latest news releases from the newsroom
Energy XXI Announces Cash Dividend
HOUSTON, Feb. 9, 2009 (GLOBE NEWSWIRE) -- Energy XXI (Bermuda) Limited (Nasdaq:EXXI) (AIM:EXXI) today announced that its board of directors has declared a regular quarterly cash dividend on the company's common stock.
Law Offices of Howard G. Smith
Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Rigel Pharmaceuticals, Inc.
BENSALEM, Pa., Feb. 9, 2009 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith announces that a securities class action lawsuit has been filed on behalf of all persons or entities who purchased or otherwise acquired the securities of Rigel Pharmaceuticals, Inc. ("Rigel") (Nasdaq:RIGL) between December 13, 2007 and October 27, 2008 (the "Class Period"), including all persons who acquired the common stock of Rigel pursuant and/or traceable to a false and misleading Registration Statement and Prospectus issued in connection with the Company's February 2008 secondary offering. The class action lawsuit was filed in the United States District Court for the Northern District of California.
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of NitroMed, Inc.
NEW YORK, Feb. 9, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of NitroMed ("NitroMed" or the "Company") (Nasdaq:NTMD) arising out of their attempt to sell the Company to Deerfield Capital. Under the terms of the agreement, shareholders of NitroMed will receive $0.80 for each share of NitroMed they own for a total transaction value of approximately $36 million. The transaction is unfair, given that, among other things, the Company's shares traded above $1.00 per share as recently as August 2008. Furthermore, NitroMed shareholders would receive substantially greater value if the Company simply completed the asset sale of its BiDil drug business and distributed the cash proceeds plus the Company's $17 million in cash to NitroMed shareholders as a dividend.
Vostok New Ventures Ltd.
Vostok Nafta: VOSTOK NAFTA TO RELEASE YEAR END REPORT WEDNESDAY FEBRUARY 11, 2009
Telephone Conference to be held on February 11, 2009 at 16:00 Central European
Vostok Nafta Investment Ltd. ("Vostok Nafta" or the "Company") announces that
the Year End Report for 2008 will be published on February 11, 2009.
The Company will hold a telephone conference with an interactive presentation
at 16:00 CET (10:00 a.m. EST) February 11, where Per Brilioth, Managing
Director of Vostok Nafta will be available to comment on the report and the
U-Haul International, Inc.
Photo Release -- Jerry Crumley Named President of U-Haul Company of North Texas
GARLAND, Texas, Feb. 9, 2009 (GLOBE NEWSWIRE) -- Jerry Crumley has been promoted to president of the U-Haul Company of North Texas. Crumley brings more than 23 years of experience to his new position, where he will be responsible for overseeing the daily operations of the company, including truck, trailer and storage rentals.
Brightpoint Announces Termination of Poison Pill
INDIANAPOLIS, Feb. 9, 2009 (GLOBE NEWSWIRE) -- Brightpoint, Inc. (Nasdaq:CELL) today announced that its Board of Directors has voted to terminate the Company's shareholders rights plan, or "poison pill." The Board's action will accelerate the current Expiration Date from April 12, 2014 to the close of business on February 27, 2009.