Law Admin

NEW YORK, July 9, 2008 (LAWFUEL) — Woes continue for investors in mortgage lender IndyMac Bancorp, Inc. (NYSE:IMB), as the company’s stock price closed yesterday at $.44 per share — down almost 99% from IndyMac’s share price of over $36 just one year ago. On Tuesday, the company reported that depositors have been withdrawing cash

HARTFORD, Conn., July 9, 2008 (LAWFUEL) — The law firm of Schatz Nobel Izard P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Central District of California on behalf of all those

Washington, D.C., July 9, 2008 (LAWFUEL) – The Securities and Exchange Commission today charged Sycamore Networks, Inc. and three of its former executives in connection with the backdating of stock options spanning several years at the Chelmsford, Mass.-based optical networking company. According to the SEC’s complaint, filed in federal court in Boston, Sycamore’s former Chief

CHICAGO, July 9, 2008 (LAWFUEL) — Stoltmann Law Offices announces that it has filed a FINRA arbitration claim on behalf of two clients of Wachovia Securities LLC for investment losses in the Evergreen Ultra Short Opportunities Fund (EUBAX, EUBBX, EUBCX, and EUBIX). It is believed to be the first FINRA arbitration complaint in the country

Tokyo (LAWFUEL) – DLA Piper today announced it advised NEC Corporation (NEC) in connection with its acquisition of NetCracker Technology Corporation (NetCracker). The consummation of the transaction, which is subject to customary closing conditions and is expected to occur within the next 60 days, will represent a major overseas expansion move by one of Japan’s

PHOENIX (LAWFUEL) – Philip Marburger, 43, of Phoenix, was sentenced here today by U.S. District Judge Mary H. Murguia to 92 months prison, to be followed by four years of Supervised Release. Marburger previously pleaded guilty to two charges: Conspiracy to Possess with Intent to Distribute Methamphetamine, and Felon in Possession of a Firearm. Marburger

DENVER, July 8, 2008 (LAWFUEL) — Dyer & Berens LLP (www.DyerBerens.com) today announced that a class action has been commenced in the United States District Court for the Central District of California on behalf of purchasers of MRV Communications, Inc. (“MRV” or the “Company”) (Nasdaq:MRVC) common stock during the period between March 31, 2003 and

Washington, D.C., July 8, 2008 (LAWFUEL) – The Securities and Exchange Commission today released findings from extensive 10-month examinations of three major credit rating agencies that uncovered significant weaknesses in ratings practices and the need for remedial action by the firms to provide meaningful ratings and the necessary levels of disclosure to investors. Under new

WASHINGTON (LAWFUEL) — National Taxpayer Advocate Nina E. Olson today delivered a report to Congress that identifies the priority issues the Office of the Taxpayer Advocate will address in the coming fiscal year. Among the key areas of focus will be improving IRS procedures to protect victims of tax-related identity theft and expanding outreach and

LAWFUEL – Gibson, Dunn & Crutcher LLP is pleased to announce that former Lord Chancellor Lord Falconer has joined the firm’s London office. Lord Falconer, a barrister, joins the firm as a senior counsel. He will be a hands-on lawyer in the firm. Lord Falconer served in various capacities at the highest level in the