|
|
|
Robbins Umeda LLP Announces Investigation of XenoPort, Inc.
Press Release |
2010/07/29 09:12
|
| pRobbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors at XenoPort, Inc. XenoPort is a biopharmaceutical company that focuses on developing internally discovered product candidates that utilize the body's natural nutrient transport mechanisms to enhance the therapeutic benefits of drugs. The Company was founded in 1999 and is based in Santa Clara, California. /ppRobbins Umeda LLP's investigation concerns whether the Company's directors and officers caused the Company to make materially false and misleading representations regarding XenoPort's Phase 3 clinical program for an extended-release tablet and development stage drug called Horizant, also known as XP13512 (512). Specifically, Robbins Umeda LLP is investigating whether the Company's fiduciaries caused XenoPort to mislead investors about 512, a potential treatment for moderate-to-severe primary Restless Legs Syndrome, including misleading the public about 512's safety. /ppOn February 17, 2010, the Company publicly disclosed that the U.S. Food and Drug Administration had declined to approve 512, with concerns about laboratory results showing pancreatic cell tumors in rats as a result of the use of the drug. Upon this news, XenoPort's stock fell $12.93 per share to close at $6.67 per share on February 18, 2010 -- a one-day decline of 66%. /ppIf you are a shareholder of XenoPort, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at a href=mailto:info@robbinsumeda.cominfo@robbinsumeda.com/a. /p |
|
|
|
|
|
|
Goldfarb Branham LLP Investigating AmeriCredit
Press Release |
2010/07/27 09:15
|
pGoldfarb Branham LLP is still pursuing potential shareholder claims against the Board of Directors of Texas-based AmeriCredit due to an allegedly unfair buyout by General Motors for $24.40 per share. The Dallas-Fort Worth firm plans to file a stockholder class action lawsuit against the Board of Directors that seeks to make the deal fair for AmeriCredit shareholders. Any AmeriCredit stockholders interested in joining the lawsuit as a plaintiff are encouraged to contact shareholder lawyer Hamilton Lindley at 877-583-2855 or a href=mailto:hlindley@goldfarbbranham.comhlindley@goldfarbbranham.com/a. /ppBecause at least one analyst has a target price for AmeriCredit of $26.00 per share, and the stock has traded as high as $26.49 per share within the last year, this deal appears unfair for ACF shareholders, said Hamilton Lindley, a shareholder lawyer at Goldfarb Branham. It is estimated that GM will increase its sales by 10-20 percent with this takeover, but AmeriCredit shareholders will be completely cashed out for a mere $24.40 per share. /ppGoldfarb Branham LLP firm has significant experience in Texas merger cases and provides nimble, creative, and effective counsel at all stages of litigation. If you own AmeriCredit stock or have information and wish to discuss this matter, contact attorney Hamilton Lindley at 877-583-2855 or a href=mailto:hlindley@goldfarbbranham.comhlindley@goldfarbbranham.com/a. All litigation related expenses are paid for by the firm. The firm only gets paid when it is successful in obtaining a benefit for the shareholders.
/p |
|
|
|
|
|
|
Bull Lifshitz, LLP Announces Investigation
Press Release |
2010/07/27 09:15
|
| pBull amp; Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of ATC Technology Corporation by GENCO Distribution System, Inc. in a cash transaction valued at approximately $512.6 million. /ppUnder the terms of the transaction, approved by the board of directors of both companies, each outstanding share of ATC will be converted into the right to receive $25.00 per share in cash. Completion of the merger is subject to, among other things, approval by holders of a majority of ATC's outstanding common stock. /ppBull amp; Lifshitz, LLP's investigation is focused on whether the Board of Directors breached their fiduciary duties to ATC stockholders and whether the proposed deal provides adequate value to the Company's shareholders. /ppIf you are a holder of ATC stock and want to discuss your legal rights, you may e-mail or call Bull amp; Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions. /ppIf you are a shareholder of ATC and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: a href=mailto:counsel@nyclasslaw.comcounsel@nyclasslaw.com/a. All e-mail correspondence should make reference to ATC. /ppBull amp; Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at a href=http://www.nyclasslaw.comwww.nyclasslaw.com/a. /p |
|
|
|
|
|
|
Immigration to rich countries fell during crisis
Press Release |
2010/07/10 10:05
|
| pImmigration to rich countries dropped during the global economic crisis, reversing five years of annual increases as the demand for labor fell, the Organization for Economic Cooperation and Development said Monday./ppA report showed that 4.4 million people migrated to the OECD's 31 member countries — the world's most developed economies — in 2008. That is a drop of about 6 percent from the year before./ppThe fall reverses five years of annual increases of 11 percent, the OECD said in its International Migration Outlook 2010./ppNational data suggest that international migration fell again in 2009./ppUnemployment among male immigrants has risen more than among native counterparts because many immigrants worked in industries badly hit by the crisis, such as construction, hotels and restaurants, the OECD said. Still, few are returning home, it said./ppIn some countries, employment of female immigrants has risen as women take jobs to make up for lost income of their unemployed spouses, it said./p |
|
|
|
|
|
|
Gibson’s Lawyer Slams Grigorieva’s Claims
Press Release |
2010/06/28 04:59
|
pMel Gibson’s lawyer slammed Oksana Grigorieva’s claims that she had been treated cruelly by Mel and that he hadn’t been paying child support.nbsp; His lawyer actually termed her claims as “sensational allegations” because they were meant to simply tarnish his name in the media./ppRight now, the ex-couple is battling over visitation rights.nbsp; Oksana received a restraining order last week causing Gibson’s lawyers to ask for a modification so the star can visit his daughter and spend time with her./ppKolodny, Gibson’s lawyer, told TMZ, “Oksana’s deceitful conduct in trying to terminate Mel’s access to his daughter continues.”/ppLast week, Oksana filed a restraining order against Gibson, and began spreading the rumor that he was not paying any child support.nbsp; The actor already has a tarnished image in the media due to past mistakes he made such as the anti-Semitic remarks.nbsp; It will be interesting to see how this whole debacle resolves between this Hollywood couple.
/p |
|
|
|
|
|
|
American Bar Association Finds Kagan “Well-Qualified”
Press Release |
2010/06/28 02:00
|
pThe American Bar Association Standing Committee on the Federal Judiciary has rated U.S. Supreme Court Associate Justice nominee Elena Kagan as “well-qualified,” the highest mark the committee offers. /ppSince 1953, the ABA has had a role in reviewing the qualifications of federal court nominees, including Supreme Court nominees.nbsp; A committee of 15 members — two from the Ninth Circuit, one from each of the 12 other federal judicial circuits and one who serves as chair — measures the individual’s integrity, professional competence and judicial temperament.nbsp; /ppWhile the standing committee insulates its work from all other activities of the association, ABA president Carolyn Lamm is familiar with the procedures used to evaluate a nominee’s qualifications.nbsp; Lamm served as chair of the committee from 1995 to 1996.nbsp; /ppLamm explained, “In terms of legal competence, you’re looking at legal, analytical ability.nbsp; You’re looking at what they’ve written, how they’ve argued, whether they’ve argued — how they’ve done it.nbsp; We listen to opponents, or from those on the same side and from judges to find out, how did they do as lawyers and what is their legal ability?”/ppA comprehensive evaluation is conducted by interviewing a broad spectrum of the legal community, reviewing pertinent materials written by the nominee, and interviewing the nominee personally.nbsp; After the evaluation is complete, the findings are assembled into a report which is reviewed by each member of the standing committee who then individually rates the nominee as either “well-qualified,” “qualified” or “not-qualified.”nbsp; The majority vote constitutes the official rating of the ABA standing committee./ppTo merit a “well-qualified” rating, a Supreme Court nominee must be a preeminent member of the legal profession, have outstanding legal ability and exceptional breadth of experience, and meet the highest standards of integrity, professional competence and judicial temperament.nbsp; Kagan’s well-qualified rating was unanimous with one abstention. /ppInvestigations of nominees to the U.S. Supreme Court differ in respect to other federal nominees in that they are conducted after the president has selected a nominee; they involve all members of the standing committee; a team or teams of law professors examine the nominee’s legal writings; and a group of practicing lawyers with Supreme Court experience also examines the writings. /ppKagan currently serves as solicitor general of the United States.nbsp; She was nominated to fill the seat of John Paul Stevens, who will step down at the end of the 2009-2010 Supreme Court term. /ppWhen asked how the standing committee evaluates nominees who may not have had prior judicial experience, standing committee chair Kim Askew noted, “There are many, many judges who have served on courts who have never been judges and are very effective judges.nbsp; We look at what they do and we go to the three criteria — professional competence, integrity, and temperament — and we look at what they have done in their legal careers in the practice of law, which may or may not be on a bench.”/ppThe past five U.S. Supreme Court nominees were also found well-qualified by the committee./ppThe Senate Judiciary Committee is scheduled to begin its confirmation hearing for Kagan on June 28.nbsp; Kim Askew, the chair of the Standing Committee on the Federal Judiciary, has been invited to testify relating to the standing committee’s rating.
/p |
|
|
|
|
|
Legal News RSS Feed
