latest news releases from the newsroom
Keller Rohrback L.L.P.
Keller Rohrback L.L.P. Announces Class Certified in Washington Mutual, Inc. ERISA Pension Plan Litigation -- WM
SEATTLE, July 29, 2008 (PRIME NEWSWIRE) -- Keller Rohrback L.L.P. (www.erisafraud.com) announces that on July 24, 2008, U.S. District Judge Marsha J. Pechman issued an order certifying a class of participants in the pension plans sponsored by Washington Mutual, Inc. ("Washington Mutual" or the "Company") (NYSE:WM) and three predecessor banks in the U.S. District Court for the Western District of Washington. This class action suit alleges that Washington Mutual and the predecessor banks failed to provide adequate notice to plan participants that pension plan amendments involving conversions to cash balance plan formulas reduced their rate of future benefit accrual. The certified subclasses include:
U-Haul International, Inc.
Photo Release -- Patrick Goodwin Named President of U-Haul Company of Metro D.C.
HYATTSVILLE, Md., July 29, 2008 (PRIME NEWSWIRE) -- The U-Haul Company of Metro D.C. today announced the promotion of Patrick Goodwin to president. Goodwin brings 14 years of U-Haul experience to his new position, where he will be responsible for overseeing the daily operations of the company, including truck, trailer and storage rentals.
Security Bank Corporation
Security Bank Corporation Announces Second Quarter 2008 Financial Results
MACON, Ga., July 29, 2008 (PRIME NEWSWIRE) -- Security Bank Corporation (Nasdaq:SBKC) today reported a net operating loss of $17.8 million for the second quarter ended June 30, 2008, compared with net income of $6.1 million for the second quarter of 2007. Including the previously announced pre-tax goodwill impairment charge of $109.7 million, the net loss for the second quarter increased to $121.4 million. Diluted earnings per share before goodwill impairment for the second quarter of 2008 reflected a loss of $0.77 per share compared to diluted earnings of $0.31 per share for the comparable year ago period. The decrease in operating diluted earnings per share for the second quarter of 2008 is primarily driven by a $30 million provision for loan losses and the decrease in net interest income due to higher levels of problem credits.
Competitive Technologies, Inc.
Competitive Technologies Signs Agreement for Distribution In India of Pain Management Device
FAIRFIELD, Conn., July 29, 2008 (PRIME NEWSWIRE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that it has signed an agreement with Excel Life Sciences, Inc. (ELS) granting them exclusive distribution rights in India for CTT's pain management therapy device. The device is a non-invasive method for rapid treatment of high-intensity oncologic and neuropathic pain, including pain resistant to morphine and other drugs. The European Union's Medical Device CE certification allows the device to be registered for sales in India.
Silicon Motion Technology Corporation
Silicon Motion Announces Second Quarter Results for the Period Ended June 30, 2008
TAIPEI, Taiwan, July 29, 2008 (PRIME NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) (the "Company") today announced its second quarter 2008 financial results. Second quarter net sales increased 2% year-over-year to US$48.6 million. GAAP net income decreased 78% year-over-year to US$2.0 million, or US$0.06 per diluted ADS, compared to US$0.27 per diluted ADS in the second quarter of 2007.
BGS3 Moves to State-of-the-Art Facility
LOUISVILLE, Ky., July 29, 2008 (PRIME NEWSWIRE) -- Jeremy Bowman, co-founder and President of BGS3, announced today that due to the continued growth of the company, on Friday, August 1, 2008, BGS3 will be moving their headquarters to a state-of-the-art, 10,000 square foot office suite in an effort to stay ahead of the current market trends and increase their overall level of productivity. BGS3's certified real estate agents across the nation are submitting short sale workout packages at an increasing rate. Equipped now with five times the number of workstations, voice-over IP call center capabilities, and GE certified networking, BGS3 is increasing their ability to provide their Realtor partners and America's distressed homeowners with the best foreclosure solutions available -- all free of charge to the homeowner.
Toll Brothers, Inc.
Toll Brothers CEO Establishes Rule 10b5-1 Stock Trading Plan
HORSHAM, Pa., July 29, 2008 (PRIME NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), the nation's leading builder of luxury homes, announced today that Robert I. Toll, the Company's Chairman and CEO, adopted a prearranged trading plan in accordance with the guidelines specified in Rule 10b5-1 under the Securities Exchange Act of 1934.