latest news releases from the newsroom
Sempra Energy Earns Top-Five Industry Ranking On Fortune's 2007 'Most Admired' List
SAN DIEGO, March 5, 2007 (PRIME NEWSWIRE) -- Sempra Energy (NYSE:SRE), an energy services holding company, has earned a No. 4 ranking among electric and gas utilities on Fortune magazine's 2007 "Most Admired Companies" list, published today. It is the first time the eight-year-old company has achieved a top industry ranking in the magazine's prestigious annual report card on corporate reputations.
Significant Decision Regarding Appointment of Lead Plaintiff in Comverse Technology Securities Fraud Class Action -- CMVT
NEW YORK, March 5, 2007 (PRIME NEWSWIRE) -- By a decision dated March 2, 2006, Judge Nicholas G. Garaufis vacated a Magistrate Judge's appointment of Lead Plaintiff and Lead Counsel in the securities fraud class action arising out of massive improper backdating of options at Comverse Technology, Inc. (Pink Sheets:CMVT) (In re Comverse Technology Inc. Sec. Litig., 06 CV 1825 (NGG)(RER) (E.D.N.Y.)). According to a complaint filed by the SEC, from 1991-2002, senior officers of the Company repeatedly "cherry picked" option grant dates when the Company's stock was trading at a relatively low market price, and then fabricated paperwork to cover up the selection process. Additionally, beginning in 1999, Defendants created a "slush fund" of backdated options issued to fictitious employees which were then awarded to actual employees at later dates.
Nalco Named Member of U.S. Green Building Council
NAPERVILLE, Ill., March 5, 2007 (PRIME NEWSWIRE) -- Nalco Company (NYSE:NLC), the leading global provider of integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications, announced today it has become a member of the U.S. Green Building Council (USGBC). The Council is the foremost coalition of leaders from across the United States building industry working to promote buildings that are environmentally responsible, profitable and healthy places to live and work.