New Law Blogs

Catalyst Pharmaceutical Partners, Inc. Announces Organizational Changes And Extension of Chief Executive's Employment Agreement

Posted on October 16, 2009
The Company announced that Steven R. Miller, Ph.D. and Jack Weinstein will assume expanded responsibilities: Dr. Miller, currently Catalyst's Vice President, Pharmaceutical Development and Project Management, will assume additional duties as Catalyst's Chief Scientific Officer; and Mr...

First Bankshares, Inc. And Xenith Corporation Shareholders Approve Merger Between First Bankshares And Xenith Corporation

Posted on October 16, 2009
First Bankshares shareholders approved the merger at First Bankshares' reconvened 2009 Annual Meeting of Shareholders and Xenith Corporation shareholders approved the merger at Xenith Corporation's reconvened Special Meeting of Shareholders, both held on October 15, 2009...

Private Media Group Signs Definitive Agreement To Acquire Leading Online Distribution Platform Sureflix To Enhance Global Digital Delivery Position

Posted on October 16, 2009
Commenting on the Company's decision to make this acquisition, Ilan Bunimovitz, Chief Executive Officer of Private explained: "This acquisition is the next step in the ongoing expansion of our global digital media platform. It adds another dimension to our platform and broadens our market knowledge...

Utstarcom And Starent Networks Announce Settlement Agreement

Posted on October 15, 2009
UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support. The company sells its solutions to operators in both emerging and established telecommunications markets around the world. UTStarcom enables its customers to rapidly deploy revenue-generating access services using their existing infrastructure, while providing a migration path to...

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Cisco Announces Agreement To Acquire Starent Networks Acquisition of Starent Networks Expands Cisco's Mobile Internet Offerings For Service Providers

Posted on October 14, 2009
Under the terms of the agreement, Cisco will pay $35 per share in cash in exchange for each share of Starent Networks and assume outstanding equity awards for an aggregate purchase price of approximately $2.9 billion. The acquisition has been approved by the boards of directors of both companies.

Sigma Designs, Inc. To Acquire Coppergate Communications LTD. Creating A Leading Provider of Networked Home Entertainment Semiconductor Solutions

Posted on October 13, 2009
MILPITAS, Calif. and TEL AVIV, ISRAEL -- October 13, 2009 -- Sigma Designs®, Inc. (NASDAQ: SIGM) (?Sigma?) and CopperGate Communications Ltd. (?CopperGate?) today announced that the companies have entered into a definitive agreement for Sigma to acquire CopperGate in a cash and stock transaction with an agreed value of $160 million, net of CopperGate?s cash at the closing of the transaction.

Nara Bancorp Renews Chief Executive Officer's Employment Contract

Posted on October 08, 2009
"I am very proud to continue to serve as CEO of Nara Bancorp," said Ms. Kim. "It has been my privilege to work with the many talented Nara employees and directors, and I look forward to the exciting opportunities ahead." The renewal includes the following provisions...

Strategic Hotels & Resorts Signs Purchase And Sale Agreement For Disposition of The Four Seasons Mexico City

Posted on October 08, 2009
Chief Executive Officer, Laurence Geller remarked, "We are very pleased to announce this sale at an attractive price in an extremely difficult environment. This transaction, in a market with a significant amount of directly competitive new or under-construction supply, demonstrates the value in our unique portfolio of properties in general, and especially so in Mexico City given the impact of the.

Vitol, Inc. Enters Into Agreement To Purchase The General Partner of Semgroup Energy Partners, L.P.

Posted on October 08, 2009
Tulsa, Okla. ? October 8, 2009: SemGroup Energy Partners, L.P. (?SGLP?) (Pink Sheets: SGLP.PK) has been informed that Vitol Inc., part of the Vitol Group of companies (?Vitol?), today entered into an agreement with Manchester Securities Corp., an affiliate of Elliott Management Corporation (?Manchester?), to purchase 100% of the membership interests of SemGroup Energy Partners G...

Corrected China Direct Industries In Letter of Intent To Acquire Additional Magnesium Production Facilities Company Intends To Sell Its Stake In Pan Asia...

Posted on October 06, 2009
The non binding letter of intent entered into between China Direct Industries and Yiwei Magnesium contemplates the creation of what China Direct Industries believes will be the largest producer and distributer of pure magnesium and related products in the world...

Epicor Amends Credit Agreement To Maximize Operating

Posted on October 06, 2009
IRVINE, Calif. - October 6, 2009 - Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies, today announced that it amended its existing Credit Facility (Facility) agreement to provide the Company with more operating flexibility in light of changing economic conditions over the past 18...

Raptor Pharmaceuticals And Torreypines Therapeutics Receive Stockholder Approvals To Merge Merger To Create Nasdaq-listed Biopharmaceutical

Posted on October 06, 2009
Novato, California, September 28, 2009 – Raptor Pharmaceuticals Corp. ("Raptor" or the "Company") (OTC Bulletin Board: RPTP), today announced that its stockholders approved the proposals to complete the proposed merger with TorreyPines Therapeutics, Inc...

Varian, Inc. Announces Stockholder Approval of Merger Agreement With Agilent Technologies

Posted on October 06, 2009

China Direct Industries In Letter of Intent To Acquire Additional Magnesium Production Facilities

Posted on October 05, 2009
Company Intends to Sell Its Stake in Pan Asia Subsidiary in an Effort to Focus Its IMG Branded Operations with Key Chinese Partner Deerfield Beach, Fla., October 5, 2009 ? China Direct Industries, Inc. (?China Direct Industries?) (NASDAQ: CDII), a U...

Lincare Holdings Inc. Extends Terms of Employment Agreements With Executive Officers

Posted on October 05, 2009
Lincare, headquartered in Clearwater, Florida, is one of the nation's largest providers of respiratory therapy and other services to patients in the home. The Company provides services and equipment to more than 700,000 customers in 48 states.

Transalta And Canadian Hydro Developers Reach Agreement On Acquisition At $5.25 Cash Per Share

Posted on October 05, 2009
A notice of variation and extension of the existing offer is expected to be mailed to securityholders of Canadian Hydro by the end of this week with an initial expiry date of October 20, 2009.

Asiainfo Enters Into Stock Purchase Agreement With Call Center International Limited

Posted on October 02, 2009
Partnership gives AsiaInfo an established, leading outbound call service to obtain high-quality, first-hand feedback from subscribers Leverages AsiaInfo's leading market share in business intelligence installations and reputable consulting team to provide carriers with enhanced sales & marketing campaigns BEIJING/SANTA CLARA, Calif...

Ligand And Glaxosmithkline Collaboration Identifies New Compound Ligand Earns Milestone Payment And Amends Agreement With Glaxosmithkline

Posted on October 01, 2009
In addition, under the amended agreement Ligand and GSK agreed to waive exclusivity on two biological targets, allowing both GSK and Ligand the freedom to pursue independent research programs with such targets in addition to the current alliance programs...

Atlas America And Atlas Energy Complete Merger To Form Atlas Energy, Inc.

Posted on September 30, 2009
As a result of the Merger, Atlas Energy, Inc. has a single class of publicly traded common equity with one board of directors. The board of directors of the combined entity consists of the ten independent directors of Atlas America and Atlas Energy serving at the time the merger was consummated, as well as Edward E...

Quaterra Signs Option Agreement With Copper Ridge Exploration For Duke Island Cu-ni-pge Project In Alaska

Posted on September 30, 2009
The Duke Island Property was located by Quaterra in 2001. Between 2001 and 2006 Quaterra completed geological mapping, soil and rock sampling, ground and airborne geophysical surveys and 1,820 meters of core drilling in 11 holes. Mineralization includes copper, nickel and PGE enriched sulphide mineralization within an Alaska-type zoned ultramafic intrusion in Alaska's Alexander Platinum Belt...

Seracare Life Sciences Awarded Multiple Contracts From The CDC And Nih To Support Hiv Research And The Accuracy of Hiv Testing -total Us Government Funded...

Posted on September 30, 2009
"The government sector is an important customer of our services business and these recent awards demonstrate SeraCare's fundamental role in the support of government-sponsored research projects and, specifically, our leadership position in providing the highest quality services in support of HIV research and testing," said Susan Vogt, President and Chief Executive Officer of SeraCare Life...

Terrestar Announces Distribution Agreement With AT&T

Posted on September 30, 2009
RESTON, VA ? September 30, 2009 ? Mobile communications provider TerreStar Networks Inc. (TerreStar), a majority-owned subsidiary of TerreStar Corporation (NASDAQ: TSTR), announced today an agreement between TerreStar and AT&T to bring to market the first fully integrated satellite cellular smartphone.

Comvest And Velocity Express Reach Agreement On Significant Financial Restructuring

Posted on September 25, 2009
WESTPORT, Conn. September 24, 2009 -- Velocity Express Corporation (NASDAQ:VEXP) (?Velocity? or ?the Company?), the nation's largest provider of time definite regional delivery solutions, announced that it has reached an agreement with a subsidiary (?ComVest?) of ComVest Investment Partners III, L...

CRHS Subsidiary Acquires Millie?s Restaurants

Posted on September 25, 2009
SAN DIEGO, CA ? September 24, 2009- American Restaurant Concepts, Inc, a Nevada corporation and a wholly owned subsidiary of The Custom Restaurant & Hospitality Group, Inc. (CRHS: OTCBB) entered into an asset purchase agreement with Millie?s Restaurants, Inc...

Ascent Solar Signs Multi-year Supply Agreement With Turtleenergy For Up To 67 MW

Posted on September 23, 2009
Ascent Solar Technologies, Inc. (NASDAQ:ASTI), a developer of flexible thin-film solar modules, announced today that it has signed a multi-year direct supply agreement with TurtleEnergy LLC, a premium photovoltaic (PV) systems integrator headquartered in Linden, New Jersey.

Miranda Gold Corp. And Nulegacy Gold Corp. Sign Agreement To Explore Red Hill Project

Posted on September 23, 2009
Vancouver, BC, Canada – September XX, 2009 – Miranda Gold Corp. ("Miranda") (TSX-V: MAD) announces that a new exploration agreement with an option to form a joint venture (the "Agreement") has been executed with NuLegacy Gold Corp. ("NuLegacy") on Miranda's Red Hill property...

China Armco Metals Completes Contract To Supply Iron Ore Valued Approximately $15.98 Million In The Third Quarter of 2009

Posted on September 22, 2009
SAN MATEO, CA--(Marketwire ? 09/21/09) - China Armco Metals, Inc. (OTC.BB), a distributor of imported metal ore with plans to launch a new state of the art scrap metal recycling facility in China, today announced that Armco & Metawise, Ltd. the Company's wholly owned subsidiary, has completed delivery of iron ore to a China based steel company pursuant to a contract that will generate sales of...

Tim Hortons Inc. Public Company Merger And Reorganization Approved Canadian Public Company Transaction Scheduled To Become Effective September 28TH, 2009

Posted on September 22, 2009
Absent any unforeseen circumstances, Tim Hortons expects to proceed with the completion of the transaction, with the merger and reorganization to become effective on September 28th, 2009.

MMC Extends Employment Contract of Ceo Brian Duperreault

Posted on September 21, 2009
NEW YORK, September 21, 2009 - Marsh & McLennan Companies, Inc. (MMC) today said it has reached agreement with President and CEO Brian Duperreault to extend his employment with MMC through January 2014. Mr. Duperreault was named President and CEO of MMC on January 30, 2008.

Micro Bubble Technology Signs $2M Agreement For Distribution Right of Its Carbon Nano Tube Battery In North America

Posted on September 18, 2009
Barrington, IL ? September 16, 2009 ? Micro Bubble Technology, the new subsidiary of EcoloCap Solutions, (OTC-BB: ECOS) (?MBT?) has signed an agreement with Next-Alternative Inc, (http://www.next-alternative.com) which agreed to pay $2 million in return for the exclusive right to market and distribute MBT?s Carbon Nano Tube Battery for wheeled applications in North America, In addition,...

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