latest news releases from the newsroom
The Rosen Law Firm PA
Investor Notice: The Rosen Law Firm Announces Investigation on Behalf of Investors in Vitesse Semiconductor Corp. -- VTSS
NEW YORK, April 28, 2006 (PRIMEZONE) -- The Rosen Law Firm (http://www.rosenlegal.com) today announced that it has commenced an investigation into allegations that Vitesse Semiconductor Corp. ("Vitesse" or the "Company") (Nasdaq: VTSS) may have violated the federal securities laws by issuing false and misleading financial statements during the reporting periods for the three months ended December 31, 2005 and the three years ended September 30, 2005. On April 18, 2006 the Company shocked the market when it announced that it had appointed a Special Committee of independent directors to conduct an internal investigation relating to past stock option grants, the timing of such grants and related accounting and documentation. The Company also announced that it had put on "administrative leave" the Company's founder and current CEO Louis R. Tomasetta, the Company's CFO Yatin Mody, and the Company's Executive Vice President Eugene Hovanec. Following this announcement, Vitesse stock fell 20%.
Law Offices of Howard G. Smith
Smith & Smith LLP Provides Update to Class Action Lawsuit Against Northfield Laboratories, Inc. -- NFLD
BENSALEM, Pa., April 28, 2006 (PRIMEZONE) -- Smith & Smith LLP announces a May 19, 2006, deadline to move to be a lead plaintiff in the securities class action lawsuit filed on behalf of shareholders who purchased securities of Northfield Laboratories, Inc. ("Northfield Labs" or the "Company")(Nasdaq:NFLD) between February 20, 2004 and February 21, 2006, inclusive (the "Class Period"). The shareholder lawsuit is pending in the United States District Court for the Northern District of Illinois.
Glancy Binkow & Goldberg LLP
Glancy Binkow & Goldberg LLP -- Representing Shareholders of Merge Technologies, Inc. -- Announces Update to Shareholder Lawsuit -- MRGE
LOS ANGELES, April 28, 2006 (PRIMEZONE) -- Glancy Binkow & Goldberg LLP -- representing shareholders of Merge Technologies, Inc. -- announces 24 days remaining to move to be a lead plaintiff in the shareholder lawsuit. All persons and institutions who purchased securities of Merge Technologies, Inc. ("Merge" or the "Company") (Nasdaq:MRGE) between August 2, 2005 and March 16, 2006, inclusive (the "Class Period"), may move the Court not later than May 22, 2006, to serve as lead plaintiff, however, you must meet certain legal requirements.
Blecher & Collins
Blecher & Collins Announces Status of Minority Shareholders' Lawsuit Against Vishay Intertechnology -- VSH
SANTA CLARA, Calif., April 28, 2006 (PRIMEZONE) -- The law firms of Hennefer, Finley & Wood and Blecher & Collins, P.C., today provided an update on the status of the Siliconix Incorporated (Nasdaq:SILI) minority shareholders litigation pending against Vishay Intertechnology (NYSE:VSH) and others. (Case No. 1-04-CV-01897). Last year, Vishay acquired the remaining roughly 20% of Siliconix after previously purchasing roughly 80% in 1998. This class action litigation is pending in the Superior Court of California, County of Santa Clara.
Stolt-Nielsen S.A. Purchased 171,150 of its Common Shares
LONDON, April 28, 2006 (PRIMEZONE) -- Stolt-Nielsen S.A. (Nasdaq:SNSA) (Oslo:SNI) announces that Stolt-Nielsen Transportation Group Ltd. (SNTG), a 100% owned subsidiary of SNSA, purchased today 171,150 of SNSA common shares on the Oslo Stock Exchange at an average price of NOK 174.00 per share (approximately $28.29 at the current exchange rate). The shares were purchased in accordance with the repurchase program announced on August 25, 2005, authorizing the Company to purchase up to $200 million worth of its common shares or related American Depositary Shares.
Port of Houston Authority
Port Of Houston Authority Delivers Praise For Panama Canal Expansion
HOUSTON, April 28, 2006 (PRIMEZONE) -- Port of Houston Authority (PHA) officials are lauding the Panama Canal Authority (ACP) for its proposed plan to expand the canal and say that, with the completion of the new Bayport terminal, the Port stands ready to receive additional vessels that will pass through the critical waterway, adding jobs and stimulus to the Houston economy.
Law Office of Christopher J. Gray, P.C.
Attorney Christopher Gray Files Class Action Lawsuit Against Sea Containers, Ltd. -- SCR-A
NEW YORK, April 28, 2006 (PRIMEZONE) -- Attorney Christopher Gray of the Law Office of Christopher J. Gray, P.C. in New York City (firstname.lastname@example.org) has filed a class action lawsuit on behalf of all persons who purchased the securities of defendant Sea Containers, Ltd. (NYSE:SCR.A) from March 15, 2004 through March 24, 2006 (the "Class Period"). The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated by the SEC thereunder and seeks to recover damages. Any member of the class may move the Court to be named lead plaintiff. If you wish to serve as lead plaintiff, you must move the Court no later than May 30, 2006.
Izard Nobel LLP
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Astea International, Inc.
HARTFORD, Conn., April 28, 2006 (PRIMEZONE) -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Eastern District of Pennsylvania on behalf of all persons who purchased or otherwise acquired the publicly traded securities of Astea International, Inc. ("Astea" or the "Company") (Nasdaq:ATEA) between May 11, 2005 and March 31, 2006, inclusive, (the "Class Period"). Also included are all those who acquired Astea's shares through its acquisition of FieldCentrix.