Legal Search Engine Directory NewsLegal Search Engine Directory - Return to Legal News Menu The Law Firm of Baron & Budd, P.C. Announces Class Action Lawsuit Against Navarre Corporation -- NAVR Navarre Corporation has allegedly violated federal securities laws by issuing false or misleading information and that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them. Specifically, the Complaint alleges that the Company's reported income was materially inflated due to the failure to properly account for expenses relating to executive deferred compensation, that the Company's apparent success was due to accounting shenanigans, and that the Company's financial results, as reported in press releases and SEC filings, were not prepared according to Generally Accepted Accounting Principles ("GAAP"). May 31, 2005, Navarre issued a press release stating that the results of its fourth quarter and fiscal year 2005 would be delayed pending an accounting review focused on the recognition of deferred compensation expenses and the classification of fiscal 2005 tax items. This news shocked the market and the Company's stock fell $0.98 per share from its May 31, 2005 closing price of $9.00 to its close on June 1, 2005 at $8.02. If you acquired the securities of Navarre Corporation during the Class Period and meet certain legal requirements, you may, no later than August 12, 2005, move for appointment as lead plaintiff on behalf of the proposed class. If you are a member of this class and would like to take action in this suit, please visit Baron & Budd online( http://www.securitiesactions.com ). Information on your legal rights can be obtained by contacting the law firm of Baron & Budd, P.C. About Baron & Budd, P.C. Since 1977, the law firm of Baron & Budd, P.C. has championed the rights of people and communities harmed by corporate misconduct. With over 70 attorneys and offices in Texas, Illinois, Ohio, Louisiana, and New York, Baron & Budd enjoys a national reputation as a leader of the plaintiff's bar. The firm represents individuals with mesothelioma and other diseases caused by asbestos; leukemia caused by benzene; injuries caused by other toxic substances and unsafe pharmaceuticals; water authorities seeking clean-up costs for drinking water contamination; securities investors defrauded by corporate wrongdoing; and consumers in class actions. For more information on the firm, call 1-800-222-2766 or visit www.baronandbudd.com. More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca CONTACT: Baron & Budd, P.C. Attorneys Lisa Blue and Alan Rich to Speak at the 13th Annual Bench/Bar Conference of the Dallas Bar Association ( EMAILWIRE.COM, October 14, 2004 ) DALLAS, Texas – Attorneys Lisa Blue and Alan Rich, shareholders with the law firm of Baron & Budd, P.C. will speak at the 13th Annual Bench/Bar Conference of the Dallas Bar Association on October 14 and 15 in Lake Conroe, Texas. Baron & Budd is a Platinum Sponsor of the conference benefiting the Dallas Volunteer Attorney Program. Blue will deliver a presentation focusing on juror psychology, juries after House Bill 4, and jurors’ privacy issues. Blue is a well known and widely respected trial attorney and psychologist. She has represented hundreds of victims of mesothelioma caused by asbestos exposure and diseases caused by other toxic substances, honing her skills as an expert on jury selection. Rich will present an ethics quiz accompanied by film clips from popular films to illustrate key points. Rich joined Baron & Budd in 1998 and serves in the firm's asbestos and toxic tort practices, concentrating on related bankruptcy, insurance and commercial litigation matters. He is Board Certified in Appellate Law by the Texas Board of Legal Specialization. About Baron & Budd, P.C. ### Online Advertising Leader AzoogleAds Grew More Than 100 Percent in the First Half of 2005, Dramatically Outpacing the Overall Growth of the Industry NEW YORK--(BUSINESS WIRE)--Aug. 10, 2005-- AzoogleAds Reports Nearly 46 Billion CPA Impressions and 10 Million Unique Transactions, Underscoring Its Position as Leading CPA Advertising Network AzoogleAds (www.AzoogleAds.com), a leader in performance-based online advertising, today announced that during the first two quarters of 2005, the company improved revenue and EBITDA by more than 100 percent as compared to the first half of 2004. In 2004, AzoogleAds' revenues surged to $64 million. In the first half of 2005, the AzoogleAds Network, which has more than 7,000 websites and publishers, generated approximately 46 billion cost-per-action (CPA) impressions. It generated 461 million unique click-throughs and facilitated almost 10 million transactions or sales from January to June 30th. These metrics illustrate that the AzoogleAds Network is one of the industry's largest CPA networks. Much of this growth is attributable to AzoogleAd's fraud-proof model in which the company pays publishers only when verified actions are generated. This model enables AzoogleAds to deliver one of the most cost-effective and risk-free advertising tools available to customers such as eBay.com, Omaha Steaks, Netflix, True.com, Stamps.com, MatchNet, and Ask Jeeves. "Our focus on maximizing revenue and guaranteeing return on investment for both advertisers and publishers has enabled AzoogleAds to grow into one of the industry's largest CPA ad networks," said Joe Speiser, AzoogleAds co-founder. "That volume and reach, coupled with the quality of leads generated and a performance-based model, deliver a return on advertising dollars unmatched by other providers and other advertising vehicles." Specializing in all forms of online media, AzoogleAds offers high-impact direct marketing response and fast return on investment through banner network and site-specific advertising, online promotions, data-capture and co-registration programs, campaign management and advertising measurement. A pioneer in the performance-based advertising industry, recent network metrics illustrate that AzoogleAds has the largest network of quality traffic, with network partners reaching billions of impressions monthly. The online advertising industry continues to grow exponentially, mushrooming to $2.8 billion in first-quarter revenues, according to the Interactive Advertising Bureau. And the rate doesn't seem to show signs of slowing. Forrester Research predicts that online advertising will increase by 23 percent, reaching $14.7 billion in 2005, and growing to $26 billion by 2010. "The rapid growth we've experienced is a good illustration of the industry's trend toward allocating more and more of the ad budget toward new and more measurable forms of advertising that fuel amazing growth," said Alex Zhardanovsky, AzoogleAds co-founder. "The model of the AzoogleAds Network enables us to offer effective solutions for clients and positions us to capitalize on this industry growth and maintain our leadership position." About AzoogleAds AzoogleAds, founded in 2000, is a profitable and rapidly growing online advertising network that delivers customers and generates revenues for its customers. A pioneer in the performance-based advertising industry, AzoogleAds now has the largest network of quality traffic. This highly effective network coupled with proprietary technology and unparalleled industry expertise enables the AzoogleAds team to deliver the most comprehensive and cost-effective strategic online marketing campaigns for advertisers of all sizes and across all industries. For publishers, AzoogleAds provides high-impact campaigns that enable publishers to maximize earnings on their inventory. AzoogleAds customers include eBay.com, Omaha Steaks, Netflix, True.com, Stamps.com, MatchNet, Ask Jeeves and Intermix, among others. The company is privately held and venture backed by TA Associates and the Stripes Group. For more information, please visit AzoogleAds' website at www.AzoogleAds.com.
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