latest news releases from the newsroom
The Shuman Law Firm
The Shuman Law Firm Investigates Datascope Corp.
BOULDER, Colo., Sept. 19, 2008 (GLOBE NEWSWIRE) -- Advertising Material -- The Shuman Law Firm today announced that it is investigating the proposed acquisition of Datascope Corp. ("Datascope" or the "Company") (Nasdaq:DSCP).
Franklin Bank Corp. Receives Extension From Nasdaq
HOUSTON, Sept. 19, 2008 (GLOBE NEWSWIRE) -- Franklin Bank Corp. (Nasdaq:FBTX) (AMEX:FBK-P.LF) ("Franklin") on September 17, 2008 was notified by the staff of The NASDAQ Stock Market (the "Nasdaq") that the Nasdaq Hearings Panel (the "Panel") has granted Franklin's request for continued listing of Franklin's common stock provided that on or before September 30, 2008 Franklin files with the Securities and Exchange Commission Franklin's Annual Report on Form 10-K for the year ended December 31, 2007 (the "Form 10-K") and its Quarterly Reports on Form 10-Q for the periods ended March 31, 2008 (the "March Form 10-Q") and June 30, 2008 (the "June Form 10-Q"). Pursuant to Nasdaq Marketplace Rule 4802(b), the Panel does not have discretion to extend the filing deadline for the Form 10-K beyond September 30, 2008. However, the Panel has recommended that the Nasdaq Listing and Hearing Review Council (the "Listing Council") call Franklin's case for review and allow the additional time needed for Franklin to file the Form 10-K, March Form 10-Q and June Form 10-Q. No assurances may be given that the Listing Council will grant Franklin's request for additional time.
The Pomerantz Firm Files Class Action Against Adviser and Trustees of the Primary Fund (PRFXX) of the Reserve Family of Funds -- LEHMQ
NEW YORK, Sept. 19, 2008 (GLOBE NEWSWIRE) -- Pomerantz Haudek Block Grossman & Gross LLP has filed a class action in the United State District Court, Southern District of New York, against the financial adviser, the underwriter, and the trustees of the Reserve Fund ("Reserve Fund" or the "Trust"). The action was brought on behalf of investors who owned shares in any class of the Primary Fund (or the "Fund"), a series of the Reserve Fund, who had not requested redemption of their shares by 3 p.m. E.S.T. on Tuesday, September 16, 2008.
Labaton Sucharow LLP
Labaton Sucharow Files Class Action Lawsuit Against Carter's, Inc. -- CRI
NEW YORK, Sept. 19, 2008 (GLOBE NEWSWIRE) -- Labaton Sucharow filed a class action lawsuit on September 19, 2008 in the United States District Court for the Northern District of Georgia, on behalf of all purchasers of the securities of Carter's, Inc. ("Carter's" or the "Company") (NYSE:CRI) between February 21, 2006 and July 24, 2007, inclusive. The lawsuit was filed against Carter's and certain officers and directors ("Defendants").
Riverview Bancorp, Inc.
Riverview Bancorp, Inc. to Increase Its Provision for Loan Losses in Second Quarter
VANCOUVER, Wash., Sept. 19, 2008 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq:RVSB) today announced that it expects to record a provision for loan losses of between $6.8 million to $7.3 million (pre-tax), or $0.63 to $0.68 per diluted share, during the second quarter of its fiscal year ending March 31, 2009. As a result of these actions, it currently expects the year to date provision for loan losses to be between $9.6 million and $10.1 million. This action will increase Riverview's allowance for loan losses to approximately 2.20% of total loans at September 30, 2008. After recording this increased provision for loan losses, Riverview will continue to be "well-capitalized" according to regulatory guidelines.
PricewaterhouseCoopers LLP to Discuss Governance, Risk and Compliance Issues At Oracle OpenWorld 2008
NEW YORK, Sept. 19, 2008 (GLOBE NEWSWIRE) -- PricewaterhouseCoopers LLP (PwC) Advisory principals Joe Atkinson and Joseph DeVita, and director Gregory Williams, will deliver presentations at Oracle(r) OpenWorld 2008 on how companies can best navigate today's complex Governance, Risk and Compliance (GRC) business environment. The presentations will focus around leveraging technology to support integrating GRC into business operations; the benefits of Oracle's GRC solutions; and how the public sector is impacted by GRC issues.