latest news releases from the newsroom
Consolidated Complaint in Mutual Fund Litigation to be Filed September 29, 2004
NEW YORK, Sept. 15, 2004 (PRIMEZONE) -- The Pomerantz Firm (www.pomerantzlaw.com) was recently appointed as lead counsel in four nationwide mutual fund derivative litigations involving allegations of "market timing" and "late trading." The Firm has primary responsibility in those cases involving the Putnam, Alliance, MFS and Federated families of funds. The firm is seeking not only compensation for the damages directly caused by the market timing, but also to recover the hundreds of millions of dollars of fees the funds paid out to their advisors, without being told of their advisors' complicity in these activities. Consolidated complaints are due to be filed in all four of these actions on September 29, 2004. If you purchased securities in any of these funds and would like more information or to discuss the case, please contact Andrew G. Tolan, Esq. of the Pomerantz Firm at 888.476.6529 or at firstname.lastname@example.org. Those who inquire by email are encouraged to include their mailing address and telephone number.
Credit Acceptance Corporation
Credit Acceptance Corporation Announces Final Results of its Modified Dutch Auction Tender Offer
SOUTHFIELD, Mich., Sept. 15, 2004 (PRIMEZONE) -- Credit Acceptance Corporation (Nasdaq:CACC) today announced the final results of its modified dutch auction tender offer, which expired at 5:00 p.m. Eastern Standard Time, on September 9, 2004. Credit Acceptance commenced the tender offer on August 11, 2004 to purchase up to 3,000,000 shares of its common stock at a price between $14.00 and $20.00 per share, net to the seller in cash, without interest.