Objection

If you or your property were impacted by the demolition of the smokestack at the former Crawford Coal Plant in Chicago's Little Village neighborhood in April 2020, you may be entitled to a cash payment

Retrieved on: 
Thursday, January 11, 2024
Notice, Kedzie Avenue, Counsel, Objection, Multimedia, HRP, Lawyer, The Honourable, Class, Settlement, Ogden Avenue, Summons, Comment, Exclusion, Cermak Road, Court, Claim, Controlled Demolition, Inc., Personal injury, Exercise, Insurance

COSTA MESA, Calif., Jan. 11, 2024 /PRNewswire/ -- Simpluris Inc. announces that a proposed settlement has been reached in a class action lawsuit claiming that Hilco Redevelopment, LLC, HRE Crawford, LLC, and HRP Exchange 55, LLC (collectively, "Hilco"), MCM Management Corp., Controlled Demolition, Inc., and Marine Technology Solutions LLC ("Defendants") acted improperly and caused damage when they demolished a smokestack on April 11, 2020, at the former Crawford Coal Plant, which was located at 3501 S. Pulaski Rd., Chicago, IL 60623. The settlement doesn't decide who is right, but rather is a compromise to end the lawsuit and avoid the uncertainties and costs associated with a trial.

Key Points: 
  • More information about the class and the settlement is available at www.LittleVillageSmokestack.com .
  • If the Court approves the settlement, Class Members who submit valid claims will receive a cash payment from the Settlement Fund.
  • You just need to complete and verify a short and simple Claim Form, which is available at www.LittleVillageSmokeStack.com .
  • If your property was damaged and you also qualify for a personal injury claim, you may select both options.

Consumers Who Purchased CVS-Brand Maximum Strength Lidocaine Products Could Get Money from a Settlement

Retrieved on: 
Tuesday, August 22, 2023
Online, Unit, Defendant, Exclusion, Bell, Pharmacy, CM/ECF, Lidocaine, Class, Valid claim, CVS, State Administrative Expenses, Vexatious litigation, EST, CVS Pharmacy, Benefit, Person, Objection, La Belle et la Bête (opera), Plaintiff, Action Replay, Settlement, Proof of purchase, Documentation, District court, SKU, ECF, Hearing, Form, Court, Tobacco Master Settlement Agreement, Counsel, United States district court, Civil Rights Attorney's Fees Award Act of 1976, Cryptocurrency, Insurance

PHILADELPHIA, Aug. 22, 2023 /PRNewswire/ -- The following statement is being issued by Kroll Settlement Administration regarding the Max Strength CVS-Brand Lidocaine Settlement (Bell et.

Key Points: 
  • PHILADELPHIA, Aug. 22, 2023 /PRNewswire/ -- The following statement is being issued by Kroll Settlement Administration regarding the Max Strength CVS-Brand Lidocaine Settlement (Bell et.
  • "Products" means all CVS-branded "maximum strength" lidocaine patches, creams, roll-ons, and spray products, including, but not limited to, the products listed in the First Amended Complaint.
  • If the Product you bought was sold under the CVS brand and says "maximum strength" on the box, you may qualify as a Settlement Class Member.
  • The Settlement provides a maximum of up to $3,800,000.00 (the "Settlement Sum") to pay Valid Claims, Class Counsel's Fee Award, and Class Representative Service Awards.

Stratasys Mails Letter to Shareholders Highlighting Nano Dimension's Track Record of Value Destruction

Retrieved on: 
Thursday, July 27, 2023
Software, Electronic Design Automation, Machinery, Packaging, Data Management, Chemicals, Plastics, Technology, Manufacturing, The Pleasure of Your Company, NOT, Failure, Wachtell, Lipton, Rosen & Katz, Enterprise value, Multimedia, Desktop Metal, Investment, Risk, Madison Avenue, Letter, Security (finance), Holding company, Cryptocurrency, Management, Objection, Stratasys

The partial tender offer value is certain and shareholders will receive their cash IMMEDIATELY after Nano closes its partial tender offer.

Key Points: 
  • The partial tender offer value is certain and shareholders will receive their cash IMMEDIATELY after Nano closes its partial tender offer.
  • If Nano completes the partial tender offer and acquires at least 31.9% to 36.9% of Stratasys, Nano will purchase the rest of the Stratasys shares.
  • Nano’s nominees could block Stratasys from engaging in discussions regarding any transactions that would maximize value for Stratasys shareholders.
  • In fact, without the value Stratasys has created for Nano through its 14.1% investment in Stratasys, we would expect that the value destruction will only increase.

Stratasys Intends to Engage in Discussions with 3D Systems to Determine Whether 3D Systems Would Ultimately Make a “Superior Proposal”

Retrieved on: 
Monday, July 17, 2023
Software, Technology, Other Technology, Slate, NOT, Wachtell, Lipton, Rosen & Katz, 3D, Superior (proposed U.S. state), Desktop Metal, 3D Systems, NYSE, 3D printing, Objection, Stratasys

To determine whether 3D Systems would ultimately make a “Superior Proposal”, Stratasys must first conduct proper due diligence on 3D Systems’ business and prospects.

Key Points: 
  • To determine whether 3D Systems would ultimately make a “Superior Proposal”, Stratasys must first conduct proper due diligence on 3D Systems’ business and prospects.
  • This includes examining 3D Systems’ forecast of $100 million of synergies and 3D Systems’ revenue growth and profitability.
  • In addition, Stratasys also intends to negotiate terms with 3D Systems, subject to the requirements of the Desktop Metal merger agreement.
  • J.P. Morgan is acting as exclusive financial advisor to Stratasys, and Meitar Law Offices and Wachtell, Lipton, Rosen & Katz are serving as legal counsel.

Stratasys Board of Directors Unanimously Rejects Nano Dimension’s Revised Partial Tender Offer

Retrieved on: 
Monday, July 17, 2023
Engineering, Chemicals, Plastics, Automotive Manufacturing, Technology, Aerospace, Manufacturing, Software, Slate, NOT, Wachtell, Lipton, Rosen & Katz, Nano, AND, Risk, 3D Systems, Cryptocurrency, Security (finance), Management, Holding company, Shareholder, Objection, Stratasys

Accordingly, the Board unanimously recommends that shareholders reject the revised partial offer, deliver a Notice of Objection against the partial offer and do NOT tender their Stratasys shares in the partial offer.

Key Points: 
  • Accordingly, the Board unanimously recommends that shareholders reject the revised partial offer, deliver a Notice of Objection against the partial offer and do NOT tender their Stratasys shares in the partial offer.
  • The Stratasys Board unanimously recommends that Stratasys shareholders vote ONLY on the WHITE proxy card “FOR” the re-election of the Stratasys Slate, consisting of the eight highly qualified current members of Stratasys’ Board.
  • Voting for Nano’s slate will enable Nano to take control of Stratasys without paying shareholders, irrespective of the partial tender offer.
  • Once controlling the Stratasys Board, Nano could use numerous conditions to walk away from the partial tender offer.

Stratasys Board of Directors Unanimously Rejects Nano Dimension’s Revised Partial Tender Offer

Retrieved on: 
Friday, June 30, 2023
Software, Technology, Chemicals, Plastics, Manufacturing, Shareholder, Wachtell, Lipton, Rosen & Katz, Nano, AND, Desktop Metal, Risk, Cryptocurrency, Security (finance), Objection, Stratasys

Accordingly, the Board unanimously recommends that shareholders reject the revised offer and deliver a Notice of Objection against the offer.

Key Points: 
  • Accordingly, the Board unanimously recommends that shareholders reject the revised offer and deliver a Notice of Objection against the offer.
  • On May 30, 2023, the Stratasys Board rejected Nano’s previous partial tender offer to acquire ordinary shares of Stratasys for $18.00 per share in cash.
  • Stratasys urges shareholders NOT to tender into Nano’s partial offer.
  • Stratasys has informed Nano, its tender offer agents and the Israeli courts that this process must be fixed so it is equally as accessible and easy for a beneficial owner of Stratasys shares to file a Notice of Objection as it is to tender shares into Nano’s partial tender offer.

Stratasys Urges Shareholders NOT to Tender into Nano Dimension’s Inadequate, Unsolicited, Partial Tender Offer

Retrieved on: 
Wednesday, June 21, 2023
Manufacturing, Technology, Engineering, Software, Chemicals, Plastics, NOT, Nano, Multimedia, Desktop Metal, History, Committee, Foreign investment, Committee on Foreign Investment in the United States, Cryptocurrency, 3D printing, Objection, Stratasys

Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys” or the “Company”), a leader in polymer 3D printing solutions, today urged its shareholders NOT to tender their shares into Nano Dimension Ltd.’s (Nasdaq: NNDM) (“Nano”) unsolicited partial tender offer to acquire ordinary shares of Stratasys for $18.00 per share in cash, and to deliver a Notice of Objection against the partial tender offer.

Key Points: 
  • Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys” or the “Company”), a leader in polymer 3D printing solutions, today urged its shareholders NOT to tender their shares into Nano Dimension Ltd.’s (Nasdaq: NNDM) (“Nano”) unsolicited partial tender offer to acquire ordinary shares of Stratasys for $18.00 per share in cash, and to deliver a Notice of Objection against the partial tender offer.
  • Nano’s partial tender offer is a coercive, highly opportunistic and self-interested attempt to acquire control of Stratasys and derail the Company’s significant growth opportunities and strategic plan for value creation.
  • Stratasys therefore believes that Nano will extend its partial tender offer on or before June 26.
  • Stratasys has informed Nano, its tender offer agents and the Israeli courts that this process must be fixed so it is equally as accessible and easy for a beneficial owner of Stratasys shares to file a Notice of Objection as it is to tender shares into Nano’s partial tender offer.

Stratasys Announces Receipt of Unsolicited Proposal from 3D Systems

Retrieved on: 
Thursday, June 1, 2023
Other Manufacturing, Technology, Engineering, Chemicals, Plastics, Software, Manufacturing, Machine Tools, Metalworking & Metallurgy, Hardware, Supply Chain Management, Retail, Desktop Metal, Wachtell, Lipton, Rosen & Katz, DM, Objection, 3D Systems, NYSE, 3D printing, Stratasys

Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys” or the “Company”), a leader in polymer 3D printing solutions, today announced that it has received an unsolicited non-binding indicative proposal from 3D Systems Corporation (NYSE: DDD) (“3D Systems”) to acquire Stratasys for $7.50 in cash and 1.2507 newly issued shares of common stock of 3D Systems per ordinary share of Stratasys.

Key Points: 
  • Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys” or the “Company”), a leader in polymer 3D printing solutions, today announced that it has received an unsolicited non-binding indicative proposal from 3D Systems Corporation (NYSE: DDD) (“3D Systems”) to acquire Stratasys for $7.50 in cash and 1.2507 newly issued shares of common stock of 3D Systems per ordinary share of Stratasys.
  • As announced on May 25, 2023, Stratasys entered into a merger agreement with Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal”) under which Stratasys and Desktop Metal will combine in an all-stock transaction.
  • The Stratasys Board of Directors will carefully review the 3D Systems proposal, in accordance with its fiduciary duties, and its obligations under Stratasys’ merger agreement with Desktop Metal, in consultation with its independent financial and legal advisors.
  • Stratasys shareholders do not need to take any action at this time with respect to the 3D Systems proposal.

Stratasys Board of Directors Unanimously Rejects Nano Dimension’s Partial Tender Offer

Retrieved on: 
Tuesday, May 30, 2023
Manufacturing, Other Manufacturing, Technology, Software, Chemicals, Plastics, Uncertainty, Combination company, Wachtell, Lipton, Rosen & Katz, Classification, Stereolithography, Sand, Desktop Metal, IP, History, Schedule, Digital Light Processing, Acquisition, Patent, Semantics, Risk, Growth, Cryptocurrency, 3D printing, Management, Bank, Security (finance), Risk management, Objection, Stratasys

Accordingly, the Board unanimously recommends that shareholders reject the offer and deliver a Notice of Objection against the offer.

Key Points: 
  • Accordingly, the Board unanimously recommends that shareholders reject the offer and deliver a Notice of Objection against the offer.
  • Despite previously having proposed an acquisition of Stratasys at $20.05 per share, which the Board rejected, Nano’s partial tender offer only offers shareholders $18.00 per share.
  • In addition, under Israeli law, if Nano consummates its offer, it and its affiliates will be prohibited for one year from conducting an additional tender offer for Stratasys shares or merging with Stratasys.
  • The Board wishes to emphasize to Stratasys’ shareholders the importance of delivering a Notice of Objection to reject Nano’s partial tender offer in addition to not tendering any shares in the offer.

Electrolux Group has received a Statement of Objections from the French Competition Authority

Retrieved on: 
Wednesday, February 22, 2023
Electrolux, Competition Authority, Competition, Maintenance, EU, Authority, Concurrence, Objection

A Statement of Objections is a formal step in an investigation whereby the investigation services of the French Competition Authority (Autorité de la Concurrence) inform the concerned parties of its preliminary findings (before the case is presented to the judging panel of the French Competition Authority).

Key Points: 
  • A Statement of Objections is a formal step in an investigation whereby the investigation services of the French Competition Authority (Autorité de la Concurrence) inform the concerned parties of its preliminary findings (before the case is presented to the judging panel of the French Competition Authority).
  • The Statement of Objections does not prejudge the final outcome of the case.
  • As previously disclosed in press releases and annual reports, the company became in 2013 the subject of an investigation by the French Competition Authority regarding possible violations of antitrust rules.
  • In the French Competition Authority's Statement of Objections it is alleged that various parties within the home appliance sector have breached the antitrust rules.