Certifies Class Action Against St. Jude Medical, Inc. -- STJ
MINNEAPOLIS, Oct. 13, 2006 (PRIMEZONE) -- Today U.S. District Court Judge John R. Tunheim granted class certification to more than 11,000 people nationwide who received one of St. Jude Medical's Silzone heart valves, enabling them to pursue their consumer fraud claims for recovery of expenses associated with the allegedly defective device. The class action consists of all persons in the United States who were implanted with the flawed device prior to St. Jude Medical (NYSE:STJ) disclosing the life threatening risks associated with the device.
Smart-tek Solutions Inc.
Smart-tek Starts Work on $250,000 Contract
CORTE MADERA, Calif., Oct. 13, 2006 (PRIMEZONE) -- Smart-tek Solutions, Inc. (OTCBB:STTK) announced today that its operating subsidiary Smart-tek Communications Inc. ("SCI"), has commenced work on the security, voice and data contract for the Cielo project. The value of the contract is in excess of $250,000.00.
Sempra Energy and Utilities Settle Litigation With State Regulators and Attorney General
SAN DIEGO, Oct. 13, 2006 (PRIMEZONE) -- Sempra Energy and its California utilities, San Diego Gas & Electric (SDG&E) and Southern California Gas Co. (SoCalGas), today announced the settlement of a lawsuit brought by the California Public Utilities Commission (CPUC) and California Attorney General related to service curtailments of certain industrial SDG&E natural gas customers in 2000-01. The settlement also resolves two CPUC investigations related to the price of natural gas and affiliate-compliance issues.
Donovan Axler, LLC
Donovan Searles, LLC Announces $78,468,415 Class Action Verdict on Behalf of Pennsylvania Hourly Employees of Wal-Mart Stores, Inc. -- WMT
PHILADELPHIA, Oct. 13, 2006 (PRIMEZONE) -- Donovan Searles, LLC announces a $78,468,415 verdict following a six-week class action jury trial against Wal-Mart Stores, Inc. (NYSE:WMT). The verdict was entered in favor of a class of approximately 186,000 Pennsylvania hourly employees at Wal-Mart stores throughout the state.