jhv1blz5 wrote: The article validated SOA as an IT architecture paradigm that can be leveraged in many ways. Taking data storage, scalability and application performance to a nifty level using SOA Application Grid infrastructure will no doubt enhance data and application performance on Oracle architecture platforms, it also has the promise of a cost effective and efficient IT delivery model. The very benefits of SOA.
NEW ORLEANS, LA -- (MARKET WIRE) -- 08/03/06 -- Kahn Gauthier Swick, LLC ("KGS") announces
that a class action lawsuit has been filed in the United States District
Court for the Southern District of New York on behalf of shareholders who
purchased, exchanged or otherwise acquired the common stock and other
securities of Scottish Re Group LTD ("Scottish Re'' or the "Company'')
(NYSE: SCT) between December 16, 2005 and July 28, 2006.
NO CLASS HAS YET BEEN CERTIFIED IN THIS ACTION AND, UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN
ATTORNEY.
The action against Scottish Re and certain of the Company's executive
officers charges violations of federal securities laws. On July 28, 2006,
the Company's Chief Executive resigned in the face of a shocking second
quarter loss of $130 million. Scottish Re now states that it has suspended
its dividends and hired investment bankers to track down additional
capital. On this news, share prices have declined from $16.00 to $6.50 --
erasing millions of dollars in shareholder value. These revelations were
also in stark contrast to statements made by Scottish Re in February 2006,
that the Company was operating at or above plan, and to statements made in
early-May 2006, when the Company reported reduced earnings for the first
quarter of 2006, yet failed to make any adjustments to its earnings or
revenue forecasts.
If you would like to discuss your legal rights, you may e-mail or call KGS,
without obligation or cost to you. You may contact Managing Partner Lewis
Kahn of KGS direct, toll free 1-866-467-1400, ext., 100, or 504-648-1850,
or by email at lewis.kahn@kglg.com.
KGS ENCOURAGES INVESTORS TO ACT NOW, AS YOU HAVE ONLY UNTIL OCTOBER 2,
2006, TO MOVE THE COURT TO SERVE AS LEAD PLAINTIFF.
Contact
Lewis Kahn
KGS
1-866-467-1400, ext. 100
504-648-1850
email: lewis.kahn@kglg.com.