Legal Eagle Review

Class Action Lawsuit Against Oppenheimer AMT-Free Municipals Fund Filed

Written by Globe NewsWire
Tuesday, 23 June 2009
New York, New York - The law firm of Labaton Sucharow LLP has filed a class action lawsuit in the United States District Court for the District of Colorado on behalf of all persons who purchased Class A and/or Class B and/or Class C shares of the Oppenheimer AMT-Free Municipals Fund (the "Fund") (Nasdaq:OPTAX) (Nasdaq:OTFBX) (Nasdaq:OMFCX) during the period from May 13, 2006 to October 21, 2008, inclusive (the "Class Period").
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Investment Advisor Pleads Guilty to Defrauding Investors in Multi-Million Dollar Ponzi Scheme

Written by Legal Eagle Review
Tuesday, 23 June 2009
Brooklyn, New York - In federal court in Brooklyn, Edward T. Stein, an investment advisor based in Roslyn, New York, pleaded guilty to a five-count felony information charging him for his role in defrauding his clients in a $30 million Ponzi scheme.
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Investigation Into Matrixx Initiatives, Inc., for Possible Securities Law Violations Announced

Written by Eric J. O'Bell, L.L.C.
Thursday, 18 June 2009
Metairie, Louisiana - The Law Offices of Eric J. O'Bell, LLC ("O'Bell") announce its investigation into Matrixx Initiatives, Inc., ("Matrixx" or the "Company") (Nasdaq:MTXX) to determine whether it has violated federal securities laws by issuing materially false and misleading statements to shareholders.
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Ulticom Announces Settlement With SEC

Written by Ulticom Inc
Thursday, 18 June 2009
Mt. Laurel, New Jersey - Ulticom, Inc. (the "Company") (Pink Sheets:ULCM) announced today a final settlement with the Securities and Exchange Commission (the "SEC") regarding the previously disclosed investigation of the Company's historical option grant and non-option grant accounting practices. The SEC filed a civil injunctive action against the Company (the "Complaint") for violation of Section 17(a) of the Securities Act of 1933, Sections 13(a), 13(b)(2)(A) and (B) and 14(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rules 13a-1, 13a-11, 13a-13 and 14a-9 promulgated under the Exchange Act.
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Natco Merger Draws Investigation by Former Federal Judge and US Attorney at Kendall Law Group

Written by Globe NewsWire
Thursday, 18 June 2009
Dallas, Texas - Kendall Law Group, led by a former Federal Judge and U.S. Attorney, is investigating shareholder claims arising from the proposed acquisition of Natco Group, Inc. (NYSE:NTG) by Cameron International Corp. (NYSE:CAM).
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Board of Beverly National Corp. Investigated by Levi & Korsinsky, LLP

Written by Globe NewsWire
Thursday, 18 June 2009
New York, New York - Levi & Korsinsky ("L&K") is investigating the Board of Directors of Beverly National Corp. ("Beverly" or the "Company") (AMEX:BNV) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Danvers Bancorp, Inc. (Nasdaq:DNBK) ("Danvers").
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Fugitive Foreign Director of Lake Shore Asset Management Indicted on Federal Fraud and Obstruction

Written by Legal Eagle Review
Tuesday, 16 June 2009
Chicago, Illinois - The foreign managing director of a Chicago-based hedge fund that was forced into receivership by government regulators, is facing federal fraud, obstruction of justice and criminal contempt charges for allegedly fraudulently soliciting more than $300 million from at least 700 wealthy investors worldwide, federal law enforcement officials announced today.
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