Corporate law

ESMA updates its opinion on ancillary activity calculations

Saturday, July 11, 2020 - 12:04am

10 July 2020

Key Points: 
  • 10 July 2020

    MiFID - Secondary Markets

    The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, published today an updated Opinion on ancillary activity calculations.

  • The opinion provides the estimation of the market size of commodity derivatives and emission allowances for 2019.
  • ESMA has prepared these estimations based on data reported to the ESMA FITRS system as well as data reported to trade repositories under EMIR.
  • In issuing this opinion, ESMA considers that the guidance on market size will contribute positively to the consistency of supervisory practices and will ensure a uniform approach throughout the Union.

Mercurity Fintech Holding Inc. Announced Changes to Board Composition

Friday, July 10, 2020 - 9:05pm

BEIJING, July 10, 2020 /PRNewswire/ -- Mercurity Fintech Holding Inc. (the "Company" or "MFH") (Nasdaq: MFH) today announced that Mr. Samuel Y. Shen has been appointed as independent director to the Company's board of directors (the "Board") and a member of the compensation committee of the Board.

Key Points: 
  • BEIJING, July 10, 2020 /PRNewswire/ -- Mercurity Fintech Holding Inc. (the "Company" or "MFH") (Nasdaq: MFH) today announced that Mr. Samuel Y. Shen has been appointed as independent director to the Company's board of directors (the "Board") and a member of the compensation committee of the Board.
  • Concurrently, Mr. Min Zhou has resigned from the Board, the audit committee of the Board and the compensation committee of the Board for personal reasons.
  • Mr. Samuel Y. Shen has been in the internet and technology industries for more than 20 years.
  • At the same time, we are pleased to welcome Mr. Samuel Y. Shen as our new Board member.

Western Asset Middle Market Debt Fund Inc. (XWAMX), Western Asset Middle Market Income Fund Inc. (XWMFX), Announce New Record Date and Rescheduling of July 6, 2020 Special Meeting of Shareholders

Friday, July 10, 2020 - 3:25pm

For each Fund, the Meeting will be held at the following Meeting website: http://www.meetingcenter.io/230290071 .

Key Points: 
  • For each Fund, the Meeting will be held at the following Meeting website: http://www.meetingcenter.io/230290071 .
  • To participate in the Meeting, shareholders of each Fund must enter the following password: LMP2020.
  • Please note that shareholders will have received an updated control number relating to the July 20, 2020 record date.
  • Shareholders may vote during the Meeting by following the instructions available on the Meeting website during the Meeting.

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

Friday, July 10, 2020 - 3:03pm

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

Friday, July 10, 2020 - 3:03pm

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.

scPharmaceuticals Appoints Sara Bonstein to Board of Directors

Friday, July 10, 2020 - 1:00pm

scPharmaceuticals Inc. (Nasdaq: SCPH), a pharmaceutical company focused on developing and commercializing products that have the potential to optimize the delivery of infused therapies, advance patient care, and reduce healthcare costs, today announced the appointment of Sara Bonstein to its Board of Directors.

Key Points: 
  • scPharmaceuticals Inc. (Nasdaq: SCPH), a pharmaceutical company focused on developing and commercializing products that have the potential to optimize the delivery of infused therapies, advance patient care, and reduce healthcare costs, today announced the appointment of Sara Bonstein to its Board of Directors.
  • Ms. Bonstein fills the vacancy created from Dorothy Colemans resignation from the Board of Directors.
  • We are also very pleased to welcome Sara to our Board of Directors.
  • I am honored to be appointed to serve as a member of the Board for scPharmaceuticals, said Ms. Bonstein.

BioHiTech Global Appoints Walter Littlejohn III as an Independent Member of Its Board of Directors

Friday, July 10, 2020 - 12:00pm

CHESTNUT RIDGE, N.Y., July 10, 2020 /PRNewswire/ --BioHiTech Global, Inc. ("BioHiTech" or the "Company") (NASDAQ: BHTG), a technology and services company that provides cost-effective and sustainable environmental management solutions, today announced the appointment of Walter Littlejohn III as an independent member of the Company's Board of Directors.

Key Points: 
  • CHESTNUT RIDGE, N.Y., July 10, 2020 /PRNewswire/ --BioHiTech Global, Inc. ("BioHiTech" or the "Company") (NASDAQ: BHTG), a technology and services company that provides cost-effective and sustainable environmental management solutions, today announced the appointment of Walter Littlejohn III as an independent member of the Company's Board of Directors.
  • As a Regional Sales Manager for Carnival Cruise Lines, he managed sales for a network of over 1,000 independent travel agents.
  • "We are pleased to add Walter as an independent member of BioHiTech's Board of Directors as we continue to strengthen the leadership of our company," said Frank E. Celli, BioHiTech's Chief Executive Officer.
  • Mr. Littlejohn added, "I am eager to accept this opportunity to join BioHiTech's Board of Directors and work with this talented team of professionals.

Notice Regarding the Terms and Conditions Concerning the Issuance of Stock-Compensation-Type Stock Options (Stock Acquisition Rights)

Friday, July 10, 2020 - 9:33am

TOKYO, July 10, 2020 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (IIJ, the Company, TSE1: 3774) hereby announces that it has determined the remaining terms and conditions concerning the issuance of stock-compensation-type stock options (Stock Acquisition Rights), resolved by the IIJs Board of Directors on June 24, 2020, to be allotted to Directors (excluding Part-time and Outside Directors) and Executive Officers of IIJ, as follows.

Key Points: 
  • TOKYO, July 10, 2020 (GLOBE NEWSWIRE) -- Internet Initiative Japan Inc. (IIJ, the Company, TSE1: 3774) hereby announces that it has determined the remaining terms and conditions concerning the issuance of stock-compensation-type stock options (Stock Acquisition Rights), resolved by the IIJs Board of Directors on June 24, 2020, to be allotted to Directors (excluding Part-time and Outside Directors) and Executive Officers of IIJ, as follows.
  • The Stock Acquisition Rights are allotted to Directors (excluding Part-time and Outside Directors) and Executive Officers of IIJ by offsetting their monetary remuneration claims against the Company and their obligations to pay for the allotment of the Stock Acquisition Rights.
  • Persons to be allotted the stock acquisition rights, number of persons, and number of stock acquisition rights to be allotted:

Robbins LLP Announces It Is Investigating the Officers and Directors of Sonic Automotive, Inc. (SAH) on Behalf of Shareholders

Thursday, July 9, 2020 - 9:26pm

Shareholder rights law firm Robbins LLP announces it investigating whether certain officers and directors of Sonic Automotive, Inc. (NYSE: SAH) breached their fiduciary duties to shareholders. Sonic operates as an automotive retailer in the United States.

Key Points: 

Shareholder rights law firm Robbins LLP announces it investigating whether certain officers and directors of Sonic Automotive, Inc. (NYSE: SAH) breached their fiduciary duties to shareholders. Sonic operates as an automotive retailer in the United States.
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SHAREHOLDER ALERT: Investigation of Mohawk Announced by Holzer & Holzer, LLC

Thursday, July 9, 2020 - 8:41pm

Holzer & Holzer, LLC is investigating whether Mohawk Industries, Inc. (Mohawk or the Company) (NYSE: MHK) has complied with federal securities laws.

Key Points: 
  • Holzer & Holzer, LLC is investigating whether Mohawk Industries, Inc. (Mohawk or the Company) (NYSE: MHK) has complied with federal securities laws.
  • A recently filed shareholder class action lawsuit alleges that Mohawk used fictitious sales to boost revenue artificially since 2017.
  • Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation.
  • Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.