latest news releases from the newsroom
Emerson Poynter LLP
The Emerson Firm Announces Class Action Lawsuit on Behalf of Investors of Inktomi Corporation -- INKT
HOUSTON, Oct. 1, 2002 (PRIMEZONE) -- The Emerson Firm, a securities class action trial law firm, announced today that a class action has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of Inktomi Corporation (Nasdaq:INKT) ("Inktomi" or the "Company") publicly traded securities during the period between June 10, 1998 and April 3, 2001, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court or can be obtained by calling the Firm's toll free number below.
SEC Declares Telia Registration Statement Effective
STOCKHOLM, Sweden, October 01, 2002 (PRIMEZONE) -- Telia (Other OTC:TLAAF) today filed a registration statement on Form F-4 with the United States Securities and Exchange Commission (SEC), in connection with its exchange offer for all of the outstanding shares, American depositary shares and certain warrants of Sonera Corporation. The SEC also declared the registration statement effective today allowing Telia to proceed with the launch of the offer in the United States. The prospectus has also been approved by the Stockholm Exchange.
Popeyes Chicken & Biscuits
Popeyes Brings Back Buffalo Style Nuggets for a Limited Time
ATLANTA, Oct. 1, 2002 (PRIMEZONE) -- Popeyes(r) Chicken & Biscuits, a division of AFC Enterprises, Inc. (Nasdaq:AFCE) and the world's second-largest quick-service chicken concept, knows a winner when it sees one. That's why the company is bringing back its spicy spin on Buffalo Style Nuggets, which earned one of the highest new-product ratings in Popeyes history when they were first introduced in June 2001. The nuggets are back in Popeyes restaurants in the United States throughout October.
Schiffrin Barroway Topaz & Kessler, LLP
Schiffrin & Barroway, LLP: Salomon Smith Barney, Inc., Analyst Jack Grubman, Salomon's Parent Company Citigroup, Inc. and Citigroup CEO Sanford Weill Sued by Shareholders for Securities Violations
BALA CYNWYD, Pa., Oct. 1, 2002 (PRIMEZONE) -- A pending class action charges Salomon Smith Barney, Inc., analyst Jack Grubman, Salomon's parent company Citigroup, Inc. and Citigroup CEO Sanford Weill with misleading purchasers of AT&T Corp. common stock according to the law firm of Schiffrin & Barroway, LLP.
Kirby McInerney LLP
Kirby McInerney & Squire LLP Announces Denial of Defendants' Motion to Dismiss Complaint Alleging That IPO Underwriter Fees Are Price-Fixing at 7%
NEW YORK, Oct. 1, 2002 (PRIMEZONE) -- The law firm of Kirby McInerney & Squire, LLP announced that a New York federal court overseeing a class action alleging price-fixing in the market for initial public offering ("IPO") underwriting fees denied defendants' motion to dismiss. The complaint alleges that defendants conspired to fix at 7% the fees charged by underwriters to sell shares of IPO stock. The class compromises IPO issuer companies who, during the period from 1994 through the present, issued IPO shares in offerings valued at approximately $20-$80 million. Defendants include Merrill Lynch & Co. (NYSE:MER), Credit Suisse First Boston (NYSE:CSR), Morgan Stanley Dean Witter & Co. (NYSE:MWD), Salomon Smith Barney, Inc. (NYSE:C) and twenty-four other underwriters. If you are or believe you may be a member of the putative class, please contact counsel below.
Competitive Technologies, Inc.
Competitive Technologies Licensee Reports PT-141 Data for Females
FAIRFIELD, Conn., Oct. 1, 2002 (PRIMEZONE) -- Competitive Technologies, Inc. (AMEX:CTT) announced today that its exclusive licensee Palatin Technologies (AMEX:PTN) reported positive results from PT-141 administered to normal premenopausal women in a Phase 1 clinical trial in the development of Female Sexual Dysfunction (FSD) treatment. The licensed technology, synthetic analogues of alpha-MSH (alpha-melanocyte-stimulating hormone), was invented by a team of researchers at CTT's client, the University of Arizona.