Settlement | Jotup

AMC Networks Announces Early Results of Tender Offer for Any and All 4.75% Senior Notes due 2025

Retrieved on:

Saturday, April 6, 2024

BofA Securities, Settlement date, Sale, Expiration, Date, Settlement, Tender, J.P. Morgan & Co., Security (finance)

Holders of Notes that are validly tendered after the Early Tender Date and on or prior to the Expiration Date and accepted for purchase by the Company pursuant to the Offer will receive the Tender Offer Consideration set forth in the table above.

Key Points:

Holders of Notes that are validly tendered after the Early Tender Date and on or prior to the Expiration Date and accepted for purchase by the Company pursuant to the Offer will receive the Tender Offer Consideration set forth in the table above.
This press release is neither an offer to purchase nor a solicitation of an offer to sell securities.
The Offer is being made solely pursuant to terms and conditions set forth in the Offer to Purchase.
Any questions regarding procedures for tendering Notes and requests for documents should be directed to the Information Agent for the Offer, D.F.

Clover Health Provides Notice Associated with Previously Disclosed Settlement of Shareholder Derivative Actions

Retrieved on:

Thursday, April 4, 2024

Documentation, Agreement, District court, Settlement, Annual report, Hearing, Del, Insurance

Tenn.); (2) In re: Clover Health Investments Corp.

Key Points:

Tenn.); (2) In re: Clover Health Investments Corp.
(collectively the "Shareholder Derivative Actions").
The Shareholder Derivative Actions were filed in the wake of the Company's de-SPAC transaction.
As previously disclosed, on February 5, 2024, the plaintiffs in the Shareholder Derivative Actions, on the one hand, and the Company, on the other hand, executed a Stipulation and Agreement of Settlement dated February 2, 2024 (the "Stipulation"), which, subject to final court approval, provides the defendants in the Shareholder Derivative Actions with customary releases and, as previously disclosed, will require the Company to implement a suite of corporate governance enhancements (the "Settlement").

Catholic Teachers Ratify Agreement on Central Terms

Retrieved on:

Wednesday, March 27, 2024

Learning, School, Mental health, Government, Student, Settlement, Memorandum, OECTA, Catholic Church, Violence, Tutoring

TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- The Ontario English Catholic Teachers’ Association (OECTA) has released the following statement from President René Jansen in de Wal, announcing that the Association’s 45,000 Catholic-teacher members have ratified the agreement on central terms for a new contract.

Key Points:

TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- The Ontario English Catholic Teachers’ Association (OECTA) has released the following statement from President René Jansen in de Wal, announcing that the Association’s 45,000 Catholic-teacher members have ratified the agreement on central terms for a new contract.
“This was a long and challenging round of negotiations, with more than 20 months of bargaining and 58 days at the bargaining table.
Our goal in this round of negotiations – as always – was to reach the best possible deal to better support all students and teachers, to address critical issues identified by Catholic teachers, and improve the learning and working environment that students and teachers need to succeed.
The Memorandum of Settlement of Central Terms has been agreed to by the Government of Ontario; however, it still requires ratification from the Ontario Catholic School Trustees' Association (OCSTA).

Holley Ordered to Disgorge $2 Million in Ill-Gotten Profits

Retrieved on:

Tuesday, April 9, 2024

“Proform”) that started 24 years ago when Holley filed suit against Specialty, alleging that Specialty had misappropriated the “trade dress” of Holley’s carburetor main bodies.

Key Points:

“Proform”) that started 24 years ago when Holley filed suit against Specialty, alleging that Specialty had misappropriated the “trade dress” of Holley’s carburetor main bodies.
So in 2012 Specialty filed a summary enforcement motion suit claiming that Holley was failing to comply with the Settlement Agreement.
In 2017 Specialty filed its breach of contract lawsuit against Holley for violating the Settlement Agreement, arguing that it was entitled to disgorgement of the $2,028,264.19 in net profit reaped by Holley.
Specialty prevailed in this lawsuit, and the court entered summary judgment in favor of Specialty and against Holley.

Norfolk Southern reaches agreement in principle to settle East Palestine derailment class action

Retrieved on:

Tuesday, April 9, 2024

District court, Norfolk Southern Railway, Settlement, Drinking water, Economic development, NSC

ATLANTA, April 9, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Tuesday that it has reached a $600 million agreement in principle to resolve a consolidated class action lawsuit relating to the East Palestine derailment. If approved by the court, the agreement will resolve all class action claims within a 20-mile radius from the derailment and, for those residents who choose to participate, personal injury claims within a 10-mile radius from the derailment.

Key Points:

ATLANTA, April 9, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Tuesday that it has reached a $600 million agreement in principle to resolve a consolidated class action lawsuit relating to the East Palestine derailment.
If approved by the court, the agreement will resolve all class action claims within a 20-mile radius from the derailment and, for those residents who choose to participate, personal injury claims within a 10-mile radius from the derailment.
This is another promise kept by Norfolk Southern to make it right for the people of East Palestine and the surrounding communities.
This settlement furthers the work Norfolk Southern has done to make it right in East Palestine and the surrounding communities.

Decision Notice - CIRO Sanctions Yujie (Jared) Liu and BMO Nesbitt Burns Inc.

Retrieved on:

Friday, April 5, 2024

BMO, Conduct, Settlement, Enforcement, Investment, The central science, CIRO, Registered representative (securities), Financial adviser

Yujie (Jared) Liu admitted that he failed to use due diligence to determine the suitability of an investment strategy used in certain client accounts.

Key Points:

Yujie (Jared) Liu admitted that he failed to use due diligence to determine the suitability of an investment strategy used in certain client accounts.
Yujie (Jared) Liu also agreed to pay costs in the amount of $5,000.
The Settlement Agreement is available at:
Yujie (Jared) Liu and BMO Nesbitt Burns Inc. – Settlement Agreement
BMO NBI is a CIRO-regulated Dealer Member.
Yujie (Jared) Liu was a Registered Representative with BMO NBI from September 2006 until approximately July 2021.

AMC Networks Commences Tender Offer for Any and All Senior Notes due 2025

Retrieved on:

Monday, March 25, 2024

BofA Securities, Settlement date, Sale, Expiration, Date, Settlement, Tender, Hand, J.P. Morgan & Co., Security (finance)

Holders of Notes tendering their Notes after the Early Tender Date will only be eligible to receive the Tender Offer Consideration set forth in the table above (the “Tender Offer Consideration”), which is the Total Consideration less the Early Tender Premium.

Key Points:

Holders of Notes tendering their Notes after the Early Tender Date will only be eligible to receive the Tender Offer Consideration set forth in the table above (the “Tender Offer Consideration”), which is the Total Consideration less the Early Tender Premium.
Holders of Notes who tender their Notes after the Withdrawal Date, but prior to the Expiration Date, may not withdraw their tendered Notes unless withdrawal rights are otherwise required by applicable law.
The Offer is being made solely pursuant to terms and conditions set forth in the Offer to Purchase.
Any questions regarding procedures for tendering Notes and requests for documents should be directed to the Information Agent for the Offer, D.F.

Bombardier Announces Cash Tender Offer for Certain Outstanding Senior Notes

Retrieved on:

Friday, March 22, 2024

TD Securities, Expiration, Date, Nature, Settlement, Tender offer, Tender, Trustee, Debt-to-GDP ratio, Hand, RBC Capital Markets, Security (finance)

The Total Consideration includes, in each case, an early tender payment (the “Early Tender Payment”) of US$30.00 for each US$1,000 principal amount of the Notes, which Early Tender Payment is in addition to the Tender Offer Consideration (as defined below).

Key Points:

The Total Consideration includes, in each case, an early tender payment (the “Early Tender Payment”) of US$30.00 for each US$1,000 principal amount of the Notes, which Early Tender Payment is in addition to the Tender Offer Consideration (as defined below).
Holders must decide whether to tender Notes, and if tendering, the amount of Notes to tender.
Bombardier has retained RBC Capital Markets, LLC and TD Securities (USA) LLC to serve as dealer managers for the Tender Offer.
Bombardier has retained Global Bondholder Services Corporation to act as the information and tender agent in respect of the Tender Offer.

Scilex Holding Company Announces a Settlement Agreement with Takeda Pharmaceuticals to Resolve the Paragraph IV Patent Infringement Lawsuit Relating to Scilex’s Filing of a sNDA with the FDA Seeking to Expand the Label for its FDA-Approved Liquid Colchici

Retrieved on:

Wednesday, March 20, 2024

Paragraph, Gout, Vexatious litigation, Shanda, Chronic pain, Settlement, PALO, Justice, Takeda, License, FDA, Federal Trade Commission, Nursing

That litigation arose from Scilex’s filing of a sNDA with the FDA seeking to expand the label for its FDA-approved liquid colchicine product, Gloperba®, a preventive treatment for gout.

Key Points:

That litigation arose from Scilex’s filing of a sNDA with the FDA seeking to expand the label for its FDA-approved liquid colchicine product, Gloperba®, a preventive treatment for gout.
As part of the Settlement Agreement, the Scilex Parties entered into a License Agreement with Takeda granting the Company and its affiliates a non-exclusive license to certain patents owned by Takeda.
The Settlement Agreement is subject to approval by the district court, and by both the Federal Trade Commission and the U.S. Department of Justice, as is required in Paragraph IV patent case settlements.
For more information on Scilex Holding Company, refer to www.scilexholding.com .

International Cobalt Announces $5.3M Debt Settlement

Retrieved on:

Monday, March 18, 2024

Lithium, Debt settlement, Debt, Vexatious litigation, News, National instrument, Settlement, USD, CDN, Legislation, Person, Security (finance)

VANCOUVER, British Columbia, March 18, 2024 (GLOBE NEWSWIRE) -- International Cobalt Corp. (“International Cobalt” or the “Company”) advises that it has entered into a settlement agreement dated February 28, 2024, with Tantalex Lithium Resources Corp. (“Tantalex”) to settle an amount of CDN$5,324,275.30 owed to the Company (the “Settlement Agreement”).

Key Points:

VANCOUVER, British Columbia, March 18, 2024 (GLOBE NEWSWIRE) -- International Cobalt Corp. (“International Cobalt” or the “Company”) advises that it has entered into a settlement agreement dated February 28, 2024, with Tantalex Lithium Resources Corp. (“Tantalex”) to settle an amount of CDN$5,324,275.30 owed to the Company (the “Settlement Agreement”).
Each Tantalex Warrant is exercisable by the Company to acquire 50,000,000 Tantalex Shares at a price of $0.10 for a period of thirty (30) months from issuance (the “Debt Settlement”).
As a result of the Debt Settlement, the Company became an insider of Tantalex.
Forward-looking information includes, but is not limited to, statements with respect to the debt settlement and the completion thereof.