Posts Tagged ‘Lawsuit’

Kendall Law Group Investigates Millipore Corporation for Investors

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.

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Kendall Law Group Plans Class Action on Behalf of Smithtown Bancorp, Inc. Shareholders

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:

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Kendall Law Group Announces Investigation of athenahealth, Inc.

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.

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Kendall Law Group Investigates CKE Restaurants, Inc. Merger for Shareholders

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.

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Kendall Law Group Investigates Bowne & Co., Inc. Merger for Shareholders

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.

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Kendall Law Group Plans Shareholder Class Action Lawsuit against Toyota Motor Corporation

Thursday, February 11th, 2010

(DALLAS) Shareholders who have suffered a loss in Toyota Motor Corporation (NYSE:TM) American Depository Shares are encouraged to contact Kendall Law Group regarding a class action filed in the Central District of California. The complaint alleges violations of the securities laws affecting stock purchased between August 4, 2009 and February 2, 2010. To contribute information or for advice on your rights as a shareholder, contact a firm with substantial experience representing investors in securities lawsuits nationwide at 877-744-3728 or by email at hlindley@kendalllawgroup.com.

Shareholders who purchased American Depository Shares of Toyota 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 9, 2010. A lead plaintiff 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. Any member of the class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

On February 8, 2010, a class action complaint was filed alleging that Toyota, certain affiliates and certain officers and directors misled investors when they failed a major design defect in the acceleration system in several models of their vehicles. Due to the false and misleading statements, Toyota stock traded at artificially inflated prices during the relevant period.

Toyota announced on January 21, 2010 that it would be recalling 2.3 million vehicles in North America due to problems with the accelerator pedal sticking. After the market closed on February 2, 2010 Toyota reported a 16% drop in sales for January 2010 due to the recall and suspension of sales of the most popular models. Before the market opened on the 3rd, Toyota announced that there were reports of brake problems in the 2010 Prius hybrid. In response to this news, Toyota American Depository Shares dropped $4.69 per share, and Toyota common stock fell 6%.

Kendall Law Group, a national securities firm that gives shareholders power when big businesses break the law, includes a former state and federal judge, a former United States Attorney, and experienced securities lawyers.

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Kendall Law Group Plans Class Action Lawsuit against Nokia Corporation

Wednesday, February 10th, 2010

(DALLAS) Shareholders who suffered losses in Nokia Corporation (NYSE:NOK) American Depository Shares are encouraged to contact Kendall Law Group regarding a class action filed in the Southern District of New York. The complaint alleges violations of the securities laws affecting stock purchased between January 24, 2008 and September 5, 2008. To contribute information or for advice on your rights as a shareholder, contact a firm with substantial experience representing investors in securities lawsuits nationwide at 877-744-3728 or by email at hlindley@kendalllawgroup.com.

If you purchased American Depository Shares of Nokia during this time period, you 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 6, 2010. A lead plaintiff 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. Any member of the class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

On February 5, 2010, a class action complaint was filed alleging that Nokia and certain officers and executives issued positive statements about new product launches without reasonable basis, due to supply shortages and manufacturing problems. The complaint also alleges that Nokia was losing market share due to intense price cuts by competitors. The complaint further alleges that Nokia slashed their average selling price to maintain its market share due to severe price competition, stating that they expected the overall industry average selling price to decline in 2008.

On September 5, 2008, Nokia announced its first quarter 2008 outlook for its mobile device market share. Later that day, the company stated in a conference call that there was a production glitch with a mid-range device and aggressive price cuts by some rivals. On this news, Nokia American Depository Shares dropped approximately 8%.

Kendall Law Group, a national securities firm that gives shareholders power when big businesses break the law, includes a former state and federal judge, a former United States Attorney, and experienced securities lawyers.

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Kendall Law Group Urges Shareholders to Inquire About Potential Lawsuit against Airgas Inc.

Friday, February 5th, 2010

(DALLAS) Shareholders of Airgas Inc. (NYSE: ARG) are urged to contact Kendall Law Group regarding a potential lawsuit in connection with the attempt to sell Airgas to competitor Air Products Chemicals Inc. The firm is concerned about the consideration and process chosen by the Board of Directors. If you are a shareholder of ARG and would like additional information about your rights in this proposed transaction, contact Scott Kendall at 877-744-3728 or by email at skendall@kendalllawgroup.com.

On February 5, 2010, Air Products announced that it had made a bid to purchase Airgas in a $7 billion transaction, including the assumption of $1.9 billion in debt. According to the agreement, Air Products will pay $60 per ARG share owned, representing a 38% premium over the $43.53 closing price on February 4, 2010. However, ARG shares closed over $50 as recently as late October, 2010.

Kendall Law Group, led by a former federal judge, has substantial experience representing investors in mergers and acquisitions nationwide. If you are a shareholder of ARG and would like to give or receive additional information, contact Scott Kendall at 877-744-3728 or by email at skendall@kendalllawgroup.com.

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