latest news releases from the newsroom
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of Intraware Inc.
NEW YORK, Oct. 28, 2008 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of Intraware Inc. ("Intraware" or the "Company") (Nasdaq:ITRA) arising out of their attempt to sell the Company to Acresso Software. Under the terms of the agreement, Intraware shareholders will receive $4.00 in cash per share, for a total sale price of approximately $27.0 million. The price is unfair given that the Company's shares closed at $4.50 as recently as June 18, 2008 and the Company has approximately $2.00 per share in cash. Also, the sales process the Company conducted was flawed given that, in contravention of their fiduciary duties to maximize shareholder value, the Company's Board agreed to a "no-shop" provision and a $1.6 million termination fee which will ensure no superior offer will ever be forthcoming.
RedChip Companies Inc.
RedChip Visibility Issues 1QFY09 Research Report Update On GeoPharma
ORLANDO, Fla., Oct. 28, 2008 (GLOBE NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies Inc., has issued a first quarter fiscal 2009 research report update for GeoPharma, Inc. (Nasdaq:GORX), a company specializing in the manufacture and distribution of over-the-counter, nutritional, generic drug and functional food products.
PVF Capital Corp.
UPDATE -- PVF Capital Corp. Announces Quarterly Earnings and Cash Dividend
SOLON, Ohio, Oct. 28, 2008 (GLOBE NEWSWIRE) -- In a release issued on Oct. 22 by PVF Capital Corp. (Nasdaq:PVFC), the parent company of Park View Federal Savings Bank, under the same headline, note that the Company is updating the cash dividend information. The cash dividend will be in the amount of $0.0025 per share payable on November 24, 2008 to the stockholders of record at the close of business on November 17, 2008.