latest news releases from the newsroom
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of Image Entertainment Inc.
NEW YORK, Dec. 1, 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 Image Entertainment Inc. ("Image" or the "Company") (Nasdaq:DISK) arising out of their attempt to sell the Company to Nyx Acquisitions Inc. Under the terms of the agreement, Image shareholders will receive $2.75 for each share of Image stock they own for a total deal value of approximately $100 million, including debt. The price is unfair given that the Company's stock traded as high as $3.64 as recently as January 2, 2008.
Fossil, Inc. Announces Participation in Investor Conferences
RICHARDSON, Texas, Dec. 1, 2008 (GLOBE NEWSWIRE) -- Fossil, Inc. (Nasdaq:FOSL) announced today that the Company will be presenting at the Nasdaq OMX 22nd Annual Investor Program to be held at the Renaissance Chancery Court Hotel in London on Wednesday, December 3, 2008 at 2:30 p.m. Eastern Time. In addition, the Company will present at the J.P. Morgan Tenth SMid Cap Conference being held at the J.P. Morgan Conference Center in New York on Friday, December 5, 2008 at 11:45 a.m. Eastern Time. President, Mike Barnes and Executive Vice President and Chief Financial Officer, Mike Kovar will host the presentations providing an overview of the Company's business model, growth strategies and financial highlights.