MiMedx Says it Filed Lawsuit Related to Short Seller Attacks

MiMedx Says it Filed Lawsuit Related to Short Seller Attacks

MiMedx Group, Inc (MDXG), a producer of regenerative biomaterial products, said Wednesday that it has filed a lawsuit against Viceroy Research and Sparrow Fund Research, John Fichthorn, BR Dialectic Capital Management and certain others for libel, slander, defamation, false light and tortious interference with business relations. “We contend the defendants knowingly concocted and disseminated false statements against MiMedx and our employees to our shareholders, the investment community and the public […]

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Best Buy Tops Estimates on Earnings and Revenue, Prompting Higher Outlook for 2017 Sales Growth

Best Buy Tops Estimates on Earnings and Revenue, Prompting Higher Outlook for 2017 Sales Growth

US electronics retailer Best Buy (BBY) posted earnings and revenue higher than Wall Street analysts’ expectations, driven by computing products and mobile phones. That prompted the firm to raise its fiscal third-quarter and full year revenue forecast. Non-GAAP net earnings in the second quarter ended July 29 totaled $214 million, or $0.69 per share, compared with $183 million or $0.63 per share, a year earlier, the company said on Tuesday. […]

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La Jolla Pharmaceutical Shares Rise

La Jolla Pharmaceutical Shares Rise

La Jolla Pharmaceutical shares were higher 3% in early trade Monday after the company said the U.S. Food and Drug Administration has accepted for review the new drug application for LJPC-501for the treatment of hypotension in adults with distributive or vasodilatory shock who remain hypotensive despite fluid and vasopressor therapy. The review classification for the application is priority, and the prescription drug user fee act date is Feb. 28. In […]

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Boeing Wins Defense Department Contract Modification

Boeing Wins Defense Department Contract Modification

Boeing has been awarded a $17.4 million modification to a previously awarded contract for sustaining engineering and program management support for an intercontinental ballistic missile guidance subsystem, the U.S. Department of Defense said in a notice on its web site. The Defense Department said the contract modification is for engineering and manufacturing development and production of a pendulous integrating gyroscopic accelerometer. Work is expected to be completed by Oct. 31, […]

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Heritage Insurance Holdings to Offer Convertible Senior Notes

Heritage Insurance Holdings to Offer Convertible Senior Notes

Heritage Insurance Holdings said it will offer $125 million aggregate principal amount of convertible senior notes due 2037 in a private offering to qualified institutional buyers. The company also said it expects to grant the initial purchaser for the offering a 30-day option to purchase up to an additional nearly $18.8 million aggregate principal amount of notes. Heritage said it will use the net proceeds from the sale of the […]

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