Business law

DAVIDsTEA Obtains Claims Process Order under CCAA

Thursday, September 17, 2020 - 11:24pm

MONTREAL, Sept. 17, 2020 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (DAVIDsTEA or the Company), a leading tea merchant in NorthAmerica, announces that the Qubec Superior Court today issued a Claims Process Order establishing the claims procedures for the Companys creditors under the Companies Creditors Arrangement Act (CCAA).

Key Points: 
  • MONTREAL, Sept. 17, 2020 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (DAVIDsTEA or the Company), a leading tea merchant in NorthAmerica, announces that the Qubec Superior Court today issued a Claims Process Order establishing the claims procedures for the Companys creditors under the Companies Creditors Arrangement Act (CCAA).
  • (eastern time) on November6, 2020 as the time by which creditors of DAVIDsTEA and of DAVIDsTEA (USA) Inc., its wholly-owned U.S. subsidiary, must submit their claims to PwC, the Court-appointment Monitor.
  • The Company will continue to provide updates throughout the CCAA restructuring process as events warrant.
  • A selection of DAVIDsTEA products is also available in more than 2,500 grocery stores and pharmacies across Canada.

Paradise, Inc. Announces Third Distribution to Shareholders

Thursday, September 17, 2020 - 7:00pm

Consistent with its expectations as communicated in its letter to shareholders dated July 8, 2019, which accompanied its definitive proxy statement filed with the Securities and Exchange Commission that day (the "Proxy Statement"), its letter to shareholders dated September 12, 2019 in connection with the initial distribution to shareholders, and its letter to shareholders dated July 21, 2020 in connection with the second distribution to shareholders, the Company will be making a third distribution to its shareholders, consisting largely of the proceeds from the sale of its land and buildings (the "Third Distribution").

Key Points: 
  • Consistent with its expectations as communicated in its letter to shareholders dated July 8, 2019, which accompanied its definitive proxy statement filed with the Securities and Exchange Commission that day (the "Proxy Statement"), its letter to shareholders dated September 12, 2019 in connection with the initial distribution to shareholders, and its letter to shareholders dated July 21, 2020 in connection with the second distribution to shareholders, the Company will be making a third distribution to its shareholders, consisting largely of the proceeds from the sale of its land and buildings (the "Third Distribution").
  • The Third Distribution will be paid on or after September 29, 2020 to shareholders of record as of the close of business on September 28, 2020.
  • The Company expects to file shortly its Articles of Dissolution as part of its Plan of Complete Liquidation and Dissolution approved by its shareholders at the 2019 Annual Meeting of Shareholders held on July 29, 2019.
  • This period is expected to end with a final liquidating distribution to shareholders; however, the Company's ability to make such a distribution and its timing and amount depend on a number of factors that are uncertain and as to which it can provide no assurances.

Form 8.3 - The Vanguard Group, Inc.: Willis Towers Watson plc

Thursday, September 17, 2020 - 3:06pm

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.

Form 8.3 - The Vanguard Group, Inc.: Aon plc

Thursday, September 17, 2020 - 3:06pm

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.

Key Points: 
  • Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities under any option referred to on this form or relating to the voting rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced.
  • If none, this should be stated.

ExchangeRight Fully Subscribes $44.5 Million Offering Focused Exclusively on Essential Businesses

Thursday, September 17, 2020 - 2:00pm

ExchangeRight has fully subscribed its $44.5 million Net-Leased Portfolio 36 DST offering.

Key Points: 
  • ExchangeRight has fully subscribed its $44.5 million Net-Leased Portfolio 36 DST offering.
  • The offering launched on July 1 with fixed-rate financing with an annual rate of 3.75% and a weighted-average lease term of 10.2 years.
  • ExchangeRights current monthly distribution to investors is 6.18% with targeted annual growth resulting from contractual rent increases written into the portfolios leases.
  • The company sources, syndicates, and strategically manages long-term, net-leased assets backed by investment-grade corporations that operate essential businesses successfully in the necessity-based retail and healthcare industries.

CURRENT SHAREHOLDERS: Zamansky LLC Investigates the Board and Officers of Nikola Corp. (NKLA)

Thursday, September 17, 2020 - 2:28pm

Zamansky LLC is investigating the Board of Directors and Officers of Nikola Corporation (NASDAQ: NKLA) for potential breach of fiduciary duty to the company and its shareholders.

Key Points: 
  • Zamansky LLC is investigating the Board of Directors and Officers of Nikola Corporation (NASDAQ: NKLA) for potential breach of fiduciary duty to the company and its shareholders.
  • Our law firm is investigating NKLAs Board of Directors and Officers for potential breach of fiduciary duty to the company and its shareholders.
  • If you are a current shareholder of Nikola who still holds your stock, please contact us to review or discuss your legal rights.
  • Zamansky LLC is a leading investment fraud law firm with experience handling securities, hedge fund, ERISA and other shareholder class action and derivative litigation.

Fair Bolsters Used Car Platform With 2-Year, 3-Year Leases

Thursday, September 17, 2020 - 2:00pm

SANTA MONICA, Calif., Sept. 17, 2020 /PRNewswire/ --Used car leasing platform Fair today announced it is offering 2-year and 3-year leases to complement its month-to-month option, creating a suite of affordable mobility options for drivers, regardless of their flexibility needs.

Key Points: 
  • SANTA MONICA, Calif., Sept. 17, 2020 /PRNewswire/ --Used car leasing platform Fair today announced it is offering 2-year and 3-year leases to complement its month-to-month option, creating a suite of affordable mobility options for drivers, regardless of their flexibility needs.
  • The two new lease options apply to all Fair cars and will offer monthly savings to customers who want to keep their Fair car longer.
  • With the launch of the program, Fair becomes the only at-scale vehicle platform offering pre-owned leases a cost-effective and accessible alternative to new car leases, which are generally more expensive.
  • Fair is a digital used car leasing platform, offering a new way to get an affordable pre-owned car that responds to consumer demand for more freedom.

Reveleer Expands Its Healthcare Authority, Appoints New Members to Board of Directors

Wednesday, September 16, 2020 - 11:00pm

Scott Law is a seasoned healthcare executive with over 35 years of experience, and now board member at Reveleer.

Key Points: 
  • Scott Law is a seasoned healthcare executive with over 35 years of experience, and now board member at Reveleer.
  • Bright and Mr. Law's appointment deepens the Board of Directors' expertise in healthcare and the complex management of government programs.
  • "Both Yvette and Scott are accomplished business leaders and experienced board members," said Jay Ackerman, CEO and President of Reveleer.
  • "We are confident they will add great value to our Board of Directors and Reveleer will benefit from their insights, judgment and counsel."

America First Multifamily Investors, L.P. Announces Third Quarter of 2020 Distribution

Wednesday, September 16, 2020 - 9:15pm

OMAHA, Neb., Sept. 16, 2020 (GLOBE NEWSWIRE) -- On September 16, 2020, America First Multifamily Investors, L.P. (NASDAQ: ATAX) (the Partnership or ATAX) announced that the Board of Managers of Greystone AF Manager LLC, which is the general partner of America First Capital Associates Limited Partnership Two, the Partnerships general partner (the General Partner), declared a quarterly cash distribution to the Partnerships Beneficial Unit Certificate (BUC) holders of $0.06 per BUC, payable on October 30, 2020 to BUC holders of record as of the close of trading on September 30, 2020.

Key Points: 
  • OMAHA, Neb., Sept. 16, 2020 (GLOBE NEWSWIRE) -- On September 16, 2020, America First Multifamily Investors, L.P. (NASDAQ: ATAX) (the Partnership or ATAX) announced that the Board of Managers of Greystone AF Manager LLC, which is the general partner of America First Capital Associates Limited Partnership Two, the Partnerships general partner (the General Partner), declared a quarterly cash distribution to the Partnerships Beneficial Unit Certificate (BUC) holders of $0.06 per BUC, payable on October 30, 2020 to BUC holders of record as of the close of trading on September 30, 2020.
  • The BUCs will trade ex-distribution as of September 28, 2020.
  • The General Partner will continue to review the Partnerships distribution policy from time to time, and the declaration, timing, amount, and payment of future distributions remain at the determination of the General Partner.
  • About America First Multifamily Investors, L.P.
    America First Multifamily Investors, L.P. was formed on April 2, 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing for affordable multifamily, student housing and commercial properties.The Partnership is pursuing a business strategy of acquiring additional mortgage revenue bonds and other investments on a leveraged basis.

DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Energy Recovery, Inc. and Encourages Investors to Contact the Firm

Wednesday, September 16, 2020 - 8:00pm

Investors have until September 21, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until September 21, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • Under the terms of the Schlumberger Licensing Agreement, Schlumberger paid $75 million exclusivity fee and was to pay an additional $50 million milestone payments in 2016.
  • This news caused a sharp decline in the price of Energy Recovery shares, which fell 15.8%, to close at $7.59 on June 30, 2020.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.