Rule

Mid Atlantic Trust Company Takes Leading Role in Supporting Department of Labor Efforts to Protect Retirement Plan Participant Accounts

Retrieved on: 
Friday, January 26, 2024
Professional Services, White House, Federal Government, Public Policy, Government, Legal, Insurance, Labor, Independent, ETF, Rule, Retirement, MATC, Client, Financial adviser

Today, the United States Department of Labor brought an action in Federal court in the Western District of Pennsylvania against retirement plan recordkeeper RiversEdge Advanced Retirement Solutions, LLC and its President & CEO, Paul Palguta, to protect the retirement benefits of RiversEdge plan customers.

Key Points: 
  • Today, the United States Department of Labor brought an action in Federal court in the Western District of Pennsylvania against retirement plan recordkeeper RiversEdge Advanced Retirement Solutions, LLC and its President & CEO, Paul Palguta, to protect the retirement benefits of RiversEdge plan customers.
  • Mid Atlantic Trust Company has served as the non-discretionary custodian of these RiversEdge plan clients and continues to provide forensic and informational support to the DOL as the DOL pursues these claims against RiversEdge.
  • The DOL action lists Mid Atlantic and Schwab as Rule 19 defendants.
  • We are thankful DOL stepped in to address our concerns about actions by RiversEdge and will continue to work with regulatory bodies and appointed agents to help protect affected plans.”
    Mid Atlantic Trust Company (MATC), doing business as American Trust Custody, and its affiliated companies serve more than 125,000 retirement plans and trust accounts.

Metals Acquisition Limited Progresses Australian Securities Exchange Dual Listing with Lodgement of Prospectus

Retrieved on: 
Friday, January 26, 2024
Mining, Minerals, Natural Resources, Slate, ASX, Share (finance), Broker, Person, Institution, CDI, Acquisition, IPO, Rule, Priority, Prospectus, Australian Securities Exchange

As previously announced, Metals Acquisition Limited (NYSE:MTAL) (“MAC” or the “Company”) has been progressing a secondary listing on the Australian Securities Exchange (“ASX”) and is pleased to provide an update in relation to its proposed ASX listing.

Key Points: 
  • As previously announced, Metals Acquisition Limited (NYSE:MTAL) (“MAC” or the “Company”) has been progressing a secondary listing on the Australian Securities Exchange (“ASX”) and is pleased to provide an update in relation to its proposed ASX listing.
  • The Shares underlying the CDIs will rank equally with the Shares currently on issue in the Company.
  • Barrenjoey Markets Pty Limited and Canaccord Genuity (Australia) Limited are acting as joint lead managers to the IPO (“Joint Lead Managers”).
  • An indicative timetable in relation to the Offer and Listing is set out below.

Class Action Defense Litigator and Strategist Moves to Shook

Retrieved on: 
Monday, January 29, 2024
Rule, American University, Senior counsel, Executive Committee, Lawyer, Food, Diversity, Health, Los, Legislation, Science, ALM, Washington College of Law, Minority, Class action, Accessibility, Appeal, Communication

"In courtrooms and boardrooms, Shook is well-respected for its trial practice and defense of consumer class actions, and I'm excited to join such a talented group of lawyers," said Shortnacy.

Key Points: 
  • "In courtrooms and boardrooms, Shook is well-respected for its trial practice and defense of consumer class actions, and I'm excited to join such a talented group of lawyers," said Shortnacy.
  • Best Lawyers awarded Shook the 2024 Practice Group of the Year for Mass Tort Litigation/Class Action – Defendants.
  • Shook currently has California offices in Los Angeles, Orange County and San Francisco.
  • To speak to a Shook attorney, contact the Director of Communications Heather McMichael, [email protected] , 816.389.0419.

Dingdong Announces US$20.0 Million Share Repurchase Program

Retrieved on: 
Monday, January 29, 2024
DDL, Share repurchase, Cayman, Rule

SHANGHAI, Jan. 29, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), leading fresh grocery e-commerce company in China, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$20.0 million of its shares over a period until January 28, 2025.

Key Points: 
  • SHANGHAI, Jan. 29, 2024 /PRNewswire/ -- Dingdong (Cayman) Limited ("Dingdong" or the "Company") (NYSE: DDL), leading fresh grocery e-commerce company in China, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$20.0 million of its shares over a period until January 28, 2025.
  • After the publication of the annual results of the Company on or before March 31, 2024, the management may implement the share repurchase, including but not limited to implementing the share repurchase in accordance with plans under the Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended.
  • The Company's board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size.
  • Given the confidence in the Company's sufficient cash reserves and cash flow, the Company expects to fund the repurchases out of its existing cash balance.

Wikipedia for 2024 Breaks Down the Rules and Trends Shaping Strategies in the Wikipedia and AI Era

Retrieved on: 
Wednesday, January 24, 2024
Synthetic media, Rule, Siri, Notability, Discovery Channel, Friends, Business, AI, Fortune 1000, PR, Time Warner Cable, Alexa, Advertising, Organization, Internet, Marketing, TMG

VIENNA, Va., Jan. 24, 2024 /PRNewswire-PRWeb/ -- #1 in Public Relations last year, this annual publication is here to get businesses ready for 2024.

Key Points: 
  • VIENNA, Va., Jan. 24, 2024 /PRNewswire-PRWeb/ -- #1 in Public Relations last year, this annual publication is here to get businesses ready for 2024.
  • That's the truth laid out by Josh Greene in his newest book, Wikipedia for 2024: The Rules & Latest Developments that Businesses & Communicators Need to Know to Succeed.
  • Wikipedia for 2024 is Greene's way of giving industry professionals their own, always available, Wikipedia expert.
  • It requires specific, unique strategies, and a deep understanding of its many rules, guidelines, and public editors.

Baozun Announces US$20 million Share Repurchase Program

Retrieved on: 
Wednesday, January 24, 2024
Digital, Stock exchange, Share repurchase, HKEX, Rule, Exercise

After the publication of the annual results announcement of the Company on or before March 31, 2024, the management of Baozun may implement the share repurchase, including but not limited to implementing the share repurchase in accordance with plans under the Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended.

Key Points: 
  • After the publication of the annual results announcement of the Company on or before March 31, 2024, the management of Baozun may implement the share repurchase, including but not limited to implementing the share repurchase in accordance with plans under the Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended.
  • The Company's board of directors will keep reviewing the share repurchase program periodically.
  • As at the date of this announcement, no share repurchase plan has been entered into and shareholders and prospective investors of the Company should note that there is no assurance of the timing, quantity or price of any share repurchase or whether the Company will make any repurchase at all.
  • Statements that are not historical facts, including but not limited to statements about Baozun's beliefs and expectations, are forward-looking statements.

Press release - Release of frozen EU funds to Hungary: MEPs to debate next steps with Commission

Retrieved on: 
Wednesday, January 24, 2024
European Parliament, Commission, RRF, Fundamental rights, Justice, EBS, European, Civil service commission, European Commission, Recovery, Budget, Administration, EPP, Risk, Parliament, Rule, EUR, Reynders, Council, Eider

On Wednesday, Budgets and Budgetary Control Committee MEPs will quiz commissioners Hahn, Reynders and Schmit about the partial release of previously frozen funds to Hungary.

Key Points: 
  • On Wednesday, Budgets and Budgetary Control Committee MEPs will quiz commissioners Hahn, Reynders and Schmit about the partial release of previously frozen funds to Hungary.
  • Parliament had also warned that it would look into whether legal action should be pursued to overturn the Commission’s decision.
  • Consequently, 55% of budgetary commitments (approximately EUR 6.3 billion) in EU cohesion funding for Hungary are currently frozen.
  • In December 2023, the Commission recognised Hungary's judicial reforms as meeting the fundamental requirement of judicial independence under the Charter of Fundamental Rights.

FTC says this Dude didn’t abide – by the law, that is

Retrieved on: 
Saturday, January 20, 2024
Online, People, Social Security, Record, Privacy, Internet, Social media, Social, Policy, The Big Lebowski, Review, Blog, Comment, Shoe, Fraud, Dude, Federal Trade Commission, Rule, Disclosure, Hey Dude, Time, Nature, Marketing, Complaint, FTC, Online shopping

FTC says this Dude didn’t abide – by the law, that isWhat’s more, the complaint charges that Hey Dude Shoes posted five-star consumer reviews on its website, but didn’t publish less favorable reviews.

Key Points: 

FTC says this Dude didn’t abide – by the law, that is

  • What’s more, the complaint charges that Hey Dude Shoes posted five-star consumer reviews on its website, but didn’t publish less favorable reviews.
  • In some ads, Hey Dude promised, “All orders placed Monday-Thursday are processed and shipped within 1 business day.
  • Orders placed Friday afternoon-Sunday will be processed the following Monday.” But according to the FTC, Hey Dude engaged in a host of illegal fulfillment and refund practices.

Bone Biologics Regains Compliance with Nasdaq Continued Listing Requirements

Retrieved on: 
Wednesday, January 10, 2024
Radiology, Health, Surgery, Medical Devices, Rule

Bone Biologics Corporation (“Bone Biologics” or the “Company”) (Nasdaq: BBLG, BBLGW), a developer of orthobiologic products for spine fusion markets, today announced that it has received notice from The NASDAQ Stock Market LLC (Nasdaq) informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.

Key Points: 
  • Bone Biologics Corporation (“Bone Biologics” or the “Company”) (Nasdaq: BBLG, BBLGW), a developer of orthobiologic products for spine fusion markets, today announced that it has received notice from The NASDAQ Stock Market LLC (Nasdaq) informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.
  • Bone Biologics is now in compliance with all applicable listing standards and its common stock will continue to be listed on The Nasdaq Capital Market, but will remain under Nasdaq’s discretionary panel monitor until June 28, 2024.
  • Bone Biologics was notified by Nasdaq on September 27, 2023 that it was not in compliance with the minimum bid price rule because its common stock failed to meet the closing bid price of $1.00 or more for 30 consecutive business days.
  • In order to regain compliance with the Rule, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days.

First Trust Advisors L.P. Announces Distribution for First Trust Income Opportunities ETF

Retrieved on: 
Wednesday, January 10, 2024
Banking, Fintech, Professional Services, ERISA, Inventory, Risk, Uncertainty, Indian Sugar Mills Association, Investment, Reputational damage, Failure, Judgement, Federal, NAV, Terrorism, Federal Reserve, Prospectus, Government, Fund, ETF, Environment, Tax, FINRA, Infection, Hamas, Index, COVID-19, Rule, Loss, Bankruptcy, FTA, MLP, Internal Revenue Code, Federal Deposit Insurance Corporation, Internal Revenue Service, FTP, Average revenue per user, Recession, Security (finance), AIB (NI)

FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.

Key Points: 
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • An investment in a Fund involves risks similar to those of investing in any portfolio of equity securities traded on exchanges.
  • The risks of investing in each Fund are spelled out in its prospectus, shareholder report, and other regulatory filings.
  • However, unlike mutual funds, shares may only be redeemed directly from a fund by authorized participants in very large creation/redemption units.