New York Court of Appeals

MediPharm Labs Settles an Outstanding Claim for $9M

Retrieved on: 
Monday, October 2, 2023

TORONTO, Oct. 2, 2023 /PRNewswire/ - MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) ("MediPharm", "MediPharm Labs" or the "Company") a company specialized in precision-based cannabinoids, is pleased to announce it has entered into a settlement agreement on September 29, 2023 (the "Settlement Agreement") to resolve a claim in connection with a commercial agreement dispute, for a total consideration value of $9,000,000.

Key Points: 
  • TORONTO, Oct. 2, 2023 /PRNewswire/ - MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) ("MediPharm", "MediPharm Labs" or the "Company") a company specialized in precision-based cannabinoids, is pleased to announce it has entered into a settlement agreement on September 29, 2023 (the "Settlement Agreement") to resolve a claim in connection with a commercial agreement dispute, for a total consideration value of $9,000,000.
  • On January 24, 2020, MediPharm Labs filed a statement of claim (the "Claim") in the Ontario Superior Court of Justice against one of its long-term customers, HEXO Corp., regarding a long-term supply agreement for cannabis concentrates.
  • MediPharm was awarded a favourable summary judgment in the Ontario Court of Justice in July of 2022.
  • In connection with the Settlement Agreement, Hexo Corp. will abandon its appeal as against MediPharm.

Carmen Beauchamp Ciparick Named to City & State's 'The 2023 Power of Diversity: Latino 100' List

Retrieved on: 
Thursday, September 28, 2023

NEW YORK, Sept. 28, 2023 /PRNewswire-PRWeb/ -- Carmen Beauchamp Ciparick, of counsel in Greenberg Traurig, LLP's Appeals & Legal Issues Group has added inclusion on City & State's "The 2023 Power of Diversity: Latino 100" list to her many achievements. The list recognizes "the most influential Latinos who are serving in public office, running businesses, leading nonprofits, and advocating for policy changes in New York," according to the publication.

Key Points: 
  • Carmen Beauchamp Ciparick, of counsel in Greenberg Traurig, LLP's Appeals & Legal Issues Group has added inclusion on City & State's "The 2023 Power of Diversity: Latino 100" list to her many achievements.
  • NEW YORK, Sept. 28, 2023 /PRNewswire-PRWeb/ -- Carmen Beauchamp Ciparick , of counsel in Greenberg Traurig, LLP's Appeals & Legal Issues Group has added inclusion on City & State's " The 2023 Power of Diversity: Latino 100 " list to her many achievements.
  • Of Puerto Rican descent, Ciparick was born in New York City, grew up in Washington Heights, graduated from Hunter College, and received her J.D.
  • At Greenberg Traurig, Ciparick advises clients on appellate matters and litigation strategy and mentors the firm's junior lawyers.

FTC Sending Refunds to Consumers who Invested in Deceptive Sanctuary Belize Real Estate Development Scheme Operated by Repeat Offender Andris Pukke

Retrieved on: 
Tuesday, August 22, 2023

The Federal Trade Commission is sending refunds totaling approximately $10 million to consumers nationwide who bought deceptively marketed overseas real estate lots in what the sellers pitched as Sanctuary Belize, a supposed luxury development being built in southern, coastal Belize.

Key Points: 
  • The Federal Trade Commission is sending refunds totaling approximately $10 million to consumers nationwide who bought deceptively marketed overseas real estate lots in what the sellers pitched as Sanctuary Belize, a supposed luxury development being built in southern, coastal Belize.
  • The FTC filed its complaint in November 2018 charging that Andris Pukke, a prior FTC defendant, and several other corporate and individual defendants deceived consumers who invested in Sanctuary Belize by promising they were investing in a luxury development and resort.
  • The defendants, however, failed to deliver on the promised amenities, and consumers who invested in Sanctuary property lost money and could not resell their lots.
  • Following a trial in 2020, the FTC won a verdict that the scheme took in more than $100 million.

FTC Sending Refunds to Consumers who Invested in Deceptive Sanctuary Belize Real Estate Development Scheme Operated by Repeat Offender Andris Pukke

Retrieved on: 
Tuesday, August 22, 2023

The Federal Trade Commission is sending refunds totaling approximately $10 million to consumers nationwide who bought deceptively marketed overseas real estate lots in what the sellers pitched as Sanctuary Belize, a supposed luxury development being built in southern, coastal Belize.

Key Points: 
  • The Federal Trade Commission is sending refunds totaling approximately $10 million to consumers nationwide who bought deceptively marketed overseas real estate lots in what the sellers pitched as Sanctuary Belize, a supposed luxury development being built in southern, coastal Belize.
  • The FTC filed its complaint in November 2018 charging that Andris Pukke, a prior FTC defendant, and several other corporate and individual defendants deceived consumers who invested in Sanctuary Belize by promising they were investing in a luxury development and resort.
  • The defendants, however, failed to deliver on the promised amenities, and consumers who invested in Sanctuary property lost money and could not resell their lots.
  • Following a trial in 2020, the FTC won a verdict that the scheme took in more than $100 million.

MediPharm Labs Reports Second Quarter Results with Doubling of Revenue and Record Margin Growth

Retrieved on: 
Monday, August 14, 2023

TORONTO, Aug. 14, 2023 /PRNewswire/ - MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) ("MediPharm", "MediPharm Labs" or the "Company") a pharmaceutical company specialized in precision-based cannabinoids, today announced its financial results for the three months ended June 30, 2023.

Key Points: 
  • TORONTO, Aug. 14, 2023 /PRNewswire/ - MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) ("MediPharm", "MediPharm Labs" or the "Company") a pharmaceutical company specialized in precision-based cannabinoids, today announced its financial results for the three months ended June 30, 2023.
  • On April 1st, 2023, MediPharm closed the acquisition of VIVO Cannabis Inc. ("VIVO") in an all equity business combination.
  • Subsequent to the quarter, on July 28, 2023, the Company completed its first delivery of cannabis clinical trial material to a US research partner.
  • This synergy creates better margin where MediPharm produces these products at higher volume or were being purchased by third party manufacturing.

CPPA Seeks to Overturn Superior Court Decision Delaying Enforcement of Consumer Privacy Regulations

Retrieved on: 
Friday, August 4, 2023

Today, the California Privacy Protection Agency and California Attorney General Rob Bonta filed a petition with California’s Third District Court of Appeal to overturn a recent trial court decision that imposed a 12-month delay on enforcement of the Agency’s privacy regulations.

Key Points: 
  • Today, the California Privacy Protection Agency and California Attorney General Rob Bonta filed a petition with California’s Third District Court of Appeal to overturn a recent trial court decision that imposed a 12-month delay on enforcement of the Agency’s privacy regulations.
  • In November 2020, California voters overwhelmingly approved Proposition 24, the California Privacy Rights Act of 2020 (CPRA) to advance stronger privacy protections with respect to the use of their personal information.
  • The CPRA created the California Privacy Protection Agency as the first independent data protection authority in the United States to implement and enforce the California Consumer Privacy Act (CCPA).
  • At the end of June—just one day before the CPPA’s enforcement authority was set to commence—the Superior Court stayed enforcement of many of the CPPA’s recently adopted regulations based on its interpretation of a single ambiguous section in the CPRA.

Nano Dimension Files Complaint in NY Supreme Court - The Court Directed Defendants Bistricer’s Murchinson & Kassam’s Anson to Explain Why Nano’s Request For a Preliminary Injunction Should Not be Granted

Retrieved on: 
Thursday, July 20, 2023

Waltham, Mass, July 20, 2023 (GLOBE NEWSWIRE) --  Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension”, “NANO” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, announced today that it is continuing to pursue claims against Murchinson, Anson, and Boothbay in New York.

Key Points: 
  • On July 14th, 2023, Nano filed a complaint against Defendants Murchinson Ltd., Anson Advisors, Inc., Boothbay Fund Management, LLC and their affiliates (together, “Defendants”) in the Supreme Court of the State of New York.
  • The Complaint alleges that Defendants:
    Conspired to obtain a large stake in Nano by working in tandem to manipulate the price for Nano’s ADS.
  • Improperly took steps to mount a bid for control, dismantle the Company, and distribute its cash for Defendants’ own benefit.
  • Nano’s request for a preliminary injunction is set for argument on July 28th, 2023.

Columbus McKinnon Continues to Advance Leading Governance Structure with Changes in Bylaws

Retrieved on: 
Thursday, July 13, 2023

Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that on July 11, 2023, the Board of Directors (the “Board”) approved and adopted amended and restated bylaws (the “Amended and Restated Bylaws”), which became effective the same day.

Key Points: 
  • Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced that on July 11, 2023, the Board of Directors (the “Board”) approved and adopted amended and restated bylaws (the “Amended and Restated Bylaws”), which became effective the same day.
  • The Amended and Restated Bylaws designate any state court located in the State of New York (a “New York Court”) (or, in the event that a New York Court does not have jurisdiction, a federal district court in the State of New York) as the exclusive forum for certain legal actions involving the Company unless the Company selects or consents to the selection of an alternative forum.
  • The Board determined to amend the bylaws, which previously provided for exclusive forum in courts located in Erie County, New York, based in part from feedback from shareholders who, while recognizing the potential value of an exclusive forum provision generally, expressed concerns with limiting jurisdiction to only courts located in Erie County.
  • With this change, ISS revised their recommendation to advise investors to vote “FOR” the reelection of the Company’s Chair of the Corporate Governance and Nomination Committee.

EQS-News: CPI PROPERTY GROUP – Litigation Update

Retrieved on: 
Sunday, January 22, 2023

CPI PROPERTY GROUP (“CPIPG”), one of Europe’s largest owners of income-generating real estate, has prepared the following update for our stakeholders regarding a lawsuit recently filed in Cyprus.

Key Points: 
  • CPI PROPERTY GROUP (“CPIPG”), one of Europe’s largest owners of income-generating real estate, has prepared the following update for our stakeholders regarding a lawsuit recently filed in Cyprus.
  • CPIPG has received information about the filing of a lawsuit in the District Court of Nicosia, Republic of Cyprus, by Mr. Marek Čmejla, Mr. Jiří Diviš and entities controlled by them.
  • CPIPG has not been served with the lawsuit.
  • Investhold Limited and Verali Limited are offshore vehicles of Mr. Marek Čmejla, a Czech citizen, and Mr. Jiří Diviš, a Swiss citizen of Czech origin.

Constandinos (Deno) Himonas Inducted Into the Warren E. Burger Society

Retrieved on: 
Friday, November 18, 2022

The National Center for State Courts (NCSC) has inducted Wilson Sonsini Goodrich & Rosati partner Constandinos (Deno) Himonas into the organizations Warren E. Burger Society.

Key Points: 
  • The National Center for State Courts (NCSC) has inducted Wilson Sonsini Goodrich & Rosati partner Constandinos (Deno) Himonas into the organizations Warren E. Burger Society.
  • The society is designed to honor individuals who have used their time, talent, and support to advance the organization in exceptional ways.
  • I am deeply honored to be inducted into the Warren E. Burger Society, Himonas said.
  • Himonas joined Wilson Sonsini in 2022, helping the firm launch its Salt Lake City office.