Legal Eagle Review

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.
Read more...

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.
Read more...

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).
Read more...

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").
Read more...

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.
Read more...

Kendall Law Group Announces Investigation On Behalf of Skilled Healthcare Group Investors

Written by Globe NewsWire
Tuesday, 16 June 2009
Dallas, Texas - Kendall Law Group, led by a former Federal Judge and U.S. Attorney, announces that it is investigating potential securities violations against Skilled Healthcare Group, Inc. (NYSE:SKH). The claims relate to the announcement that Skilled Healthcare issued inaccurate financial statements from January 1, 2006 through March 31, 2009.
Read more...

Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of Cavalier Homes Inc.

Written by Globe NewsWire
Tuesday, 16 June 2009
New Yor, New York - Levi & Korsinsky ("L&K") is investigating possible breaches of fiduciary duty and other violations of state law by the board of directors of Cavalier Homes Inc. ("Cavalier" or the "Company") (AMEX:CAV) arising out of their attempt to sell the Company to Southern Energy Homes. Under the terms of the agreement, Cavalier shareholders will receive $2.75 in cash per share.
Read more...