Posts Tagged ‘investigation’
Monday, March 8th, 2010
(DALLAS) Kendall Law Group launched a shareholder investigation into infoGROUP, Inc. (NASDAQ: IUSA) in connection with its plan to sell the company to CCMP Capital Advisors. The national securities firm is concerned that the infoGROUP Board of Directors breached their fiduciary duties by failing to seek other deals to better represent the value of the company before entering into an agreement that is potentially unfair to shareholders and represents no premium for shareholders. If you are an IUSA shareholder and would like additional information about your rights, you are encouraged to contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On March 8, 2010, the companies announced that they had entered into an agreement for infoGROUP to be acquired by CCMP in a $635 million transaction, including the refinancing of the outstanding debt acquired by infoGROUP. According to the agreement, shareholders will receive $8.00 in cash for each IUSA share that they hold, which represents a $0.16 decrease in stock value from the closing price on the last trading day before the announcement. The transaction is expected to close early this summer.
Kendall Law Group, founded by a former federal judge, has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Protect your rights as an IUSA shareholder by calling the firm.
Tags: acquisition, CCMP, CCMP Capital Advisors, infoGROUP Inc, investigation, IUSA, Kendall Law Group, NASDAQ: IUSA, shareholder
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Friday, March 5th, 2010
Kendall Law Group, a national shareholder rights law firm, is investigating certain officers and directors of Pride International, Inc. (NYSE: PDE) for possible breaches of fiduciary duty and other state laws concerning public statements made by the Company in connection with expected settlements with the federal government. If you currently hold PDE stock purchased prior to 2006, you are encouraged to contact the firm by telephone at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On February 16, 2010, Pride International announced a $56.2 million accrual in the fourth quarter of 2009. The Company indicated that this accrual is their best estimate of potential fines, penalties and disgorgement related to expected settlements with the DOJ and the SEC. These settlements are in connection to the investigation by the DOJ and SEC for allegations of improper payments to foreign government officials in violation of the U.S. Foreign Corrupt Practices Act.
Kendall Law Group is led by a former federal judge experienced in recovering millions for defrauded shareholders. The firm includes a former United States Attorney, state judge, prosecutors, and securities lawyers who are experienced in complex securities litigation. Contact a firm with substantial experience representing investors in securities lawsuits nationwide for advice on your rights as a PDE shareholder.
Tags: investigation, Kendall Law Group, NYSE: PDE, PDE, Pride International Inc., shareholder
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Thursday, March 4th, 2010
(DALLAS) Kendall Law Group, a national shareholder rights law firm, launched an investigation into Novell Inc. (NASDAQ: NOVL) in connection with the proposed acquisition by Elliott Associates, L.P. The firm is concerned that the Board of Directors of Novell may breach their fiduciary duties by failing to seek other deals to better represent the value of the company if they agree to this proposal. If you are a Novell shareholder, we encourage you to contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com to discuss your personal circumstances.
On March 2, 2010, media reports indicated that Elliott Associates offered to purchase Novell in a $2 million transaction. The proposal offers $5.75 in cash per NOVL share owned, which represents a 21% premium over the $4.75 closing price on March 2, 2010. Analyst Richard Williams indicated that the “deal price is on the low side compared to recent deals that were transacted in the enterprise software space.” He also stated that he expects to see higher bid prices from rival companies. Investors may have significant recourse against the Board of Directors if they are found to have breached their fiduciary duties.
Kendall Law Group, founded by a former federal judge, has been counsel in many merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Protect your rights as a Novell shareholder by calling the firm.
Tags: acquisition, Elliott Associates LP, investigation, Kendall Law Group, NASDAQ: NOVL, Novell, NOVL, shareholder
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Wednesday, March 3rd, 2010
(DALLAS) Kendall Law Group launched a shareholder investigation into RiskMetrics Group Inc. (NYSE: RISK) in connection with its plan to sell the company to MSCI Inc. The national securities firm is concerned that the Board of Directors of RiskMetrics breached their fiduciary duties by failing to seek other deals to better represent the value of the company before entering into an agreement that is unfair to shareholders. If you are a RISK shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On March 1, 2010, the companies announced that they had entered into an agreement for RiskMetrics to be acquired by MSCI in a $1.5 billion transaction. According to the agreement, shareholders will receive $16.35 in cash and 0.1802 MSCI stock, valuing RISK shares at $21.75 per share. This represents a 17% premium over the $18.63 closing price of RISK on February 26, 2010. The transaction is expected to close late spring or early summer 2010.
Kendall Law Group, founded by former federal judge Joe Kendall, has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Protect your rights as a RISK shareholder by calling the firm.
Tags: acquisition, investigation, Kendall Law Group, Merger, MSCI, NYSE:RISK, RISK, RiskMetrics, sale, Securities, shareholder
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Wednesday, March 3rd, 2010
(DALLAS) Kendall Law Group investigates Millipore Corporation (NYSE:MIL) for investors concerning the proposed acquisition of Millipore by Merck KGaA. The national securities firm is concerned that the Board of Directors of Millipore may have breached their fiduciary duties by entering into an agreement that is unfair to shareholders, without seeking other deals that may have better represented the value of the company. If you are a MIL shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On February 28, 2010, the companies announced that they had entered into an agreement for Millipore to be acquired by Merck in a $7.2 billion transaction. According to the agreement, shareholders will receive $107.00 in cash per MIL share owned, only 13% over the $94.41 closing price before the deal was announced. The transaction is expected to close during the second half of 2010.
Kendall Law Group, founded by former federal judge Joe Kendall, has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Protect your rights as a MIL shareholder by calling the firm.
Tags: acquisition, investigation, Kendall Law Group, Lawsuit, Merck, Merger, Millipore, Millipore Corporation, NYSE:MIL, sale, Securities
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Wednesday, March 3rd, 2010
(DALLAS) Kendall Law Group announced today that it plans to join a lawsuit on behalf of shareholders of Smithtown Bancorp, Inc. (NASDAQ: SMTB) alleging securities violations by Smithtown and certain of its officers for failure to disclose adverse facts about the financial condition, business and prospects of the Company affecting stock purchased between March 13, 2008 and February 1, 2010.
Any shareholder who purchased SMTB stock during this time period may move the Court to serve as a plaintiff in this class action. If you wish to serve as lead plaintiff, you must move the Court for appointment by April 26, 2010. A lead plaintiff is a class member who acts on behalf of other class members in directing the litigation. Your ability to share in any recovery is not, affected by the decision to serve as a lead plaintiff. If you wish to learn more about your rights as a shareholder or have information concerning this action, contact attorney Hamilton Lindley at 877-744-3728 or hlindley@kendalllawgroup.com.
The lawsuit alleges that Defendants understated the loan loss reserves and failed to state certain assets at their true fair value, causing Smithtown’s financial results to be artificially inflated. Smithtown was able to inflate its reported income and asset quality by improperly delaying the recognition of their assets. The complaint also alleges deficient internal and disclosure controls and unsafe banking practices.
Smithtown issued a press release on February 1, 2010, announcing its fourth quarter and full year 2009 results. The Company reported a loss of $19.8 million for the first quarter of 2009. On this news, SMTB stock prices fell 15%, closing at $4.60 per share on heavy trade volume.
Kendall Law Group is a national securities firm that gives shareholders power when big businesses break the law. Led by a former federal judge and former U.S. Attorney, Kendall Law Group has the credentials to pursue any type of complex securities litigation in the nation. Shareholders who purchased ABC common stock during the relevant period may have a claim against the company and should contact attorney Hamilton Lindley for more information:
Tags: class action, investigation, Kendall Law Group, Lawsuit, NASDAQ:SMTB, Securities, shareholder, Smithtown, Smithtown Bancorp, SMTB
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Wednesday, March 3rd, 2010
Kendall Law Group, a national leader in securities litigation, announces its investigation into the business practices of athenahealth, Inc. (NASDAQ:ATHN) and potential violations of the securities laws. If you purchased ATHN stock and suffered a loss, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com to learn more about your rights are a shareholder.
On February 25, 2010, athenahealth announced the need to postpone the release of the financial results for the fourth quarter of 2009 and the full year 2009, in order to conduct an internal accounting policy review and determine whether the period of amortization for deferred implementation revenue should be extended to a longer expected performance period. The statement indicates that if this change is necessary, the Company would also restate the financial statements for the prior year. On this news, shares dropped 15% to close at $36.84 per share on February 26, 2010.
Kendall Law Group is led by a former federal judge experienced in recovering millions for defrauded shareholders. The firm includes a former United States Attorney, state judge, prosecutors, and securities lawyers who are experienced in complex securities litigation. Contact a firm with substantial experience representing investors in securities lawsuits nationwide for advice on your rights as an ATHN shareholder.
Tags: athena, athenahealth, ATHN, investigation, Kendall Law Group, Lawsuit, litigation, NASDAQ:ATHN, Securities, shareholder
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Wednesday, March 3rd, 2010
(DALLAS) Kendall Law Group is investigating CKE Restaurants, Inc. (NYSE: CKR) for shareholders in connection to the proposed sale of the Company to Thomas H. Lee Partners. The national securities litigation firm is investigating whether CKE properly shopped the Company prior to entering into the agreement. This possible breach of fiduciary duty may have kept the Company from reaching a deal that would provide better value of the Company. If you are a CKR shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On February 26, 2010, the Companies announced that they had entered into an agreement for CKE to be acquired by Thomas H. Lee in a $928 million transaction (including assumption of $309 million in debt). According to the agreement, shareholders will receive $11.05 in cash per CKR share owned, which represents a 24% premium over the closing price on the day before the announcement.
Kendall Law Group is founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: acquisition, CKE, CKE Restaurants, CKR, investigation, Kendall Law Group, Lawsuit, Merger, NYSE: CKR, sale, shareholder, Thomas H. Lee, Thomas Lee
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Wednesday, March 3rd, 2010
(DALLAS) Kendall Law Group is investigating Bowne & Co., Inc. (NYSE:BNE) for shareholders in connection to the proposed sale of the Company to R.R. Donnelley & Sons. The national securities litigation firm is investigating whether Bowne properly shopped the Company prior to entering into the agreement. This possible breach of fiduciary duty may have kept Bowne from reaching deal that would provide better compensation to shareholders. If you are a BNE shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On February 24, 2010, the Companies announced that they had entered into an agreement for R.R. Donnelley to acquire Bowne in a $481 million transaction expected to close in the second half of 2010. According to the agreement, shareholders will receive $11.50 in cash per BNE share owned.
Kendall Law Group has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm is founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation.
Tags: acquisition, BNE, Bowne, Bowne & Co., investigation, Kendall Law Group, Lawsuit, Merger, NYSE:BNE, R.R. Donnelley, sale, Securities, shareholder
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Friday, February 19th, 2010
(DALLAS) Kendall Law Group, a national securities litigation firm, is investigating Zenith National Insurance Corp. (NYSE:ZNT) for shareholders. The firm is investigating whether Zenith properly shopped the Company prior to entering into an agreement to sell the Company to Fairfax Financial Holdings Limited. This possible breach of fiduciary duty may have kept Zenith from reaching deal that would provide better compensation to shareholders. If you are a ZNT shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On February 18, 2010, the Companies announced that they had entered into an agreement for Fairfax to acquire Zenith in a $1.4 billion transaction expected to close before the end of the second quarter 2010. According to the agreement, shareholders will receive $38.00 in cash per ZNT share owned, which represents a 31.4% premium over the closing price of Zenith on the 17th.
Kendall Law Group has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm is founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation.
Tags: investigation, Kendall Law Group, Merger, NYSE:ZNT, shareholder, Zenith, Zenith National Insurance Corp, ZNT
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Friday, February 19th, 2010
(DALLAS) Kendall Law Group, a national securities litigation firm, is investigating the merger of Portec Rail Products, Inc. (NASDAQ:PRPX) with L.B. Foster Company. The firm is investigating whether Portec’s Board of Directors may have breached their fiduciary duties by entering into an agreement without seeking other deals that may have better represented the value of the company. If you are a PRPX shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On February 17, 2010, Portec and L.B. Foster announced that they had entered into an agreement for L.B. Foster to acquire Portec in a transaction expected to close before the end of the second quarter 2010. According to the agreement, shareholders will receive $11.71 in cash per PRPX share owned. This represents only 4% premium over the $11.23 closing price on February 16th before the deal was announced.
Kendall Law Group, founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Tags: investigation, Kendall Law Group, Merger, NASDAQ:PRPX, Portec Rail Products Inc, PRPX, shareholder
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Wednesday, February 17th, 2010
(DALLAS) Kendall Law Group investigates Terra Industries Inc. (NYSE:TRA) for investors concerning the proposed acquisition of Terra by Yara International ASA. The Board of Directors of Terra may have breached their fiduciary duties by entering into an agreement that is unfair to shareholders, without seeking other deals that may have better represented the value of the company. If you are a TRA shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On February 15, 2010, Terra Industries announced that they had entered into an agreement to be acquired by Yara International in a $4.1 billion transaction. According to the agreement, shareholders will receive $41.10 in cash per TRA share owned, only 24% over the $33.25 closing price before the deal was announced. TRA common stock closed at $43.12 as recently as December 10, 2009. Due to the $123 million termination fee, it is unlikely that Terra will continue to seek other options.
Kendall Law Group, founded by former federal judge Joe Kendall, has been counsel in dozens of merger and acquisition cases nationwide, including some of the largest transactions in the United States. The firm includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. Protect your rights as a TRA shareholder by calling the firm.
Tags: acquisition, Buyout, investigation, Investment, Kendall Law Group, NYSE:TRA, shareholder, Terra Industries, Terra Industries Inc, TRA, Yara International ASA
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Tuesday, February 2nd, 2010
Kendall Law Group, led by a former federal judge, updates shareholders of its investigation for potential securities law violations of Toyota Motor Corporation (NYSE: TM). As a result of the recent recall announcements, Toyota stock plummeted 14 percent, wiping out $21 billion in market value in just one week.
From July 23, 2009 to January 29, 2010, Toyota failed to disclose that there was a major design defect in its acceleration system. Instead, the company blamed the problem on faulty floor mats. It was not until January 26 that Toyota finally revealed that it was immediately halting the sale and production of eight models because of the acceleration system defect. As a result of this announcement, Toyota’s shares plunged $7.01 to close at $79.77. When further European recalls were announced, the stock fell to $77.00 per share.
Former federal Judge Joe Kendall stated “While Toyota has found a solution to repair the recalled vehicles, we are still concerned about the damage to the reputation of Toyota that continues to affect stock prices.” Today, the executive in charge of quality control, Shinichi Sasaki, told reporters in Japan that Toyota expects slow sales in January as a result of the recall and that the scale of the recall “was a cause for worry.” He also stated that Toyota’s main concern was regaining the trust of their customers.
If you have any information about this issue or questions concerning your Toyota stock, you may contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group is led by a former federal judge experienced in recovering millions for defrauded shareholders. The firm includes a former United States Attorney, state judge, prosecutors, and securities lawyers who are experienced in complex securities litigation.
Tags: investigation, Kendall Law Group, NYSE: TM, Toyota, Toyota Motor Corporation
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Tuesday, February 2nd, 2010
(DALLAS) Kendall Law Group, founded by a former federal judge, continues its investigation of Koss Corporation (NASDAQ: KOSS) for shareholders who have purchased stock since June 30, 2005. The investigation for possible securities law violations is triggered by recent announcements made by Koss concerning its internal investigation for unauthorized financial transactions.
If you purchased Koss common stock during the relevant time period and have suffered a loss, you may have a claim against the company. For information about those claims, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
On December 24, 2009, Koss issued a press release announcing that Sujata Sachdeva, Secretary and Vice President of Finance, had been terminated due to the discovery of unauthorized financial transactions. Also, two other members of the company’s accounting staff were placed on unpaid administrative leave. The press release also stated that the 10-K for the fiscal years ended June 30, 2006 through 2009 and the Form 10-Q for the three months ended September 30, 2009 could not be relied on.
On January 4, 2010, the Company reported that the “Audit Committee had expanded the scope of the disclosed internal investigation of unauthorized financial transactions by Sujata Sachdeva, the Company’s former Vice President of Finance and Secretary, to include fiscal years 2005 through the present. This internal investigation caused the company to also state than the 10-K for the fiscal years ended June 30, 2005 should not be relied upon. Koss also reported that “Preliminary estimates indicate that the amount of unauthorized transactions since fiscal year 2005 through the present has exceeded $31 million, but at this point the Company and its advisors cannot assess the potential impact on its financial statements or identify the extent that specific fiscal periods may be affected.”
On January 20, 2010, a grand jury in Milwaukee returned an indictment against Sujata Sachdeva for six counts of wire fraud. Federal agents listed 461 boxes of shoes and 34 fur coats among thousands of items recovered from offices rented by Sachdeva.
Kendall Law Group has substantial experience representing investors in securities lawsuits nationwide. Lawyers at the firm include a former state and federal judge, a former United States Attorney, and experienced securities lawyers.
Tags: investigation, Kendall Law Group, Koss Corporation, NASDAQ: KOSS
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Tuesday, February 2nd, 2010
Kendall Law Group is investigating potential securities law violations for shareholders of Toyota Motor Corporation (NYSE: TM). The stock affected by the potential violations was purchased from August 4, 2009 to January 29, 2010.
During the above time period, Toyota failed to disclose that there was a major design defect in its acceleration system. Instead, the company blamed the defect on faulty floor mats. It was not until January 26 that Toyota finally revealed that it was immediately halting the sale and production of eight models because of the acceleration system defect. As a result of this announcement, Toyota’s shares plunged $7.01 to close at $79.77. When further European recalls were announced, the stock fell to $77.00 per share.
Kendall Law Group is led by a former federal judge experienced in recovering millions for defrauded shareholders. The firm includes a former United States Attorney, prosecutors, federal judicial law clerks, and securities lawyers who are experienced in complex securities litigation. If you have any information about this issue or questions concerning your Toyota stock purchased between August 4, 2009 and January 29, 2010, you may contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
Tags: investigation, Kendall Law Group, NYSE: TM, shareholder, Toyota, Toyota Motor Corporation
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Friday, January 22nd, 2010
(DALLAS) Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of Lodgian, Inc. (NYSE: LGN) by an affiliate of Lone Star Real Estate Fund, L.P. The firm’s investigation concerns whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of the company. Also, the investigation will focus on whether the Board of Directors of LGN may have breached their fiduciary duties by not adequately shopping the Company before entering into the transaction.
On January 22, 2010, the companies announced that they had entered into a merger agreement for Lone Star to acquire Lodgian in a $270 million transaction expected to close during the second quarter of 2010. According to the agreement, Lodgian shareholders will receive $2.50 cash per share, which represents a 40% premium over the closing price on January 21, 2010 before the deal was announced. The 52 week high for Lodgian was $3.20, closing at $2.00 as recently as November 2009
If you are a current holder of LGN and would like additional information concerning this proposed transaction, including your rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.
Tags: acquisition, investigation, Kendall Law Group, Lodgian Inc, Lone Star Real Estate Fund L.P., NYSE: LGN, shareholder
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Wednesday, January 20th, 2010
(DALLAS) Kendall Law Group, founded by a former federal judge, is investigating the proposed tender offer of Bare Escentuals, Inc. (NASDAQ: BARE) by Japan-based Shiseido Co., Ltd. and Blush Acquisition Corporation.
The investigation focuses on the process employed by the Board of Directors in selling the company and whether they may be unlawfully benefiting from the transaction because key management will remain at the company following the buyout.
On January 14, 2010, Bare Escentuals announced that it has entered into a merger agreement with Shiseido. The $1.7 billion transaction is expected to commence within ten business days and close during the first quarter of 2010. According to the agreement, shareholders will receive $18.20 per share of BARE common stock owned. BARE closed as high as $14.78 in November, 2009.
If you are a current holder of BARE and have additional information regarding the proposed transaction, or would like to discuss your rights as a shareholder, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.
Tags: Bare Escentuals Inc, Blush Acquisition Corportation, investigation, Kendall Law Group, NASDAQ: BARE, shareholder, Shiseido Co. Ltd
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Wednesday, January 20th, 2010
(DALLAS) Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of Brink’s Home Security Holdings Inc. (NYSE: CFL) by Tyco International Ltd. The firm’s investigation seeks to determine whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of the Brink’s. Also, the investigation will focus on whether the Board of Directors may have breached their fiduciary duties by not adequately shopping the Company before entering into the transaction.
On January 18, 2010, the companies announced that they had reached an agreement for Tyco to acquire Brink’s in a $2 billion transaction expected to close in the second half of its fiscal year, which began September 26, 2009. According to the agreement, shareholders will receive $42.50 per Brink’s share owned. Shareholders will have the option to receive all cash, cash and stock or all stock. This represents approximately 35% premium over the $31.42 closing price of Brink’s on the last trading day before the announcement.
If you are a current holder of CFL and would like additional information concerning this proposed transaction, including your rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.
Tags: acquisition, Brink's Home Security Holdings Inc, investigation, Kendall Law Group, NYSE: CFL, shareholder, Tyco International Ltd
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Wednesday, January 20th, 2010
(DALLAS) Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of Allied Defense Group Inc. (AMEX: ADG) by Chemring Group PLC to determine whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of Allied. The firm is also investigating whether the Board of Directors may have breached their fiduciary duties by not adequately shopping the Company before entering into the transaction.
On January 19, 2010, Allied announced that they had reached an agreement for Chemring to acquire the Company in a $59 million transaction. According to the agreement, shareholders will receive $7.25 in cash per ADG share owned, which represents a 54% premium over the $4.71 closing price of Allied on the last trading day before the announcement.
If you are a current holder of ADG and would like additional information concerning this proposed transaction, including your rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.
Tags: Allied Defense Group Inc, AMEX: ADG, Chemring Group PLC, investigation, Kendall Law Group, shareholder
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Tuesday, January 19th, 2010
(DALLAS) Kendall Law Group, founded by a former federal judge, today began an investigation on behalf of St. Jude Medical, Inc. (NYSE: STJ) shareholders. The firm’s investigation for possible securities violations concerns a series of potentially false and misleading statements affecting stock purchased between April 22, 2009 and October 6, 2009.
If you are a current holder of STJ common stock purchased during the relevant time period and have suffered a loss, you may have a claim against the company. For information about those claims, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
Kendall Law Group has substantial experience representing investors in securities lawsuits nationwide. Lawyers at the firm include a former state and federal judge, a former United States Attorney, and experienced securities lawyers.
Tags: investigation, Kendall Law Group, NYSE: STJ, shareholder, St. Jude, St. Jude Medical Inc
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Thursday, January 7th, 2010
(DALLAS) Kendall Law Group, founded by a former federal judge, today began a shareholder investigation for Koss Corporation (NASDAQ: KOSS) shareholders who have purchased stock since June 30, 2005. The investigation for possible securities law violations is triggered by recent announcements made by Koss concerning its internal investigation for unauthorized financial transactions.
On December 24, 2009, Koss issued a press release announcing that Sujata Sachdeva, Secretary and Vice President of Finance, had been terminated due to the discovery of unauthorized financial transactions. Also, two other members of the company’s accounting staff were placed on unpaid administrative leave. According to the Company, “previously issued financial statements on Forms 10-K for the fiscal years ended June 30, 2006, 2007, 2008 and 2009 and on Form 10-Q for the three months ended September 30, 2009 should no longer be relied upon because of the discovery of unauthorized financial transactions.”
On January 4, 2010, the Company reported that the “Audit Committee had expanded the scope of the disclosed internal investigation of unauthorized financial transactions by Sujata Sachdeva, the Company’s former Vice President of Finance and Secretary, to include fiscal years 2005 through the present. The Company has now concluded that its previously issued financial statements on Forms 10-K for the fiscal years ended June 30, 2005 through 2009 and on Form 10-Q for the three months ended September 30, 2009 should no longer be relied upon due to the unauthorized financial transactions.”
Koss also reported that “Preliminary estimates indicate that the amount of unauthorized transactions since fiscal year 2005 through the present has exceeded $31 million, but at this point the Company and its advisors cannot assess the potential impact on its financial statements or identify the extent that specific fiscal periods may be affected. Nor can the Company and its advisors yet assess the extent of the possible offsets through insurance, asset recoveries and other mechanisms related to the unauthorized transactions. As promptly as possible, the Company plans to restate its financial statements for applicable periods as further investigation indicates.”
If you purchased Koss common stock during the relevant time period and have suffered a loss, you may have a claim against the company. For information about those claims, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
Kendall Law Group has substantial experience representing investors in securities lawsuits nationwide. Lawyers at the firm include a former state and federal judge, a former United States Attorney, and experienced securities lawyers.
Tags: investigation, Kendall Law Group, Koss Corporation, NASDAQ: KOSS
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Monday, January 4th, 2010
(DALLAS) Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of BioForm Medical, Inc (NYSE: BFRM) (“BioForm”) by Merz Pharma Group (“Merz”), a privately-held company based in Frankfurt, Germany. The investigation concerns whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of the company. Also, the investigation will focus on whether the Board of Directors of BFRM may have breached their fiduciary duties by entering into an agreement with deal protection devices that will likely prevent other superior offers. The deal which essentially takes BioForm private, is scheduled to close within the first quarter of 2010.
On January 4, 2010, BioForm announced that it has reached an agreement to sell the Company to Merz in a deal for approximately $253 million based on outstanding shares of BioForm common stock. The transaction contains a restrictions on solicitation of alternative proposals, public disclosures and other matters. It also calls for a 8 million dollar termination fee to be paid by BioForm as well as allowance for a “short form” process pursuant to applicable Delaware law, which would not require the consent of shareholders if other conditions have been met.
If you are a current holder of BioForm and have additional information regarding the proposed transaction, or would like to discuss your rights as a shareholder, contact Scott Kendall at 877-744-3728 or by email at skendall@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.
Tags: BioForm Medical Inc, investigation, Kendall Law Group, Merz, Merz Pharma Group, NYSE: BFRM, shareholder
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Tuesday, December 29th, 2009
(DALLAS) Kendall Law Group, founded by a former federal judge, today began an investigation on behalf of Rentech, Inc. (AMEX:RTK) shareholders in connection to public statements made between May 9, 2008 and December 14, 2009. The firm’s investigation concerns possible securities violations during this time due to an announcement made by the Company on December 14, 2009.
On December 14, 2009, Rentech announced that the previously reported annual and quarterly results for fiscal year 2008 and for the first three quarters of fiscal year 2009 would need to be restated. The Company reports that the restatements are to correct “a prior incorrect classification of cash deposits required by forward gas purchase contracts as inventory, and reclassifies them as deposits on gas purchase contracts within current assets on the balance sheet.”
If you are a current holder of RTK common stock purchased during the relevant time period and have suffered a loss, you may have a claim against the company. For information about those claims, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.
Kendall Law Group has substantial experience representing investors in securities lawsuits nationwide. Lawyers at the firm include a former state and federal judge, a former United States Attorney, and experienced securities lawyers.
Tags: AMEX: RTK, investigation, Kendall Law Group, Rentech Inc., shareholder
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Tuesday, December 29th, 2009
(DALLAS) Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of AMICAS, Inc. (NASDAQ: AMCS) by Thomas Braco. The investigation concerns whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of the company. Also, the investigation will focus on whether the Board of Directors of Amicas may have breached their fiduciary duties by not adequately shopping the Company before entering into the transaction.
On December 28, 2009, Amicas announced that it has reached an agreement to sell the Company to Thomas Bravo, a private equity firm, in a $217 million transaction that is expected to close in the first quarter of 2010. According to the agreement, shareholders will receive $5.35 in cash per AMCS share owned. This represents approximately 21% premium over the $4.42 closing price of Amicas on the last trading day before the announcement.
If you are a current holder of AMCS and would like additional information concerning this proposed transaction, including your rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.
Tags: Amicas Inc., investigation, Kendall Law Group, NASDAQ: AMCS, shareholder
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Tuesday, December 29th, 2009
(DALLAS) Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of Interstate Hotel & Resort, Inc. (NYSE: IHR) by Hotel Acquisition Co., LLC. The investigation concerns whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of the company. Also, the investigation will focus on whether the Board of Directors of IHR may have breached their fiduciary duties by entering into an agreement with deal protection devices that will likely prevent other superior offers.
On December 18, 2009, International Hotels Interstate Hotel & Resort announced that it has reached an agreement to sell the Company to Hotel Acquisition Co., LLC, a joint venture between Thayer Lodging Group and Shanghai Jin Jiang. The $307 million transaction contains a no-solicitation provision, $3.0 million termination fee and reimbursement in an amount up to $1.5 or $3.5 million, depending on the circumstances. According to the agreement, shareholders will receive $2.25 in cash per IHR share owned.
If you are a current holder of IHR and would like additional information concerning this proposed transaction, including your rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.
Tags: Hotel & Resort Inc, Hotel Acquisition Co., investigation, Kendall Law Group, NYSE: IHR, shareholder
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Monday, December 21st, 2009
(DALLAS) Kendall Law Group, led by a former federal judge, announces a shareholder investigation into NightHawk Radiology Holdings, Inc. (NASDAQ: NHWK) for possible securities violations related to public statements made between April 10, 2007 and February 13, 2008.
The investigation is to determine on whether statements made regarding NightHawk’s business, operations and prospects during this period were false and misleading based on the condition of the Company at that time. On February 13, 2008, NightHawk announced its financial results for the fourth quarter and year end of 2007, the period ended December 31, 2007. On this announcement, NHWK shares dropped 11%, closing at $12.54 on February 14, 2008.
NightHawk was experiencing a delay in transitioning The Radlinx Group physician contracts to their compensation structure, which caused them to pay more compensation to those physicians than they had anticipated. Also, the demand for the Company’s services was weakening and the Company was experiencing difficulties in obtaining reimbursement for its services. Based on this, the Board of Directors had no reasonable basis for causing the Company to issue positive statements.
If you wish to learn more about your rights as a NHWK shareholder or have information concerning this action, contact attorney Hamilton Lindley at 877-744-3728 or hlindley@kendalllawgroup.com. Kendall Law Group is led by a former federal judge and former U.S. Attorney and has the credentials to pursue any type of complex securities litigation in the nation. For more information about the firm, visit www.kendalllawgroup.com.
Hamilton Lindley
Kendall Law Group, LLP
(877) 744-3728 Toll Free
(214) 744-3000 Local
(214) 744-3015 Fax
hlindley@kendalllawgroup.com
3232 McKinney, Ste. 700
Dallas, TX 75204
www.kendalllawgroup.com
Tags: investigation, NASDAQ:NHWK, NHWK, NightHawk, NightHawk Radiology, shareholder
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Monday, December 21st, 2009
(DALLAS) Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of Chattem Inc. (NASDAQ: CHTT) by Sanofi-Aventis in a $1.9 billion transaction. The investigation concerns whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of the company. Also, the investigation will focus on whether the Board of Directors of Chattem may have breached their fiduciary duties by not adequately shopping the Company before entering into the transaction.
On December 21, 2009, Sanofi announced that it has reached an agreement to purchase Chattem, Inc. According to the agreement, shareholders will receive $93.50 in cash per CHTT share owned. This represents approximately 34% premium over the closing price of $69.98 of Chattem on the last trading day before the announcement.
If you are a current holder of CHTT and would like additional information concerning this proposed transaction, including your rights, contact Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.
Tags: Chattem, Chattem Inc., CHTT, investigation, NASDAQ: CHTT, Sanofi-Aventis, shareholder, transaction
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Friday, December 18th, 2009
(DALLAS) Kendall Law Group, founded by a former federal judge, is investigating the proposed acquisition of Cedar Fair LP (NYSE: FUN) by Apollo Global Management in a 2.4 billion transaction. The investigation concerns whether the consideration to be paid to shareholders in this transaction is unfair and substantially below the fair or inherent value of the company. Also, the investigation will focus on whether the Board of Directors of Cedar Fair may have breached their fiduciary duties by not adequately shopping the Company before entering into the transaction.
On December 16, 2009, Cedar Fair announced that it had entered into a definitive merger agreement with Apollo. According to the agreement, shareholders will receive $11.50 in cash per Cedar Fair limited partnership unit owned. The offer purports to be a 27% premium based on the closing price of FUN on the last trading day prior the announcement. Cedar Fair closed as high as $11.94 in August, 2009 and has a target estimate at $15.00 per unit.
If you are a current holder of Cedar Fair and would like additional information concerning this proposed transaction, including your rights, contact Scott Kendall at 877-744-3728 or by email at skendall@kendalllawgroup.com. Kendall Law Group has substantial experience representing investors in mergers and acquisitions nationwide. Lawyers at the firm include a former United States Attorney, federal judicial law clerk, a former state and federal judge, in addition to experienced securities lawyers.
Tags: Apollo Global Management, Cedar Fair LP, investigation, Kendall Law Group, NYSE: FUN, shareholder
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Thursday, December 17th, 2009
Kendall Law Group, led by a former federal judge, launched a shareholder investigation today into the proposed acquisition of FGX International Holdings Ltd. (NASDAQ: FGXI) by Essilor International in a $465 million deal.
On December 16, 2009, the companies announced their agreement for Essilor to purchase FGX and take on 100 million euros of FGX debt. The agreement includes an $18.3 million termination fee. According to the agreement, shareholders will receive $19.75 per FGXI share owned, which represents approximately 10% premium over the closing price of $17.91 on the last trading day before the announcement.
Kendall Law Group’s investigation concerns whether the consideration to be paid to shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of the Company and whether the directors and special committee members may have breached their fiduciary duties by not acting in the shareholders’ best interests in connection with the sale process.
For information about your rights as an FGXI shareholder, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. The firm has significant experience representing investors in mergers and acquisitions.
Tags: FGX Internation Holdings, investigation, Kendall Law Group, NASDAQ: FGXI, shareholder
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Thursday, December 17th, 2009
(DALLAS) Kendall Law Group, led by a former federal judge and former US Attorney, announces a shareholder investigation against CRM Holdings, Ltd. (NASDAQ: CRMH) for possible securities violations related to public statements made between December 21, 2005 and December 9, 2009.
The investigation is to determine on whether the statements made by the company involving its business, operations and prospects during this period were false and misleading. On December 10, 2009, CRM common stock dropped approximately 42% to close at $0.30 per share on heavy trade volume. If you wish to learn more about your rights as a CRM shareholder or have information concerning this action, contact attorney Hamilton Lindley at 877-744-3728 or hlindley@kendalllawgroup.com.
Kendall Law Group is led by a former federal judge and former U.S. Attorney and has the credentials to pursue any type of complex securities litigation in the nation. For more information about the firm, visit www.kendalllawgroup.com.
Tags: CRM Holdings, investigation, Kendall Law Group, NASDAQ: CRMH, shareholder
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