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Metropolitan Commits to Greater Water Reliability, Supply Equity for All Member Agencies

Retrieved on: 
Thursday, August 18, 2022 - 12:14am

Affected agencies include Calleguas Municipal Water District, Inland Empire Utilities Agency, Las Virgenes Municipal Water District, Los Angeles Department of Water and Power, Three Valleys Municipal Water District and Upper San Gabriel Valley Municipal Water District.

Key Points: 
  • Affected agencies include Calleguas Municipal Water District, Inland Empire Utilities Agency, Las Virgenes Municipal Water District, Los Angeles Department of Water and Power, Three Valleys Municipal Water District and Upper San Gabriel Valley Municipal Water District.
  • In response to the record drought, Metropolitan has collaborated with its member agencies to develop and apply extraordinary actions aimed at preserving state project water for the communities that need it most.
  • Metropolitan also accelerated its Pure Water Southern California recycled water project to develop a new supply source for the region.
  • The Metropolitan Water District of Southern California is a state-established cooperative that, along with its 26 cities and retail suppliers, provides water for 19 million people in six counties.

Hagens Berman: Class-Action Lawsuit Accuses Ford of Botching “Fix” Doled out for Defect Causing Vehicle Fires in Certain Hybrid Models

Retrieved on: 
Thursday, August 18, 2022 - 12:31am

If you purchased or leased a 2020-2022 Ford Escape, 2022 Ford Maverick or 2021-2022 Lincoln Corsair, contact Hagens Berman to find out more about this issue and your consumer rights against Ford.

Key Points: 
  • If you purchased or leased a 2020-2022 Ford Escape, 2022 Ford Maverick or 2021-2022 Lincoln Corsair, contact Hagens Berman to find out more about this issue and your consumer rights against Ford.
  • Ford admits that the Fire Defect Vehicles suffer from engine manufacturing issues that can cause engine failures involving engine block or oil pan breach.
  • But Fords fix is wholly silent as to this admittedly affected component, the lawsuit states.
  • Fords fix is essentially rearranging deck chairs on the Titanic, said Steve Berman, Hagens Berman co-founder and managing partner.

KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust VII

Retrieved on: 
Wednesday, August 17, 2022 - 11:43pm

KBRA assigns preliminary ratings to $270 million of notes issued by Research-Driven Pagaya Motor Asset Trust VII (RPM VII), an auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to $270 million of notes issued by Research-Driven Pagaya Motor Asset Trust VII (RPM VII), an auto loan ABS transaction.
  • Pagaya Structured Products LLC is a 100% owned subsidiary of Pagaya US Holding Company LLC (formerly known as Pagaya Investments US LLC), which is a 100% owned subsidiary of Pagaya Technologies Ltd. (Pagaya Technologies), an Israeli corporation.
  • This transaction is the third publicly rated securitization sponsored by Pagaya Structured Products LLC (collectively with its affiliates, Pagaya or the Company).
  • Previously, Pagaya US Holding Company LLC served as sponsor for 16 securitizations of unsecured consumer assets.

Grupo Supervielle Reports 2Q22 Results

Retrieved on: 
Wednesday, August 17, 2022 - 11:15pm

Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (Supervielle or the Company) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and six-months period ended June 30, 2022.

Key Points: 
  • Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (Supervielle or the Company) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and six-months period ended June 30, 2022.
  • Starting 1Q20, the Company began reporting results applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (IAS 29) as established by the Central Bank.
  • Excluding non-recurring severance charges, Supervielle would have delivered net loss of AR$1.2 billion in 2Q22, with adjusted ROAE in real terms at approximately negative 6.8%, compared to 2.9% in previous quarter.
  • 2Q22 Tier 1 Capital Ratio evolution reflects the growth of loan portfolio above inflation and impact of net results.

United States Steel Corporation, Big River Steel LLC and BRS Finance Corp. Commence Tender Offers to Purchase for Cash $300,000,000 Aggregate Principal Amount of Securities

Retrieved on: 
Wednesday, August 17, 2022 - 11:52pm

The Total Consideration includes the early tender premium for such series of Securities also set forth in the table above (the Early Tender Premium).

Key Points: 
  • The Total Consideration includes the early tender premium for such series of Securities also set forth in the table above (the Early Tender Premium).
  • Holders must validly tender and not subsequently validly withdraw their Securities at or prior to the Early Tender Date in order to be eligible to receive the Total Consideration for such Securities purchased in the Tender Offers.
  • The Offerors have retained Goldman, Sachs & Co. LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC to serve as Dealer Managers for the Tender Offers.
  • Holders of Securities must make their own decision as to whether to tender their Securities and, if so, the principal amount of such Securities to tender.

Napoli Shkolnik Clients Lake and Trumbull Counties Awarded $650 Million from Defendants CVS, Walgreens and Walmart

Retrieved on: 
Wednesday, August 17, 2022 - 11:14pm

Judge Polster ruled that CVS, Walgreens and Walmart must pay over $650 million over 15 years and set up an abatement program for Lake and Trumbull counties.

Key Points: 
  • Judge Polster ruled that CVS, Walgreens and Walmart must pay over $650 million over 15 years and set up an abatement program for Lake and Trumbull counties.
  • The funds will be used in programs to address the fallout from opioid abuse their marketing of opioids caused.
  • On behalf of Napoli Shkolnik clients Lake and Trumbull Counties, who have been devastated by the opioid crisis, we salute the opioid MDL lawyers and trial team for this landmark victory, said Shkolnik.
  • Napoli Shkolnik partners Hunter Shkolnik, Salvatore Badala, Joseph Ciaccio, and the firms Opioid Trial Team represented Nassau County in that trial.

EQUITY ALERT: Rosen Law Firm Encourages Blueprint Medicines Corporation Investors to Inquire About Class Action Investigation – BPMC

Retrieved on: 
Wednesday, August 17, 2022 - 11:10pm

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Blueprint Medicines Corporation (NASDAQ: BPMC) resulting from allegations that Blueprint Medicines may have issued materially misleading business information to the investing public.

Key Points: 
  • WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Blueprint Medicines Corporation (NASDAQ: BPMC) resulting from allegations that Blueprint Medicines may have issued materially misleading business information to the investing public.
  • The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company.

Gabelli Merger Plus+ Trust plc Update on Share Purchase Offer

Retrieved on: 
Wednesday, August 17, 2022 - 11:49pm

Gabelli Funds, LLC, the investment adviser of Gabelli Merger Plus+ Trust plc (the Company), is providing shareholders, as general information, certain details of the Companys tender offer to purchase certain Ordinary Shares (Offer) in advance of publication of the Offering Circular (Circular), and follows the Companys March 23, 2022 announcement.

Key Points: 
  • Gabelli Funds, LLC, the investment adviser of Gabelli Merger Plus+ Trust plc (the Company), is providing shareholders, as general information, certain details of the Companys tender offer to purchase certain Ordinary Shares (Offer) in advance of publication of the Offering Circular (Circular), and follows the Companys March 23, 2022 announcement.
  • Shareholders should contact Gabelli Funds at GMPteam@gabelli.com to ensure their necessary evidentiary supporting materials are satisfactory and for any general assistance.
  • The Gabelli Merger Plus+ Trust (GMP) was launched in July 2017 to access Gabellis long term efforts in merger investing.
  • The investment backdrop for the Gabelli Merger Plus+ Trust is robust and positively oriented for returns.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Sema4 Holdings Corp. (SMFR, SMFRW) on Behalf of Investors

Retrieved on: 
Wednesday, August 17, 2022 - 11:30pm

Glancy Prongay & Murray LLP (GPM), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Sema4 Holdings Corp. (Sema4 or the Company) (NASDAQ: SMFR , SMFRW ) investors concerning the Companys possible violations of the federal securities laws.

Key Points: 
  • Glancy Prongay & Murray LLP (GPM), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Sema4 Holdings Corp. (Sema4 or the Company) (NASDAQ: SMFR , SMFRW ) investors concerning the Companys possible violations of the federal securities laws.
  • Less than a year later, on June 14, 2022, Sema4 announced that its Chief Financial Officer had departed.
  • Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

CI&T Acquires Transpire to Enhance its Growth in Australia and APAC

Retrieved on: 
Wednesday, August 17, 2022 - 11:59pm

CI&T (NYSE: CINT), a global digital specialist, announces today the execution of a sale and purchase agreement to acquire Transpire Technology Pty Ltd ("Transpire"), an award-winning Australian technology consultancy, to enhance its growth in APAC.

Key Points: 
  • CI&T (NYSE: CINT), a global digital specialist, announces today the execution of a sale and purchase agreement to acquire Transpire Technology Pty Ltd ("Transpire"), an award-winning Australian technology consultancy, to enhance its growth in APAC.
  • Since 2009, Transpire has been the trusted technology partner of some of Australias most innovative organisations, including Vodafone, Virgin Australia and ASX200 listed companies.
  • Headquartered in Melbourne, with team members across Australia, Transpire delivers digital experiences across several verticals, with a solid design-led, mobile-first, cloud-native approach.
  • In 2022, Transpire was certified a Great Place to Work, recognising its leading workplace culture in Australia.