District court

CREDIT SUISSE REMINDER: Kessler Topaz Meltzer & Check, LLP Reminds Investors of Securities Fraud Class Action Lawsuit against Amgen Inc.

Retrieved on: 
Friday, March 24, 2023
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The complaints charge Credit Suisse with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects.

Key Points: 
  • The complaints charge Credit Suisse with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects.
  • As a result of Credit Suisse’s materially misleading statements and omissions to the public, Credit Suisse’s investors have suffered significant losses.
  • Kessler Topaz Meltzer & Check, LLP encourages Credit Suisse investors who have suffered significant losses to contact the firm directly to acquire more information.
  • The first class action complaint against Credit Suisse, Calhoun v. Credit Suisse Group AG, et al.

Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed on Behalf of Tupperware Brands Corporation (TUP) Investors and Encourages Investors to Contact the Firm Before May 19, 2023

Retrieved on: 
Friday, March 24, 2023
Class Action Lawsuit, Professional Services, Legal, Kirby, Tupperware, Bank statement, Tupperware Brands, District court, Annual report, Form, Court, Douglas v. U.S. District Court ex rel Talk America, News, NYSE, Audit

Investors have until May 19, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until May 19, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • On March 1, 2023, Tupperware announced that it had identified misstatements in prior annual and unaudited interim periods.
  • Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation.
  • The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.

If you purchased Canned or Pouched Tuna directly from Bumble Bee, Chicken of the Sea, StarKist, or Thai Union Group between June 1, 2011 and July 31, 2015, you may be affected by an ongoing litigation

Retrieved on: 
Friday, March 24, 2023
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A settlement was reached with Tri-Union Seafoods LLC d/b/a Chicken of the Sea and Thai Union Group PCL (collectively, "Settling Defendants" and, together with the "Non-Settling Defendants," "Defendants").

Key Points: 
  • A settlement was reached with Tri-Union Seafoods LLC d/b/a Chicken of the Sea and Thai Union Group PCL (collectively, "Settling Defendants" and, together with the "Non-Settling Defendants," "Defendants").
  • The claims deadline for that settlement with the Settling Defendants has passed and payments will be distributed at an appropriate time in the future.
  • The Court has indicated that it intends to set dates for the trial in the near future.
  • You do not have to attend the trial if you remain in the Litigation Class and do not exclude yourself.

Novo Integrated Sciences Provides Update on Certain Current Actions and Events

Retrieved on: 
Friday, March 24, 2023
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Novo Integrated Sciences, Inc. (NASDAQ: NVOS) (the “Company” or “Novo”), today provides an update with respect to certain actions and events, as follows:

Key Points: 
  • Novo Integrated Sciences, Inc. (NASDAQ: NVOS) (the “Company” or “Novo”), today provides an update with respect to certain actions and events, as follows:
    As previously reported, on December 23, 2022, Novo entered into a Share Purchase Agreement (the “SWAG Agreement”) with SwagCheck Inc. (“SWAG”) and the shareholders of SWAG, pursuant to which Novo agreed to purchase 100% of SWAG’s outstanding shares.
  • Pursuant to the terms of the SWAG Agreement, as amended, the SWAG Agreement was to close no later than January 10, 2023.
  • Although the SWAG Agreement has not yet closed, the parties continue to work together with the intention of closing the transaction.
  • Between February 13, 2023 and March 23, 2023 the Company issued 4,100,687 shares of common stock to certain note holders upon conversion of their notes.

NCLA Releases Video Depositions in Social Media Censorship Suit After Judge Orders Case to Be Heard

Retrieved on: 
Thursday, March 23, 2023
Vaccine, Learning, White House, Coercion, State, Supplement, Senior advisor, COVID-19, Immunity, Government, CDC, Injunction, Surgeon, District court, Mask, Complaint, Cybersecurity and Infrastructure Security Agency, FBI, NCLA, Federation, John Davis (U.S. district court judge), Big Tech, Memory, Social media, Pharmaceutical industry

Washington, D.C., March 23, 2023 (GLOBE NEWSWIRE) -- NCLA has released six video depositions taken in its federal lawsuit, State of Missouri, et al.

Key Points: 
  • Washington, D.C., March 23, 2023 (GLOBE NEWSWIRE) -- NCLA has released six video depositions taken in its federal lawsuit, State of Missouri, et al.
  • As revealed in Elvis Chan’s deposition, the FBI played a major role in working with Big Tech companies to censor speech.
  • Actions ranged from weekly meetings with social media companies to demanding takedowns of specific accounts and facilitating suppression of certain stories.
  • Now that the judge has allowed this case to proceed, we look forward to learning even more as the case enters the merits discovery phase.”

Athira Pharma Reports Full Year 2022 Financial Results and Recent Pipeline and Business Updates

Retrieved on: 
Thursday, March 23, 2023
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BOTHELL, Wash., March 23, 2023 (GLOBE NEWSWIRE) -- Athira Pharma, Inc. (NASDAQ: ATHA), a late clinical-stage biopharmaceutical company focused on developing small molecules to restore neuronal health and slow neurodegeneration, today announced the company’s financial results for the year ended December 31, 2022, and reviewed recent pipeline and business updates.

Key Points: 
  • BOTHELL, Wash., March 23, 2023 (GLOBE NEWSWIRE) -- Athira Pharma, Inc. (NASDAQ: ATHA), a late clinical-stage biopharmaceutical company focused on developing small molecules to restore neuronal health and slow neurodegeneration, today announced the company’s financial results for the year ended December 31, 2022, and reviewed recent pipeline and business updates.
  • We are targeting to complete enrollment of the LIFT-AD trial in mid-2023 and to have topline data in early 2024.
  • Fosgonimeton (ATH-1017) - Small molecule designed to enhance the activity of the HGF/MET system with the potential to protect and repair neuronal networks.
  • As of year-end 2022, greater than 85% of participants who have completed either study have elected to enroll in the OLEX trial.

Paltalk, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Thursday, March 23, 2023
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JERICHO, NY, March 23, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Paltalk, Inc. (“Paltalk,” the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a communications software innovator that powers multimedia social applications, today announced financial and operational results for the fourth quarter and year ended December 31, 2022.

Key Points: 
  • On September 7, 2022, the United States Patent Office issued a reexamination of U.S. Patent No.
  • Jason Katz, Chairman and CEO of Paltalk, commented, “We are encouraged with our sequential quarterly growth, as our fourth quarter revenue is 7% greater than what we reported for the third quarter of 2022.
  • Our operating expenses as a percentage of revenue declined to 129% for the fourth quarter of 2022 versus 140% for the third quarter of 2022, demonstrating our improved operating efficiencies.
  • Financial Results for Year Ended December 31, 2022
    Revenue for the year ended December 31, 2022 decreased by 17% to $11.0 million, compared to $13.3 million for the year ended December 31, 2021.

SEC Charges Three Sales Agents at StraightPath Venture Partners With Fraud and Unregistered Broker Activity

Retrieved on: 
Thursday, March 23, 2023
Financial Industry Regulatory Authority, IPO, Failure, Citadel LLC, Marketing, Commission, Lightspeed Venture Partners, Complaint, District court, Guarantee Security Life Insurance Company, Investment, Security (finance), Douglas v. U.S. District Court ex rel Talk America, Financial adviser, Hollender, Insurance, Vecchio

The Commission previously charged StraightPath Venture Partners, StraightPath Management LLC, and its four principals in May 2022 in connection with a $410 million fraud.

Key Points: 
  • The Commission previously charged StraightPath Venture Partners, StraightPath Management LLC, and its four principals in May 2022 in connection with a $410 million fraud.
  • The defendants allegedly provided investors with marketing materials, advised investors on the supposed merits of the investments, and received transaction-based compensation, all hallmarks of a broker, despite not being registered as brokers.
  • “StraightPath Venture Partners could not have cheated investors without the unregistered sales agents who fraudulently solicited them,” said Antonia M. Apps, Director of the New York Regional Office.
  • The SEC appreciates the assistance of the Financial Industry Regulatory Authority; the Office of the Montana State Auditor, Commissioner of Securities and Insurance; and the New Jersey Bureau of Securities.

SEC Charges Financial Adviser for Misappropriating More Than $1 Million From Current, Former NBA Players

Retrieved on: 
Thursday, March 23, 2023
Financial Industry Regulatory Authority, Economic methodology, Electric Bond and Share Company v. Securities and Exchange Commission, District court, Investment, NBA, Security (finance), Financial adviser

Cohen also allegedly sold life insurance settlements to the clients for kickbacks to fund his home improvements.

Key Points: 
  • Cohen also allegedly sold life insurance settlements to the clients for kickbacks to fund his home improvements.
  • "Protecting investors from fraud by their financial advisers is a priority for the SEC."
  • In a parallel action, the U.S. Attorney’s Office for the Southern District of New York today announced criminal charges against Cohen.
  • The SEC appreciates the assistance of the U.S. Attorney’s Office for the Southern District of New York and the Financial Industry Regulatory Authority.

MTCH CLASS ACTION ALERT: Kessler Topaz Meltzer & Check, LLP Reminds Match Group, Inc. Shareholders of Securities Fraud Class Action Lawsuit

Retrieved on: 
Thursday, March 23, 2023
MTCH, LLP, COPY, POF (dating website), Match Group, Lead, OkCupid, District court, Complaint, Court, Tinder, Growth, Defendant, News, Social media, Security (finance), Cryptocurrency, Risk management, Insurance, Match

1:23-cv-00245-MN, was filed in the United States District Court for the District of Delaware before the Honorable Maryellen Noreika.

Key Points: 
  • 1:23-cv-00245-MN, was filed in the United States District Court for the District of Delaware before the Honorable Maryellen Noreika.
  • Tinder, which generated more than half of Match’s revenue during the Class Period, is Match’s largest and most important brand.
  • Kessler Topaz Meltzer & Check, LLP encourages Match investors who have suffered significant losses to contact the firm directly to acquire more information.
  • The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel.