latest news releases from the newsroom
Scott+Scott Files Investor Class Action Against St. Jude Medical
COLCHESTER, Conn., May 4, 2006 (PRIMEZONE) -- On May 4, 2006, Scott+Scott filed a securities class action against St. Jude Medical, Inc. (NYSE:STJ) ("St. Jude Medical" or the "Company"), in the United States District Court for the District of Minnesota on behalf of all securities purchasers from January 25, 2006 through April 4, 2006, inclusive ("Class Period"). St. Jude, together with its subsidiaries, develops, manufactures and distributes cardiovascular medical devices for the global cardiac rhythm management, cardiac surgery, cardiology and atrial fibrillation therapy areas as well as implantable neuromodulation devices. According to the complaint, defendants made false and misleading statements in the Company's public financial statements, thereby artificially inflating the Company's stock price.
GulfMark Offshore, Inc.
GulfMark Offshore Reports 1st Quarter 2006 Results
HOUSTON, May 4, 2006 (PRIMEZONE) -- GulfMark Offshore, Inc. (Nasdaq:GMRK) today announced net income of $6.3 million, or $0.30 per diluted share on revenue of $47.7 million for the quarter ended March 31, 2006. This compares to net income of $8.9 million, or $0.43 per share (diluted) on revenue of $48.1 million for the first quarter of 2005.
Pomerantz Haudek Block Grossman & Gross LLP Files Class Action Lawsuit against PXRE Group Ltd. -- PXT
NEW YORK, May 4, 2006 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) ("Pomerantz") has filed a class action lawsuit in the United States District Court for the Southern District of New York, against PXRE Group Ltd. ("PXRE" or the "Company") (NYSE:PXT) and certain of its officers, on behalf of purchasers of PXRE securities during the period from July 28, 2005 to February 16, 2006, both dates inclusive (the "Class Period"). The complaint alleges violations of Section 10(b) and Section 20(a) of the Securities Exchange Act, and Rule 10b-5 promulgated thereunder.
Discovery Laboratories, Inc.
Discovery Labs Announces Corporate Reorganization and Personnel Reduction
WARRINGTON, Pa., May 4, 2006 (PRIMEZONE) -- Discovery Laboratories, Inc. (Nasdaq:DSCO) today announced that it has reduced the number of employees and reorganized corporate management in order to lower its cost structure and appropriately align Discovery's operations with business priorities. Discovery is taking these actions based upon its current expectations of the financial impact of a delay in the regulatory approval and commercial launch of Surfaxin(r) for Respiratory Distress Syndrome (RDS) in premature infants. The Company is reducing its workforce by 55 employees which represents approximately 34% of its workforce. The reduction is across all functions of the Company but with a primary emphasis on the commercial infrastructure which is no longer in Discovery's near-term plans.
AMERCO / U-Haul
AMERCO Declares Preferred Stock Dividend
RENO, Nev., May 4, 2006 (PRIMEZONE) -- On May 3, 2006, the Board of Directors of AMERCO (Nasdaq:UHAL), the parent of U-Haul International, Inc., Oxford Life Insurance Company, Republic Western Insurance Company and Amerco Real Estate Company, declared a regular quarterly cash dividend of $.53125 per share on its Series A, 8 1/2 percent Preferred Stock (NYSE:AO+A). The dividend will be payable June 1, 2006 to holders of record on May 15, 2006
Stolt-Nielsen S.A. Purchased 147,050 of Its Common Shares
LONDON, May 4, 2006 (PRIMEZONE) -- Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo:SNI) announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 147,050 of SNSA Common Shares on the Oslo Stock Exchange at an average price of NOK 164.53 per share (approximately $26.86 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing Company to purchase up to $200 million worth of its Common Shares or related American Depositary Shares.