Press Releases
Branham Law Sues Enterprise Financial for Securities Law Violations Print E-mail

Dallas, Texas-  August 24, 2012,  Branham Law, LLP is investigating certain officers and directors of Enterprise Financial Services Corp. (NASDAQ:EFSC) (“Enterprise” or the “Company”) for possible breaches of fiduciary duties in connection the Company’s financial statements of the company.

 

Current long-term investors in Enterprise have certain options and should contact attorney Trey Branham at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or toll free at (855) 722-5910.  This investigation is prompted by a lawsuit against Enterprise filed by shareholders who purchased Enterprise shares between April 20, 2010 and January 25, 2012.

According to a suit filed in Missouri federal court,  Enterprise Financial Services Corp. and certain its executive officers violated the Securities Exchange Act of 1934 by issuing allegedly false and/or misleading statements and/or failing to disclose material adverse facts about Enterprise's business, operations and prospects.

On Thursday, January 25, 2012, Enterprise announced that it was restating its financial statements for the year ended December 31, 2010 and for the first three quarters of 2011 and 2010. Enterprise said the restatements were a result of an accounting error resulting in an inadvertent overstatement of income on loans covered by FDIC loss share agreements during those periods.

Enterprise further acknowledged that its Annual Report on Form 10-K for the year ended December 31, 2010 and the interim financial statements included in its Quarterly Reports on Form 10-Q for each of the periods ended March 31, June 30, and September 30, for 2010 and 2011, respectively, were not reliable.

Branham Law, LLP has significant experience in shareholder representation nationwide.

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Branham Law, LLP Announces that a Lawsuit Has Been Filed Against GMX Resources Inc. For Violations of Securities Lawsons Print E-mail

Dallas, Texas-  August 24, 2012,  Branham Law, LLP announces that a lawsuit has been filed by shareholders of GMX Resources (NYSE:GMXR) on behalf of purchasers of GMX offering of July 17, 2008, May 13, 2009 and October 22, 2009.   The suit alleges that GMX violated Federal Securities Laws.

 

If you purchased shares in any of these three offerings or have relevant information regarding this suit, you are urged to contact attorney Trey Branham at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or toll free at (855) 722-5910.

 

Our investigation and the lawsuit seeks to address concerns about whether certain current and/or former members of GMX Resources’ board of directors and certain executive officers were responsible for the alleged Securities Laws violations in the connection with the lawsuit filed by investors who purchased GMXR shares only pursuant or traceable to the company’s stock offerings on July 17, 2008, May 13, 2009 and October 22, 2009.

 

From the terms of the lawsuit, it is alleged GMX Resources Inc violated the securities laws by issuing false financial statements to investors in the stock offerings on July 17, 2008, May 13, 2009 and October 22, 2009.

 

Moreover, On March 11, 2010, GMX disclosed that its 2008 and quarterly 2009 financial were being restated due to inaccuracies. GMX went on to state that investors could no longer rely on its financial statements. According to the restated financials, the company’s net loss for fiscal year 2008 was $124.6 million.  Originally the company had only reported a loss of $81.7 million.

Since January 2010, shares of GMX Resources Inc. have  plummeted from $14.41 to recently $0.86 per share.

 
Securities Class Action Filed Against Monster Beverage Corporation Print E-mail

Dallas, Texas-  August 24, 2012,  Branham Law, LLP is investigating certain officers and directors of Monster Beverage Corporation  (NASDAQ GS: MNST) (“Monster” or the “Company”) for possible violations of shareholder protection laws in the issuance of materially false and misleading statements as a result of a complaint has been filed in the United States District Court for the Central District of California on behalf of all Monster shareholders.   This investigation affects shareholders who purchased the stock between February 23, 2012 and August 9, 2012.

 

If you purchased shares of Monster during the Class Period and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact attorney Trey Branham at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or toll free at (855) 722-5910. 

The lawsuit contends that defendants made materially false and misleading statements regarding the Company's business operations, financial condition and prospects.   In particular, the lawsuit alleges that Monster was improperly promoting and marketing its Monster Energy brand of drinks and that, as a direct result of those improprieties, Monster’s financial statements were materially false and misleading.

On August 8, 2012, the Company issued a press release announcing its financial results were well below analysts' estimates. As an apparent result, Monster shares plummeted 10%, closing at $61.20 per share on August 9, 2012.

 

The very next day, on August 9, 2012, the Company disclosed that an unnamed state attorney general  was investigating Monster’s advertising, marketing, promotion, ingredients, usage and sale of its Monster Energy® brand of energy drinks. Not surprisingly, shares of Monster stock declined another  11%, closing at $54.27 per share on August 10, 2012.

 

If you have information about these events or currently hold shares of Monster, Mr. Branham is available to discuss the ongoing investigation.

 

Branham Law, LLP has significant experience in shareholder representation nationwide.

 
Branham Law, LLP Investigating Buyout of The Shaw Group, Inc. Print E-mail

Dallas, Texas, August 2, 2012-Branham Law, LLP announces that it is investigating The Shaw Group, Inc. (“Shaw” or the “Company”)(NYSE:SHAW) as well as  certain of its officers and directors for possible breaches of fiduciary duties in connection with a proposed buyout from Chicago Bridge and Iron Company, N.V. announced last week.

 

If you are a shareholder who purchased Shaw shares prior to the announcement of the buyout and currently hold those shares or if you have information regarding the actions of the Company detailed below, you are encouraged to contact attorney Trey Branham, Managing Partner of Branham Law, LLP at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call (855) 722-5910.

 

Under the terms of the proposed buyout, SHAW shareholders are to receive only $41.00 in cash along with $5.00 in equity for each share of SHAW they own.   It appears the Company is targeting a 2013 closing of this deal valued at more than $3 billion.

 

The investigation focuses on whether the officers and directors of Shaw adequately discharged their obligation to maximize the value of the Company and fully investigated all of the options available.

 

“We want to ensure that shareholders are getting the highest possible price reasonably available,” said Trey Branham, the Managing Partner of Branham Law, LLP.  “Our potential shareholder claim will be designed to ensure that those fiduciary duties are met by management and the board of directors,” Branham concluded.

 
Branham Law, LLP Investigationg Lime Energy Co. on Behalf of Stockholders Print E-mail

Dallas, Texas, July 23, 2012-Branham Law, LLP announces that it is investigating Lime Energy Company (“Lime Energy” or the “Company”)(NASDAQ:LIME) as well as  certain of its officers for alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and the accompanying SEC rules. The investigation focuses on the period between May 13, 2010 and July 17, 2012 (the “Investigation Period”).

 

If you are a shareholder who purchased Lime Energy shares during the Investigation Period or if you have information regarding the actions of the Company detailed below, you are encouraged to contact attorney Trey Branham, Managing Partner of Branham Law, LLP at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call (855) 722-5910.

 

Lime Energy provides clean energy solutions which are advertised to include consulting services targeted at reducing their customers’ energy consumption while at the same time reducing maintenance costs and lowering greenhouse gas emissions.

 

The investigation focuses on concerns regarding possible false and/or misleading statements and the failure to disclose material adverse facts about the Company’s business, operations, and prospects.   It appears that Lime Energy was improperly recording revenue which resulted in the overstatement of revenues and other financial benchmarks.    These errors resulted in inaccurate financial statements.   These problems give rise to the larger concern that the Company is operating with a lack of adequate internal and financial controls.

 

“We are very concerned about the apparent misrepresentations during these periods and their effects on shareholders,” said Trey Branham, the Managing Partner of Branham Law, LLP.

 
Branham Law, LLP Investigating Compton Petroleum Corporation Print E-mail

Dallas, Texas, July 23, 2012-Branham Law, LLP announces that it is investigating Compton Petroleum Corporation (“Compton” or the “Company”)(TSX:CMT) as well as  certain of its officers and directors for possible breaches of fiduciary duties in connection with a takeover bid from MFC Industrial Ltd. announced on July 9, 2012.

 

If you are a shareholder who purchased Compton shares prior to the announcement of the takeover bid and currently hold those shares or if you have information regarding the actions of the Company detailed below, you are encouraged to contact attorney Trey Branham, Managing Partner of Branham Law, LLP at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call (855) 722-5910.

 

Only four short days after the announcement of MFC’s takeover bid, the Board of Directors of Compton Petroleum announced a take-over bid deadline and mailed a circular from the board of directors endorsing the takeover bid by MFC.  The offer price of $1.25 per share is a mere 4.2 percent premium over the closing price on Friday, July 6, 2012.

 

The investigation focuses on whether the officers and directors of Compton adequately discharged their obligation to maximize the value of the Company and fully investigated all of the options available.

 

“We are very concerned with the very short fuse between offer and endorsement,” said Trey Branham, the Managing Partner of Branham Law, LLP.  “These types of deals need a thorough vetting and it is difficult to see how this was done in such a short period of time,” Branham concluded.

 
Branham Law, LLP Investigating Sandoz, a division of Novartis, AG, for Birth Control Packaging Error Print E-mail

Dallas, Texas, June 11, 2012 – Branham Law, LLP is investigating potential Sandoz, a division of Novarties AG, for a recall it issued as a result of pills being packaged in the wrong order.  The lot numbers involved in the recall are: LF00478C, LF00479C, LF00551C, LF00552C, LF00687C, LF00688C, LF00763C, LF00764C, LF00765C and LF01261C. These lots were distributed only in the United States between January 2011 and May 2012.

 

“We are very concerned about these recalls and the potential effects of Sandoz’s error,” said Trey Branham, managing partner of Branham Law, LLP.   If you have taken pills from these lot numbers and, as a result have suffered health complications or a pregnancy as a result of the mispackaged medication or have questions about the recall and your rights, please contact Branham Law, LLP immediately.  Branham Law, LLP has extensive experience in pharmaceutical litigation.  Anyone taking this drug or anyone with knowledge about this recall should contact Trey Branham at Trey Branham at 855-722-5910 or at This e-mail address is being protected from spambots. You need JavaScript enabled to view it to learn more about this investigation.

 
Branham Law, LLP Investigating CREDO Petroleum for Possible Fiduciary Duty Breaches Print E-mail

Dallas, Texas, June 5, 2012 – Branham Law, LLP is investigating potential securities law violations, breaches of fiduciary duty and other possible legal violations by members of the board of directors of CREDO Petroleum Corporation (NASDAQ: CRED).   The investigation was sparked by the Board of Directors efforts to sell the company to Forestar Group Inc. (NYSE: FOR).

 

CREDO Petroleum shareholders should contact Trey Branham at 855-722-5910 or at This e-mail address is being protected from spambots. You need JavaScript enabled to view it to learn more about this investigation.

 

CREDO announced a merger agreement on June 4, 2012, in which the end result is the acquisition of CREDO by Forestar. The terms of the deal include the acquisition of all outstanding CREDO shares for a purchase price of $14.50 in cash.  CREDO wants to close the transaction in the second half of 2012.

 

Branham Law, LLP's is concerned that shareholders may not be realizing maximum value  for shareholders.   This is particularly true given the company’s recent financial successes. CREDO’s 2012 results have been very positive, reporting on April 26, 2012 that the company had revenues of $5.8 million, a 79.1% increase over the $3.2 million in revenue reported during the same quarter of the previous year. Moreover, CREDO reported an exceptional increase in net  income from $169,000 in first quarter of fiscal year 2011 to $962,000 for the first quarter of 2012.  This is an increase of  469.2%.  Statements from  Michael C. Davis, CREDO's Interim Chief Executive Officer, appear to indicate that the company expects continue strong growth during the company’s planned transition from natural gas to oil.

These results appear to support at least a greater share price or the continued independence of the company to permit shareholders to participate in the expected growth.

 

If you hold CREDO shares and held them during the above period and have information about or questions concerning these issues or your rights as a shareholder, you may contact Trey Branham at 855-722-5910 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 
Branham Law, LLP investigates Patriot Coal Corporation’s Board of Directors for Possible Fiduciary Duty Breaches Print E-mail

DALLAS, TEXAS, May 24, 2012 – Branham Law, LLP, a Dallas, Texas law firm, is investigating Patriot Coal Corp. (NYSE: PCX) over concerns about mismanagement which caused the stock to drop more than 35% on concerns that the company may seek bankruptcy protection.   The concerns are centered around the company’s inability to meet its financing needs.  As an apparent result of these concerns, Standard & Poor’s Rating Services lowered its ratings for the coal company into junk status.

 

“We are very concerned about how this company’s finances have gotten to this point,” said Trey Branham, Managing Partner of the Branham Law, LLP.  If you currently own Patriot Coal stock or have information relating to the facts surrounding the company or would like more information on your rights as a shareholder, please contact Branham Law, LLP immediately at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or 1-855-722-5910.

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Branham Law Investigating Aon Corporation on Behalf of Stockholders Print E-mail

Branham Law, LLP announces that it is investigating Aon Corporation and certain of its officers and directors and officers for potential breaches of fiduciary duties in connection with bribery allegations and potential violations of the Foreign Corrupt Practices Act ("FCPA").

In January 2009, Aon Limited, Aon’s principal U.K. brokerage subsidiary, entered into a settlement agreement with the Financial Services Authority (“FSA”) to pay a £5.25 million fine arising from its failure to exercise reasonable care to establish and maintain effective systems and controls to counter the risks of bribery arising from the use of overseas firms and individuals who helped it win business.

According to the SEC, Aon’s subsidiaries made over $3.6 million in improper payments between 1982 and 2007 to secure or retain insurance business in Costa Rica, Egypt, Vietnam, Indonesia, the United Arab Emirates, Myanmar and Bangladesh.    From these payments, Aon  profited to the tune of $11.4 million.   The U.S. Securities and Exchange Commission (“SEC”) announced that Aon, without admitting or denying the allegations, agreed to pay a total of approximately $14.5 million in disgorgement and prejudgment interest to the SEC. Aon will also pay a $1.764 million criminal fine to the U.S. Department of Justice (DOJ) .

 

 

 
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