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Submit your application to the 2021 Alizés Awards at

lesprixalizesawards.ca

SAINTE-JULIE, Quebec, April 07, 2021 (GLOBE NEWSWIRE) — The Group Export Agri-Food is pleased to announce the opening of the application period for the 2021 Alizés Awards, presented by FCC. Canadian agri-food exporters have until June 19, 2021 to apply in either of two categories: Small to Medium-Sized Enterprises, reserved for companies with revenues of less than 50 million dollars, and Large company, for those with revenues of 50 million dollars or more. The winners will be unveiled in September 2021 in conjunction with SIAL Canada.

“Despite the current context, it was imperative for us to recognize the achievements of an industry that has been put to the test over the past year and that has brilliantly risen to the challenge. Canadian exports are increasing, proof that the industry knows how to adapt and face headwinds. The Alizés Awards take on a very special meaning this year,” explains Martin Lavoie, President and CEO of Group Export.

Known in English as trade winds, the Alizés refer to the winds which have helped establish the main maritime trade routes between continents over the centuries and linked Canada to foreign markets. They highlight the excellence of the work accomplished by Canadian agri-food companies that have distinguished themselves in international markets through impressive growth, innovative marketing strategies or structuring consolidation actions.

“I am looking forward to read the applications again this year,” says Louis Turcotte, senior director, corporate and commercial financing at FCC and Chair of the jury. “Every year, companies impress us with their inventiveness and perseverance. I am convinced that the next candidates will be no exception.”

Canadian agri-food exporters are invited to visit lesprixalizesawards.ca to register and receive their application form. The application period will close on June 19, 2021 at 5:00 pm EDT.

The Group Export would like to thank, in addition to FCC, the Government of Canada, the Government of Quebec, Inno-Centre, L’Actualité alimentaire, Agro-Québec and SIAL Canada for their support and their contribution to the Alizés Awards.

About the Group Export Agri-Food
With over 500 members, the Group Export Agri-Food is the largest association of agri-food exporters in Canada. Created in 1990, the Association has, over the years, developed several services and initiated hundreds of activities to facilitate market access outside Quebec and internationally for agri-food exporters in Quebec. A privileged link between exporters and markets, an essential bridge between the public sector and the industry, the Association works daily to increase the presence of Quebec products around the world.

To receive more information or to arrange for an interview with an Export Group representative, please contact:

Claudia Charuest

Communications Director
Group Export Agri-Food
450-649-6266, ext. 217
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af759e21-23df-49b3-b690-840be9039c23

HARRISBURG, Pa., April 07, 2021 (GLOBE NEWSWIRE) — D&H Distributing, a major provider of SMB and consumer technologies to the North American high-tech channel, announces it has been recognized by multiple IT industry and channel media companies in both the US and Canada in the past six months, making a strong showing as the company moves forward in 2021. Notably, the company climbed three spots on the Forbes’ List of America’s Largest Private Companies to #103. In addition, the distributor won Top Benchmark Survey Broadline Distributor for 2020 in the ASCII Group’s annual distribution survey. D&H also added a new executive to the ranks of its CRN Channel Chiefs winners for a total of four honorees this year. The distributor won a Top Display Distribution Growth % award from Samsung, and came in second place in eChannelNEWS’ “Reseller Choice Awards” for Best Specialty Distributor.

As a result of the merger of IT distributors Tech Data and Synnex in March of this year, D&H is positioned to become the third-largest broadline distributor in this market. These accolades demonstrate how responsive D&H has been to the escalating needs of its partner base, providing critical support and effective services as the industry adjusts to the ongoing rigors of COVID-19.

“We’re honored to be recognized by our partners and manufacturers, in addition to the vital media organizations that cover our marketplace, especially in such an unprecedented year. The awards are a testament to D&H’s ability to meet demands in a complicated market through our customer-centric service model,” said D&H Co-President Dan Schwab. “We’ve worked tirelessly to accelerate our services over the last decade, resulting in recent product sales growth that is four times that of the general distribution market. The goal was to not only help our partners weather COVID-19, but to cultivate new opportunities, complement their offerings, and help position them to excel.”

“D&H has historically helped SMB partners grow and move up-market as business opportunities arise. We have also seen great success in supporting the needs of many larger, mid-market solution providers. These partners are drawn to D&H’s ability to provide exceptional business experiences and outcomes,” said D&H Co-President Michael Schwab. “We’ve made key investments in the past 24 months, from a new corporate campus with advanced technical resources, state-of-the-art training facilities, to expansive marketing resources, to the extension of $225 million per month in downstream credit extensions for partners. These actions, along with the hiring of many talented individuals, have equipped D&H to scale with the market, and to sustain an ongoing trajectory of double digit-growth. We are thankful to the many manufacturers and channel partners who trust D&H each and every day to deliver their products, services, and solutions.”

Details of the above honors are as follows:

#103 on Forbes’ List of America’s Largest Private Companies 2020: D&H rose three spots this year, placing just outside the top 100 on this esteemed list of corporations. Based on revenues, D&H Distributing ranked higher than household names such as Hallmark, New Balance, 84 Lumber, Petco, J Crew, and Neiman Marcus. The distributor is one of only 11 companies from its home state of Pennsylvania to make the list, ranked as the fifth-highest company in the state, up from sixth-highest in 2019. Of those five top PA businesses, D&H is the only one with fewer than 1,500 employees to achieve this position. As a front-runner on this list, D&H is in the company of American institutions like Hearst, Pricewaterhouse-Coopers, Mars, SC Johnson, Ernst & Young, and Cargill.

“Top Benchmark Survey Broadline Distributor” 2020 -The ASCII Group’s Annual Distribution Survey: D&H has been voted Top Benchmark Broadline Distributor in The ASCII Group’s Annual Distribution Survey, outpacing other broadline distributors in this report for the 12^th year running—as many years as the survey has been conducted. D&H won or tied 10 of the survey’s 17 criteria areas, winning outright in 7 categories and tying 3 others. Winners were chosen by channel resellers, solution providers, and managed service providers who sell into the small and medium business marketplace across the country, a profile that makes up the majority of D&H’s customer base. D&H scored consistent high marks since last year in categories including timely shipment, website ease of use, and pre-sales support. The win for timely shipment is significant in that it also was ranked the “most important” category by respondents this year.

D&H received the highest ranking of any broadline distributor in the following categories:

• Convenience of warehouse locations
• Ease of doing business with tech support
• Pre-sales support
• Quick issue resolution
• Timely shipment
• Adequate credit provided
• Website ease of use

D&H tied for top marks in the following categories:

• Accurate shipping
• Ease of doing business with credit department
• Post-sales support

CRN’s Channel Chiefs: D&H had more Channel Chiefs on CRN magazine’s prestigious list of executives serving the IT channel for 2021 than ever before with the addition of Vice President of Cloud and Services Jason Bystrak. Bystrak joins Senior Vice President of Vendor Management and Purchasing Tim Billing, Vice President of VAR Sales Peter DiMarco, and Vice President of Marketing Jenn Walcott, who have made repeated appearances on the list. This prominent, industry-wide feature “recognizes leading IT channel vendor executives who continually demonstrate outstanding leadership, influence, innovation, and growth,” according to CRN magazine, one of the largest news entities covering the IT channel. These D&H executives have personally worked to develop and execute innovative programs that help partners in the IT channel flourish, including in areas such as remote work and learning, the education marketplace, XaaS, and cloud.

Samsung Digital Signage Award: D&H was recognized as a “Top Display Distribution Growth %” partner by Samsung Electronics America at the Samsung Partner Awards and Samsung V/X: Business Reimagined event. The win was relative to digital signage projects such as large-format video walls and Esports deployments under the distributor’s growing “ProAV” Business Unit.

These areas are also supported by the distributor’s Professional Services offering, where D&H technicians with real-world experience guide partners through multiple aspects of deployment, installation, and management of these projects in different verticals. D&H has been cultivating Esports and ProAV as new areas of opportunity for its partners. As such, D&H developed relationships with community groups such as the High School Esports League (HSEL), which joined forces with D&H in 2020 to develop the market’s first certification program for resellers of Esports solutions. This is the second Samsung Digital Signage Award D&H has won since August of last year.

eChannelNEWS’ “Reseller Choice” Award – Second Place, Best Specialty Distributor: D&H Canada is proud to have been recognized by its channel partners in eChannelNEWS’ “Canadian Reseller Choice Awards,” achieving this designation for the second year in a row. According to Canadian news media eChannelNEWS, the 2020 Reseller Choice Awards were dedicated to the “courageous people” in the channel who went beyond the typical call of duty to support partners through 2020’s pandemic conditions, helping to keep their practices—and business communities—thriving. As the competition’s name implies, winners for this award were determined by reseller votes.

“The ASCII Group is proud to partner with D&H Distributing, and we appreciate their commitment to MSPs and our membership,” said ASCII CEO Alan Weinberger. “Their continued, unique success in our annual distribution survey is evident from the extent of services that D&H provides and how it bolsters our members’ ability to succeed.”

“At Samsung, we value our relationship with D&H Distributing. They work hard to introduce partners to unique opportunities in digital signage that can help create new areas of competency and increase revenues,” said Chris Mertens, Vice President of US Sales, Displays. “We are pleased to show our gratitude and honor the D&H team for its hard work, and are excited to continue our partnership.”

“For 14 years, eChannelNEWS has been ranking vendors and distributors based upon the total number of votes that they receive from the channel partners. There is no subjectiveness on the results from ‘judges’ or any other criteria. The companies with the most votes win,” said Julian Lee, publisher of eChannelNEWS. “There are several categories for distributors. In 2020, D&H was ranked #2 in the Specialty Distributors category. It’s a big deal, and it shows that they continue to move up in the ranks every year. Congrats D&H.”

Partners in the IT supply channel can visit www.dandh.com in the US, www.dandh.ca in Canada, or visit the distributor’s Facebook and Twitter feeds, https://www.facebook.com/DandHDistributing/ and @dandh. Call 800-877-1200 in the US or 800-340-1008 in Canada to speak to an account representative.

About D&H Distributing 

D&H Distributing supports resellers and MSP partners in the corporate, small-to-midsize business, consumer, education, and government markets with endpoints and advanced technologies, as well as differentiated services. D&H is ready to fill new market needs created by the recent consolidation in the marketplace. As the company enters its 104^th year, its vendors and partners can be confident in its ability to provide a wealth of enablement resources, multi-market expertise, credit options, and consultative services. D&H is agile in response to the needs of its VAR and MSP partners, demonstrating resilience through decades of industry mergers and market disruption, overcoming everything from wars and recessions to pandemics.

The company works to expand the competencies of its partners in areas such as cloud services, ProAV, collaboration, UCC, mobility, Esports, digital displays, smart home automation, video surveillance, digital imaging, and server networks across a range of markets. Its value proposition includes highly lauded training opportunities and partner engagement events, dedicated Solutions Specialists, certifications, professional marketing resources, and an expanding digital Cloud Marketplace.

The distributor is headquartered in Harrisburg, PA, in the U.S. and Brampton, Ontario, in Canada with warehouses in Atlanta, GA; Chicago, IL; Fresno, CA; and Vancouver, BC, Canada. Call D&H at (800) 877-1200, visit www.dandh.com, or follow the distributor’s Facebook and Twitter feeds, https://www.facebook.com/DandHDistributing/ and @dandh.

See

D&H’s ASCII Award page

for video/image of the presentation: Caption: Executives from the ASCII Group present D&H Distributing’s co-presidents with the award for Top Benchmark Survey Broadline Distributor in ASCII’s 2020 Annual Distribution Survey. Clockwise from top left: ASCII CEO Alan Weinberger, ASCII COO & Senior Vice President Doug Young, D&H Co-President Dan Schwab (with award), D&H Co-President Michael Schwab.

Contact:

Suzanne Mattaboni
Suzanne Mattaboni Communications, Inc.
For D&H Distributing
(610) 737-2140
[email protected]

PORTLAND, OR, April 07, 2021 (GLOBE NEWSWIRE) — Michael Morrison has returned to his role as a fractional Chief Marketing Officer (CMO) at Chief Outsiders, one of the nation’s fastest-growing management consulting firms. Morrison returns after a triumphant four-year engagement shaping the go-to-market strategies for a healthcare financial services client.

Morrison, with deep experience in financial services, healthcare, and SaaS, is one of more than 80 “Executives-as-a-Service” at Chief Outsiders who deliver C-level marketing strategies to both SMB and enterprise-scale companies.

After being tapped as the Chief Marketing Officer at ePay Healthcare four years ago, Morrison led a top-to-bottom transformation that led to the creation and introduction of a new brand – Loyale – as well as increased revenues and better quality client relationships. Prior, Morrison helped grow revenues by 172 percent and net revenue-per-employee by 44 percent during an aggressive growth period at D.A. Davidson.

“We are extremely pleased to have Michael back among the talented and visionary CMOs here at Chief Outsiders,” said Karen Hayward, Managing Partner, Chief Outsiders. “As a former company president with a history of P&L ownership, he brings a holistic approach to collaborating with sales, legal and compliance, and key stakeholders to deliver solutions that meet the needs of a diverse clientele and their unique audiences.”

About Chief Outsiders

Chief Outsiders, LLC is a nationwide “Executives-as-a-Service” firm, with more than 80 part-time, or fractional, Chief Marketing Officers/Chief Marketing Outsiders (CMOs) engaged from coast-to-coast. Unlike other strategic marketing and management consulting firms, each CMO has held the position of VP Marketing or higher at one or more operating companies. Chief Outsiders have served on the executive team of over 1,100 client companies to drive growth strategy and execution plans by offering instant access to talent with highly customized and flexible engagements.

Because of its market-based growth plans, quality of leadership, and experienced team, Chief Outsiders has been recognized for the past seven years by Inc. Magazine as one of the 5,000 fastest growing privately held companies in the US, and was recognized in 2019 as a Forbes Small Giant. Chief Outsiders’ CEO Art Saxby and Principal Pete Hayes are the co-authors of “The Growth Gears: Using a Market-Based Framework to Drive Business Success,” an Amazon #1 best-seller for business owners and CEOs. For additional information about the companies who trust Chief Outsiders as their premier source for business growth acceleration, click here.  

Attachment

• Michael Morrison

Sterling Wilkinson
Chief Outsiders
[email protected]

RADNOR, Pa., April 07, 2021 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a securities fraud class action lawsuit has been filed in the United States District Court for the Northern District of Ohio against Lordstown Motors Corp. (NASDAQ: RIDE) (“Lordstown”) f/k/a DiamondPeak Holdings Corp. (NASDAQ: DPHC) (“DiamondPeak”) on behalf of those who purchased or acquired Lordstown securities between August 3, 2020 and March 24, 2021, inclusive (the “Class Period”).

Investor Deadline Reminder: Investors who purchased or acquired Lordstown securities


during the Class Period may,



no later than May 17, 2021



, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at

[email protected]; orclick https://www.ktmc.com/lordstown-motors-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=lordstown

Lordstown is an automotive company founded for the purpose of developing and manufacturing light duty electric trucks targeted for sale to fleet customers. Lordstown’s purported flagship vehicle is the “Endurance,” an electric full-size pickup truck. DiamondPeak was structured as a special purpose acquisition company.

Throughout the Class Period, Lordstown repeatedly lauded its pre-order agreements with prospective customers. Moreover, Lordstown stated numerous times that it was “on track” to begin production of the Endurance in September 2021.

However, before the markets opened on March 12, 2021, Hindenburg Research, LLC (“Hindenberg Research”) published a report on Lordstown entitled: “The Lordstown Motors Mirage: Fake Orders, Undisclosed Production Hurdles, and a Prototype Inferno.” The report noted that Lordstown has “no revenue and no sellable product,” and that Lordstown “has misled investors on both its demand and production capabilities.” The report concluded that Lordstown’s “orders are largely fictitious and used as a prop to raise capital and confer legitimacy,” and that a former employee “explained how the company is experiencing delays and making ‘drastic’ design modifications, putting [Lordstown] an estimated 3-4 years away from production,” rather than Lordstown being “on track” for a September 2021 production start. Following this news, the price of Lordstown’s common stock fell approximately 16.5%, down from its March 11, 2021 closing price of $17.71 to a March 12, 2021 close of $14.78.

Finally, on March 24, 2020, during the trading day, Hindenburg Research published additional pictures of the Endurance EV truck after it broke down and had to be loaded onto a tow truck during the filming of a commercial that had been aired just days prior to the common stock of Lordstown being taken public via its combination with DiamondPeak. Following this news Lordstown’s stock price fell another $1.21 per share.

The complaint alleges that, throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Lordstown’s purported pre-orders were non-binding; (2) many of the would-be customers who made these purported pre-orders lacked the means to make such purchases and/or would not have credible demand for the Endurance; (3) Lordstown is not and has not been “on track” to commence production of the Endurance in September 2021; (4) the first test run of the Endurance led to the vehicle bursting into flames within 10 minutes; and (5) as a result, Lordstown’s public statements were materially false and misleading at all relevant times.

Lordstown investors may, no later than May 17, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member.  A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.  The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).  The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
[email protected]

NEW YORK, April 07, 2021 (GLOBE NEWSWIRE) — Nuvocargo, the only all-in-one digital platform for US/Mexico trade, announced today it has closed a $12M round of Series A funding led by QED Investors alongside new investors including David Velez (Founder/CEO, Nubank), Michael Ronen (Branded/SoftBank, who led Flexport’s $1B Series D), FJ Labs, Clocktower, Karim Atiyeh (Founder/CTO of Ramp), Raymond Tonsing (Caffeinated Capital), Satya Patel (Homebrew), Sebastian Castro (Founder, Kushki), and more. Existing investors NFX, ALLVP, MAYA Capital, Magma Partners, One Way Ventures, Ride Ventures, and others also participated. This round brings Nuvocargo’s total funding to $17.3M. 

Nuvocargo will use the funds to accelerate its product roadmap and ramp up hiring. It is also developing a series of add-on financial products for shippers and carriers, targeting the $125B+¹ market for supply chain finance between USA and Mexico – offerings such as cargo insurance, working capital financing, trade financing, inventory loans and more.

“While on the surface Nuvocargo appears to be primarily a logistics company, our vision has always been to build an all-in-one digital platform to simplify trade for businesses across the Americas,” said Deepak Chhugani, Founder and CEO of Nuvocargo. “One of the biggest components of that vision is deeply rooted in the movement of money and payments for the international supply chain. Nuvocargo will soon offer products and services that help truckers, SMBs, and businesses across countries with multiple pain points that go beyond the actual movement of goods.”

“QED recognized that as truly transformative companies like Nuvocargo brought much of the traditionally disjointed and offline supply chains online, there would be huge opportunities for embedded financial solutions in the US-Mexico trade corridor,” said Lauren Morton, Partner, QED Investors.

“Nuvocargo took something that wasn’t even possible two years ago and made it essential today. Deepak and team are building a platform that not only automates the logistics of moving goods across the border, but for the first time enables offering best-in-class financial solutions to a massive market that has long been ignored. We have been investing in US and Latin America fintechs for the past 15 years, and we’re excited to combine our global fintech expertise with Nuvocargo’s strong technical talent, local expertise and vision for disrupting international trade in a way that we know is critical for success.”

James Currier, General Partner at NFX who co-led Nuvocargo’s seed round says, “Deepak and team continue to beat all the goals and projections. Nuvocargo is building a world-class team and operation in a market that is eager for software-driven solutions with network effects, making it more efficient for all participants.”

Antonia Rojas, Partner at ALLVP who co-led Nuvocargo’s seed round said, “Nuvocargo launched just 18 months ago, and expects to generate tens of millions of dollars in annual revenue in 2021, its second full year in business. We’ve been impressed by how the company has stayed responsive to customer needs and grown even when the economy got tough; we are confident they will continue this path of growth leveraging the 600B USD trade route within US & Mexico.”

Nuvocargo plans to use the funds to continue investing aggressively in hiring world class talent across Silicon Valley, the logistics industry, the US and Mexico. Specifically, it will invest more aggressively in engineering, product, design, analytics and marketing while continuing to invest in sales & operations. Today the team consists of 35 employees in the US and Mexico, and that number will likely grow to 100+ in the coming 12 months.

2020 Nuvocargo milestones include:

• Grew revenues by 25x
• Grew its customer base by 9x, landing new clients such as Calidra Group, Howden and Land & Sea
• Grew its employee base by 5x, adding industry veterans from companies like Dropbox, Goldman Sachs, Transplace, Redwood, MIT, Harvard, and other leading US/Mexico logistics brokers
• Opened new offices to support growth, in Mexico City, Mexico and Laredo, TX

Additionally, earlier in March, Nuvocargo announced a platform upgrade with new tracking features available in English and Spanish that provide shippers with enhanced visibility and the ability to track and monitor their cargo shipments all in one place.

“We’ve seen overwhelming customer demand and revenue growth since launching,” said Chhugani. “This funding will enable us to keep investing in our company’s software infrastructure and on hiring to satisfy that demand. Additionally, we’re excited to use these funds to launch new financial products we’ve been piloting with both shippers and carriers to better serve the needs of our stakeholders beyond purely moving freight and to become their all-in-one solution for US/Mexico cross border trade.”

About QED Investors

QED Investors is a global leading boutique venture capital firm based in Alexandria, Va. It is focused on investing in early stage, disruptive financial services companies in the U.S., U.K., Latin America and Southeast Asia. QED Investors is dedicated to building great businesses and uses a unique, hands-on approach that leverages our partners’ decades of entrepreneurial and operational experience, helping their companies achieve breakthrough growth. Notable investments include Credit Karma, ClearScore, Nubank, SoFi, Avant, Remitly, GreenSky, Klarna, QuintoAndar, Loft, Konfio, Creditas, AvidXchange, Current and Mission Lane.

About Nuvocargo


Nuvocargo
is the only all-in-one digital platform for cross-border trade offering freight forwarding, customs brokerage, cargo insurance and supply chain financing. It combines powerful technology with an exceptional team of experts to seamlessly integrate end-to-end movement of cargo in a single platform. Nuvocargo is modernizing a $2T market that has yet to experience real digitalization, empowering shippers with unparalleled visibility, efficiency and support. Run by a fully bi-lingual team, Nuvocargo’s unique position at the intersection of technology, logistics, the US and Latin America, contributes to growing revenues 35 percent month over month since beginning operations in late 2019. Nuvocargo is backed by QED Investors, David Velez, NFX, ALLVP, and the world-renowned startup accelerator Y Combinator, among others. Learn more about the nuvo way at https://www.nuvocargo.com/en or follow @nuvocargo.

Media Contacts:

Gina Rezendes
617-640-9278
[email protected]

Ashley Marshall

Director of PR and Communications, QED Investors
518-577-9984
[email protected]

^{___________________________
1} Nuvocargo internal calculation

NEW YORK, April 07, 2021 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of MoneyGram International, Inc. (“MoneyGram” or the “Company”) (NASDAQ: MGI) from June 3, 2019, through February 22, 2021 (the “Class Period”). The lawsuit filed in the United States District Court for the Central District of California alleges violations of the Securities Exchange Act of 1934.

If you purchased MoneyGram securities, and/or would like to discuss your legal rights and options please visit MoneyGram Shareholder Class Action Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected]

The complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose to investors: (1) XRP, the cryptocurrency that MoneyGram was utilizing as part of its Ripple partnership, was viewed as an unregistered and therefore unlawful security by the SEC; (2) in the event that the SEC decided to enforce the securities laws against Ripple, MoneyGram would be likely to lose the lucrative stream of market development fees that was critical to its financial results throughout the Class Period; and (3) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

On February 22, 2021, MoneyGram filed its annual report on Form 10-K for the year ended December 31, 2020, disclosing to shareholders that it was “possible that MoneyGram will not resume transacting with Ripple under the commercial agreement and will be unable to receive the related market development fees in 2021 and beyond.”

On this news, MoneyGram securities fell 33.2%, from a closing price on February 19, 2021 of $10.87, to a closing price on February 23, 2021 of $7.26 per share.

If you wish to serve as lead plaintiff, you must move the Court no later than April 30, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased MoneyGram securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/moneygraminternational-mgi-shareholder-class-action-lawsuit-stock-fraud-368/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

NEW YORK, April 07, 2021 (GLOBE NEWSWIRE) — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Ontrak, Inc. (“Ontrak” or the “Company”) (NASDAQ: OTRK) from November 5, 2020, through February 26, 2021 (the “Class Period”). The lawsuit filed in the United States District Court for the Central District of California alleges violations of the Securities Exchange Act of 1934.

If you purchased Ontrak securities, and/or would like to discuss your legal rights and options please visit Ontrak Shareholder Lawsuit or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

The complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose to investors: (1) that Ontrak’s largest customer evaluated the Company on a provider basis, valuing Ontrak’s performance based on achieving the lowest cost per medical visit rather than clinical outcomes or medical cost savings; (2) that, as a result, Ontrak’s largest customer did not find the Company’s program to be effective and was reasonably likely to terminate its contract with Ontrak; (3) that, because this customer accounted for a significant portion of the Company’s revenue, the loss of the customer would have an outsized impact on Ontrak’s financial results; 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.

On March 1, 2021, Ontrak issued a press release announced preliminary financial results for fourth quarter and full year 2020. Therein, the Company stated that its largest customer had terminated its contract with Ontrak, effective, June 26, 2021

The Company stated that this customer evaluated Ontrak on a provider basis and [a]s such, the customer evaluated [Ontrak’s] performance based on [its] ability to achieve the lowest possible cost per medical visit, and not on [its] clinical outcomes data or medical cost savings. The Company also stated that the coaching model which Ontrak has pioneered for over a decade was seen by the customer to be less relevant to their performance metrics. On this news, the Company’s share price fell $27.32, or more than 46%, to close at $31.62 per share on March 1, 2021, thereby injuring investors.

If you wish to serve as lead plaintiff, you must move the Court no later than May 3, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased Ontrak securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/ontrakinc-otrk-shareholder-class-action-lawsuit-stock-fraud-373/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

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Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]