Contract law

Stout Expands Transaction Advisory to Include Financial Due Diligence and Tax Services

Tuesday, April 7, 2020 - 2:30pm

CHICAGO, April 7, 2020 /PRNewswire/ -- Stoutis pleased to announce the expansion of its Transaction Advisorypractice to include Financial Due Diligence and Tax Services .

Key Points: 
  • CHICAGO, April 7, 2020 /PRNewswire/ -- Stoutis pleased to announce the expansion of its Transaction Advisorypractice to include Financial Due Diligence and Tax Services .
  • Together, this team averages 20 years of experience performing due diligence services on M&A transactions across all industries for private equity and strategic clients.
  • Through the expanded Transaction Advisory practices, Stout's professionals are available to provide financial, accounting, and tax expertise across a wide variety of industries.
  • Stout is a global advisory firm specializing in: Investment Banking; Transaction Advisory; Valuation Advisory; Disputes, Compliance, & Investigations; and Management Consulting.

Urban Exposure plc: TR-1: Standard form for notification of major holdings

Tuesday, April 7, 2020 - 6:02pm

ii Full name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g.

Key Points: 
  • ii Full name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g.
  • iii Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g.
  • v Applicable in the cases provided for in Article 10 (b) to (h) of Directive 2004/109/EC (DTR5.2.1 (b) to (h).
  • xiii If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies.

WeWork Special Committee Files Lawsuit Challenging SoftBank’s Wrongful Decision to Terminate Tender Offer

Tuesday, April 7, 2020 - 1:13pm

The Special Committee regrets the fact that SoftBank continues to put its own interests ahead of those of WeWorks minority stockholders.

Key Points: 
  • The Special Committee regrets the fact that SoftBank continues to put its own interests ahead of those of WeWorks minority stockholders.
  • This, and SoftBanks other claims related to its failure to complete the tender offer, are therefore either disingenuous or irrelevant to Softbanks contractual and other obligations.
  • The Special Committee is seeking specific performance requiring SoftBank to complete the tender offer or, in the alternative, compensatory damages for SoftBanks breaches of contract and fiduciary duty.
  • SoftBanks wrongful conduct in failing to consummate the tender offer deprives WeWorks minority stockholders of the liquidity that they were promised.

NS Leasing- Notice to Media Outlets of Data Security Event

Monday, April 6, 2020 - 10:00pm

In response, NS Leasing worked with outside forensic specialists to investigate the nature and scope of the activity.

Key Points: 
  • In response, NS Leasing worked with outside forensic specialists to investigate the nature and scope of the activity.
  • What is NS Leasing Doing?The security of personal information within NS Leasing's care is among their highest priorities.
  • NS Leasing will be taking additional steps to improve security and better protect against similar incidents in the future.
  • Because NS Leasing was unable to locate address information for some affected individuals, they are posting notice of this incident on their at website at https://www.northstarleasing.com/notice-of-data-incident/ and providing notice to major news media outlets.

GlycoMimetics Reports Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)

Monday, April 6, 2020 - 9:15pm

The options were granted as inducement equity awards outside of the Companys 2013 Equity Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4), and were made as an inducement material to the acceptance of employment with the Company by each of the new employees.

Key Points: 
  • The options were granted as inducement equity awards outside of the Companys 2013 Equity Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4), and were made as an inducement material to the acceptance of employment with the Company by each of the new employees.
  • The options are subject to the terms and conditions of stock option agreements covering the respective grants and the GlycoMimetics, Inc. Inducement Plan, which was adopted January 22, 2020 and provides for the granting of stock options to new employees.
  • The stock option awards have an exercise price equal to the closing price of the Companys common stock on April 1, 2020.
  • GlycoMimetics has also completed a Phase 1 clinical trial with another wholly-owned drug candidate, GMI-1359, a combined CXCR4 and E-selectin antagonist.

Quantum Provides Updated Revenue Guidance for Fiscal Q4; Amends Loan Agreements

Monday, April 6, 2020 - 1:00pm

The impact of COVID-19 related order delays were partially offset by the contribution of incremental revenue from ActiveScale products.

Key Points: 
  • The impact of COVID-19 related order delays were partially offset by the contribution of incremental revenue from ActiveScale products.
  • As a result of these efforts, the Company and the term loan lenders agreed to amend the term loan agreement.
  • The Company has also finalized an agreement with its revolver lender as well as the term loan lenders to amend the related credit agreements to waive applicable covenants for the fourth fiscal quarter.
  • Quantum and the Quantum logo, as well as StorNext are registered trademarks or trademarks of Quantum Corporation and its affiliates in the United States and/or other countries.

RentTrack and RealPage® Partner to Help Renters Get the Credit They Deserve

Thursday, April 2, 2020 - 6:00pm

"Our partnership with RealPage furthers our mission to make rental agreements the norm on every renter's credit report."

Key Points: 
  • "Our partnership with RealPage furthers our mission to make rental agreements the norm on every renter's credit report."
  • RentTrack transformed the credit-reporting industry by adding rental agreements as a trusted tradeline or account on credit reports so renters can build credit for making on-time rent payments.
  • In addition to having their rent reported to the major credit bureaus, RentTrack subscribers can also track their credit scores and see personalized credit insights.
  • RentTrack is a property technology data company that pioneered the reporting of rent and utility payments to give renters the credit they deserve for paying their largest monthly expenditures.

Laidlaw and Company Broadens Investment Offering With SpiderRock Advisors Partnership

Thursday, April 2, 2020 - 6:06pm

Laidlaw Wealth Management is pleased to announce its partnership with SpiderRock Advisors, an asset management firm focused exclusively on providing customized option overlay strategies to advisors and institutions.

Key Points: 
  • Laidlaw Wealth Management is pleased to announce its partnership with SpiderRock Advisors, an asset management firm focused exclusively on providing customized option overlay strategies to advisors and institutions.
  • SpiderRock Advisors brings together comprehensive derivatives expertise and world-class technology to deliver solutions to Advisors and Institutions.
  • SpiderRock Advisors offers a series of proven option overlay investment strategies in a format that has historically been offered predominantly to institutional investors and UHNW clients.
  • Combining comprehensive derivatives expertise with world-class technology, SpiderRock Advisors is making it easy for advisors and institutions to add option-based solutions to their portfolios.

Form 8.3 - The Vanguard Group, Inc.: Pollen Street Secured Lending plc

Thursday, April 2, 2020 - 2:07pm

(b)Owner or controller of interests and short positions disclosed, if different from 1(a):

Key Points: 
  • (b)Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient.
  • For a trust, the trustee(s), settlor and beneficiaries must be named.
  • (c)Name of offeror/offeree in relation to whose relevant securities this form relates:
    (d)If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
    For an opening position disclosure, state the latest practicable date prior to the disclosure
    (f)In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
  • If it is a cash offer or possible cash offer, state "N/A"
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

Recapturing Lease Customers Will Be Critical as Auto Dealers and Lenders Navigate Downturn, J.D. Power Finds

Thursday, April 2, 2020 - 1:00pm

These percentages underscore how important it is for dealers and lenders to work together to retain lease customers as the market heads into a downturn.

Key Points: 
  • These percentages underscore how important it is for dealers and lenders to work together to retain lease customers as the market heads into a downturn.
  • Understanding the different lease-end journeys is crucial to recapturing lease customers in both the luxury and mass market segments.
  • Lease customers have identified the specific information theyre looking for at the end of their lease, providing lenders with valuable feedback as to their websites.
  • The study is based on responses from 2,848 mass market and luxury vehicle lease customers who are within six months of lease end.