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The Bancorp, Inc. (TBBK) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

PR Newswire


LOS ANGELES
, April 8, 2025 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that investors with losses related to The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ: TBBK) have opportunity to lead the securities fraud class action lawsuit.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN THE BANCORP, INC. (TBBK), CLICK HERE BEFORE MAY 16, 2025 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

What Is The Lawsuit About?
The complaint filed alleges that, between January 25, 2024 and March 4, 2025, Defendants failed to disclose to investors: (1) that Bancorp had underrepresented the significant risk of default or loss on its REBL loan portfolio; (2) that the Company’s current expected credit loss methodology was insufficient to account for the provision and/or allowance of credit losses; (3) that, as a result of the foregoing, the Company was reasonably likely to increase its provision for credit losses; (4) that there were material weakness in its internal control over financial reporting; (5) that its financial statements had not been approved by its independent auditor; (6) that, as a result of the foregoing, the Company’s financial statements could not be relied upon; and (7) 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.

Contact Us To Participate or Learn More:

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 us.
The Law Offices of Frank R. Cruz, 
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

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.  

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

Contact Us:

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz,
Telephone: 310-914-5007
Email: [email protected]
Visit our website at: www.frankcruzlaw.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/the-bancorp-inc-tbbk-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302422921.html

SOURCE The Law Offices of Frank R. Cruz, Los Angeles

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Ultra Clean Holdings, Inc. (UCTT) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

PR Newswire


BENSALEM, Pa.
, April 8, 2025 /PRNewswire/ — The Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Ultra Clean Holdings, Inc. (“Ultra Clean” or the “Company”) (NASDAQ: UCTT).

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN ULTRA CLEAN HOLDINGS, INC. (UCTT),
CONTACT THE LAW OFFICES OF HOWARD G. SMITH BEFORE MAY 23. 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Is The Lawsuit About?
The complaint filed alleges that, between May 6, 2024 to February 24, 2025, Defendants failed to disclose to investors that: (1) Ultra Clean’s optimistic reports of significant growth and increased earnings potential fell short of reality as they failed to incorporate the impending weaker demand due to issues one of its major customers was facing, extended qualification timelines, and inventory absorption, particularly given the volatility of the semiconductor industry; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:  

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:
Howard G. Smith, Esq.,
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Call us at: (215) 638-4847
Email us at: [email protected],
Visit our website at: www.howardsmithlaw.com.

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.

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

Contact Us:

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

Cision View original content:https://www.prnewswire.com/news-releases/ultra-clean-holdings-inc-uctt-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302422938.html

SOURCE Law Offices of Howard G. Smith

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AppLovin Corporation (APP) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

PR Newswire


LOS ANGELES
, April 8, 2025 /PRNewswire/ — Glancy Prongay & Murray LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against AppLovin Corporation (“AppLovin” or the “Company”) (NASDAQ: APP).

IF YOU SUFFERED A LOSS ON YOUR APPLOVIN INVESTMENTS, CLICK HERE
BEFORE MAY 5, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT

What Is The Lawsuit About?

The complaint filed alleges that, between May 10, 2023 and February 25, 2025, Defendants failed to disclose to investors that: (1) AppLovin is exploiting advert data from Meta Platforms and using manipulative practices that forced unwanted apps on customers via a “backdoor installation scheme” which inaccurately inflated installation numbers, and, in turn, its profit figures; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More: 
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 us.
Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224) 
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased. 

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.

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

Contact Us: 

Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Charles Linehan
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: www.glancylaw.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/applovin-corporation-app-investors-who-lost-money-have-opportunity-to-lead-securities-fraud-lawsuit-302422928.html

SOURCE Glancy Prongay & Murray LLP

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Twilio Announces the Winners of Its First Annual Excellence in Engagement Awards

Twilio Announces the Winners of Its First Annual Excellence in Engagement Awards

Top brands Best Buy, CLEAR, Rocket Mortgage, Vineyard Vines, and Zillow are honored for their innovative approach to customer engagement

SAN FRANCISCO–(BUSINESS WIRE)–
Twilio (NYSE: TWLO), the customer engagement platform that drives real-time, personalized experiences for leading brands, today announced the winners of its Excellence in Engagement Awards. This award evaluates organizations across industries including retail, healthcare, financial services, and real estate, and honors businesses that are pushing the boundaries of customer engagement and personalization with contextual data. Improving customer experiences is a priority for many brands as they try to close the customer experience gap, as 84% of businesses reported they provide “good” or “excellent” customer engagement, yet only 54% of consumers agree.

Twilio honored businesses in five categories, with each winner demonstrating exceptional use of Twilio’s products to create meaningful, scalable customer experiences. This year’s honorees are Best Buy, CLEAR, Rocket Mortgage, Vineyard Vines, and Zillow.

“These brands share Twilio’s vision of a world where every digital interaction between brands and consumers is amazing,” said Chris Koehler, CMO of Twilio. “The winners represent the best in customer experience in their respective industries and it’s inspiring to see how they are using Twilio products to reimagine customer interactions and drive better outcomes – from making it easier to shop online for a new TV, to simplifying communications in the home buying process, and so much more. I look forward to seeing what’s next for these brands as they continue to innovate.”

Excellence in Engagement: Rocket Mortgage

Rocket Mortgage, the nation’s largest mortgage lender, leverages Twilio’s Programmable Voice, SMS and Twilio Segment’s Customer Data Platform (CDP) to help optimize client communication. The company has built a cross-channel system that includes two-way SMS messaging, a secure outbound voice system used by 3,000 agents to connect with their clients and is in the process of developing an inbound voice system. With Twilio Segment, Rocket Mortgage is creating 360-degree client profiles to continue growing personalized communication across its campaigns.

“We are focused on establishing industry-leading, intelligent and digital-driven experiences for our clients by streamlining communication workflows, enhancing efficiency and improving service delivery,” said Papanii Okai, Executive Vice President of Product Engineering at Rocket. “Twilio’s Communications APIs and Segment CDP helped boost client response rates and conversion through personalized, automated workflows informed by our data. We’re looking forward to building on this partnership, including implementing AI use cases, to continue to Help Everyone Home.”

Excellence in Communication: Best Buy

Best Buy adopted Twilio’s Flex and Programmable Voice platform to incorporate voice, chat and video for an enhanced customer and agent experience in its Virtual Store and Customer Care programs for customers shopping or looking for support through BestBuy.com or the Best Buy app.

Excellence in Trust: CLEAR

CLEAR, the secure identity platform, leverages Twilio’s Verify and Lookup APIs as an additional layer of their comprehensive identity solution. This integration allows users to quickly prove their identity using SMS one-time passcodes (OTPs), while Lookup Identity Match enables an additional verification at a lower cost than alternative solutions.

“Our mission is to create frictionless experiences while maintaining the highest standards of security and privacy,” said Nick Peddy, Chief Technology Officer at CLEAR. “Twilio’s security solutions help match identities quickly and cost-effectively, making identity verification seamless for users. Our Members can quickly verify who they are at any moment – whether it’s going through airport security, renting a car, or signing up for social media. CLEAR envisions a future where you can always be you, both physically and digitally, wherever you go.”

Excellence in Data and AI: Vineyard Vines

Vineyard Vines, the lifestyle apparel brand best known for its smiling pink whale logo, uses Twilio Segment for personalized customer journeys, paid media targeting, and email campaigns. The company integrated Twilio Segment with Databricks to launch highly personalized campaigns powered by their unique customer data in 60 days.

“We wanted to improve results across our marketing campaigns quickly,” said Anthony Ciancio, Vice President of Data & Analytics at Vineyard Vines. “Not only were we able to get Segment deployed immediately, we met our goals in under three months, seamlessly integrating with Databricks and Listrak for more effective campaign execution. Our brand celebrates the good life, with a goal of building a smooth experience across all our channels. Twilio Segment helped us make this possible by personalizing campaigns, improving our customer engagement, and maintaining one version of the truth of our customers.”

Excellence in Optimization: Zillow

Zillow, the most visited real estate website in the United States, uses Twilio’s solutions to power their “Connections” platform, which allows real estate agents to communicate with prospective buyers via voice, SMS, and TaskRouter, a skills-based routing system for contact centers. By integrating Twilio’s flexible communication tools, Zillow is able to effectively and reliably facilitate communication and connection between agents and buyers.

“Zillow is investing in products and services to improve the experience of buying, selling, renting and financing, to help make home a reality for more people,” said Toby Roberts, SVP of Engineering & Technology at Zillow. ”Our Connections product, built on Twilio products, allows real estate agents to communicate with prospective buyers, and facilitates reliable connection and clear communication. We’ve been a Twilio customer for more than 15 years, and value their partnership and shared commitment to excellence.”

The winners and finalists of the Excellence in Engagement Awards will be honored at Twilio’s annual customer and developer conference SIGNAL on May 14-15. To register, visit https://signal.twilio.com/2025/begin.

To learn more about our awards program and how our customers are shaping the future of customer engagement, visit https://www.twilio.com/en-us/lp/excellence-in-engagement-awards.

About Twilio Inc.

Today’s leading companies trust Twilio’s Customer Engagement Platform (CEP) to build direct, personalized relationships with their customers everywhere in the world. Twilio enables companies to use communications and data to add intelligence and security to every step of the customer journey, from sales to marketing to growth, customer service and many more engagement use cases in a flexible, programmatic way. Across 180 countries and territories, millions of developers and hundreds of thousands of businesses use Twilio to create magical experiences for their customers. For more information about Twilio (NYSE: TWLO) visit www.twilio.com.

Twilio Press:

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Software Digital Marketing Marketing Communications Technology Apps/Applications Electronic Commerce VoIP

MEDIA:

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Kuehn Law Encourages Investors of Virtu Financial, Inc. to Contact Law Firm

NEW YORK, April 08, 2025 (GLOBE NEWSWIRE) — Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Virtu Financial, Inc. (NASDAQ: VIRT) breached their fiduciary duties to shareholders.

According to a federal securities lawsuit, Insiders at Virtu caused the company to misrepresent or fail to disclose that (i) the Company maintained deficient policies and procedures with respect to its information access barriers; (ii) accordingly, Virtu had overstated the Company’s operational and technological efficacy as well as its capacity to block the exchange of confidential information between departments or individuals within the Company; (iii) the foregoing deficiencies increased the likelihood that the Company would be subject to enhanced regulatory scrutiny; and (iv) as a result, public statements about the Company were materially false and/or misleading at all relevant times.

If you are a long-term VIRT stockholder please contact Justin Kuehn, Esq. here, by email at [email protected] or call (833) 672-0814.  Kuehn Law pays all case costs and does not charge its investor clients.Shareholders should contact the firm immediately as there may be limited time to enforce your rights.  

Why Your Participation Matters:

As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™  

For additional information, please visit Shareholder Derivative Litigation – Kuehn Law.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:
Kuehn Law, PLLC
Justin Kuehn, Esq.
53 Hill Street, Suite 605
Southampton, NY 11968
[email protected]
(833) 672-0814



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O-I France Proposes Strategic Business Transformation

Perrysburg, Ohio, April 08, 2025 (GLOBE NEWSWIRE) — — Over the past few years, the glass market in France has been considerably challenged, primarily due to a slow-down in the wine market.  This slow-down, combined with overcapacity and strong competition, has prompted the company to consider additional actions to improve its long-term competitiveness.

To face these challenges and adapt to an increasingly complex market, O-I has announced a strategic initiative, Fit to Win, aimed at ensuring the sustainability of its business in the long-term and improving the agility and flexibility of its operations to make glass more competitive and widely available.  

As part of this initiative, the company has initiated an information and consultation process with its European and French employee representatives. The consultation focuses on possible operational adjustments at its plants in Gironcourt, Puy-Guillaume, and Reims, and the potential cessation of production of one furnace at its plant in Vayres, the potential closure of the Vergèze plant, and the potential resizing of administrative functions at its French headquarters.

The company is also considering a multi-million Euro investment in its French plants in line with its previously announced 2025 capital plan. The company expects these investments in its French plants will support the development of the use of glass and strengthen O-I’s position as a major player and employer in France, which remains a strategic market for the company.

The actions under consideration could potentially result in a net impact of approximately 320 positions, accounting for vacant, created, and eliminated of positions. The company intends to carry out any such plan transparently and responsibly for any potentially impacted employees and in consultation with the various representative bodies and relevant authorities. 

ABOUT O-I GLASS

At O-I Glass, Inc. (NYSE: OI), we love glass, and we are proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 21,000 people across 69 plants in 19 countries, O-I achieved revenues of $6.5 billion in 2024. Learn more about us:  o-i.com / Facebook / Twitter / Instagram / LinkedIn

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking” statements related to O-I Glass, Inc. (“O-I Glass” or the “company”) within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect the company’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “target,” “commit,” and the negatives of these words and other similar expressions generally identify forward-looking statements.

It is possible that the Company’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the company’s ability to achieve expected benefits from cost management, efficiency improvements, and profitability initiatives, such as its Fit to Win program, including expected impacts from production curtailments, reduction in force and furnace closures, (2) the general political, economic and competitive conditions in markets and countries where the company has operations, including uncertainties related to economic and social conditions, trade disputes, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates, changes in laws or policies, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (3) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current Ukraine-Russia and Israel-Hamas conflicts and disruptions in supply of raw materials caused by transportation delays), (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (5) changes in consumer preferences or customer inventory management practices, (6) the continuing consolidation of the company’s customer base, (7) the company’s ability to improve its glass melting technology, known as the MAGMA program, and implement it in a manner to deliver economic profit within the timeframe expected in addition to successfully achieving key production and commercial milestones, (8) unanticipated supply chain and operational disruptions, including higher capital spending, (9) seasonality of customer demand, (10) the failure of the company’s joint venture partners to meet their obligations or commit additional capital to the joint venture, (11) labor shortages, labor cost increases or strikes, (12) the company’s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired businesses and achieve expected benefits from acquisitions, divestitures or expansions, (13) the company’s ability to generate sufficient future cash flows to ensure the company’s goodwill is not impaired, (14) any increases in the underfunded status of the company’s pension plans, (15) any failure or disruption of the company’s information technology, or those of third parties on which the company relies, or any cybersecurity or data privacy incidents affecting the company or its third-party service providers, (16) risks related to the company’s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the company to generate cash to service indebtedness and refinance debt on favorable terms, (17) risks associated with operating in foreign countries, (18) foreign currency fluctuations relative to the U.S. dollar, (19) changes in tax laws or global trade policies, (20) the company’s ability to comply with various environmental legal requirements, (21) risks related to recycling and recycled content laws and regulations, (22) risks related to climate-change and air emissions, including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders, and the other risk factors discussed in the Company’s filings with the Securities and Exchange Commission.

It is not possible to foresee or identify all such factors. Any forward-looking statements in this document are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from expectations. While the Company continually reviews trends and uncertainties affecting the Company’s results of operations and financial condition, the Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this document.



[email protected]

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CLASS ACTION NOTICE: Berger Montague Advises Solaris Energy Infrastructure (NYSE: SEI) Investors to Inquire About a Securities Fraud Class Action

PHILADELPHIA, April 08, 2025 (GLOBE NEWSWIRE) — Berger Montague PC advises investors that a securities class action lawsuit has been filed against Solaris Energy Infrastructure, Inc. (“Solaris” or the “Company”) (NYSE: SEI) on behalf of purchasers of Solaris securities between July 9, 2024 through March 17, 2025, inclusive (the “Class Period”).

Investor Deadline: Investors who purchased or acquired
Solaris
securities during the Class Period may, no later than
MAY 27, 2025
, seek to be appointed as a lead plaintiff representative of the class.

To learn your rights,




CLICK HERE




.

Headquartered in Houston, Solaris develops equipment used in the oil and gas industry. On July 9, 2024, Solaris announced that it has entered into an agreement to acquire Mobile Energy Rentals LLC (“MER”). Solaris completed the MER acquisition on September 11, 2024.

According to the lawsuit, throughout the Class Period, Defendants failed to disclose to investors that: (1) MER had little, if any, experience in the mobile turbine leasing space; (2) MER did not have a diversified earnings stream; and (3) MER’s co-owner was a convicted felon associated with turbine fraud.


To learn your rights or for more information,




CLICK HERE




or please contact Berger Montague: Andrew Abramowitz at




[email protected]




or (215) 875-3015, or Peter Hamner at




[email protected]


.

A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.

Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Contact:

Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
[email protected]  

Peter Hamner
Berger Montague PC
[email protected]



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Bamboo Insurance and Sutton National Announce Reinsurance Program Renewal

PR Newswire


MIDVALE, Utah
, April 8, 2025 /PRNewswire/ — Sutton Specialty Insurance Company and Sutton National Insurance Company (together “Sutton National”) and Bamboo Ide8 Insurance Services, LLC. (“Bamboo”), a subsidiary of White Mountains Insurance Group, Ltd. (NYSE: WTM), announced the renewal of Bamboo’s reinsurance program, which included the successful closing of the Greengrove Re Ltd. Series 2025-1 catastrophe bond and the execution and funding of the Greenshoots Re Ltd. Series 2025-1 sidecar transaction.

“These transactions will strengthen our ability to jointly address the coverage needs of California homeowners…”


Greengrove Re Ltd.

Greengrove Re Ltd. issued a $100 million catastrophe bond with a spread of 7.75%, an initial base expected loss of 1.44% and an indemnity trigger over a three-year term with a scheduled maturity date of April 7th, 2028. The offering reflects a 33% upsize from the initial $75 million placement target, with the final spread priced at the lower end of the initial price guidance of 7.50% to 8.50%.

As part of the transaction, Sutton National entered into a catastrophe excess of loss reinsurance contract with Greengrove Re Ltd., which offers protection against fire and fire following earthquake for business written by Bamboo on behalf of Sutton National and provides both parties with a diversified source of catastrophe excess of loss capacity through the capital markets.


Greenshoots Re Ltd.

Greenshoots Re Ltd. issued $70 million of preference shares for a sidecar transaction supported by several institutional investors.

As part of the transaction, Sutton National entered into a quota share reinsurance contract with Greenshoots Re Ltd., which enables participation in the underwriting results of Bamboo’s business written on behalf of Sutton National and provides both parties with a diversified source of quota share capacity through the capital markets.

“These transactions are another milestone in Bamboo’s history and in its partnership with Sutton National,” said John Chu, CEO of Bamboo. “These transactions will strengthen our ability to jointly address the coverage needs of California homeowners and are a validation of Bamboo’s business model, approach to catastrophe risk management, and ability to construct a portfolio which capital markets investors understand and appreciate. We are truly appreciative of investor’s support for our inaugural catastrophe bond and sidecar transactions.”

“The catastrophe bond and the sidecar are an essential part of our reinsurance structure and complement a catastrophe excess of loss tower and quota share panel backed by industry-leading reinsurers,” said Shane Haverstick, CEO of Sutton National. “We are pleased to have successfully sponsored our first catastrophe bond and sidecar, and done so in partnership with Bamboo, our valued partner in the California homeowners’ market. We are grateful for the strong investor support across both transactions.”

GC Securities, a division of MMC Securities LLC, acted as the sole structuring agent and bookrunner for the catastrophe bond and the sole structuring agent and sole placement agent for the sidecar. Willkie Farr & Gallagher LLP served as deal counsel for both transactions.

“We’re proud to have supported Sutton National and Bamboo’s inaugural catastrophe bond and sidecar issuance,” said Liam Martens, Managing Director of GC Securities. “We are very pleased that investors strongly supported these transactions following the recent Los Angeles wildfires, which we believe reflects a recognition of Bamboo’s unique business model and sound approach to catastrophe risk management. We are grateful to both the Bamboo and Sutton National teams for their partnership and their collective effort and expertise in executing these transactions.”

MEDIA CONTACT:

Tess Shoe

Sr. Communications Manager | Bamboo Insurance
[email protected]

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/bamboo-insurance-and-sutton-national-announce-reinsurance-program-renewal-302423553.html

SOURCE Bamboo Insurance

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Toll Brothers at RiversEdge Now Open for Sale in Jacksonville, Florida

JACKSONVILLE, Fla., April 08, 2025 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced Toll Brothers at RiversEdge, a luxurious townhome community on the Southbank of the St. Johns River, is now open for sale in Jacksonville, Florida. The Sales Center and decorated model home is located at 2010 Prudential Drive in Jacksonville.

Toll Brothers at RiversEdge offers a range of stunning three-story townhomes featuring 2 to 4 bedrooms, 3.5 baths, private 2-car garages, rooftop terraces, and optional elevators. The home designs include spacious, open-concept floor plans with unrivaled options for personalization, as well as beautiful wooded and riverfront views. Homes are priced starting at $694,995.

Residents of Toll Brothers at RiversEdge will enjoy convenient access to the Southbank Riverwalk Extension, which offers scenic walking paths, trending restaurants, shopping districts, and amazing outdoor recreation. The RiversEdge master plan is transforming the Southbank of the St. Johns River into a waterfront destination where shoppers, restaurant goers, boaters, residents, hotel guests, and the Jacksonville community can come together. RiversEdge will feature four public parks filled with interactive sculptures and landmark works of art seamlessly blended with luxury apartments, townhomes, condominiums, retail and office space, and one of the largest marinas on the St. Johns River.

“Toll Brothers at RiversEdge represents the perfect blend of luxury and excitement, making it an ideal location for home shoppers seeking a vibrant and active lifestyle,” said Greg Netro, Group President of Toll Brothers in North Florida. “We are proud to offer beautifully designed townhomes with an array of personalization options in one of Jacksonville’s most desirable areas.”

Toll Brothers customers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows customers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers’ professional Design Consultants. A select number of move-in ready and quick move-in homes are also available in the community.

For more information on Toll Brothers at RiversEdge, home shoppers are invited to call 844-871-7466 or visit Toll BrothersAtRiversEdge.com.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.

Toll Brothers has been one of Fortune magazine’s World’s Most Admired Companies™ for 10+ years in a row, and in 2024 the Company’s Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron’s magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

From Fortune, ©2025 Fortune Media IP Limited. All rights reserved. Used under license.

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/19f4665c-db4f-4986-ad46-f2beb93cf725

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)



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Ultra Clean Earns Intel’s 2025 EPIC Supplier Award

PR Newswire


HAYWARD, Calif.
, April 8, 2025 /PRNewswire/ — Ultra Clean Holdings, Inc. (Nasdaq, UCTT) is proud to announce that it has earned the exclusive Intel EPIC Supplier Award for 2025. This award recognizes the top performers in the Intel supply chain for their world-class commitment to continuous improvement and performance excellence over the past year.

“Congratulations to UCT on receiving the Intel EPIC Supplier Award, Intel’s highest supplier recognition,” said Frank Sanders, corporate vice president and general manager of Global Supply Chain Operations at Intel. “Their unwavering commitment to quality, drive for excellence, and dedication to technology innovation make them vital to our success. We greatly appreciate their collaboration and continued focus on results.”

“As one of a select few companies awarded the Intel EPIC Supplier Award in 2025, UCT is truly one of the best suppliers in the semiconductor industry,” said Dave Bloss, corporate vice president and general manager of Global Sourcing for Equipment & Materials at Intel. “Their customer orientation and commitment to superior performance is a testament to their dedication and serves as a global benchmark for others to follow.”

The Intel EPIC Supplier Award recognizes the top performers in the Intel supply chain for their dedication to “EPIC” performance—Excellence, Partnership, Inclusion and Continuous Improvement. Of the thousands of Intel suppliers around the world, only a few hundred qualify to participate in the EPIC Supplier Program.

To qualify for the Intel EPIC Supplier Award, suppliers must exceed the highest expectations and achieve aggressive strategic objectives aligned to Intel’s priorities.

Get more information about the Intel EPIC Supplier Awards

Find the latest at the Intel Newsroom

Visit the Intel EPIC Supplier Awards page

About Ultra Clean Holdings, Inc.
Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services primarily for the semiconductor industry. Under its Products division, UCT offers its customers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing. Under its Services Division, UCT offers its customers tool chamber parts cleaning and coating, as well as micro-contamination analytical services. Ultra Clean is headquartered in Hayward, California. Additional information is available at www.uct.com.

Contact:

Rhonda Bennetto

SVP Investor Relations
[email protected]

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SOURCE Ultra Clean Holdings, Inc.