latest news releases from the newsroom
Refco Litigation Trusts
Refco Litigation Trusts File Lawsuit Against Thomas H. Lee Partners and Related Entities for Role in Refco Fraud
NEW YORK, Aug. 8, 2007 (PRIME NEWSWIRE) -- The Refco Litigation Trusts announced today that they have filed a lawsuit against private equity firm Thomas H. Lee Partners, L.P. ("TH Lee"), Thomas H. Lee personally, several TH Lee representatives who served as officers and directors of Refco, and related parties, pertaining to their role in the fraud and subsequent Chapter 11 filing by Refco Inc. and certain of its direct and indirect subsidiaries. The lawsuit, filed in the United States District Court for the Southern District of New York, seeks hundreds of millions of dollars in damages and penalties from TH Lee and the related parties for common law claims arising from breach of fiduciary duty, unjust enrichment and receipt of illegal dividends, as well as bankruptcy claims for fraudulent conveyances and preferences.
Zecotek Photonics Inc.
Zecotek Announces Completion of Break-Through Green Fiber Laser and Files for Patent
VANCOUVER, British Columbia, Aug. 8, 2007 (PRIME NEWSWIRE) -- Zecotek Medical Systems Inc. (TSX-V:ZMS) (Frankfurt:W1I) today announced that it has completed the development of a break-through Green Fiber Laser that operates in all known wavelengths of the green spectral range. The company has filed a patent application with the U.S. Patent Office covering the unique intellectual property related to the Green Fiber Laser.
Bluefly Reports Second Quarter 2007 Results
NEW YORK, Aug. 8, 2007 (PRIME NEWSWIRE) -- Bluefly, Inc. (Nasdaq:BFLY), a leading online retailer of designer brands, fashion trends and superior value (www.bluefly.com), today announced strong growth in revenue and continued strong gross profit for the second quarter 2007.
Baldwin & Lyons, Inc.
Baldwin & Lyons Announces Officer and Director Changes
INDIANAPOLIS, Aug. 8, 2007 (PRIME NEWSWIRE) -- Baldwin & Lyons, Inc. (Nasdaq:BWINA, BWINB) today announced that Mr. Jon Mills will be retiring from the Board of Directors of the company, effective with yesterday's regular board meeting. Mr. Mills, Co-Chairman of Medline Industries, Inc., served as a director since 2004. The Company extends its gratitude for his service and counsel.