yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News

2008 West
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
Red Hat
The Opening of Virtualization
User Environment Management – The Third Layer of the Desktop
Cloud Computing for Business Agility
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Return on Assests: Bringing Visibility to your SOA Strategy
Managing Hybrid Endpoint Environments
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
How Can AJAX Improve Homeland Security?
Beyond Widgets: What a RIA Platform Should Offer
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
Avalon Correctional Services Derivative Lawsuit Settled

OKLAHOMA CITY, Nov. 16, 2012 /PRNewswire/ -- Avalon Correctional Services, Inc. (CITY.PK) and Donald and Tiffany Smith announce that they and The Ravenswood Investment Company, L.P. and Ravenswood Investments III, L.P. have entered into a definitive settlement of  the derivative lawsuit titled Ravenswood Investment Company, L.P. and Ravenswood Investments III, L.P. v. Avalon Correctional Services, Inc., Tiffany Smith and Donald E. Smith, 09-CV-00070-R (W.D. Okla.).  

Under the terms of the settlement, Avalon will submit an offer to purchase the common shares of Avalon held by all of Avalon's non-management minority shareholders for $4.05 in cash plus the pro rata portion of the remaining amount of a fee and expense pool, if any, that is not used to pay any fees and expenses that may be awarded by the Court (an amount between $0 and $0.30 per share inclusive) and, subject to certain exceptions, a callable three-year, non-voting new preferred share of Avalon with a $1.75 face amount and an annual dividend of 7%, paid quarterly. 

The settlement which will resolve all claims in the litigation is not an admission of wrongdoing or liability by any of the defendants.  The settlement is subject to the approval of the United States District Court for the Western District of Oklahoma following notice to all shareholders and a hearing  as well as certain other conditions.  A motion for such Court approval was filed on November 16, 2012 and it is anticipated that any Avalon shareholders who object to the settlement will have the opportunity to be heard.  It is further anticipated that the approval process will take between 90 to 120 days although it could be longer.  If approved, the offer to purchase will be made and shareholders will have 90 days in which to accept the offer.

Given the potential cost and burden of continued litigation, Avalon believes that settling this lawsuit is in the best interest of all Avalon stakeholders.  The Company is pleased to resolve this matter and put the Ravenswood derivative litigation behind it. 

The purpose of this press release is to make a general public announcement concerning the settlement and does not contain all of the terms and conditions of the settlement.  The definitive settlement documents are attached to the motion filed in the litigation pending in the Western District of Oklahoma on November 16, 2012.  This communication shall not constitute an offer to sell or buy or the solicitation of an offer to sell or buy any securities. 

SOURCE Avalon Correctional Services, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest AJAXWorld RIA Stories
Interested in leveraging automation technologies and a cloud architecture to make developers more productive? Learn how PaaS can benefit your organization to help you streamline your application development, allow you to use existing infrastructure and improve operational efficie...
The OpenStack cloud operating system includes Trove, a database abstraction layer. Rather than applications connecting directly to a specific type of database, they connect to Trove, which in turn connects to one or more specific databases. One target database is Postgres Plus Cl...
"We provide a web application framework for building really sophisticated web applications that run on a browser without any installation need so we get used for biotech, defense, and banking applications," noted Charles Kendrick, CTO and Chief Architect at Isomorphic Software, i...
SYS-CON Events announced today that the "First Containers & Microservices Conference" will take place June 9-11, 2015, at the Javits Center in New York City. The “Second Containers & Microservices Conference” will take place November 3-5, 2015, at Santa Clara Convention Center, S...
DevOps Summit at Cloud Expo New York is offering a limited time FREE "Expo Plus" registration option in New York. On site registration price of $1,95 will be set to 'free' for delegates who register during special offer. To take advantage of this opportunity, attendees can use th...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)!

Advertise on this site! Contact advertising(at)! 201 802-3021

SYS-CON Featured Whitepapers