latest news releases from the newsroom
Chaparral Energy Inc
Chaparral Energy and Edge Petroleum Terminate Planned Merger
OKLAHOMA CITY, Dec. 17, 2008 (GLOBE NEWSWIRE) -- Chaparral Energy, Inc. announced today the execution of a merger termination agreement between Chaparral Energy, Inc., and its subsidiary Chaparral Exploration, L.L.C., and Edge Petroleum Corporation (Nasdaq:EPEX) (Nasdaq:EPEXP). The termination agreement provides for both parties to terminate the previously announced merger agreement dated July 14, 2008.
KCAP Financial, Inc.
Kohlberg Capital Announces Settlement of Dispute Relating to Certain Agreements by Katonah Debt Advisors
NEW YORK, Dec. 17, 2008 (GLOBE NEWSWIRE) -- Kohlberg Capital Corporation (Nasdaq:KCAP) ("Kohlberg Capital"), a publicly traded business development company, today announced that it and its wholly-owned portfolio company, Katonah Debt Advisors, L.L.C. ("Katonah") entered into a settlement and termination agreement with J.P. Morgan Securities Inc. ("JPMorgan") (f/k/a Bear Stearns & Co. Inc.) with respect to loan warehouse credit facilities originally provided by Bear Stearns Investment Products Inc. These warehouse facilities were established to fund the initial accumulation of assets for CLO Funds that Katonah had planned to complete in 2008. Pursuant to the warehouse facility agreements, Katonah had agreed to reimburse JPMorgan in certain circumstances, and if these CLO Funds failed to close, for a portion of the losses (if any) on the resale of the warehoused assets in an amount up to $18 million plus any accumulated net interest income accrued on the warehoused assets.
Shepherd Finkelman Miller & Shah
Shepherd, Finkelman, Miller & Shah, LLP Announces That It is Conducting an Investigation to Determine Whether the Stock Price of National Lampoon, Inc. was Artificially Inflated
MEDIA, Pa., Dec. 17, 2008 (GLOBE NEWSWIRE) -- Shepherd, Finkelman, Miller & Shah, LLP ("SFMS" or "Firm") (http://www.sfmslaw.com; e-mail: email@example.com), a law firm with offices in California, Connecticut, Florida, New Jersey, Pennsylvania and Wisconsin, announced today that it is investigating claims on behalf of shareholders related to whether an officer of National Lampoon, Inc. ("National Lampoon" or "Company") (AMEX:NLN) participated in a stock manipulation scheme in order to artificially inflate its stock prices. SFMS specifically is investigating whether, from on or about March 1, 2008 through on or about June 30, 2008, National Lampoon's chief executive paid kickbacks to stock promoters in order to create the false impression of steady demand for National Lampoon stock and artificially inflate the price of the Company's stock.