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Grainger Declares Quarterly Dividend

PR Newswire

CHICAGO, July 28, 2021 /PRNewswire/ — The board of directors of W.W. Grainger, Inc. (NYSE: GWW) today declared a cash dividend of $1.62 per share payable on September 1, 2021, to shareholders of record on August 9, 2021.

W.W. Grainger, Inc., with 2020 sales of $11.8 billion, is North America’s leading broad line supplier of maintenance, repair and operating (MRO) products, with operations primarily in North America (N.A.), Japan and the United Kingdom (U.K.). For more information about the company, visit invest.grainger.com.

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SOURCE W.W. Grainger, Inc.

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MDC Partners Inc. (MDCA) and Stagwell Marketing Group LLC Schedule Conference Call to Discuss Financial Results for the Three Months Ended June 30, 2021

PR Newswire

NEW YORK, July 28, 2021 /PRNewswire/ — (NASDAQ: MDCA) – MDC Partners Inc. (“MDC Partners” or the “Company”) and Stagwell Marketing Group LLC (“Stagwell”) announced today that both companies will report separate financial results for the three months ending June 30, 2021 on Wednesday, August 4, 2021, before market open.

MDC Partners and Stagwell will host a joint video webcast and conference call to review those separate financial results the same day at 8:30 AM (ET). The video webcast will be accessible at https://kvgo.com/openexchange-inc/mdca-stagwell-earnings-call.

About MDC Partners Inc.

MDC Partners is one of the most influential marketing and communications networks in the world. As “The Place Where Great Talent Lives,” MDC Partners is celebrated for its innovative advertising, public relations, branding, digital, social and event marketing agency partners, which are responsible for some of the most memorable and effective campaigns for the world’s most respected brands. By leveraging technology, data analytics, insights and strategic consulting solutions, MDC Partners drives creative excellence, business growth and measurable return on marketing investment for over 1,700 clients worldwide. For more information about MDC Partners and its partner firms, visit our website at mdc-partners.com, sign up for investor-related updates and alerts, and follow us on LinkedIn.

About Stagwell Marketing Group

The Stagwell Marketing Group is the first and only independent, digital-first, and fully-integrated organization of size & scale servicing brands across the continuum of marketing services. Collaborative by design, Stagwell is not weighed down by legacy points of view and its people are united in their desire to innovate, evolve, grow and deliver superior results for their clients. Stagwell’s high growth brands include experts in four categories: digital transformation and marketing, research and insights, marketing communications, and content and media. Stagwell is a private equity fund that owns all interests in Stagwell Marketing Group LLC through a wholly owned holding company named Stagwell Marketing Group Holdings LLC. Stagwell Marketing Group LLC and its businesses are managed by The Stagwell Group, a registered investment advisor. The address of Stagwell is 1808 Eye Street, Floor 6, Washington, D.C., 20006.

 

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SOURCE MDC Partners Inc.

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T. Rowe Price Adds Retirement Blend Funds To Target Date Lineup

New target date fund series brings approach that combines active and passive management to wider audience

PR Newswire

BALTIMORE, July 28, 2021 /PRNewswire/ —

NEWS

T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), a market leader in retirement and target date investing and the only target date manager with a “High” rating on Morningstar’s predictive pillars of People, Process, and Parenti, today announced the launch of its Retirement Blend Fund series, expanding the firm’s target date lineup and its range of solutions to help investors achieve their retirement goals.

“We understand everyone’s path to retirement is different and are pleased to deliver greater choice to the target date marketplace through the new Retirement Blend Funds,” said Wyatt Lee, portfolio manager and head of Target Date Strategies, Multi-Asset. “This launch comes from a position of strength, given our competitive success in target date investing over the long term. As long-established leaders in retirement and target date investing, we have tremendous conviction in our approach and are excited to further extend our offering to retirement investors, plan sponsors, and advisors.”

T. Rowe Price Retirement Blend Funds – Details

  • The Retirement Blend Funds’ underlying investments are a mix of active and passive investment strategies, allowing the opportunity for excess return and potentially greater diversification in certain market sectors typically associated with active management while also providing the market exposure and reduced costs associated with passive management.
  • The Retirement Blend Fund series is designed for investors who prefer a single, simplified, professionally managed solution for retirement investing and who want an approach that marries the benefits of active and passive investment styles, including placing a greater emphasis on managing overall cost.
  • The Retirement Blend strategy has been in place at T. Rowe Price since 2018 but it was previously available only in the collective investment trust format. This mutual fund series extends the firm’s Retirement Blend approach to a wider range of investors for whom a mutual fund is the preferred or most appropriate vehicle.
  • The Retirement Blend Funds use the enhanced glide path and the same diversification and tactical asset allocation as T. Rowe Price’s existing Retirement series of target date portfolios.
  • All of T. Rowe Price’s target date portfolios, including the new Retirement Blend Funds, are managed by the same accomplished portfolio management team:  Wyatt Lee, CFA, head of Target Date Strategies, and portfolio managers Kimberly DeDominicis and Andrew Jacobs van Merlen, CFA.
  • Like T. Rowe Price’s other target date funds, the Retirement Blend Funds utilize a unitary fee structure, where an all-inclusive management fee rate is set at the top level. Depending on the target date, or vintage, the range of net expense ratios for the Retirement Blend Funds is 0.34% to 0.44% for the Investor Class shares and 0.19% to 0.26% for the I Class shares. Fund vintages are available in five-year increments from 2005 to 2065.
  • The Retirement Blend Funds’ minimum initial investment is $2,500 for the Investor Class shares and $1,000,000 for the I Class shares.
  • The SEC prospectus filing for the Retirement Blend Fund series as well as pricing reductions to T. Rowe Price’s broader target date line-up were previously announced in May 2021.

ABOUT T. ROWE PRICE’S TARGET DATE FRANCHISE AND MULTI-ASSET DIVISION

T. Rowe Price established its first target date portfolios in 2002 and the firm has been an industry leader since that time.  The firm’s target date portfolios are advised by its Multi-Asset Division, which managed $459 billion in multi-asset portfolios for retail and institutional clients as of June 30, 2021. According to Morningstar, T. Rowe Price is the largest manager of active target date products in the U.S., with $327.3 billion in active target date strategy assets under management, as of March 31, 2021.

The firm’s target date lineup includes two distinct suites with differing glide paths, offered as both mutual funds and collective investment trusts: the Retirement glide path is designed to support the need for lifetime income; the Target glide path is designed manage growth and volatility around retirement.

T. Rowe Price’s target date portfolios seek to provide investors with an age-appropriate, diversified portfolio that can carry an investor to and through retirement. One hundred percent (100%) of the Retirement Funds with 10-year track records outperformed their respective S&P Target Date Index over the 10-year period as of June 30, 2021.ii

Target date strategies have become important retirement investment vehicles for many individual investors and for a growing majority of those participating in defined contribution plans or other tax-deferred retirement savings programs. Target date portfolios attempt to address and balance investors’ exposure to three main risks: longevity risk, inflation risk, and market risk. These strategies can be an effective investment solution for investors who prefer to delegate their investment and asset allocation decisions to professional money managers.

IMPORTANT INFORMATION

The principal value of target date strategies is not guaranteed at any time, including at or after the target date, which is the approximate date when investors plan to retire (assumed to be age 65). These target date strategies invest in a diversified portfolio of other T. Rowe Price stock and bond strategies that represent various asset classes and sectors and are therefore subject to the risks of different areas of the market. The allocations of the target date strategies with a stated retirement date among these underlying strategies will change over time to reflect the target date strategies changing emphasis from capital appreciation to income and less volatility as investors approach and enter retirement. The target date strategies are not designed for a lump-sum redemption at the target date and do not guarantee a particular level of income.

Past performance cannot guarantee future results. For the most recent fund performance, visit troweprice.com.


Download a prospectus

 or obtain one by calling 1-800-541-8803. The prospectus includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.

T. ROWE PRICE INVESTMENT SERVICES, INC., DISTRIBUTOR, T. ROWE PRICE MUTUAL FUNDS.

ABOUT T. ROWE PRICE

Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. is a global investment management organization with $1.62 trillion in assets under management as of June 30, 2021. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools.  T. Rowe Price’s disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice.com, Twitter, YouTube, LinkedIn, and Facebook sites.

i Source: Morningstar, as of July 15, 2021. ©2021 Morningstar. 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.

ii Source: S&P Indices. The “S&P Target Date Index” is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”), and has been licensed for use by T. Rowe Price. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); T. Rowe Price’s Products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P Target Date Index.

An investment cannot be made in an index.

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SOURCE T. Rowe Price Group, Inc.

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DoubleVerify Launches Turnkey Brand Safety Floor, Extends Offering into YouTube, and Unveils Enhancements to its Brand Suitability Solution

DoubleVerify Launches Turnkey Brand Safety Floor, Extends Offering into YouTube, and Unveils Enhancements to its Brand Suitability Solution

Customers using DV’s solution will benefit from easy to use brand safety settings and more granular suitability controls

NEW YORK–(BUSINESS WIRE)–DoubleVerify (“DV”), (NYSE: DV), a leading software platform for digital media measurement, data and analytics, today announced enhancements to its brand safety and suitability solution that include the introduction of DV’s Brand Safety Floor as a turnkey option, extending Brand Suitability Tiers on YouTube, and more.

Available to both advertisers and publishers since January 2021, Brand Suitability Tiers allow brands to align suitability settings with their own unique standards, delivering precision and scale, while empowering publishers to meet advertiser expectations and maximize monetization of the quality content they produce. Since launch, the majority of DV clients have adopted Brand Suitability Tiers, and are actively making refinements to their preferences. DV’s recent enhancements reflect customer demand for even greater control and coverage.

“DoubleVerify’s Brand Suitability Tiers enable brands to align their advertising dollars with suitable content, which improves performance,” said Mark Zagorski, CEO of DoubleVerify. “Our new enhancements further empower advertisers to proactively manage their safety and suitability preferences. This, in turn, helps create a stronger digital ecosystem where advertisers are able to support premium publisher inventory while avoiding unsuitable content. DV will continue to work closely with brands, agencies and industry groups to refine current standards and offer unique, best in-class solutions that provide maximum value to advertisers, publishers and platforms.”

The new brand safety and suitability enhancements include:

Brand Safety Floor as Turnkey Option

To improve operational efficiency, DV’s Brand Safety Floor is now available as a turnkey option in DV PinnacleⓇ, the company’s unified service and performance platform – enabling advertisers to quickly establish protection against the highest risk content. Aligning with industry standards, most advertisers endeavor to entirely avoid content categorized within the floor. DV’s solution streamlines this process with a click of a button.

Extending Offering to YouTube

DV is also extending its offering and current enhancements to YouTube. Now, advertisers using DV will be able to leverage the turnkey brand safety floor controls and brand suitability tiers across a wide range of digital channels, including the open web, Facebook and YouTube.

Introducing a New Brand Suitability Category

DV has also launched “Death & Injury” as a new brand suitability tiered category, enabling additional controls over how advertisers can serve ads on inventory associated with those topics.

“Providing clients with turnkey access to solutions like DoubleVerify’s Brand Suitability Tiers has allowed them to feel more confident in their media placements and achieve a higher rate of brand safety and suitability,” said Yale Cohen, EVP, Global Digital Standards, Publicis Media Exchange (PMX). “We look forward to ongoing innovation in this space and will continue to work closely with MRC-accredited partners like DoubleVerify to find the most optimal brand safety and suitability solutions for the industry.”

With these new enhancements, brands benefit from more granular controls and reporting, enabling them to implement nuanced brand suitability settings and directly measure the impact in reporting. As a result, advertisers can exercise more refined avoidance strategies while preserving campaign scale. Additionally, publishers can access the data and insights they need to analyze inventory and optimize campaign performance relative to suitability during and after the sales process. This transparency enables better optimization and inventory allocation that publishers can leverage in order to maximize the monetization of their supply.

DV pioneered brand safety in 2008 and has been a continuous innovator in the category. With the launch of Brand Suitability Tiers, DV became the first verification company to align product functionality with standards advanced by the 4A’s Advertising Protection Bureau (APB) and World Federation of Advertisers (WFA) Global Alliance for Responsible Media (GARM).

For more information about this release, contact [email protected].

About DoubleVerify

DoubleVerify is a leading software platform for digital media measurement and analytics. Our mission is to make the digital advertising ecosystem stronger, safer and more secure, thereby preserving the fair value exchange between buyers and sellers of digital media. Hundreds of Fortune 500 advertisers employ our unbiased data and analytics to drive campaign quality and effectiveness, and to maximize return on their digital advertising investments – globally.

Chris Harihar, [email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Software Social Media Search Engine Optimization Search Engine Marketing Data Management Technology Other Communications Public Relations/Investor Relations Marketing Advertising Communications Other Technology

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Chatham Asset Management Sends Letter to R.R. Donnelley Board of Directors

Strongly Urges Board Not to Renew Value Destructive Poison Pill

Chatham Recommends Strategic Review of the Company’s Assets

PR Newswire

CHATHAM, N.J., July 28, 2021 /PRNewswire/ — Chatham Asset Management, LLC (“Chatham“), a private investment firm which manages funds that beneficially own approximately 14.9% of the outstanding common stock and which is the largest bondholder of R.R. Donnelley & Sons Company (“RRD” or the “Company”) (NYSE: RRD), today sent a letter to the Company’s Board of Directors (the “Board”).

As a significant, long-term shareholder of RRD, Chatham strongly urges the Board not to renew its value destructive and insulating stockholder rights plan (the “Poison Pill”) upon its expiration on August 28, 2021. Moreover, Chatham recommends the Board engage an external advisor to undertake a strategic review of the Company’s assets to unlock the intrinsic value of RRD and improve its share price.

The full text of the letter follows: 

July 28, 2021

The Board of Directors
R.R. Donnelley & Sons Company
35 West Wacker Drive
Chicago, Illinois 60601
Attention: John C. Pope, Chairman

Dear Members of the Board:

As owners of approximately 14.9% of the common stock of R.R. Donnelley & Sons Company (the “Company”), Chatham Asset Management (together with its affiliated funds, “Chatham“) believes that our sizeable position reflects our conviction in the value opportunity at the Company. We write today, however, out of concern that the Board of Directors’ stance on certain critical matters imperils that value.

Although Chatham has been publicly and privately supportive of the management team, we are disappointed that the Board has publicly indicated that “the Board expects that under current circumstances it would approve an extension of the Rights Plan [on August 28, 2021] and submit the Rights Plan to stockholders for ratification at the Company’s 2022 annual meeting of stockholders.”  Moreover, we note that the Company has not committed to redeeming the pill in the unfortunate event the Rights Plan is extended and voted down by the shareholders at the upcoming Annual Meeting: “[[a]s currently contemplated by the Board (emphasis added), if such stockholder ratification were obtained, the Rights Plan as so extended would expire on August 28, 2022; otherwise, the Rights Plan would expire at the close of business on the first business day following the certification of the voting results for the Company’s 2022 annual meeting of stockholders.”

We wish to make it crystal clear to the Board that the Board should not renew its stockholder rights plan upon its expiry on August 28, 2021.  Renewing the pill would further erode any remaining confidence we have in the Board’s stewardship. Instead, we believe the Board should concentrate its efforts on undertaking a strategic review of assets with an external advisor with a view to unlocking the intrinsic value of the Company that, despite positive operating performance and outlook, the Company’s share price persistently fails to reflect. 

We remain eager to continue to engage in open dialogue with the Company. 

Sincerely,

/s/

Anthony R. Melchiorre

Managing Member

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SOURCE Chatham Asset Management, LLC

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SuperCom to Report Second Quarter 2021 Financial Results on August 10, 2021

PR Newswire

TEL AVIV, Israel, July 28, 2021 /PRNewswire/ — SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, will hold a conference call on Tuesday, August 10, 2021 at 8:30 a.m. Eastern time (5:30 a.m. Pacific Time / 3:00 p.m. IL time) to discuss its financial results for the second quarter 2021 ended June 30, 2021. Financial results will be issued in a press release prior to the call.

SuperCom management will host the conference call, followed by a question and answer period.

Conference Call Dial-In Information:

Date:
Tuesday, August 10, 2021

Time:
8:30 a.m. Eastern time (5:30 a.m. Pacific time)
U.S. toll-free: 877-545-0320 (Passcode: 514587)
Israel toll-free: 1-809-423-853 (Passcode: 514587)
International: 973-528-0016

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization.


About SuperCom

Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation. For more information, visit www.supercom.com.

SuperCom IR Contact:

[email protected]

 

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SOURCE SuperCom Ltd

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DEADLINE NEXT WEEK: Investors with Substantial Losses Have Opportunity to Lead the Frequency Therapeutics, Inc. Class Action Lawsuit – FREQ

DEADLINE NEXT WEEK: Investors with Substantial Losses Have Opportunity to Lead the Frequency Therapeutics, Inc. Class Action Lawsuit – FREQ

SAN DIEGO–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLP announces that a class action lawsuit has been filed on behalf of purchasers of Frequency Therapeutics, Inc. (NASDAQ: FREQ) common stock between November 16, 2020 and March 22, 2021, inclusive (the “Class Period”). The Frequency Therapeutics class action lawsuit charges Frequency Therapeutics and certain of its executives with violations of the Securities Exchange Act of 1934. The Frequency Therapeutics class action lawsuit (Evans v. Frequency Therapeutics, Inc., No. 21-cv-10933) was filed in the District of Massachusetts and is assigned to Judge William G. Young. A similar lawsuit, captioned Hingston v. Frequency Therapeutics, Inc., No. 21-cv-11040, is also pending in the District of Massachusetts.

If you suffered substantial losses and wish to serve as lead plaintiff of the Frequency Therapeutics class action lawsuit, please provide your information by clicking here. You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected]. Lead plaintiff motions for the Frequency Therapeutics class action lawsuit must be filed with the court no later than August 2, 2021.

CASE ALLEGATIONS: The Frequency Therapeutics class action lawsuit alleges that, shortly after launching the Phase FX-322 2a trial, Frequency Therapeutics and its Chief Executive Officer, defendant David L. Lucchino, learned that the Phase 2a trial results revealed no discernable difference between FX-322 and the placebo. The Frequency Therapeutics class action lawsuit further alleges that, while Frequency Therapeutics’ stock price remained artificially inflated, defendant Lucchino sold over 350,000 Frequency Therapeutics shares, pocketing over $10.5 million.

On March 23, 2021, Frequency Therapeutics disclosed deeply disappointing interim Phase 2a results, revealing that subjects with mild to moderate severe sensorineural hearing loss did not demonstrate improvements in hearing measures versus placebo. On this news, Frequency Therapeutics’ stock price fell by nearly 78%, damaging investors.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Frequency Therapeutics common stock during the Class Period to seek appointment as lead plaintiff in the Frequency Therapeutics class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Frequency Therapeutics class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Frequency Therapeutics class action lawsuit. An investor’s ability to share in any potential future recovery of the Frequency Therapeutics class action lawsuit is not dependent upon serving as lead plaintiff.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP:With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions. Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering $1.6 billion for investors last year, more than double the amount recovered by any other securities plaintiffs’ firm. Please visit https://www.rgrdlaw.com/firm.html for more information.

Attorney advertising.

Past results do not guarantee future outcomes.

Services may be performed by attorneys in any of our offices.

Robbins Geller Rudman & Dowd LLP

655 W. Broadway, San Diego, CA 92101

J.C. Sanchez, 800-449-4900

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Legal Professional Services

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JRVR NOTICE: Investors with Substantial Losses Have Opportunity to Lead the James River Group Holdings, Ltd. Class Action Lawsuit

JRVR NOTICE: Investors with Substantial Losses Have Opportunity to Lead the James River Group Holdings, Ltd. Class Action Lawsuit

SAN DIEGO–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLP announces that purchasers of James River Group Holdings, Ltd. (NASDAQ: JRVR) common stock between August 1, 2019 and May 5, 2021, inclusive (the “Class Period”) have until September 7, 2021 to seek appointment as lead plaintiff in the James River Group class action lawsuit. The James River Group class action lawsuit charges James River Group and certain of its top executives with violations of the Securities Exchange Act of 1934. The James River Group class action lawsuit is captioned Employees’ Retirement Fund of the City of Fort Worth dba Fort Worth Employees’ Retirement Fund v. James River Group Holdings, Ltd., No. 21-cv-00444, was commenced on July 9, 2021 in the Eastern District of Virginia, and is assigned to Judge M. Hannah Lauck.

If you wish to serve as lead plaintiff of the James River Group class action lawsuit, please provide your information by clicking here. You can also contact attorney J.C. Sanchezof Robbins Geller by calling 800/449-4900 or via e-mail at [email protected]. Lead plaintiff motions for the James River Group class action lawsuit must be filed with the court no later than September 7, 2021.

CASE ALLEGATIONS: In 2014, James River Group ramped up its Commercial Auto Division by underwriting a new type of insurance policy that covered Rasier LLC (“Rasier”), a subsidiary of the ride-sharing company Uber Technologies, Inc. (together with Rasier, “Uber”).

The James River Group class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) James River Group had not adequately reserved for its Uber policies; (ii) James River Group was using an incorrect methodology for setting reserves that materially understated James River Group’s true exposure to Uber claims; (iii) as a result, James River Group was forced to increase its unfavorable reserves in subsequent quarters even after cancelling the Uber policies; and (iv) consequently, defendants’ statements about James River Group’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

On October 8, 2019, James River Group announced that it had delivered a notice of early cancellation for all insurance policies issued to Uber, though James River Group would remain contracted to provide coverage for future claims related to the period James River Group’s Uber policies were in effect (known as “runoff”). James River Group stated that “[the Uber] account ha[d] not met our expectations for profitability.” On this news, James River Group’s stock price declined more than 22%.

Then, on May 5, 2021, after alleged assurances to investors that the legacy contract posed no challenges, James River Group disclosed an additional $170 million of unfavorable reserves related to the Uber policies. On a related conference call, James River Group revealed that the increase was due to a change from using “industry data, pricing data, experience data, average claim severity data, and blended methodologies” to “using only our own loss experience in our paid and incurred reserve projections . . . [to calculate] a better and more conservative estimate of ultimate losses on this account.” Simultaneously, to cover its losses, James River Group announced that it was seeking to raise $175 million through a public equity offering, which was priced at “the sector’s steepest discount ever” according to Bloomberg. On this news, James River Group’s stock price fell an additional 26%, further damaging investors.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased James River Group common stock during the Class Period to seek appointment as lead plaintiff in the James River Group class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the James River Group class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the James River Group class action lawsuit. An investor’s ability to share in any potential future recovery of the James River Group class action lawsuit is not dependent upon serving as lead plaintiff.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions. Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering $1.6 billion for investors last year, more than double the amount recovered by any other securities plaintiffs’ firm. Please visit https://www.rgrdlaw.com/firm.html for more information.

Attorney advertising.

Past results do not guarantee future outcomes.

Services may be performed by attorneys in any of our offices.

Robbins Geller Rudman & Dowd LLP

655 W. Broadway, San Diego, CA 92101

J.C. Sanchez, 800-449-4900

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Legal Professional Services

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OTLY NOTICE: Investors with Substantial Losses Have Opportunity to Lead the Oatly Group AB Class Action Lawsuit

PR Newswire

SAN DIEGO, July 28, 2021 /PRNewswire/ — The Oatly class action lawsuit charges Oatly Group AB (NASDAQ: OTLY) and certain of its top executives and directors with violations of the Securities Exchange Act of 1934 and seeks to represent purchasers of Oatly American Depository Shares (“ADSs”) between May 20, 2021 and July 15, 2021, inclusive (“Class Period”).  The Oatly class action lawsuit was commenced on July 26, 2021 in the Southern District of New York and is captioned Jochims v. Oatly Group AB, No. 21-cv-06360.

If you wish to serve as lead plaintiff of the Oatly class action lawsuit, please provide your information by clicking here.  You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].  Lead plaintiff motions for the Oatly class action lawsuit must be filed with the court no later than September 24, 2021.

CASE ALLEGATIONS: The Oatly class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Oatly overinflated its gross margins, revenue, capital expenditure, and market share financial metrics; (ii) Oatly overstated its sustainability practices and impact; (iii) Oatly exaggerated its growth in China; and (iv) as a result, Oatly’s statements about its operations, business, and prospects were misleading during the Class Period.

On July 14, 2021, short seller Spruce Point Capital Management issued a report entitled, “Sour on an Oat-lier Investment.”  According to the Oatly class action lawsuit, Spruce Point brought to light a number of improprieties at Oatly, including improper accounting practices and greenwashing (making Oatly’s product appear more sustainable than it actually is), among other issues.  Over the next days, a number of media outlets reported on the Spruce Point report and its allegations about Oatly.  On this news, the price of Oatly ADSs fell nearly 9% over two trading days, damaging investors.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Oatly ADSs during the Class Period to seek appointment as lead plaintiff in the Oatly class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Oatly class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Oatly class action lawsuit.  An investor’s ability to share in any potential future recovery of the Oatly class action lawsuit is not dependent upon serving as lead plaintiff. 

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions.  Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.  The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering $1.6 billion for investors last year, more than double the amount recovered by any other securities plaintiffs’ firm.  Please visit https://www.rgrdlaw.com/firm.html for more information. 

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Contact:
            Robbins Geller Rudman & Dowd LLP
            655 W. Broadway, San Diego, CA  92101 
            J.C. Sanchez, 800-449-4900
            [email protected]

Cision View original content:https://www.prnewswire.com/news-releases/otly-notice-investors-with-substantial-losses-have-opportunity-to-lead-the-oatly-group-ab-class-action-lawsuit-301342716.html

SOURCE Robbins Geller Rudman & Dowd LLP

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Thinking about buying stock in electroCore, General Electric, Gaotu Techedu, New Oriental Education, or Abeona Therapeutics?

PR Newswire

NEW YORK, July 28, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for ECOR, GE, GOTU, EDU, and ABEO.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/thinking-about-buying-stock-in-electrocore-general-electric-gaotu-techedu-new-oriental-education-or-abeona-therapeutics-301343194.html

SOURCE InvestorsObserver