latest news releases from the newsroom
Lundin Petroleum AB
LUNDIN PETROLEUM'S NOMINATION COMMITTEE
The Nomination Committee has been formed with the following members:
Carl Rosén, Andra AP-fonden
KG Lindvall, Swedbank Robur Fonder
Ossian Ekdahl, Första AP-fonden
Ian H. Lundin, Chairman of the Board, Lundin Petroleum
Magnus Unger, member of the Board, Lundin Petroleum
At the Nomination Committee's first meeting Magnus Unger was elected as
Chairman of the Committee.
The main tasks of the Committee shall be to make recommendations to the AGM
Election of Chairman
Stull, Stull & Brody
Update in the On-Going ERISA 401(K) Class Action Against AEP Announced by Stull, Stull & Brody -- AEP
NEW YORK, Sept. 25, 2008 (GLOBE NEWSWIRE) -- Stull, Stull & Brody announced today that it has filed its initial brief on the issue of whether Plaintiff's claim for Plan-wide relief under ERISA Section 502(a)(2), 29 U.S.C. Section 1132(a)(2), may continue notwithstanding an order denying class certification. Stull, Stull & Brody's initial brief was filed in the on-going ERISA 401(k) class action against American Electric Power Co., Inc. (NYSE:AEP) ("AEP"). The class action, Bridges v. American Electric Power, 2:03-cv-67 (S.D. Ohio), was brought on behalf of all participants in AEP's 401(k) defined contribution retirement plan who purchased and/or held shares of the AEP Stock Fund at any time between December 9, 1998 and December 31, 2002. The case alleges that AEP and other fiduciaries of AEP's 401(k) plan negligently managed and administered the 401(k) plan, and failed to disclose important information to the participants of the plan, including information about AEP's allegedly improper energy trading and reporting practices. Stull, Stull & Brody's initial brief contends that there is no requirement that claims under ERISA Section 502(a)(2), which requires that fiduciaries who breach their duties and cause loss to a 401(k) plan must make good to the plan for such losses, proceed as a class action. Stull, Stull & Brody's initial brief is available on the firm's website at http://www.ssbny.com/aepbrief.pdf. All briefing on this issue is scheduled to conclude by October 27, 2008.
The Pomerantz Firm Reminds Reddy Ice Holdings Inc. (FRZ) Investors of October 7, 2008 Deadline -- FRZ
NEW YORK, Sept. 25, 2008 (GLOBE NEWSWIRE) -- Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) reminds investors of Reddy Ice Holdings, Inc. ("Reddy Ice" or the "Company") (NYSE:FRZ) that October 7, 2008 is the deadline for investors who want to request that the Court appoint them as Lead Plaintiff in the class action. Pomerantz filed a class action lawsuit in the United States District Court, Eastern District of Michigan, against the company and certain officers for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The class action was filed on behalf of purchasers of the common stock of the Company between August 10, 2005 and August 6, 2008 (the "Class Period").
Glen Rose Petroleum Corporation
Glen Rose Petroleum Corporation Receives Notice of NASDAQ Listing Standard Deficiency and Changes Auditor
DALLAS, Sept. 25, 2008 (GLOBE NEWSWIRE) -- Glen Rose Petroleum Corporation (Nasdaq:GLRP), Dallas, Texas, reports that NASDAQ informed it in a letter dated September 22, 2008, that it was in violation of NASDAQ Marketplace Rule 4310(c)(4) in that the closing bid price for our common stock was below $1.00 for 30 consecutive days. The NASDAQ letter stated that Glen Rose Petroleum Corporation will have 180 calendar days (until March 23, 2009) to regain compliance with Rule 4310(c)(4) by demonstrating a closing bid price of $1.00 or more for at least ten and up to twenty consecutive business days.
Prudential Bancorp, Inc.
Prudential Bancorp, Inc. of Pennsylvania Announces Declaration of Quarterly Cash Dividend
PHILADELPHIA, Sept. 25, 2008 (GLOBE NEWSWIRE) -- Prudential Bancorp, Inc. of Pennsylvania (the "Company") (Nasdaq:PBIP) announced that its Board of Directors, at a meeting held today, declared a quarterly cash dividend of $0.05 per share on the common stock of the Company, payable on October 24, 2008 to the shareholders of record at the close of business on October 10, 2008.