Prejudice

Pacific Coast Oil Trust Announces There Will Be No October Cash Distribution

Retrieved on: 
Friday, October 27, 2023
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The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.

Key Points: 
  • The net profits deficit must be recouped from proceeds otherwise payable to the Trust from the Net Profits Interests.
  • Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the “Underlying Properties”).
  • Any anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from PCEC with respect to the relevant period.
  • Any differences in actual cash receipts by the Trust could affect this distributable amount.

Bernstein Litowitz Berger & Grossmann LLP Announces Pendency of Class Action and Proposed Settlement Involving Purchasers of Splunk Inc. Common Stock from May 21, 2020 to December 2, 2020, Inclusive

Retrieved on: 
Tuesday, October 31, 2023
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YOU ARE ALSO NOTIFIED that Lead Plaintiff in the Action has reached a proposed settlement of the Action for $30,000,000 in cash (the "Settlement"), that, if approved, will resolve all claims in the Action.

Key Points: 
  • YOU ARE ALSO NOTIFIED that Lead Plaintiff in the Action has reached a proposed settlement of the Action for $30,000,000 in cash (the "Settlement"), that, if approved, will resolve all claims in the Action.
  • The Action involves allegations that Splunk and certain of its senior officers violated federal securities laws.
  • All questions about this notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to Lead Counsel or the Claims Administrator.
  • Inquiries, other than requests for the Notice and Claim Form, should be made to Lead Counsel:
    2121 Avenue of the Stars, Suite 2575

New stamp celebrates hockey pioneer Willie O'Ree

Retrieved on: 
Saturday, October 28, 2023
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EDMONTON, AB, Oct. 28, 2023 /CNW/ - Canada Post issued a new commemorative stamp honouring the life and legacy of Willie O'Ree, the National Hockey League's first Black player.

Key Points: 
  • EDMONTON, AB, Oct. 28, 2023 /CNW/ - Canada Post issued a new commemorative stamp honouring the life and legacy of Willie O'Ree, the National Hockey League's first Black player.
  • The stamp was unveiled at an event Saturday in Edmonton as part of the 2023 Tim Hortons NHL Heritage Classic weekend festivities.
  • Following a trailblazing career, O'Ree has continued to inspire generations of Canadians, dedicating his life to promoting diversity and inclusion in hockey.
  • In 2018, O'Ree was inducted to the Hockey Hall of Fame for his work on and off the ice, and the NHL has since created the Willie O'Ree Community Hero Award in his honour.

Bernstein Litowitz Berger & Grossman LLP and Friedman Oster & Tejtel PLLC Announce Notice of Pendency and Proposed Settlement of Stockholder Class and Derivative Action Involving Holders of R1 RCM Inc. Common Stock from August 18, 2020, Through the Close

Retrieved on: 
Friday, October 27, 2023
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Certain persons and entities are excluded from the Settlement Class by definition, as set forth in the full Notice of Pendency and Proposed Settlement of Stockholder Class and Derivative Action, Settlement Hearing, and Right to Appear (the "Notice"), available at www.R1StockholdersLitigation.com .

Key Points: 
  • Certain persons and entities are excluded from the Settlement Class by definition, as set forth in the full Notice of Pendency and Proposed Settlement of Stockholder Class and Derivative Action, Settlement Hearing, and Right to Appear (the "Notice"), available at www.R1StockholdersLitigation.com .
  • your rights will be affected by a class and derivative action lawsuit pending in this court.
  • As explained in further detail in the Notice, Eligible Class Members do not have to submit a claim form to receive a payment from the Net Class Settlement Fund.
  • All questions about this Summary Notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to the Settlement Administrator or Lead Counsel.

Rithm Capital Corp. Enters into Amended Merger Agreement to Acquire Sculptor Capital Management For $12.70 Per Sculptor Class A Share

Retrieved on: 
Friday, October 27, 2023
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Rithm Capital Corp. (NYSE: RITM; “Rithm”) and Sculptor Capital Management Inc. (NYSE: SCU; “Sculptor”) today announced they have amended the terms of their previously announced definitive merger agreement (the “Amended Agreement”), pursuant to which Rithm will acquire Sculptor.

Key Points: 
  • Rithm Capital Corp. (NYSE: RITM; “Rithm”) and Sculptor Capital Management Inc. (NYSE: SCU; “Sculptor”) today announced they have amended the terms of their previously announced definitive merger agreement (the “Amended Agreement”), pursuant to which Rithm will acquire Sculptor.
  • The Transaction represents a premium of 49.4% over the unaffected November 17, 2022, closing Class A share price of $8.50.
  • Michael Nierenberg, Chairman, Chief Executive Officer and President of Rithm stated, “We remain thrilled to partner with Sculptor and thank Dan and the other founders for their support of Rithm’s amended agreement.
  • J.P. Morgan Securities LLC acted as financial advisor and Ropes & Gray LLP acted as legal counsel to Sculptor.

Pomerantz LLP Announces Notice of Pendency and Proposed Settlement For All Persons Who Purchased, or Otherwise Acquired, The American Depositary Shares of Orphazyme A/S in its September 2020 Initial Public Offering or Between September 29, 2020 and Novemb

Retrieved on: 
Thursday, October 26, 2023
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You are receiving this Notice because the Court has certified a class of investors for settlement purposes only ("Settlement Class") and you may be a member of the Settlement Class ("Settlement Class Member").

Key Points: 
  • You are receiving this Notice because the Court has certified a class of investors for settlement purposes only ("Settlement Class") and you may be a member of the Settlement Class ("Settlement Class Member").
  • All members of the Settlement Class who have not requested exclusion from the Settlement Class will be bound by any Judgment entered in the Action pursuant to the Settlement Stipulation.
  • Any questions regarding the Settlement should be directed to Lead Counsel for the Settlement Class.
  • PLEASE DO NOT CONTACT THE COURT, THE CLERK'S OFFICE, THE DEFENDANTS, OR DEFENDANTS' COUNSEL REGARDING THIS NOTICE.

Hepsiburada Announces Finalization of Class Actions and Changes to the Executive Management Team

Retrieved on: 
Tuesday, October 24, 2023
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ISTANBUL, Turkey, Oct. 24, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announced the finalization of the class actions and changes to its executive management team.

Key Points: 
  • ISTANBUL, Turkey, Oct. 24, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announced the finalization of the class actions and changes to its executive management team.
  • 655701/2021 (“State Action”).
  • The Federal Action was finally concluded on August 1, 2023 with the order and final judgment of the Federal Court approving the settlement.
  • As a result, both the Federal Action and the State Action have been finally resolved without admission of any wrongdoing.

Microbot Medical Announces Grant of Summary Judgment in its Favor and Dismissal of Counterclaim Against Company

Retrieved on: 
Thursday, October 19, 2023
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In its Memorandum Decision and Order, the Court adopted in full the Magistrate Judge’s Report and Recommendation, which had recommended that the Court grant Microbot’s motion for summary judgment and dismiss defendant’s counterclaim with prejudice.

Key Points: 
  • In its Memorandum Decision and Order, the Court adopted in full the Magistrate Judge’s Report and Recommendation, which had recommended that the Court grant Microbot’s motion for summary judgment and dismiss defendant’s counterclaim with prejudice.
  • In its ruling, in part, the Court held that the defendant failed to raise a triable issue of fact in support of his claim.
  • Microbot previously announced that a judgment in the action against defendant and in favor of Microbot in the amount of $484,614.30 was entered, and no appeal was filed.
  • As the counterclaim has now been dismissed, the Company is now seeking to enforce the judgment as against defendant.

Pivotal Systems Resolves Outstanding Claims

Retrieved on: 
Friday, October 20, 2023
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Pivotal Systems Corporation (ASX: PVS, “Pivotal” or the “Company”), a leading provider of innovative gas flow control (GFC) solutions to the semiconductor industry, reached a comprehensive settlement with Flow Devices and Systems, Inc. (“FDS”) as well as Bhushan Somani and other affiliates resolving all outstanding claims regarding intellectual property among the parties.

Key Points: 
  • Pivotal Systems Corporation (ASX: PVS, “Pivotal” or the “Company”), a leading provider of innovative gas flow control (GFC) solutions to the semiconductor industry, reached a comprehensive settlement with Flow Devices and Systems, Inc. (“FDS”) as well as Bhushan Somani and other affiliates resolving all outstanding claims regarding intellectual property among the parties.
  • FDS and Bhushan Somani agreed that Pivotal Systems is not liable for infringement of the Patent, and each agree that neither they nor any Affiliates (as described in the Settlement Agreement) will ever assert any claim for patent infringement against Pivotal Systems Corporation or any of the Pivotal Systems Releasees (as defined in the Settlement Agreement).
  • If you have been contacted by Flow Devices and Systems, Bhushan Somani, or a representative of the group, please contact Pivotal Systems Corporation at the email and phone number available at www.pivotalsys.com .
  • In the litigation, Pivotal Systems Corporation was represented by The Norton Law Firm PC and DLA Piper.

In Landmark SEC Surrender, Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen Are Cleared Of All Baseless Allegations

Retrieved on: 
Thursday, October 19, 2023
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Ripple , the leader in enterprise blockchain and crypto solutions, announced today that CEO Brad Garlinghouse and Executive Chairman Chris Larsen were cleared of all claims brought against them by the U.S. Securities and Exchange Commission (SEC).

Key Points: 
  • Ripple , the leader in enterprise blockchain and crypto solutions, announced today that CEO Brad Garlinghouse and Executive Chairman Chris Larsen were cleared of all claims brought against them by the U.S. Securities and Exchange Commission (SEC).
  • "For nearly three years, Chris and I have been the subject of baseless allegations from a rogue regulator with a political agenda," said Ripple CEO Brad Garlinghouse.
  • And today, in a capitulation, the SEC dismissed with prejudice the claims against Ripple’s CEO and Chairman that were scheduled for trial next year.
  • Globally, Ripple continues to pursue active dialogue with policymakers and regulators to drive responsible innovation within the digital assets industry.