latest news releases from the newsroom
Shepherd Smith Edwards & Kantas
The Law Firm of Shepherd Smith Edwards & Kantas Investigates Claims Involving 'Preferred' Stocks
HOUSTON, Nov. 7, 2008 (GLOBE NEWSWIRE) -- The Securities Law Firm of Shepherd Smith Edwards & Kantas LLP, (www.sseklaw.com), is currently investigating claims on behalf of investors who have sustained economic losses as a result of overconcentration in "preferred" stocks issued by financial companies. Many financial based companies (mortgage companies, banks and brokerage firms) began issuing shares of preferred stock earlier this year in an effort to raise much needed cash. Many brokerage firms, including UBS, Morgan Stanley (Symbol: MS) and Citigroup (Symbol: C), were either involved in the underwriting or marketing of these products. Its possible that extra "sales credits" were utilized to incentivize brokers into marketing of these products. Based on contact with dozens of investors, it appears there was a rash of sales to investors of preferred stocks issued by financial companies. This has resulted in many investor complaints involving Brokerage firms overconcentrating clients in securities issued by financial based companies. Examples include overconcentration in issues of Fannie Mae (Symbol: FM), Freddie Mac (Symbol: FRE), Washington Mutual (Symbol: WM), Lehman Brothers (Symbol: LEH), Wachovia (Symbol: WB), Bear Stearns (Symbol: BST), and Merrill Lynch (Symbol: MER).
Grupo Aeroportuario del Centro Norte S.A.B. de C.V.
OMA's October 2008 Total Passenger Traffic Decreases 10.5 Percent
MONTERREY, Mexico, Nov. 7, 2008 (GLOBE NEWSWIRE) -- Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, reports that total passenger traffic (terminal passengers) at its 13 airports decreased 10.5% in October 2008, as compared to October 2007.
ROK Entertainment Group Inc.
ROK Re-Aligns With Change of Management
LONDON, Nov. 7, 2008 (GLOBE NEWSWIRE) -- ROK Entertainment Group Inc. (OTCBB:ROKE), the mobile entertainment company, today announces it has undergone a process of re-alignment to include a management reorganization.