Brookfield (corporation)

SHAREHOLDER ALERT: Morris Kandinov Investigating AEL, FRGI, NEM, and THRN; Shareholders are Encouraged to Contact the Firm

Retrieved on: 
Friday, September 29, 2023
AEL, Brookfield (corporation), Fiesta Restaurant Group, Advertising, SAN, NYSE, Security (finance), Real estate, Newcrest Mining, Fiesta, Newmont

Morris Kandinov is investigating possible breaches of fiduciary duties and other violations of law related to Fiesta Restaurant Group, Inc.’s agreement to be acquired by Authentic Restaurant Brands.

Key Points: 
  • Morris Kandinov is investigating possible breaches of fiduciary duties and other violations of law related to Fiesta Restaurant Group, Inc.’s agreement to be acquired by Authentic Restaurant Brands.
  • Morris Kandinov is investigating possible breaches of fiduciary duties and other violations of law related to Newmont Corporation’s agreement to merge with Newcrest Mining Limited.
  • Morris Kandinov is investigating possible breaches of fiduciary duties and other violations of law related to Thorne HealthTech, Inc.’s agreement to be acquired by L Catterton.
  • Morris Kandinov LLP is a national law firm that specializes in recovering investment losses and protecting stockholder rights.

Senators, Congress Members Cite Brookfield Renewable’s "Misleading Climate-Related Claims” In Push for SEC Disclosure Rule, Referencing Report by UNITE HERE

Retrieved on: 
Friday, September 29, 2023
Advocacy Group Opinion, Environment, White House, Federal Government, Environmental Policy, Environmental Issues, Environmental, Social and Governance (ESG), Professional Services, Congressional News, Views, Mining, Minerals, Public Policy, Government, Utilities, Oil, Gas, Coal, Alternative Energy, Natural Resources, Energy, Climate Change, Nuclear, Financial services, Member, Disclosure, Elizabeth Warren, Wall Street, Brookfield Renewable Partners, Public expenditure, Congress, Brookfield (corporation), Investment, Hearing, Natural gas, UNITE, Climate, Security (finance), Letter, House Committee, Renewable energy

Senators and Members of Congress accused Brookfield Renewable Partners of “misleading climate-related claims” in a letter calling for the Securities and Exchange Commission (SEC) to strengthen Wall Street firms’ disclosure requirements.

Key Points: 
  • Senators and Members of Congress accused Brookfield Renewable Partners of “misleading climate-related claims” in a letter calling for the Securities and Exchange Commission (SEC) to strengthen Wall Street firms’ disclosure requirements.
  • The letter to SEC Chair Gary Gensler cites UNITE HERE’s recent report, Brookfield Climate Reality Check , which documents multiple ways in which Brookfield’s investment activity and disclosure practices belie its sustainability claims.
  • Twenty-five Senators and Members of Congress signed the letter, which was led by Senator Elizabeth Warren (D-Mass.)
  • “For example… Brookfield Renewable describes itself as “one of the world’s largest publicly traded, pure-play renewable power platforms….

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AEL, HCCI, CCF, SCU

Retrieved on: 
Thursday, September 28, 2023
KKR, Sale, Brookfield (corporation), Advertising, Chase, Chase Corporation, Fraud, NYSE, Security (finance)

If you are an American Equity shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are an American Equity shareholder, click here to learn more about your rights and options .
  • If you are a Heritage-Crystal shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

UNITE HERE Releases Real Estate Runaround: How Brookfield’s Insurance Venture Offers Reward for Investors, Risk for Retirees

Retrieved on: 
Wednesday, September 27, 2023
Professional Services, Public Policy, Government, State, Local, Other Professional Services, Insurance, Finance, Asset Management, BAM, Risk, Certified Fraud Examiner, Research report, Forensic science, Pension, Texas Department of Insurance, HERE, Wind, Brookfield (corporation), American National Insurance Company, Investment, Opacity, CMBS, UNITE, Depreciation, Pensioner, Commercial, Health, Safety, TDI, NYSE, Real estate, Financial services, Commercial property, Audit, SSAP

So far this year, Brookfield ventures have defaulted on over $1 billion of commercial real estate loans, with over $5 billion more of office and real estate loans having been identified by analysts or lenders as distressed.

Key Points: 
  • So far this year, Brookfield ventures have defaulted on over $1 billion of commercial real estate loans, with over $5 billion more of office and real estate loans having been identified by analysts or lenders as distressed.
  • The report, Real Estate Runaround: How Brookfield’s Insurance Venture Offers Reward for Investors, Risk for Retirees , examines the dramatic changes in American National’s investment portfolio since the Brookfield takeover, including over $4.7 billion (book value) of investments in securities originated, structured, or collateralized by Brookfield’s non-insurance affiliates and joint ventures.
  • Over $1.2 billion of those related-party securities are related to Brookfield’s real estate holdings.
  • These investments include bonds issued by affiliates of Brookfield Office Properties and Commercial Mortgage-Backed Securities (CMBS) sponsored by Brookfield-owned office buildings and shopping malls.

Brookfield Corporation Announces Results of Conversion of its Series 32 Preferred Shares

Retrieved on: 
Friday, September 22, 2023
NEWS, Casualty (series 32), TSX, Casualty (series 33), Brookfield (corporation), NYSE, Security (finance)

BROOKFIELD, NEWS, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) today announced that after having taken into account all election notices received by the deadline for the conversion of its Cumulative Class A Preference Shares, Series 32 (the “Series 32 Shares”) (TSX: BN.PF.A) into Cumulative Class A Preference Shares, Series 33 (the “Series 33 Shares”), there were 177,688 Series 32 Shares tendered for conversion, which is less than the one million shares required to give effect to conversion into Series 33 Shares.

Key Points: 
  • BROOKFIELD, NEWS, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) today announced that after having taken into account all election notices received by the deadline for the conversion of its Cumulative Class A Preference Shares, Series 32 (the “Series 32 Shares”) (TSX: BN.PF.A) into Cumulative Class A Preference Shares, Series 33 (the “Series 33 Shares”), there were 177,688 Series 32 Shares tendered for conversion, which is less than the one million shares required to give effect to conversion into Series 33 Shares.
  • Accordingly, there will be no conversion of Series 32 Shares into Series 33 Shares and holders of Series 32 Shares will retain their Series 32 Shares.

Partners Value Investments LP and Partners Value Investments Inc. Announce Reorganization

Retrieved on: 
Friday, September 22, 2023
Exercise, Special Committee on Decolonization, Minority, Ontario Superior Court of Justice, TSX Venture Exchange, Parthian Partners Limited, LPA, General counsel, Partner, Committee, Special, Arrangement, Trustee, Meeting, Equity, Sale, Brookfield (corporation), Proxy, Koger, Family Limited Partnership, Multilateral, News, Sectional Appendix, Security (finance), Partnership, Trust

TORONTO, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Partners Value Investments LP (TSXV: PVF.UN, TSXV: PVF.PR.U) (the “Partnership”) and Partners Value Investments Inc. (TSXV: PVF.WT) (“PVII”) today announced a proposed reorganization with Partners Limited to be implemented by way of a court approved plan of arrangement (the “Arrangement”).

Key Points: 
  • TORONTO, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Partners Value Investments LP (TSXV: PVF.UN, TSXV: PVF.PR.U) (the “Partnership”) and Partners Value Investments Inc. (TSXV: PVF.WT) (“PVII”) today announced a proposed reorganization with Partners Limited to be implemented by way of a court approved plan of arrangement (the “Arrangement”).
  • The effect of the Arrangement is to, among other things, amalgamate Partners Limited with PVII and other related entities, with the resulting entity continuing to be named Partners Value Investments Inc. (“Amalco”), under a newly formed limited partnership named Partners Value Investments L.P. (“New PVI LP”).
  • New PVI LP will have substantially the same capital structure and unit terms as the Partnership.
  • For additional information, please contact Kathy Sarpash, General Counsel and Secretary, or Investor Relations at [email protected] or 416-643-7621.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AEL, NEWR, SOVO, THRN

Retrieved on: 
Thursday, September 21, 2023
Campbell Soup Company, Sale, NYSE, Brookfield (corporation), Advertising, Francisco Partners, Fraud, Security (finance), New Relic

If you are an American Equity shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are an American Equity shareholder, click here to learn more about your rights and options .
  • If you are a New Relic shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Sportsman’s Warehouse Holdings, Inc. Appoints Steven W. Sansom to Its Board of Directors

Retrieved on: 
Tuesday, September 19, 2023
Interim, Millsaps College, Brown Brothers Harriman & Co., Charles Schwab, Goldman Sachs, Brookfield (corporation), Growth, Management

WEST JORDAN, Utah, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced today that Steven W. Sansom has been appointed to the Company’s Board of Directors (the “Board”), effective September 15, 2023.

Key Points: 
  • WEST JORDAN, Utah, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced today that Steven W. Sansom has been appointed to the Company’s Board of Directors (the “Board”), effective September 15, 2023.
  • “Steve is a tremendous addition to the Board,” said Joseph Schneider, Interim CEO and Chairman of the Board.
  • “He brings decades of experience from his numerous roles as an investor, board member and executive leader – and we are pleased to welcome him to Sportsman’s Warehouse.
  • Mr. Sansom is a member of several additional boards of directors, including the advisory board of Axxes Capital, a private markets investment firm.

Colgate-Palmolive Continues to Accelerate Action Towards Goal of Net Zero Carbon Emissions

Retrieved on: 
Friday, September 15, 2023
Green Technology, Other Consumer, Manufacturing, Environment, Retail, Other Philanthropy, Other Science, Sustainability, Environmental Policy, Supply Chain Management, Consumer, Philanthropy, Science, Other Natural Resources, Alternative Energy, Natural Resources, Energy, Other Manufacturing, Packaging, Carbon, Science Based Targets initiative, Climate Week NYC, Household, Personal care, Durable good, Electricity, Climate change, Targets, Colgate-Palmolive, Colgate, Brookfield (corporation), VPPA, News, Renewable energy

The new 209-megawatt Markum Solar Farm will be a long-term source of clean, renewable energy in the United States.

Key Points: 
  • The new 209-megawatt Markum Solar Farm will be a long-term source of clean, renewable energy in the United States.
  • With start-up anticipated in 2025, the project is expected to produce the equivalent of 100% of the Company’s U.S.-based operational electricity needs.
  • Accelerating Action on Climate Change is core to its 2025 Sustainability & Social Impact Strategy .
  • As of December 31, 2022, approximately 52% of Colgate’s global electricity consumption was sourced from renewable energy.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates NXGN, AEL, NEWR

Retrieved on: 
Tuesday, September 12, 2023
NextGen Healthcare, Nextgen, Sale, Brookfield (corporation), Advertising, Francisco Partners, Thoma Bravo, Fraud, NYSE, Security (finance), New Relic

If you are a NextGen shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a NextGen shareholder, click here to learn more about your rights and options .
  • If you are an American Equity shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.