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October 28, 2009
PHILADELPHIA, Oct. 28, 2009 (GLOBE NEWSWIRE) — The Law Offices of Brian M. Felgoise, P.C. announces an investigation into possible breaches of fiduciary duty and violations of state law, among other things, in connection with a proposed buyout of Switch and Data Facilities Company, Inc. (Nasdaq:SDXC) referred to as (”Switch and Data” or “The Company”) by Equinix, Inc.
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PHILADELPHIA, Oct. 28, 2009 (GLOBE NEWSWIRE) — The Law Offices of Brian M. Felgoise, P.C. announces an investigation into possible breaches of fiduciary duty and violations of state law, among other things, in connection with a proposed buyout of iPCS, Inc. (Nasdaq:IPCS) referred to as (”iPCS” or “The Company”) by Sprint Nextel Corp.
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PHILADELPHIA, Oct. 28, 2009 (GLOBE NEWSWIRE) — The Law Offices of Brian M. Felgoise, P.C. announces an investigation into possible breaches of fiduciary duty and violations of state law, among other things, in connection with a proposed buyout of MPS Group, Inc. (NYSE:MPS) referred to as (”MPS” or “The Company”) by Adecco Group.
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NEWPORT BEACH, Calif., Oct. 28, 2009 (GLOBE NEWSWIRE) — The Securities Law Firm of Klayman & Toskes (”K&T”), www.nasd-law.com, with offices in California, Florida and New York, announced today that it is continuing to pursue claims on behalf of investors from across the country that have lost money in Medical Capital Notes. K&T has filed securities arbitration claims against various brokerage firms on behalf of investors, to recover losses sustained in Medical Capital Notes, with the Financial Industry Regulatory Authority (”FINRA”).
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MIAMI, Oct. 28, 2009 (GLOBE NEWSWIRE) — The securities law firm of Dimond Kaplan & Rothstein, P.A. (http://www.dkrpa.com or http://www.investmentfraud-lawyer.com) has filed a number of FINRA arbitration claims to recover Medical Capital investment losses. The firm represents investors throughout the United States who collectively have lost millions of dollars on Medical Capital investments that they purchased through Securities America, WFP Securities, and other brokerage firms. Many of the firm’s clients the claims also lost money in two other allegedly fraudulent investment products, DBSI and Provident/Shale Royalties.
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ATLANTA, Oct. 28, 2009 (GLOBE NEWSWIRE) — Holzer Holzer & Fistel, LLC is investigating whether Allion Healthcare, Inc.’s (”Allion” or the “Company”) (Nasdaq:ALLI) directors complied with their fiduciary duties in approving the proposed buyout of Allion by H.I.G. Capital, LLC. According to the Company’s announcement on October 18, 2009, H.I.G. Capital has agreed to purchase all outstanding shares of Allion common stock for $6.60 each. The investigation seeks to determine, among other things, whether the deal price is fair and adequate.
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ATLANTA, Oct. 28, 2009 (GLOBE NEWSWIRE) — Holzer Holzer & Fistel, LLC is investigating whether Switch & Data Facilities Company, Inc.’s (”Switch & Data” or the “Company”) (Nasdaq:SDXC) directors complied with their fiduciary duties in approving the proposed buyout of Switch & Data by Equinix, Inc. According to the Company’s announcement of October 21, 2009, Switch & Data shareholders will be able to receive either $19.06 in cash or 0.19 shares of Equinix stock for each share of Switch & Data stock owned. The investigation seeks to determine, among other things, whether the deal price is fair and adequate.
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MISSOULA, Mont. - In the first bisphosphonate case to go to verdict, a Montana state court jury on Oct. 21 awarded a plaintiff $3.2 million after finding that Novartis Pharmaceuticals Corp. was negligent in failing to warn her of the risks of its Zometa bone-loss prevention drug and causing her osteonecrosis of the jaw (ONJ) (Peggy L. Stevens v. Novartis Pharmaceuticals Corporation, No. DV-08-100, Mont. Dist., 4th Dist., Missoula Co.).
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NEW ORLEANS - In an opinion of first impression, a unanimous Fifth Circuit U.S. Court of Appeals panel said Oct. 16 that property owners along the Mississippi coast can sue coal, petroleum and chemical companies for releasing greenhouse gases into the environment and, therefore, pursue nuisance, negligence and trespass damages to their real property and to public resources such as beaches and habitat when Hurricane Katrina made landfall in 2005 (Ned Comer, et al. v. Murphy Oil USA, et al., No. 07-60756, 5th Cir.).
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WILMINGTON, Del. - Two pump manufacturers embroiled in asbestos litigation are entitled to coverage from the excess insurance policies that their original parent corporation purchased, a Delaware jurist held Oct. 14 (Viking Pump Inc. v. Century Indemnity Co., et al. Warren Pumps LLC v. Century Indemnity Co., et al., Viking Pump Inc. v. John Crane Inc., Houdaille Industries Inc., No 1465-VCS; Del. Chanc.).
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