Latest law Stories

Natural Resource Partners L.P. To Present at National Association of Publicly Traded Partnerships 2013 MLP Investor Conference

2013-05-20 20:20:26

HOUSTON, May 20, 2013 /PRNewswire/ -- Natural Resource Partners L.P. (NYSE:NRP) today announced that Nick Carter, President and COO, will present at the National Association of Publicly Traded Partnerships 2013 Master Limited Partnership Investor Conference in Connecticut on Wednesday, May 22 at approximately 2:15 p.m. Eastern time. The presentation will be available via live webcast and will be available for replay following the conference for 30 days. The webcast link will be...

Greenberg Traurig Attains Multi-Million Dollar Oil and Gas Settlement

2013-05-20 20:20:24

HOUSTON, May 20, 2013 /PRNewswire/ -- International law firm, Greenberg Traurig, LLP, recently obtained a favorable outcome for an independent oil and gas exploration and production company. The team headed by Tony Guerino, a shareholder in the energy litigation practice in the firm's Houston office, settled the oil and gas suit involving a breach of contract and fraud claims brought against the client for virtually no damages against the client. The case involved overriding royalty...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Websense, Inc. - WBSN

2013-05-20 16:28:53

NEW YORK, May 20, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Websense, Inc. ("Websense" or the "Company") (NASDAQ: WBSN) (ISIN: US9476841062) (CUSIP: 947684106) concerning the proposed acquisition of Websense by Vista Equity Partners LLC in a transaction valued at approximately $900 million in cash. The investigation concerns whether the Websense directors are breaching their fiduciary duties by...

Shareholder Derivative Lawsuit on Behalf of VeriFone Systems, Inc. Subject to Dismissal Unless Other Shareholder(s) are Substituted as Plaintiff

2013-05-20 16:28:44

Notice to Shareholders of VeriFone Systems, Inc. Stock SAN DIEGO and SAN JOSE, Calif., May 20, 2013 /PRNewswire/ -- Beginning on December 13, 2007, shareholder rights law firms Robbins Arroyo LLP and Faruqi & Faruqi, LLP commenced shareholder derivative lawsuits that assert claims on behalf of VeriFone Systems, Inc. (formerly known as VeriFone Holdings, Inc.) ("VeriFone") (NYSE:PAY). The shareholder plaintiffs who commenced the Action have sold their shares. This press release...

Royalty Pharma Increases Offer for Elan to $12.50 Per Share in All Cash

2013-05-20 12:27:01

Fully Financed, All-Cash Confirmed Offer is Not Conditional on Due Diligence NEW YORK, May 20, 2013 /PRNewswire/ -- Echo Pharma Acquisition Limited ("Royalty Pharma") today announced, pursuant to Rule 2.5 of the Irish Takeover Rules (the "Announcement"), a firm intention to increase its offer for Elan Corporation, plc (NYSE: ELN) to $12.50 per share in cash. The increased offer is fully financed, cash confirmed and not conditional on due diligence. The $1.00 per share net cash...

Cross Timbers Royalty Trust Declares May Cash Distribution

2013-05-20 12:22:12

DALLAS, May 20, 2013 /PRNewswire/ -- U.S. Trust, Bank of America Private Wealth Management, as Trustee of the Cross Timbers Royalty Trust (NYSE - CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.181743 per unit, payable on June 14, 2013, to unitholders of record on May 31, 2013. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions....

Dominion Resources Black Warrior Trust Announces 2nd Quarter Cash Distribution and 2013 Reserve Quantities

2013-05-20 12:21:48

DALLAS, May 20, 2013 /PRNewswire/ -- Dominion Resources Black Warrior Trust (NYSE: DOM) today announced a quarterly cash distribution to the holders of its units of beneficial interest of $0.146878 per unit. The distribution will be payable June 7, 2013 to unitholders of record on May 30, 2013. Dominion's cash distribution history, current and prior year financial reports, a link to filings made with the Securities and Exchange Commission and more can be found on its website at...

Court Orders VisionChina to Pay Fine and Attorney Fees for Contempt of Court

2013-05-20 08:24:49

NEW YORK, May 20, 2013 /PRNewswire/ -- The New York State Supreme Court has ordered defendant VisionChina Media Inc. (Nasdaq: VISN) and its subsidiary to pay plaintiffs Gobi Partners and Oak Investment Partners US$250 fine plus plaintiffs' costs and reasonable attorneys' fees in the amount of US$185,892.31 within fifteen days. This order is pursuant to the court's grant of Motion for Contempt against VisionChina for failure to comply with the court's August 13, 2012 order requiring...

Trulan CEO Hosts Financing Summit And Site Visit At Its IGP Iron-Gold-Platinum Project For Potential Private Equity Partners

2013-05-20 08:21:51

HENDERSON, Nev., May 20, 2013 /PRNewswire/ -- Trulan Resources Inc. (OTCPK:TRLR) (the "Company" or "Trulan") reports on further corporate developments relating to the IGP Project in Chile. During a recent trip to Chile, Trulan CEO, Robert Rosner hosted members of a private equity group at the site of the Company's Iron-Gold-Platinum project in the Coquimbo region of central Chile. The purpose of the site visit was to show the potential investors the scope of the project on the...

Meritor Announces Extension of the Early Tender Date with Respect to Its Cash Tender Offer and Consent Solicitation for Any and All of Its 8-1/8% Notes due 2015

2013-05-20 08:20:27

TROY, Mich., May 20, 2013 /PRNewswire-FirstCall/ -- Meritor, Inc. (NYSE: MTOR) announced today that it has extended the Early Tender Date with respect to its previously announced cash tender offer and consent solicitation (the "Offer and Consent Solicitation") for any and all of its 8-1/8% Notes due 2015 (CUSIP No. 043353 AC5) (the "Notes") from 5:00 p.m., New York City time, on May 17, 2013 to 5:00 p.m., New York City time, on May 23, 2013. Meritor is not extending the withdrawal...