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    News and Articles on Securities Law

    Archives: Securities Law

    Milberg Kickback Defendant Gets Three-Month Term  Oct 8, 2008
    A federal judge sentenced Howard Vogel to three months in prison to be followed by two years of supervised release for his in taking on the role of a plaintiff in lawsuits brought by New York-based securities law firm Milberg, formerly known as Milberg Weiss. U.S. District Judge John F. Walter also ordered Vogel to pay a fine of $4,000 as part of the sentence meted out this week after he pleaded guilty in August 2006 to one count of making a false statement in federal court, according to Thom... (Law.com)

    Ivernia Names John Pitcher General Counsel and Corporate Secretary  Oct 8, 2008
    Alan De'ath, Ivernia's President and Chief Executive Officer said, "With his experience in the mining industry, John will be an important addition to our management team. John is a seasoned professional with extensive experience in contract negotiation, environmental matters, securities law and corporate governance." ... Certain statements contained in this document constitute forward-looking information within the meaning of securities laws, including statements as to the recommencement of... (CCNMatthews Press Releases)

    Western Goldfields Announces Improved Mine Plan for Mesquite, Releases Third Quarter Production Results, and Revises Full-Year Production Target  Oct 7, 2008
    Forward-Looking Information --------------------------- Certain statements contained in this news release and subsequent oral statements made by and on behalf of the Company may contain forward-looking information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian securities law. Such forward-looking statements are identified by words such as "intends", "anticipates", "believes", "expects", "plans" and include, without limitation,... (PR Newswire)

    Testudo Oil & Gas Exploration Ltd.: Qualifying Transaction  Oct 7, 2008
    Antler Creek proposes to close a private placement to raise between $2,500,000 ("Minimum Financing") and $8,000,000 ('Maximum Financing"). Antler Creek proposes to sell up to 4,000,000 Antler Creek Shares (with flow thorough attributes) at $1.00 per Antler Creek Share. Antler Creek proposes to sell up to 4,000,000 Antler Creek Units at $1.00 per Unit (post-consolidation). Each Antler Creek Unit consists of one (1) Antler Creek Share (without flow-through attributes) and one common share purchase... (CCNMatthews Press Releases)

    European Stocks Decline for Third Week on Concern With Possible Recession  Oct 5, 2008
    It also contains provisions including $149 billion in tax breaks, a higher limit on federal bank-deposit insurance and changes in securities law. To contact the reporter on this story: in London at. (Bloomberg -- Europe)

    Notice From the Securities Law Firm of Klayman & Toskes to all Investors who Held Large, Concentrated Positions in Wachovia Stock  Oct 4, 2008
    Notice From the Securities Law Firm of Klayman s to all Investors who Held Large, Concentrated Positions in Wachovia Stock ... Notice From the Securities Law Firm of Klayman s to all Investors who Held Large, Concentrated Positions in Wachovia Stock ... NEW YORK, Oct. 3 /PRNewswire/ -- The Securities Law Firm of Klayman s, announced today that a class action lawsuit, Case No. 08-cv-6171, has been filed on behalf of purchasers of Wachovia (NYSE: WB) common stock. (PR Newswire)

    Wachovia has a new beau and a jilted, ticked-off ex  Oct 4, 2008
    In fact, some lawyers had already prepared to file a lawsuit on behalf of Wachovia shareholders to block the Citigroup deal, probably planning to argue that its terms were unfavorable to investors, said Stuart Grant, a securities lawyer at Grant & Eisenhofer in Wilmington, Del ... It is not clear that courts in that state have decided how contracts might interact with fiduciary duties in a case like this, said James Cox, a professor of corporate and securities law at Duke University ... But... (OregonLive, OR -- Business)

    Brookfield Real Estate Services Fund Receives Approval for Normal Course Issuer Bid  Oct 4, 2008
    Certain statements included in this release contain words such as "will", "expects", 'expectations", "may", "anticipates", "believes", "intends", "estimates" and "plans" (and similar expressions) and constitute "forward-looking statements" within the meaning of applicable securities law. These statements are based on the Fund's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the Fund operates. Such forward-looking... (CCNMatthews Press Releases)

    The Securities Law Firm of Klayman & Toskes Files Arbitration Claim to Recover Damages Sustained in Morgan Keegan and Regions Financial Corp.'s Closed End Bond Mutual Funds -- RHY, RMH, RMA, RSF  Oct 4, 2008
    The Securities Law Firm of Klayman & Toskes Files Arbitration Claim to Recover Damages Sustained in Morgan Keegan and Regions Financial Corp.'s Closed End Bond Mutual Funds -- RHY, RMH, RMA, RSF: Financial News - Yahoo ... The Securities Law Firm of Klayman & Toskes Files Arbitration Claim to Recover Damages Sustained in Morgan Keegan and Regions Financial Corp.'s Closed End Bond Mutual Funds -- RHY, RMH, RMA, RSFFriday October 3, 9:00 pm ET ... Oct. 3, 2008 (GLOBE NEWSWIRE) -- The Securities... (Primezone Releases)

    Notice to All Investors of Fannie Mae and Freddie Mac Stock From the Law Firm of Blum & Silver, LLP  Oct 4, 2008
    Oct. 3, 2008 (GLOBE NEWSWIRE) -- The Law Offices of Blum & Silver, LLP () is a nationally-recognized securities law firm headquartered in South Florida with a satellite office in New York City. Blum & Silver is currently investigating losses incurred from investments in Fannie Mae and Freddie Mac preferred stock. (Primezone Releases)

    Liberty Property Trust Prices Offering of 4,750,000 Common Shares  Oct 3, 2008
    This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction ... The statements contained in this press release may include forward-looking statements within the meaning of the federal securities law. (PR Newswire)

    Edwards Angell Enters China Legal Market  Oct 3, 2008
    The two attorneys specialize in corporate and securities law. "Expanding our client service capacity formally into Asia is consistent with the Firm's strategy," Walter G.D. Reed, managing partner of Edwards Angell, said in a written statement. (Law.com)

    China resumes IPO after more than one year suspension  Oct 3, 2008
    Under the newly revised Securities Law and Corporate Law, all public shares to be issued domestically will be tradable after a period set by the China Securities Regulatory Commission. In the past, only about a third of shares of domestically listed companies were floated on the market, and the rest remained under state ownership to ensure the government control of the state-run sector. (Xinhuanet, China -- Business)

    Lawrence Beard  Sep 24, 2008
    The terms include filing reports with the department for three years documenting any securities sales made in Oregon under the sales exemptions in the Oregon securities law. GigaPix produces animation for films, television, and interactive programs. (Portland Business Journal, OR)

    Solana Resources Limited ("Solana" or the "Company") - Colombia Operational Update  Sep 23, 2008
    Forward Looking Statements Certain information regarding the Company, including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities law and necessarily involve risks associated with oil and gas exploration, production, marketing and transportation such as loss of market, volatility of prices, currency fluctuations, imprecision of reserve estimates, mechanical problems, equipment limitations, environmental risks,... (Canada Newswire)

    Housing experts say bailout proposal may do little for homeowners  Sep 23, 2008
    Amanda Darwin, a partner at the law firm of Nixon Peabody who specializes in both bankruptcy and securities law, said the Treasury Department was likely to become bogged down in legal problems if it tried any relief more radical than the cautious framework adopted earlier this year by the American Securitization Forum, an industry group. "In order to modify loans beyond that framework, you have to have the consent of 100 percent of the holders of the affected securities," Darwin said. (International Herald Tribune -- Business)

    SEC Temporarily Bans Short-Selling Stock of 799 Financial Companies  Sep 21, 2008
    Search ABA Journal and blawgs. Posted Sep 19, 2008, 11:15 am CDT By. (ABA Journal)

    Getting to know the Southern Arizona political candidates running on Nov. 4  Sep 21, 2008
    In 2006, Wong, 49, was appointed by Gov. Napolitano to fill an open seat on the ACC. During his tenure he was involved with all aspects of commission work, including renewable energy, regulatory hearings, securities law, and railroad and pipeline safety. While serving on the commission, Wong voted in favor of establishing the 15 percent energy standard. (Green Valley News & Sun, AZ)

    Important Notice to All Individuals and Institutions Who Invested in Morgan Keegan and Regions Financial Corp.'s Closed-End Bond Mutual Funds From the Securities Law Firm of Klayman & Toskes  Sep 20, 2008
    Important Notice to All Individuals and Institutions Who Invested in Morgan Keegan and Regions Financial Corp.'s Closed-End Bond Mutual Funds From the Securities Law Firm of Klayman & Toskes: Financial News - Yahoo ... Important Notice to All Individuals and Institutions Who Invested in Morgan Keegan and Regions Financial Corp.'s Closed-End Bond Mutual Funds From the Securities Law Firm of Klayman & ToskesFriday September 19, 7:07 pm ET ... Sept. 19, 2008 (GLOBE NEWSWIRE) -- The Securities Law... (Primezone Releases)

    SEC Ponders Temporary Ban on Short-Selling  Sep 19, 2008
    "I'm certain people were shorting stock, but were they doing it abusively? And how much did that lead to the downfall?" says Barbara Black, a University of Cincinnati law professor and editor of Securities Law Prof Blog ... By borrowing and then selling shares from investors who would otherwise simply hold them, short-sellers can be a valuable source of liquidity in the stock market ensuring shares are available even when the market is trending strongly in one direction, says Stephen Bainbridge,... (BusinessWeek)

    Timberline Releases Highlights of Preliminary Economic Analysis for Its Butte Highlands Gold Project  Sep 19, 2008
    Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements. Contact. (Primezone Releases)

    Shepherd Smith Edwards & Kantas LLP Investigates Claims for Investors in The Reserve Management Corporation's Primary Fund  Sep 18, 2008
    NEW YORK, Sept. 18, 2008 (GLOBE NEWSWIRE) -- The Securities Law Firm of Shepherd Smith Edwards & Kantas LLP, , is currently investigating claims on behalf of purchasers of The Reserve Management Corporation's (``The Reserve'') The Primary Fund (NASDAQ: - ) ... Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and staff with more than 100 years of combined experience in the securities industry and in securities law. (Primezone Releases)

    AIG, Lehman collapses may spur fire sales  Sep 18, 2008
    There will be those looking to take advantage of the crisis,'' said Charles Arsouze, a lawyer specializing in M&A, capital markets and securities law proceedings at Paris-based Fontaine Mitrani & Associates. Edgy Buyers Buyers are still skittish. (Sydney Morning Herald -- Business)

    Independent special committee rejects Larry Rosen's allegation  Sep 17, 2008
    When the Company was initially informed of these allegations, the Board of Directors formed a special committee, consisting solely of independent directors, which retained independent legal advisors Fasken Martineau DuMoulin LLP, a leading law firm with recognized expertise in securities law and corporate governance matters, to carry out a full and comprehensive investigation of such allegations and to report back with their conclusions. The special committee received and reviewed the Fasken... (PR Newswire)

    Into the Fire  Sep 17, 2008
    For this reason, such Islamists call SCF "financial jihad." Earlier this year, David Yerushalmi, a litigator specializing in securities law and an expert on Shariah, produced (soon to appear in the University of Utah Law Review) examining the civil and criminal exposure inherent in Shariah-Compliant Finance. His conclusion: banks and investment houses offering SCF products may be enabling or engaging in the following: racketeering, anti-trust activity, securities fraud, consumer fraud and/or... (Townhall.com)

    Barclays chief's predictions on Wall St. banks appear vindicated  Sep 15, 2008
    According to securities law here, Barclays would have had to get approval from shareholders to offer such a guarantee itself. A deal can always be revived, but the U.S. Treasury's hard line in not providing financial support for Lehman is an indication that the administration of President George W. Bush is adamant about leaving the future of Lehman to the markets. (International Herald Tribune -- Money Report)

    Deutsche Bank buying nearly 30% of Postbank for €2.8 billion  Sep 13, 2008
    Taking a stake above 30 percent would require Deutsche Bank, under German securities law, to make an offer for all Postbank shares. Deutsche Bank's chief executive, Josef Ackermann, made the deal despite worries in financial markets that buying only a portion of Postbank would prevent Deutsche from squeezing synergies out of the combination. (International Herald Tribune)

    The Securities Law Firm of Klayman & Toskes Files Another Arbitration Claim Against Charles Schwab for Losses Sustained in YieldPlus Funds  Sep 13, 2008
    The Securities Law Firm of Klayman & Toskes Files Another Arbitration Claim Against Charles Schwab for Losses Sustained in YieldPlus Funds: Financial News - Yahoo ... The Securities Law Firm of Klayman & Toskes Files Another Arbitration Claim Against Charles Schwab for Losses Sustained in YieldPlus FundsFriday September 12, 7:10 pm ET ... NEW YORK, Sept. 12, 2008 (GLOBE NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, , said today that it filed a securities arbitration claim against... (Primezone Releases)

    The Securities Law Firm of Klayman & Toskes Announces the Filing of Arbitration Claim Against Morgan Keegan and Regions Financial Corp. -- RHY, RMH, RMA, RSF  Sep 13, 2008
    The Securities Law Firm of Klayman & Toskes Announces the Filing of Arbitration Claim Against Morgan Keegan and Regions Financial Corp. -- RHY, RMH, RMA, RSF: Financial News - Yahoo ... The Securities Law Firm of Klayman & Toskes Announces the Filing of Arbitration Claim Against Morgan Keegan and Regions Financial Corp. -- RHY, RMH, RMA, RSFFriday September 12, 7:07 pm ET ... Sept. 12, 2008 (GLOBE NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, P.A. () announced today that it filed... (Primezone Releases)

    VentriPoint Diagnostics Announces Private Placement of Equity Financing  Sep 11, 2008
    The private placement, including any applicable finder's fees, are subject to regulatory acceptance, and the Common Shares and the Warrants to be issued will be subject to a hold period of four months and a day from the date of issuance, pursuant to applicable securities laws and the policies of the TSX Venture Exchange ... Statements speak only as of the date on which they are made, and VentriPoint undertakes no obligation to update them publicly to reflect new information or the occurrence of... (PR Newswire)

    Sears Home Improvement acquires licenses of the world leading Kitchen and Bath design tool, 20-20 Design  Sep 11, 2008
    Forward Looking Statements Certain statements contained in this press release constitute forward-looking information within the meaning of securities laws ... While the Company may elect to, it is under no obligation and does not undertake to update this information at any particular time, unless required by applicable securities law. (Canada Newswire)

    Freddie, Fannie Scam Hidden in Broad Daylight: Jonathan Weil  Sep 10, 2008
    In the parlance of securities law, it's a risk-factor disclosure. The moral of this story: You're on your own, folks, and there's more where this came from. (Bloomberg -- Columnists)

    Khan Resources Announces Submission of Reserve to Mongolian Government  Sep 8, 2008
    Such forward-looking statements are made as at the date of this news release, and Khan Resources assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law. Khan Resources (TSX: - ) is a Canadian company engaged in the acquisition, exploration and development of uranium properties. (CCNMatthews Press Releases)

    GE Says SEC Probing Possible Securities Violations  Sep 6, 2008
    GE says SEC may recommend civil action for possible violations of securities law ... General Electric Co. says the Securities and Exchange Commission staff has notified the company it may recommend fines and other action for possible violations of securities laws. (ABC News -- Wire)

    The Securities Law Firm of Klayman & Toskes Files Arbitration Claim Against Morgan Keegan and Regions Financial Corp. As Monthly Dividend for Bond Funds is Cut to About $0.01 Per Share -- RHY, RMH, RMA, RSF  Sep 6, 2008
    The Securities Law Firm of Klayman & Toskes Files Arbitration Claim Against Morgan Keegan and Regions Financial Corp. As Monthly Dividend for Bond Funds is Cut to About $0 ... The Securities Law Firm of Klayman & Toskes Files Arbitration Claim Against Morgan Keegan and Regions Financial Corp. As Monthly Dividend for Bond Funds is Cut to About $0 ... Sept. 5, 2008 (GLOBE NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, P.A. () announced that it filed another arbitration claim against... (Primezone Releases)

    DALSA Corporate Announcement  Sep 4, 2008
    Some of the statements in this press release, including those relating to the company's strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of securities law. Actual results may differ materially from those currently anticipated. (CCNMatthews Press Releases)

    Yellowstone Club Divorcee Entangled in Terrorist Software Suits Using FBI  Aug 30, 2008
    Drexel paid a $650 million penalty for securities law violations and went bankrupt in 1990, and Trepp left for Lake Tahoe. The Securities and Exchange Commission in 1995 accused him of executing fraudulent bond trades back in 1986. (Bloomberg)

    Shepherd Smith Edwards & Kantas LLP Files Arbitration Claims Against Morgan Keegan & Company, Inc.  Aug 29, 2008
    Aug. 28, 2008 (GLOBE NEWSWIRE) -- The Securities Law Firm of Shepherd, Smith, Edwards & Kantas LLP, , announced today the filing of several new arbitration claims against Morgan Keegan & Company, Inc. The lawsuits seek damages related to several of Morgan Keegan's proprietary bond funds, including the RMK Select Intermediate Bond Fund (``RHIIX'') and the RMK Multi-Sector High Income Fund (``RHY'') (collectively, the ``RMK Funds''). As alleged in the claims, Morgan Keegan falsely marketed its RMK... (Primezone Releases)

    US easing its rules on corporate prosecution  Aug 28, 2008
    "Penalizing a company for paying the legal fees of its employees is simply outrageous," said Mercer Bullard, a securities law professor at the University of Mississippi Law School. "In cases where they say 'We are going to bring down your company unless you waive attorney-client privilege,' that has to stop.". (Boston Globe)

    N.J. Court: Consumer Fraud Act Applies if Bank Fails to Make Investment as Promised  Aug 28, 2008
    He had found the Consumer Fraud Act did not apply to the sale of securities and that the suit was barred by the New Jersey Uniform Securities Law's two-year statute of limitations ... The appeals court also rejected defense claims that the suit should be dismissed because Lee missed the two-year statute of limitations in the New Jersey Uniform Securities Law. (Law.com)

    Lawsuits pile up over 5/3 finances  Aug 28, 2008
    Class-action securities lawyers representing owners of stock hit the Cincinnati bank and its senior officials with three new lawsuits in Cincinnati federal court earlier this month ... Strauss & Troy s Wayne filed a motion this week to consolidate two of the Aug. 12 federal complaints along with two lawsuits from earlier this year (for which it serves as local counsel) that also alleged violations of federal securities law by Fifth Third ... Similar securities lawsuits typically take years to... (Cincinnati Business Courier, OH)

    Unitech Energy reports filing of its second quarter 2008 unaudited consolidated financial statements and clarifies securites issued under private placement  Aug 27, 2008
    QUICK SEARCH BY ORGANIZATION. FREE SUBSCRIPTION SERVICES. (Canada Newswire)

    Thorp Reed Gets Italian Firm Out of Class Action  Aug 26, 2008
    He also noted that plaintiffs have tried to use Section 10b-5(a) and 10b-5(c) to pursue civil causes of action regarding banks or attorneys they allege aided and abetted bad behavior about securities because the 1995 Private Securities Law Regulation Act made aiding and abetting a crime but didn't afford a civil cause of action for aiding and abetting ... Roseman said the Stoneridge decision "makes it fact-intensive" for judges to rule on whether plaintiffs have established a "scheme liability."... (Law.com)

    Ridley Inc. Reports Financial Results for Fiscal 2008 Fourth Quarter and Year-End  Aug 25, 2008
    Unless otherwise required by applicable securities law, Ridley disclaims any intention or obligation to publicly update or revise this information, whether as a result of new information, future events or otherwise. Ridley cautions readers not to place undue reliance upon forward-looking statements. (CCNMatthews Press Releases)

    Abode Mortgage Holdings Corp. Announces Closing on the Non-Brokered Private Placement of Convertible Unsecured 10% Notes  Aug 23, 2008
    The notes, and any shares issued upon exercise of the third tranche of notes are subject to a hold period and may not be traded until December 16, 2008 except as permitted by the applicable securities law, the Rules made thereunder, and the TSX Venture Exchange. The proceeds from the private placement will be used for working capital and for general corporate purposes. (CCNMatthews Press Releases)

    Fannie, Freddie rescue plans spark anxiety  Aug 22, 2008
    that still makes Fannie and Freddie more solvent, said James Cox, a Duke University securities law professor. So, preferred shareholders could see the value of their investments rise, he explained. (MSNBC -- Politics)

    Government Officials Meeting with Freddie, Fannie  Aug 21, 2008
    Common shareholders are usually the last in the line behind preferred shareholders, said Charles Whitehead, a securities law professor from Boston University. Vicki Tillman, a credit analyst with Standard & Poors who watches the two mortgage companies, believes the market has overreacted to the problems at Fannie and Freddie. (Fox News)

    Does Continental-Schaeffler deal make other German companies vulnerable?  Aug 21, 2008
    Under German securities law, investors must disclose their stakes when they cross thresholds ranging from 3 percent to 30 percent. The tactic has parallels with the creeping takeover by the luxury carmaker Porsche of its larger rival Volkswagen. (International Herald Tribune -- Business)

    Trintech Reports Second Quarter Fiscal Year 2009 Financial Results  Aug 20, 2008
    " Trintech held its 9th Annual General Meeting (AGM) as a public company in Dublin, Ireland. At the AGM, Cyril McGuire, Chairman and CEO, welcomed the approval by shareholders of all the ordinary and special resolutions including the approval of a share buy-back agreement with First Analysis Securities Corporation. The timing and amount of any repurchase by Trintech under the share buy-back program will be dependent upon market conditions, securities law limitations and other corporate... (PR Newswire)

    The Securities Law Firm of Klayman & Toskes Files Arbitration Claim Against Morgan Keegan and Regions Financial Corp. for Losses Sustained in Select Intermediate Bond Fund -- MKIBX, RIBCX, RIBIX  Aug 16, 2008
    The Securities Law Firm of Klayman & Toskes Files Arbitration Claim Against Morgan Keegan and Regions Financial Corp. for Losses Sustained in Select Intermediate Bond Fund -- MKIBX, RIBCX, RIBIX: Financial News - Yahoo ... The Securities Law Firm of Klayman & Toskes Files Arbitration Claim Against Morgan Keegan and Regions Financial Corp. for Losses Sustained in Select Intermediate Bond Fund -- MKIBX, RIBCX, RIBIXFriday August 15, 6:24 pm ET ... Aug. 15, 2008 (PRIME NEWSWIRE) -- The Securities... (Primezone Releases)

    Law Offices of Eric J. O'Bell, LLC Announce Initiation of Investigation Into Power Medical Interventions, Inc. for Possible Securities Law Violations  Aug 16, 2008
    Aug. 15, 2008 (PRIME NEWSWIRE) -- The Law Offices of Eric J. O'Bell, LLC (``O'Bell'') announce that it is commencing an investigation into Power Medical Interventions, Inc. (``Power Medical'' or the ``Company'') (NasdaqGM: - ) to determine whether possible securities law violations have occurred regarding the recent announcement that the Company suffered a wider than expected second quarter loss ... Securities law information and link resources ... Securities Law, Securities Fraud, and more. (Primezone Releases)

    Turbo Power Systems Inc.: Amendment of Loan Note and Related Party Transaction  Aug 15, 2008
    Impax is considered to be an insider pursuant to Canadian securities law ... Gartmore is considered to be an insider pursuant to Canadian securities law ... Except as otherwise permitted from the dealer registration and prospectus filing requirements of applicable Canadian securities laws, prior to the date that is four months and one day from the closing of the placing, the common shares of TPI issuable upon conversion of the Loan Notes or exercise of the warrants cannot be resold or... (CCNMatthews Press Releases)

    Storm Exploration Inc. Is Pleased to Announce Its Financial and Operating Results for the Three and Six Months Ended June 30, 2008  Aug 15, 2008
    Storm disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under securities law. Boe Presentation - For the purpose of calculating unit costs, natural gas is converted to a barrel of oil equivalent ("Boe") using six thousand cubic feet ("Mcf") of natural gas equal to one barrel of oil unless otherwise stated. (CCNMatthews Press Releases)

    Turbo Power Systems Inc. Announces Its Results for the Six Months and Quarter Ended 30 June 2008  Aug 15, 2008
    Both investors are considered to be insiders pursuant to Canadian securities law. 16 Selected quarterly information. (CCNMatthews Press Releases)

    OSC claims Duic breaching terms of settlement  Aug 15, 2008
    "Duic acted contrary to Ontario securities law and contrary to the public interest by engaging in the transactions in breach of the cease trade order," the OSC said in a statement of allegations Thursday. Duic's Toronto lawyer, Steven Sofer, said his client admits to breaching the order but didn't intend to do it and is "extremely apologetic.". (CTV.ca)

    Liberty Media Board Approves Share Repurchase Authorization  Aug 14, 2008
    The specific timing and amount of actual future share repurchases will vary based on market conditions, securities law limitations and other factors. The repurchases will be made using Liberty's cash resources attributed to Liberty Capital, and the buyback program may be suspended or discontinued at any time without prior notice. (PR Newswire)

    Fowler White to split off insurance defense practice  Aug 14, 2008
    The arrangement evolved out of joint discussions about core competencies and potential conflicts between the defense practices and those involved in business growth such as corporate tax, international business, securities law, financial services and appellate, Law said. This is an opportunity to focus the firms, she said. (Tampa Bay Business Journal, FL)

    Iberian Minerals Corp. Announces Change to the Board of Directors  Aug 14, 2008
    This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom ... This news release contains... (CCNMatthews Press Releases)

    Megawest Energy Announces Third Party Valuation of Reserves and Contingent Resources  Aug 14, 2008
    Except for statements of historical fact relating to the Company, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "potential", "prospective" and other similar words, or statements that certain events or conditions "may" "will" or "could" occur. (CCNMatthews Press Releases)

    Cellcom Israel Announces Second Quarter 2008 Results  Aug 13, 2008
    01% threshold to a trigger when DIC ceases to control (as such term is defined in the Israeli Securities Law, 1968) the Company; and (2) requiring the Company to provide each grantee with a ten-day period to exercise the Awards upon a Corporate Transaction ... For additional information please visit the Company's website Forward-Looking Statements The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation... (PR Newswire)

    Blackdog Announces Expected Spud Date in SE Saskatchewan and Generates Record Monthly Cash Flow for June, 2008  Aug 11, 2008
    Certain information regarding the Offering may constitute forward-looking statements under applicable securities law and necessarily involve certain risks. Specifically, the Company may not proceed with the aforementioned exploration and development drilling, or may not complete the Private Placement which could have a negative impact on the business of the Company and its ability to meet all of its exploration and development requirements. (CCNMatthews Press Releases)

    The Securities Law Firm of Klayman & Toskes Announces the Filing of an Arbitration Claim Against Morgan Keegan and Regions Financial Corporation Seeking Damages of $1,000,000  Aug 9, 2008
    The Securities Law Firm of Klayman & Toskes Announces the Filing of an Arbitration Claim Against Morgan Keegan and Regions Financial Corporation Seeking Damages of $1,000,000: Financial News - Yahoo ... The Securities Law Firm of Klayman & Toskes Announces the Filing of an Arbitration Claim Against Morgan Keegan and Regions Financial Corporation Seeking Damages of $1,000,000Friday August 8, 5:46 pm ET ... Aug. 8, 2008 (PRIME NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, P.A. ()... (Primezone Releases)

    The Law Firm of Klayman & Toskes Files Securities Arbitration Claim Against Charles Schwab Seeking Damages as a Result of Investing in YieldPlus Funds -- SCHW  Aug 9, 2008
    NEW YORK, Aug. 8, 2008 (PRIME NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, , announced today that it filed another securities arbitration claim against Charles Schwab (NasdaqGS: - ) on behalf of an investor who purchased Schwab's YieldPlus Fund (NASDAQ: - ) and YieldPlus Select Fund (NASDAQ: - ). In the Statement of Claim, the Claimant alleges that he purchased the YieldPlus Funds as an alternative to a money market fund where he sought income with little to no risk. (Primezone Releases)

    InnVest REIT reports second quarter results  Aug 8, 2008
    InnVest disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required to do so by applicable securities law. TRUST PROFILE InnVest REIT holds Canada's largest hotel portfolio together with an interest in Choice Hotels Canada Inc. the largest franchisor of hotels in Canada. (Canada Newswire)

    Red Lion Reports Second Quarter 2008 Results  Aug 7, 2008
    This press release contains forward-looking statements within the meaning of federal securities law, including statements concerning plans, objectives, goals, strategies, projections of future events or performance and underlying assumptions (many of which are based, in turn, upon further assumptions). The forward-looking statements in this press release are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those expressed. (PR Newswire)

    Dark Pools Mudding Up Market Transparency  Aug 7, 2008
    You would never just announce to fellow traders, Hey, I want to buy 100,000 shares of X company, said Charles Whitehead, a professor in securities law at Boston University and a former executive at Citigroup (C). That would make the stocks price go through the roof. (Fox News)

    CML HealthCare Income Fund Reports 2008 Second Quarter Financial Results  Aug 7, 2008
    Except as required by Canadian securities law, we do not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf; such statements speak only as of the date made. SEDAR: 00020333E. (Canada Newswire)

    Solana Resources Limited ("Solana" or the "Company") - Costayaco-5 Drilling & Operations Update  Aug 6, 2008
    Forward Looking Statements Certain information regarding the Company, including management's assessment of future plans and operations, may constitute forward-looking statements under applicable securities law and necessarily involve risks associated with oil and gas exploration, production, marketing and transportation such as loss of market, volatility of prices, currency fluctuations, imprecision of reserve estimates, mechanical problems, equipment limitations, environmental risks,... (Canada Newswire)

    Citigroup faces securities probe  Aug 2, 2008
    Citigroup has revealed that it is the subject of an investigation by the US financial regulator into whether it broke securities law. The inquiry centres on the sale and marketing of auction-rate securities, a form of bond often used by municipal authorities to raise funds. (BBC News -- Americas)

    Morgan Lewis partner named Phila. Zoo chairman  Aug 2, 2008
    At Morgan Lewis, Calvert is a partner in the firm s litigation practice group, focusing his practice on cases involving complex commercial litigation matters including antitrust, health care, intellectual property, securities law and utility law and regulation. The Philadelphia Zoo, billed as America s First Zoo, is home to more than 1,300 animals, many rare and endangered. (Philadelphia Business Journal, PA)

    Canadian Phoenix Resources Corp. Corporate Update: Completion of Fourth Tranche of Marble Point Preferred Shares Private Placement for $5,000,000  Aug 2, 2008
    Securities of Canadian Phoenix have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws. Accordingly, none of the securities of Canadian Phoenix may be offered or sold in the United States or to U.S persons (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities law or an exemption from such registration is available ... This news... (CCNMatthews Press Releases)

    Watts elected BOE vice president  Aug 2, 2008
    Earlier this week, Gutcheon said he is zeroing in on banking and securities law and may be interested in becoming a prosecutor targeting white-collar crime. Watts said Wednesday that something he likes about the Windsor BOE is that, despite disagreements, members conduct themselves without acrimony. (Windsor Journal, CT)

    Massey Energy Reports Record Second Quarter Operating Results, Offset By Litigation Charge  Aug 1, 2008
    The Company disclaims any intent or obligation to update these forward-looking statements unless required by securities law, and the Company cautions the reader to not rely on them unduly. Caution must be exercised in relying on forward-looking statements including disclosures that use words such as "believe," "anticipate," "expect," "estimate," "intend," "may," "plan," "project," "will," and similar words or statements that are subject to risks, trends and uncertainties that could cause the... (PR Newswire)

    Clearford Announces Shareholder Approval of Armtec Transaction  Aug 1, 2008
    Forward-Looking Statements This news release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements") ... Except as expressly required by applicable securities law we disclaim any intention and assure no obligation to update or revise any forward looking statements whether as a result of new information, future events or otherwise. (Canada Newswire)

    Toronto-Dominion to Pay Regulator $2 Million in Fines Over Hedge Fund Sale  Aug 1, 2008
    That precipitated the investigation, which led us to find out that the sales people at TD were not properly trained, they didn't understand the securities law with respect to exempt products, and they weren't properly supervised,'' Popovic said. a spokeswoman at Canada's second-biggest bank, said it was an isolated incident and the bank changed its procedures. (Bloomberg -- Canada)

    Crowflight Finalizes Metals Price Protection Requirements for Debt Facility  Jul 30, 2008
    Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will". (CCNMatthews Press Releases)

    Choice Hotels Reports Second Quarter 2008 Adjusted Diluted EPS of $0.49, Domestic Unit Growth of 6.2%  Jul 29, 2008
    Forward-Looking Statements Certain matters discussed in this press release constitute forward-looking statements within the meaning of the federal securities law. Generally, our use of words such as "expect," "estimate," "believe," "anticipate," "will," "forecast," "plan," project," "assume" or similar words of futurity identify statements that are forward-looking and that we intend to be included within the Safe Harbor protections provided by Section 27A of the Securities Act of 1933 and... (PR Newswire)

    Chico's FAS, Inc. Announces New VP of Investor Relations  Jul 29, 2008
    Users of forward-looking statements are encouraged to review the Company's latest annual report on Form 10-K, its filings on Form 10-Q, management's discussion and analysis in the Company's latest annual report to stockholders, the Company's filings on Form 8-K, and other federal securities law filings for a description of other important factors that may affect the Company's business, results of operations and financial condition. The Company does not undertake to publicly update or revise its... (PR Newswire)

    Dimond Kaplan & Rothstein, P.A. Announces That UBS Financial Services, Inc. Denies That Auction Rate Securities Investors Have Suffered Any Damages - Even After UBS Marked Down the Value of ARS and Issued Margin Calls  Jul 29, 2008
    MIAMI, July 29, 2008 (PRIME NEWSWIRE) -- The securities law firm of Dimond Kaplan & Rothstein, P.A. (DKR) () informs investors that UBS Financial Services, Inc. (``UBS'') continues to deny that auction rate securities investors have suffered any damages. DKR has filed numerous FINRA securities arbitration claims against UBS and other Wall Street broker-dealers alleging fraudulent marketing and sales of now-illiquid auction rate securities (``ARS''). (Primezone Releases)

    Grainger Announces Resolution of Government Trade Agreements Act and Sourcing Case  Jul 26, 2008
    Forward-Looking Statements This document contains forward-looking statements under the federal securities law. The forward-looking statements relate to the company's expected future financial results and business plans, strategies and objectives are not historical facts. (PR Newswire)

    Genentech bracing against Roche  Jul 26, 2008
    While Roche holds a commanding position as majority shareholder, it also has a legal obligation to offer a fair deal to minority investors, said Frederick Lambert, a professor of corporate and securities law at Hastings College of the Law in San Francisco. "They can't do something that benefits themselves at the expense of the minority," he said. (San Francisco Chronicle -- Business)

    CSX Invites 2 Dissidents to Board, 2 Await Appeal  Jul 26, 2008
    The appeal relates to a federal judge's ruling in June that while TCI and 3G had violated securities law by evading disclosure obligations, they were allowed to vote all their shares. In morning New York Stock Exchange trade, CSX shares were down 31 cents at $63. (ABC News -- Wire)

    * World Business Quick Take  Jul 26, 2008
    The Tokyo High Court yesterday upheld a lower court ruling that found Japanese Internet tycoon Takafumi Horie guilty of breaking a securities law and sentenced him to two years and six months in prison without suspension, media reports said. The 35-year-old former president of Livedoor Co had pleaded not guilty to charges of forging the companys financial records and falsifying information about the acquisition of a Japanese publisher to raise his companys stock price. (Taipei Times, Taiwan -- World)

    Shepherd Smith Edwards & Kantas LLP Investigate Short Term Bond Funds  Jul 26, 2008
    HOUSTON, July 25, 2008 (PRIME NEWSWIRE) -- The Securities Law Firm of Shepherd Smith Edwards & Kantas LLP, , is currently investigating claims on behalf of investors who purchased bond funds, specifically ultra short term bond funds ... Recent class actions have been filed alleging, in general, violations of the Federal Securities laws ... In various complaints it is alleged that the brokerage firm Charles Schwab allegedly violated state securities laws and industry regulations by misleading... (Primezone Releases)

    Lawyer finds gaping hole in securities law  Jul 23, 2008
    Mr. Taub and his lawyer Robert Brush, of Toronto's Crawley Meredith Brush LLP, mounted a spirited and improbable legal defence that has exposed disturbing gaps and contradictions in Canada's loosely stitched patchwork of provincial securities laws. IIROC governs registered representatives across the country, but because securities laws are governed by the provinces, its powers are derived from often varying provincial securities acts. (Globe and Mail -- Business)

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