latest news releases from the newsroom
Proposal Software, Inc.
Proposal Software, Inc.'s Innovative Proposal Management Platform -- PMAPS -- to be Showcased At the Institutional Investor Institute's Sr. Delegates Roundtable; Event to be Held Jan. 16-18, At the Four Seasons Resort in Jackson Hole, Wyoming
WESTPORT, Conn. and JACKSON HOLE, Wyo., Jan. 15, 2008 (PRIME NEWSWIRE) -- Proposal Software, Inc., The Leader In Proposal Productivity(tm), will be showcasing its innovative Proposal Management and Production System (PMAPS(r)) at the Institutional Investor Institute's Senior Delegates Roundtable event 'As the Rules of Client Engagement Change, Will Your Firm Be Prepared?' to be held January 16 through January 18 at The Four Seasons Resort in Jackson Hole, Wyoming.
SecurePort Conference Returns to Houston
HOUSTON, Jan. 15, 2008 (PRIME NEWSWIRE) -- The integration of the commercial transportation community in the ongoing processes of security planning and crucial multi-level execution will be the key focus as hundreds of delegates gather for the SecurePort(r) 2008 Conference, to be held in Houston during January 28-30, 2008, at the Hilton Houston Post Oak, located at 2001 Post Oak Boulevard in Houston, Texas.
Pomerantz Firm Comments On Supreme Court Decision in StoneRidge v. Scientific-Atlanta, Inc.
NEW YORK, Jan. 15, 2008 (PRIME NEWSWIRE) -- Today's Supreme Court decision in StoneRidge Investment Partners LLC v. Scientific-Atlanta, Inc., et al. (No. 06-43) reaffirms the existence of the private cause of action under Section 10(b) of the Securities Exchange Act of 1934, which continues to cover secondary actors who commit primary violations such as lawyers, accountants and bankers. While holding that under the circumstances presented by the case the investors could not be said to have relied on defendants' deceptive conduct, the Court drew a distinction between the transactions occurring in the "realm of ordinary business operations" and those in "the realm of financing business." The Court also recognized that the reasoning of the court below, to the extent it attempted to limit Section 10(b) to oral or written statements, was erroneous. Instead, the Supreme Court accepted petitioner's argument that "conduct can be deceptive."
Momenta Pharmaceuticals to Present At Stanford Group Company 13th Annual Healthcare Conference
CAMBRIDGE, Mass., Jan. 15, 2008 (PRIME NEWSWIRE) -- Momenta Pharmaceuticals, Inc. (Nasdaq:MNTA), a biotechnology company specializing in the characterization and engineering of complex drugs, today announced that Richard Shea, Chief Financial Officer, will deliver a corporate presentation at the Stanford Group Company 13th Annual Healthcare Conference on Thursday, January 17th at 10:30 a.m. EST. The conference will be held at The Four Seasons Hotel in Washington, D.C.
Central Jersey Bancorp
Central Jersey Bancorp Announces Common Stock Repurchase Program
LONG BRANCH, N.J., Jan. 15, 2008 (PRIME NEWSWIRE) -- Central Jersey Bancorp (Nasdaq:CJBK), the parent company of Central Jersey Bank, N.A., announced that its Board of Directors has authorized a common stock repurchase program. Under the program, Central Jersey Bancorp may repurchase up to 500,000 shares, or 5.7%, of the 8,745,990 shares of its common stock currently outstanding. Repurchases may be made from time to time in the open market, in privately negotiated transactions or in such other manner deemed appropriate by management. The program is expected to continue over the next twenty four months or for such shorter or longer period of time as Central Jersey Bancorp may determine. The repurchased shares are to be held in treasury by Central Jersey Bancorp and used for general corporate purposes. Central Jersey Bancorp's repurchase activities will take into account SEC safe harbor rules and guidance for issuer repurchases.
Park National Corporation
Park National Corporation Reports 4Q Impairment Charge
NEWARK, Ohio, Jan. 15, 2008 (PRIME NEWSWIRE) -- Park National Corporation (Park) (AMEX:PRK) reported today it will take a $54 million impairment charge to earnings for the fourth quarter 2007, based on an analysis of the goodwill value of its Vision Bank subsidiary. Vision Bank, acquired by Park in March 2007, has recently experienced significant asset value deterioration in its loan portfolio, largely due to a decline in property values in its Gulf coast markets.