latest news releases from the newsroom
Cohen Milstein Sellers & Toll PLLC
Cohen, Milstein, Hausfeld & Toll, P.L.L.C. Announces Lawsuit on Behalf of Investors of BearingPoint, Inc. -- BE
WASHINGTON, April 26, 2005 (PRIMEZONE) -- The law firm of Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has filed a lawsuit on behalf of purchasers of the securities of BearingPoint, Inc. (NYSE:BE) ("BearingPoint" or the "Company") between August 14, 2003 and April 20, 2005, inclusive (the "Class Period"), in the United States District Court for the Eastern District of Virginia.
Roy Jacobs & Associates
Roy Jacobs & Associates Announces Class Action Lawsuit Brought On Behalf Of BearingPoint, Inc. Purchasers -- BE
NEW YORK, April 26, 2005 (PRIMEZONE) -- Roy Jacobs & Associates has filed a class action lawsuit on April 26, 2005 in the United States District Court for the Eastern District of Virginia on behalf of all purchasers who purchased BearingPoint, Inc. securities during the period August 14, 2003 to April 20, 2005 (the "Class Period"). The lawsuit was filed against BearingPoint, Inc. ("BearingPoint" or "the Company") (NYSE:BE), its former Chairman, Chief Executive Officer, and President Randolph C. Blazer, its former Chief Financial Officer Robert S. Falcone, and BearingPoint's outside auditor, PricewaterhouseCoopers, LLP. The Complaint sets forth allegations that the defendants violated the federal securities laws by defrauding purchasers of BearingPoint securities during the Class Period, as described below.
First California Financial Group, Inc.
National Mercantile 1Q05 Profits More Than Double Fueled by Expanding Margin, Improving Efficiencies and Strong Loan Growth
LOS ANGELES, April 26, 2005 (PRIMEZONE) -- National Mercantile Bancorp (Nasdaq:MBLA), the holding company for Mercantile National Bank and South Bay Bank, N.A., today reported its most profitable quarter in sixteen years. First quarter earnings increased 223% compared to the first quarter a year ago quarter and were up 39% from the immediate prior quarter. Fueled by expanding net interest margin, improving efficiencies and strong growth in loans and deposits, first quarter net income was $941,000, or $0.20 per diluted share, compared to $291,000, or $0.06 per diluted share in the first quarter of 2004 and $678,000 or $0.15 per diluted share, in the fourth quarter of 2004. The financial results are unaudited for the first quarters ended March 31, 2005 and 2004.