Market Newsdesk

LOS ANGELES, Nov. 12, 2020 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming November 24, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Golar LNG Limited (“Golar” or the “Company”) (NASDAQ: GLNG) securities between April 30, 2020 and September 24, 2020, inclusive (the “Class Period”).

If you suffered a loss on your Golar 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/golar-lng-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.

On September 24, 2020, media reported that the Chief Executive Officer (“CEO”) of Golar’s joint venture, Hygo Energy Transition Ltd. (“Hygo”), was involved in a bribery network investigated in Brazil’s Operation Car Wash.

On this news, the Company’s share price fell $3.28, or 32%, to close at $6.86 per share on September 24, 2020, thereby damaging investors.

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 certain employees, including Hygo’s CEO, had bribed third parties, thereby violating anti-bribery policies; (2) that, as a result, the Company was likely to face regulatory scrutiny and possible penalties; (3) that, as a result of the foregoing reputational harm, Hygo’s valuation ahead of its IPO would be significantly impaired; 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.

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If you purchased or otherwise acquired Golar securities during the Class Period, you may move the Court no later than November 24, 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 H. 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 and Murray LLP, Los Angeles
Charles H. Linehan, 310-201-9150 or 888-773-9224
www.glancylaw.com
[email protected]

LOS ANGELES, Nov. 12, 2020 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming November 24, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Garrett Motion Inc. (“Garrett” or the “Company”) (NYSE: GTX, OTC: GTXMQ) securities between October 1, 2018 and September 18, 2020, inclusive (the “Class Period”).

If you suffered a loss on your Garrett 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/garrett-motion-inc/. 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.

Garrett designs, manufactures and sells turbocharger, electric-boosting and connected vehicle technologies for original equipment manufacturers and the aftermarket. In October 2018, the Company formed as a spin-off of the Transportation Systems business of Honeywell International Inc. (“Honeywell”).

On August 26, 2020, before the market opened, the Company disclosed that its “leveraged capital structure poses significant challenges to its overall strategic and financial flexibility and may impair its ability to gain or hold market share in the highly competitive automotive supply market, thereby putting Garrett at a meaningful disadvantage relative to its peers.” Garrett further stated that its “high leverage is exacerbated by significant claims asserted by Honeywell against certain Garrett subsidiaries under the disputed subordinated asbestos indemnity and the tax matters agreement.”

On this news, the Company’s share price fell $3.04, or 44%, to close at $3.84 per share on August 26, 2020, thereby damaging investors.

On Sunday, September 20, 2020, Garrett announced that it had filed for Chapter 11 bankruptcy.

On Monday, September 21, 2020, the New York Stock Exchange (“NYSE”) announced that it would commence proceedings to delist Garrett’s stock from the NYSE after the Company’s disclosure that it had filed for bankruptcy.

On this news, the Company’s stock began trading over-the-counter and closed at $1.76 per share on September 22, 2020, a 12% decline from the closing price on September 18, 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, due to its agreement to indemnify and reimburse Honeywell for certain asbestos-related liability, Garrett was saddled with an unsustainable level of debt; (2) that, as a result, Garrett had a highly leveraged capital structure that posed significant challenges to its overall strategic and financial flexibility;  (3) that, as a result of the foregoing, Garrett’s ability to gain or hold market share was impaired; (4) that, as a result of the foregoing, the Company was reasonably likely to seek bankruptcy protection; and (5) 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.

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If you purchased Garrett securities during the Class Period, you may move the Court no later than November 24, 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 and Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
www.glancylaw.com  
[email protected]

BENSALEM, Pa., Nov. 12, 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].

Nikola Corporation (NASDAQ: NKLA)
Class Period: March 3, 2020 – October 15, 2020
Lead Plaintiff Deadline: November 16, 2020

Shareholders with $


250


,000 in losses or more are encouraged to contact the firm

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 that: (1) VectoIQ did not engage in proper due diligence regarding its merger with Nikola; (2) Nikola overstated its “in-house” design, manufacturing, and testing capabilities; (3) Nikola overstated its hydrogen production capabilities; (4) as a result, Nikola overstated its ability to lower the cost of hydrogen fuel; (5) Nikola founder and Executive Chairman, Trevor Milton, tweeted a misleading “test” video of the Company’s Nikola Two truck; (6) the work experience and background of key Nikola employees, including Mr. Milton, had been overstated and obfuscated; (7) Nikola did not have five Tre trucks completed; and (8) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times. According to the suit, these true details were disclosed by a market research firm. 

Nano-X Imaging Ltd. (NASDAQ: NNOX)
Class Period: August 21, 2020 – September 15, 2020
Lead Plaintiff Deadline: November 16, 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) Nano-X’s commercial agreements and its customers were fabricated; (2) Nano-X’s statements regarding its novel Nanox System were misleading as the Company never provided data comparing its images with images from competitors machines; (3) Nano-X’s submission to the U.S. Food and Drug Administration (FDA) admitted the Nanox System was not original; and (4) 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.

Fluidigm Corporation  (NASDAQ: FLDM)
Class Period: February 7, 2019 – November 5, 2019
Lead Plaintiff Deadline: November 20, 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 Fluidigm was experiencing longer sales cycles; (2) that, as a result, Fluidigm’s revenue was reasonably likely to decline; and (3) 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. 

First American Financial Corporation (NYSE: FAF)
Class Period: February 17, 2017 – October 22, 2020
Lead Plaintiff Deadline: December 24, 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) the Company failed to implement basic security standards to protect its customers’ sensitive personal information and data; (2) First American Financial faced a heightened risk of cybersecurity failure due to its automation and efficiency initiatives; and (3) as a result, 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

ATLANTA, Nov. 12, 2020 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (FHLBank Atlanta or the Bank) announced today that it has awarded $26,938,914 million to assist in the funding of 61 affordable housing initiatives in 19 states and the District of Columbia as part of its 2020 Affordable Housing Program (AHP). Collectively, these initiatives represent over $1 billion in total housing development.

In partnership with local for-profit and nonprofit developers, FHLBank Atlanta member financial institutions will use $27 million of AHP funds to assist in the acquisition, new construction, rehabilitation, or preservation of 4,099 affordable rental and homeownership units. For the complete list of 2020 winners, click here.

“Our Affordable Housing Program has enabled communities across our district to achieve their affordable housing and economic development objectives for 30 years,” said Arthur L. Fleming, FHLBank Atlanta’s Senior Vice President and Director or Community Investment Services. “We are proud of the positive impact our affordable housing program has had, and we know this critical source of funding will continue to play a vital role in creating safe and healthy housing.”

FHLBank Atlanta awards AHP funds annually through a competitive application process. Since 1990, FHLBank Atlanta has awarded more than $817 million in AHP Competitive grants, providing more than 129,000 housing opportunities for moderate, low-, and very low-income households.

The Bank will announce the opening of the 2021 AHP funding round in first quarter 2021. Potential applicants must work with an FHLBank Atlanta member financial institution to complete the AHP application. A list of member financial institutions is available on the FHLBank Atlanta website at www.fhlbatl.com.

FHLBank Atlanta’s 2020 AHP awards range from $30,000 to $500,000 per initiative and will be made in the following states:

State	Rental Units	Owner Units	AHP Funds		Total Development
Alabama	190	—	$2,000,000		$40,650,508
District of Columbia	322	—	$1,000,000		$88,872,559
Florida	434	20	$2,310,000		$95,140,167
Georgia	257	9	$1,410,178		$49,859,108
Maryland	450	—	$1,948,000		$117,648,058
North Carolina	343	6	$1,990,000		$17,999,084
South Carolina	196	—	$1,325,000		$48,338,220
Virginia	774	27	$6,072,079		$182,082,075
Out of District	1071	—	$8,883,657		$361,328,450

About the Federal Home Loan Bank of Atlanta

FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members—its shareholders and customers—-are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $6.6 billion in Affordable Housing Program funds, assisting more than 957,000 households.

For more information, visit our website at www.fhlbatl.com.

CONTACT: Peter E. Garuccio
Federal Home Loan Bank of Atlanta
[email protected] 
404.888.8143

First-to-market online retail ETF delivers 1-year return of 83.80%

CHICAGO, Nov. 12, 2020 (GLOBE NEWSWIRE) — Amplify ETFs announces the Amplify Online Retail ETF (NYSE: IBUY) has surpassed $1 billion in assets under management. IBUY is the first and largest ETF to focus on the online retail segment, holds a 5-star Overall Morningstar rating, and is ranked the #1 fund among 40 funds in the Consumer Cyclical category over a 3-year period.

Since its inception in April 2016, IBUY has delivered a 255.98% cumulative return versus the S&P Retail Select Industry Index’s 9.41% return through October 31, 2020. Other broad based indexes, including the S&P 500 Total Return and the NASDAQ 100 Total Return, produced 70.19% and 155.70% returns respectively.

“With more than $1 billion in assets, significant outperformance over broad-based indexes, and the top track record in the consumer cyclical fund category, we believe IBUY is the bellwether ETF for the evolving retail sector,” said Christian Magoon, founder and CEO of Amplify ETFs. “Today just 16% of all U.S. retail sales occur online, which is why we believe the disruption of the retail industry is still early in its lifecycle. We expect online retail stocks to be an attractive market segment for growth-minded investors for years to come.”

IBUY is an index-based ETF requiring companies to have 70% or more of revenue from online sales or $100 billion in annual online sales to qualify for inclusion. In addition, IBUY’s portfolio equally weights online retail stocks in its two geographic sleeves: U.S. (75% of the portfolio) and international (25%). This weighting approach increases portfolio diversification by avoiding concentrated positions in large capitalized online retail stocks which often have multiple business units besides online retail.

To learn more about IBUY, visit the ETF’s website.

About Amplify ETFs

Amplify ETFs, sponsored by Amplify Investments LLC, has $2.3 billion in assets across its suite of ETFs (as of 11/11/20). Amplify ETFs deliver expanded investment opportunities for growth, capital preservation, and income-focused investors.

Contacts

Sales Contact:
Amplify ETFs
855-267-3837
[email protected]
or
Media Contact:
Gregory FCA for Amplify ETFs
Caitlyn Foster, 610-228-2056
[email protected]

Short-term performance may often reflect conditions that are likely not sustainable, and thus such performance may not be repeated in the future.

IBUY Performance

Quarter End as of 9/30/20											Fund Inception Date: 4/20/2016
Cumulative (%)											Annualized (%)
	1 Mo.		3 Mo.		6 Mo.		YTD		Since Inception		1 Yr.		3 Yr.		Since Inception
Fund NAV	-2.94	%	25.86	%	112.23	%	71.76	%	254.47	%	89.37	%	34.53	%	32.90	%
Closing Price	-3.04	%	25.56	%	112.55	%	71.82	%	253.93	%	89.23	%	34.38	%	32.85	%
S&P 500 TR Index	-3.80	%	8.93	%	31.31	%	5.57	%	74.98	%	15.15	%	12.28	%	13.40	%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. For performance data current to the most recent month-end please call 855-267-3837 or visit IBUYETF.com. Brokerage commissions will reduce returns. The Fund’s gross expense ratio is 0.65%

The Fund’s investment objective and strategy differs substantially from the market indices, which are included for comparison purposes only. The Standard & Poor’s (S&P) 500 Total Return Index is an unmanaged, market-capitalization-weighted index of the 500 largest U.S. publicly traded companies by market value, and assumes distributions are reinvested back into the index. It does not include fees or expenses. It is not possible to invest directly in an index.

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s statutory and summary prospectus, which may be obtained by calling 855-267-3837 or by visiting AmplifyETFs.com. Read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility.
Investments in consumer discretionary companies are tied closely to the performance of the overall domestic and international economy, interest rates, competition and consumer confidence. Online retail companies are subject to risks of consumer demand and sensitivity to profit margins.
A portfolio concentrated in a single industry, such as the online retail industry, makes it vulnerable to factors affecting the industry. The Fund may face more risks than if it were diversified broadly over numerous industries or sectors. Diversification does not ensure profits or prevent losses. Additional fund disclosure can be found here.

© 2020 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The Amplify Online Retail ETF (IBUY) Fund received 5 stars among 40 Consumer Cyclical funds for the three-year period ending 09/30/20.

Amplify ETFs are distributed by Foreside Fund Services, LLC.

GAITHERSBURG, Md., Nov. 12, 2020 (GLOBE NEWSWIRE) — GL Communications Inc., a global leader in telecom test and measurement solutions, addressed the press regarding their ED-137 Voice Recorder Emulator referred to as MAPS™ ED-137 Recorder Emulator.

[See the complete illustration here: https://www.gl.com/images/maps-ed137-recorder-web-air-traffic-network.jpg]

[See the product announcement newsletter: https://www.gl.com/newsletter/gl-enhances-ed137-atm-recorder-newsletter.html ]

“All over the world, Air Traffic Management (ATM) networks are undergoing a transition from legacy TDM-based communications to Voice over IP (VoIP) for more reliable, scalable and secure communications. The European Organization for Civil Aviation Equipment (EUROCAE) has defined the ED-137 standard to outline VoIP communication between air traffic controllers and pilots,” said Vijay Kulkarni, CEO of GL Communications.

He further added, “GL Communications leads the way in simulating and testing ED-137 ATM components such as Controller Working Positions (CWP), Ground Radio Stations (GRS), Voice Communications Systems (VCS) and more. GL’s ATM test suite includes the ability to simulate Air to Ground (AG) calls and Ground to Ground (GG) calls with associated signaling such as Push to Talk (PTT) and Squelch. Furthermore, GL’s test tools can perform sophisticated one-way delay measurements and voice quality testing.”

GL tools for signaling emulation and voice quality testing offer an end-to-end test solution for testing connections from the radio interfaces to the CWP and recording voice communications over the network. GL’s Air Traffic Management Solution also includes MAPS™ ED-137 Telephone Emulators and MAPS™ ED-137 Radio Emulators.

About GL Communications Inc.

GL Communications is a global provider of telecom test and measurement solutions. GL’s solutions are used to verify quality and reliability of Wireless (4G LTE, 3G, 2G), SONET/SDH, Ethernet/IP, TDM, and PSTN networks.

Contact:
Shelley Sharma
Phone: 301-670-4784
E-mail: [email protected]

Media Contact: [email protected]