latest news releases from the newsroom
Pomerantz Law Firm Investigating Claims On Behalf of Investors in Rye Select Broad Market and Fairfield Sentry Fund
NEW YORK, Dec. 15, 2008 (GLOBE NEWSWIRE) -- Bernard M. Madoff's $50 billion "Ponzi scheme" has ensnared many individuals who unwittingly invested in funds managed by Madoff that, according to press reports, may now be wiped out. Such funds include the Rye Select Broad Market Fund and Fairfield Sentry Fund. While it remains to be seen what monies may be recoverable from Madoff, recoveries may be sought from firms that marketed these funds to investors, including Tremont Capital Management and Fairfield Greenwich Group. Such marketers had common law and other duties to conduct due diligence of Madoff's activities before recommending such investments, particularly since they received fees based on the purported profits and assets of these funds.
MetroCorp Bancshares Inc.
MetroCorp Bancshares, Inc. Receives Preliminary Approval to Participate in the U.S. Treasury Capital Purchase Program ($45 Million)
HOUSTON, Dec. 15, 2008 (GLOBE NEWSWIRE) -- MetroCorp Bancshares, Inc. ("the Company") (Nasdaq:MCBI), the bank holding company for MetroBank, N.A., and Metro United Bank, today announced that it has received preliminary approval to participate in the U.S. Department of Treasury's ("Treasury") Capital Purchase Program. As a participant in the program, the Treasury will purchase up to $45 million in senior preferred shares and receive warrants on standardized terms as described in the program's term sheet available at the U.S. Treasury's website located at http://www.treas.gov.
Talent Alliance, Inc.
Talent Alliance Announces Record Sales for Direct Placement Division in November
AUSTIN, Texas, Dec. 15, 2008 (GLOBE NEWSWIRE) -- Talent Alliance, Inc. (Pink Sheets:TLAN), announced today that its Direct Placement division, Soar Consulting, recorded a record $242,418 in placed sales for the month of November, eclipsing the previous single month record by over $25,000. Placed sales are candidates hired by customers, but not yet onboarded, so the actual accrual for these sales occurs in later months. The record month tallied 20 candidates placed with 12 different clients. All of the contingent placements are scheduled to begin employment within the next 6 weeks. Soar Consulting is a leading provider of military transition recruiting, specializing in military transition jobs, matching transitioning junior military officers (JMOs) and enlisted leaders and technicians with some of America's most respected companies.
David Neeleman's Brazilian Airline, Azul, Takes Flight
NEW YORK, Dec. 15, 2008 (GLOBE NEWSWIRE) -- JetBlue founder David Neeleman launches his fourth airline today, Azul Linhas Aereas Brasileiras S.A. The Brazilian domestic carrier will inaugurate service today between three cities: Campinas (Viracopos Airport), Salvador de Bahia, and Porto Alegre.
Emisphere Technologies, Inc.
Howard M. Pack, Member of the Emisphere Technologies Board of Directors, Dies At 90
CEDAR KNOLLS, N.J., Dec. 15, 2008 (GLOBE NEWSWIRE) -- Emisphere Technologies, Inc. (Nasdaq:EMIS), regrets to report the death of Howard M. Pack. Mr. Pack served as a member of the Board of Directors of the Company since its inception in 1986, as well as serving as Executive Vice President of Finance from 1986 until his retirement in October 1988. Mr. Pack was 90 years old and a lifelong resident of Scarsdale, New York.