Berkeley Research Group

Cleanlab Announces Billion-Dollar Breakthrough in Detecting AI Hallucinations

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星期四, 四月 25, 2024
TLM, Hallucination, Walmart, JPMorgan Chase, Uncertainty, LLM, Doctor of Philosophy, Research, API, Berkeley Research Group, Automation, Synthetic media, GitHub, Trust, Generative, AWS, SAN

Cleanlab today launched the Trustworthy Language Model (TLM), a fundamental advance in generative AI that detects when large language models (LLMs) are hallucinating.

Key Points: 
  • Cleanlab today launched the Trustworthy Language Model (TLM), a fundamental advance in generative AI that detects when large language models (LLMs) are hallucinating.
  • “Cleanlab’s TLM is a truly pioneering solution for effectively addressing hallucinations,” added Akshay Pachaar, AI Engineer at Lightning.ai.
  • Like other Cleanlab products, the TLM has its roots in the founders’ groundbreaking research on uncertainty in AI datasets.
  • “This is a pivot point for generative AI in the enterprise,” said Cleanlab CEO Curtis Northcutt.

Barnes & Noble Education Announces Milestone Transactions to Significantly Strengthen Balance Sheet and Advance Industry Leading Services for Institutions and Students

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星期二, 四月 16, 2024
Technology, Retail, Office Products, Entertainment, Finance, Books, Online Retail, Professional Services, University, Publishing, Primary, Secondary, Software, Education, Communications, Sale, Prospectus, LLP, Common, Pillsbury Winthrop Shaw Pittman, Immersion Corporation, FC Volna Pinsk, Berkeley Research Group, Common stock, Transaction, Special, Sales management, Subscription business model, Rights, Houlihan Lokey, Immersion, Student, VitalSource, Noble College, Machilipatnam, Security (finance)

The refinanced ABL Facility will meaningfully enhance BNED’s financial flexibility and reduce its annual interest expense.

Key Points: 
  • The refinanced ABL Facility will meaningfully enhance BNED’s financial flexibility and reduce its annual interest expense.
  • Additional information regarding the Transactions can be found in the Form 8-K to be filed with the SEC.
  • Paul Hastings LLP is serving as legal advisor and Houlihan Lokey, Inc. and Berkeley Research Group, LLC are serving as financial advisors to BNED.
  • Pillsbury Winthrop Shaw Pittman LLP is serving as legal advisor and BTIG LLC is serving as financial advisor to Immersion Corporation.

Dr. Manuel A. Abdala Joins Daniela Bambaci and Santiago Dellepiane at BRG

Retrieved on: 
星期三, 四月 10, 2024
International arbitration, International, Berkeley Research Group, Culture, BRG, Economics, Growth

WASHINGTON, April 10, 2024 /PRNewswire/ -- Berkeley Research Group (BRG) has today announced the expansion of its international arbitration and cross-border disputes team with the appointment of Dr. Manuel A. Abdala, one of the industry's most widely respected damages experts.

Key Points: 
  • Dr. Abdala joins BRG's team of financial economists dedicated to cross-border disputes and arbitration, under the leadership of practice co-chairs and managing directors Daniela Bambaci and Santiago Dellepiane .
  • Dr. Abdala is renowned among the foremost practitioners in the field of international arbitration.
  • Commenting on the significant appointment, Dellepiane, co-head of BRG's Global Economics community, said, "Manuel shares our values of rigor, excellence and independence, which is why he is so well aligned with the BRG team.
  • Dr. Abdala commented, "Daniela and Santiago have built an outstanding team, which is the perfect springboard for this new collaboration.

Sientra Announces Completion and Winning Bidders of its Section 363 Sales Auction

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星期二, 四月 2, 2024
Stifel, Tiger, Sale, Berkeley Research Group, Acquisition, Blank Rome, United States bankruptcy court, Bankruptcy, Breast, Regenerative medicine, Hearing, Kirkland & Ellis, Kirkland, Insurance

IRVINE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- Sientra, Inc. (“Sientra” or the “Company”) announced that, following the completion of its Section 363 sales auction, Tiger Aesthetics Medical, LLC (“Tiger”) has been declared the successful bidder for certain of the assets of Sientra used in its breast reconstruction and augmentation business. As consideration for the acquisition, Tiger will pay a cash consideration of $42.5 million as well as assume certain liabilities of the Company, including up to $7 million in cure costs for certain assumed contracts, all the Company’s warranties for breast implants sold prior to the closing date, and all of the Company’s customer contracts.

Key Points: 
  • IRVINE, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- Sientra, Inc. (“Sientra” or the “Company”) announced that, following the completion of its Section 363 sales auction, Tiger Aesthetics Medical, LLC (“Tiger”) has been declared the successful bidder for certain of the assets of Sientra used in its breast reconstruction and augmentation business.
  • Sientra also announced that it has entered into a definitive agreement with Nuance Intermediary, LLC (“Nuance”), pursuant to which Nuance will acquire substantially all the assets of Sientra used in its BIOCORNEUM business.
  • Tiger Aesthetics Medical, LLC is represented by Blank Rome LLP as legal counsel and H.C. Wainwright & Co. as investment banker.
  • Nuance Intermediary, LLC, an investment of Nuance Holdings LLC, as well as the owner of Nuance Medical, is represented by Ferguson Braswell Fraser Kubasta PC as legal counsel.

Shoes For Crews® Commences Financial Restructuring to Complete Sale Process and Continue Global Industry Leadership on Stronger Financial Foundation

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星期二, 四月 2, 2024
Office Products, Online Retail, Manufacturing, Travel, Cruise, Supermarket, Specialty, Food, Beverage, Retail, Textiles, Restaurant, Bar, Growth, International, Stalking, Sale, DIP, LLP, Berkeley Research Group, United States bankruptcy court, Bankruptcy, Shoe, Possessive, File, Ropes & Gray

The Company is commencing a court-supervised sale process to “market-check” the Stalking Horse APA and seeks the highest or otherwise best bid for its assets to maximize value for all stakeholders.

Key Points: 
  • The Company is commencing a court-supervised sale process to “market-check” the Stalking Horse APA and seeks the highest or otherwise best bid for its assets to maximize value for all stakeholders.
  • The Company is targeting the sale process to be completed in approximately two months.
  • Shoes For Crews has also filed standard “first day” motions in the Chapter 11 cases, seeking court approval to continue supporting its operations during the court-supervised sale process.
  • Additional information is available through the Company’s claims agent, Omni Agent Solutions, at https://omniagentsolutions.com/ShoesforCrews .

Dr. Kristina Shampanier Joins BRG's Economics & Damages Community

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星期三, 三月 20, 2024
Consumer, Research, Controversy, New Economic School, Berkeley Research Group, BRG, Intellectual property, Patent, Marketing, Economics, Moscow State University

CHICAGO, March 20, 2024 /PRNewswire/ -- Global expert services and consulting firm Berkeley Research Group (BRG) announced today that Dr. Kristina Shampanier has joined its Economics, Disputes & Investigations business line as a managing director in Los Angeles.

Key Points: 
  • CHICAGO, March 20, 2024 /PRNewswire/ -- Global expert services and consulting firm Berkeley Research Group (BRG) announced today that Dr. Kristina Shampanier has joined its Economics, Disputes & Investigations business line as a managing director in Los Angeles.
  • She has worked on class action, false advertisement, product defect, trademark, trade dress and patent infringement cases, as well as antitrust and healthcare matters.
  • "Kristina's advanced understanding of marketing research and economics enables the top-level research that today's high-stakes class actions demand," said Jeffery Stec , a BRG managing director, leader of BRG's Intellectual Property practice and co-leader of its Economics & Damages community.
  • "With deep trademark, class action and damages experience, BRG provides an excellent platform for my practice," said Dr. Shampanier.

BRG Leg Up Program Registration Opens for 2024

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星期一, 三月 4, 2024
Engineering, Entrepreneurship, School, City, BRG, Inclusion, Equity, Organization, Berkeley Research Group, Teaching, Medicine, Student

WASHINGTON, March 4, 2024 /PRNewswire/ -- Global expert services and consulting firm Berkeley Research Group (BRG) announced today that registration will open on March 4, 2024, for this summer's BRG Leg Up Program, an accessible educational and mentorship program intended to inspire lifelong learners and enhance participants' opportunities for college and career success. The four-day intensive workshop on entrepreneurship introduces rising high school sophomores, juniors and seniors to the world of consulting and other career options. Participating BRG office locations include Boston, Los Angeles, New York City and Washington, D.C.

Key Points: 
  • High school mentorship program enhances opportunities for college and career success for students in Boston, Los Angeles, New York City and Washington, D.C.
    WASHINGTON, March 4, 2024 /PRNewswire/ -- Global expert services and consulting firm Berkeley Research Group (BRG) announced today that registration will open on March 4, 2024, for this summer's BRG Leg Up Program, an accessible educational and mentorship program intended to inspire lifelong learners and enhance participants' opportunities for college and career success.
  • Participating BRG office locations include Boston, Los Angeles, New York City and Washington, D.C.
    "The BRG Leg Up Program is an extension of one of BRG's core values: to drive change with action.
  • We are proud to give valuable mentorship and guidance to talented and motivated high school students across the country," said Carmen Rios, Diversity, Equity and Inclusion manager at BRG.
  • Engaged, qualified participants will have access to enhanced networking opportunities and early consideration for BRG summer internships and full-time positions.

Sientra to Pursue Strategic Sale of its Business Through Voluntary Chapter 11 Process

Retrieved on: 
星期二, 二月 13, 2024
Acquisition, Stifel, Sale, Kirkland & Ellis, United States bankruptcy court, Bankruptcy Code, Berkeley Research Group, Bankruptcy

The Company further disclosed that it intends to pursue a sale of its business under Section 363 of the Bankruptcy Code, while continuing to support its customers during the Chapter 11 process.

Key Points: 
  • The Company further disclosed that it intends to pursue a sale of its business under Section 363 of the Bankruptcy Code, while continuing to support its customers during the Chapter 11 process.
  • The Company seeks to execute an expedited sale process.
  • Sientra will utilize existing cash reserves and $22.5 million in new money debtor-in-possession financing from existing lenders to facilitate the sale and support ongoing Company operations.
  • The Company will continue to operate its business during this process.

BRG Grows Forensic Accounting Practice with Addition of Kenneth Mathieu

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星期三, 一月 10, 2024
Forensic accounting, Mathieu, AICPA, Loyola University, Accounting, Kellogg School of Management, Reference, Insurance, Economics, Berkeley Research Group, BBA, MBA, Certified Public Accountant, American Institute, BRG, Organization, Management, Audit

CHICAGO, Jan. 10, 2024 /PRNewswire/ -- Global expert services and consulting firm Berkeley Research Group (BRG) announced today that Kenneth Mathieu has joined its Forensic Accounting practice as a managing director in Chicago.

Key Points: 
  • CHICAGO, Jan. 10, 2024 /PRNewswire/ -- Global expert services and consulting firm Berkeley Research Group (BRG) announced today that Kenneth Mathieu has joined its Forensic Accounting practice as a managing director in Chicago.
  • A respected authority on issues of accounting, damages and valuation, Mathieu has extensive experience advising organizations facing financial crises such as government investigations and high-stakes litigation.
  • Mathieu is the latest U.S. addition to BRG's expanding Forensic Accounting practice, following the recent additions of managing directors Jeff George , Frank Wisehart and Frank Dery .
  • "We're excited to have him join the BRG team as we continue to strengthen our forensic accounting offering in 2024."

Clarus Reports Status of HAP Trading Short-Swing Profit Litigation

Retrieved on: 
星期三, 十二月 6, 2023
Rebuttal, HAP, Berkeley Research Group, CLAR

SALT LAKE CITY, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, reported on the status of its claims against HAP Trading, LLC and Mr. Harsh A. Padia (collectively “HAP Trading”).

Key Points: 
  • SALT LAKE CITY, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, reported on the status of its claims against HAP Trading, LLC and Mr. Harsh A. Padia (collectively “HAP Trading”).
  • On November 20, 2023, Clarus submitted its expert’s report calculating the recovery that may be available to Clarus from HAP Trading’s purchases and sales of Clarus common stock in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended.
  • Clarus engaged Charles Lundelius, a Managing Director with Berkeley Research Group, LLC (“BRG”) ( https://www.thinkbrg.com/people/charles-lundelius/ ) to conduct a comprehensive review of HAP Trading’s transactions in shares of Clarus’ common stock during the period July 19, 2022 to September 23, 2022.
  • HAP Trading has also submitted expert reports claiming market making and arbitrage exemptions from the requirements of Section 16(b), which Clarus and Lundelius have concluded are not applicable in the current context.