Settlement

Berry Global, Inc. Announces Extension of Early Tender Deadline for its 0.95% First Priority Senior Secured Notes due 2024

Retrieved on: 
Friday, March 24, 2023
Manufacturing, Other Manufacturing, Packaging, Engineering, Chemicals, Plastics, Tender offer, Telephone, Date, Tender, Settlement, Mini-tender offer, Cryptocurrency, Auction, Security (finance), Note

The Early Tender Consideration for Notes validly tendered prior to or at the Early Tender Time and accepted for purchase is calculated using the Fixed Spread (as defined below) and is inclusive of the Early Tender Premium.

Key Points: 
  • The Early Tender Consideration for Notes validly tendered prior to or at the Early Tender Time and accepted for purchase is calculated using the Fixed Spread (as defined below) and is inclusive of the Early Tender Premium.
  • To be eligible to receive the Early Tender Consideration (as defined below), which includes an early tender premium of $30 per $1,000 principal amount of Notes (the “Early Tender Premium”), holders of Notes must validly tender their Notes at or prior to the Early Tender Time, unless further extended.
  • Notes validly tendered at or prior to the Early Tender Time will be accepted for purchase in priority to other Notes validly tendered after the Early Tender Time.
  • The Early Tender Time is the last date and time for holders to tender their Notes in order to be eligible to receive the Early Tender Consideration.

HARRY STINSON, BUFFALO GRAND HOTEL INC., STINSON HOSPITALITY MANAGEMENT INC., STINSON HOSPITALITY CORP., RESTORATION FUNDING CORPORATION, BUFFALO CENTRAL LLC, and STEPHEN KELLEY, File No. 2022-3

Retrieved on: 
Thursday, March 23, 2023
Commission, Tobacco Master Settlement Agreement, Vexatious litigation, Settlement, Tribunal, Order, Oral reasons of the Supreme Court of Canada, Approval, Pharmaceutical industry

TORONTO, March 23, 2023 /CNW/ - Following a hearing held today, the Tribunal issued an Order in the above- named matter approving the Settlement Agreement reached between Staff of the Commission and Stephen Kelley.

Key Points: 
  • TORONTO, March 23, 2023 /CNW/ - Following a hearing held today, the Tribunal issued an Order in the above- named matter approving the Settlement Agreement reached between Staff of the Commission and Stephen Kelley.
  • A copy of the Order dated March 23, 2023, Settlement Agreement dated March 20, 2023 and Oral Reasons for Approval of a Settlement dated March 23, 2023 are available at capitalmarketstribunal.ca

Berry Global, Inc. Announces Extension of Early Tender Deadline for its 0.95% First Priority Senior Secured Notes due 2024

Retrieved on: 
Wednesday, March 22, 2023
Packaging, Engineering, Manufacturing, Tender offer, Telephone, Date, Tender, Settlement, Mini-tender offer, Cryptocurrency, Auction, Security (finance), Note

The Early Tender Consideration for Notes validly tendered prior to or at the Early Tender Time and accepted for purchase is calculated using the Fixed Spread (as defined below) and is inclusive of the Early Tender Premium.

Key Points: 
  • The Early Tender Consideration for Notes validly tendered prior to or at the Early Tender Time and accepted for purchase is calculated using the Fixed Spread (as defined below) and is inclusive of the Early Tender Premium.
  • To be eligible to receive the Early Tender Consideration (as defined below), which includes an early tender premium of $30 per $1,000 principal amount of Notes (the “Early Tender Premium”), holders of Notes must validly tender their Notes at or prior to the Early Tender Time, unless further extended.
  • Notes validly tendered at or prior to the Early Tender Time will be accepted for purchase in priority to other Notes validly tendered after the Early Tender Time.
  • The Early Tender Time is the last date and time for holders to tender their Notes in order to be eligible to receive the Early Tender Consideration.

Abacus Life Featured in The Deal

Retrieved on: 
Tuesday, March 21, 2023
Asset Management, Professional Services, Insurance, Finance, Deal, Settlement, Acquisition, Face, Coventry, Life, Abacus

Abacus Settlements, LLC (d/b/a Abacus Life) and Longevity Market Assets, LLC (together “Abacus”) is a leading buyer of life insurance policies and a vertically integrated alternative asset manager specializing in specialty insurance products.

Key Points: 
  • Abacus Settlements, LLC (d/b/a Abacus Life) and Longevity Market Assets, LLC (together “Abacus”) is a leading buyer of life insurance policies and a vertically integrated alternative asset manager specializing in specialty insurance products.
  • The Deal recently featured Abacus by highlighting its transparent and competitive pricing, as well as recent management hires Cassie Schaelling, Efi Laina and Courtney Pezzopane.
  • The full article can be viewed here: The Deal Reports That Abacus Promotes Trio To Head Consumer Business - Abacus Life Settlements
    “[Abacus Life CEO Jay Jackson] pointed out that Abacus’s average amount paid per face value was 22.5% in 2021, compared to 16.7% by rival Coventry First LLC.
  • As previously announced on August 30, 2022, Abacus Life has entered into a definitive business combination agreement with East Resources Acquisition Company (NASDAQ: ERES), a special purpose acquisition company, that is expected to result in Abacus Life becoming a publicly listed company.

$6,000,000 in Direct Purchaser Settlements Reached with Shock Absorbers Manufacturers in Price Fixing Class Action Lawsuit

Retrieved on: 
Monday, March 20, 2023
Southern Division, LLP, Hitachi, Class representative, KYB, Absorbance, KYB Corporation, District court, Settlement, Notice, Hearing, Béliveau, Counsel, United States district court, Showa Corporation, P.C

(The proceeds of the two settlement funds are referred to collectively to as the "Shock Absorbers Settlement Fund").

Key Points: 
  • (The proceeds of the two settlement funds are referred to collectively to as the "Shock Absorbers Settlement Fund").
  • A Notice of Proposed Settlements and Claim Form (the "Notice") was mailed to potential Settlement Class members on or about March 9, 2023.
  • The Notice describes the litigation and options available to Settlement Class members with respect to the KYB and Hitachi Astemo settlements in more detail.
  • The Notice and other important documents related to the settlements can be accessed at www.AutoPartsAntitrustLitigation.com/ShockAbsorbers , or by calling 1-877-393-1069 or writing to Shock Absorbers Direct Purchaser Antitrust Litigation, P.O.

If you purchased certain products from GAW Miners or ZenMiner between August 1, 2014 and January 19, 2015, your rights may be affected by a class action settlement.

Retrieved on: 
Thursday, March 16, 2023
Miner, Mining, Injury, Fairness, Settlement, Court, Abraham Ribicoff, MPS, Counsel, Hearing, Audet, Cryptocurrency, Insurance

The lawsuit alleges that GAW Miners and ZenMiner made false and misleading statements to potential investors about defendants' virtual currency mining operations.

Key Points: 
  • The lawsuit alleges that GAW Miners and ZenMiner made false and misleading statements to potential investors about defendants' virtual currency mining operations.
  • Mr. Fraser denies all allegations against him; however, both sides have agreed to the Settlement to avoid the cost of further litigation.
  • The Settlement provides for cash payments that will be distributed on a pro rata basis from a fund of $3,500,000.
  • The claim form informs Settlement Class Counsel that you wish to participate in the proposed settlement.

A $255 Million Settlement has been reached with JUUL Labs, Inc. making money available for those who bought a JUUL Product before December 7, 2022. Litigation continues against Altria.

Retrieved on: 
Thursday, March 16, 2023
JUUL, Vail v. Juul Labs, Inc., Minor, Safety, Exercise, Settlement, Lawsuit, Juul, Postcard, Tobacco, Altria

A $255 million settlement has been reached in the lawsuit with JUUL Labs, Inc. and related individuals and entities.

Key Points: 
  • A $255 million settlement has been reached in the lawsuit with JUUL Labs, Inc. and related individuals and entities.
  • The lawsuit will continue against them, and JUUL purchasers' rights may be impacted by that ongoing litigation.
  • Payments will be based on how much each claimant spent on JUUL products compared to other Settlement Class members.
  • A full list of the products included in the Settlement and the ongoing litigation, as well as other important documents, are also available at www.JUULclassaction.com .

RG2 Claims Administration, LLC Announces Class Action Settlement on Behalf of Lufthansa Customers whose Flight was Cancelled Due to the Pandemic

Retrieved on: 
Tuesday, March 14, 2023
Refund, Central District, Brussels Airlines, Cash, Tobacco Master Settlement Agreement, Exercise, Settlement, Travel, COVID-19, Vexatious litigation, Swiss International Air Lines, District court, Summons, GCC, Judgement, Hearing, Plaintiff, Interest, Airline, Tobacco, Clothing, Austrian Airlines, Lufthansa, Court

PHILADELPHIA, March 14, 2023 (GLOBE NEWSWIRE) --

Key Points: 
  • A Settlement Class Member is a United States resident who purchased tickets for travel on a Lufthansa flight scheduled to operate to or from the United States between January 1, 2020 and August 16, 2021 and whose flights were cancelled by Lufthansa (the “Settlement Class”).
  • Settlement Class Members consist of two categories of individuals: (1) Settlement Class Members who have received refunds from Lufthansa for Qualifying Flights; and (2) Settlement Class Members who have not, to date, received a refund for Qualifying Flights.
  • Whether you act or not, your legal rights as a Settlement Class Member are affected by the Settlement.
  • If you are a Settlement Class Member and do not take any action, you will not receive anything under the Settlement.

New SRO issues Notice of Settlement Hearing in respect of Megan Stokes

Retrieved on: 
Monday, March 13, 2023
Investment Industry Regulatory Organization of Canada, Knowledge, Settlement, Investment, Episcopal conference, Respondent, Organization, Dealer, Hearing, Mutual Fund Dealers Association, Financial adviser

The settlement agreement will be between Staff of the New SRO and Megan Lynn Stokes (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to Mutual Fund Dealer Rule 7.4.4.

Key Points: 
  • The settlement agreement will be between Staff of the New SRO and Megan Lynn Stokes (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to Mutual Fund Dealer Rule 7.4.4.
  • i
    The settlement hearing will take place electronically by videoconference on March 22, 2023, commencing at 10:00 a.m. (Eastern), or as soon thereafter as the matter can be held.
  • A copy of the Notice of Settlement Hearing is available on the MFDA website at www.mfda.ca .
  • During the period described in the Notice of Settlement Hearing, the Respondent conducted business in the Uxbridge, Ontario area.

FuelCell Energy Reports First Quarter of Fiscal 2023 Results

Retrieved on: 
Thursday, March 9, 2023
Trinity College, Idaho National Laboratory, Electrolysis, Joint, Long Island Power Authority, Tobacco Master Settlement Agreement, Incoterms, KFC, Posco Energy, EMTEC, Research, Electricity, Water, Government, Automation, Capacity, Carbon, United States Treasury security, Versa, Plant, Port of Long Beach, Housatonic River, Engineering, Settlement, Calendar, Investment, Food, Advanced Technology Vehicles Manufacturing Loan Program, FuelCell Energy, Hydrogen, Appendix, Adjustment, Treasury, CO2, Coal, Video game, Cryptocurrency, Renewable energy

DANBURY, Conn., March 09, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) -- a global leader in decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy -- today reported financial results for its first quarter ended January 31, 2023.

Key Points: 
  • Compared to the first quarter of fiscal 2022, Advanced Technologies contract revenues recognized under the Joint Development Agreement with EMTEC were approximately $0.1 million higher during the first quarter of fiscal 2023, and revenue recognized under government and other contracts were approximately $0.3 million higher during the first quarter of fiscal 2023.
  • Operating expenses for the first quarter of fiscal 2023 decreased to $27.7 million from $41.9 million in the first quarter of fiscal 2022.
  • Research and development expenses increased to $12.7 million during the first quarter of fiscal 2023 compared to $5.0 million in the first quarter of fiscal 2022.
  • Net loss was $(21.1) million in the first quarter of fiscal 2023, compared to net loss of $(46.1) million in the first quarter of fiscal 2022.