Orbotech Ltd. (NASDAQ:ORBK): The company’s Korean subsidiary and six employees have been charged by government officials in the Seoul Central District Court of the Republic of Korea for allegedly acquiring and misusing confidential customer information, according to an announcement by the company. The Korean subsidiary and its employees stand indicted and an investigation is underway in which the subsidiary is providing co-operation to the authorities. The company claims the allegations are without basis and plans to mount a vigorous defense in respect of the employees and itself. Denying any criminal intent, Orbotech is confident that the Korean judicial system will give full and fair consideration of the facts and defense.
The shares closed at $8.10, down $1.33, or 14.1%. They have traded in a 52-week range of $8.95 to $13.00.
A123 Systems, Inc. (NASDAQ:AONE): The shares closed at $1.35, down $0.2, or 12.9%. They have traded in a 52-week range of $0.82 to $5.91.
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) received FDA approval for its anti-obesity drug, Lorcaserin, Wednesday. The news is still driving activity in the stock. The shares have traded in a 52-week range of $1.23 to $13.50.
Amedisys Inc (NASDAQ:AMED): The shares closed at $11.89, down $1.19, or 9.1%. They have traded in a 52-week range of $9.12 to $27.76.
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