Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. (HPQ)

PR Newswire

LOS ANGELES, Nov. 18, 2020 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming January 4, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired HP Inc. (“HP” or the “Company”) (NYSE: HPQ) common stock between November 6, 2015 and June 21, 2016, inclusive (the “Class Period”).

If you suffered a loss on your HP 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/hp-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.

HP offers personal computers, printers, and related supplies, solutions, and services.  Within HP’s Printing segment is the Supplies division, which consists of printing and computing supplies, such as toner, ink cartridges, and related printing supplies.  Almost 80% of HP’s operating profit is derived from its Printing business.

On June 21, 2016, after the market closed, HP revealed that it would reduce its Supplies channel inventory by $450 million, resulting in a corresponding reduction of $450 million in Supplies revenue over the remainder of 2016. 

On this news, HP’s stock price fell $0.72, or 5.4%, to close at $12.61 per share on June 22, 2016.

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: (1) that HP’s channel inventory management and sales practices resulted in the sale of supplies to customers that did not need or want the product in order to artificially increase revenues and profits; (2) that HP’s channel inventory management and sales practices resulted in the sale of supplies to customers outside of designated regions at unsustainable discounts in order to artificially increase revenues and profits; (3) that HP’s channel inventory management and sales practices resulted in the sale of supplies at steep discounts to customers to encourage those customers to sell the supplies further down the supply channel, out of HP’s inventory management metrics; and (4) that, as a result of the foregoing, defendants’ statements about the Company’s business condition and prospects were materially false and misleading when made.

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If you purchased or otherwise acquired HP common stock during the Class Period, you may move the Court no later than January 4, 2021to 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.

 

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SOURCE Glancy Prongay & Murray LLP

Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Fluidigm Corporation (FLDM)

PR Newswire

LOS ANGELES, Nov. 18, 2020 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming November 20, 2020deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Fluidigm Corporation (“Fluidigm” or “Company”) (NASDAQ: FLDM) securities between February 7, 2019 and November 5, 2019, inclusive (the “Class Period”).

If you suffered a loss on your Fluidigm 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/fluidigm-corporation/. 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 August 2, 2019, Fluidigm reported second quarter 2019 financial results in a press release. Therein, the Company reported revenue of $28.2 million, which is below analysts’ estimate of $32 million, and a net loss of $13.8 million

On this news, the Company’s share price fell $4.10, or 34%, to close at $8.05 per share on August 2, 2019, thereby injuring investors. 

Then, on November 5, 2019, after the market closed, Fluidigm reported that third quarter 2019 revenue declined 8.5% year-over-year primarily due to mass cytometry instrument sales.

On this news, the Company’s share price fell $2.60, or 51%, to close at $2.51 per share on November 6, 2019, 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 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.

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If you purchased or otherwise acquired Fluidigm securities during the Class Period, you may move the Court no later than November 20, 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.

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SOURCE Glancy Prongay & Murray LLP

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against GoHealth, Inc. (GOCO)

PR Newswire

LOS ANGELES, Nov. 18, 2020 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming November 20, 2020deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired GoHealth, Inc. (“GoHealth” or the “Company”) (NASDAQ: GOCO) Class A common stock pursuant and or/traceable to GoHealth’s July 2020 initial public offering (the “IPO” or “Offering”).

If you suffered a loss on your GoHealth 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/gohealth-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.

In July 2020, GoHealth sold approximately 43.5 million shares of stock in its initial public stock offering (the “IPO”), at $21.00 per share raising almost $914 million in new capital.  

Then, on August 19, 2020, in its first quarterly earnings report following the IPO, GoHealth announced that it incurred a net loss of $22.9 million after posting net income of $15.3 million in the prior-year period.  

On this news, the Company’s stock price fell $1.99 per share, or 10%, to close at $17.03 per share on August 20, 2020, thereby injuring investors. 

On September 15, 2020, GoHealth’s stock price closed at $12.53, a 40% decline from its IPO price. 

The complaint filed in this class action alleges that Defendants made materially false and/or misleading statements and/or failed to disclose that at the time of the IPO: (1) the Medicare insurance industry was undergoing a period of elevated churn, which had begun in the first half of 2020; (2) GoHealth suffered from a higher risk of customer churn due to its unique business model and limited carrier base; (3) GoHealth suffered from degradations in customer persistency and retention as a result of elevated industry churn, vulnerabilities that arose from the Company’s concentrated carrier business model, and its efforts to expand into new geographies, develop new carrier partnerships and worsening product mix; (4) GoHealth had entered into materially less favorable revenue sharing arrangements with its external sales agents; and (5) these adverse financial and operational trends were internally projected by GoHealth to continue and worsen following the IPO.

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If you purchased or otherwise acquired GoHealth Class A common stock, you may move the Court no later than November 20, 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.

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EA Sports Madden NFL 21 Unveils Next Generation Gameplay Fueled by Real-World NFL Player Data

EA Sports Madden NFL 21 Unveils Next Generation Gameplay Fueled by Real-World NFL Player Data

NFL’s Next Gen Stats Powers Next Gen Player Movement and Replays While New Hardware Unlocks the Most Immersive Game Day Presentation Ever

Buy Madden NFL 21 for Xbox One or PlayStation®4 and Get the Next Generation Version for Free on December 4

Watch the Next Gen Gameplay Trailer

REDWOOD CITY, Calif.–(BUSINESS WIRE)–
Electronic Arts Inc. (NASDAQ: EA) is bringing players the most realistic football simulation experience with today’s unveil of EA SPORTS Madden NFL 21 on Xbox Series X|S and PlayStation®5. Madden NFL 21 on next generation consoles sets a new standard of realism and authenticity, highlighted by all-new gameplay innovation that brings fluid player movement powered by real-world athlete data from the NFL’s Next Gen Stats. EA SPORTS is also delivering the most immersive Madden NFL experience to date on new hardware with enhanced game day presentation with new visual details showcased by deferred rendering and lighting and location-based audio that bring the sights and sounds of the NFL to life.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201118005841/en/

Madden NFL 21 Next Gen -Tua Tagovailoa (Graphic: Business Wire).

Madden NFL 21 Next Gen -Tua Tagovailoa (Graphic: Business Wire).

On December 4, when Madden NFL 21 launches on next generation consoles, players will receive their first taste of the future of Madden NFL gameplay with Next Gen Player Movement powered by the NFL’s Next Gen Stats. Real-life player movement data – including route paths, acceleration rates and speeds – is captured by the NFL using sensors worn by every player in the league during each game. This data, called Next Gen Stats, is fed into Madden NFL 21 to drive fluid animation selection based on how players actually move when running, cutting and changing direction on the field creating the most realistic player movement in franchise history. Next Gen Player Movement comes to life on both sides of the ball, with elite route runners running their actual routes logged by Next Gen Stats and showcasing explosive first steps and direction changes, while elite defenders will react more realistically to opposing routes and runs.

“Every console transition year, our team is equally excited by the possibilities of new technology and inspired to develop both new and improved experiences for fans of Madden NFL. This year is no different with Madden NFL 21 representing a major step forward in the future of football gaming with the addition of real NFL player data from Next Gen Stats,” said Seann Graddy, Madden NFL 21 Executive Producer. “Taking advantage of the new hardware from Sony and Microsoft, our EA SPORTS team has created an incredibly immersive game that delivers the most authentic and realistic NFL experience players will have ever felt.”

In Madden NFL 21 players can also expect replays powered by the NFL’s Next Gen Stats, which provide breakdowns of key plays showcasing this exciting new data, to give players a strategic advantage to make adjustments to their game plan based on how the game is unfolding. Play calling in Madden NFL 21 is also new with star-driven play calling that makes calling plays more customizable and intuitive for players to get the ball in the hands of their favorite players, while also learning the rationale behind each play. Players will also have the ability to save their favorite plays to find quickly later.

Madden NFL has never looked, sounded or felt so real than Madden NFL 21 on next generation consoles. On game day, the authentic stadium environments are the most immersive to date with deferred lighting across all surfaces that improves visual fidelity, enhanced player visuals and all new realistic weather. Extremely fast load times will get players to kick off in seconds and keep them immersed as stadium environments load with unprecedented speed.

Player bodies are also improved on next gen with unique body compositions across all positions, and visual details that change as the game unfolds. New cloth animation tech dynamically updates the jersey wrinkles based on player movement improving player silhouettes and making player bodies feel more organic and live. Plus, new location-based audio makes the sounds of the game feel like they are reacting to the player’s view of the action. In addition, the haptic feedback from the new DualSense controller on PlayStation 5 deepens the gameplay experience as players will be able to feel the impact of passes, catches, tackles, hits and kicks.

This is all on top of fan-favorite Madden NFL modes including The Yard, Madden Ultimate Team (MUT), Superstar KO, Franchise, etc. that players will be able continue to enjoy with improvements to both current generation and next generation consoles alike.

Players who buy, or who have already bought, Madden NFL 21 for Xbox One and/or PlayStation 4 from now to the launch of Madden NFL 22 get the Xbox Series X|S and/or PlayStation 5 version of the game for free* when the new games are released on December 4. Players can carry over their progress and content in Madden Ultimate Team, The Yard and Franchise modes. Players also have the option to buy standalone NXT LVL editions of Madden NFL 21 on the Xbox® Series X|S and PlayStation®5 for $69.99, complete with additional high value Madden Ultimate Team content.

Madden NFL 21 is developed in Orlando, Florida by EA Tiburon, and is available now for Sony PlayStation®4, Microsoft Xbox® One and PC via Origin™ and Steam. Madden NFL 21 will launch on Xbox® Series X|S and PlayStation®5 on December 4 and will land on Stadia – Google’s cloud-based gaming platform – this winter.

*Physical discs purchasers will need to contact EA at help.ea.com to obtain an upgrade code for the discless consoles. Please visit ea.com/dual-entitlement for more information.

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2020, EA posted GAAP net revenue of $5.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS™ FIFA, Battlefield™, Apex Legends™, The Sims™, Madden NFL, Need for Speed™, Titanfall™ and Plants vs. Zombies™. More information about EA is available at www.ea.com/news.

EA SPORTS, Ultimate Team, Battlefield, Apex Legends, The Sims, Need for Speed, Titanfall and Plants vs. Zombies are trademarks of Electronic Arts Inc. Madden, NFL and FIFA are properties of its respective owners and used with permission.

Category: EA Studios

Jino Talens

Sr. PR Manager

650-628-9111

[email protected]

Will Alexander

PR Manager

614-477-9728

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Technology Electronic Games Teens Women Sports Entertainment Men Football Consumer Consumer Electronics

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Madden NFL 21 Next Gen -Tua Tagovailoa (Graphic: Business Wire).

Kessler Topaz Meltzer & Check, LLP and Bernstein Litowitz Berger & Grossmann LLP Appointed as Co-Lead Counsel in the Class Action Lawsuit Against Carnival Corporation (NYSE: CCL) and Carnival plc (NYSE: CUK) for Violations of Securities Laws

Kessler Topaz Meltzer & Check, LLP and Bernstein Litowitz Berger & Grossmann LLP Appointed as Co-Lead Counsel in the Class Action Lawsuit Against Carnival Corporation (NYSE: CCL) and Carnival plc (NYSE: CUK) for Violations of Securities Laws

RADNOR, Pa. & NEW YORK–(BUSINESS WIRE)–
The law firms of Kessler Topaz Meltzer & Check, LLP and Bernstein Litowitz Berger & Grossmann LLP announce that the firms have been appointed as Co-Lead Counsel in the consolidated securities fraud class action lawsuit pending against Carnival Corporation and Carnival plc (collectively, “Carnival”). This action, captioned In Re Carnival Corp. Securities Litigation, Case No. 1:20-cv-22202-KMM, is pending in the United States District Court for the Southern District of Florida and alleges violations of federal securities laws on behalf of Carnival investors who purchased or acquired Carnival’s securities between September 26, 2019, and May 1, 2020, both dates inclusive (the “Class Period”). Pursuant to the Court’s order, Co-Lead Counsel, on behalf of the Court-appointed Lead Plaintiffs represented by the firms, will file a consolidated complaint on or before December 15, 2020.

Investors who have losses from their transactions in Carnival securities, including common stock, American Depository Shares, and stock options, during the Class Period may receive additional information about this litigation by clicking https://www.ktmc.com/new-cases/carnival-corporation-ccl-and-carnival-plc-cuk?utm_source=PR&utm_medium=Link&utm_campaign=Carnivalor contacting Kessler Topaz Meltzer & Check, LLP (James Maro, Jr., Esq. or Adrienne Bell, Esq.) at (844) 887-9500 or (610) 667-7706, or via e-mail at[email protected], or by clicking https://www.blbglaw.com/cases/in-re-carnival-corp-securities-litigationor contacting Bernstein Litowitz Berger & Grossmann LLP (Jim Harrod) at (212) 554-1502 or via email at [email protected].

As alleged in the complaint, throughout the Class Period, the Defendants made materially false, and/or misleading statements, and failed to disclose material adverse facts about Carnival’s manifest inability to address the spread of infectious disease on its ships (including COVID-19) and the susceptibility of its ships to the transmission of such diseases among its crew and passengers. As a result of the foregoing, Defendants’ statements about Carnival’s commitment to the health and safety of its passengers and crew members as well as its assurances to safeguard passengers and crew and were false and/or misleading and/or lacked a reasonable basis.

As a result of the revelation of the truth about Carnival’s inability and unwillingness to contain the spread of infectious diseases on its ships, Carnival investors who purchased Carnival securities on U.S. exchanges during the Class Period lost billions of dollars when Carnival’s shares declined following Carnival’s corrective revelations.

Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, please visit www.ktmc.com.

Bernstein Litowitz Berger & Grossmann is widely recognized as one of the leading law firms worldwide advising institutional investors on issues related to corporate governance, shareholder rights, and securities litigation. Since its founding in 1983, Bernstein Litowitz Berger & Grossmann has built an international reputation for excellence and integrity and pioneered the use of the litigation process to achieve precedent-setting governance reforms. Unique among its peers, Bernstein Litowitz Berger & Grossmann has obtained several of the largest and most significant securities recoveries in history, recovering over $33 billion on behalf of defrauded investors. More information about the firm can be found online at www.blbglaw.com.

Kessler Topaz Meltzer & Check, LLP

James Maro, Jr., Esq.

Adrienne Bell, Esq.

280 King of Prussia Road

Radnor, PA 19087

(844) 887-9500

(610) 667-7706

[email protected]

Bernstein Litowitz Berger & Grossmann LLP

James Harrod, Esq.

1251 Avenue of the Americas

New York, NY  10020

(212) 554-1505

[email protected]

KEYWORDS: United States North America Pennsylvania New York

INDUSTRY KEYWORDS: Other Professional Services Professional Services Legal

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Sierra Wireless Completes Divestiture of Automotive Embedded Module Product Line

Sierra Wireless Completes Divestiture of Automotive Embedded Module Product Line

VANCOUVER, British Columbia–(BUSINESS WIRE)–
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) (the “Company” or “Sierra Wireless”), the leading IoT solutions provider that combines devices, network services and software to unlock value in the connected economy, today announced it has completed the previously announced sale of its Shenzhen, China-based automotive embedded module product line to Rolling Wireless (H.K.) Limited (“Rolling Wireless”) for US$165 million in cash. The sale of the automotive product line includes approximately US$19 million of cash and is subject to normal working capital adjustments.

“This divestiture of the Automotive product line enables Sierra Wireless to strengthen our focus and success in investment in our IoT Solutions that deliver high-value recurring revenue,” said Kent Thexton, President and CEO of Sierra Wireless. “Completing the transaction also gives us financial strength as we expand our position in the growing IoT solutions market as well as broaden our portfolio of new 5G modules and gateways for the Enterprise and Mobile Broadband markets.”

The automotive embedded modules were developed in China by Sierra Wireless and manufactured in China by outsourced contract manufacturers for sale to global electronics companies for integration into new vehicles assembled in China, Europe, and Mexico. Approximately 150 of the Company’s employees located in Mainland China, Europe and in the Asia Pacific region are becoming employees of Rolling Wireless upon the closing of the transaction.

The divested Automotive product line was a part of the Company’s Embedded Broadband reporting segment. Sierra Wireless has exited automotive applications but will continue to invest in high-speed cellular modules used in Enterprise and Mobile Broadband applications. These retained products include 4G LTE and LTE-Advanced cellular embedded modules that are ordered in large volumes as well as our new industry-leading 5G modules the company announced in the Fourth Quarter this year.

About Sierra Wireless

Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is the leading IoT solutions provider that combines devices, network and software to unlock value in the connected economy. Companies globally are adopting IoT to improve operational efficiency, create better customer experiences, improve their business models and create new revenue streams. Whether it is a solution to help a business securely connect edge devices to the cloud, or a software/API solution to help manage processes associated with billions of connected assets, or a platform to extract real-time data to make the best business decisions, Sierra Wireless will work with you to create the right industry-specific solution for your next IoT endeavor. Sierra Wireless has more than 1,300 employees globally and operates R&D centers in North America, Europe and Asia. For more information, visit www.sierrawireless.com.

Sierra Wireless is a trademark of Sierra Wireless. Other product or service names mentioned herein may be the trademarks of their respective owners.

Cautionary Note Regarding Forward-Looking Statements

Certain statements and information in this press release constitute forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws (“forward-looking statements”) with respect to the transaction, including statements with respect to the Company’s future business prospects, performance and growth program, expectations regarding product launches in the Fourth Quarter of this year; expectations regarding trends and growth in the IoT market and wireless module market and the Company’s expected use of proceeds. Although Sierra Wireless believes these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of risks and uncertainties, including stock exchange and securities regulatory matters. A further discussion of the risks and uncertainties facing Sierra Wireless are discussed in its Annual Information Form and Management’s Discussion and Analysis of Financial Condition and Results of Operations, which may be found on SEDAR at www.sedar.com and on EDGAR at www.sec.gov and in Sierra Wireless’ other regulatory filings with the Securities and Exchange Commission in the United States and the provincial securities commissions in Canada. While Sierra Wireless makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected, depending on the outcome of certain factors, including the possibility that the anticipated benefits of the sale will not be realized or will be not be realized within the expected timeframe. Except as may be required by applicable securities laws, Sierra Wireless assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.

David Climie, Investor Relations [email protected]

Kim Homeniuk, Media Relations [email protected]

KEYWORDS: China North America Canada Asia Pacific

INDUSTRY KEYWORDS: Automotive Other Automotive Technology Telecommunications Mobile/Wireless Software Hardware

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Partnership to expand use of Western Canadian plant proteins

Consortium will develop new products for Canadian and Asian markets

SASKATOON, Saskatchewan, Nov. 18, 2020 (GLOBE NEWSWIRE) — Today, Protein Industries Canada announced a project and outside partnership focused on developing new plant-based protein products and ingredients that will be sold to markets in Western Canada and Asia.

Mera Food Group, Mera Developments and Benson Farms are partnering to use Western Canadian commodities to develop the products. During the first phase of their project, they’ll use these commodities — including oats, lentils, hemp, fava beans and chickpeas — to develop beverages and other products for consumers in Western Canada before targeting Asian markets in the second phase.

“Collaboration is the key to driving Canadian Innovation,” said the Honourable Navdeep Bains, Minister of Innovation, Science and Industry. “This project is yet another example of how Protein Industries Canada is helping to build relationships along the value chain from farm to fork that will enable Canadian processors and retailers to expand into new markets and help feed our future.”

“With this collaboration, which aims to develop innovative new products from various commodities to be sold locally and in Asia, we’re demonstrating Canada’s agrifood ingenuity to the world. Canada remains at the forefront of this innovation, all the while strengthening our agriculture and agri-food sectors, growing our exports, and diversifying our markets,” said the Honourable Marie-Claude Bibeau, Federal Minister of Agriculture and Agri-Food.

Throughout the project, Benson Farms will help determine the best varieties of the commodities to use via trial plots. Mera Food Group and Mera Developments, meanwhile, will focus on developing the plant-based protein products and ingredients, including an outside partnership with Federated Co-operatives Limited (FCL). Together, Mera Food Group, Mera Developments and Benson Farms are investing $3.6 million into the project, with Protein Industries Canada investing a further $3.6 million.

“The collaborative nature of Mera Food Group, Mera Developments and Benson Farms perfectly represents the potential of our sector,” Protein Industries Canada CEO Bill Greuel said. “Together, they’re not only helping each other achieve production and processing goals, but they’re also helping other agrifood and retail companies achieve their own growth goals. And ultimately, they’re helping Canada reach new markets and expand the economy, while bringing plant-proteins to the plates of consumers.”

While strengthening the plant-protein sector through the development of new products, the partners will also be expanding it by building additional capacity for other agrifood businesses. They will be bringing new co-packaging machinery into the Saskatchewan Food Industry Development Centre, and will make it available for use by other companies.

“Mera Development is excited to provide the Consortium with its global expertise in leveraging data and analytics to enhance operational and financial performance,” Mera Development Corp. CEO Heather Quale, P.Eng, P.Geo said. “Through this project, we have the opportunity to utilize our expertise to meet the needs of our customers.”

“Benson Farms is pleased to participate in this project with Mera and Protein Industries Canada, and is enthusiastic about finding the best varieties of hemp, oats and pulses for the beverage market,” Benson Farms Director Tom Benson, P.Ag said. “As we work with Mera to ensure these varieties meet the high-quality needs of their ingredients, consumers be assured that they’ll soon see delicious new products in their grocery stores.”

To help their products reach Western Canadian consumers, Mera Food Group has signed a partnership alongside the Protein Industries Canada project to work with FCL to develop Co-op Gold Pure Oat Beverage. This collaboration supports communities, adds value to locally grown commodities and represents a complete farm-to-table initiative – from field to store shelf – involving Western Canadian businesses.

“Mera Food is excited to continue our research and development and commercialization of hydrodynamic cavitation technology for processing vegetable protein,” Mera Food Group President Wayne Goranson, P.Eng said. “Working in the Food Centre with our partners at Protein Industries Canada and Federated Co-operatives Limited, we look forward to the development of several new value-added food products from commodities produced and now processed in the prairies.”

“Co-op is unique in its ability to be involved in and connect multiple stages of the food-production cycle, from supporting our farm customers growing their crops to putting a finished product on store shelves,” said Ron Healey, FCL’s Vice-President of Ag and Consumer Business. “This partnership with Mera Food Group not only provides Co-op customers with an innovative new plant-based protein product, it also supports our objective to build our communities and the Western Canadian economy.”

This $7.2 million project is Protein Industries Canada’s 13th project announcement. Together with industry, they’ve committed $272 million into the plant-protein sector through active technology projects. They are currently accepting their third round of Technology and Capacity Building Expressions of Interest.

For more information:

Miranda Burski
Protein Industries Canada
Regina, SK
306-581-1340
[email protected]

About Mera Food Group

Mera Food is part of the group of Mera Group of Companies based in Regina, Sask. Mera Food is a team of engineers, scientists and economists dedicated to the production and processing of vegetable protein for human consumption. The company has focused on developing processing technologies over the last 10 years, specifically on implementation of hydrodynamic cavitation. The company has focused on work with its partners in Latin America and Asia for development of commercial products and ingredients. The addition of the Saskatoon facility continues the development of work originated in Saskatchewan for commercialization in North America.

About Mera Developments

Mera Development was founded in 1987 as an upstream oil and gas consulting services company that has since transitioned into a niche optimization company leveraging operational data as a competitive advantage. The company’s team of engineers, analysts and IT professionals has established a reputation for delivering high quality services, often considered a “trusted advisor”. Mera has established global customer base primarily in the United States and Canada, but also in Asia, Europe and Africa. Mera has expanded from the oil and gas industry into refining, mining, pipelines, power generation, water management, agriculture and food processing. Our solutions are focused on the integration of operational data to improve performance, moving from a reactive approach to a proactive, predictive operations.

Mera Development looks forward to providing to the Consortium with its data management and analytical experience, enabling members of the Consortium to leverage their data as an asset to optimize operations and support traceability of newly developed products.

About Benson Farms

Benson Farms is located at Raymore, Saskatchewan. It has been family owned and operated for more than 100 years, and over the last 20 years has worked with unique strains of hemp, soy and pulses. Benson Farms has been a provider of pedigreed seedstock across Western Canada and into the United States.

We look forward to this continued development and providing feedstock to the Consortium’s research and production activities.

About Federated Co-op
eratives
Limited

Federated Co-operatives Limited (FCL), based in Saskatoon, is the largest non-financial co-operative in Canada. FCL is a unique multi-billion-dollar wholesaling, manufacturing, marketing and administrative co-operative owned by more than 160 autonomous local co-operatives across Western Canada. Together FCL and those local retail co-operatives form the Co-operative Retailing System (CRS). The CRS serves our members and communities with products and services that help build, feed and fuel individuals and communities from Vancouver Island to northwestern Ontario. Our total workforce of 25,000 employees serve 1.9 million active individual members and many more non-member customers at 1,500 locations in more than 580 communities. We are a different kind of business – we are locally invested, community-minded and offer lifetime membership benefits including patronage refunds, quality products, quality service and fair prices. More information is available at www.fcl.crs.



Westlake Appoints Roger Kearns as Chief Operating Officer

Westlake Appoints Roger Kearns as Chief Operating Officer

HOUSTON–(BUSINESS WIRE)–
Westlake Chemical Corporation (NYSE: WLK) announced today that Mr. Roger Kearns has been appointed by the Board of Directors as Executive Vice President and Chief Operating Officer, effective Jan. 1, 2021. In this new role, he will continue to report to Mr. Albert Chao, Westlake’s President and CEO. Mr. Kearns will be responsible for all of the company’s chemical businesses and manufacturing operations in North America, Europe and Asia.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201118005823/en/

Roger Kearns Named Westlake Executive Vice President and Chief Operating Officer, effective Jan. 1, 2021 (Photo: Business Wire)

Roger Kearns Named Westlake Executive Vice President and Chief Operating Officer, effective Jan. 1, 2021 (Photo: Business Wire)

Mr. Chao stated, “Since joining the Westlake executive management team, Roger has provided great insight and leadership based on his years of experience as an international chemical industry executive. By asking Roger to oversee our global chemical businesses and operations, we are confident he will continue to make important contributions to the ongoing growth and development of Westlake.”

Mr. Kearns joined Westlake in 2018 from Solvay SA, where he served as a member of the Executive Committee, with responsibility for Solvay’s advanced materials business cluster, as well as the company’s corporate research organization and its North America region. He began his career with Solvay in 1986 as a polyethylene process engineer in Deer Park, Texas and then held a series of manufacturing, technical, marketing and business management positions in the United States, Europe and Asia. In 2004, he was appointed President of Solvay Advanced Polymers. From 2008 to 2012, he was responsible for Solvay’s Asia-Pacific businesses, including its vinyls operations in the region.

Mr. Kearns holds a bachelor’s degree in chemical engineering from the Georgia Institute of Technology and an MBA from Stanford University.

About Westlake

Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. Headquartered in Houston, we provide the building blocks for vital solutions — from packaging and healthcare products to automotive and consumer goods, to building and construction products. For more information, visit the company’s web site at www.westlake.com.

Investors: Steve Bender,713-960-9111

Media: L. Benjamin Ederington, 713-960-9111

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Chemicals/Plastics Other Manufacturing Manufacturing

MEDIA:

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Photo
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Roger Kearns Named Westlake Executive Vice President and Chief Operating Officer, effective Jan. 1, 2021 (Photo: Business Wire)

Photronics to Report Fourth Quarter Earnings

BROOKFIELD, Conn., Nov. 18, 2020 (GLOBE NEWSWIRE) — Photronics, Inc. (Nasdaq:PLAB), a worldwide leader in photomask technologies and solutions, is scheduled to announce financial results for the fourth quarter of fiscal 2020 on Wednesday, December 9, 2020 before the market opens.

Photronics will host a public conference call the same day at 8:30 a.m. Eastern time. During the call, company management will respond to questions concerning, but not limited to, the company’s financial performance, business conditions and industry outlook. Some responses may contain information not previously disclosed. The call will be broadcast live and on-demand on the “Investors” section of the Photronics website at www.photronics.com. Analysts and investors who wish to participate in the Q&A portion of the call may dial (877) 377-7095 or (408) 774-4601 outside of the United States and Canada. It is suggested that participants dial in five minutes prior to the call’s scheduled start time.

About Photronics


Photronics
is a leading worldwide manufacturer of integrated circuit (IC) and flat panel display (FPD) photomasks. High precision quartz plates that contain microscopic images of electronic circuits, photomasks are a key element in the IC and FPD manufacturing process. Founded in 1969, Photronics has been a trusted photomask supplier for over 50 years. As of October 31, 2019, the company had 1,775 employees. The company has 11 strategically located manufacturing facilities in Asia, Europe, and North America. Additional information on the Company can be accessed at www.photronics.com.

For Further Information:
R. Troy Dewar, CFA
Vice President, Investor Relations
(203) 740-5610
[email protected]



Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against First American Financial Corporation (FAF)

LOS ANGELES, Nov. 18, 2020 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming December 24, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired First American Financial Corporation (“First American Financial” or the “Company”) (NYSE: FAF) securities between February 17, 2017 and October 22, 2020, inclusive (the “Class Period”).

If you suffered a loss on your First American Financial 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/first-american-financial-corporation/. 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 May 24, 2019, KrebsOnSecurity reported that the Company’s website “leaked hundreds of millions of documents related to mortgage deals going back to 2003.” The records included bank account numbers and statements, mortgage and tax records, Social Security numbers, wire transaction receipts, and driver’s license images—all of which “were available without authentication to anyone with a Web browser.” Approximately 885 million records were exposed.

On this news, the Company’s share price fell $3.31, or 6%, to close at $49.52 per share on May 28, 2019, thereby injuring investors.

On October 22, 2020, First American Financial disclosed that it had received a Wells Notice from the SEC, regarding a preliminary determination to file an enforcement action against the Company related to the security breach. The SEC questioned the adequacy of the Company’s disclosures at the time of the incident and the adequacy of its disclosure controls.

On this news, the Company’s share price fell $4.83 per share, or 9%, to close at $46.75 per share on October 22, 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 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) 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.

If you purchased or otherwise acquired First American Financial securities during the Class Period, you may move the Court no later than December 24, 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.

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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]