Settlement

Cannae Holdings, Inc. Announces Settlement of Action

Retrieved on: 
Monday, June 12, 2023
Asset Management, Legal, Professional Services, Finance, Agreement, CNNE, Settlement, Compromise, Pennsylvania Public School Employees' Retirement System, Policy, NYSE, Audit, Trasimene

Cannae Holdings, Inc. (NYSE:CNNE) (“Cannae” or the “Company”) today announced court approval of the Stipulation and Agreement of Compromise, Settlement, and Release (collectively, the “Settlement”) made and entered into as of March 10, 2023, by and between the Plaintiff Oklahoma Firefighters Pension & Retirement System, the Special Litigation Committee of Cannae’s Board of Directors, the Company’s Board of Directors and several named officers, and the Company’s external manager Trasimene Capital Management (“Trasimene”).

Key Points: 
  • Cannae Holdings, Inc. (NYSE:CNNE) (“Cannae” or the “Company”) today announced court approval of the Stipulation and Agreement of Compromise, Settlement, and Release (collectively, the “Settlement”) made and entered into as of March 10, 2023, by and between the Plaintiff Oklahoma Firefighters Pension & Retirement System, the Special Litigation Committee of Cannae’s Board of Directors, the Company’s Board of Directors and several named officers, and the Company’s external manager Trasimene Capital Management (“Trasimene”).
  • Further, the Settlement requires an action by the Company to create a Related Person Transaction Committee of its Board of Directors and adopt a Related Person Transaction Policy.
  • The Company will implement the above stated external management and corporate governance changes at its next regularly scheduled Board meeting in August 2023.
  • Additional information can be found in a Current Report on form 8-K dated March 14, 2023, on the SEC’s website at www.sec.gov .

Trophy Automotive Dealer Group LLC ("TADG"), a leading automotive dealer group operating in California, announces that it has reached a final and global settlement of all disputes between TADG and Byron Z. Moldo, the court appointed receiver for the Sage

Retrieved on: 
Tuesday, June 13, 2023
Receiver, Settlement, Acquisition, Sage

In December 2019, the Receiver filed his own action against TADG, alleging various claims including concealment and breach of fiduciary duty the merits of which TADG wholly denied.

Key Points: 
  • In December 2019, the Receiver filed his own action against TADG, alleging various claims including concealment and breach of fiduciary duty the merits of which TADG wholly denied.
  • In February, 2020, TADG and the Receiver settled those pending legal disputes.
  • The Settlement included the complete dismissal of the action against Mr. Nasser Watar, TADG, its named subsidiaries, and the named former Sage employees.
  • After further litigation between the parties, TADG and the Receiver reached a further global settlement that resolve all pending and potential disputes between them.

If You Acquired ERC-20 Tokens or EOS Tokens In a U.S. Domestic Transaction Between June 26, 2017 and May 18, 2020, Inclusive, Your Rights May Be Affected by a Proposed Class Action Settlement

Retrieved on: 
Monday, June 12, 2023
EOS, Prejudice, Lead, Plan, ALL, Class, OR, AND, Allocation, Pearl Street, Clerk, GDAX, Judgement, Sale, Class Action, Xi, District court, Settlement, Related party transaction, Action, Notice, Hearing, Leading Counsel, Court, Defendant, Claim, Counsel, EOS.IO, Cryptocurrency, Kraken, Dextropropoxyphene

As of the date of this Notice, the Court has expressed no view, preliminary or otherwise, as to the fairness, reasonableness or adequacy of the Settlement.

Key Points: 
  • As of the date of this Notice, the Court has expressed no view, preliminary or otherwise, as to the fairness, reasonableness or adequacy of the Settlement.
  • Those matters will be addressed by the Court at the Settlement Hearing to be held on September 19, 2023 at 2:00 p.m.
  • If you ask to be excluded, you will not get any payment from the Settlement, and you cannot object to the Settlement.
  • Requests for the Notice and Proof of Claim form should be made to the Claims Administrator:

Abacus Life Appoints New Managing Director

Retrieved on: 
Thursday, June 8, 2023
Finance, Banking, Professional Services, Asset Management, Insurance, Policy, Settlement, Acquisition, Financial services, Abacus

Abacus Settlements, LLC (d/b/a Abacus Life) and Longevity Market Assets, LLC (together “Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today announced that Nicholas Sawuk has joined the Company as Managing Director.

Key Points: 
  • Abacus Settlements, LLC (d/b/a Abacus Life) and Longevity Market Assets, LLC (together “Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today announced that Nicholas Sawuk has joined the Company as Managing Director.
  • Sawuk brings nearly 20 years of experience in financial services and life settlements and has worked for companies such as a European Life Settlement Fund with its own life settlement provider, as well as Cantor Fitzgerald on Cantor Insurance Group’s life settlement and insurance-linked securities desk in New York.
  • As Managing Director at Abacus, Sawuk will be responsible for investment fund formation, capital raising, institutional policy trading, and portfolio and policy due diligence.
  • “I am thrilled to welcome Nicholas to the Abacus team and believe his extensive expertise in the life settlements industry will be crucial to support and strengthen our vision and growth initiatives that are already underway,” said Abacus Life CEO Jay Jackson.

Bread Financial Commences Offer to Purchase Any and All of Its Outstanding 4.750% Senior Notes Due 2024

Retrieved on: 
Thursday, June 8, 2023
Banking, Other Professional Services, Professional Services, Finance, Debt-to-GDP ratio, J.P. Morgan & Co., RBC Capital Markets, BNP Paribas, Settlement, Tender, CIBC, News, Personal Information Agent, Security (finance), Note

Holders who have validly tendered their Notes may withdraw such Notes at any time at or prior to the Expiration Time.

Key Points: 
  • Holders who have validly tendered their Notes may withdraw such Notes at any time at or prior to the Expiration Time.
  • The tender offer is conditioned upon satisfaction of certain conditions, including the Company’s completion of certain proposed debt financings.
  • The tender offer is not conditioned upon any minimum amount of Notes being tendered.
  • The tender offer is being made only by, and pursuant to the terms of, the Offer to Purchase and the related Notice of Guaranteed Delivery.

Shutterfly Announces Early Tender Results of the Exchange Offer and Consent Solicitation Relating to 8.50% First-Priority Senior Secured Notes due 2026

Retrieved on: 
Wednesday, June 7, 2023
Online Retail, Electronic Commerce, Photography, Retail, Technology, Communication, SEC Rule 144A, Regulation D, Participation, Partial, Initial exchange offering, Cash, Consent, Convention to propose amendments to the United States Constitution, AD4, PDF, Letter, Regulation, Old New Borrowed and Blue, Exchange, Sale, Table (information), Settlement, Issuer, CUSIP, Exchange offer, Second Optional Protocol to the International Covenant on Civil and Political Rights, Solicitation, Security (finance), Life insurance, Shutterfly, Roger-Pol Droit, Note

The final results are subject to confirmation from Epiq of receipt of each of the required Cash Payments (as defined below).

Key Points: 
  • The final results are subject to confirmation from Epiq of receipt of each of the required Cash Payments (as defined below).
  • Eligible holders must validly tender (and not validly withdraw) all of such holder’s Existing Notes to participate in the Exchange Offer.
  • Consummation of the Exchange Offer and the Consent Solicitation is conditioned upon the satisfaction or waiver of the conditions set forth in the Offering Memorandum.
  • Only eligible holders may receive a copy of the Offering Memorandum and participate in the Exchange Offer and the Consent Solicitation.

CIRO issues Notice of Settlement Hearing in respect of Stephanie Vaarsi

Retrieved on: 
Wednesday, June 7, 2023
Hearing, Investment Industry Regulatory Organization of Canada, CIRO, Mutual Fund Dealers Association, Settlement, Episcopal conference, Investment, Respondent, Financial adviser

TORONTO, June 7, 2023 /CNW/ - Canadian Investment Regulatory Organization ("CIRO") announced that it has issued a Notice of Settlement Hearing dated May 31, 2023, regarding the presentation, review and consideration of a proposed settlement agreement by a Hearing Panel of the CIRO'S Ontario District Hearing Committee.

Key Points: 
  • TORONTO, June 7, 2023 /CNW/ - Canadian Investment Regulatory Organization ("CIRO") announced that it has issued a Notice of Settlement Hearing dated May 31, 2023, regarding the presentation, review and consideration of a proposed settlement agreement by a Hearing Panel of the CIRO'S Ontario District Hearing Committee.
  • The settlement agreement will be between Staff of CIRO and Stephanie Vaarsi (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.
  • 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 Toronto, Ontario area.

The Tel Aviv Stock Exchange and The Israeli Ministry of Finance Successfully Completed the Project Eden Proof of Concept - Issuing A Government Digital Bond on A Dedicated Blockchain Platform

Retrieved on: 
Tuesday, June 6, 2023
Shekel, Finance Division, Treasury, Blockchain, Ministry of Finance, POC, JPMorgan Chase, Partnership, Tel Aviv Stock Exchange, Bank Mizrahi-Tefahot, Senior, Financial system, Dapp, EVP, Security, Security token, Start-up Nation, DLT, Bank Hapoalim, Accountant, Deutsche Bank, Community business development corporation, VMware, Ministry, Goldman Sachs, BNP Paribas, TEL, Settlement, Live, MOF, Risk, TASE, First International Bank, Bank, Merrill (company), Ministry of Finance (India), Bank Leumi, Global financial system, Barclays, Cryptocurrency, Financial services, Project Eden

Project Eden is a unique project led by TASE in close partnership with the Israeli Ministry of Finance.

Key Points: 
  • Project Eden is a unique project led by TASE in close partnership with the Israeli Ministry of Finance.
  • The blockchain used for this PoC was EVM-compatible, enabling potential integration with other blockchain solutions in the future.
  • Project Eden also introduced a digital Payment Token as a fundamental component of the settlement process.
  • Ittai Ben Zeev, TASE CEO: "Project Eden is very important for the Tel Aviv Stock Exchange.

New SRO Hearing Panel accepts settlement agreement with Charles Hogg

Retrieved on: 
Friday, June 2, 2023
Dealer, Organization, Investment Industry Regulatory Organization of Canada, Vexatious litigation, Indian Residential Schools Settlement Agreement, Mutual Fund Dealers Association, Settlement, Ethics, Corporation, Investment, Hearing, Knowledge, Respondent, Financial adviser, Kitchener

TORONTO, June 2, 2023 /CNW/ - A settlement hearing in the matter of Charles Leigh Hogg (the "Respondent") was held electronically by videoconference on May 16, 2023 in Toronto, Ontario before a three-member Hearing Panel of the Ontario District Hearing Committee of the New Self-Regulatory Organization of Canada ("New SRO").

Key Points: 
  • TORONTO, June 2, 2023 /CNW/ - A settlement hearing in the matter of Charles Leigh Hogg (the "Respondent") was held electronically by videoconference on May 16, 2023 in Toronto, Ontario before a three-member Hearing Panel of the Ontario District Hearing Committee of the New Self-Regulatory Organization of Canada ("New SRO").
  • A copy of the Settlement Agreement is available on the MFDA website at www.mfda.ca .
  • During the period described in the Settlement Agreement, the Respondent carried on business in the Kitchener, Ontario area.
  • New Self-Regulatory Organization of Canada is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada's debt and equity marketplaces.

If you used Google's Search Engine from October 25, 2006 to September 30, 2013, you could get cash from a class action Settlement.

Retrieved on: 
Thursday, June 1, 2023
Lawsuit, Defendant, Google Search, Dubrovka, Dubrovsky Settlement Administrative Okrug, Dubrovsky District, Bryansk Oblast, PST, District court, Settlement, Court, Post office box, Form, Douglas v. U.S. District Court ex rel Talk America, Pharmaceutical industry, Insurance

A proposed Settlement has been reached in a class action lawsuit called In re Google Referrer Header Privacy Litigation, Case No.

Key Points: 
  • A proposed Settlement has been reached in a class action lawsuit called In re Google Referrer Header Privacy Litigation, Case No.
  • The lawsuit claims that Google improperly shared Class Member search queries with third-party websites and companies between October 25, 2006 and September 30, 2013.
  • Defendants are entering into this settlement to avoid burdensome and costly litigation and to focus on timely addressing consumer complaints.
  • You are included as a Settlement Class Member if you used Google Search and clicked on a Search link at any time on or between October 25, 2006 and September 30, 2013.