Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Alibaba Group Holding Limited (BABA)

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Alibaba Group Holding Limited (BABA)

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming January 12, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Alibaba Group Holding Limited (“Alibaba” or the “Company”) (NYSE: BABA) securities between October 21, 2020 and November 3, 2020 inclusive (the “Class Period”).

If you suffered a loss on your Alibaba investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/alibaba-group-holding-limited/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

Alibaba is an online and mobile commerce company. Alibaba owns a 33% equity interest in Ant Small and Micro Financial Services Group Co., Ltd. (“Ant Group”), a financial technology company that is best known for operating Alipay, one of the largest mobile and online payments platforms.

On July 20, 2020, Ant Group announced that it had begun the process of a concurrent initial public offering (“IPO”) on the Shanghai and Hong Kong stock exchanges.

On October 26, 2020, Ant Group priced its IPO and was set to raise $34.5 billion, making it the largest public offering in history.

On November 2, 2020, Financial Times reported that Chinese regulators had met with Ant Group’s controller Jack Ma, executive chairman Eric Jing, and Chief Executive Officer Simon Hu. The article stated that, though regulators did not provide details, “the Chinese word used to describe the interview – yuetan – generally indicates a dressing down by authorities.” The article also included a statement from Ant Group that it will “implement the meeting opinions in depth.”

On November 3, 2020, the IPO was suspended because Ant Group “may not meet listing qualifications or disclosure requirements due to material matters” related to the meeting with regulators the previous day and “the recent changes in the Fintech regulatory environment.”

On this news, the Company’s share price fell $25.27, or 8%, to close at $285.57 per share on November 3, 2020, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Ant Group did not meet listing qualifications or disclosure requirements for certain material matters; (2) that certain impending changes in the Fintech regulatory environment would impact Ant Group’s business; (3) that, as a result of the foregoing, Ant Group’s IPO was reasonably likely to be suspended; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you purchased or otherwise acquired Alibaba securities during the Class Period, you may move the Court no later than January 12, 2021 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP, Los Angeles

Charles Linehan, 310-201-9150 or 888-773-9224

[email protected]

www.glancylaw.com

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Legal Professional Services

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Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Innate Pharma SA (IPHA)

LOS ANGELES, Nov. 17, 2020 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming December 22, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Innate Pharma SA (“Innate” or the “Company”) (NASDAQ: IPHA) securities between March 10, 2020 and September 8, 2020, inclusive (the “Class Period”).

If you suffered a loss on your Innate investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/innate-pharma-sa/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

On October 23, 2018, Innate and AstraZeneca plc (“AstraZeneca”) announced an expansion of a pre-existing collaboration agreement, whereby AstraZeneca acquired 9.8% equity stake in Innate and obtained full oncology rights to monalizumab, a first-in-class humanized anti-NKG2A antibody.  As part of this agreement, Innate would receive $100 million in milestone payments at the start of the first Phase 3 clinical trial for monalizumab. 

On September 8, 2020, Innate announced that it had amended its collaboration agreement with AstraZeneca. Innate “will now receive a $50 million payment upon AstraZeneca’s dosing of the first patient in the Phase 3 trial, and a $50 million payment after the interim analysis demonstrates the combination meets a pre-defined threshold of clinical activity.” 

On this news, the Company’s American Depositary Share (“ADS”) price fell $1.62 per share, or 26.6%, to close at $4.45 per ADS on September 8, 2020.

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Innate touted the results of their various Phase 2 trials as being within expectations; (2) Innate continued to reassure investors that they were eligible for the $100 million payment upon first dosing of Phase 3 trials; (3) Innate failed to timely disclose their renegotiations with AstraZeneca to split the $100 million payment into two $50 million payments, to be partially contingent on performance during the Phase 3 trials; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you purchased or otherwise acquired Innate securities during the Class Period, you may move the Court no later than December 22, 2020 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased. 

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Glancy Prongay & Murray LLP, Los Angeles
Charles H. Linehan, 310-201-9150 or 888-773-9224
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
www.glancylaw.com  
[email protected]



Understanding Open Radio Access Networks

5G Americas white paper details key architecture aspects, key motivations, and challenges in adoption of Open RAN architectures

BELLEVUE, Wash., Nov. 17, 2020 (GLOBE NEWSWIRE) — Open Radio Access Networks (Open RAN) is a concept that involves the interoperability of open hardware, software, and interfaces for cellular wireless networks. 5G Americas, the wireless industry trade association and voice of 5G and LTE for the Americas, today announced the publication of a white paper titled Transition Toward Open & Interoperable Networks, highlighting how Open RAN could enable innovation in 5G networks, as network operators navigate diverse planning and deployment strategies with an interoperable multi-vendor ecosystem.

Chris Pearson, President of 5G Americas said, “Open RAN is an important topic in the industry right now. It is a development that requires a full understanding of the technical architecture and interdependent multi-vendor ecosystem.” He added, “Our 5G Americas white paper provides a critical reference tool to the overall growing 5G wireless industry to fully understand the opportunities and challenges of Open RAN.”

Open RAN architecture combines a modular base station software stack with off-the-shelf hardware, which allocates baseband and radio unit components from isolated suppliers to operate seamlessly together, whether or not elements of the RAN are virtualized or disaggregated. Even though Open RAN is gaining momentum, it is at an early phase of commercial adoption by the global wireless community.

This 5G Americas white paper covers the following topics:

  • Overview and goals of Open RAN
  • Operator trials and deployments
  • Introduction to the ecosystem of Open RAN development bodies
  • Open RAN architectural considerations
  • Role of Artificial Intelligence (AI) & Machine Learning (ML) initiatives in Open RAN
  • Management, orchestration and automation of Self-Organizing Networks (SON) for varying use cases
  • Key motivations & challenges faced by operators in adoption of a multi-vendor Open RAN platform

Said Durga Satapathy, Director, Advanced Technologies & Innovation at T-Mobile, “The Open RAN approach has benefited from global collaboration in the telecom ecosystem, and presents itself as an alternative worthy of consideration for greenfield deployments or any time operators embark on network upgrades or enhancements.”

One goal of the Open RAN movement is establishing network architecture that evolves network cellular networks towards an open and intelligent RAN, while complying with 3GPP standards. With Open RAN, operators could deploy networks with a mix-and-match of remote unit (RU) and distributed unit (DU) and central unit (CU) vendors.

Additionally, an Open RAN approach can provide additional flexibility to meet 5G application requirements. Specifically, 5G supports vertical applications with different network requirements for performance, capacity and latency.

Amit Mehrotra, Nokia’s Global Head of Sales for Network Planning, Optimization and Analytics said, “SLA management and seamless integration with existing networks are critical to the success of Open RAN deployments. Artificial Intelligence and Machine Learning applications will be essential tools to help manage and monetize networks with multiple spectrum bands, network slices and varied applications in this new 5G environment.”

According to Charlie Michaelis, Associate Director of Big Data for AT&T, “Managing the operations and the customer satisfaction of a heterogeneous-cellular network requires a complex and labor-intensive organization with specific objectives and key success factors. As cellular network operators transition to increasingly diverse heterogeneous 5G systems, AI and machine learning are increasingly needed to not only help manage capital investment, but also to manage the increasingly complex networks”.

The paper Transition Toward Open & Interoperable Networks is available for free download on the 5G Americas website. Blog post by Chris Pearson, and presentation slides are also featured on the 5G Americas website.

About 5G Americas: The Voice of 5G and LTE for the Americas

5G Americas is an industry trade organization composed of leading telecommunications service providers and manufacturers. The organization’s mission is to facilitate and advocate for the advancement and transformation of LTE, 5G and beyond throughout the Americas. 5G Americas is invested in developing a connected wireless community while leading 5G development for all the Americas. 5G Americas is headquartered in Bellevue, Washington. More information is available at 5G Americas website and Twitter.

5G Americas’ Board of Governors Members include AT&T, Cable & Wireless, Ciena, Cisco, CommScope, Crown Castle, Ericsson, Intel, Mavenir, Nokia, Qualcomm Incorporated, Samsung, Shaw Communications Inc., T-Mobile US, Inc., Telefónica, VMware and WOM.

Contact:

5G Americas
Viet Nguyen
+1 206 218 6393
[email protected]



Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Las Vegas Sands Corp. (LVS)

LOS ANGELES, Nov. 17, 2020 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming December 21, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Las Vegas Sands Corp. (“Las Vegas Sands ” or the “Company”) (NYSE: LVS) securities between February 27, 2016 and September 15, 2020, inclusive (the “Class Period”). 

If you suffered a loss on your Las Vegas Sands investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/las-vegas-sands-corp/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

On July 19, 2020, Bloomberg reported that Las Vegas Sands had settled a lawsuit brought by a former patron for $6.5 million. The lawsuit against the Company’s casino in Singapore, Marina Bay Sands, alleged that the casino transferred funds from his casino deposit accounts without his approval, which triggered a probe by local authorities. The article reported that the U.S. Department of Justice “is also scrutinizing whether anti-money laundering procedures had been breached in the way the Singapore casino handles high rollers.”

On this news, the Company’s stock price fell $1.41, or approximately 3%, to close at $47.28 per share on July 20, 2020, thereby injuring investors.

Then, on September 16, 2020, Bloomberg reported that Marina Bay Sands “has hired a law firm to conduct a new investigation into employee transfers of more than $1 billion in gamblers’ money to third parties.” The article also stated that Singapore’s Casino Regulatory Authority had identified “weaknesses in [Marina Bay Sands’] casino control measures pertaining to fund transfers.”

On this news, the Company’s stock price fell $2.18 per share, or 4%, to close at $49.67 per share on September 16, 2020, thereby injuring investors further.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that weaknesses existed in Marina Bay Sands’ casino control measures pertaining to fund transfers; (2) that the Marina Bay Sands’ casino was consequently prone to illicit fund transfers that implicated, among other issues, the transfer of customer funds to unauthorized persons and potential breaches in the Company’s anti-money laundering procedures; (3) that the foregoing foreseeably increased the risk of litigation against the Company, as well as investigation and increased oversight by regulatory authorities; (4) that Las Vegas Sands had inadequate disclosure controls and procedures; (5) that, consequently, all the foregoing issues were untimely disclosed; and (6) that, as a result, the Company’s public statements were materially false and misleading at all relevant times. 

If you purchased or otherwise acquired Las Vegas Sands securities during the Class Period, you may move the Court no later than December 21, 2020 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com.  If you inquire by email please include your mailing address, telephone number and number of shares purchased.  

Follow us for updates on LinkedIn, Twitter, or Facebook.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Glancy Prongay & Murray LLP, Los Angeles
Charles H. Linehan, 310-201-9150 or 888-773-9224
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
www.glancylaw.com  
[email protected]



Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against JPMorgan Chase & Co. (JPM)

LOS ANGELES, Nov. 17, 2020 (GLOBE NEWSWIRE) —

Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming December 23, 2020 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased JPMorgan Chase & Co. (“JPMorgan” or the “Company”) (NYSE: JPM) securities between February 23, 2016 and September 23, 2020, inclusive (the “Class Period”).

If you suffered a loss on your JPMorgan investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/jpmorgan-chase-co/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

On November 6, 2018, the U.S. Department of Justice (“DOJ”) announced in a press release that former JPMorgan precious metals trader John Edmonds pleaded guilty to commodities fraud and spoofing conspiracy—i.e., placing larger orders with no intention of executing, thereby creating an artificial impression of high demand or supply of the commodity in question.

On August 20, 2019, the DOJ then announced that another JPMorgan employee, Christian Trunz, had pled guilty to spoofing charges, admitting that he had learned to spoof from more senior traders and had engaged in spoofing with the knowledge and consent of his supervisors.

On September 23, 2020, Bloomberg reported that JPMorgan was nearing a settlement to resolve the spoofing charges, stating that the Company was “poised to pay close to $1 billion.”

On this news, the Company’s stock price fell $2.04 per share, or 2.15%, to close at $92.74 per share on September 23, 2020.

On September 29, 2020, the Commodity Futures Trading Commission formally announced that it had ordered the Company to pay $920 million to settle spoofing and market manipulation charges.

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) traders at the Company, with the knowledge and consent of their superiors, manipulated the precious metals market by “spoofing,” or placing fake orders to generate the appearance of market demand; (2) the Company had insufficient controls and compliance protocols to enable it to identify and stop the misconduct; (3) the Company’s earnings in the physical commodity market were, at least in part, ill-gotten; (4) such conduct would result in enhanced regulatory scrutiny; (5) the Company provided misleading information to CFTC investigators at early stages of the investigation into the misconduct; (6) resolution of the governmental investigation into the Company would result in a record-breaking $920 million fine; and (7) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you purchased or otherwise acquired JPMorgan securities during the Class Period, you may move the Court no later than December 23, 2020 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased. 

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Glancy Prongay & Murray LLP, Los Angeles
Charles H. Linehan, 310-201-9150 or 888-773-9224
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
www.glancylaw.com  
[email protected]

 



DEADLINE ALERT for TCMD, CACC, ACB, PGEN: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

BENSALEM, Pa., Nov. 17, 2020 (GLOBE NEWSWIRE) — Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to [email protected].

Tactile Systems Technology, Inc. (NASDAQ: TCMD)
Class Period: May 7, 2018 – June 8, 2020
Lead Plaintiff Deadline: November 30, 2020

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that while Tactile publicly touted a $4 plus billion or $5 plus billion market opportunity, in fact, the total addressable market for Tactile’s medical devices was materially smaller; (2) to induce sales growth and share gains, the Company and/or its employees were engaged in illicit and illegal sales and marketing activities in violation of applicable federal and state rules and public payer regulations; (3) the foregoing illicit and illegal sales and marketing activities increased the risk of a Medicare audit of the Tactile’s claims and criminal and civil liability; (4) Tactile’s profits were in part the product of unlawful conduct and thus unsustainable; and that as a result of the foregoing, (5) the Company’s public statements, including its year-over-year revenue growth and the purported growth drivers, were materially false and misleading at all relevant times; and (6) that, as a result of the foregoing, the Defendants’ statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Credit Acceptance Corporation (NASDAQ: CACC)
Class Period: November 1, 2019 – August 28, 2020
Lead Plaintiff Deadline: December 1, 2020

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors : (1) that Credit Acceptance was topping off the pools of loans that they packaged and securitized with higher-risk loans; (2) that Credit Acceptance was making high interest subprime auto loans to borrowers that the Company knew borrowers would be unable to repay; (3) that the borrowers were subject to hidden finance charges, resulting in loans exceeding the usury rate ceiling mandated by state law; (4) that Credit Acceptance took excessive and illegal measures to collect debt from defaulted borrowers; (5) that, as a result, Credit Acceptance was likely to face regulatory scrutiny and possible penalties from various regulators or lawsuits; and (6) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.  

Aurora Cannabis, Inc. (NYSE: ACB)
Class Period: February 13, 2020 – September 4, 2020
Lead Plaintiff Deadline: December 1, 2020


Shareholders with losses exceeding $50,000 are encouraged to contact the firm
 

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company had significantly overpaid for previous acquisitions and experienced degradation in certain assets, including its production facilities and inventory; (2) the Company’s purported “business transformation plan” and cost reset failed to mitigate the foregoing issues; (3) accordingly, it was foreseeable that Aurora would record significant goodwill and asset impairment charges; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Precigen, Inc.
f/k/a Intrexon Corporation (NASDAQ: PGEN, XON)
Class Period: May 10, 2017 – September 25, 2020
Lead Plaintiff Deadline: December 4, 2020

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company used pure methane, rather than natural gas, as the feedstock to achieve the reported results from its methane bioconversion platform; (2) that yields from natural gas as a feedstock were substantially lower than yields using pure methane; (3) that, due to the substantial price difference between pure methane and natural gas, pure methane was not a commercially viable feedstock; (4) that, due to the high costs of pure methane, the Company could not sustain operations of the methane bioconversion platform without pursuing financial alternatives; (5) that, due to the reduced yields from natural gas and high costs of pure methane, the Company could not find a financial or strategic partner for its methane conversion platform; (6) that, as a result of the foregoing, the Company was forced to divest its methane bioconversion platform and associated intellectual property, allowing the Company to focus on its other strategic assets; (7) that the Company was under investigation by the SEC; and (8) that, as a result of the foregoing, Defendants’ public statements were materially false and misleading at all relevant times.

To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com



MDSAVE WELCOMES FORMER MEDNAX EXECUTIVE AS CHIEF COMMERCIAL OFFICER

BRENTWOOD, Tenn., Nov. 17, 2020 (GLOBE NEWSWIRE) — MDsave, leading health technology company in transparent, shoppable medical care, today announced the appointment of Patrick Gilmore as Chief Commercial Officer. Mr. Gilmore comes to MDsave with a proven background in Sales, Account Management, Marketing, Channels and Business Development and will oversee the former startup’s scaling and continued growth.

“MDsave has achieved substantial growth rates for three consecutive years, and Pat is the right leader to accelerate this growth,” said Greg Born, MDsave President and COO. “Pat’s extensive experience in healthcare sales strategy and his proven track record in year-over-year rapid revenue growth will help MDsave further accelerate growth as we expand our healthcare transparency platform to more patients and providers across the country.” 

MDsave currently partners with more than 300 quality providers to offer affordable rates on procedures for patients to purchase directly online or in the hospital. Similar to online shopping, customers pay for their procedure upfront and the price includes all procedural related fees. 

Mr. Gilmore joins MDsave as the company pioneers an eCommerce transparency solution for hospitals facing the impending Transparency Rule taking effect the first of the new year 2021. Under Mr. Gilmore’s guidance, MDsave will be helping bring hospitals into federal compliance with a patient-friendly transparency site that takes the burden off of hospital IT and administration. “Hospitals shouldn’t be afraid of transparency,” said Mr. Gilmore. “Technology has evolved to the point where both patients and the providers who treat them can have a straightforward, no-surprises transaction without all the red tape in the middle.” 

Prior to joining MDsave, Mr. Gilmore most recently served as National Vice President of Sales, Marketing and Account Management at MEDNAX, where he led a team that grew the sales bookings and revenues significantly year-over-year.  Previously, he served as Senior Vice President of Sales and Account Management for TransUnion Healthcare for 6+ years, where under his leadership the team consistently delivered results. Mr. Gilmore has also served as Vice President US Healthcare CRM for Oracle and as a Senior Regional Vice President for McKesson Provider Solutions.

“I’m looking forward to helping MDsave transform how we pay for our healthcare,” Mr. Gilmore said of joining MDsave. “In today’s world of high deductibles, which we don’t expect to change in the near future, transparency creates a great situation for patients, providers and payers to be able to have visibility to what is included in a procedure and the payment options that are available. This is truly a Win-Win situation for the local community.”

To learn more, visit MDsave.com.

About MDsave

Co-located in Brentwood, Tenn. and San Francisco, Calif., MDsave is the world’s first online healthcare marketplace, bringing together patients seeking affordable, reliable care with providers offering high-quality services at fair prices. Using cutting-edge technology, MDsave simplifies the healthcare billing process for patients and providers alike through negotiated rates, bundled pricing, and upfront payment. The MDsave marketplace also helps employers and payers offer more value to employees and policyholders with out-of-pocket deductible costs. For more information, visit http://www.mdsave.com.

Attachment



Kate Steurer
MDsave
615-814-6260
[email protected]

CIO Leadership: World-Class Technology Leaders to Discuss the Challenges and Triumphs of Returning to the Workplace at HMG Strategy’s 2020 HMG Live! Silicon Valley CIO Executive Leadership Summit

WESTPORT, Conn., Nov. 17, 2020 (GLOBE NEWSWIRE) — HMG Strategy, the world’s #1 digital platform for connecting technology executives to reimagine the enterprise and reshape the business world, will draw on its peer-focused, research driven content at its 2020 HMG Live! Silicon Valley CIO Executive Leadership Summit on November 19. HMG Strategy has produced more than 80 digital events since March, bringing together distinguished technology leaders to discuss the most pressing leadership, strategic, cultural, technological and career challenges technology executives face today.

Engaging topics that technology leaders will be discussing at the event include identifying and preparing the enterprise for future risks, positioning your career to take advantage of successfully enabling the enterprise to make the digital pivot, and hearing from the CEOs of innovative cyber companies that are offering solutions to the critical threats companies are facing today.


Global businesses rely
more on technology than ever before, and with so much innovation ahead, there’s never been a better time to be a
technology executive
,” said Hunter Muller, President and CEO of HMG Strategy. “CIOs and technology leaders will guide us through the coming years, with the most successful ones watching for opportunities to prepare for the future and provide the best solutions for their companies.”

Notable technology leaders speaking at the 2020 HMG Live! Silicon Valley CIO Executive Leadership Summit will include:

  • John Abel, SVP & CIO, Veritas Technologies LLC
  • Snehal Antani, Co-Founder & CEO, Horizon3.ai
  • Richard Archdeacon, Advisory CISO, Duo Security
  • Jason Beard, Sr. Director, Data Strategy & Governance, Informatica
  • Glenn Chisholm, Co-Founder & CEO, Obsidian Security
  • Eric Christopher, Co-Founder & CEO, Zylo
  • Julie Cullivan, Chief Technology & People Officer, Forescout Technologies, Inc.
  • Marcus Fowler, Director of Strategic Threat, Darktrace
  • Chris Gates, Chief Technology Officer, Allstate
  • Nikhil Gupta, Co-Founder & CEO, ArmorCode Inc.
  • Lakshmi Hanspal, Global Chief Information Security Officer, Box
  • Jonah Kowall, Chief Technology Officer, Logz.io
  • Tony Leng, Managing Director, Digital Transformation, and CIO Practice Lead, Diversified Search
  • Ralph Loura, SVP IT & CIO, Lumentum
  • Deb Muro, CIO, RN, CHCIO, El Camino Health
  • Mark Polansky, Senior Partner, Technology Officers Practice, Korn Ferry
  • David Politis, Founder and CEO, BetterCloud
  • Sharon Schusheim, VP, Information Systems, Check Point Software Technologies Inc.
  • Gary Sorrentino, Global Deputy CIO of Zoom
  • Scott St
    r
    ickland, EVP & CIO, Wyndham Hotels and Resorts
  • Rahul Tripathi, CTO Customer Success & VP/GM Worldwide Professional Services, Nutanix
  • Kathryn Ullrich, Technology Partner & Head of U.S. Diversity Practice, Odgers Berndtson

Strategic Partners for the 2020 HMG Live! Silicon Valley CIO Executive Leadership Summit on November 19 include BetterCloud, Darktrace, Duo Security, Informatica, Ivanti, Logz.io, Nutanix, SIM San Francisco Bay Area, Zoom, and Zylo.

To learn more about the 2020 HMG Live! Silicon Valley CIO Executive Leadership Summit and to register for the event, click here.

UPCOMING EVENTS

HMG Strategy will be hosting its 2020 HMG Live! Seattle CIO Executive Leadership Summit on November 23. Prominent technology executives speaking at this event include:

  • Snehal Antani, Co-Founder & CEO, Horizon3.ai
  • David Bernert, Vice President Digital Enterprise and Chief Architect, The Boeing Company
  • Eric Christopher, Co-Founder and CEO, Zylo
  • Nick Durkin, Field CTO, Harness.io
  • Wolfgang Goerlich, Advisory CISO, Duo Security
  • Nikhil Gupta, Co-Founder & CEO, AmorCode Inc.
  • Beverly Lieberman, President, Halbrecht Lieberman Associates
  • Ralph Loura, SVP IT & CIO, Lumentum
  • Craig M
    a
    ckereth, GVP, Global Service Delivery, Support, Rimini Street
  • David Morris, Founder, Chairman & CEO, HiPER Solutions
  • Phil Richards, CSO, Ivanti
  • Trevor Schulze, SVP & CIO, RingCentral
  • Kathryn Ullrich, Technology Partner & Head of U.S. Diversity Practice, Odgers Berndtson
  • Jennifer Wesson Greenman, Chief Information Officer, Cancer Treatment Centers of America Global

Strategic Partners for the 2020 HMG Live! Seattle CIO Executive Leadership Summit on November 17 include ArmorCode Inc., Duo Security, Ivanti, Harness.io, Horizon3.ai, Rimini Street, RingCentral, SIM Seattle, Unravel, Yellowbrick, and Zylo.

To learn more about the 2020 HMG Live! Seattle CIO Executive Leadership Summit and to register for the event, click here.

HMG Strategy will be hosting its 2020 HMG Live! U.K. CIO Executive Leadership Summit (16:00 – 18:30 GMT) on November 24. Prominent technology executives speaking at this event include:

  • Charlotte Baldwin, Chief Digital and Technology Officer, Freshfields Bruckhaus Deringer
  • Nick Burton, Chief Information & Digital Officer, Vice President, Avon International
  • Allan Cockriel, CIO, Global Functions/IRM & Global CISO, Shell
  • Joanna Drake, CIO, The Hut Group
  • Emma Dutton, MBE, Co-Founder and CEO, Applied Influence Group
  • Richard M. Entrup, Managing Director, Enterprise Innovation and 5G Solutions, Verizon
  • Ursuline Foley, Board Member & Strategic Advisor, Provident Bank
  • Kevin Haskew, SVP & CIO, ON Semiconductor
  • James Herbert, CEO and Founder, Foundry4
  • Ed Hutt, Group Chief Technology Officer, Impellam Group
  • Daphne Jones, Board of Directors AMN Healthcare, Barnes Group, Inc. and Masonite International, Founder, Destiny Transformations Group
  • Bill Limond, Former CIO, National Health Insurance Co, Qatar Supreme Council of Health
  • Louise Mc
    C
    arthy, Senior Advisor Digital Practice, Bain & Company
  • G
    avin Munroe, Global CIO for Wealth and Personal Banking, HSBC
  • Michelle Parczuk, VP People, Culture & Organisation, Avon International
  • Freddie Quek, Chief Technology Officer, Times Higher Education
  • Dave Roberts, Global IT Director, Stantec
  • Graham Spivey, Chief Communications Officer, UK IT Leaders
  • David Wilde, Owner and Managing Director and NED of DWilde Consulting

Strategic Partners for the 2020 HMG Live! U.K. CIO Executive Leadership Summit on November 24 include Appian, Aryaka, Darktrace, Forescout Technologies, Globant, Ivanti, Obsidian Security, PagerDuty, Slack, Sonatype, Tanium, Tessian and UK IT Leaders.

To learn more about the 2020 HMG Live! U.K. CIO Executive Leadership Summit and to register for the event, click here.

UPCOMING WEBINARS & DIGITAL ROUNDTABLES

HMG Strategy has also received exceptional interest in its webinars through the strength of the 400,000+ technology executives in its community and the quality of the content it delivers. HMG Strategy has scheduled multiple 30-to-60-minute webinars over the next few months with an arsenal of innovative technology companies such as Citrix, Darktrace, HCL Technologies, Ivanti, Moveworks, Nutanix, Okta, OutSystems, PagerDuty, RangeForce, RingCentral, UiPath, Zoom, Zscaler, and Zylo.

HMG Strategy will be hosting its next webinar on December 8 – The HMG Security Innovation Accelerator Panel. HMG Strategy hosted its first Security Innovation Accelerator Panel on Nov. 11 with enormous success, drawing CISOs and security leaders from around the world to hear from the CEOs and founders of emerging enterprise cybersecurity technology companies on how their companies are differentiated in the market and the cybersecurity challenges they solve for their customers.

In the December webinar, featured speakers will include George Avetisov, Co-Founder and CEO, HYPR; Glenn Chisholm, Co-Founder and CEO, Obsidian Security; Nikhil Gupta, Co-Founder and CEO, ArmorCode Inc.; and Ali Golshan, Co-Founder and CTO, StackRox.

To learn more about this webinar and to register for the event, click here.

On December 9th, HMG Strategy will host a digital roundtable powered by Moveworks entitled ‘Supporting the Work-From-Home Enterprise: 3 Secrets of the Successful Service Desk.’ In this interactive digital roundtable where participants can ask questions and share insights, Bhavin Shah, CEO of Moveworks, will share examples of enterprise companies are using artificial intelligence to provide real-time tech support to remote employees, autonomously resolve IT tickets via deep integrations and dramatically reduce the mean time to resolution of IT issues.

To learn more about this digital roundtable and to register for the event, click here.

Click here to view HMG Strategy’s complete calendar of upcoming and on-demand webinars.

Connecting Enterprise Technology Buyers with the Right Vendors

In the absence of large, national conferences or trade shows, CIOs and technology executives are seeking new ways to connect with their peers and find new business partners to help them drive innovation that can enable their companies to survive and grow.

Meanwhile, sales and marketing professionals at enterprise technology companies are looking for successful ways to engage with senior technology leaders and target accounts. HMG Strategy has harmonized these interests by creating the HMG Marketplace.

HMG Strategy’s high-powered Marketplace transforms the time-consuming request-for-information (RFI) process for CIOs and other technology buyers. Now, technology buyers can indicate the types of technologies and services they’re currently interested in and be matched with a prospective provider to make the connection.

“The HMG Marketplace essentially serves as a reference center to connect the right technology buyers with the right technology providers at the right time,” said Hunter Muller, President and CEO of HMG Strategy. “By filling out a short needs assessment survey, CIO, CTOs and other technology executives are connected with executive leaders and subject matter experts from technology companies to have focused, relevant discussions.”

Charter members that are actively participating in the HMG Marketplace include Appian, Aryaka, Darktrace, Forescout Technologies, Globant, Ivanti, Obsidian Security, PagerDuty, Slack, Sonatype, Tanium and Tessian.

“It’s challenging for all of us that we can’t all be together at these events,” says Nicole Eagan, Chief Strategy & AI Officer at Darktrace. “But the next best thing is being able to connect through the Marketplace. We’re committed that you won’t be meeting with a salesperson – you’ll be meeting with myself and the Darktrace executive team. You’ve got CIOs and CISOs who will attend these meetings and we would love the opportunity to catch up and strategize together.”

How it Works

After attending an HMG Strategy Executive Leadership Summit, an attendee is redirected to the HMG Marketplace, where they are prompted to fill out a short needs analysis survey to indicate their current technology needs. From there, an HMG Strategy customer relationship specialist evaluates the survey information and schedules a meeting between the technology buyer and the most suitable technology partner in the Marketplace based on the buyer’s interests.

While in the Marketplace, the technology buyer is presented with a menu of options to choose from, including an option to view customer testimonials for that vendor and the business problem that was addressed. Sponsor partners receive highly qualified leads because of the strength of relationships inherent in the HMG network combined with the specific technology or service interest indicated by the buyer.

The HMG Marketplace offers multiple benefits to both technology buyers and vendors:

  • Precision matching of buyer needs with vendor capabilities — Enterprise buyers can fill out a short needs analysis survey that is used by HMG Strategy’s Customer Relationship Management team to identify the vendor that’s best suited to address their requirements.

  • Accelerates the sales process for both buyers and sellers – Buyers and sellers quickly identify one another through the needs analysis process and associated reference materials

  • Ensures Quality Discussions – CIOs, CTOs, CISOs and other technology buyers are qualified based on their true interest and by a set of characteristics (size, industry, types of technology/service interests, spend parameters, etc.). Buyers are paired with technology suppliers based on their domains and areas of expertise to avoid wasting time

  • Drives Higher Conversion and Close Rates for Providers –The HMG Marketplace accelerates high-quality deal flow in challenging times and enables technology providers to lower their customer acquisition costs

To learn more about the HMG Marketplace and explore the digital assets that are available there, click here.

About HMG Strategy

HMG Strategy is the world’s leading digital platform for connecting technology executives to reimagine the enterprise and reshape the business world. Our regional and virtual CIO and CISO Executive Leadership Series, authored books and Digital Resource Center deliver unique, peer-driven research from CIOs, CISOs, CTOs and technology executives on leadership, innovation, transformation and career ascent. HMG Strategy also produces the HMG Security Innovation Accelerator, a new webinar series that’s designed to connect enterprise CISOs and security leaders with the most innovative cybersecurity companies from across the world.

The HMG Strategy global network consists of over 400,000 senior IT executives, industry experts and world-class thought leaders.

To learn more about the 7 Pillars of Trust for HMG Strategy’s unique business model, click here.

HMG Strategy: Your #1 Trusted Digital Platform Connecting Technology Executives to Reimagine the Enterprise and Reshape the Business World.

Tom Hoffman
203-221-2702
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a4150ae6-9bdb-4e66-bb05-a44080e07518



LOOP INVESTOR DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in that a Securities Class Action Lawsuit has been Filed Against Loop Industries Inc.

PR Newswire

NEW YORK, Nov. 17, 2020 /PRNewswire/ —  Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired the securities of Loop Industries (“Loop” or the “Company”) (NASDAQ: LOOP) between September 24, 2018 and October 12, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Exchange Act of 1934.

If you purchased Loop securities, and/or would like to discuss your legal rights and options please visit Loop Shareholder Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:(1) that Loop scientists were encouraged to misrepresent the results of Loop’s purportedly proprietary process; (2) that Loop did not have the technology to break PET down to its base chemicals at a recovery rate of 100%; (3) that, as a result, the Company was unlikely to realize the purported benefits of Loop’s announced partnerships with Indorama and Thyssenkrupp; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On October 13, 2020, Hindenburg Research published a report alleging, among other things, that “Loop’s scientists, under pressure from CEO Daniel Solomita, were tacitly encouraged to lie about the results of the company’s process internally.” The report also stated that “Loop’s previous claims of breaking PET down to its base chemicals at a recovery rate of 100% were ‘technically and industrially impossible,'” according to a former employee. Moreover, the report alleged that “Executives from a division of key partner Thyssenkrupp, who Loop entered into a ‘global alliance agreement’ with in December 2018, told us their partnership is on ‘indefinite’ hold and that Loop ‘underestimated’ both costs and complexities of its process.”

On this news, the Company’s share price fell $3.78, or over 32%, to close at $7.83 per share on October 13, 2020, thereby damaging investors.

If you wish to serve as lead plaintiff, you must move the Court no later than December 14, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased Loop securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/loopindustriesinc-loop-shareholder-class-action-lawsuit-stock-fraud-324/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information


Matthew E. Guarnero


Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

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SOURCE Bernstein Liebhard LLP

HSA Bank Announces Innovative Safety Net Solution through MedPut Partnership

PR Newswire

MILWAUKEE, Nov. 17, 2020 /PRNewswire/ — HSA Bank, a division of Webster Bank, N.A., today announced a new partnership with MedPut to provide an exclusive ground-breaking benefit solution for employees that will help ease some of the financial stress and burden caused by healthcare expenses.

MedPut is an innovative employee benefit that makes healthcare expenses more manageable for employees. By paying healthcare expenses upfront on employees’ behalf, MedPut helps the employee spread the expense out via payroll deductions over time. MedPut can also help lower healthcare costs for users by attempting to negotiate the amount owed and sharing the savings with the employee if successful.

Through the new partnership with MedPut, HSA Bank gives employees the option to pay for healthcare expenses with their Health Savings Account (HSA), Flexible Spending Account (FSA), or Health Reimbursement Arrangement (HRA), resulting in maximized tax savings.

“We’re excited to debut our new partnership with MedPut,” said Chad Wilkins, President of HSA Bank. “Together, we’ll be able to deliver greater peace of mind and ease the burden of healthcare expenses for our customers.”

“MedPut’s interest-free payment plan and bill negotiation service empowers consumers to get treatment when they need it, without worrying about the immediate cost,” said Harsha Puvvada, Co-Founder of MedPut. “This encourages employees to appropriately seek care and reduce overall healthcare spend, while increasing HSA contributions, which also helps employers with payroll tax savings over time.”

To learn more about HSA Bank’s solutions, visit HSAbank.com.  

About HSA Bank:
HSA Bank is a trusted leader in consumer-directed healthcare (CDH), focusing on Health Savings Accounts (HSAs) for over two decades and serving as both the bank and administrator. Discover how we can support your benefits strategy with our comprehensive account-based health benefit solutions that include HSAs, Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Commuter Benefits, COBRA Administration, and HSA retirement solutions such as HSAdvisor+. With a reputation for outstanding service and thought leadership in the CDH space, we offer one platform and one portal for all of our members. HSA Bank inspires 3 million members and 35,000 employer groups to “own your health” by making it easy to access, understand, and afford healthcare. As of September 30, 2020, HSA Bank has $9.4 billion in total footings (assets) comprising $7.0 billion in deposit balances and $2.4 billion in assets under administration through linked investment accounts, and is a division of Webster Bank, N.A., Member FDIC.

About MedPut:
MedPut is a revolutionary employee benefit that provides interest-free repayment plans and automatic bill discount negotiations for employees’ healthcare expenses. MedPut pays for medical, dental, vision, and elective expenses at any healthcare provider in the United States with no network restrictions. As a pioneer in the healthcare funding space, MedPut today serves thousands of members across the U.S. by paying for their out-of-pocket health expenses. MedPut makes consumer-directed health plans more powerful, saving costs for employers, while empowering employees to stay

healthy – physically, and financially.


Media Contact:

Alice Ferreira


Webster Bank

(203) 578-2610


[email protected]


Media Contact:
Jennifer Dean

HSA Bank

(920) 453-5286



[email protected]

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SOURCE HSA Bank