Pompano Beach, FL -- (SBWIRE) -- 10/05/2012 -- Groupon Inc (NASDAQ:GRPN) shares gained 6.04% to $5.09 in the morning hour. Reuters reported on Sept. 29, that a U.S. judge has rejected a proposed $8.5 million class action settlement with Groupon Inc intended to resolve allegations that the expiration dates on its coupons violated consumer protection laws. U.S. District Judge Dana Sabraw in San Diego found fault with a provision in the settlement that would have set aside $75,000 to be divided among two non-profit groups.
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Primero Mining Corp (NYSE:PPP) stock soared 35% to $7.29 after the company announced today that the Company’s Mexican subsidiary has received a positive ruling from the Mexican tax authorities on its Advance Pricing Agreement (“APA”) filing made in October 2011. The ruling confirms that the Company’s Mexican subsidiary appropriately records revenue and taxes from sales under the silver purchase agreement at realized prices rather than spot prices effective from August 6, 2010.
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Neuralstem, Inc. (NYSEAMEX:CUR) stock increased 4.69% to $1.34. The company said it was granted approval to commence a clinical trial, through its subsidiary, Neuralstem China, to treat motor deficits due to ischemic strokes with its spinal cord stem cells NSI-566 at BaYi Brain Hospital, in Beijing, China. The approved trial will include a combined phase I/II design and will witness direct injections of NSI-566 cells into the brain. The trial is expected to begin early next year.
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Infoblox Inc (NYSE:BLOX) shares climbed 2.56% to $21.21 in the early hour after the company announced the pricing of its secondary public offering of 5 million shares of its common stock at a price to the public of $20.00 per share. All of the shares are being sold by existing stockholders of the Company. The underwriters have been granted a 30-day option to purchase up to an additional 750,000 shares of common stock from certain of the selling stockholders.
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The Hartford Financial Services Grup Inc (NYSE:HIG) shares climbed 3.37% to $21.48 in the early hour. Reuters reported on Sept. 27, that Prudential Financial Inc. is close to an agreement to acquire the individual life insurance business of Hartford Financial Services Group Inc. The paper, citing a source familiar with the talks, said it would be structured as a complicated reinsurance transaction and that bankers had valued the business at about $1 billion.
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