Latest Business law Stories

Recently Announced Corporate Governance Changes Are Reactionary and Do Not Go Far Enough NEW YORK, May 22, 2013 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of DSP Group, Inc. ("DSP" or "the Company") beneficially owning approximately 10.1% of its outstanding common stock, today has issued an open letter to DSP shareholders following the Company's recent announcement of proposed corporate governance changes....

MINNETONKA, Minn., May 22, 2013 /PRNewswire/ -- Communications Systems, Inc. (NASDAQ: JCS) held its 2013 Annual Shareholders Meeting on Tuesday May 21, 2013. At the meeting, the Company's shareholders elected two current directors, Curtis A. Sampson and Gerald D. Pint, to new three-year terms. In addition, the shareholders approved the reappointment of Deloitte & Touche LLP as the Company's auditors for its 2013 fiscal year. Following the shareholders meeting, the...

LOS ANGELES, May 22, 2013 /PRNewswire-USNewswire/ -- In a report released today, Labor Commissioner Julie A. Su announced that labor law enforcement under Governor Brown in the first two years of his Administration resulted in more minimum and overtime wages found owing to California workers and more monetary penalties for illegal business practices than in any previous year in the past decade. In addition, the Labor Commissioner's improved targeting has protected law-abiding...

CALGARY, May 22, 2013 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to announce that 179,621,461 shares (70.75% of the Company's outstanding shares) were represented at the Annual General and Special Meeting of Shareholders held on May 21, 2013 (the "Meeting").  All of the eight Director nominees proposed in the Company's management information circular, dated April 18, 2013, were elected as Directors of the Company.  The...

TEMPE, Ariz., May 22, 2013 /PRNewswire/ -- US Airways, Inc. ("US Airways" or the "Company"), a wholly-owned subsidiary of US Airways Group, Inc. (NYSE: LCC) ("US Airways Group"), announced today that it priced an offering of Class C enhanced equipment trust certificates (the "Certificates") in the aggregate face amount of approximately $100 million. This offering is an additional issuance from the Company's Series 2012-2 series of enhanced equipment trust certificates, under which an...

HERZLIYA, Israel, May 22, 2013 /PRNewswire/ -- SuperCom Ltd (formerly Vuance) (OTCQB: SPCBF), a leading provider of e-ID, Security, HealthCare, Homecare, and Electronic Monitoring Solutions, announced today that it has appointed Doron Ilan to serve as its Chief Financial Officer. Doron Ilan brings to SuperCom a wealth of experience in corporate finance, mergers & acquisitions and public offerings. In his most recent position, Doron served as Chief Financial Officer...

CEO uses social media to update shareholders and announces company will attend upcoming events MANALAPAN, N.J., May 22, 2013 /PRNewswire/ -- MEDIFIRST SOLUTIONS, INC. (OTCQB: MFST) would like to take this opportunity to update shareholders about some recent company developments. As Medifirst continues to expand its business, it will expand its avenues of communication with shareholders. Integrating social media into its investor relations strategy, the company has launched a Facebook...

CARSON CITY, Nev., May 22, 2013 /PRNewswire/ -- Xumanii(TM) ("Xumanii" or the "Company") (OTCQB: XUII) (OTC Pink: XUII), a company that has developed proprietary technology capable of broadcasting live events in HD wirelessly from multiple cameras at events for an extremely low production cost announces today that it has appointed Ms. Roe Williams as Consultant Head of Corporate Ad Sales. Through her role at KWL Enterprises Ms. Williams currently manages artists such as Grammy...

SAN ANTONIO, May 22, 2013 /PRNewswire/ -- EnerJex Resources, Inc. (OTCMarkets: ENRJ) ("EnerJex" or the "Company"), a domestic onshore oil company, announced today that it has sold two non-core oil leases in Eastern Kansas to a third-party for total net proceeds of approximately $450,000. These properties are located outside of EnerJex's core operating areas, and this divestiture is expected to lower the Company's unit operating expenses. No value was attributed to these assets in...

SUGAR LAND, Texas, May 22, 2013 /PRNewswire/ -- CVR Partners, LP (NYSE: UAN) (the "Partnership") today announced that Coffeyville Resources, LLC (the "Selling Unitholder"), a wholly-owned subsidiary of CVR Energy, Inc., priced an offering of 12,000,000 common units representing limited partner interests (the "common units") in the Partnership in a registered public offering at a public offering price of $25.15 per common unit. In connection with the offering, the Selling...