latest news releases from the newsroom
Keller Rohrback L.L.P.
Keller Rohrback L.L.P. Announces Investigation On Behalf of Retirement Savings and Pension Plans Affected by the Madoff Ponzi Scheme
SEATTLE, Dec. 23, 2008 (GLOBE NEWSWIRE) -- Attorney Advertising. Keller Rohrback L.L.P. (www.erisafraud.com) today announced that it is investigating the legal options of retirement savings and pension plans that have been affected by the long-running Ponzi scheme at Bernard Madoff Investment Securities ("Madoff"). The ongoing investigation by the U.S. Securities and Exchange Commission has revealed that Madoff kept several sets of books and false documents, and provided false information involving his advisory activities to investors and to regulators. It has been reported that this scheme has cost investors over 50 billion dollars. In addition, preliminary reports indicate that intermediaries who advised investment in Madoff knew or should have known that the firm was engaged in wrongdoing based on suspicious returns and other signals of misconduct.
Alico's Director Will Not Stand for Re-Election to Board of Directors
LABELLE, Fla., Dec. 23, 2008 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced today that Phillip S. Dingle will not stand for re-election to Alico, Inc.'s Board of Directors in February 2009. He will serve out his current term on the Board.
Direct Edge and International Securities Exchange Complete Partnership Transaction
JERSEY CITY, N.J. and NEW YORK, Dec. 23, 2008 (GLOBE NEWSWIRE) -- Direct Edge Holdings (Direct Edge), the parent company of Direct Edge ECN, and the International Securities Exchange (ISE) announced today that they have completed the transaction through which the ISE Stock Exchange has become a wholly owned subsidiary of Direct Edge Holdings. Upon completion of the transaction, ISE also gained a significant equity stake in Direct Edge.
Pet DRx Corporation
Zubeen Shroff Resigns From Pet DRx Board
BRENTWOOD, Tenn., Dec. 23, 2008 (GLOBE NEWSWIRE) -- Pet DRx Corporation (Nasdaq:VETS) today announced that Zubeen Shroff has resigned as a member of the Company's Board of Directors effective December 17, 2008 in order to devote more time to his duties as Managing Director of Galen Partners. Mr. Shroff has served as Vice Chairman of the Board of Directors since January 2008 and was Chair of the Company's Compensation Committee.
Steiner Leisure Limited
Steiner Leisure Limited Announces Amendment to Agreement With Seabourn Cruise Line
NASSAU, The Bahamas, Dec. 23, 2008 (GLOBE NEWSWIRE) -- Steiner Leisure Limited (Nasdaq:STNR) today announced that it has entered into an amendment to extend the term of its agreement with Seabourn Cruise Line through December 2014 and to provide that Steiner will serve Seabourn's new "Odyssey" class vessels upon their completion. The "Odyssey" class is proposed to consist of three ships, the first of which is anticipated to enter service in June 2009. Under its agreement with Seabourn, Steiner provides spa, beauty and wellness services and products on Seabourn vessels.
Shepherd Smith Edwards & Kantas
Shepherd, Smith, Edwards & Kantas Investigates Claims Against UBS International Throughout Latin America
HOUSTON, Dec. 23, 2008 (GLOBE NEWSWIRE) -- Shepherd, Smith, Edwards & Kantas LLP (www.sseklaw.com), a firm that specializes in litigation/arbitration involving securities fraud and brokerage firm misconduct, is investigating claims on behalf of clients of UBS International ("UBSI"). The law firm represents, and has spoken to, UBSI clients, both out of the Miami and Houston offices, who are potential victims of improper conduct on the part of UBSI financial consultants and management. Specifically, the allegations center around UBSI financial consultants recommending to their clients the use of loans, usually through UBS AG bank, to purchase securities, such as stocks or mutual funds, and also to fund potentially unnecessary life insurance products. The loan is usually provided through the use of a foreign currency such as the Japanese Yen.
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of Scopus Video Networks Ltd.
NEW YORK, Dec. 23, 2008 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of Scopus Video Networks Ltd. ("Scopus" or the "Company") (Nasdaq:SCOP) arising out of their attempt to sell the Company to Harmonic, Inc. ("Harmonic"). Under the terms of the agreement, shareholders of Scopus will receive $5.62 cash for each share of Scopus they own. The total transaction value is $51 million. The transaction is unfair, given that, among other things, on November 10, 2008 the Company announced record results for the third-quarter 2008 of $19.9 million -- a 31% increase from the $15.2 million reported in the third quarter of 2007 and because Harmonic has already received voting agreements in favor of the proposed transaction of approximately 50% of SCOP's outstanding shares thereby rendering the proposed transaction a fait accompli.
Beware That Cup of Coffee! -- New Book Proposes Disturbing Connections to Some Diseases
LODI, Calif., Dec. 23, 2008 (GLOBE NEWSWIRE) -- We wake up in the morning and grab that freshly brewed cup of coffee. But just how safe is this drink? In this startling new book that is bound to raise controversy, author Lynette Ann Yount proposes disturbing connections between caffeine, certain diseases like Huntington's and similar ailments, and concludes that Caffeine Killed My Family.
U-Haul International, Inc.
U-Haul Offers 30 Days of Free Storage to Burncliff Apartment Fire Victims
BURNSVILLE, Minn., Dec. 23, 2008 (GLOBE NEWSWIRE) -- The U-Haul Company of Minnesota is offering 30 days of free storage to families who have been displaced by the recent apartment fire in the Burncliff Apartment Complex. Families needing more information about the 30-day free self-storage assistance program should contact the following storage facility.