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Sun Healthcare Group Inc (NASDAQ:SUNH): Leading national securities firm Faruqi & Faruqi, LLP, headquartered in New York, is currently investigating Sun Healthcare Group, Inc.’s Board of Directors for possible fiduciary duty breaches connected with actions related to the Company’s sale to Genesis HealthCare LLC in an all-cash $275M deal. Under the proposed transaction, stockholders of Sun Healthcare will gain $8.50 in cash for each of the company’s share they own. Shares of Sun Healthcare Group Inc are trading 0.24% higher today.
ConAgra Foods, Inc. (NYSE:CAG) has been sued by eleven customers who claim that Hebrew National products are incorrectly labeled as kosher. A Minnesota federal judge will decided ConAgra’s punishment, if there is any at all. Shares of ConAgra Foods, Inc. are trading 0.63% lower today.
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Red Hat, Inc. (NYSE:RHT) was given a Buy rating and $63 price target at Needham. Shares of Red Hat, Inc. are trading 2.27% lower today.
Overland Storage, Inc. (NASDAQ:OVRL) has announced that a 125-page, full version of the Initial Determination explaining his reasoning in detail has been issued by the U.S. International Trade Commission’s Administrative Law Judge Charles Bullock. On June 22, Overland Storage’s attorneys filed an emergency motion with the ALJ as a way to gain permission to share information concerning the complete Initial Determination with Overland Storage and the public. DLA Piper partner and lead consel for Overland Storage Sean Cunningham stated, “It has been reported that Judge Bullock’s Initial Determination found no infringement of both of Overland’s asserted patents.” President and CEO Eric Kelly said We understand that the full Initial Determination of the ITC contains positive news for our ongoing litigation. I can assure you that Overland plans to continue its lawsuit against BDT both in the ITC and in federal district court.” Shares of Overland Storage, Inc. are trading 22.22% higher today.
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