French star Alize Cornett has hit out on air after being told the French Open might be delayed due to Covid-19. SOURCE: Tennis TV
French star Alize Cornett has hit out on air after being told the French Open might be delayed due to Covid-19. SOURCE: Tennis TV
InterRent Announces Timing of First Quarter 2021 Results and Conference Call
While the White House denied any U.S. involvement in a Sunday explosion that damaged an Iranian nuclear facility, the incident may complicate the Biden administration’s efforts to bring Tehran’s government back to the negotiating table.
Booka Announces New Partnership with Caramel Publishing House and Launches Read-to-Me Feature
PHOENIX, April 12, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for March 2021. Mesa Airlines reported 28,127 block hours in March 2021, a 15.9 percent drop from March 2020 as a result of reduced schedules during the COVID-19 pandemic. The company also reported a controllable completion factor of 99.86 percent and 100 percent for its American and United operations, respectively. For Q2 of fiscal year 2021 ending March 31st, total block hours were 73,942 on 35,270 departures. These block hours are well below our guidance provided on our Q1 fiscal year 2021 Earnings Release. The reduced block hours and departures were the result of the mid-February major winter storm and subsequent Texas power outages impacting our major operations in both Dallas and Houston. During that period, we cancelled almost 1,300 flights representing close to 3,000 block hours while still incurring crew costs. Operating statistics for March 2021 and fiscal year 2021 YTD are included in the table below. Mar-21Mar-20% Change YTD FY2021YTD FY2020% ChangeBlock Hours American11,989 15,063 -20.4% 63,132 96,667 -34.7%United15,983 18,401 -13.1% 79,001 127,199 -37.9%DHL155 n/a N/A 1056 n/a N/A Total28,127 33,464 -15.9% 143,189 223,866 -36.0% Mar-21Mar-20% Change YTD FY2021YTD FY2020% ChangeDepartures American6,240 8,391 -25.6% 32,348 55,377 -41.6%United7,162 8,718 -17.8% 37,587 62,783 -40.1%DHL100 n/a N/A 679 n/a N/A Total13,502 17,109 -21.1% 70,614 118,160 -40.2% Mar-21Mar-20% Change YTD FY2021YTD FY2020% ChangeControllable Completion Factor* American99.86%99.85%0.01% 99.82%99.71%0.11%United100.00%99.99%0.01% 99.98%99.98%0.00% Total Completion Factor** American98.13%85.67%14.54% 96.65%95.98%0.70%United99.58%81.39%22.35% 96.70%96.48%0.23% Operating statistics month over month for the second quarter of fiscal year 2021 and QTD are included in the table below. Mar-21Feb-21% Change QTD FY2021QTD FY2020% ChangeBlock Hours American11,989 8,688 38.0% 31,764 47,244 -32.8%United15,983 11,571 38.1% 41,612 61,061 -31.9%DHL155 198.4 -22.1% 566 n/a N/A Total28,127 20,457 37.5% 73,942 108,305 -31.7% Mar-21Feb-21% Change QTD FY2021QTD FY2020% ChangeDepartures American6,240 4230 47.5% 15,967 26,364 -39.4%United7,162 5221 37.2% 18,943 29,071 -34.8%DHL100 121 -17.4% 360 n/a N/A Total13,502 9,572 41.1% 35,270 55,435 -36.4% Mar-21Feb-21% Change QTD FY2021QTD FY2020% ChangeControllable Completion Factor* American99.86%99.62%0.2% 99.83%99.91%-0.1%United100.00%99.97%0.0% 99.99%99.97%0.0% Total Completion Factor** American98.13%87.78%11.8% 95.01%94.03%1.0%United99.58%83.01%20.0% 94.22%93.19%1.1% *Controllable Completion Factor excludes cancellations due to weather and air traffic control**Total Completion Factor includes all cancellations About Mesa Air Group, Inc. Headquartered in Phoenix, Arizona, Mesa Air Group, Inc. is the holding company of Mesa Airlines, a regional air carrier providing scheduled passenger service to 112 cities in 38 states, the District of Columbia, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. As of March 31st, 2021, Mesa operated a fleet of 163 aircraft with approximately 440 daily departures and 3,100 employees. Mesa operates all of its flights as either American Eagle, United Express, or DHL Express flights pursuant to the terms of capacity purchase agreements entered into with American Airlines, Inc., United Airlines, Inc., and DHL. Investor RelationsSusan DonofrioInvestor.Relations@mesa-air.com MediaMegan BilbaoMedia@mesa-air.com
“Watershed moment”: Menulog’s bold new plan to beat Uber Eats challenges the myth of pay for gig economy workers.
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Londoners could be seen dancing on the streets of Soho on the first night out since lockdown restrictions were lifted. People across the nation took advantage of the grand reopening, and Londoners were no exception. In Soho, pedestrianised streets hosted thousands of revellers, with spontaneous bouts of clapping and dancing.
ReGen Co-Founder Dr. Robert Francis to join MCI Onehealth Board of AdvisorsMCI Onehealth to offer commercial support in long-term partnership with ReGen, a leader in innovation and personalized, preventative, and regenerative healthReGen’s world-class logistics management and genetic testing laboratory will add another level of individualized healthcare to the MCI Onehealth ecosystemPartnership will further expand MCI Onehealth’s corporate health service offering and present the opportunity for an integrated client offeringPrecision health pioneer Dr. Robert Francis, Chairman and Co-Founder of ReGen and Medcan founder to join MCI Onehealth’s Board of AdvisorsMCI nominee to join ReGen’s Board of Directors TORONTO, April 12, 2021 (GLOBE NEWSWIRE) -- MCI Onehealth Technologies Inc. ("MCI Onehealth" or the “Company") (TSX: DRDR), a clinician-led healthcare technology company focused on increasing access to, and quality of healthcare, has entered into a partnership with ReGen Scientific Inc. (“ReGen”), a leading personalized, preventative, and regenerative health provider in Canada. The ReGen team, led by Dr. Robert Francis and Jean Marc Mackenzie, has an unparalleled track record in individualized and concierge medicine in Canada. Dr. Francis was the founder of Medcan Healthcare in 1987 and grew it into one of the longest operating premium healthcare brands specializing in executive medical, corporate wellness, and concierge health services in Canada. “We are excited to be working with MCI Onehealth to not only harness the power of ReGen’s precision and predictive health platforms, but to enhance the conclusive value of our tools with MCI Onehealth’s technologies," said Jean-Marc MacKenzie, Chief Executive Officer and Co-Founder of ReGen. “As the first step in a long-term partnership, this is a very important moment in shaping the future of innovation and precision care to help improve health outcomes for Canadians and globally.” MCI Onehealth will be engaging in a commercial partnership with ReGen that is designed to allow for both parties to further enhance the patient experience through a hybrid approach. In-clinic excellence will be supported by industry-leading technology, while simultaneously training MCI Onehealth’s advanced intelligence platforms to provide physicians the appropriate tools to offer patients an entirely new level of quality and individualized care. “MCI Onehealth’s partnership with ReGen represents a powerful synergy of our respective strengths. Notably, our 2 million patients of record will benefit from ReGen’s leadership in the field of personalized and preventative medicine,” said Dr. Alexander Dobranowski, MD, CEO of MCI Onehealth. “As we continue to forge a new landscape in healthcare, this partnership allows MCI Onehealth to advance our vision of the future of primary healthcare delivery by incorporating precision and individualized care into our ecosystem.” Widely recognized as a pioneer in preventative medicine and wellness in Canada for more than three-decades, Chairman and Co-Founder of ReGen, Dr. Robert Francis will further lend his expertise to MCI Onehealth by joining the Company’s Board of Advisors. Dr. Francis brings a wealth of experience and a track record of excellence, which will be a welcomed asset to the larger MCI Onehealth ecosystem, as it continues its trajectory in building a comprehensive and technologically advanced ecosystem for its patients. Additionally, a nominee of MCI Onehealth will be joining ReGen’s Board of Directors to bring the proficiency of MCI Onehealth’s leading primary care network and foremost technological advances in precision medicine & primary healthcare innovation, to the newly established ReGen institute. “The MCI Onehealth and ReGen partnership represents our joint commitment and passion for realizing the promise of personalized & precision medicine. We look forward to demonstrating how ReGen can support MCI Onehealth’s vision of redefining the standard of primary care through an increased focus on personalized, preventative, and precision medicine that changes the way health is measured and care is delivered in Canada and globally,” said Dr. Francis. “ReGen is the next evolution in our commitment and passion for personalized medicine. ReGen seeks to extend longevity, health span and vitality in those years lived by leveraging the latest in science, medicine, health informatics, and the identification and management of metabolic health.” Alongside ReGen’s pioneering efforts in precision medicine, individualized care, and leading edge clinic and laboratory, this unique partnership further accelerates MCI Onehealth’s strategic vision and roadmap toward a data-driven, modernized technology-enabled health services platform. About ReGen Scientific ReGen Scientific, is a Toronto based leader in personalized, preventative, and regenerative health. It is accelerating the loop between discovery medical science and evolutions in clinical and functional medicine. ReGen delivers hyper-personalized care based on its Science of You, which enables individuals to take control of their health with an objective of not only extending years lived but the ability to live those years with vitality and health. For more information, visit regen.care About MCI Onehealth:MCI Onehealth is a healthcare technology company focused on empowering patients and doctors with advanced technologies to increase access, improve quality, and reduce healthcare costs. As part of the healthcare community for over 30 years, MCI Onehealth operates one of Canada’s leading primary care networks with 25 clinics, serves over 850,000 patients annually and had over 200,000 telehealth visits last year. MCI Onehealth additionally offers an expanding suite of occupational health service offerings that support a growing list of over 250 corporate customers. Led by a proven management team of doctors and experienced executives, MCI Onehealth remains focused on executing a strategy centered around acquiring technology and health services that complement the company’s current roadmap. For more information, visit mcionehealth.com For IR enquiries please contact:Fernando Massalin | Ir@mcionehealth.com | (416) 440-4040 ext 155 For media enquiries please contact:Braden Rosner | email@example.com | +1 (647) 982-8549 Forward-Looking Statements This press release contains forward-looking information and forward-looking statements (together, “forward-looking statements”) within the meaning of applicable securities legislation, which reflects MCI Onehealth’s current expectations regarding future events, including statements relating to: the relationship between the Company and ReGen (including the expected benefits thereof), the impact of the relationship with ReGen on MCI Onehealth’s service offering, the integration of ReGen and MCI Onehealth’s services, Regen’s continued rapid growth and accretive value to MCI Onehealth. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of words or phrases such as “plans”, “targets”, “expects”, “estimates”, “intends”, “anticipates”, “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” occur. Forward-looking statements are based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond MCI Onehealth’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, the factors discussed under “Risk Factors” in the Company’s annual information form for the year ended December 31, 2020 which is available under the Company’s profile on SEDAR at www.sedar.com. All forward-looking statements made in this press release are made as of the date hereof and MCI Onehealth does not undertake any obligation to update such forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
U.S. President Joe Biden raised the prospect of a gas tax hike during a meeting with lawmakers to point out it would not raise a lot of money and explain why he did not favor it as a way to pay for his infrastructure proposal, a White House official said on Monday after media reports. A reporter for ABC News had said earlier on Monday on Twitter that Democratic U.S. Representative Donald Payne had said Biden expressed an openness to raising the tax during the meeting. The Biden administration is proposing several measures, including a substantial overhaul of the U.S. corporate taxation system, to pay for the president's $2.3 trillion infrastructure and job creation package, which includes large investments in clean energy and electric vehicle technology.
Tributes are flowing for Joseph Siravo, best known for his role as Tony Soprano’s father on The Sopranos.
SAN FRANCISCO, April 12, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Ebang International Holdings (NASDAQ: EBON) investors with significant losses to submit your losses now. The firm is investigating possible securities fraud and certain investors may have valuable claims. Class Period: June 26, 2020 – Apr. 5, 2021Lead Plaintiff Deadline: June 7, 2021Visit: www.hbsslaw.com/investor-fraud/EBON Contact An Attorney Now: EBON@hbsslaw.com 844-916-0895 Ebang International Holdings (NASDAQ: EBON) Investigation: The investigation focuses on the accuracy of Ebang’s statements concerning its use of capital raised from investors and its claim to be a leading manufacturer of bitcoin mining machines. More specifically, over the past year, Ebang raised approximately $374 million from investors in public offerings and represented it would use these proceeds to “further expand our operations” in cryptocurrency mining, exchange platforms, and general corporate purposes. These statements were brought into question on Apr. 6, 2021, when analyst Hindenburg Research published a scathing report entitled “Ebang: Yet Another Crypto ‘China Hustle’ Absconding With U.S. Investor Cash.” According to Hindenburg, the company directed much of the cash out of the company through a series of opaque deals with entities linked to Ebang’s Chairman/CEO and its underwriter. Specifically, Hindenburg concludes the company directed (1) $103 million into bond purchases linked to its underwriter which has a track record of fraud allegations levied against it, and (2) $21 million to a relative of its Chairman/CEO coincident with raising that amount from investors. Hindenburg also concludes Ebang is not a leading bitcoin mining machine producer, only sold a pittance compared to other large Chinese producers, and is slated for a 97% decline in such sales for FY 2020. In response, the price of Ebang shares declined sharply. “We’re focused on investors’ losses and whether Ebang lied to investors about its true operations and use of capital,” said Reed Kathrein, the Hagens Berman partner leading the investigation. If you are an Ebang investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman. Whistleblowers: Persons with non-public information regarding Ebang should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email EBON@hbsslaw.com. About Hagens BermanHagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.Contact: Reed Kathrein, 844-916-0895
Bodycam footage of the fatal shooting has been released by authorities.
Here are the top stories for Monday, April 12th: Tensions high over fatal Minn. police shooting, Judge says no to sequestering Chauvin jury; Biden's task force won't waver on vaccine distribution; Lockdowns easing in England.
RADNOR, Pa., April 12, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Ebang International Holdings Inc. (NASDAQ: EBON) (“Ebang”) on behalf of those who purchased or acquired Ebang securities between June 26, 2020 and April 5, 2021, inclusive (the “Class Period”). Investor Deadline Reminder: Investors who purchased or acquired Ebang securities during the Class Period may, no later than June 7, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at firstname.lastname@example.org; or click https://www.ktmc.com/ebang-international-class-action-lawsuit?utm_source=PR&utm_medium=Link&utm_campaign=ebang Ebang is a leading application-specific integrated circuit chip design company and a leading manufacturer of Bitcoin mining machines. The Class Period commences on June 26, 2020, when Ebang filed its prospectus in connection with its initial public offering (the “IPO”). On October 23, 2020, Ebang filed its registration statement on a Form F-1 for an offering of Class A ordinary shares and warrants to purchase Class A ordinary shares. It was subsequently amended on October 26, 2020, November 6, 2020, and November 16, 2020 before Ebang filed a related prospectus on a Form 424b4 on November 20, 2020. According to the complaint, on April 6, 2021, before the market opened, Hindenburg Research published a report alleging, among other things, that Ebang was directing proceeds from its IPO last year into a “series of opaque deals with insiders and questionable counterparties.” According to the report, Ebang raised $21 million in November 2020, claiming the proceeds would go “primarily for development,” and that instead the funds were directed to repay related-party loans to a relative of Ebang’s Chief Executive Officer, Dong Hu. The report also noted that Ebang’s earlier efforts to go public on the Hong Kong Stock Exchange had failed due to widespread media coverage of a sales inflation scheme with Yindou, a Chinese peer-to-peer online lending platform that defrauded 20,000 retail investors in 2018, with $655 million “vanish[ing] into thin air.” Following this news, Ebang’s share price fell $0.82, or approximately 13%, to close at $5.53 per share on April 6, 2021. Then, on April 6, 2021, after the market closed, Ebang issued a statement stating that, though it believed the report “contain[ed] many errors, unsupported speculations and inaccurate interpretations of events,” the “Board, together with its Audit Committee, intends to further review and examine the allegations and misinformation therein and will take whatever necessary and appropriate actions may be required to protect the interest of its shareholders.” Following this news, Ebang’s share price fell $0.12, or 2.17%, to close at $5.41 per share on April 7, 2021. The stock price continued to decline over the next trading session by $0.38, or 7%, to close at $5.03 per share on April 8, 2021. The complaint alleges that, throughout the Class Period, the defendants failed to disclose to investors that: (1) the proceeds from Ebang’s public offerings had been directed to low yield, long term bonds to an underwriter and to related parties rather than used to develop Ebang’s operations; (2) Ebang’s sales were declining, and Ebang had inflated reported sales, including through the sale of defective units; (3) Ebang’s attempts to go public in Hong Kong had failed due to allegations of embezzling investor funds and inflated sales figures; (4) Ebang’s purported cryptocurrency exchange was merely the purchase of an out-of-the-box crypto exchange; and (5) as a result of the foregoing, the defendants’ positive statements about Ebang’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Ebang investors may, no later than June 7, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. CONTACT: Kessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.Adrienne Bell, Esq.280 King of Prussia RoadRadnor, PA 19087(844) 887-9500 (toll free)email@example.com
SAN FRANCISCO, April 12, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges XL Fleet Corp. (NYSE: XL) investors with significant losses to submit your losses now. A securities fraud class action has been filed and certain investors may have valuable claims. Class Period: Oct. 2, 2020 – Mar. 2, 2021Lead Plaintiff Deadline: May 7, 2021Visit: www.hbsslaw.com./investor-fraud/XL Contact An Attorney Now: XL@hbsslaw.com 844-916-0895 XL Fleet Corp. (NYSE: XL) Securities Fraud Class Action: The complaint alleges that: (1) XL’s sales pipelines was materially inflated; (2) XL grossly overstated its customer base; (3) XL’s technology had been materially overstated and did not provide customers the represented cost savings; and (4) that XL lacks the supply chain and engineers to roll out new products on the announced timelines. The truth emerged on Mar. 3, 2021, when analyst Muddy Waters published a report calling XL “More SPAC Trash.” Based on interviews with former employees, Muddy Waters claimed that salespeople “were pressured to inflate their sales pipelines materially,” and that “customer reorder rates are in reality quite low” due to “poor performance and regulatory issues.” The report also alleged that “at least 18 of 33 customers XL featured were inactive.” Muddy Waters also claimed that XL has “weak technology” and that “XL’s announcement of future class 7-8 upfits seems highly promotional” because the task is “too technologically complex for XL engineers to deliver on the promised timeline.” Then, on Mar. 4, 2021, after XL issued a denial, Muddy Waters criticized XL’s “placeholder response,” tweeting, “We spoke to a fleet manager for one of the companies XL brags about in its response. He said MPG gains only ~10%, not 25%. He said didn’t help for highway driving. Also his company bought at a deep discount. Tell. The. Truth.” In response, the Company’s share price declined $5.55, or 33% over three trading days. Then, on Mar. 10, 2021, after XL issued a more detailed response, Muddy Waters released another report, observing that XL did not deny key allegations, including (1) its inflated pipeline, (2) overstated customer base, and (3) low customer reorder rates. Finally, on Mar. 31, 2021, XL announced its Q4 and FY 2020 financial results missing Q4 consensus revenue expectations by nearly 10%. Moreover, XL forecasted Q1 2021 revenues of just $1 million, or just over 90% lower than Q4 2020 and just 1% of the $75 million total FY 2021 the company previously forecasted on Nov. 12, 2020, blaming the dim outlook on chip shortages. Muddy Waters tweeted that during the earnings call, “Cannacord analyst asked about 90% sales drop QoQ in Q1, saying that doesn’t square with chip shortage-related issues he’s seen elsewhere.” In response, the price of XL shares sharply dropped in after-hours trading. “We’re focused on investors’ losses and proving XL misled investors by exaggerating its order backlog,” said Reed Kathrein, the Hagens Berman partner leading the investigation. If you are an XL investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman. Whistleblowers: Persons with non-public information regarding XL Fleet should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email XL@hbsslaw.com. About Hagens BermanHagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw. Contact: Reed Kathrein, 844-916-0895
Nominee served in Obama administration and would be one of most powerful officials in defence
The BBC has reportedly received more than 100,000 complaints about its coverage of the death of the Duke of Edinburgh, a British TV record.The broadcaster set up a dedicated webpage for viewers to lodge their dissatisfaction at its coverage after it cleared its schedules to cover Philip's death on Friday.
A teenager who was stabbed to death in Sydenham has been named, as police arrested a woman on suspicion of murder. Metropolitan Police officers were called to the junction of Hazel Grove and Sydenham Road at around 7.20pm on Saturday following reports of a 17-year-old boy lying on the ground with stab wounds. Crews from the London Ambulance Service and London Air Ambulance also arrived at the scene, but he was pronounced dead shortly after 8pm.
Community members expressed anger with city officials after the killing, as well as with the police reponse to protests that followed
SAN FRANCISCO, April 12, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Canoo Inc. f/k/a Hennessy Capital Acquisition Corp. IV (NASDAQ: GOEV) investors with significant losses to submit your losses now. A securities fraud class action has been filed and certain investors may have valuable claims. Class Period: Aug. 18, 2020 – Mar. 29, 2021Lead Plaintiff Deadline: June 1, 2021 Visit: www.hbsslaw.com/investor-fraud/GOEV Contact An Attorney Now: GOEV@hbsslaw.com 844-916-0895 Canoo Inc. (NASDAQ: GOEV) Securities Fraud Class Action: The complaint alleges Canoo misled investors before and after going public through a SPAC closing on Dec. 21, 2020. Specifically, Defendants repeatedly touted a three-pronged strategy to generate revenue and growth: (i) an engineering services segment; (ii) the sales of subscriptions of vehicles to consumers; and (iii) the sale of vehicles to other businesses. Canoo also emphasized its agreements with established OEMs, including with Hyundai for the co-development of a future EV platform In truth, defendants concealed that Canoo (1) had decreased its focus on its plan to sell vehicles to consumers through a subscription model; (2) would de-emphasize its engineering services business; and (3) did not have partnerships with OEMs and no longer engaged in the previously announced partnership with Hyundai. On Mar. 29, 2021, the truth emerged when Canoo abruptly announced its CFO was being replaced, that it would deemphasize its engineering services business, would no longer focus on subscription sales to consumers, and try to make and sell its own vehicles to commercial operators. Moreover, on a call with investors, Canoo’s Chairman characterized senior management’s statements concerning the company’s partnerships as “aggressive” and that “they weren’t at our standard of representation to the public markets.” In response to this news, analyst Roth Capital downgraded the company’s shares from buy to neutral buy and slashed its price target, and the price of Canoo shares crashed. “We’re focused on investors’ losses and proving defendants intentionally misrepresented the viability of Canoo’s business model and business partnerships,” said Reed Kathrein, the Hagens Berman partner leading the investigation. If you are a Canoo investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman. Whistleblowers: Persons with non-public information regarding Canoo should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email GOEV@hbsslaw.com. About Hagens BermanHagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw. Contact:Reed Kathrein, 844-916-0895