latest news releases from the newsroom
Kirby McInerney LLP
Kirby McInerney & Squire, LLP Announces Court's Reversal of Roche Holding Securities Class Action Dismissal -- RHHBY
NEW YORK, May 31, 2002 (PRIMEZONE) -- The law firm of Kirby McInerney & Squire, LLP reports that on May 30, 2002 the United States Court of Appeals for the Third Circuit reversed the dismissal of a securities fraud class action filed against Roche Holding Ltd.
(Pink Sheets:RHHBY), brought on behalf of ADR purchasers during the period December 3, 1996 through May 20, 1999 ("class period") The lawsuit alleges that the trading prices for Roche Holding ADRs were artificially inflated by false and/or misleading statements concerning the competitive market for certain Roche products. The truth became known in May 1999 when Roche Holding's primary subsidiary as well as a Roche Holding officer pled guilty to participation in a price fixing conspiracy in violation of U.S. antitrust laws.
Rebalancing of Global Indices
STOCKHOLM, Sweden, May 31, 2002 (PRIMEZONE) -- Today there has been a rebalancing in a number of global indices. This has meant that investors, for example index-funds, change their portfolio holdings in accordance with the new indices.
Futuremedia Plc Completes Acquisition of Professional Services Company C2W Limited
ARUNDEL, U.K., May 31, 2002 (PRIMEZONE) -- E-learning and knowledge management solutions provider Futuremedia Plc (Nasdaq:FMDAY) today announced that the shareholders of C2W Limited have unanimously approved the acquisition of their company by Futuremedia.The C2W professional service business will complement Futuremedia's core business and enhance the company's position as a single source provider of knowledge management systems and e-learning solutions.
Sale of Skandia Asset Management Completed
STOCKHOLM, Sweden, May 31, 2002 (PRIMEZONE) -- The sale of Skandia Asset Management to Den norske Bank (DnB), which was announced in a press release on 8 January 2002, was completed today after receiving all necessary regulatory approvals. The purchase price was SEK 3.2 billion, generating a capital gain of approximately SEK 2 billion.