DrStockPick.com Stock Report!

Monday August 17, 2009

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Acushnet Company, the golf business of Fortune Brands, Inc. (NYSE: FO), announced that on August 14, 2009, the United States Court of Appeals for the Federal Circuit granted the company’s request for a new trial and issued other favorable decisions in its patent dispute with Callaway Golf.

Petroleum Development Corporation (Nasdaq: PETD) announced today that it has closed its public offering of 4,312,500 shares of common stock, including 562,500 shares issued upon full exercise of underwriters’ over-allotment option, at a price to the public of $12.00 per share. The net proceeds from the offering were approximately $48.6 million (after deducting underwriting discounts and

A number of law firms have filed a class action lawsuit against Conseco Inc. (CNO) on behalf of purchasers of its common stock between August 4, 2005 and March 17, 2008.

Shalov Stone Bonner & Rocco LLP, Izard Nobel LLP and Coughlin Stoia Geller Rudman & Robbins LLP charged Conseco and certain of its officers and directors with violations of the federal securities laws.  

The lawsuits are a consequence of a disclosure by Conseco on March 17, 2008 that it did not maintain effective controls over the accounting and disclosure of insurance policy benefits and the liabilities for insurance products, and that it would therefore restate its financial results for the years ended December 31, 2004 and 2006, along with affected Selected Consolidated Financial Data for 2003 and 2004, and quarterly financial information for 2006 as well as the first three quarters of 2007.

The complaint

DrStockPick.com Stock Report!

Thursday August 6, 2009

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Continental Airlines (NYSE: CAL) today announced new service from its Guam hub and Honolulu to Nadi, Fiji beginning Dec. 18, 2009. The flights will also offer convenient connections from the U.S. mainland, Japan and Continental’s Micronesian network to Nadi.

Shalov Stone Bonner & Rocco LLP announces that a class action lawsuit has been filed on behalf of purchasers of International Game Technology (NYSE: IGT) common stock during the period from November 1, 2007 to October 30, 2008, inclusive (the “Class Period”). The lawsuit is pending in the United States District Court for the District of Nevada against IGT and certain of its officers and directors.