Failure

EQS-News: TUI AG successfully places € 487 million convertible bonds

Retrieved on: 
Friday, July 19, 2024

TUI AG (“TUI” or the “Company”) has successfully completed its offering of senior unsecured convertible bonds (the "Bonds").

Key Points: 
  • TUI AG (“TUI” or the “Company”) has successfully completed its offering of senior unsecured convertible bonds (the "Bonds").
  • The Bonds are due in 2031 and have an aggregate principal amount of € 487 million.
  • TUI intends to make an offer to buy back the existing convertible bonds (the “Convertible Bonds Tender Offer") and to finance this offer with the proceeds.
  • Unless previously converted, redeemed or repurchased and cancelled, the convertible bonds will be redeemed at their principal amount on 26 July 2031.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Marinus, 2U, and Lamb Weston and Encourages Investors to Contact the Firm

Retrieved on: 
Friday, July 19, 2024

On this news, 2U’s share price fell $1.35, or 56.72% to close at $1.03 on November 10, 2023, on unusually heavy trading volume.

Key Points: 
  • On this news, 2U’s share price fell $1.35, or 56.72% to close at $1.03 on November 10, 2023, on unusually heavy trading volume.
  • Lamb Weston also cut its sales guidance range for fiscal 2024 by $330 million, at the midpoint.
  • As a result of these disclosures, the price of Lamb Weston stock declined by $19.59 per share, or over 19%.
  • For more information on the Lamb Weston class action go to: https://bespc.com/cases/LW

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Teradata and Seritage and Encourages Investors to Contact the Firm

Retrieved on: 
Friday, July 19, 2024

Teradata, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics.

Key Points: 
  • Teradata, together with its subsidiaries, provides a connected multi-cloud data platform for enterprise analytics.
  • However, as the Company expanded its business model and strategic objectives, it increasingly began to engage with additional customer business units.
  • On February 13, 2023, Teradata issued a press release reporting its Q4 and full year 2022 financial results.
  • For more information on the Seritage class action go to: https://bespc.com/cases/SRG

PCVA Law attorneys sue Amazon on behalf of severely injured women burned by dangerous, defective infrared therapy lamp

Retrieved on: 
Thursday, July 18, 2024

SEATTLE, July 18, 2024 /PRNewswire-PRWeb/ -- A new lawsuit has been filed against Amazon.com on behalf of two women badly burned by a defective and dangerous infrared light therapy lamp they purchased on the shopping site.

Key Points: 
  • Two women seeking therapy for scarring purchased an infrared therapy lamp from Amazon based on recommendations and reviews.
  • SEATTLE, July 18, 2024 /PRNewswire-PRWeb/ -- A new lawsuit has been filed against Amazon.com on behalf of two women badly burned by a defective and dangerous infrared light therapy lamp they purchased on the shopping site.
  • The plaintiffs seek justice for the physical and emotional trauma inflicted upon them by the unsafe and negligently marketed infrared light therapy heat lamps.
  • The suit was filed by the law firms of Pfau Cochran Vertetis Amala PLLC and Hayes Law, A.P.C.

Strong progress – from a low base: here’s what’s in NSW’s biodiversity reforms

Retrieved on: 
Thursday, July 18, 2024

In response, the state government this week announced a major overhaul of the Biodiversity Conservation Act, introduced in 2016.

Key Points: 
  • In response, the state government this week announced a major overhaul of the Biodiversity Conservation Act, introduced in 2016.
  • The Minns govermment has committed to introducing 49 of 58 recommendations made by the review, either in full or in part.
  • Certainly – especially given the federal government has delayed reforms to national biodiversity laws.

How do you fix the offset problem?

  • You want to develop a prime chunk of waterfront land, even though there are endangered koalas feeding in the trees?
  • That’s fine, as long as you protect and improve koala habitat elsewhere to create an environmental gain equal to your destructive impact.
  • In reality, research has demonstrated offset projects rarely achieve their promise of enabling development with no net-loss of biodiversity.

What else has the government promised?


Other important promises in the NSW government’s plan include: bringing the state’s Biodiversity Conservation Act in line with national and international biodiversity conservation goals introducing a new nature strategy with targets for tackling threats, recovering threatened species, conserving landscapes and working to restore and connect fragmented landscapes across public and private land reviewing conservation programs to boost restoration efforts and support the goal of no new extinctions increasing recognition of First Nations cultural values and connection to Country, including bringing traditional ecological knowledge into environmental assessment processes expanding private land conservation agreements to recognise and protect Aboriginal cultural values and traditional ecological knowledge.

What was missed?

  • While these measures are positive, there’s one big gap – the failure to take stronger action against native vegetation clearing.
  • The speed at which intact natural habitat is being destroyed in NSW has actually increased since the current biodiversity laws were introduced in 2016.
  • The NSW Government’s own data show almost 100,000 hectares of native vegetation was cleared every year after the act was introduced.

Clashing laws

  • The Henry Review found the effectiveness of the state’s biodiversity laws are being actively undermined by other state laws.
  • When environmental conservation and economic growth clash, the economy usually wins.

No-go zones for development

  • But the government did not take up the review’s recommendation to institute development no-go zones around natural places of particular value, such as vital Ramsar-listed wetlands and critical habitat of threatened species.
  • No-go zones would provide clarity for developers and protect the habitat of our most critically threatened native species.

Progress – from a very low base

  • It’s progress, most certainly – but starting from a very low base.
  • The natural infrastructure (functioning ecosystems, habitats and species) that underpin the economy and wellbeing of NSW has been steadily eroding since European arrival.
  • Without major reform, half of these species are projected to go extinct over the next century, according to the Henry Review.

RBB Bancorp Declares Quarterly Cash Dividend of $0.16 Per Common Share

Retrieved on: 
Thursday, July 18, 2024

LOS ANGELES, July 18, 2024 (GLOBE NEWSWIRE) -- RBB Bancorp (NASDAQ: RBB ) and its subsidiaries, Royal Business Bank ("the Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company", announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per common share.

Key Points: 
  • LOS ANGELES, July 18, 2024 (GLOBE NEWSWIRE) -- RBB Bancorp (NASDAQ: RBB ) and its subsidiaries, Royal Business Bank ("the Bank") and RBB Asset Management Company ("RAM"), collectively referred to herein as "the Company", announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per common share.
  • The dividend is payable on August 12, 2024 to common shareholders of record as of July 31, 2024.
  • RBB Bancorp is a bank holding company headquartered in Los Angeles, California.
  • As of March 31, 2024, the Company had total assets of $3.9 billion.

Southwest Airlines Sued for Failure to Protect Minor from In-Flight Sexual Assault

Retrieved on: 
Thursday, July 18, 2024

COSTA MESA, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Greenberg Gross LLP has filed a lawsuit in the United States District Court for the Central District of California against Southwest Airlines for failure to protect a minor passenger from a foreseeable in-flight sexual assault.

Key Points: 
  • COSTA MESA, Calif., July 18, 2024 (GLOBE NEWSWIRE) -- Greenberg Gross LLP has filed a lawsuit in the United States District Court for the Central District of California against Southwest Airlines for failure to protect a minor passenger from a foreseeable in-flight sexual assault.
  • The assault occurred on a connecting flight from Las Vegas to Portland on July 4, 2022.
  • The lawsuit highlights a pattern of negligence by Southwest in addressing and preventing in-flight sexual assaults, which are occurring on major airlines at an alarming rate.
  • This lawsuit is part of a disturbing and growing trend of in-flight sexual assaults that airlines are failing to adequately address:

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Charge Enterprises, Inc. (CRGE)

Retrieved on: 
Thursday, July 18, 2024

Then, on February 28, 2024, Charge announced that it had entered into a Restructuring Support Agreement with two affiliates of Arena.

Key Points: 
  • Then, on February 28, 2024, Charge announced that it had entered into a Restructuring Support Agreement with two affiliates of Arena.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
  • Glancy Prongay & Murray LLP, Los Angeles

The Tel Aviv Stock Exchange (TASE) Update its Pricelist for Custody Services (Account Management Fees) of the TASE Clearing House

Retrieved on: 
Thursday, July 18, 2024

TEL AVIV, Israel, July 18, 2024 /PRNewswire/ -- Further to a review conducted by The Tel-Aviv Stock Exchange Ltd. (TASE: TASE) (hereafter - "TASE") in recent months, with the assistance of international consultants, regarding the fees charged at securities' exchanges and clearing houses worldwide, which found, inter alia, that both in relation to custody services and in relation to other clearing services, the tariffs of the TASE Clearing House in Israel are significantly lower compared to the standard fees worldwide, TASE seeks to update the custody fee charged from its members (hereafter - "the Pricelist Update").

Key Points: 
  • TEL AVIV, Israel, July 18, 2024 /PRNewswire/ -- Further to a review conducted by The Tel-Aviv Stock Exchange Ltd. (TASE: TASE) (hereafter - "TASE") in recent months, with the assistance of international consultants, regarding the fees charged at securities' exchanges and clearing houses worldwide, which found, inter alia, that both in relation to custody services and in relation to other clearing services, the tariffs of the TASE Clearing House in Israel are significantly lower compared to the standard fees worldwide, TASE seeks to update the custody fee charged from its members (hereafter - "the Pricelist Update").
  • The Pricelist Update will be carried out in three annual steps, so as to reduce the aforesaid gap between the fee charged in Israel and the customary commission in comparable capital markets.
  • TASE will publish a draft proposal for public comments.
  • It should be noted that the Pricelist Update is subject to the approval of the Board of Directors of TASE and of the Israel Securities Authority.

Dynabook Unveils New AI-Infused 14- and 16-inch Tecra® A-Series Business Laptops with Intel® Core™ Ultra Processors and Microsoft Copilot

Retrieved on: 
Thursday, July 18, 2024

IRVINE, Calif., July 18, 2024 /PRNewswire/ -- Dynabook Americas, Inc., the gold standard for long-lasting, professional-grade laptops, today unveiled its latest Copilot-enhanced professional laptops – the all-new 14-inch Tecra® A40-M and 16-inch Tecra® A60-M. Engineered with Intel® Core™ Ultra processors (Series 1) these new Windows 11 Pro laptops fuse cutting-edge hardware with advanced AI to redefine productivity and performance for modern professionals and educators.

Key Points: 
  • Engineered with Intel® Core™ Ultra processors (Series 1) these new Windows 11 Pro laptops fuse cutting-edge hardware with advanced AI to redefine productivity and performance for modern professionals and educators.
  • Both laptops feature Copilot AI and are equipped with a dedicated Copilot key for quick AI assistance on workflows and tasks.
  • Dynabook laptops boast one of the lowest failure rates in the industry, which is why it offers one of the best standard warranties in the business.
  • The Tecra A40-M and Tecra A60-M can be custom ordered today from authorized Dynabook partners, with each model starting under $1,300.