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Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Fisher Communications, Inc. (FSCI)

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Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Fisher Communications, Inc. (FSCI)

NEW YORK–(BUSINESS WIRE)– Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Fisher Communications, Inc. (“Fisher” or the “Company”) (NAS: FSCI) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Sinclair Broadcast Group, Inc. (NAS: SBGI) in an all-cash deal valued at approximately $373.3 million. Under the terms of the proposed transaction, Fisher’s stockholders will receive $41 in cash for each share of Fisher common stock they own.

Request more information now by clicking here: www.faruqilaw.com/FSCI . There is no cost or obligation to you.

The investigation focuses on whether Fisher’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Fisher’s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Fisher and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/FSCI or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330

KEYWORDS:   United States  North America  New

From: http://www.dailyfinance.com/2013/04/11/faruqi-faruqi-llp-is-seeking-more-cash-for-the-sha/

Business, Finance, Occupation & Industry

MOD-PAC Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Going Private Agreeme

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MOD-PAC Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Going Private Agreement

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of MOD-PAC Corp. (“MPAC“) (NasdaqGM: MPAC) to Kevin T. Keane, Chairman of the company, and Daniel G. Keane, President and Chief Executive Office, and their affiliates and associates for shareholders. Under the terms of the proposed going private deal, MPAC shareholders will only receive $8.40 in cash for each share of MPAC stock owned.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

The MPAC sale investigation centers on whether MPAC‘s shareholders are receiving adequate compensation for their shares in the proposed going private deal, whether the transaction undervalues MPAC‘s stock, and whether MPAC‘s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Willie Briscoe, “due to the relationship of the parties, the lack of a significant premium and other factors, we believe this transaction may undervalue MPAC‘s stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor, LLP
Zach Groover, 877-728-9607
zach@powerstaylor.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:

The article MOD-PAC Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Going Private Agreement originally appeared on Fool.com.

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From: http://www.dailyfinance.com/2013/04/11/mod-pac-shareholder-alert-briscoe-law-firm-and-pow/

Business, Finance, Occupation & Industry

Fisher Communications Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to

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Fisher Communications Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Sinclair Broadcast Group

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Fisher Communications, Inc. (“Fisher”) (NasdaqGS: FSCI) to Sinclair Broadcast Group, Inc. for shareholders. Under the terms of the proposed transaction valued at approximately $373 million, Fisher shareholders will only receive $41.00 for each share of Fisher stock owned.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

The Fisher sale investigation centers on whether Fisher’s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Fisher’s stock, and whether Fisher’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Patrick Powers stated that “due to the nature of the stock for stock transaction, the proposed sale price, the size of the deal and other factors, we believe this transaction may undervalue Fisher’s stock. Our proposed lawsuit will seek to ensure that shareholders are receiving the highest share price for their shares.”

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor, LLP
Zach Groover, 877-728-9607
zach@powerstaylor.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:

The article Fisher Communications Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Sinclair Broadcast Group originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We

From: http://www.dailyfinance.com/2013/04/11/fisher-communications-shareholder-alert-briscoe-la/

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Lieff Cabraser Reminds Great Lakes Dredge & Dock Corporation Investors of Upcoming Deadline in Class

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Lieff Cabraser Reminds Great Lakes Dredge & Dock Corporation Investors of Upcoming Deadline in Class Action Lawsuits

SAN FRANCISCO–(BUSINESS WIRE)– Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the May 20, 2013 deadline to move for appointment as lead plaintiff in the securities class litigation brought on behalf of purchasers of the securities of Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NAS: GLDD) between August 7, 2012 and March 14, 2013, inclusive (the “Class Period“).

If you purchased Great Lakes securities during the Class Period, you may move the Court for appointment as lead plaintiff by no later than May 5, 2013. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the action will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.

Great Lakes shareholders who wish to learn more about the actions and how to seek appointment as lead plaintiff should click here or contact Brendan P. Glackin of Lieff Cabraser toll-free at (800) 541-7358.

Located in Oak Brook, Illinois, Great Lakes is the largest provider of dredging services in the United States and a major provider of commercial and industrial demolition and remediation services.

On March 14, 2013, the Company disclosed it had recognized revenue in 2012 in a manner not consistent with its accounting policy. It further revealed “a failure of internal controls to detect or prevent misstatements in [its] financial statements,” which was “material to [its] results of operations for the quarterly and year-to-date periods ended June 30, 2012 and September 30, 2012.” The Company disclosed a “material weakness” in its disclosure controls, described as a deficiency (or series of deficiencies) in internal controls over financial reporting such that there is a reasonable possibility that a material misstatement of Great Lakes‘ annual or interim financial statements will not be prevented or detected on a timely basis. The Company further revealed that “2012 second and third quarter demolition segment revenues were overstated by $3.9 million and $4.3 million, respectively.”

On that same day, Great Lakes‘ President and Chief Operating Officer, Bruce J. Biemeck, departed the Company. Biemeck previously served in 2012 as CFO to the Company.

Following these revelations, Great Lakes‘ share price plummeted, losing approximately 20% of its value and resulting in approximately $100 million in investor losses.

…read more

Source: FULL ARTICLE at DailyFinance

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Lufkin Industries Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Acquisition

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Lufkin Industries Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Acquisition by GE

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the going private proposal of Lufkin Industries (“Lufkin”) (NasdaqGS: LUFK) by GE for shareholders. Under the terms of the proposed transaction valued at approximately $3.3 billion, Lufkin shareholders will only receive $88.50 in cash for each share of LUFK stock owned.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

The Lufkin sale investigation centers on whether Lufkin shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Lufkin stock, and whether Lufkin’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Willie Briscoe commented that “based upon the proposed sale price, the size of the deal, and other factors, we believe this transaction may undervalue Lufkin stock. Our proposed lawsuit will seek to ensure that shareholders are receiving the highest share price for their shares.”

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor, LLP
Zach Groover, 877-728-9607
zach@powerstaylor.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:

The article Lufkin Industries Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Acquisition by GE originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe …read more

Source: FULL ARTICLE at DailyFinance

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Great Lakes Dredge Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of

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Great Lakes Dredge Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that a federal class action lawsuit has been filed against Great Lakes Dredge & Dock Corporation (“Great Lakes” or “Company”) (NasdaqGS: GLDD). The firms are investigating additional legal claims against the officers and Board of Directors of Great Lakes during the period of August 7, 2012 to March 14, 2013 (the “Class Period”).

If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

In a recently filed federal class action complaint, Great Lakes and certain of its officers were charged with violating certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that defendants misrepresented and/or failed to disclose that: (a) the Company realized that certain change orders in its demolition segment awaiting client acceptance were included as revenue resulting in an overstatement of revenue by millions of dollars in revenue; and (b) there was weakness in the Company’s internal controls to detect or prevent misstatements in its financial statements. According to the complaint, when the Company announced that when these facts came to light and the Company would be required to restate its 2nd and 3rd quarter revenues, the stock plummeted.

“Recent revelations about alleged improper business practices and procedures regarding key aspects of Great Lakes‘ business and other misleading financial statements have prompted the firms to investigate possible breaches of fiduciary duties and other violations of state law by Great Lakes‘ officers and directors. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of Great Lakes stock for all shareholders,” said shareholder rights attorney Willie Briscoe.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Harvest Natural Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fi

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Harvest Natural Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce an investigation into potential violations of federal securities laws by certain officers and directors of Harvest Natural Resources, Inc. (“Harvest Natural” or “Company”) (NYS: HNR) during the period of May 7, 2010 to March 18, 2013 (the “Class Period”).

If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

In a recently filed federal class action complaint, Harvest Natural and certain of its officers and directors were charged with violating certain provisions of the Securities Exchange Act of 1934. The complaint alleges that defendants misrepresented or failed to disclose that, among other things: (a) the Company incorrectly capitalized certain lease maintenance costs and certain internal selling, general and administrative costs; (b) the Company improperly presented certain cash flow items and caused certain long-lived assets to be impaired; (c) the Company was unable to sell its interests in Petrodelta S.A. to PT Pertamina (Persero); (d) the Company lacked adequate internal and financial controls; and (e) as a result, the Company’s statements were materially false and misleading at all relevant times. According to the complaint, when the true facts came to light, the share price dropped dramatically.

“Recent revelations about alleged improper business practices and procedures regarding key aspects of Harvest Natural business and other misleading financial statements have prompted the firms to investigate possible breaches of fiduciary duties and other violations of state law by Harvest Natural officers and directors. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of Harvest Natural stock for all shareholders,” said shareholder rights attorney Patrick Powers.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law …read more

Source: FULL ARTICLE at DailyFinance

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Sterling Bancorp Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Prov

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Sterling Bancorp Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Provident New York

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Sterling Bancorp (“Sterling”) (NYS: STL) to Provident New York Bancorp for shareholders. Under the terms of the proposed transaction valued at approximately $344 million, Sterling shareholders will only receive 1.2625 shares of Provident for each share of Sterling stock owned, valued at approximately $11.12 per share.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

The Sterling sale investigation centers on whether Sterling’s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Sterling’s stock, and whether Sterling’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, according to Yahoo! Finance, at least one analyst valued the true inherent price of Sterling stock at $11.50 per share. Shareholder rights attorney Patrick Powers stated that “due to the nature of the stock for stock transaction, the proposed sale price, the size of the deal and other factors, we believe this transaction may undervalue Sterling’s stock. Our proposed lawsuit will seek to ensure that shareholders are receiving the highest share price for their shares.”

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor, LLP
Zach Groover, 877-728-9607
zach@powerstaylor.com

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:

The article Sterling Bancorp …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Faruqi & Faruqi, LLP Launches an Investigation against PulteGroup, Inc. (PHM) for Potential Breaches

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Faruqi & Faruqi, LLP Launches an Investigation against PulteGroup, Inc. (PHM) for Potential Breaches of Fiduciary Duties by Its Board of Directors

NEW YORK–(BUSINESS WIRE)– Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of PulteGroup, Inc. (“PulteGroup” or the “Company”) (NYS: PHM) (NYS: PHA) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for a Senior Management Incentive Plan and Stock Incentive Plan.

Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on April 3, 2013, the Board of Directors recommends that PulteGroup’s shareholders vote to approve the 2013 Senior Management Incentive Plan and the 2013 Stock Incentive Plan. The 2013 Stock Incentive Plan would make 20,000,000 shares available for awards. The issuance of the additional shares could have a substantial dilutive effect on the shares of PulteGroup common stock.

Request more information now by clicking here: www.faruqilaw.com/PHM . There is no cost or obligation to you.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in PulteGroup and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/PHM or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: 877-247-4292
Phone: 212-983-9330

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article <a target=_blank …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Faruqi &amp; Faruqi, LLP is Seeking More Cash for the Shareholders of Sterling Bancorp (STL)

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By Business Wirevia The Motley Fool

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Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Sterling Bancorp (STL)

NEW YORK–(BUSINESS WIRE)– Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Sterling Bancorp (“Sterling” or the “Company”) (NYS: STL) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Provident New York Bancorp (“Provident”) (NYS: PBNY) in a stock-for-stock deal valued at approximately $344 million. Under the terms of the proposed transaction, Sterling’s stockholders will receive 1.2625 shares of Provident common stock for each share of Sterling common stock they own. The consideration to be received by Sterling’s shareholders is valued at $11.12 based on April 3 closing prices.

Request more information now by clicking here: www.faruqilaw.com/STL . There is no cost or obligation to you.

The investigation focuses on whether Sterling’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Sterling’s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Sterling and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/STL or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. …read more

Source: FULL ARTICLE at DailyFinance

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Star Scientific Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fi

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By Business Wirevia The Motley Fool

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Star Scientific Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that a federal class action lawsuit has been filed in Virginia against Star Scientific, Inc. (“Star Scientific” or “Company”) (NasdaqGM: STSI) and several of its officers and directors for acts taken during the period of October 31, 2011 to March 18, 2013 (the “Class Period”).

Based upon the allegations in the class action, the firms are investigating additional legal claims against the officers and Board of Directors of Star Scientific. If you are an affected Star Scientific shareholder and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

In the complaint, the defendants are alleged to have violated provisions of the Securities Exchange Act of 1934. Notably, one of the complaints alleges that defendants misrepresented and/or failed to disclose that, among other things: (1) the Company engaged in potentially illegal transactions involving certain private placements and related party transactions since 2006; and (2) the Company received subpoenas from the US Attorney’s office investigating potential securities fraud involving transactions dating back to 2006. According to this complaint, when these facts were finally disclosed, Star Scientific‘s shares dropped substantially.

“The allegedly improper business practices conducted by Star Scientific have prompted our firms to investigate additional claims against the Company’s officers and directors, including potential breaches of fiduciary duties and other violations of state law. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of Star Scientific stock for all shareholders,” said shareholder rights attorney Patrick Powers.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

…read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Navistar Shareholder Dispute: Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Poss

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Navistar Shareholder Dispute: Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Possible Breaches of Fiduciary Duty

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that a federal class action complaint was recently filed against Navistar International Corporation (“Navistar” or “Company”) (NYS: NAV) and certain of its officers and directors for potential securities violations between November 3, 2010 and August 1, 2012 (the “Class Period“).

Based upon these allegations, the firms are investigating potential legal claims against the officers and Board of Directors of Navistar International Corporation. If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

In the class action complaint, Navistar and certain of its officers and directors were charged with violating provisions of the Securities Exchange Act of 1934. Notably, the complaint alleges that defendants made numerous misrepresentations, including that (a) Navistar would be forced to revise its plan to meet the EPA guidelines in truck manufacturing, which would create an immense cost to the Company; (b) Navistar did not meet the 2010 EPA standards for their engines; (c) the Company’s disclosures in their SEC filings were incomplete and misleading, including statements about the costs of recalls and details of various debts. According to the complaint, when the truth came out regarding the Company’s true financial condition and future prospects, the Navistar share price fell over 69% from its Class Period high.

“Based upon the recent revelations about alleged improper business practices and procedures regarding key aspects of Navistar’s business, our firms are investigating possible breaches of fiduciary duties and other violations of state law by Navistar’s officers and directors.” said shareholder rights attorney Willie Briscoe.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder …read more

Source: FULL ARTICLE at DailyFinance

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Nordson Corporation Appoints Gina Beredo Deputy General Counsel and Assistant Secretary

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By Business Wirevia The Motley Fool

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Nordson Corporation Appoints Gina Beredo Deputy General Counsel and Assistant Secretary

WESTLAKE, Ohio–(BUSINESS WIRE)– Nordson Corporation (NAS: NDSN) today announced the appointment of Gina Beredo to Deputy General Counsel & Assistant Secretary in the company’s law department.

“Gina adds to our capabilities with a strong background in commercial, employment, real estate, insurance and environmental law as well as matters involving government regulatory agencies,” said Robert Veillette, Nordson Corporate Vice President, General Counsel & Secretary. “She also brings us valuable experience in product compliance, mergers and acquisitions, ethics and compliance and a wide variety of other legal areas.”

Prior to joining Nordson, Beredo held the position of Chief Litigation Counsel and Director of Compliance & Ethics with American Greetings Corporation, a designer, manufacturer and seller of greeting cards and other social expression products. Previously, she worked at the Cleveland based law firm of Baker & Hostetler, LLP. Beredo holds a J.D. from Indiana University School of Law and received her undergraduate degree in history from Saint Louis University.

Nordson Corporation delivers precision technology solutions that help customers succeed worldwide. The company engineers, manufactures and markets differentiated products and systems used for dispensing and processing adhesives, coatings, plastics, sealants, biomaterials, fluids and other materials, testing and inspecting for quality, and treating surfaces, all supported by application expertise and direct global sales and service. Nordson serves a wide variety of consumer non-durable, durable and technology end markets including packaging, nonwovens, electronics, medical, appliances, energy, transportation, construction, and general product assembly and finishing. Founded in 1954 and headquartered in Westlake, Ohio, the company has operations and support offices in more than 30 countries. Visit Nordson on the web at www.nordson.com, www.twitter.com/Nordson_Corp or www.facebook.com/nordson.

Nordson Corporation
James R. Jaye, Director, Communications & Investor Relations, 440-414-5639
Jim.Jaye@nordson.com

KEYWORDS:   United States  North America  Ohio

INDUSTRY KEYWORDS:

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Investor Alert: Hagens Berman Notifies Star Scientific, Inc. Investors of Class Action and May 24th

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Investor Alert: Hagens Berman Notifies Star Scientific, Inc. Investors of Class Action and May 24 th Lead Plaintiff Deadline

BERKELEY, Calif.–(BUSINESS WIRE)– Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, is notifying investors in Star Scientific, Inc. (NAS: STSI) (“STSI” or “the Company”) of the filing of a securities class-action lawsuit seeking to recover losses. Investors who have suffered losses may contact the firm by emailing STSI@hbsslaw.com.

If you purchased shares of STSI common stock between Oct. 31, 2011, and March 18, 2013, inclusive (the “Class Period“), suffered significant losses and wish to be a lead plaintiff in the pending class action, you may contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000. You can also contact Mr. Kathrein by submitting information at http://www.hb-securities.com/investigations/STSI.

Investors who wish to serve as lead plaintiff in the case must move the court no later than May 24, 2013. Any investor during the Class Period may file to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

On Jan. 23, 2013, The Street published an article suggesting that STSI‘s claim that John Hopkins University was involved in clinical testing of the company’s nutritional supplement anatabine was false. On March 18, 2013, STSI disclosed that it received subpoenas in January and February of 2013 from the U.S. attorney’s office and was conducting its own internal investigation into possible issues in the trading of its securities as far back as 2006.

Hagens Berman‘s investigation centers around whether STSI was aware of possible issues, failed to disclose those issues as required by the securities laws, and thus issued materially false or misleading statements to investors during the class period.

Hagens Berman reminds whistleblowers with inside information that rewards may be available to individuals who report information leading to a successful enforcement action by the Securities and Exchange Commission. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.

About Hagens Berman

Hagens Berman Sobol Shapiro, LLP is an investor-rights class-action law firm with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the law firm and its successes can be found at www.hbsslaw.com. The Firm’s …read more
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CORRECTING and REPLACING Abraham, Fruchter &amp; Twersky, LLP Announces That a Class Action Lawsuit Has

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CORRECTING and REPLACING Abraham, Fruchter & Twersky, LLP Announces That a Class Action Lawsuit Has Been Filed against Spectrum Pharmaceuticals, Inc.

NEW YORK–(BUSINESS WIRE)– Fourth graph, first sentence of release should read: If you purchased the common stock of Spectrum from August 8, 2012 through March 12, 2013 (the “Class”) and you wish to serve as lead plaintiff in this action, you must move the Court no later than May 13, 2013. (sted May 16, 2013).

The corrected release reads:

ABRAHAM, FRUCHTER & TWERSKY, LLP ANNOUNCES THAT A CLASS ACTION LAWSUIT HAS BEEN FILED AGAINST SPECTRUM PHARMACEUTICALS, INC.

Abraham, Fruchter & Twersky, LLP announces that a securities class action lawsuit has been filed in the United States District Court for the District of Nevada on behalf of all persons or entities who purchased the common stock of Spectrum Pharmaceuticals, Inc. (“Spectrum” or the “Company”) (NAS: SPPI) from August 8, 2012 through March 12, 2013, inclusive (the “Class Period“). The complaint alleges violations of Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5, promulgated thereunder, against the Company and certain of its officers and directors.

The complaint alleges that throughout the Class Period, defendants made false and misleading statements to the investing public by dismissing concerns that sales of FUSILEV® (an oncology drug manufactured by Spectrum) would be adversely affected by increased supplies of leucovorin (a generic and competing drug of FUSILEV) and concealing the impact that the increased availability of leucovorin would have on FUSILEV sales. The complaint alleges that the defendants knew that when the availability of leucovorin increased, Spectrum would not be able to sustain its business outlook and revenue projections.

After the market closed on March 12, 2013, Spectrum surprised the market by reporting in a press release that sales of FUSILEV would be dropping significantly due to “a change in ordering patterns of FUSILEV.” The Company also decreased their full-year 2013 revenues forecast to a range of $160 to $180 million, significantly lower than analysts’ revenue expectations of $297.33 million. In a reaction to this news, shares of Spectrum common stock fell $4.64 per share, or 37%, on extremely high trading volume of 22.5 million shares.

If you purchased the common stock of Spectrum from August 8, 2012 through March 12, 2013 (the “Class”) and you wish to serve as lead plaintiff in this action, you must move the Court no later than …read more
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Abraham, Fruchter &amp; Twersky, LLP Announces That a Class Action Lawsuit Has Been Filed against Spectr

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Abraham, Fruchter & Twersky, LLP Announces That a Class Action Lawsuit Has Been Filed against Spectrum Pharmaceuticals, Inc.

NEW YORK–(BUSINESS WIRE)– Abraham, Fruchter & Twersky, LLP announces that a securities class action lawsuit has been filed in the United States District Court for the District of Nevada on behalf of all persons or entities who purchased the common stock of Spectrum Pharmaceuticals, Inc. (“Spectrum” or the “Company”) (NAS: SPPI) from August 8, 2012 through March 12, 2013, inclusive (the “Class Period“). The complaint alleges violations of Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5, promulgated thereunder, against the Company and certain of its officers and directors.

The complaint alleges that throughout the Class Period, defendants made false and misleading statements to the investing public by dismissing concerns that sales of FUSILEV® (an oncology drug manufactured by Spectrum) would be adversely affected by increased supplies of leucovorin (a generic and competing drug of FUSILEV) and concealing the impact that the increased availability of leucovorin would have on FUSILEV sales. The complaint alleges that the defendants knew that when the availability of leucovorin increased, Spectrum would not be able to sustain its business outlook and revenue projections.

After the market closed on March 12, 2013, Spectrum surprised the market by reporting in a press release that sales of FUSILEV would be dropping significantly due to “a change in ordering patterns of FUSILEV.” The Company also decreased their full-year 2013 revenues forecast to a range of $160 to $180 million, significantly lower than analysts’ revenue expectations of $297.33 million. In a reaction to this news, shares of Spectrum common stock fell $4.64 per share, or 37%, on extremely high trading volume of 22.5 million shares.

If you purchased the common stock of Spectrum from August 8, 2012 through March 12, 2013 (the “Class”) and you wish to serve as lead plaintiff in this action, you must move the Court no later than May 16, 2013. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed class.

If you would like to discuss this action or if you have any questions concerning this notice or your rights as a potential class member or lead plaintiff, you may contact: Arthur J. Chen of Abraham, Fruchter & Twersky, LLP toll free at (800) 440-8986, or via e-mail at info@aftlaw.com or achen@aftlaw.com.

Abraham, Fruchter & Twersky, LLP has extensive experience in securities class action cases, and …read more
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ITT Educational Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of

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ITT Educational Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Possible Breaches of Fiduciary Duty

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that the firms are investigating legal claims against the officers and Board of Directors of ITT Educational Services, Inc. (“ITT Educational” or “Company”) (NYS: ESI) related to potential securities violations between April 22, 2010 and February 25, 2013 (the “Class Period”).

If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

In a recently filed federal class action complaint, ITT Educational and certain of its officers and directors were charged with violating certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that defendants misrepresented and/or failed to disclose that: (a) ITT Educational failed to properly account for the 2009 loan risk-sharing agreement and its PEAKS Program; and (b) Proper internal controls were not maintained in order to confirm that risk-sharing agreements were properly recorded. Additionally, the complaint alleges that after the market found out about the above disclosures the stock dropped substantially.

“Recent revelations about alleged improper business practices and procedures regarding key aspects of ITT Educational business and other misleading financial statements have prompted the firms to investigate possible breaches of fiduciary duties and other violations of state law by ITT Educational officers and directors. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of ITT Educational stock for all shareholders,” said shareholder rights attorney Patrick Powers.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

<div …read more
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Maxwell Technologies Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches

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Maxwell Technologies Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that a federal class action lawsuit has been filed against Maxwell Technologies, Inc. (“Maxwell Technology” or “Company”) (NasdaqGS: MXWL). The firms are investigating additional legal claims against the officers and Board of Directors of Maxwell Technologies during the period of April 28, 2011 to March 7, 2013 (the “Class Period”).

If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

In a recently filed federal class action complaint, Maxwell Technologies and certain of its officers were charged with violating certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that defendants’ misrepresented and/or failed to disclose that: (a) Maxwell had overstated its revenues and earnings in 2011 and 2012 in violation of Generally Accepted Accounting Principles; (b) Maxwell had reported revenues prior to the time the sales price was fixed and/or collection was reasonably assured; and (c) Maxwell’s internal accounting controls were deficient and permitted the premature recognition of revenue, leading to materially misstated financial results. According to the complaint, when these facts were finally disclosed, Maxwell Technologies‘ shares dropped substantially.

“Recent revelations about alleged improper business practices and procedures regarding key aspects of Maxwell Technologies‘ business and other misleading financial statements have prompted the firms to investigate possible breaches of fiduciary duties and other violations of state law by Maxwell Technologies‘ officers and directors. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of Maxwell Technologies stock for all shareholders,” said shareholder rights attorney Patrick Powers.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder …read more
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Spectrum Pharmaceuticals Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breac

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Spectrum Pharmaceuticals Shareholder Alert: Briscoe Law and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors

DALLAS–(BUSINESS WIRE)– Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that a federal class action lawsuit has been filed against Spectrum Pharmaceuticals, Inc. (“Spectrum Pharmaceuticals” or “Company”) (NasdaqGS: SPPI). The firms are investigating additional legal claims against the officers and Board of Directors of Spectrum Pharmaceuticals during the period of August 8, 2012 to March 12, 2013 (the “Class Period”).

If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers Taylor, LLP, toll free (877) 728-9607, via email at zach@powerstaylor.com. There is no cost or fee to you.

In a recently filed federal class action complaint, Spectrum Pharmaceuticals and certain of its officers and directors were charged with violating certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that among other things, defendants’ misrepresented and/or failed to disclose that: (a) Spectrum’s sales of FUSILEV would drastically decline once the generic folate analong, leucovorin, was made available; (b) despite advertised advantages of FUSILEV over leucovorin, it would not be enough to convince clinics and hospitals to continue to use the more expensive FUSILEV once leucovorin was available in larger quantities; and (c) based upon the above, the defendants lacked a reasonable basis for their positive statements about the Company and its revenue earnings during the class period. According to the complaint, when the positive statements were released, the stock rose to a high of $13.05, but once the true facts were discovered, the price of Spectrum Pharmaceuticals stock fell significantly and closed at $7.79.

Shareholder rights attorney Willie Briscoe said, “Recent revelations about alleged improper business practices and procedures regarding key aspects of Spectrum Pharmaceuticals‘ business and other misleading financial statements have prompted the firms to investigate possible breaches of fiduciary duties and other violations of state law by Spectrum Pharmaceuticals‘ officers and directors. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of Spectrum Pharmaceuticals stock for all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex …read more
Source: FULL ARTICLE at DailyFinance

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Faruqi &amp; Faruqi, LLP is Seeking More Cash for the Shareholders of Obagi Medical Products, Inc. (OMPI

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Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Obagi Medical Products, Inc. (OMPI)

NEW YORK–(BUSINESS WIRE)– Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Obagi Medical Products, Inc. (“Obagi” or the “Company”) (NAS: OMPI) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX: VRX) in an all-cash deal valued at approximately $360 million. Under the terms of the proposed transaction, Obagi’s stockholders will receive $19.75 for each share of Obagi common stock they own. The proposed transaction is structured as a tender offer and may be effectuated without a shareholder vote.

Request more information now by clicking here: www.faruqilaw.com/OMPI . There is no cost or obligation to you.

The investigation focuses on whether Obagi’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Obagi’s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Obagi and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/OMPI or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: 877-247-4292<br …read more
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