latest news releases from the newsroom
GlobeOp Financial Services
GlobeOp Names Edward Condon to Lead Electronic Marketplace Initiatives
NEW YORK and LONDON, June 13, 2005 (PRIMEZONE) -- GlobeOp Financial Services (GFSSM or GlobeOp(r)), a provider of fund administration and related support services for hedge funds, fund of funds, and high net worth family wealth offices, today announced that industry veteran Edward F. Condon has joined the company as director of business development for electronic marketplace initiatives. In this newly created position, Condon's primary duties are expected to involve building out GlobeOp's bridges to electronic trade execution platforms, trade booking, and additional outsource services that are linked to GlobeOp's processing business.
Glancy Binkow & Goldberg LLP
Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased Cray, Inc., Announces Class Action Lawsuit and Seeks to Recover Losses
LOS ANGELES, June 10, 2005 (PRIMEZONE) -- Notice is hereby given by Glancy Binkow & Goldberg LLP that a Class Action lawsuit was filed in the United States District Court for the Western District of Washington on behalf of a class (the "Class") consisting of all persons or entities who purchased or otherwise acquired securities of Cray, Inc. ("Cray" or the "Company") (Nasdaq:CRAY), between July 31, 2003 and May 12, 2005 , inclusive (the "Class Period").
Horizon Offshore Inc.
Horizon Offshore Announces Completion of Recapitalization
HOUSTON, June 10, 2005 (PRIMEZONE) -- Horizon Offshore, Inc. (Pink Sheets:HOFF) announced today that the Company has completed the second step of its previously announced recapitalization plan consisting of a debt for equity exchange. Pursuant to the recapitalization letter agreement dated March 31, 2005, the Company's subordinated note holders have exchanged approximately $85.0 million aggregate principal amount of subordinated notes and all of the outstanding shares of the Company's Series A Redeemable Participating Preferred Stock for one million shares of a new series of Series B Mandatorily Convertible Redeemable Preferred Stock (the Series B Preferred Stock) and 60,000,015 shares of common stock. Accrued and unpaid interest of approximately $2.9 million on the subordinated notes outstanding prior to the exchange transaction was cancelled.
PETCO Animal Supplies, Inc. Investors Have Until June 17, 2005 to Seek Appointment as Lead Plaintiff -- PETCE
NEW YORK, June 10, 2005 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) reminds investors that June 17, 2005 is the deadline to seek appointment by the Court as lead plaintiff in the class action lawsuit against PETCO Animal Supplies, Inc. ("PETCO" or the "Company") (Nasdaq:PETCE). A lawsuit was filed against the company and three of the Company's senior officers, on behalf of all persons or entities who purchased the securities of PETCO from November 18, 2004 to April 14, 2005 (the "class period"). The case was filed in the United States District Court, Southern District of California. The lawsuit is seeking to pursue remedies under the Securities Exchange Act of 1934.
Beacon's 'Fixed Annuity Premium Study' Reports First Quarter's Best-Selling Products
EVANSTON, Ill., June 10, 2005 (PRIMEZONE) -- MasterDex, an Allianz Life (NYSE:AZ) indexed annuity, was first quarter's top-selling product in the Beacon Research Fixed Annuity Premium Study for the third consecutive period. Two book value products -- New York Life's LifeStages/MainStay Single Premium Fixed Annuity(a) and Allstate Financial's (NYSE:ALL) Preferred Performance -- were number two and three, respectively. Sun Life's (NYSE:SLF) Keyport Index Multipoint took fourth place, while the ING US (NYSE:ING) Secure Index annuity came in fifth. First quarter sales were reported for some 208 products by 47 participating insurance companies.
COMSYS Information Technology Services, Inc.
COMSYS' SAS Center of Excellence Celebrates 15th Anniversary
CHICAGO, June 10, 2005 (PRIMEZONE) -- COMSYS Information Technology Services, Inc., a leading provider of technology staffing services, is observing the 15-year anniversary of its SAS technology center this month. Located in Kalamazoo, Michigan, the SAS Center of Excellence has performed over 1.5 million hours of clinical and non-clinical project work for 225 clients, including some of the most well-known companies in the biopharmaceutical industry.