MagnaChip Semiconductor Emerges from Chapter 11 Nov 6, 2009 08:07PM

SEOUL, South Korea, Nov. 6 /PRNewswire/ -- MagnaChip Semiconductor ("MagnaChip" or "the Company") announced that its Second Amended Plan of Reorganization confirmed by the United States Bankruptcy Court for the District of Delaware on September 25, 2009 (the "Plan"), will become effective on Monday, November 9, marking MagnaChip's emergence from voluntary Chapter 11 restructuring. The Plan was overwhelmingly supported by the Company's creditors. Under the Plan, Avenue Capital Management II, L.P. ("Avenue Capital") has become the controlling shareholder of ...


Value Investors For Change Nominates Eight New Members to the Board of Directors of Troubled Telecom Company MRV Communications, Inc. Oct 7, 2009 07:30AM

NEW YORK, Oct. 7 /PRNewswire/ -- Value Investors For Change, a group dedicated to restoring stockholder value to damaged companies, filed a definitive proxy statement today nominating eight highly qualified telecom and corporate finance executives to the board of MRV Communications, Inc. (Pink Sheets: MRVC). Value Investors for Change, which holds close to two million shares, encourages all stockholders to vote the WHITE Proxy Card. Below is a letter to stockholders explaining in detail the failures of the current Board of Directors of MRV Communications, Inc., the turnaround plan put forth by Value Investors For Change and the exceptional qualifications of our nominees. Dear Fellow Stockholders of MRV Communications, Inc.: We are seeking your support to elect highly qualified and experienced telecom and corporate finance executives to the Board of Directors of MRV Communications, Inc. ("MRV" or the "Company") at the 2009 Annual Meeting of stockholders on November 11, 2009. Value Investors ...


Family Office Association Announces an Extraordinary Speaker Line up for Their Annual FOA Fall Global Summit Oct 6, 2009 10:05AM

Featuring world renowned keynote speakers Marc Lasry and Nassim Taleb GREENWICH, Conn.--(BUSINESS WIRE)-- Family Office Association (FOA) will hold their 2nd annual FOA Fall Global Summit on Thursday, November 5th, at the Delamar Hotel in Greenwich, CT. "This day-long event is packed with critical information that single family offices (SFOs) and families of wealth must have to increase their wealth in these uncertain times and build multi-generational strategies for legacy sustainability," stated Angelo Robles, CEO and founder of FOA. ...


MRV Sends Letter to Stockholders Sep 16, 2009 04:03PM

CHATSWORTH, Calif.--(BUSINESS WIRE)-- MRV COMMUNICATIONS, INC. (Pink Sheets: MRVC) ("MRV" or the "Company") today sent the following letter to stockholders. September 16, 2009 Dear Fellow Stockholder: MRV has faced a number of challenges recently, some of which limited our ability to communicate with you, but we believe that we are on the right path and poised to put our recent issues behind us. We are writing today to provide you with an update on some of the most recent developments at ...


NextWave Wireless (WAVE) Raises $100 Million in New Capital Oct 10, 2008 07:47AM

NextWave Wireless Inc. (NASDAQ: WAVE) announced that it has raised $100 million in new financing through the issuance of ...