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$SGY said the Independent Directors of its BoD recently named current board member David Lawrence as a Special Liaison of the Independent Directors to work together with its management to help with assessing strategic alternatives and restructuring alternatives for $SGY. Andrews Kurth LLP has been hired as special counsel.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.