The Law Office of James C. Kelly Announces Investigation
Tuesday, 10 January 2012 18:00
The Law Office of James C. Kelly announces that it is investigating potential claims against the board of directors of Inhibitex, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company's entry into an agreement to be acquired by Bristol-Myers Squibb Company in a transaction with an approximate value of $2.5 billion.
Under the proposed agreement, Bristol-Myers will commence a tender offer to acquire all of the outstanding shares of Inhibitex's common stock at a price of $26.00 per share in cash. The investigation concerns whether Inhibitex's board of directors adequately shopped the Company to obtain the best price possible for the Company's shareholders before entering into the agreement with Bristol-Myers.
If you are a holder of Inhibitex common stock and want to discuss your legal rights, you may e-mail or call The Law Office of James C. Kelly who will, without obligation or cost to you, attempt to answer your questions. Please contact James C. Kelly, Esq., of The Law Office of James C. Kelly, 477 Madison Avenue, New York, New York 10022, by toll free telephone at (888) 643-7517
For more information about the firm, please visit its website at http://www.jckellylaw.com.
Phil Spector to take appeal to US Supreme Court
Tuesday, 27 December 2011 06:54
Spector is serving 19 years in prison for being convicted of second-degree murder of actress Lana Clarkson. Spector's lawyer is asking the U.S Supreme court to review the murder case, stating that his constitutional rights were violated by the trial judge. According to Attorney Dennis Riordan, the Superior Court Judge Larry Paul Fidler may have unintentionally became a witness for the prosecution by extending his opinion on an expert's testimony.
The prosecution's use of the judge's video taped comments were suppose to appear in the court by Friday, however, the California Supreme Court declined to review the case.
Last Updated on Tuesday, 27 December 2011 19:46
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Izard Nobel LLP Announces Class Action Lawsuit
Wednesday, 04 January 2012 07:30
The law firm of Izard Nobel LLP, 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 Southern District of New York on behalf of purchasers of the American Depositary Shares of Veolia Environnement S.A. between April 27, 2007 and August 4, 2011, inclusive.
The Complaint charges Veolia and certain of its officers and directors violated the federal securities laws. Specifically, defendants failed to disclose the following adverse facts: (i) that Veolia was materially overstating its financial results by engaging in improper accounting practices; (ii) Veolia lacked adequate internal controls; and (iii) Veolia failed to timely record an impairment charge for its Transport business in Morocco, Environmental Services businesses in Egypt, Marine Services business in the U.S., and for Southern Europe.
On August 4, 2011, Veolia announced its half year results, for the period ended June 30, 2011. The Company reported consolidated revenue of EUR 16,286.7 million and operating income of EUR 252.2 million, compared to EUR 1100.7 million in the prior year period, due to "non-recurring write-downs amounting to EUR 686M." Veolia stated that it would exit certain businesses and certain geographies, including its Transport business in Morocco, Environmental Services businesses in Egypt, Marine Services business in the U.S. and in Southern Europe. On this news, Veolia ADSs fell $4.66 per share.
If you are a member of the class, you may, no later than February 27, 2012, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members.
While Izard Nobel LLP has not filed a lawsuit against the defendants, to view a copy of the Complaint initiating the class action or for more information about the case, and your rights, visit: www.izardnobel.com/veolia
Calif. company due in court for Colo. fire deaths
Tuesday, 27 December 2011 06:53
With the death of five workers at a Colorado power plant back in 2007, A California specialty painting company is expected to plead guilty, in the rare claim and prosecution of a company. Being charged for 5 misdemeanor counts of workplace safety violations, RPI Coatings Inc. of Santa Fe Springs, California will be pleading guilty. Terms of the plea agreement include $1.65 million in penalties and compensation for the families that lost members.
The workers died after a fire broke out inside a hard-to-reach area of the pipeline at Xcel Energy's Cabin Creek hydroelectric plant near Georgetown, Colo., about 40 miles west of Denver.
Sentenced to five years of probation on a count of obstruction of justice as well as the damages concerning the families affected. All other separate charges against RPI owners Philippe Goutagny and vice president James Thompson were dismissed.
Last Updated on Tuesday, 27 December 2011 20:00
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