Avon Grows Business and Cuts Bad Debt in Brazil with Cloud-Hosted FICO Decisioning Platform

One of the world’s biggest and most recognizable direct selling companies wins FICO® Decisions Award for cloud deployment using FICO® Platform

PR Newswire

SÃO PAULO, April 5, 2021 /PRNewswire/ —

Highlights:

  • Avon reduces its representatives’ bad debt indicators by 72% using FICO® Platform from 2018 to 2020
  • Avon automates 90% of individual credit limit increase requests made by representatives
  • Avon won a 2021 FICO® Decisions Award for cloud deployment

Avon, part of the Natura & Co Group and one of the largest direct selling companies in the world, has used the FICO® Platform to improve its credit granting in Brazil, reducing its representatives’ bad debt indicators by 72 percent. Avon was also able to automate 90 percent of limit increase requests made by sales representatives. This action had a positive impact, leading to an increase in the number of active representatives who started buying products in every campaign. Importantly, the user-friendly nature of the platform allows credit managers to implement policies themselves in a matter of hours.

More information: https://www.fico.com/en/platform

Before the implementation, the company had been experiencing issues with high levels of default by its representatives, especially on first orders. One of the key issues was that the systems in place were operating in silos and credit policy was based on regions instead of being individualized. It became clear that the existing infrastructure would not be able to offer Avon the agility, interoperability, and decision quality it needed.

“One of the biggest challenges we helped solve for Avon on this project was the extraction of data from the previous system, which was not built to work with data intelligence,” said Alexandre Graff, FICO vice president and general manager for Latin America. “This was solved by dividing the project into stages as we integrated new tools, migrated databases and integrated third party solutions such as Salesforce. The move to a modern cloud-based credit decision engine has delivered Avon a significant business boost.”

By deploying the FICO system on the cloud, Avon was able to create intelligent rules driven by data, deliver business users increased autonomy to calibrate policy with less dependence on the IT team, and produce an audit trail that tracked the changes made.

The flexibility of the system was a great benefit to Avon. Policy changes that used to take up to six months to complete due to the workload of its IT department can now be completed in a few hours by the credit team.

Using the capabilities on the FICO® Platform, Avon was able to run champion/challenger tests on policy changes, score credit applications, create contingency plans and integrate directly with applications such as Salesforce. Through the connection with Salesforce, Avon has been able to automate 90 percent of individual credit limit increase requests.

The Avon toolset includes FICO® Decision Modeler – Cloud Edition, FICO® Model Translator, FICO® Application Studio SaaS and of course FICO® Decision Management Platform – Cloud Edition

“Avon has undertaken a transformational and comprehensive cloud deployment,” said Nikhil Behl chief marketing officer at FICO. “Avon is a great example of how organizations can optimize and automate critical business functions such as the credit granting process, to make them faster, safer and more efficient.”

For its achievements, Avon won a 2021 FICO® Decisions Award for Cloud Deployment.

“The Avon story is really remarkable,” said René Javier Guzmán, market & liquidity risks director at Banreservas and one of the FICO Decisions Awards judges. “The scale and geography of a market like Brazil delivers many challenges, such as attempting to assess someone without a face-to-face meeting and needing to rely on data alone. The judges were impressed with the level of automation and decision transformation achieved in a year by Avon, and the way company cultivated its relationship with its representatives.”

The FICO® Platform provides the ideal decisioning foundation companies need to successfully achieve digital transformation. It provides unprecedented insight into customers’ immediate and future needs by eliminating data silos and enabling interoperability between enterprise applications. FICO was named a leader by Forrester Research in The Forrester Wave™: Digital Decisioning Platforms, Q4 2020.

About Avon
Avon, part of the Natura & Co Group since 2020, is one of the largest direct selling companies in the world. Founded in 1886, it works to raise self-esteem, democratize beauty and promote female entrepreneurship. Since starting operations in Brazil in 1958, it has grown a salesforce of around 1.3 million representatives. Avon is more than a beauty company: it is a global movement for women’s autonomy, with a business model anchored in innovation, the generation of opportunities and the expansion of entrepreneurial skills, with the objective of strengthening economies and positively impacting society.

Its diverse portfolio includes innovative and high-tech products, with world-renowned brands such as Avon and Color Trend makeup lines, personal care lines Renew and Avon Care and the perfumes Far Away and 300km. In addition, the Avon magazine also offer several Fashion & Home items.

For more information about Avon, visit the website: www.avon.com.br

About the FICO® Decisions Awards
The FICO Decisions Awards recognize organizations that are achieving remarkable success using FICO solutions. A panel of independent judges with deep industry expertise evaluates nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. The 2021 judges are:

  • Prasanna Dhoré, chief data & analytics and innovation officer, Equifax

  • David Dittmann,
    vice president, data & analytics, P&G (2019 winner)
  • René Javier Guzmán, market & liquidity risks director at Banreservas (2019 winner)

  • Tomas Klinger,
    decision science and data director at Home Credit (2019 winner)
  • Marcel Le Gouais, managing editor at Credit Strategy

  • Tiffani Montez,
    banking analyst at Aite

  • Lisa Morgan,
    journalist & analyst at InformationWeek

  • Ignazio Provinzano,
    head of risk operations at Swisscard (2019 winner)

The winners of the FICO Decisions Awards will be spotlighted at and win tickets to FICO® World 2021, the Decisions Conference, November 2021 in Orlando, Florida.

About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, manufacturing, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 120 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

FICO is a registered trademark of Fair Isaac Corporation in the US and other countries.

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SOURCE FICO

ALLETE Highlights Sustainability in Action in Enhanced Sustainability Report

ALLETE Highlights Sustainability in Action in Enhanced Sustainability Report

DULUTH, Minn.–(BUSINESS WIRE)–
ALLETE Inc. has released its 2020 corporate sustainability report highlighting the company’s performance related to energy and the environment, social responsibility, and best-practices governance.

The enhanced 2020 report includes both a narrative and supporting metrics compiled in accordance with industry guidance on climate-related financial disclosures and sustainability accounting standards. The “2020 Corporate Sustainability Report: People. Planet. Prosperity” makes it easier for investors and other interested individuals and entities to review the progress, accomplishments, opportunities and goals of ALLETE and its business units, ALLETE Clean Energy; BNI Energy; Minnesota Power; and Superior Water, Light and Power.

The report is available here and at https://www.allete.com/Sustainability

“ALLETE is putting sustainability into action while honoring our commitment to the climate, our customers and the communities we serve,” said Bethany Owen, ALLETE president and CEO. “Our strategy is robust and flexible, designed to reduce transitional and physical risks associated with climate change while advancing the clean-energy economy. ALLETE is well positioned to enhance and grow our companies by providing sustainable energy solutions to meet changing societal expectations and evolving regulations.”

Actions the company takes beyond reaching important environmental and climate goals also are critically important to how ALLETE views sustainability.

“Our view of sustainability includes supporting our customers and local communities to foster a healthy, equitable society,” Owen said. “Building strong communities goes hand-in-hand with caring for the environment. People, planet, and prosperity are part of who we are and what we do every day. This report highlights that view, a perspective that includes reducing our carbon profile, extensive community involvement, significant corporate giving and advocacy for the region, and a commitment to advance diversity, equity and inclusion.”

Highlights from ALLETE’s sustainability report:

  • Relative to its size, ALLETE is the second largest utility investor in renewable energy in the nation.
  • Minnesota Power has moved more quickly than any other Minnesota utility to add renewable energy. Minnesota Power began delivering 50% renewable energy to customers in late 2020, and a month later announced its vision to deliver 100% carbon-free energy by 2050. SWL&P receives its energy from Minnesota Power and shares in these carbon-reduction and climate goals.
  • ALLETE Clean Energy, ALLETE’s fastest-growing company, added two new wind projects in 2020 to increase its wind facility portfolio to more than 1,000 megawatts across seven states, and it has another 300-megawatt wind site under construction.
  • Minnesota Power’s total carbon emissions are projected to decrease by more than 50% from 2005 to 2021. Other emissions, SO2, NOx, and mercury, also have been substantially reduced.
  • ALLETE’s safety strategy has a sharpened focus on culture, systems, and awareness.
  • Corporate giving totaled more than $850,000 in 2020, providing significant benefits to the communities we serve.
  • More than 40% of ALLETE executive officers and over half of the ALLETE board of directors are women. Recently, Moody’s Investors Service identified ALLETE as having the most gender diverse board among 45 utility companies it examined for a report on board gender diversity at publicly traded North American utilities.
  • ALLETE is working to expand and partner with diverse suppliers including minority-owned, women-owned, veteran-owned, LGBT-owned, small economically disadvantaged businesses, HUBZone businesses, and disability-owned businesses so that our suppliers reflect the diversity of the communities we serve.

ALLETE’s corporate sustainability report was compiled in accordance with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and the TCFD Implementation Guide. Additional guidance and information were taken from the Sustainability Accounting Standards Board (SASB), as well as ALLETE’s Edison Electric Institute (EEI) Environmental, Social, and Governance (ESG) report.

ALLETE Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth, BNI Energy in Bismarck, N.D., and has an 8% equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com. ALE-CORP

The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.

Investor Contact:

Vince Meyer

Director Investor Relations

218-723-3952

[email protected]

Amy Rutledge

Manager Corporate Communications

218-723-7400

[email protected]

KEYWORDS: Minnesota United States North America

INDUSTRY KEYWORDS: Alternative Energy Energy Utilities Environment

MEDIA:

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INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Canoo Inc. (GOEV) Investors

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Canoo Inc. (GOEV) Investors

BENSALEM, Pa.–(BUSINESS WIRE)–
Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Canoo Inc. (“Canoo” or the “Company”) (NASDAQ: GOEV) f/k/a Hennessy Capital Acquisition Corp. IV (“Hennessy Capital”) securities between August 18, 2020 and March 29, 2021, inclusive (the “Class Period”). Canoo investors have until June 1, 2021 to file a lead plaintiff motion.

Investors suffering losses on their Canoo investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].

Canoo Holdings Ltd. (“Canoo Holdings”) was an electric vehicle company that touted a “unique business model that defies traditional ownership to put customers first.” It has announced a delivery vehicle (to launch in 2022), pickup truck (to launch in 2023), and van, all of which are built on the same underlying technological platform.

Hennessy Capital was a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination. On or about December 21, 2020, Canoo Holdings became a public entity via merger with Hennessy Capital, with the surviving entity named “Canoo.”

On March 29, 2021, after the market closed, Canoo revealed that the Company would no longer focus on its engineering services line, which had been touted in the SPAC merger documents just three months earlier and formed the basis of Canoo’s growth story.

On this news, the Company’s stock price fell $2.50, or 21.19%, to close at $9.30 per share on March 30, 2021, on unusually heavy trading volume.

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 Canoo had decreased its focus on its plan to sell vehicles to consumers through a subscription model; (2) that Canoo would de-emphasize its engineering services business; (3) that, contrary to prior statements, Canoo did not have partnerships with original equipment manufacturers and no longer engaged in the previously announced partnership with Hyundai; and (4) as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.

If you purchased Canoo securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

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

Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

888-638-4847

[email protected]

www.howardsmithlaw.com

KEYWORDS: United States North America Pennsylvania

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

Deem Wins Best Company Outlook Award from Comparably

Deem win is based on A+ score from anonymous employee ratings on company outlook and eNPS

Oakland, April 05, 2021 (GLOBE NEWSWIRE) — Deem, a leading mobile and cloud technology provider for the corporate travel industry, today announced it has been selected as a 2021 winner of the Best Company Outlook award from Comparably. Winners were chosen from tens of thousands of companies and selected based on anonymous employee feedback provided on the Comparably platform. 

Deem ranks in the top 5% of companies with fewer than 500 employees, based on staff members sharing their outlook, or confidence in the company’s future, and their likelihood of recommending Deem to friends, reflected in their employee net promoter score (eNPS). The high rankings reinforce Deem’s values of winning together, passion and drive, customer centered, and trust and transparency.

“Receiving this award from Comparably affirms the strength of our team and their belief in the travel technology we’re creating together,” said Deem President David Grace. “It also reveals our collective optimism in the travel industry. After an historically challenging year, our team is more passionate than ever about travel and making travel easier for everyone.”

To qualify for a Comparably award, companies must meet a minimum threshold of ratings from employees who have left anonymous public ratings on their company’s Comparably.com page within a 12-month period (March 2020 through March 2021).

  

About Comparably

Comparably (www.comparably.com) is a leading workplace culture and compensation monitoring site that provides the most comprehensive and accurate representation of what it’s like to work at companies. Employees can anonymously rate their employers in 20 workplace culture categories, providing the public a transparent and in-depth look at the experiences different segments of workers have based on gender, ethnicity, age, department, tenure, location, education and company size. Since launching in 2016, Comparably has accumulated 10 million ratings on 60,000 U.S. companies. The platform has become one of the fastest-growing SaaS solutions for employer branding and a trusted third-party site for workplace and salary data, most notably for its annual Best Places to Work series.

  

About Deem

Deem is on a mission to transform travel. Starring Etta, its mobile-first, corporate travel booking and management platform, Deem offers employees everything they need to easily make the right travel decisions for themselves and their company. Deem’s travel technology plugs into major travel agencies and expense solution providers, empowering more corporate customers and the world’s largest travel management companies.

Deem is a wholly owned and independently run subsidiary of Enterprise Holdings. The company is headquartered in Oakland, California, with offices in Dublin, Ireland and Bangalore, India. Learn more at Deem.com.

 



Diana Brandon
Deem
415-590-8414
[email protected]

DEADLINE ALERT for TSN and CLOV: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

LOS ANGELES, April 05, 2021 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.  Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to [email protected].

Tyson Foods, Inc. (NYSE: TSN)
Class Period: March 13, 2020 – December 15, 2020
Lead Plaintiff Deadline: April 5, 2021

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) Tyson knew, or should have known, that the highly contagious coronavirus was spreading throughout the globe; (2) Tyson did not in fact have sufficient safety protocols to protect its employees in its facilities; (3) as a result, Tyson employees contracted and spread the coronavirus within the facilities; (4) as a result of the foregoing, Tyson would face negative impact to its production, including complete shutdowns of certain facilities; (5) due to the failure to protect its employees, Tyson would suffer financial harm related to its lowered production; and (6) 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.

Clover Health Investments, Corp. (NASDAQ: CLOV, CLOVW)
Class Period: October 6, 2020 – February 4, 2021
Lead Plaintiff Deadline:   April 6, 2021

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company’s Clover Assistant platform was under active investigation by the DOJ for at least 12 issues ranging from kickbacks to marketing practices to undisclosed third-party deals; (2) the DOJ’s investigation presented an existential risk to the Company, since it derives most of its revenues from Medicare; (3) Clover’s sales were driven by a major undisclosed related party deal and misleading marketing targeting the elderly, not its purported “best-in-class” technology; (4) a significant portion of Clover’s sales were by way of an undisclosed relationship between Clover and an outside brokerage firm controlled by Clover’s Head of Sales; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

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

To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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

Contacts

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



Florida Cancer Specialists & Research Institute Welcomes Dr. Charmion Patton as Senior Vice President

New position will advance culture and diversity initiatives

Fort Myers, Fla., April 05, 2021 (GLOBE NEWSWIRE) — Florida Cancer Specialists & Research Institute (FCS) is pleased to welcome Charmion Patton, EdD, PHR as Senior Vice President of People & Culture. In this newly created role, Dr. Patton will oversee the development of strategic and innovative culture initiatives to attract, engage and develop the FCS workforce, encompassing recruitment, organizational design, performance management, total rewards and HR compliance. She will also serve as the company’s Diversity & Inclusion Officer.  

“Dr. Patton will play a critical role in advancing our FCS commitment to becoming an employer of choice,” said FCS CEO Nathan H. Walcker. “In partnership with executive and senior leaders, she will help ensure that our business decisions and actions set the stage for team member success and engagement.”

“What stood out to us about Dr. Patton is that she is an inspiring and transformational leader,” added Joyce Nelson, FCS Chief Administrative Officer. “She is well suited to lead our strategic initiatives that will further strengthen our culture and team member experience and cultivate expanded opportunities for personal and professional growth.”  

Dr. Patton joins FCS with 20 years of leadership-level experience that has spanned a range of national and international organizations. Most recently, she served as Director of Human Resources for Planned Parenthood of Northern California and Vice President, Human Resources & Education at Dignity Health- Mercy Medical Center.  In her prior roles, Dr. Patton provided strategic HR leadership and counsel in positions of increasing responsibility with Seton Medical Center of Verity Health System in Daly City, CA and with Price Waterhouse Coopers in San Francisco, CA, as well as other health care systems and physician groups along the Pacific coast.

Dr. Patton holds a Doctorate in Education with a focus on Organizational Development & Leadership from Grand Canyon University in Phoenix, AZ, where she earned her MS in Leadership & Culture Change as a Deans Honor Recipient from the Ken Blanchard College of Business. She holds a Bachelor of Arts in Management & Human Relations from Trevecca Nazarene University in Nashville, TN.  

 Her numerous professional certifications include Professional Human Resources (PHR), Benefits Administration and collective bargaining negotiations.  

# # #

 
About Florida Cancer Specialists & Research Institute
Recognized by the American Society of Clinical Oncology (ASCO) with a national Clinical Trials Participation Award, Florida Cancer Specialists & Research Institute (FCS) offers patients access to more clinical trials than any private oncology practice in Florida. Over the past 5 years, the majority of new cancer drugs approved for use in the U.S. were studied in clinical trials with Florida Cancer Specialists participation.* Trained in such prestigious medical schools and research institutes as Duke, Stanford, Harvard, Emory, MD Anderson, and Memorial Sloan Kettering, our physicians are consistently ranked nationally as Top Doctors by U.S. News & World Report.

Florida Cancer Specialists has built a national reputation for excellence that is reflected in exceptional and compassionate patient care, driven by innovative clinical research, cutting-edge technologies, and advanced treatments, including targeted therapies, genomic-based treatment, and immunotherapy. Our values are embodied by our outstanding team of highly trained and dedicated physicians, clinicians, and staff.

*Prior to approval

Attachment



Michelle Robey, Vice President of Marketing
Florida Cancer Specialists
(813) 767-9398
[email protected]

Maryalice Keller, Corporate Communications Manager
Florida Cancer Specialists
(585) 314-0172
[email protected]

DEADLINE ALERT for BLUE, EH, and JT: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

LOS ANGELES, April 05, 2021 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to [email protected].

bluebird bio, Inc. (NASDAQ: BLUE)
Class Period:  May 11, 2020 – November 4, 2020
Lead Plaintiff Deadline: April 13, 2021

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) data supporting bluebird’s BLA submission for LentiGlobin for SCD was insufficient to demonstrate drug product comparability; (2) Defendants downplayed the foreseeable impact of disruptions related to the COVID-19 pandemic on the Company’s BLA submission schedule for LentiGlobin for SCD, particularly with respect to manufacturing; (3) as a result of all the foregoing, it was foreseeable that the Company would not submit the BLA for LentiGlobin for SCD in the second half of 2021; and (4) 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.

EHang Holdings Limited (NASDAQ: EH)
Class Period: December 12, 2019 – February 16, 2021
Lead Plaintiff Deadline: April 19, 2021


Shareholders with $10,000 losses or more are encouraged to contact the firm

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company’s purported regulatory approvals in Europe and North America for its EH216 were for use as a drone, and not for carrying passengers; (2) its relationship with its purported primary customer is a sham; (3) EHang has only collected on a fraction of its reported sales since its ADS began trading on NASDAQ in December 2019; (4) the Company’s manufacturing facilities were practically empty and lacked evidence of advanced manufacturing equipment or employees; and (5) as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.

Jianpu Technology, Inc. (NYSE: JT)
Class Period: May 29, 2018 – February 16, 2021
Lead Plaintiff Deadline: April 19, 2021

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that certain of the Company’s transactions carried out by the Credit Card Recommendation Business Unit involved undisclosed relationships or lacked business substance; (2) that, as a result, Jianpu’s revenue and costs and expenses for fiscal 2018 and 2019 were overstated; (3) that there were material weaknesses in Jianpu’s internal control over financial reporting; (4) that, as a result of the foregoing, the Company’s fiscal 2018 Form 20-F was reasonably likely to be restated; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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

To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com.  If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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

Contacts

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



DEADLINE ALERT for IMVT, EBIX, APA, and MPLN: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

LOS ANGELES, April 05, 2021 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.  Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to [email protected].

Immunovant, Inc. (NASDAQ: IMVT)
Class Period: October 2, 2019 – February 1, 2021
Lead Plaintiff Deadline: April 20, 2021

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) HSAC had performed inadequate due diligence into Legacy Immunovant prior to the Merger, and/or ignored or failed to disclose safety issues associated with IMVT-1401; (2) IMVT-1401 was less safe than the Company had led investors to believe, particularly with respect to treating TED and WAIHA; (3) the foregoing foreseeably diminished IMVT-1401’s prospects for regulatory approval, commercial viability, and profitability; and (4) 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.

Ebix, Inc. (NASDAQ: EBIX)
Class Period: November 9, 2020 – February 19, 2021
Lead Plaintiff Deadline: April 23, 2021

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 there was insufficient audit evidence to determine the business purpose of certain significant unusual transactions in Ebix’s gift card business in India during the fourth quarter of 2020; (2) that there was a material weakness in the Company’s internal controls over the gift or prepaid revenue transaction cycle; and (3) that the Company’s independent auditor was reasonably likely to resign over disagreements with Ebix regarding $30 million that had been transferred into a commingled trust account of Ebix’s outside legal counsel; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Apache Corporation (NASDAQ: APA)
Class Period: September 7, 2016 – March 13, 2020
Lead Plaintiff Deadline: April 26, 2021


Shareholders with $400,000 losses or more are encouraged to contact the firm

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Apache intentionally used unrealistic assumptions regarding the amount and composition of available oil and gas in Alpine High; (2) Apache did not have the proper infrastructure in place to safely and/or economically drill and/or transport those resources even if they existed in the amounts purported; (3) these misleading statements and omissions artificially inflated the value of Apaches operations in the Permian Basin; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

MultiPlan Corporation f/k/a Churchill Capital Corp. III (NYSE: MPLN)
Class Period: July 12, 2020 – November 10, 2020
Lead Plaintiff Deadline: April 26, 2021

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that MultiPlan was losing tens of millions of dollars in sales and revenues to Naviguard, a competitor created by one of MultiPlan’s largest customers, UnitedHealthcare, which threatened up to 35% of MultiPlan’s sales and 80% of its levered cash flows by 2022; (2) that sales and revenue declines in the quarters leading up to the Merger were not due to “idiosyncratic” customer behaviors as represented, but rather due to a fundamental deterioration in demand for MultiPlan’s services and increased competition, as payors developed competing services and sought alternatives to eliminating excessive healthcare costs; (3) that MultiPlan was facing significant pricing pressures for its services and had been forced to materially reduce its take rate in the lead up to the Merger by insurers, who had expressed dissatisfaction with the price and quality of MultiPlan’s services and balanced billing practices, causing MultiPlan to cut its take rate by up to half in some cases; (4) that, as a result of the foregoing, MultiPlan was set to continue to suffer from revenues and earnings declines, increased competition and deteriorating pricing dynamics following the Merger; (5) that, as a result of the foregoing, MultiPlan was forced to seek continued revenue growth and to improve its competitive positioning through pricey acquisitions, including through the purchase of the healthcare technology company HST for $140 million at a premium price from a former MultiPlan executive only one month after the Merger; and (6) that, as a result of the foregoing, Churchill III investors had grossly overpaid for the acquisition of MultiPlan in the Merger, and MultiPlan’s business was worth far less than represented to investors.

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To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com.   If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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

Contacts

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



Jupiter Welcomes Marc Lehmann as Head of Business Development and Partnerships – Europe

Lehmann Will Oversee Jupiter’s UK & European Expansion

SAN MATEO, Calif., April 05, 2021 (GLOBE NEWSWIRE) — Jupiter, the global leader in climate analytics for resilience and risk management, announced today that industry veteran Marc Lehmann had joined the company as Head of Business Development and Partnerships – UK/Europe. In his new role, Lehmann will spearhead Jupiter’s ongoing expansion in UK/European markets.

“European multinationals are sophisticated when it comes to climate-related risk,” said Rich Sorkin, CEO of Jupiter. “Marc’s deep expertise in insurance and cat risk in European markets and track record of growing new businesses make him the ideal person to guide Jupiter’s first wave of geographic expansion outside of the United States, building on our existing relationships with Zurich Insurance Group, BP and several others across the continent.”

Prior to joining Jupiter, Lehmann served as Director within the Climate Risk and Decarbonization Strategy group at KPMG in London, following several senior level roles within the insurance sector including Head of Client Service Development at AIG, and Global Head of Catastrophe Risk Management for corporate clients at Willis Towers Watson.

“Climate change continues to dominate the risk agenda at board level for many major corporate and financial services organisations in the UK/Europe and there is an ever growing need for focused analytics to help firms identify, quantify and manage these risks,” Lehmann said. “Nobody is addressing physical climate risk as comprehensively and effectively as Jupiter, which is why I’m so thrilled to be joining them now.”

About Jupiter

Jupiter is the global market, science, and technology leader in physical climate analytics for risk management and resiliency planning. Its analytics are used across the private and public sectors: customers include at least one of the world’s five largest firms in asset management, banking, chemicals, insurance, minerals and mining, oil and gas, reinsurance, pharmaceuticals, and power—as well as critical departments and agencies within both the United States government and climate-change-vulnerable geographies around the world. Jupiter’s ClimateScore™ Intelligence Platform provides sophisticated, dynamic, hyper-local, current- hour-to-50-plus-year probabilistic risk analysis for weather in a changing climate. The company’s FloodScore™, HeatScore™, WindScore™, FireScore™, and ClimateScore Global™ services are used for climate-related risk assessment and management worldwide. Jupiter’s models are based on the latest science, as developed by the global Earth and Ocean Systems science community.

Jupiter offers commercial services to asset owners in critical infrastructure, financial services including insurance, banking and asset management, energy and real estate, and the public sector. These customers use Jupiter services for a broad range of applications, including capital planning, risk management, site selection, design requirements, supply chain management, investment and asset valuations, and shareholder disclosures. For more information, please visit jupiterintel.com.

Media Contact:

Hugh Moore
Broadsheet Communications
202-471-0661
[email protected]



Barrick and Papua New Guinea Progress Porgera Negotiations

TORONTO, April 05, 2021 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) notes the statement released by Papua New Guinea prime minister James Marape announcing an imminent agreement to reopen Porgera mine. Barrick and the Government of Papua New Guinea have continued to hold constructive discussions on a framework agreement for the recommissioning of Porgera, which has been on care and maintenance since April 2020.

The agreement under discussion is in line with the principles announced in October, providing for a joint venture between Barrick Niugini Limited (BNL) and the government of PNG to operate Porgera going forward on the basis of increased PNG ownership and a fair sharing of economic benefits. BNL would continue as the operator of the mine. We remain hopeful that we will reach agreement with the PNG Government on a long-term partnership that will see the reopening of Porgera in the near future.

A further statement will be issued once a final agreement is achieved.

About Porgera

The Porgera Joint Venture is an open pit and underground gold mine located at an altitude of 2,200-2,600 metres in the Enga Province of Papua New Guinea, about 600 kilometres north-west of Port Moresby.  BNL is a joint venture company in which Barrick and Zijin Mining Group each own 50%.

Enquiries:

Kathy du Plessis
Investor and Media Relations
+44 20 7557 7738
Email: [email protected]

Website:
www.barrick.com

Cautionary Statement on Forward-Looking Information

Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “progress”, “negotiations”, “imminent”, “continue”, “discussion”, “expect”, “will”, “would”, “remain”, “future” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: the statement released by Papua New Guinea Prime Minister James Marape announcing an imminent agreement to reopen the Porgera mine; the status of discussions with the government of Papua New Guinea to reopen the Porgera mine and resume production in line with the agreement in principle announced in October 2020, and the expected terms and timeline to finalize the proposed framework agreement; the duration of the temporary suspension of operations at Porgera; Barrick and BNL’s response to the government of Papua New Guinea’s decision not to extend Porgera’s special mining lease; and expectations regarding financial performance and other outlook or guidance.

Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper or certain other commodities (such as silver, diesel fuel, natural gas and electricity); the speculative nature of mineral exploration and development; changes in mineral production performance, exploitation and exploration successes; risks associated with projects in the early stages of evaluation and for which additional engineering and other analysis is required; disruption of supply routes which may cause delays in construction and mining activities at Barrick’s more remote properties; diminishing quantities or grades of reserves; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges and disruptions in the maintenance or provision of required infrastructure and information technology systems; failure to comply with environmental and health and safety laws and regulations; non-renewal of key licences by governmental authorities, including non-renewal of Porgera’s Special Mining Lease; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments in Papua New Guinea; timing of receipt of, or failure to comply with, necessary permits and approvals; lack of certainty with respect to foreign legal systems, corruption and other factors that are inconsistent with the rule of law; risks associated with illegal and artisanal mining; risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic; damage to the Company’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company’s handling of environmental matters or dealings with community groups, whether true or not; the possibility that future exploration results will not be consistent with the Company’s expectations; risks that exploration data may be incomplete and considerable additional work may be required to complete further evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; litigation; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; business opportunities that may be presented to, or pursued by, the Company; risks associated with working with partners in jointly controlled assets; employee relations including loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; and availability and increased costs associated with mining inputs and labor. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).

Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release.

We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.