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“The company is not only lowering its cost of debt capitalbut also building a war chest to fuel future growth,” saidCanaccord Adams analyst Yuri Lynk said in a recent note. Canada’s biggest engineering company said the deal booststhe value of its infrastructure concession investments, an areaseen having strong potential for growth thanks in part to heavygovernment stimulus spending on infrastructure programs. The move comes after SNC announced a big debt offering lastweek, partly to fund the “many infrastructure concessioninvestment and business acquisitions opportunities” it sees. It will also use the C$350 million, 6.19 percent debtoffering to retire C$105 million in existing 7.7 percentdebentures due September, 2010. dollars unless noted) OTTAWA, July 2 (Reuters) – SNC-Lavalin Group Inc (SNC.TO)said on Thursday it will invest $70 million for a 20 percentstake of Astoria Energy II, which is developing a natural gaspower plant in New York City.

Gibson, of The Gibson Law Firm, stated, “The Jacksons, likemany retirees and other prudent investors, were misled by the defendants whoperpetuated the scheme by issuing quarterly ‘updates’ claiming that DLG wasinvesting their funds in real estate and that their funds were growing. Whilethe financial news lately focuses on the Madoffs and Stanfords of the world,the alleged fraud in this case is no less appalling. Safe EquityPlanning, LLC, et al.,” in the District Court of Harris County, Texas, 164thJudicial District (Cause No 2009-41385).SOURCEThe Gibson Law FirmJason A Gibson of The Gibson Law Firm, +1-713-650-1010. * Buys 20 percent stake in NYC’s Astoria Energy II Stocks  |  Mergers & Acquisitions * Looks to build war chest to fund new acquisitions (Figures in U.S. Friedman also is accused ofpersonally misappropriating millions to support his lavish lifestyle.On March 4, 2009, the SEC charged Friedman and DLG with securities fraud andobtained an emergency court order to freeze DLG’s assets. The SEC issued astatement acknowledging “investors were lured into this alleged scheme basedon misrepresentations about the true nature of the securities.” Cease anddesist orders have been issued against DLG and Friedman in numerous states. Todate, only about $400,000 of the $217 million invested in DLG has beenrecovered, according to the SEC.Attorney Jason A.

CorporationAndy Hilton, +Copyright Business Wire 2009. Texas Couple Sues Over Losses in Alleged Ponzi Scheme, According to The GibsonLaw FirmHOUSTON, July 2 /PRNewswire/ — A retired Deer Park, Texas couple is suing theinvestment firms that allegedly sent $515,000 of their retirement funds to aCalifornia firm accused of massive fraud by the U.S. Securities and ExchangeCommission, according to The Gibson Law Firm which represents the couple.The lawsuit filed on behalf of Jonathan David Jackson and Brenda Jacksonalleges that they were recruited by two Texas and California securities firmsto invest in Diversified Lending Group, Inc. (DLG) which has been charged,along with founder Bruce Friedman, with fraud by the SEC.According to the petition filed in Texas state court, the Jacksons were toldin 2007 “…that their funds would be invested in real estate and mortgageloans and provided them with a ‘Welcome Packet’ that reassured them of thesame.” Instead, the lawsuit alleges, DLG used investor funds to purchaseauction rate securities, support Friedman’s “charitable foundation” andfinance other non-real estate activities. With aheritage of innovation, ITT partners with its customers to deliver extraordinarysolutions that create more livable environments, provide protection and safetyand connect our world.