Commission

ADSK INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Autodesk, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Retrieved on: 
Thursday, April 25, 2024

), the Autodesk class action lawsuit charges Autodesk and certain of Autodesk’s top executives with violations of the Securities Exchange Act of 1934.

Key Points: 
  • ), the Autodesk class action lawsuit charges Autodesk and certain of Autodesk’s top executives with violations of the Securities Exchange Act of 1934.
  • Lead plaintiff motions for the Autodesk class action lawsuit must be filed with the court no later than June 24, 2024.
  • The lead plaintiff can select a law firm of its choice to litigate the Autodesk class action lawsuit.
  • An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Autodesk class action lawsuit.

Ryan Challenges New Non-Compete Rule Issued by Federal Trade Commission (FTC)

Retrieved on: 
Tuesday, April 23, 2024

Ryan , a leading global tax services and software provider, is challenging a new rule issued by the Federal Trade Commission (FTC) that outlaws non-compete employment agreements.

Key Points: 
  • Ryan , a leading global tax services and software provider, is challenging a new rule issued by the Federal Trade Commission (FTC) that outlaws non-compete employment agreements.
  • The Firm seeks to prevent the immense, undue burdens the FTC’s rule would impose on service-driven companies of every size nationwide.
  • Ryan sought to dissuade the FTC from this action by submitting last spring a 54-page public comment against the FTC’s proposed rule.
  • Ryan explained how non-compete agreements are an important tool for firms to protect their IP and foster innovation.

X-energy Awarded $148.5 Million Investment Tax Credit for First-of-a-Kind TRISO-X Fuel Fabrication Facility

Retrieved on: 
Tuesday, April 23, 2024

X Energy, LLC (“X-energy”) has been awarded a $148.5 million tax credit for the construction by its wholly-owned subsidiary, TRISO-X LLC (“TRISO-X”), of a first-of-a-kind advanced nuclear fuel fabrication facility (“TX-1”) in Oak Ridge, Tennessee.

Key Points: 
  • X Energy, LLC (“X-energy”) has been awarded a $148.5 million tax credit for the construction by its wholly-owned subsidiary, TRISO-X LLC (“TRISO-X”), of a first-of-a-kind advanced nuclear fuel fabrication facility (“TX-1”) in Oak Ridge, Tennessee.
  • The 215,000-square-foot TX-1 fuel fabrication facility is designed to produce up to 714,000 pebbles per year along with other nuclear fuel products.
  • TRISO-X has operated a pilot nuclear fuel fabrication facility at ORNL since 2016, serving as a demonstration facility of the company’s patented TRISO fabrication processes.
  • ARDP is also providing support for the development of TX-1, and the initial TRISO-X nuclear fuel produced in Oak Ridge will be used for the project.

Momentus Receives Nasdaq Deficiency Notification Regarding Delayed Form 10-K

Retrieved on: 
Monday, April 22, 2024

The Notice has no immediate impact on the listing of the Company’s common stock on Nasdaq, and the Company’s listing remains fully effective.

Key Points: 
  • The Notice has no immediate impact on the listing of the Company’s common stock on Nasdaq, and the Company’s listing remains fully effective.
  • The Company has 60 calendar days from the date of the Notice, or until June 17, 2024, to file the Form 10-K or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule 5250(c)(1).
  • If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the filing of the Form 10-K, or until October 14, 2024, to regain compliance.
  • If the Company does not regain compliance within the allotted compliance periods, including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s common stock will be subject to delisting.

AUTODESK INVESTOR NEWS: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Autodesk, Inc. Investors to Inquire About Securities Class Action Investigation – ADSK

Retrieved on: 
Tuesday, April 9, 2024

The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

Key Points: 
  • The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
  • WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=24019 or call Phillip Kim, Esq.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

BCSC issues notice to reinforce expectations for investor relations disclosure

Retrieved on: 
Friday, April 26, 2024

Securities Commission (BCSC) issued a BC Notice today to raise awareness of a 2023 Commission decision about promotional disclosure, and how it must be presented to comply with the law.

Key Points: 
  • Securities Commission (BCSC) issued a BC Notice today to raise awareness of a 2023 Commission decision about promotional disclosure, and how it must be presented to comply with the law.
  • The BCSC panel's interpretation of the Act's requirement for clear and conspicuous disclosure was the first of its kind in Canada, and is binding on issuers and promoters in B.C.
  • A link to another website containing the required disclosure requires readers "to take an extra step," the panel said.
  • Companies and promoters should be aware of these expectations, which the BCSC will continue to enforce."

BCSC alleges that B.C. resident and company solicited and referred investors without being registered

Retrieved on: 
Wednesday, April 24, 2024

Securities Commission (BCSC) is alleging that a former B.C.

Key Points: 
  • Securities Commission (BCSC) is alleging that a former B.C.
  • resident and his company traded in securities without being registered when they solicited and referred investors to purchase shares of companies through two registered dealers.
  • Michael Duane Onstad and LOC Consultants Inc., a company that he controlled, solicited and referred 33 investors, who bought a total of $7.6 million worth of shares through the registered dealer firms.
  • Neither Onstad nor LOC have ever been registered in any capacity under B.C.

Universal Technical Institute, Inc.'s Concorde division launches additional dental hygiene programs in Florida and Oregon

Retrieved on: 
Wednesday, April 24, 2024

PHOENIX, April 24, 2024 /PRNewswire/ -- Concorde Career Colleges today announced the launch of two dental hygiene associate degree programs at its campuses in Miramar, Fla. and Portland, Ore., bringing the number of dental hygiene programs offered to 14 nationwide. Concorde is the healthcare education division of Universal Technical Institute, Inc., a leading workforce solutions education provider that prepares and supports workers for in-demand jobs.   

Key Points: 
  • Concorde is the healthcare education division of Universal Technical Institute, Inc., a leading workforce solutions education provider that prepares and supports workers for in-demand jobs.
  • "We have successful, long-standing dental assistant programs at these campuses, and expanding our program offerings allow us to deepen our partnerships with dental providers in the area."
  • Concorde offers a full suite of dental programs, from the on-campus Dental Assistant diploma and Dental Hygiene associate degree programs through an online Dental Hygiene bachelor's degree completion program .
  • 4The programs in dental hygiene at Miramar and Portland are accredited by the Commission on Dental Accreditation and have been granted the accreditation status of "initial accreditation."

VirnetX Announces Strategic Defense Advisory Board

Retrieved on: 
Tuesday, April 23, 2024

ZEPHYR COVE, Nev., April 22, 2024 /PRNewswire/ -- VirnetX Holding Corporation (NYSE: VHC) today announced that it has established an advisory board comprised of four retired senior U.S. Air Force leaders. The board will assist and advise on business development and operational direction of VirnetX's Zero Trust Network Access security technology as a necessary layer of security for defense communications and data management to Department of Defense government officials and commercial contractors.

Key Points: 
  • He led more than 39,700 space professionals who provided combat forces and capabilities to the North American Aerospace Defense Command and U.S. Strategic Command.
  • He is a former member of the President's Commission on Position, Navigation and Timing Senior Advisory Group and the US Strategic Command Senior Advisory Group.
  • He serves as Chairman of the Board of Frequency Electronics Corporation, is a board member of Boneal Aerospace Corporation, a member of the Iridium Communications Government Advisory Board, a member of General Dynamics Mission Systems Senior Advisory Group and Hera Satellite Systems Senior Advisory Group.
  • Industry experience includes RocketLab board director and several strategic advisory board positions.

Minister O'Regan appoints Industrial Inquiry Commission on longshoring disputes at Canada's West Coast ports

Retrieved on: 
Monday, April 22, 2024

Today, Minister of Labour Seamus O'Regan Jr. announced the appointment of an Industrial Inquiry Commission on the underlying issues in longshoring labour disputes at Canada's West Coast ports.

Key Points: 
  • Today, Minister of Labour Seamus O'Regan Jr. announced the appointment of an Industrial Inquiry Commission on the underlying issues in longshoring labour disputes at Canada's West Coast ports.
  • The Commission will be chaired by Vincent Ready and will include Amanda Rogers as a Member of the Commission.
  • The Commission will present its findings and recommendations in a report to the Minister in Spring 2025.
  • They concluded that the West Coast ports represent a unique case study that requires deeper examination.