latest news releases from the newsroom
Kaplan Fox & Kilsheimer LLP
Kaplan Fox Announces Class Action Lawsuit on Behalf of Putnam Mutual Fund Holders -- PNVAX, PEUGX, POVSX, PEQUX
NEW YORK, Oct. 31, 2003 (PRIMEZONE) -- Kaplan Fox & Kilsheimer LLP (kaplanfox.com) filed a class action lawsuit in the Commonwealth of Massachusetts Superior Court against Putnam Investment Management Trust, Putnam Investment Management LLC, Marsh & McLennan Corp., Inc., Omid Kamshad, Justin Scott, and the following Putnam mutual funds:
Arete Industries, Inc.
Arete Industries, Inc. Announces Formation of Dual Advisory Boards in Traditional and Alternative Energy
NIWOT, Colo., Oct. 31, 2003 (PRIMEZONE) -- Arete Industries, Inc. (OTCBB:ARET) announced the simultaneous creation of two energy advisory boards, one focusing on expertise in traditional oil and gas development and the second focusing on providing expertise in the "New" Alternative and Rewable Energy Sector. The advisory boards will aid Arete in both of its directions and in its due diligence processes. Advisory board members will also assist in the Company's program to acquire and finance traditional and alternative and renewable energy projects and by providing Arete with opportunities that the Company might not otherwise be able to obtain.
Record Low Prices on Spring & Summer Travel to Europe!
BOTHELL, Wash., Oct. 31, 2003 (PRIMEZONE) -- Yes we know, winter hasn't even started yet, and we are already talking about Spring & Summer 2004. But how can we not -- with prices this low! For a very limited time we are offering great savings to those who plan their spring & summer vacations ahead of time. Book by December 23rd and take advantage of record low prices to Europe 2004. But hurry - December 23 the prices will change!
Dobson Communications Corporation
Dobson Communications Closes Tender Offer for Preferred Shares
OKLAHOMA CITY, Oct. 31, 2003 (PRIMEZONE) -- Dobson Communications Corporation (Nasdaq:DCEL) today announced that it has closed its cash tender offer (the "Offer") for, and has purchased 246,967 shares of, its 12 1/4% Senior Exchangeable Preferred Stock (CUSIP Nos. 256072307, 256069303 and 256072208) (the "Preferred Shares"). The aggregate consideration paid by Dobson for the Preferred Shares purchased in the Offer was $263.4 million, including accrued dividends on the purchased shares.
Court Rules that Shareholders, Represented by Zimmerman Reed, can Assert Self-Dealing Claims against Former Minnesota Corn Processors' Officers
MINNEAPOLIS, Oct. 31, 2003 (PRIMEZONE) -- Corn farmers in southwestern Minnesota finally received some good news. It has been a rough few years; not only have they endured a scorching crop season, but their key life savings -- shared ownership in Marshall-based Minnesota Corn Processors (MCP) -- had been sold out. The official buyer was Archer Daniels Midland (NYSE:ADM); but the shareholders believed that they were actually sold-out by their own Corporate Officers in an unfair deal that siphoned millions to the officers -- money that should have gone to the shareholders. Last April, a group of farmers who were former MCP shareholders initiated a class action lawsuit charging former CEO Dan Thompson, and other Executives at MCP, with promoting the company sale to ADM for their own personal gain and at the expense of the shareholders.