latest news releases from the newsroom
Coram Announces Appointment of Chapter 11 Trustee
DENVER, March 13, 2002 (PRIMEZONE) -- Coram Healthcare Corporation (OTCBB:CRHEQ) and Coram, Inc., collectively referred to as Coram or the Company, today announced that Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware has approved the appointment of Arlin M. Adams, Esq., as Coram's Chapter 11 Trustee.
Canaan Energy Corp.
Canaan Acknowledges Acquisition Proposal From Chesapeake Energy Corporation
OKLAHOMA CITY, March 13, 2002 (PRIMEZONE) -- Canaan Energy Corporation ("Canaan") (Nasdaq:KNAN) today announced that the proposal by Chesapeake Energy Corporation to make a tender offer for Canaan shares for $12.00 per share in cash will be considered by the Board of Directors of the Company within the next few days. The Company has engaged CIBC World Markets Corp. as its financial adviser to assist in evaluating the proposal and to advise the Company with respect to all strategic alternatives. Further information will be made available concerning the Board's position at the conclusion of this evaluation.
Schiffrin Barroway Topaz & Kessler, LLP
Schiffrin & Barroway, LLP: Shareholder Files Class Action Against Enterasys Networks, Inc. -- ETS
BALA CYNWYD, Pa., March 13, 2002 (PRIMEZONE) -- A shareholder sued Enterasys Networks, Inc. ("Enterasys" or the "Company") (NYSE:ETS) claiming that the company misled investors about violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, as alleged in a complaint filed by the law firm of Schiffrin & Barroway, LLP.
VaxGen CEO Lance K. Gordon, Ph.D. to Present at Biotech/Healthcare Stocks Forum
RICHMOND, Va., March 13, 2002 (PRIMEZONE) -- Lance K. Gordon, Ph.D., CEO of VaxGen, Inc. (Nasdaq:VXGN), will present a company update at the Informed Investors Biotech/Healthcare Stocks Forum on Saturday, March 23, 2002. A previous announcement incorrectly indicated that VaxGen would be represented by Lance Ignon, Vice President of Corporate Communications.
Modern Times Group MTG AB: Sonet Film Produces English Feature Film
STOCKHOLM, Sweden, March 13, 2002 (PRIMEZONE) -- Modern Times Group MTG AB (Nasdaq:MTGNY), the international media group, today announced that it will begin production of an English-language feature film. This film will be made by the MTG-owned Sonet Film, Sweden's leading distributor and producer of feature films. The production of the first out of two English films will start this summer.