latest news releases from the newsroom
Klayman & Toskes P.A.
Notice to All Nortel Employee Stock Option Plan Participants from the Law Firm of Klayman & Toskes, P.A. -- NT
BOCA RATON, Fla., Aug. 30, 2002 (PRIMEZONE) -- Klayman & Toskes, P.A. ("K&T) (http://www.nasd-law.com), a nationally known law firm who has substantial experience in prosecuting securities lawsuits on behalf of aggrieved investors, is pursuing an aggressive investigation on behalf of Nortel Networks Corporation (NYSE:NT) Employee Stock Option Plan ("ESOP") participants. The law firm is preparing to file claims before the New York Stock Exchange against Salomon Smith Barney, Inc. ("Salomon"), for alleged unlawful conduct at its Costa Mesa, California branch office.
Nova Sells Communications 2000
TORRANCE, Calif., Aug. 30, 2002 (PRIMEZONE) -- Nova Communications Ltd (OTCBB:NCVM) announced today the sale of its telecommunications subsidiary, Communications 2000, a longtime provider of telephone and voice mail systems to businesses in the Southern California marketplace.
Much Shelist Freed Denenberg Ament & Rubenstein
Household International, Inc. Restates Earnings, Announces Chicago Law Firm Much Shelist; Lead Plaintiff Petitions Regarding Securities Fraud Lawsuit Due October 18, 2002 -- HI
CHICAGO, Aug. 30, 2002 (PRIMEZONE) -- On August 27, 2002, Household International, Inc. ("Household") filed its Amended Annual Report with the Securities and Exchange Commission, which disclosed that it has restated its year-end 1999, 2000 and 2001 earnings. These restatements are at the center of a class action lawsuit Much Shelist Freed Denenberg Ament & Rubenstein, P.C. has filed in the United States District Court for the Northern District of Illinois against Household (NYSE:HI) and certain of its officers and directors. The shareholder lawsuit is on behalf of purchasers of the securities of Household between October 23, 1997 and August 14, 2002, inclusive ("Class Period").
Chitwood & Harley
Chitwood & Harley Files Class Action Lawsuit Against HPL Technologies -- HPLAE
ATLANTA, Aug. 30, 2002 (PRIMEZONE) -- Notice is hereby given that Chitwood & Harley has filed a class action lawsuit in the United States District Court for the Northern District of California, on behalf of purchasers of the common stock of HPL Technologies, Inc. ("HPL" or the "Company") (Nasdaq:HPLAE) between July 31, 2001 and July 18, 2002 (the "Class Period") for violations of Sections 11 and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Metro International S.A.: Election of Chairman
BERTRANGE, Luxembourg, Aug. 30, 2002 (PRIMEZONE) -- Metro International S.A. ("Metro"), the international newspaper group, today announced that Uriel Savir has been elected as acting Chairman by the Company's Board of Directors. This appointment follows the death last week of Metro's Chairman, Jan Hugo Stenbeck. The Board of Directors has simultaneously initiated a search for a Non-Executive candidate to assume the Chairmanship on a long-term basis.