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Lost Money in Lightspeed Commerce Inc.?

Tuesday, November 30, 2021 - 7:01pm

Shares of Lightspeed Commerce Inc. dropped 12% on September 29, 2021, after a Spruce Point Capital Management report claimed Lightspeed massively overstated its customer count and aggressively promoted other misleading metrics to hide poor revenue growth.

Key Points: 
  • Shares of Lightspeed Commerce Inc. dropped 12% on September 29, 2021, after a Spruce Point Capital Management report claimed Lightspeed massively overstated its customer count and aggressively promoted other misleading metrics to hide poor revenue growth.
  • Gibbs Law Group is investigating a potential Lightspeed Securities Class Action Lawsuit on behalf of investors who lost money in Lightspeed (NASDAQ: LSPD).
  • On Wednesday, September 29, 2021, short firm Spruce Point Capital Management released a report denouncing commerce platform company Lightspeed for allegedly misleading investors by inflating its growth prospects.
  • For example, the report claims Lightspeed overstat[ed] its customer count by 85% before it IPOd in September 2020.

Tapestry, Inc. Announces Pricing for its Cash Tender Offer

Tuesday, November 30, 2021 - 7:01pm

The reference yields for the Tender Offer were determined at 10:00 a.m., New York City time, on November 30, 2021.

Key Points: 
  • The reference yields for the Tender Offer were determined at 10:00 a.m., New York City time, on November 30, 2021.
  • The Tender Offer is being made pursuant to, and subject to the terms and conditions in, an Offer to Purchase, dated November 15, 2021 (as amended or supplemented from time to time the Offer to Purchase), which sets forth a description of the terms of the Tender Offer.
  • This press release is neither an offer to purchase securities nor a solicitation of participation in the Tender Offer.
  • The Tender Offer is being made solely pursuant to the terms and conditions set forth in the Offer to Purchase.

Immunomic Therapeutics Announces Open Enrollment for RENEW Clinical Study of CMV RNA-Pulsed Dendritic Cell Vaccine for the Treatment of Newly-Diagnosed Glioblastoma Patients

Tuesday, November 30, 2021 - 7:01pm

This is an extension of the Phase 2 ATTAC-II study ( NCT02465268 ) where eligibility is limited to those patients who have had surgery but have not yet received chemoradiation.

Key Points: 
  • This is an extension of the Phase 2 ATTAC-II study ( NCT02465268 ) where eligibility is limited to those patients who have had surgery but have not yet received chemoradiation.
  • ITIs dendritic cell vaccine is designed to target the pp65 viral antigen of Cytomegalovirus (CMV) that is expressed in GBM, but not in normal brain cells.
  • This dendritic cell vaccine is then returned to the patient.
  • The ATTAC-II study ( NCT02465268 ) is a Phase II randomized, placebo-controlled clinical trial enrolling patients with newly diagnosed GBM that will explore whether dendritic cell (DC) vaccines, including ITI-1000, targeting the CMV antigen pp65 improves survival.

Blade Air Mobility to Present at the Credit Suisse 25th Annual Technology Conference

Tuesday, November 30, 2021 - 6:51pm

Blade Air Mobility, Inc. (NASDAQ: BLDE, Blade), a technology-powered global air mobility platform, today announced that CEO, Rob Wiesenthal, will present at the Credit Suisse 25th Annual Technology Conference.

Key Points: 
  • Blade Air Mobility, Inc. (NASDAQ: BLDE, Blade), a technology-powered global air mobility platform, today announced that CEO, Rob Wiesenthal, will present at the Credit Suisse 25th Annual Technology Conference.
  • The presentation will take place on Wednesday, December 1, at 1:40 pm ET.
  • A webcast of the event will be available at the link HERE .
  • Blade is a technology-powered, global air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad.

Mark Farrah Associates Assessed Trends in Employer Group Medicare Advantage Membership

Tuesday, November 30, 2021 - 6:50pm

In the latest analysis brief, Mark Farrah Associates (MFA) , provided insights about the current employer-group Medicare Advantage (MA) market and assessed membership trends by carrier and state.

Key Points: 
  • In the latest analysis brief, Mark Farrah Associates (MFA) , provided insights about the current employer-group Medicare Advantage (MA) market and assessed membership trends by carrier and state.
  • As of November 1, 2021, over 279,000 more beneficiaries were enrolled in employer-group MA plans than in December of 2020, a 6% increase according to the Centers for Medicare and Medicaid Services (CMS) Medicare Advantage enrollment reports aggregated by Mark Farrah Associates in Medicare Business Online.
  • As of November 1, 2021, MFA reported approximately 4.9 million members were enrolled in employer-group Medicare Advantage plans, or Medicare Advantage employer-group waiver plans (MA-EGWPs).
  • Mark Farrah Associates Medicare Business Online simplifies the tracking of monthly Medicare Advantage and PDP enrollment by competitor.

AveriSource Achieves AWS Migration and Modernization Competency Status

Tuesday, November 30, 2021 - 6:49pm

AveriSource, a provider of Mainframe and AS/400 Application Modernization software and solutions, announced today that it has achieved Amazon Web Services (AWS) Migration and Modernization Competency status for AWS Partners.

Key Points: 
  • AveriSource, a provider of Mainframe and AS/400 Application Modernization software and solutions, announced today that it has achieved Amazon Web Services (AWS) Migration and Modernization Competency status for AWS Partners.
  • AWS launched the AWS Migration and Modernization Competency to allow customers to easily and confidently engage highly specialized AWS Partners that help AWS customers modernize their applications, either before or after they are moved to AWS.
  • The AWS Migration and Modernization Competency takes on the heavy lifting of identifying and validating industry leaders with proven customer success and technical proficiency in migration and application modernization tooling.
  • AveriSource is proud to be one of the first AWS Partners to achieve the new AWS Migration & Modernization Competency status, said David Gutzman, Managing Partner, AveriSource.

Rapid PCR-Quality Detect Covid-19 Test Accurately Recognizes Omicron Variant (B.1.1.529) With Its Advanced Molecular Test Design

Tuesday, November 30, 2021 - 6:49pm

Detect, Inc. , a Connecticut-based health technology company, announced today that its PCR-quality, at-home rapid molecular Detect Covid-19 Test recognizes the Omicron (B.1.1.529) SARS CoV-2 variant.

Key Points: 
  • Detect, Inc. , a Connecticut-based health technology company, announced today that its PCR-quality, at-home rapid molecular Detect Covid-19 Test recognizes the Omicron (B.1.1.529) SARS CoV-2 variant.
  • Detects comprehensive bioinformatics analysis indicates that the Detect Covid-19 Test will identify Omicron as accurately as it recognizes the other major Covid-19 variants.
  • View the full release here: https://www.businesswire.com/news/home/20211130005985/en/
    The Detect Covid-19 Test identifies Omicron as accurately as it recognizes other major Covid-19 variants and will be available for purchase via Detect.com starting in mid-December.
  • Once available, it will be the lowest cost, PCR-quality test on the market among a new class of rapid molecular tests.

AM Best Affirms Credit Ratings of RLI Corp. and Its Subsidiaries

Tuesday, November 30, 2021 - 6:45pm

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa (Superior) of the members of RLI Group (RLI).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of aa (Superior) of the members of RLI Group (RLI).
  • In addition, AM Best has affirmed the Long-Term ICR of a (Excellent) of RLIs publicly traded parent holding company, RLI Corp. [NYSE: RLI].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Public Health Releases New Report Showing Food Insecurity a Growing Concern

Tuesday, November 30, 2021 - 6:45pm

Today, the Los Angeles County Department of Public Health (Public Health) released a new report showing that while food insecurity in Los Angeles County had trended downward prior to 2020, deep racial and economic disparities in access to and affordability of healthy food persisted.

Key Points: 
  • Today, the Los Angeles County Department of Public Health (Public Health) released a new report showing that while food insecurity in Los Angeles County had trended downward prior to 2020, deep racial and economic disparities in access to and affordability of healthy food persisted.
  • The report includes forward-thinking strategies for reducing food insecurity and improving food equity in Los Angeles County.
  • Recommended strategies from the report for reducing food insecurity and improving food equity in Los Angeles County include:
    Promoting health equity by understanding and addressing the important relationship between food equity and racial equity.
  • To learn more about Los Angeles County Public Health, please visit www.publichealth.lacounty.gov , and follow LA County Public Health on social media at twitter.com/lapublichealth , facebook.com/lapublichealth , instagram.com/lapublichealth and youtube.com/lapublichealth .

Dorsey Partner Erin Bryan Named to TMA Minnesota Chapter Board of Directors

Tuesday, November 30, 2021 - 6:43pm

International law firm Dorsey & Whitney LLP is pleased to announce that Erin Bryan, a partner in the Firms Finance & Restructuring Group has been named to the Turnaround Management Association (TMA) Minnesota Chapter Board of Directors.

Key Points: 
  • International law firm Dorsey & Whitney LLP is pleased to announce that Erin Bryan, a partner in the Firms Finance & Restructuring Group has been named to the Turnaround Management Association (TMA) Minnesota Chapter Board of Directors.
  • View the full release here: https://www.businesswire.com/news/home/20211130005976/en/
    Congratulations to Erin Bryan, a partner in the Firms Finance & Restructuring Group on being named to the Turnaround Management Association (TMA) Minnesota Chapter Board of Directors.
  • (Photo: Dorsey & Whitney LLP)
    The Turnaround Management Association is the leading organization dedicated to turnaround management, corporate restructuring, and distressed investing.
  • We are very pleased that Erin has been named to the TMAs Board of Directors, noted Dorsey Managing Partner Bill Stoeri.