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News Breaks | | | | November 30, 2012 | | 13:59 EDT |  | GCOM | Globecomm reports dismissal of lawsuit
Globecomm Systems announced that the lawsuit captioned Wenz et al. v. Globecomm Systems, Inc., et al. commenced in the New York State Supreme Court in Suffolk County on October 11 has been dismissed. The lawsuit alleged omissions by Globecomm in connection with certain items in a proxy statement issued by Globecomm for its annual meeting of stockholders held on November 15. Plaintiffs withdrew their lawsuit after the Court, on November 14 completely denied plaintiffs’ motion for a temporary restraining order and a preliminary injunction. David E. Hershberg, Globecomm’s Chairman and CEO, stated: "We are extremely pleased that this meritless lawsuit, which Globecomm vigorously opposed, has been disposed of in such a prompt fashion. Our shareholders would never have benefited financially from this case and, as the Court found, there was nothing improper with respect to Globecomm’s proxy statement." | |
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News For GCOM From The Last 14 Days Check below for free stories on GCOM the last two weeks. |
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| May 21, 2013 | | 09:45 EDT | | GCOM | Globecomm announces three new LTE customers
 Subscribe for More Information | | | May 8, 2013 | | 16:24 EDT |  | GCOM | Globecomm sees FY13 EPS 66c-68c vs. previous 66c-71c
Subscribe for More Information | | | 16:23 EDT | | GCOM | Globecomm reports Q3 EPS 18c, consensus 19c
Reports Q3 revenue $78.1M, consensus $88M. | |
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