Sarbanes

New NCLA Lawsuit Exposes Public Company Accounting Oversight Board’s Star Chamber Proceedings

Retrieved on: 
Tuesday, March 5, 2024

NCLA’s client, John Doe (a pseudonym used to protect his anonymity), asks the Court to stop these disciplinary proceedings and declare them unconstitutional.

Key Points: 
  • NCLA’s client, John Doe (a pseudonym used to protect his anonymity), asks the Court to stop these disciplinary proceedings and declare them unconstitutional.
  • NCLA is pleased to partner with Tom Potter in the Nashville office of Burr & Forman LLP on this important matter of first impression.
  • After years of intrusive investigation, PCAOB can impose punishing sanctions against individual accountants and accounting firms in its regulatory ambit.
  • The Board’s disciplinary proceedings deprive John Doe of his right to a jury trial, violating the Sixth and Seventh Amendments.

Grupo Aeroportuario del Pacifico Reports in February 2024 A Passenger Traffic Increase of 1.7% Compared to 2023

Retrieved on: 
Tuesday, March 5, 2024

The load factors for the month went from 78.3% in February 2023 to 81.7% in February 2024.

Key Points: 
  • The load factors for the month went from 78.3% in February 2023 to 81.7% in February 2024.
  • Grupo Aeroportuario del Pacífico, S.A.B.
  • The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements.
  • The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors.

Grupo Aeroportuario Del Pacifico Announces Annual General Ordinary And Extraordinary Shareholders’ Meeting

Retrieved on: 
Thursday, February 29, 2024

GUADALAJARA, Mexico, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B.

Key Points: 
  • GUADALAJARA, Mexico, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B.
  • de C.V. invites its shareholders to the General Ordinary and General Extraordinary Shareholders’ Meeting on April 25, 2024 at 12:00 and 2:00 pm, respectively, in Salon Midtown Ballroom 3, 3rd floor of the Hilton Hotel, located at Av.
  • V. Cancellation of any amounts outstanding under the share repurchase program approved at the Annual General Ordinary Shareholders’ Meeting that took place on April 13, 2023, which amounts to Ps.
  • The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors.

LianBio Announces Voluntarily Delisting from Nasdaq

Retrieved on: 
Wednesday, February 28, 2024

SHANGHAI, China and PRINCETON, N.J., Feb. 28, 2024 (GLOBE NEWSWIRE) -- LianBio (Nasdaq: LIAN) (“LianBio” or the “Company”), a biotechnology company dedicated to bringing innovative medicines to patients in China and other major Asian markets, today announced that it has provided notification to The Nasdaq Stock Market, Inc. (“Nasdaq”) of its intent to delist the Company’s American Depositary Shares (“ADSs”), each representing the right to receive one ordinary share of the Company, from the Nasdaq Global Market.

Key Points: 
  • SHANGHAI, China and PRINCETON, N.J., Feb. 28, 2024 (GLOBE NEWSWIRE) -- LianBio (Nasdaq: LIAN) (“LianBio” or the “Company”), a biotechnology company dedicated to bringing innovative medicines to patients in China and other major Asian markets, today announced that it has provided notification to The Nasdaq Stock Market, Inc. (“Nasdaq”) of its intent to delist the Company’s American Depositary Shares (“ADSs”), each representing the right to receive one ordinary share of the Company, from the Nasdaq Global Market.
  • LianBio expects to file a Form 25 (Notification of Removal from Listing) with the Securities and Exchange Commission (the “SEC”) and Nasdaq relating to the voluntary delisting of its ADSs on or about March 11, 2024.
  • Following the delisting, any trading in the Company’s ADSs would only occur in privately negotiated sales and potentially on an over-the-counter market.
  • The Board believes that the decision to delist the ADSs from the Nasdaq and deregister and suspend its reporting obligations under the Exchange Act is in the best interests of the Company and the holders of its ordinary shares and ADSs.

Polestar secures USD 1 billion external funding; business outlook confirmed

Retrieved on: 
Wednesday, February 28, 2024

Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, announces that it has secured USD 950 million in external funding.

Key Points: 
  • Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, announces that it has secured USD 950 million in external funding.
  • View the full release here: https://www.businesswire.com/news/home/20240228093729/en/
    Polestar lineup including Polestar 2, Polestar 3, Polestar 4, Polestar 5.
  • Finally, in addition to the secured USD 950 million in external funding, the recently announced new shareholder structure in Polestar provides a solid basis for the brand’s further business development.
  • Polestar management will hold a live audio webcast tomorrow, February 29, 2024 at 08:00 ET (14:00 CET) to discuss the Company’s business and outlook update.

Employers Holdings, Inc. Reports Fourth Quarter 2023 and Full-Year Financial Results; Declares Quarterly Cash Dividend of $0.28 per Share

Retrieved on: 
Thursday, February 15, 2024

Chief Executive Officer Katherine Antonello commented: “We are thrilled with our fourth quarter and full-year 2023 results.

Key Points: 
  • Chief Executive Officer Katherine Antonello commented: “We are thrilled with our fourth quarter and full-year 2023 results.
  • Our fourth quarter full reserve study led to the recognition of $24.6 million of net favorable prior year loss reserve development from our voluntary business.
  • Beyond our financial results, we completed a full integration of Cerity’s operations into those of Employers during the fourth quarter.
  • During the fourth quarter of 2023, the Company repurchased 400,334 shares of its common stock at an average price of $38.40 per share.

LianBio Announces Completion of Strategic Review

Retrieved on: 
Tuesday, February 13, 2024

“In October 2023, the Board of Directors initiated a comprehensive strategic review of the Company, including numerous options for the future of the Company, as our commitment to represent the best interests of LianBio and shareholders,” said Konstantin Poukalov, Founder and Executive Chairman of LianBio’s Board.

Key Points: 
  • “In October 2023, the Board of Directors initiated a comprehensive strategic review of the Company, including numerous options for the future of the Company, as our commitment to represent the best interests of LianBio and shareholders,” said Konstantin Poukalov, Founder and Executive Chairman of LianBio’s Board.
  • However, there is no guarantee that any shareholder’s original investment, or any material amount, will be recovered.
  • The Company expects to pay the dividend to its holders of record of ordinary shares on or about March 11, 2024.
  • The Depositary will re-open the books for ADS cancellations at the close of business in New York City on March 18, 2024.

Cooper Standard Promotes Nudd to Vice President, Chief Accounting Officer

Retrieved on: 
Monday, February 12, 2024

NORTHVILLE, Mich., Feb. 12, 2024 /PRNewswire/ -- Cooper Standard (NYSE: CPS) today announced the promotion of Alison Nudd to vice president, chief accounting officer effective March 1, 2024.

Key Points: 
  • NORTHVILLE, Mich., Feb. 12, 2024 /PRNewswire/ -- Cooper Standard (NYSE: CPS) today announced the promotion of Alison Nudd to vice president, chief accounting officer effective March 1, 2024.
  • In her new role, Nudd will be responsible for the Company's accounting function, financial reporting including Securities and Exchange Commission (SEC) reporting, financial systems, and the Company's global business services.
  • Based at the Company's world headquarters in Northville, she will report to Jonathan Banas, executive vice president and chief financial officer.
  • Previously, she served as senior director financial reporting where she led corporate accounting and consolidations, external reporting and technical accounting.

Supreme Court Upholds Corporate Whistleblower Protections in Landmark Ruling

Retrieved on: 
Thursday, February 8, 2024

The decision in the case, Murray v. UBS Securities, LLC, has immense implications for a number of whistleblower protection laws .

Key Points: 
  • The decision in the case, Murray v. UBS Securities, LLC, has immense implications for a number of whistleblower protection laws .
  • "This is a major win for whistleblowers and thus a huge win for corporate accountability," said leading whistleblower attorney David Colapinto , a founding partner of Kohn, Kohn & Colapinto .
  • "A ruling in favor of UBS would have overturned more than 20 years of precedent in SOX whistleblower cases and made it exceedingly more difficult for whistleblowers who claim retaliation under many similarly worded federal whistleblower statutes," Colapinto continued.
  • This Court cannot override that policy choice by giving employers more protection than the statute itself provides."

Grupo Aeroportuario del Pacifico Reports in January 2024 a Passenger Traffic Decrease of 0.6% Compared to 2023

Retrieved on: 
Wednesday, February 7, 2024

The load factors for the month went from 78.8% in January 2023 to 81.4% in January 2024.

Key Points: 
  • The load factors for the month went from 78.8% in January 2023 to 81.4% in January 2024.
  • Grupo Aeroportuario del Pacífico, S.A.B.
  • The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements.
  • The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors.