Today's Date: Add To Favorites   
Oracle's profit tops Street, but worries surface
Securities Lawyers | 2011/06/23 15:39

Oracle Corp.'s latest quarterly results Thursday underscore the critical role its software business plays despite its push to become a more well-rounded technology vendor by selling computer servers.

Oracle's net income increased 36 percent as new sales of business software were at the high end of its expectations. Revenue rose 13 percent.

But the company's stock fell as its hardware division stumbled.

Oracle bought fallen Silicon Valley star Sun Microsystems last year for $7.3 billion. That thrust Oracle into the computer server business.

The transformation has made CEO Larry Ellison one of the world's richest men. It also made an enemy of longtime partner Hewlett-Packard Co.

Ellison has repeatedly said that he wanted to focus Sun's business only on higher-profit deals. As a result, he warned, some lower-margin deals may fall off.

Now that Oracle has had Sun for a full year, the effect of Ellison's strategy is coming into focus.

Oracle said net income was $3.21 billion, or 62 cents per share, in the fiscal fourth quarter, which ended May 31. That compares with $2.36 billion, or 46 cents per share, a year ago.



Ducommun to sell $200M in notes to fund purchase
Securities Lawyers | 2011/06/20 05:14

Aerospace parts maker Ducommun Inc. said Monday that it will offer $200 million in senior notes to help pay for its pending acquisition of LaBarge Inc.

The unsecured notes, due in 2018, will be sold after closing of the $340 million LaBarge deal, which Ducommun expects to happen Thursday after a LaBarge stockholders' meeting.

The notes will be sold to institutional buyers.

LaBarge, based in LaDue, Mo., makes electronic circuit boards, cables and other components.

LaBarge and Ducommun, based in Carson, Calif., announced the deal in April.

LaBarge's largest customers include Boeing, Raytheon and General Electric. Last year, it had revenue of $324 million.



Deal Lawyer Accused of Insider Trading
Securities Lawyers | 2011/04/07 09:22

Federal authorities say a stock trader and a lawyer, working with a middleman, made millions by using advance knowledge of mergers and acquisitions gleaned from the computers of prestigious New York law firms.

With confidential information plundered from some of New York's most prestigious law firms, a corporate finance attorney, a Wall Street trader and a "middleman" bought hundreds of thousands of shares in companies about to be acquired, selling them when the deals were done to net millions of dollars in instant profit, federal officials allege.

After each haul — totaling at least $32 million over nearly 17 years, according to federal investigators — the men met in Atlantic City casinos, where they believed they could share their large cash spoils without attracting attention.

But on Wednesday, in one of the biggest insider trading cases to date, authorities arrested the lawyer and the trader. No charges have been filed against the unnamed middleman.

The two arrested men, Matthew H. Kluger, a Washington, D.C., attorney, and Garrett D. Bauer, a professional stock trader, have each been charged with more than a dozen counts of securities fraud, money laundering and obstruction of justice. They also face insider trading charges from the Securities and Exchange Commission.




Abraham, Fruchter & Twersky, LLP
Securities Lawyers | 2010/09/27 09:27

Abraham, Fruchter & Twersky, LLP announces that it has been retained to file a class action law suit on behalf of purchasers of Duoyuan Printing, Inc.stock between November 6, 2009 through September 13, 2010, including purchasers of the Company's November 6, 2009 initial public offering of common stock.

The Complaint alleges that throughout the Class Period, defendants failed to disclose (1) that the authenticity of certain of the Company's expenses related to advertising and tradeshow costs could not be verified; (2) that the Company had improper relationships with certain vendors and distributors; and (3) that the Company lacked adequate internal and financial controls. As a result, the Company's financial statements were materially false and misleading at all relevant times.

On September 13, 2010, Duoyuan Printing disclosed that the Company dismissed its independent registered public accounting firm, Deloitte Touche Tohmatsu CPA Ltd., and was reorganizing its top management in connection with Duoyuan Printing's "desire to resolve open issues and file our 10-K on a timely basis." Moreover, the Company's Chief Executive Officer, Chief Financial Officer and four members of the Company's Board of Directors resigned after the dismissal of Deloitte. In a reaction to the Company's revelations, Duoyuan Printing securities declined $3.60 or more than 54% and closed at $2.99 on September 13, 2010.

If you purchased Duoyuan Printing common stock during the Class Period of November 6, 2009 through September 13, 2010, and you wish to serve as lead plaintiff in this action, you must move the Court no later than November 19, 2010. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed class.

If you would like to discuss this action or if you have any questions concerning this notice or your rights as a potential class member or lead plaintiff, you may contact: Jack G. Fruchter or Arthur J. Chen of Abraham, Fruchter & Twersky, LLP at (800) 440-8986, or via e-mail at info@aftlaw.com or achen@aftlaw.com.

Abraham, Fruchter & Twersky, LLP has extensive experience prosecuting securities class action cases, and the firm has been ranked among the leading class action law firms in terms of recoveries achieved by a survey of class action law firms conducted by Institutional Shareholder Services.



Fraudulent Practices in the Sale of Indexed Annuities
Securities Lawyers | 2010/09/22 10:23

If approached by your broker (or financial advisor or insurance agent) to purchase an indexed annuity there are some things an investor should consider.  First, an indexed annuity (also known as, equity-indexed annuity or fixed indexed annuity) is a fixed annuity, either immediate or deferred, that earns interest or provides benefits that are often linked to an equity or stock market index.  In 2008, the National Association of Insurance Commissioners (NAIC), an association of state insurance regulatory officials, issued a buyers guide to indexed annuities, which provides educational information on indexed annuties.  Did your broker provide you with one?  The Financial Industry Regulatory Authority (FINRA) also published an investor alert on indexed annuities.

Unscrupulous brokers take advantage of naïve, unsuspecting investors, especially seniors, and heavily pitch purchases into indexed annuities.  Often they will tout indexed annuities as being better than bank CDs and will convince investors to liquidate their CDs to buy an indexed annuity.  Investors with variable annuities are often approached by a broker to buy indexed annuities, touting them as being safer than then variable annuity, which has investment choices whose principal can be subject to market volatility.  Did the broker recommend you to consider moving money into the fixed account of the variable annuity?  If not, the broker is probably only motivated to earn a commission which can be as high as 5%.  Another fraudulent tactic is to entice an investor with an “upfront bonus” to buy an indexed annuity but what a devious broker may not tell you is that often you would have to annuitize the annuity in order to take advantage of the bonus benefit – it’s not free money, there’s a cost to every benefit in an annuity.  Other brokers may convince you that the annuity they sold you earlier is now out-of-date and try to sell you another annuity claiming to have “better and more features.”



[PREV] [1] ..[8][9][10][11][12][13] [NEXT]
All
Securities Class Action
Headline Legal News
Stock Market News
Court News
Court Watch
Legal Interview
Securities Lawyers
Securities Law Firm
Topics in Legal News
Attorney News
Legal Focuses
Opinions
Legal Marketing
Law Firm News
Investment Fraud Litigation
Immigration judges fired by ..
Judge blocks Trump’s birthr..
A Virginia man accused of st..
Man charged with killing Min..
Trump says he’s considering..
Georgia appeals court uphold..
US completes deportation of ..
International Criminal Court..
What’s next for birthright ..
Nations react to US strikes ..
Nations react to US strikes ..
Court blocks Louisiana law r..
Court blocks Louisiana law r..
Judge blocks plan to allow i..
Getty Images and Stability A..
Supreme Court makes it easie..


   Lawyer & Law Firm Links
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
New York Adoption Lawyers
New York Foster Care Lawyers
Adoption Pre-Certification
www.lawrsm.com
Car Accident Lawyers
Sunnyvale, CA Personal Injury Attorney
www.esrajunglaw.com
Lane County, OR DUI Law Attorney
Eugene DUI Lawyer. Criminal Defense Law
www.mjmlawoffice.com
Family Law in East Greenwich, RI
Divorce Lawyer - Erica S. Janton
Post-Divorce Issues Attorney
Connecticut Special Education Lawyer
www.fortelawgroup.com
   Legal Resource Links
Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
 
 
 

The content contained on the web site has been prepared by Securities Law News as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case. | Affordable Law Firm Website Design by Law Promo