latest news releases from the newsroom
Robert Maltbie, Founder of Millennium Asset Management and Stockjock.com, Announces Release of Caution List
SANTA BARBARA, Calif., July 16, 2002 (PRIMEZONE) -- Millennium Asset Management founder Robert Maltbie has released a list of ex-Arthur Anderson clients that could be subject to further market downside. For a list of these companies visit Stockjock.com. "These companies may be vulnerable due to guilt by association, as well as lower top line revenue growth combined with deteriorating technicals. These companies also have a high relative price to earnings ratio," says Maltbie.
Murray, Frank & Sailer LLP
Rabin & Peckel LLP Commences Class Action Against Tellabs, Inc. and Certain Officers and Directors Alleging Violations of Federal Securities Law -- TLAB
NEW YORK, July 16, 2002 (PRIMEZONE) -- A class action Complaint has been filed in the United States District Court for the Northern District of Illinois, civil action number 02 c 5010, on behalf of all persons or entities who purchased Tellabs, Inc. ("Tellabs" or the "Company") (Nasdaq:TLAB) between December 11, 2000 and June 19, 2001, both dates inclusive (the "Class Period"). Tellabs, Michael J. Birck, and Richard C. Notebaert are named as defendants in this action.
Kirby McInerney LLP
Kirby Mcinerney & Squire LLP Announces Lawsuit Against Merrill Lynch -- MER
NEW YORK, July 16, 2002 (PRIMEZONE) -- Please take notice that the law firm of Kirby McInerney & Squire, LLP has commenced a class action lawsuit in the United States District Court for the Southern District of New York on behalf all persons who purchased the common stock of Merrill Lynch & Co., Inc. (NYSE:MER), in the period between July 3, 1999 and April 8, 2002 (the "class period").
Harwood Feffer LLP
Bondholder Lawsuit Commenced Against Worldcom, Inc., Certain of its Officers and Directors, and Arthur Andersen, LLP by Wechsler Harwood Halebian & Feffer LLP -- WCOME
NEW YORK, July 16, 2002 (PRIMEZONE) -- Wechsler Harwood Halebian & Feffer LLP ("Wechsler Harwood") commenced a class action on behalf of all persons who purchased or otherwise acquired the bonds of WorldCom, Inc. ("WorldCom") between April 26, 2001 and June 25, 2002 (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 ("1934 Act"). The complaint filed in the action names as defendants WorldCom, Bernard J. Ebbers, Scott D. Sullivan, WorldCom's Audit Committee members, and its auditor, Arthur Anderson, LLP. The action is pending in the United States District Court for the District of Mississippi at Jackson.
Harwood Feffer LLP
Wechsler Harwood Halebian & Feffer LLP Announces Class Action Against Merck & Co., Inc. -- MRK
NEW YORK, July 16, 2002 (PRIMEZONE) -- Notice is hereby given that a class action lawsuit was filed on July 9, 2002 in the United States District Court for the District of New Jersey, on behalf of all investors who bought Merck & Co., Inc. ("Merck" or the "Company") (NYSE:MRK) common stock between July 1, 1999 and June 21, 2002, inclusive (the "Class Period") against defendants Merck & Co., Inc. and certain of its senior officers and directors.
Hoenig Group Inc. Reports Financial Results for the Three and Six Months Ended June 30, 2002
RYE BROOK, New York, July 16, 2002 (PRIMEZONE) -- Hoenig Group Inc. (Nasdaq:HOEN) today reported financial results for the three- and six-month periods ended June 30, 2002. As previously announced, the Company sold Axe-Houghton Associates, Inc., its asset management operations, in three separate transactions which were completed on January 31, 2002, March 28, 2002 and April 26, 2002. These transactions and the results of Axe-Houghton Associates are reflected as discontinued operations for the periods indicated in the information below.
Chell Group Corporation
Chell Group Corporation Reports Third Quarter 2002 Financial Results
TORONTO, July 16, 2002 (PRIMEZONE) -- Chell Group Corporation (Other OTC:CHEL) today announced reporting of its financial results for the quarter ended May 31, 2002. The Company's total revenue for the 2002 Third Fiscal Quarter was $20,639,179 compared to $3,492,739 for the 2001 Third Fiscal Quarter, an increase of $17,146,440 or 490%.