Deception

Investor Notice: Robbins LLP Informs Investors of Class Action Filed Against Lyft, Inc. (LYFT)

Retrieved on: 
Wednesday, March 6, 2024

According to the complaint, Lyft issued a press release and accompanying Supplement Data announcing its year-end and fourth quarter 2023 operating results after the close of the market (at 4:05 p.m.) on February 13, 2024. The Lyft press release and Supplemental Data (at page 10) misrepresented in a bulleted line item that Lyft anticipated “Adjusted EBITDA [Earnings Before Interest Taxes Depreciation and Amortization] margin expansion (calculated as a percentage of Gross Bookings) of approximately 500 basis points year-over-year.” Inasmuch as Lyft had reported 2023 EBITDA margins of approximately 1.6%, a 500 basis point (or 5.0%) margin expansion would have increased profitability to 6.6% -- or by over three times historical results. News services and stock analysts reported promptly on the four-fold anticipated increase in profitability. However, the 500 basis point margin expansion was stated in error; in reality, the basis point margin expansion was just 50 points.

Key Points: 
  • For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
  • However, the 500 basis point margin expansion was stated in error; in reality, the basis point margin expansion was just 50 points.
  • A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.
  • If you choose to take no action, you can remain an absent class member.

Red Sift Doubles Down on Mission to Help Safeguard Retail and Hospitality Organizations from Brand Abuse

Retrieved on: 
Thursday, February 29, 2024

Red Sift today announced that it has extended its partnership with The Retail & Hospitality Information Sharing and Analysis Center (RH-ISAC), doubling down on its mission to safeguard retail and hospitality organizations.

Key Points: 
  • Red Sift today announced that it has extended its partnership with The Retail & Hospitality Information Sharing and Analysis Center (RH-ISAC), doubling down on its mission to safeguard retail and hospitality organizations.
  • The shift to eCommerce has clear benefits for retail and hospitality businesses in today’s digital-first world, but it also expands their digital footprint.
  • Domain impersonation is one of the primary and most powerful techniques that bad actors leverage to abuse a brand.
  • “Red Sift’s collaboration with the RH-ISAC has significantly advanced our role in improving cybersecurity and protecting the retail and hospitality industry as a whole,” said Rahul Powar, CEO of Red Sift.

ACI: Time to Unravel “Deliberate Deception” on Banning Detergent Pods

Retrieved on: 
Monday, February 26, 2024

“Detergent films are made of a very specific type of PVA, chosen for its ability to readily dissolve and degrade.

Key Points: 
  • “Detergent films are made of a very specific type of PVA, chosen for its ability to readily dissolve and degrade.
  • There are more than 50 years of published science that supports the safety and efficacy of PVA used in laundry and detergent pods.
  • The compact nature of the highly concentrated pods results in reduced shipping costs and ultimately, a lower carbon footprint.
  • Millions of Americans utilize detergent pods every single day due to their convenience and efficiency, as well as allowing a more sustainable option for the environment.

More than nine in 10 Canadian companies victimized by fraud fear AI-generated deepfakes will accelerate risks, KPMG in Canada survey finds

Retrieved on: 
Thursday, March 7, 2024

As fraudsters are becoming increasingly sophisticated in their attack methods, it's more and more challenging to deter criminals," he says."

Key Points: 
  • As fraudsters are becoming increasingly sophisticated in their attack methods, it's more and more challenging to deter criminals," he says."
  • Just over four in 10 companies victimized by fraud are currently experiencing internal fraud, while one third are currently experiencing external fraud, the survey data shows.
  • These tools are fast-becoming essentials in the fraud toolkit to prevent fraudsters from gaining the upper hand.
  • But if you don't perform regular fraud risk assessments to identify external and internal risks and vulnerabilities, you will always be at a disadvantage."

Life Time Shares Five Common Food Imposters to Promote Healthy Choices this National Nutrition Month

Retrieved on: 
Wednesday, March 6, 2024

CHANHASSEN, Minn., March 6, 2024  /PRNewswire/ -- The landscape of food is complex – and it's only getting worse. Ensuring you're buying genuine, healthy ingredients is increasingly challenging because of misleading labels on products that mask bad items in otherwise healthy-looking choices at the grocery store.

Key Points: 
  • Ensuring you're buying genuine, healthy ingredients is increasingly challenging because of misleading labels on products that mask bad items in otherwise healthy-looking choices at the grocery store.
  • To help everyone recognize the good from the bad, Life Time (NYSE: LTH), offers five "healthy" food favorites that can sneakily hide harmful fillers and cheap, unhealthy substitutes.
  • By avoiding pre-ground coffee, you can eliminate the potential for these imposters and enjoy a fresher-tasting brew.
  • Maple Syrup: Cherished for its natural sweetness, maple syrup – like honey – is one of the most common categories full of imposters.

The Open Wing Alliance Launches Heartless Hospitality Campaign Against Global Travel Leaders For Lacking Progress On Cage-Free Egg Commitments

Retrieved on: 
Tuesday, March 5, 2024

NEW YORK, March 5, 2024 /PRNewswire/ -- Today, the Open Wing Alliance (OWA), a coalition of 100 organizations in 72 countries across six continents, launches a global campaign against prominent hospitality brands falling behind on their global cage-free egg commitments. Hilton Hotels & Resorts, Louvre Hotel Group, and Meliá Hotels International were lauded years ago for pledging to remove cruel cages from their global supply chains but have since failed to report any meaningful progress on those commitments.

Key Points: 
  • NEW YORK, March 5, 2024 /PRNewswire/ -- Today, the Open Wing Alliance (OWA), a coalition of 100 organizations in 72 countries across six continents, launches a global campaign against prominent hospitality brands falling behind on their global cage-free egg commitments.
  • The Heartless Hospitality campaign highlights the glaring disparity between corporate pledges, transparency, and actual progress travel companies have made towards sourcing 100% cage-free eggs.
  • The Heartless Hospitality campaign follows the widespread release of a new animal welfare report: Fair and Fowl: Global Travel Edition .
  • For more information about the Open Wing Alliance, please visit OpenWingAlliance.org and follow along with the global cage-free movement @GlobalCageFree .

Call for Immediate Review of AI Safety Standards Following Research on Large Language Models

Retrieved on: 
Tuesday, February 27, 2024

LONDON, Feb. 27, 2024 /PRNewswire/ -- Recent findings by Anthropic, an AI safety start-up, have highlighted the risks associated with large language models (LLMs), prompting calls for a swift review of AI safety standards.

Key Points: 
  • LONDON, Feb. 27, 2024 /PRNewswire/ -- Recent findings by Anthropic, an AI safety start-up, have highlighted the risks associated with large language models (LLMs), prompting calls for a swift review of AI safety standards.
  • Valentin Rusu, lead machine learning engineer at Heimdal Security and holder of a Ph.D. in AI, insists these findings demand immediate attention.
  • AI systems that act like humans to trick people are a problem for current safety training methods.
  • For more on Valentin Rusu's take on LLM risks and the imperative for enhanced AI safety measures, read the full article here: https://heimdalsecurity.com/blog/llms-can-turn-nasty-machine-learning/ .

Call for Immediate Review of AI Safety Standards Following Research on Large Language Models

Retrieved on: 
Tuesday, February 27, 2024

LONDON, Feb. 27, 2024 /PRNewswire/ -- Recent findings by Anthropic, an AI safety start-up, have highlighted the risks associated with large language models (LLMs), prompting calls for a swift review of AI safety standards.

Key Points: 
  • LONDON, Feb. 27, 2024 /PRNewswire/ -- Recent findings by Anthropic, an AI safety start-up, have highlighted the risks associated with large language models (LLMs), prompting calls for a swift review of AI safety standards.
  • Valentin Rusu, lead machine learning engineer at Heimdal Security and holder of a Ph.D. in AI, insists these findings demand immediate attention.
  • AI systems that act like humans to trick people are a problem for current safety training methods.
  • For more on Valentin Rusu's take on LLM risks and the imperative for enhanced AI safety measures, read the full article here: https://heimdalsecurity.com/blog/llms-can-turn-nasty-machine-learning/ .

Federal Judge Enters Judgment in Favor of Developer of Coachillin Business Park; Rejects Parcel Owner's Baseless Claims

Retrieved on: 
Friday, February 16, 2024

Federal Judge Enters Judgment in Favor of Developer of Coachillin Business Park; Rejects Parcel Owner's Baseless Claims

Key Points: 
  • Federal Judge Enters Judgment in Favor of Developer of Coachillin Business Park; Rejects Parcel Owner's Baseless Claims
    In a complete reversal from their initial allegations, the parcel owner agreed that the assessments, late charges, interest, and collection costs were all levied properly and consistent with the development's CC&Rs and that the assessments were all fair and reasonable.
  • In addition to the Federal court judgment, three other parcel owners entered into a settlement with the Coachillin parties.
  • Although confidential, the settlement will allow the business park to get back on its feet and move forward.
  • According to Kenneth Dickerson, managing member of the developer, "This judgment by a Federal judge is a recognition that the parcel owner's claims had zero merit.

EMI/RFI: Materials and Technologies - A Comprehensive Market Analysis by BCC Research

Retrieved on: 
Friday, February 16, 2024

With advancements in 4G and 5G networks and government regulations mitigating environmental electromagnetic radiation, this research heralds a transformative era for electronic items.

Key Points: 
  • With advancements in 4G and 5G networks and government regulations mitigating environmental electromagnetic radiation, this research heralds a transformative era for electronic items.
  • This comprehensive report delves into the dynamic landscape of the EMI/RFI materials and technologies market, meticulously segmenting it based on shielding methods and regions.
  • Offering insights from 2022 as the baseline, the analysis spans the forecast period from 2023 to 2028.
  • Key players in the global EMI RFI shielding technologies market strategically emphasized new product launches as a major developmental initiative.