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NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Intercept Pharmaceuticals, Inc. (“Intercept” or “the Company”) (NASDAQ: ICPT) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Intercept securities between September 28, 2019 and October 7, 2020, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/icpt.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Defendants downplayed the true scope and severity of safety concerns associated with Ocaliva’s use in treating PBC; (2) the foregoing increased the likelihood of an FDA investigation into Ocaliva’s development, thereby jeopardizing Ocaliva’s continued marketability and the sustainability of its sales; (3) any purported benefits associated with OCA’s efficacy in treating NASH were outweighed by the risks of its use; (4) as a result, the FDA was unlikely to approve the Company’s NDA for OCA in treating patients with liver fibrosis due to NASH; and (5) as a result of all the foregoing, the Company’s public statements were materially false and misleading at all relevant times.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/icpt or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Intercept you have until January 4, 2021 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

LOS ANGELES, Nov. 12, 2020 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz 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 Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to [email protected].

Bayerische Motoren Werke Aktiengesellschaft (OTC: BMWYY)
Class Period:   November 3, 2015 – September 24, 2020
Lead Plaintiff Deadline: December 28, 2020

Shareholders with $


10


0,000 losses or more 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) BMW kept a “bank” of retail vehicle sales that it used to meet internal monthly sales targets regardless of when the sales actually occurred; (2) BMW artificially manipulated sales figures by having dealers register cars as sold when the cars were still in inventory; and (3) BMW’s key operating metrics were inaccurate and misleading due to the forgoing facts. When the true details entered the market, the lawsuit claims that investors suffered damages; 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.

Wells Fargo & Company (NYSE: WFC)
Class Period: October 13, 2017 – October 13, 2020
Lead Plaintiff Deadline: December 29, 2020

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

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 that: (1) Wells Fargo had systematically failed to follow appropriate underwriting standards and due diligence guidelines in issuing billions of dollars’ worth of commercial loans, including by inflating the net income and future expected cash flows of its commercial clients to justify issuing excessive loan amounts; (2) a materially higher proportion of Wells Fargo’s commercial loans were to customers of poor credit quality and/or at a substantially higher risk of default than disclosed to investors; (3) Wells Fargo had failed to timely write down commercial loans, CLOs and CMBS on its books that had suffered impairments; (4) Wells Fargo had materially understated the reserves needed for expected credit losses in its commercial portfolios; (5) Wells Fargo had systematically misrepresented the credit quality and likelihood of default of the loans it packaged and securitized into CLOs and CMBS, including by artificially inflating the net income and expected cash flows of its commercial clients in loan and securitization documentation; (6) the CLO and CMBS-related loans issued and investment securities held by Wells Fargo were of lower credit quality and worth far less than represented to investors; (7) as a result of the foregoing, the Company’s statements regarding the credit quality of its commercial loans, its underwriting and due diligence practices, and the value of its CLO and CMBS books were materially false and misleading; and (8) as a result of the foregoing, the Company was exposed to severe undisclosed risks of financial, reputational and legal harm, in particular in the event of significant and sustained stress in the commercial credit markets.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.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

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
[email protected]
www.frankcruzlaw.com

NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Neovasc Inc. (“Neovasc” or “the Company”) (NASDAQ: NVCN) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Neovasc securities between November 1, 2019 and October 27, 2020, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/nvcn.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the results of COSIRA, Neovasc’s clinical study for the Reducer, contained imbalances in missing information present in the control group versus the treatment group, including significant missing information for secondary endpoints but none for the primary endpoint; (2) the imbalance in missing information indicated that control subjects were aware of their treatment assignment (not blinded) and less inclined to participate in additional data collection; (3) blinding is critical when studying a placebo-responsive condition such as angina; (4) the lack of blinding assessment made the primary endpoint difficult to interpret; (5) as a result of the foregoing, the FDA was reasonably likely to require additional premarket clinical data; (6) as a result, the Company’s PMA for Reducer was unlikely to be approved without additional clinical data; and (7) 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.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/nvcn or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Neovasc you have until January 5, 2021 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

LAFOX, Ill., Nov. 12, 2020 (GLOBE NEWSWIRE) — Richardson Electronics, Ltd. (NASDAQ: RELL) announces the availability of new SiC Schottky diodes from UnitedSiC, now with the lowest VF-Qc for fast switching applications.

With its innovative device technology, UnitedSiC enables its customers to deliver industry-transforming levels of power efficiency to the most advanced applications. Its 3^rd generation field-effect transistors (“FETs’) provide excellent switching speed, fast body diode, high-temperature operation, low RDS(ON), and ruggedness that make them outstanding solutions for all switching circuit topologies.

UnitedSiC recently expanded its 3^rd generation SiC diode portfolio with the UJ3D 1200V and 1700V devices (UJ3D1210K2, UJ3D1220K2, UJ3D1250K2, and UJ3D1725K2). Typical applications that will benefit the most from these devices include fast-charge electric vehicle (EV) charging access points, industrial motor drives, and solar energy inverters. Key features are:

• 25A rated option for the 1700V
• 10A, 20A, and 50A rated options for the 1200V
• >8.8mm clearance between anode and cathode
• Lowest VF-Qc for fast switching applications
• Excellent surge current capability

“UnitedSiC continues to amaze as a leading developer of silicon carbide products. The addition of these new diodes brings its already existing third-generation product portfolio to a new level of excellence,” said Greg Peloquin, Executive Vice President of Richardson Electronics’ Power & Microwave Technologies group.

About Richardson Electronics, Ltd.

Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables; power conversion and RF and microwave components; flat panel detector solutions and replacement parts for diagnostic imaging equipment; and customized display solutions. We serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair through its global infrastructure. More information is available at www.rell.com.

Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.

About Richardson Electronics


– Power & Microwave Technologies

For over 70 years, Richardson Electronics has been your industry-leading global provider of engineered solutions, RF & microwave, and power products. With the launch of the Power & Microwave Technologies group, we continue this legacy and complement it with new products from the world’s most innovative technology partners. Richardson Electronics’ Power & Microwave Technologies group focuses on what we do best: identify and design disruptive technologies, introduce new products on a global basis, develop solutions for our customers, and provide exceptional worldwide support. As a global company, we provide solutions and add value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair—all through our existing global infrastructure. More information is available at www.rellpower.com.

About UnitedSiC


UnitedSiC develops innovative silicon carbide FET and diode power semiconductors that deliver the industry’s best SiC efficiency and performance for electric vehicle (EV) chargers, DC-DC converters and traction drives, as well as telecom/server power supplies variable speed motor drives and solar PV inverters. Visit www.unitedsic.com for more information.

For Details Contact:
Chris Marshall
CTO/VP of Marketing
Phone: (630) 208-2222
[email protected] 

SANTA MONICA, CALIFORNIA, Nov. 12, 2020 (GLOBE NEWSWIRE) — Just released Q2 2020 data from the California Air Resources Board (CARB) has confirmed that the energy weighted carbon intensity (CI) value of California’s natural gas vehicle fuel portfolio in the Low Carbon Fuel Standard (LCFS) program was below zero—at -0.85 gCO2e/MJ. This is the first time in the history of the LCFS program that any low carbon fuel portfolio has achieved a carbon negative status. 

“Given the large and growing volume of heavy-duty natural gas vehicles already hard at work on California’s roads, this is an extremely significant milestone,” said Todd Campbell, chair of the California Natural Gas Vehicle Partnership (CNGVP) and vice president of public policy and regulatory affairs, Clean Energy. “Both the short- and long-term climate benefits of this achievement are extremely significant. When combined with the fact that most natural gas vehicles recently placed into service are powered by near-zero emission engines, the natural gas vehicle industry is providing the most substantial and cost-effective contributions towards California’s goals to reduce criteria and greenhouse gas emissions while eliminating the use of diesel in favor of renewable, low carbon fuels.” 

California’s LCFS, which measures the climate impact of various motor vehicle fuel pathways, is a market-based incentive program designed to decrease the carbon intensity of California’s transportation fuel and instead provide a range of low-carbon and renewable fuel alternatives, reducing petroleum dependency and achieving air quality benefits. The “carbon intensity” of any given fuel measures all greenhouse gas emissions associated with the entire life cycle of a transportation fuel including production and consumption. Transportation fuels with low—or even negative—carbon intensity scores are better for the environment as they produce less climate-altering greenhouse gas emissions.  

Renewable natural gas (RNG)—which is produced by capturing and processing the methane emitted from organic sources including dairy waste, wastewater treatment plants, food and green waste, landfills, and forest management—has the lowest carbon intensity rating of all fuels in the CARB LCFS program. Many forms of RNG, such as that produced from food and green waste, have a carbon neutral and even a carbon negative rating. Other forms of RNG, such as that produced from dairy waste, can have carbon intensity ratings that are 200 to 300 percent lower than even a battery electric vehicle powered by renewable energy such as solar or wind. 

The most recent data from CARB’s LCFS program also confirms another significant milestone—RNG made up nearly 90 percent of all natural gas vehicle fuel in the program and consumed in California in the first half of 2020. Looking ahead, both the volume and carbon intensity benefits of RNG consumed by California will continue to grow. More than one billion dollars of investment is currently taking place in California to develop a wide array of in-state RNG production projects. As California continues to source increasing amounts of transportation-grade RNG from projects with carbon negative sources, such as dairy biogas, the average carbon intensity of California-produced RNG will only continue to improve.  

Gladstein, Neandross & Associates (GNA), a California-based clean transportation and energy consulting firm, recently released a study which forecasts that, by January 2024, California-produced RNG for transportation will have an average energy-weighted carbon intensity of -101.74 gCO2e/MJ, generating 3.4 million tons of GHG reductions annually. At that negative carbon intensity, an average natural gas vehicle fueled by California RNG will completely offset the GHG emissions of two diesel trucks.  

“As long as we have a productive society, we will continue to generate organic waste that has the potential to produce methane,” said Cliff Gladstein, founding president of Gladstein, Neandross & Associates and a key author of the study. “Harnessing these methane emissions to produce RNG for transportation fuel enables us to immediately and cost-effectively reduce the impacts of climate change.”  

RNG can be used as a seamless, drop-in replacement for conventional natural gas in transportation. Additionally, due to the financial incentives available through programs including the LCFS, RNG can be purchased at a price on par with—or lower than—the price of diesel, based on the CI.  Dairy gas produced RNG can generate a significantly greater discount than landfill gas, significantly reducing total cost of ownership and operation for the fleets, especially those that have their own fueling infrastructure. 

“We are thrilled to see the growing use of low carbon renewable natural gas by our customers in California and across the U.S.,” said Tom Swenson, vice-chair of the California Natural Gas Vehicle Partnership and business development manager for Cummins Inc.  “Fleets are increasingly interested in taking real and immediate actions on climate change and local air quality. This one-two punch of renewable natural gas in an ultra-clean engine allows fleets to achieve cost-effective carbon negative operations right now in a vehicle that meets their operational requirements.” 

Fleets across the country have been successfully using natural gas vehicles for more than two decades. Today, more than 175,000 natural gas vehicles are on U.S. roads. Near-zero natural gas trucks and buses are commercially available from more than 50 different vehicle manufacturers—including Autocar, Bluebird, El Dorado National, Freightliner, Gillig, Kenworth, Mack, Peterbilt, Thomas, Tico, Volvo and others. With these well-established brands also comes robust sales and service networks, as well as an expansive public fueling network dispensing renewable natural gas. 

“With a strong foundation in place, CNGVP members look forward to working with Governor Newsom, CARB, California Energy Commission, local California air districts, the Biden Administration and the federal government to further build upon these extremely important successes,” added Campbell. “With smart policies, we have the ability to significantly scale up these short- and long-term emission benefits, while providing an economically sustainable alternative fuel option to customers, simultaneously driving in-state investment in circular economies at the local level; it’s a win-win-win-win opportunity.” 

To learn more about how near-zero emission natural gas trucks fueled by renewable natural gas offer one of the best opportunities for California to achieve clean air and climate change mitigation as quickly, cost-effectively, and efficiently as possible, visit www.cngvp.org.

###

ABOUT CNGVP:  

The California Natural Gas Vehicle Partnership (CNGVP) is an alliance of air quality, transportation and energy agencies, vehicle and engine manufacturers, fuel providers, transit and refuse hauler associations, and other stakeholders interested in increasing and strengthening the deployment of near-zero emission (NZE) natural gas vehicles throughout California. Learn more about the ten guiding principles that fuel our work at www.cngvp.org    

NEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against HP Inc. (“HP” or the Company”) (NYSE: HPQ) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired HP securities between November 6, 2015 and June 21, 2016, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/hpq.    

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and misrepresented HP’s business and financial condition by issuing false and misleading statements regarding HP’s financial performance and, in particular, its revenue, profit margin, and earnings. Specifically, the complaint alleges that defendants provided positive financial results for HP, but misrepresented and omitted to state that HP’s Supplies channel inventory management and sales practices had resulted in increased channel inventory and decreased revenues and profits.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/hpq or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in HP you have until January 4, 2021 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]