latest news releases from the newsroom
Former DOE Official Accepts Responsibility, Reimburses Department
HOUSTON, April 30, 2005 (PRIMEZONE) -- Addressing the facts regarding his court appearance today, former U.S. Department of Education Undersecretary for Safe & Drug-Free Schools Eric Andell stated, "I have always been keenly aware of the privilege and the responsibility of serving the public. I consider it an honor to have served first as a State District Judge, then Justice on the Appellate Court and later as the U.S. Department of Education's Deputy Undersecretary for Safe & Drug-Free Schools."
Los Angeles World Airports
Airport Community Mourns Loss of Airport Police Officer
LOS ANGELES, April 29, 2005 (PRIMEZONE) -- The Los Angeles International Airport (LAX) police officer who died in the line of duty today was identified as Tommy Edward Scott, 35, a field training officer, who joined the force in 2001. He was the first LAX police officer killed in the line of duty in the 59-year history of the Airport Police force.
Law Office of Christopher J. Gray, P.C.
Attorney Christopher Gray Files Securities Fraud Class Action against BearingPoint Seeking Recovery of Investor Losses -- BE
NEW YORK, April 29, 2005 (PRIMEZONE) -- Attorney Christopher Gray of the Law Office of Christopher J. Gray, P.C. ((212) 838-3221 or email@example.com) filed a class action lawsuit on April 26, 2005 in the United States District Court for the Eastern District of Virginia, on behalf of persons who purchased or otherwise acquired the publicly traded securities of BearingPoint, Inc. ("BearingPoint" or the "Company") (NYSE:BE) between August 14, 2003 and April 21, 2005, inclusive (the "Class Period"). The lawsuit asserts claims against BearingPoint, Randolph C. Blazer, Robert S. Falcone and PricewaterhouseCoopers, LLP ("defendants"). The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated by the SEC thereunder and seeks to recover damages. Any member of the class may move the Court to be named lead plaintiff. If you wish to serve as lead plaintiff, you must move the Court no later than June 24, 2005.
Los Angeles World Airports
LAX Police Officer Dies in the Line Of Duty
LOS ANGELES, April 29, 2005 (PRIMEZONE) -- A Los Angeles International Airport (LAX) police officer died shortly before 11 a.m. today in the line of duty. The officer was on patrol on Lincoln Boulevard adjacent to the north perimeter of the airport. Preliminary information indicates the officer encountered a pedestrian and subsequent activities led to the crash of the officer's police sedan.
Marine Jet Technology Corp.
Marine Jet Technology Corp. Announces Completion of Exchange Transaction With Antik Denim, LLC
LOS ANGELES, April 29, 2005 (PRIMEZONE) -- Marine Jet Technology Corp. (OTCBB:MJET) ("Marine") today announced it has completed its exchange transaction with Antik Denim, LLC ("Antik"), a company formed in September 2004 to design, develop, manufacture, market, distribute and sell high end fashion jeans, apparel and accessories with a western flair under the "Antik Denim" brand. Effective as of the closing, Antik became the wholly-owned subsidiary of Marine. As a result of the closing, the historical business operations of Antik will comprise Marine's principal business operations going forward.
Kirby McInerney LLP
Kirby McInerney & Squire LLP Announces Settlement of eBay Shareholder Derivative Suit
NEW YORK, April 29, 2005 (PRIMEZONE) -- The law firm of Kirby McInerney & Squire, LLP announces that the parties have agreed to settle In re eBay, Inc. Shareholders Litigation, a shareholder derivative action commenced on behalf of eBay (NASDAQ:EBAY). The settlement is subject to the approval of the Delaware Chancery Court, where the action is pending. Under the terms of the settlement, certain officers/directors of eBay, Meg Whitman, Pierre Omidyar, Jeffrey Skoll and Robert Kagle, will collectively pay $3 million to eBay. Additionally, Goldman Sachs Group, Inc. (NYSE:GS), eBay's investment banking firm, will pay $395,000 to eBay. Plaintiffs believe that the proposed settlement is fair and beneficial to eBay and its shareholders. Kirby McInerney & Squire, LLP is co-lead counsel for the plaintiff shareholders in the lawsuit.
Donovan Axler, LLC
Donovan Searles, LLC Announces Filing of Shareholder Class Action Against BearingPoint, Inc. -- BE
PHILADELPHIA, April 29, 2005 (PRIMEZONE) -- The law firm of Donovan Searles, LLC, has filed a class action lawsuit in the United States District Court for the Eastern District of Virginia on behalf of all purchasers of BearingPoint, Inc. securities between August 14, 2003 and April 20, 2005, inclusive (the "Class Period"). The lawsuit was filed against BearingPoint, Inc. ("BearingPoint" or "the Company") (NYSE:BE), certain former officers, and BearingPoint's outside auditor, PricewaterhouseCoopers, LLP. The Complaint, entitled Sutton v. Bearing Point, Inc. et al., asserts claims for violations of the federal securities laws, as described below.