Financial Services, Legal & Government Software Industry News

Need More Information On This Industry?

See It All Now! Free Trial

866-704-3389

Financial Services, Legal & Government Software Industry News

Longtop Financial Technologies Limited Announces Closing of Follow-on Public Offering and Underwriters' Exercise of Over-Allotment Option (6:30:00pm Mon Nov. 23, 2009 CDT)

HONG KONG, Nov. 23 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited (NYSE: LFT) ("Longtop" or the "Company"), a leading software developer and solutions provider targeting the financial services industry in China, announced the closing today of its follow-on public offering of 4,255,000 American depositary shares, or ADSs, representing 4,255,000 ordinary shares of the Company. The offering included a total of 555,000 ADSs sold by the Company pursuant to the underwriters' over-allotment option, which was exercised in full. The Company received aggregate net proceeds of approximately $127 million, after deducting underwriting discounts and commissions, but before deducting offering expenses payable by the Company. ...

Western Coal Aware of Potential Lawsuit (6:26:00pm Mon Nov. 23, 2009 CDT)

VANCOUVER, Nov. 23 /PRNewswire-FirstCall/ - Western Coal Corp. (TSX: WTN, WTN.WT and WTN.DB and AIM: WTN) ("Western" or the "Company") announces that it has received service of a proposed class action lawsuit that was commenced in the Ontario Superior Court of Justice on November 20, 2009. The statement of claim alleges inaccurate disclosure in Western's fiscal second quarter 2007 financial report. The Company believes these allegations are without merit and intends to vigorously defend them as well as the plaintiff's attempt to obtain court approval to proceed with the action. ...

Although in its Nascent Stage, The Future of Virtualization Market in India Looks Promising, Notes Frost & Sullivan (6:11:00pm Mon Nov. 23, 2009 CDT)

MUMBAI, India, Nov. 23 /PRNewswire/ -- Virtualization has long been portrayed as a technology that would change the dynamics of enterprise infrastructure. The overall market for virtualization in India is still nascent. It is shaping up to be one of the major trends that is expected to influence the end to end infrastructure of an enterprise, namely server, storage, network, application, desktop, and so on. ...

Detroit Spammer and Three Co-Conspirators Sentenced for Multi-Million Dollar E-Mail Stock Fraud Scheme (5:47:00pm Mon Nov. 23, 2009 CDT)

WASHINGTON, Nov. 23 /PRNewswire-USNewswire/ -- Four individuals were sentenced today by U.S. District Judge Marianne O. Battani in federal court in Detroit for their roles in a wide-ranging international stock fraud scheme involving the illegal use of bulk commercial e-mails, or "spamming," announced Assistant Attorney General of the Criminal Division Lanny A. Breuer and U.S. Attorney for the Eastern District of Michigan Terrence Berg. ...

Colombian National Pleads Guilty to Role in Defrauding the Export-Import Bank of the United States of More Than $1 Million (5:28:00pm Mon Nov. 23, 2009 CDT)

WASHINGTON, Nov. 23 /PRNewswire-USNewswire/ -- Febe Durango-Rueda, 52, a Colombian national, pleaded guilty on Nov. 20, 2009, to participating in a scheme to defraud the Export-Import Bank of the United States (Ex-Im Bank) of more than $1 million, announced Assistant Attorney General of the Criminal Division Lanny A. Breuer and Acting Inspector General Osvaldo L. Gratacos of the Ex-Im Bank, Office of the Inspector General. ...

Dean Foods Company Chairman and CEO Completes Previously Disclosed Forward Sale Agreement (5:27:00pm Mon Nov. 23, 2009 CDT)

DALLAS, Nov. 23 /PRNewswire-FirstCall/ -- Dean Foods Company (NYSE: DF) today announced that the previously disclosed variable prepaid forward sale contract entered into between Gregg Engles, Chairman and CEO and an unaffiliated third party on November 21, 2008 has partially settled. The contract obligates Engles to deliver up to 950,000 shares of Dean Foods common stock over a four day settlement cycle running from November 19, through November 24, 2009. Engles initially pledged 950,000 shares of Dean Foods common stock to secure his obligations under the contract, but retained ownership rights in those shares. Based on the closing prices through November 23, 2009, Engles expects to retain approximately 127,000 shares of common stock pledged, and deliver the balance, or approximately 823,000 shares of common stock, to the purchaser in settlement of his contractual obligations. In exchange for assuming this obligation, Engles received a cash payment of $11,138,568 in November, 2008. Pledged shares in excess of the aggregate number delivered will be released from any obligation to the purchaser and returned to Engles. ...

Alpharetta Man Pleads Guilty to Impersonation of National Security Agent (5:27:00pm Mon Nov. 23, 2009 CDT)

Aprile Held Himself out to Alpharetta & Marietta Police Departments as Anti-Terrorism Task Force Leader ...

Closing Arguments Begin in the Trial of Khmer Rouge Official Kaing Guek Eav (5:23:00pm Mon Nov. 23, 2009 CDT)

CHICAGO, Nov. 23 /PRNewswire/ -- Northwestern University Law Professor David Scheffer is in Phnom Penh, Cambodia this week to analyze and provide commentary on closing arguments in the trial of Kaing Guek Eav (alias "Duch"). The trial, which began in March of this year, is overseen by the Extraordinary Chambers in the Courts of Cambodia (ECCC). ...

The Conference Board(R) Australia Business Cycle Indicators(SM) (5:00:00pm Mon Nov. 23, 2009 CDT)

NEW YORK, Nov. 23 /PRNewswire/ -- The Conference Board Leading Economic Index(TM) (LEI) for Australia increased 0.3 percent and The Conference Board Coincident Economic Index(TM) (CEI) increased 0.1 percent in September. ...

MassMutual Funds Crowned 'Category Kings' by The Wall Street Journal (4:53:00pm Mon Nov. 23, 2009 CDT)

SPRINGFIELD, Mass., Nov. 23 /PRNewswire/ -- For the months of August and October 2009, four different MassMutual Funds available through MassMutual's SmartArchitecture(SM) Investment Program have been crowned "Category Kings" by The Wall Street Journal. The MassMutual Funds feature a subadvised structure, in which MassMutual serves as the investment advisor and exercises the flexibility to select from some of the industry's best available asset managers, who handle the day-to-day portfolio management of each MassMutual Fund. The Wall Street Journal's Category Kings recognizes funds ranked in the top 10 of their respective Lipper(1) mutual fund categories, ranked by year-to-date total returns* (changes in net asset values with reinvested distributions) as of month-end.(2) ...

Quiznos and Franchisees Reach Settlement of Multiple Class Action Lawsuits (4:39:00pm Mon Nov. 23, 2009 CDT)

CHICAGO, Nov. 23 /PRNewswire/ -- U.S. District Court Judge Rebecca Pallmeyer has preliminarily approved a settlement of four franchisee class action lawsuits filed against the Quiznos Franchise Company and others. The cases in Colorado, Wisconsin and Illinois, the earliest of which has been pending since 2006, allege violations of various state and federal laws in connection with the sale and operation of Quiznos franchises. Quiznos denied all claims, and the settlement agreement involves no finding or admission of liability. ...

Arizona Man Sentenced to Five Years in Prison for Mailing Child Pornography (4:34:00pm Mon Nov. 23, 2009 CDT)

WASHINGTON, Nov. 23 /PRNewswire-USNewswire/ -- Robert Restuch, 70, of Bullhead City, Ariz., was sentenced today to five years in prison for mailing child pornography, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division and U.S. Attorney for the District of Arizona Dennis K. Burke. Restuch was also sentenced by U.S. District Court Judge G. Murray Snow to serve a lifetime of supervised release following his prison term and ordered to pay a $5,000 fine. ...

OpEd Project Alum, Zeba Khan, Named One of Two Finalists in Washington Post's 'America's Next Great Pundit' Competition (4:33:00pm Mon Nov. 23, 2009 CDT)

NEW YORK, Nov. 23 /PRNewswire/ -- Zeba Khan, an OpEd Project alum, is one of two finalists from a pool of 4,800 entries to win a 13-week column in the Washington Post. Today is the last and final round of the contest, which is reader determined. Voting ends at 8 pm EST today, Monday, November 23. ...

InsightSoftware.com Demonstrates Insight's Capabilities at Quest's Upcoming Business Intelligence Shootout (4:30:00pm Mon Nov. 23, 2009 CDT)

DENVER, Nov. 23 /PRNewswire/ -- InsightSoftware.com, a global software provider for Business Optimization Software (BOS), will participate as a vendor in Quest's Business Intelligence (BI) Shootout, December 1-2, 2009. Quest's BI Special Interest Group (SIG) is hosting the event. Insight's unique approach to optimizing business processes obtains intelligence from your business information. Visit www.InsightSoftware.com/e-books/business_optimization_starter_kit for more information. ...

Arms Dealer Pleads Guilty to Conspiracy to Supply U.S. Fighter Jet Engines to Iran (4:29:00pm Mon Nov. 23, 2009 CDT)

MOBILE, Ala., Nov. 23 /PRNewswire-USNewswire/ -- Jacques Monsieur, a Belgian national and resident of France suspected of international arms dealing for decades, pleaded guilty today in U.S. District Court for the Southern District of Alabama to conspiracy to illegally export F-5 fighter jet engines and parts from the Untied States to Iran. ...

Register for a Free Trial Now!

Call (866) 704-3389 to get started, or fill out this form and we'll contact you to set up your custom trial. Calling from outside the US?

All fields required.