latest news releases from the newsroom
Emerson Poynter LLP
The Emerson Firm Announces Class Action Lawsuit Against Mutual Risk Management Ltd. on Behalf of Investors -- MLRME
LITTLE ROCK, Ark., June 26, 2002 (PRIMEZONE) -- The Emerson Firm, a securities class action trial law firm, announced today that a class action has been filed in the United States District Court for the Southern District of California on behalf of purchasers of Mutual Risk Management Ltd. ("Mutual Risk" or the "Company") (Pink Sheets:MLRME) previously (NYSE:MM) publicly traded securities during the period between February 16, 2000 and April 2, 2002, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be obtained from the Firm.
The Pomerantz Firm Files Suit Against Merrill Lynch and Henry Blodget on Behalf of Investors of GoTo.com -- OVER
NEW YORK, June 26, 2002 (PRIMEZONE) -- Pomerantz Haudek Block Grossman & Gross (www.pomerantzlaw.com) has filed a class action charging Merrill Lynch & Co., Inc. ("Merrill Lynch") and its former Internet research analyst Henry M. Blodget ("Blodget") with issuing misleading analyst reports about GoTo.com, Inc. ("GoTo" or the "Company" and now known as Overture Services, Inc.) (Nasdaq:OVER). The case was filed on behalf of investors who purchased the common stock of GoTo during the period between January 11, 2001 through June 6, 2001, inclusive (the "Class Period").
Gastar Exploration Ltd.
Gastar Announces Closing of Lease Exchange and Purchase Agreement That Increases its Powder River Basin Acreage Position to 40,000 Net Acres
MT. PLEASANT, Mich., June 26, 2002 (PRIMEZONE) -- Gastar Exploration, Ltd. (TSE:YGA) is pleased to announce that it has signed a Lease Exchange and Purchase Agreement with Lance Oil & Gas Company, Inc., Williams Production RMT Company and Western Gas Resources, Inc. (collectively "Lance/Williams/WGR") that results in Gastar and its affiliates trading approximately 5,457 net acres of coal bed methane rights in the Amos Draw area of the Powder River Basin for approximately 21,828 net acres of coal bed methane leases in an area immediately adjacent to Gastar's existing Squaw Creek development area. In addition, Gastar acquired 2,999 additional net acres of coal bed methane leases in the Squaw Creek area and has reimbursed Lance/Williams/WGR for its costs in 35 wells drilled by itself and other operators on a portion of the leases acquired through trade or acquisition. As a result of the transactions described above, Gastar has paid a total of $1,134,594 in cash to Lance/Williams/WGR, subject to adjustments subsequent to closing. No Gastar stock or any other securities have been or will be issued as a result of these transactions.
Ocwen Financial Corp.
Regions Mortgage Selects Ocwen Technology Xchange for Enhanced Vendor Management
WEST PALM BEACH, Fla., June 26, 2002 (PRIMEZONE) -- Ocwen Technology Xchange, Inc. (OTX), a subsidiary of Ocwen Financial Corporation (NYSE:OCN), announced today that Regions Mortgage, Incorporated has selected the REALTrans(r) platform as its enterprise-wide vendor management and transaction system. REALTrans provides a single Internet-based platform from which to order, confirm, manage and fulfill third party mortgage-related products and services.