latest news releases from the newsroom
Discovery Laboratories, Inc.
Securities Class Action Against Discovery Labs is Dismissed
WARRINGTON, Pa., May 13, 2008 (PRIME NEWSWIRE) -- Discovery Laboratories, Inc. (Nasdaq:DSCO), a biotechnology company developing its proprietary Surfactant Replacement Therapies (SRT) to address respiratory conditions, announced today that, on April 29, 2008, the U.S. Court of Appeals for the Third Circuit affirmed the dismissal of the Second Consolidated Amended Complaint that was filed against the Company and two of its executive officers in November 2006. The Court's order is now final and this matter is now concluded.
Scott+Scott LLP Files Class Action Lawsuit Against First Marblehead Corp. On Behalf of Investors -- FMD
NEW YORK, May 13, 2008 (PRIME NEWSWIRE) -- On May 12, 2008, Scott+Scott LLP filed a class action against First Marblehead Corp. ("First Marblehead" or the "Company") (NYSE:FMD), and certain officers and directors, in the U.S. District Court for the District of Massachusetts. The action is on behalf of those purchasing First Marblehead common stock during the period beginning August 10, 2006, to April 7, 2008, inclusive (the "Class Period"), for violations of the Securities Exchange Act of 1934. The complaint alleges that defendants made false and misleading statements and material omissions regarding the Company's business and operations and that, as a result, the price of the Company's securities was inflated during the Class Period, thereby harming investors.
DENTSPLY International Inc.
DENTSPLY International Inc. Declares Cash Dividend
YORK, Pa., May 13, 2008 (PRIME NEWSWIRE) -- DENTSPLY International Inc. (Nasdaq:XRAY) today announced that its Board of Directors declared a quarterly cash dividend of $0.045 per share of common stock, an indicated annual rate of $0.18 per share. The dividend is payable on July 8, 2008 to holders of record on June 27, 2008.
Nanosphere Announces First Quarter 2008 Results;
NORTHBROOK, Ill., May 13, 2008 (PRIME NEWSWIRE) -- Nanosphere, Inc. (Nasdaq:NSPH), a leader in the development and commercialization of advanced molecular diagnostics systems, today reported financial results for the first quarter ended March 31, 2008.
Avantair Inc. to Report Fiscal Third Quarter 2008 Financial Results On May 14
CLEARWATER, Fla., May 13, 2008 (PRIME NEWSWIRE) -- Avantair Inc. (OTCBB:AAIR), (OTCBB:AAIRU), (OTCBB:AAIRW) ("Avantair"), the only publicly traded stand-alone fractional operator and the exclusive provider of fractional shares in the Avanti P.180 aircraft, today announced that it will release its financial results for the third quarter of fiscal 2008 ended March 31, 2008 after the stock market close on Wednesday, May 14, 2008.
MercadoLibre, Inc. Reports Financial Results for First Quarter 2008
BUENOS AIRES, Argentina, May 13, 2008 (PRIME NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq:MELI) (http://www.mercadolibre.com), host of the largest online trading and payments platform in Latin America, today reported financial results for quarter ended March 31, 2008.
MMC Energy, Inc.
MMC Energy, Inc. Reports Results for Quarter Ended March 31, 2008
NEW YORK, May 13, 2008 (PRIME NEWSWIRE) -- MMC Energy, Inc. (Nasdaq:MMCE) announced that for the three months ended March 31, 2008, it had a net loss of approximately $1.63 million, or $0.12 per share, compared to a net loss of approximately $1.74 million for the three months ending March 31, 2007. Revenues for the three months ended March 31, 2008 were approximately $730,000 compared to $1.1 million for the three months ending March 31, 2007. The decrease in revenues from 2007 was due primarily to the cessation of ancillary spinning revenues, which occurred during the fourth quarter of 2007. Additionally, resource adequacy capacity revenues for the Company's Escondido facility is paid on a seasonally adjusted basis in 2008 vs. equal monthly installments in 2007.