The Ever Given, operated by Evergreen has defied efforts by tug boats to move it. Source: REFINITIV EIKON / Reuters
The Ever Given, operated by Evergreen has defied efforts by tug boats to move it. Source: REFINITIV EIKON / Reuters
The first rule? Don't be scared.
XPeng Inc. ("XPeng" or the "Company", NYSE: XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced that it has entered into a Memorandum of Understanding ("MoU") with Zhongsheng Group ("Zhongsheng", HKEX: 0881), a leading automobile dealership group in China, to establish a long-term strategic partnership to provide both XPeng’s industry-leading Smart EV products and Zhongsheng’s high quality services to consumers, in order to further accelerate the Smart EV adoption in China.
The Department of Finance has turned itself into the Fair Work Ombudsman for underpaying staff.
Pickles says Greensill lobbying row shows need for urgent reform
Taiwan and Thailand risk joining Vietnam and Switzerland in running afoul of U.S. currency manipulation triggers in Treasury Secretary Janet Yellen's first foreign exchange report, expected this week, but whether she applies that label is unclear. The Biden administration has sought to engage more constructively with trading partners and allies, and currency experts say that Yellen could veer from the aggressive approach applied by the Trump administration in the currency report, taking into account the trade and capital flow distortions of the coronavirus pandemic and reviewing the structure of the report.
Rafael Nadal wished Grigor Dimitrov all the best after learning of his pain during their Monte Carlo clash. SOURCE: Open Court
United Rentals, Inc. (NYSE: URI) ("United Rentals" or "the company") and General Finance Corporation (NASDAQ: GFN) ("General Finance") today announced their entry into a definitive agreement under which United Rentals will acquire General Finance for $19 per share in cash, representing a total enterprise value of approximately $996 million, including the assumption of $400 million of net debt. The transaction is expected to be accretive to EPS and free cash flow upon close.
The Duke of Edinburgh’s project to custom build his own Land Rover hearse spanned 16 years. Philip requested a repaint in military green and designed the open top rear and special “stops” to secure his coffin in place. The polished sturdy, utilitarian vehicle, with its heavy duty wheels and angular structure, stands as a showcase for the duke’s practical nature, and his passion for functional design and engineering.
Shares of Zomedica Pharmaceuticals (NYSEMKT: ZOM) fell 13.7% on Thursday after the veterinary health company announced a change to its sales strategy. Zomedica will build out its internal sales team as it transitions away from its current distributor-based approach. CEO Robert Cohen said the move was precipitated by "changes at our current distributor that we believe have impacted its ability to market our products effectively."
SAN FRANCISCO, April 15, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Canaan Inc. (NASDAQ: CAN) investors with significant losses to submit your losses now. A securities class action has been filed and certain investors may have valuable claims. Class Period: Feb. 10, 2021 – Apr. 9, 2021Lead Plaintiff Deadline: June 14, 2021Visit: www.hbsslaw.com/investor-fraud/CAN Contact An Attorney Now: CAN@hbsslaw.com 844-916-0895 Canaan Inc. (NASDAQ: CAN) Securities Fraud Action: The complaint is focused on Canaan’s statements about its bitcoin mining machine business. According to the complaint, in past months, Canaan has falsely touted substantial improvement in its revenue visibility, its ability to more precisely forecast revenues, and its receipt of larger orders for its bitcoin mining machines. As recently as Apr. 9, 2021, Canaan’s CEO reportedly assured investors that the global shortage of chips used in its equipment did not negatively impact the company. But, on Apr. 12, 2021, Canaan reported horrible Q4 and FY 2020 financial results. Blaming supply chain disruptions, the company reported Q4 2020 total computing power sold tanked 93% year-over-year and quarter-over-quarter. Canaan also reported FY 2020 total computing power sold tanked 37% year-over-year. During the company’s earnings conference call that morning CEO Nangeng Zhang admitted, contrary to earlier statements, that Canaan had in fact run into a severe shortage of chip supply. This news sent the price of Canaan American Depositary Shares crashing nearly 30% lower that day. “We’re focused on investors’ losses and proving Canaan intentionally and falsely assured investors of its forecasted revenues and its insulation from the chip shortage,” said Reed Kathrein, the Hagens Berman partner leading the investigation. If you are a Canaan 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 Canaan 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 CAN@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
The corporate watchdog says its investigations following the banking royal commission have so far resulted in $77.The figure was revealed in the Australian Securities and Investments Commission's enforcement report covering July to December 2020.
RADNOR, Pa., April 15, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of New York against Vroom, Inc. (NASDAQ: VRM) (“Vroom”) on behalf of those who purchased or acquired Vroom securities between June 9, 2020 and March 3, 2021, inclusive (the “Class Period”). Investor Deadline Reminder: Investors who purchased or acquired Vroom securities during the Class Period may, no later than May 21, 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 email@example.com; or click https://www.ktmc.com/vroom-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=vroom Vroom operates an end-to-end ecommerce platform that sells fully reconditioned vehicles. The Class Period commences on June 9, 2020, when Vroom filed the prospectus for its initial public offering (“IPO”) with the U.S. Securities and Exchange Commission (“SEC”) on a Form 424B4, which incorporated and formed part of the registration statement for the IPO. On September 8, 2020, Vroom filed with the SEC a registration statement on a Form S-1 for a follow-on stock offering, in which Vroom sold 10.8 million shares of stock at $54.50 per share for nearly $590 million in gross offering proceeds (the “Secondary Offering”). On September 11, 2020, Vroom filed the prospectus for the Secondary Offering with the SEC on a Form 424B4, which formed part of and incorporated the registration statement for the Secondary Offering. According to the complaint, on March 3, 2021, Vroom announced its fourth quarter and full year 2020 financial results. Therein, Vroom reported that fourth quarter “Ecommerce Vehicle gross profit per unit decreased 13.1% to $878, driven primarily by lower sales margins, partially offset by improvements in inbound logistics and reconditioning costs per unit.” Vroom also reported that for the fourth quarter, its “[n]et loss increased 41.9% to $60.7 million.” During the accompanying earnings call, the defendants revealed that Vroom was suffering from serious sales and support bottlenecks which had severely constrained Vroom’s growth and profits per vehicle. Following this news, Vroom’s stock price fell $12.29 per share, or 27.9%, to close at $31.61 per share on March 4, 2021. The complaint alleges that, throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Vroom was unable to sell a significant portion of existing inventory as a result of inadequate sales personnel and overreliance on third-party sales support; (2) Vroom’s lack of adequate sales and support staff had resulted in severe growth constraints, degraded customer experience, lost sales opportunities and a greater than 10% increase in average days to sale for Vroom products; (3) Vroom had been forced to mark down and liquidate existing inventory at fire sale prices; and (4) as a result of the foregoing, the defendants’ positive statements about Vroom’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. Vroom investors may, no later than May 21, 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)firstname.lastname@example.org
FORT LAUDERDALE, Fla. and NEW YORK, April 15, 2021 (GLOBE NEWSWIRE) -- SEACOR Holdings Inc. (“SEACOR” or the “Company”) and American Industrial Partners (“AIP”) today announced the completion of the acquisition of SEACOR by AIP and its affiliates following their receipt of 70.4% of outstanding shares validly tendered as of the expiration time of the tender offer. “Today marks an important milestone for SEACOR. I am confident in the Company’s smooth transition to a private company and look forward to seeing the Company’s continued success in partnership with AIP,” said Charles Fabrikant, Founder of SEACOR. “We’re excited to complete this transaction and become part of the AIP family,” said Eric Fabrikant, Chief Executive Officer of SEACOR. “Going forward, SEACOR will have greater financial flexibility to execute our strategy and pursue long-term growth opportunities and industry consolidation. As we enter this exciting new chapter, we look forward to leveraging AIP’s investment and operational expertise as we seek to further strengthen our market position across all our businesses.” “We are excited to complete this transaction with SEACOR,” said Jason Perri, Partner of AIP. “SEACOR has a proven strategy and an attractive portfolio of businesses with a track record as a first-class operator across various end markets, including the Jones Act marine space. This is a valuable addition to the AIP investment portfolio and we look forward to working closely with the SEACOR management team to continue growing the businesses.” The previously announced tender offer for the outstanding shares of common stock of SEACOR at a price of US$41.50 per share in cash expired at 5:00 p.m., Eastern Time, on April 14, 2021. On April 15, 2021, Safari Merger Subsidiary, Inc. (“Purchaser”) accepted for payment all shares validly tendered and not withdrawn as of the expiration time of the tender offer. Following its acceptance of the tendered shares, Purchaser merged with and into SEACOR, with SEACOR continuing as the surviving corporation. As a result of the merger, all SEACOR shares not previously purchased in the tender offer (other than shares held by stockholders who properly exercised their appraisal rights under Delaware law) were converted into the right to receive the same US$41.50 per share, net to the seller in cash. As a result of the completion of the merger, SEACOR is now a private company and its common stock has ceased trading on the New York Stock Exchange. Foros acted as financial advisor to SEACOR. Milbank LLP acted as legal advisor to SEACOR and Ropes & Gray LLP acted as legal advisor to AIP. * * * * * About SEACOR HoldingsSEACOR Holdings Inc. is a diversified holding company with interests in domestic and international transportation and logistics, crisis and emergency management, and clean fuel and power solutions. About American Industrial PartnersAmerican Industrial Partners is an operationally oriented private equity firm that invests in industrial businesses serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989. To date, American Industrial Partners has completed more than 100 transactions and currently has more than $8 billion of assets under management on behalf of leading pension, endowment and financial institutions. For more information on American Industrial Partners, visit www.americanindustrial.com. CONTACT: Media Contact Stephen Pettibone / Mike DeGraff Sard Verbinnen & Co. SEACOR-SVC@sardverb.com
PHILADELPHIA, April 15, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Lordstown Motors Corp. (NASDAQ: RIDE) (“Lordstown” or the “Company”) f/k/a DiamondPeak Holdings Corp. (NASDAQ: DPHC) (“DiamondPeak”) on behalf of investors who purchased shares of the Company’s stock between August 3, 2020 and March 17, 2021, inclusive (the “Class Period”). Lordstown stockholders who purchased or acquired DPHC or RIDE securities prior to September 21, 2020 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by email at email@example.com or online at https://kaskelalaw.com/case/xl-fleet-corp/, for additional information about this action and their legal rights and options. According to the complaint, on March 12, 2021, Hindenburg Research published a scathing report on the electric light duty truck manufacturer entitled “The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, and a Prototype Inferno.” According to Hindenburg, the Company’s claimed 100,000 pre-orders for its EV truck were “largely fictitious and used as a prop to raise capital and confer legitimacy.” Hindenburg further cited significant, undisclosed production delays and a prototype that “burst into flames 10 minutes before the test drive” in January 2021, substantiating claims by former employees that the company is not conducting the needed testing or validation required by the NHTSA. Following this news, shares of the Company’s stock fell $2.93 per share, or over 16% in value, to close on March 12, 2021 at $14.78 per share, on heavy trading volume. Then, on March 17, 2021, the Company held an earnings call during which Defendant Burns disclosed that Lordstown had received an inquiry from the SEC. Remarkably, although Lordstown also issued a press release and a Form 8-K announcing its fourth quarter and full year 2020 financial results after trading closed on March 17, 2021, the Company failed to disclose the existence of the SEC inquiry in those filings. Following this news, shares of the Company’s stock fell an additional $2.08 per share, or over 13% in value, to close on March 18, 2021 at $13.01 per share, again on heavy trading volume. Lordstown investors who purchased or acquired DPHC or RIDE securities prior to September 21, 2020 are encouraged to contact Kaskela Law LLC for additional information about this action and their legal rights and options. Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. CONTACT:D. Seamus Kaskela, Esq.KASKELA LAW LLC18 Campus Boulevard, Suite 100Newtown Square, PA 19073(484) 258 – 1585(888) 715 – firstname.lastname@example.org
PHILADELPHIA, April 15, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Plug Power Inc. (“Plug Power” or the “Company”) (NASDAQ: PLUG) on behalf of investors who purchased shares of the Company’s stock between November 9, 2020 and March 1, 2021, inclusive (the “Class Period”). Plug Power investors who suffered an investment loss in excess of $100,000 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by email at email@example.com or online at https://kaskelalaw.com/case/plug-power-inc/, for additional information about this action and their legal rights and options. According to the complaint, on March 2, 2021, Plug Power filed a Notification of Late Filing with the SEC disclosing that it could not timely file its annual report for the period ended December 31, 2020 because the Company was completing a “review and assessment of the treatment of certain costs with regards to classification between Research and Development versus Costs of Goods Sold, the recoverability of right of use assets associated with certain leases, and certain internal controls over these and other areas.” The Company also disclosed that “[i]t is possible that one or more of these items may result in charges or adjustments to current and/or prior period financial statements.” Following this news, shares of the Company’s stock fell $13.26 per share, or over 25% in value, over the following trading days to close at $39.30 on March 5, 2021. Subsequently, on March 16, 2021, Plug Power further disclosed that it “will restate its previously issued financial statements for fiscal years 2018 and 2019 and its quarterly filings for 2019 and 2020.” IMPORTANT DEADLINE: Investors who purchased Plug Power’s securities during the Class Period may, no later than May 7, 2021, seek to be appointed as a lead plaintiff representative in the action. Plug Power investors who suffered an investment loss in excess of $100,000 are encouraged to contact Kaskela Law LLC to discuss this opportunity to actively participate in the action. Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. CONTACT:D. Seamus Kaskela, Esq.KASKELA LAW LLC18 Campus Boulevard, Suite 100Newtown Square, PA 19073(484) 258 – 1585(888) 715 – firstname.lastname@example.org
This look is definitely one of the most risqué we've ever seen.
Journalism Is Not a Crime: Experienced corespondent stands her ground, writes Andrew Buncombe
Chicago’s police review board released body camera video on Thursday of a police officer’s fatal shooting of teenager Adam Toledo last month. (April 15)
A conspiracy theorist, who reportedly hosted two large gatherings at his residence, tested positive for Covid-19 after his death.
The birth of the four striped cubs on March 12 came after more than 20 years of efforts by the zoo's tiger breeding program to reproduce the endangered animals."It was a normal birth, everything went well and she's now started to carry out her role as a mother, she's a good mother,'' said Angel Pachy, a tiger specialist at the zoo."And something else that has brought us a lot of joy is that among the cubs was a white tiger. A white tiger had never been born in Cuba. We have reports of all the births in all the zoos in the country since zoos came into existence in Cuba and we've never had a white tiger so we are even happier because white tigers are very rare in nature and there are very few of them," he added.White tigers are a genetic variation of the better-known orange Bengal tigers. Thousands of tigers once roamed the forests in Bangladesh, India and Nepal. But their numbers have plummeted to just about 2,500 now, wildlife experts say. Poaching, deforestation and over-hunting have all taken their toll on the tigers.