latest news releases from the newsroom
Spector Roseman Kodroff & Willis, P.C.
Class Action Lawsuit on Behalf of Noteholders of Sears Roebuck Acceptance Corporation to Proceed Announce Much Shelist and Spector, Roseman & Kodroff, P.C. -- SRJ
PHILADELPHIA, Nov. 1, 2004 (PRIMEZONE) -- Lead Counsel, Much Shelist Freed Denenberg Ament & Rubenstein P.C. and Spector, Roseman & Kodroff, P.C. announce that the United States District Court for the Northern District of Illinois denied the defendants' motion to dismiss in part on September 24, 2004, allowing the class action to proceed against certain defendants and allowing plaintiffs to file a second amended complaint. The class is defined as all persons and entities who (1) purchased, pursuant to a prospectus, securities issued by Sears Roebuck Acceptance Corporation ("SRAC") (NYSE:SRJ) between October 24, 2001 and October 17, 2002 (the "Class Period") and (2) those who purchased during the Class Period, the publicly traded securities issued by SRAC before the Class Period and actively traded through the public markets and over national stock exchanges. The Second Amended Complaint will be filed on November 15, 2004.
Ahold transfers controlling interest in Disco to Cencosud
ZAANDAM, The Netherlands, Nov. 1, 2004 (PRIMEZONE) -- Ahold today announced it has partially completed the sale of its 99.94% controlling interest in Disco S.A. to Chilean retailer Cencosud S.A. by transferring the ownership of approximately 85% of the outstanding Disco shares. The remaining approximately 15% of the Disco shares will be transferred to Cencosud as soon as legally possible; currently these shares are subject to certain Uruguayan court orders processed and executed in Argentina, that might possibly prohibit their transfer.
Megola Inc. Announces Execution of $10 Million Standby Equity Distribution Agreement
CORUNNA, Ontario, Nov. 1, 2004 (PRIMEZONE) -- Megola, Inc. (OTCBB:MGOA), a leading solution provider in physical water treatment, microbiological control, wastewater treatment and air purification, announced today that Airam Capital Group, Inc., (www.airamcapital.com) an investment firm serving as advisor to the company, has facilitated a Standby Equity Distribution Agreement for the company. A financing commitment has been signed with Cornell Capital Partners, LP, a private New Jersey based private equity fund, to provide Megola with up to $10 million dollars in financing.
Making Order Out of Chaos -- Author Offers New Theories on What Creates Human Perception
WINNETKA, Ill., Nov. 1, 2004 (PRIMEZONE) -- It seems the world is almost drawn to chaos, especially when wars, famine and poverty destroy the lives of so many on a daily basis. Dan M. Mrejeru has studied the ideas of chaotic phenomena and complex human behavior and turned them into a riveting new book, Multiple Harmonies Create the Patterns of "Real World" from Chaos (now available through AuthorHouse).