Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Neovasc Inc. (NVCN)

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Neovasc Inc. (NVCN)

BENSALEM, Pa.–(BUSINESS WIRE)–
Law Offices of Howard G. Smith reminds investors of the upcoming January 5, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Neovasc Inc. (“Neovasc” or the “Company”) (NASDAQ: NVCN) securities between November 1, 2019 and October 27, 2020, inclusive (the “Class Period”).

Investors suffering losses on their Neovasc 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].

In December 2018, the Company filed a Q-Sub submission to the U.S. Food and Drug Administration (“FDA”) that contained safety and efficacy results from Neovasc’s clinical studies, as well as supporting data from peer-reviewed journals.

On February 20, 2019, Neovasc announced that, despite “Breakthrough Device Designation,” the FDA review team recommended that the Company collect further pre-market blinded data prior to submitting a Pre-Market Approval (“PMA”) application.

On November 1, 2019, the Company announced that it would submit a PMA application for the Reducer without gathering further evidence, against the FDA’s recommendation. Neovasc claimed that “the clinical evidence already available will be sufficient to not further delay the availability of this Breakthrough medical device for the treatment of U.S. patients.”

On October 28, 2020, before the market opened, the Company announced that an FDA advisory panel voted overwhelmingly against the safety and effectiveness of the Reducer. The panel noted concerns with the Company’s clinical data, including “that the lack of blinding assessment made the primary endpoint difficult to interpret.” As a result, the panel reached a consensus “that additional premarket randomized clinical data was necessary.”

On this news, the Company’s share price fell $0.77, or 42%, to close at $1.06 per share on October 28, 2020, on unusually heavy trading volume.

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 the results of COSIRA, Neovasc’s clinical study for the Reducer, contained imbalances in missing information present in the control group versus the treatment group, including significant missing information for secondary endpoints but none for the primary endpoint; (2) that the imbalance in missing information indicated that control subjects were aware of their treatment assignment (not blinded) and less inclined to participate in additional data collection; (3) that blinding is critical when studying a placebo-responsive condition such as angina; (4) that the lack of blinding assessment made the primary endpoint difficult to interpret; (5) that, as a result of the foregoing, the FDA was reasonably likely to require additional premarket clinical data; (6) that, as a result, the Company’s PMA for Reducer was unlikely to be approved without additional clinical data; and (7) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you purchased or otherwise acquired Neovasc securities during the Class Period, you may move the Court no later than January 5, 2021 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to 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: Pennsylvania United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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

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

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

If you suffered a loss on your HP investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/hp-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

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

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

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

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that HP’s channel inventory management and sales practices resulted in the sale of supplies to customers that did not need or want the product in order to artificially increase revenues and profits; (2) that HP’s channel inventory management and sales practices resulted in the sale of supplies to customers outside of designated regions at unsustainable discounts in order to artificially increase revenues and profits; (3) that HP’s channel inventory management and sales practices resulted in the sale of supplies at steep discounts to customers to encourage those customers to sell the supplies further down the supply channel, out of HP’s inventory management metrics; and (4) that, as a result of the foregoing, defendants’ statements about the Company’s business condition and prospects were materially false and misleading when made.

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you purchased or otherwise acquired HP common stock during the Class Period, you may move the Court no later than January 4, 2021 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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

Glancy Prongay & Murray LLP, Los Angeles

Charles Linehan, 310-201-9150 or 888-773-9224

[email protected]

www.glancylaw.com

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

Logo
Logo

Onex Fourth-Quarter Dividend Declared

All amounts
in U.S. dollars 
unless otherwise stated 

TORONTO, Nov. 12, 2020 (GLOBE NEWSWIRE) — The Board of Directors of Onex Corporation (TSX: ONEX) today declared a fourth-quarter dividend of C$0.10 per Subordinate Voting Share payable on January 31, 2021 to shareholders of record on January 8, 2021.

For further information:

Jill Homenuk
Managing Director, Shareholder Relations and Communications
Tel: +1 416.362.7711

Onex Website:
www.onex.com

Three Finalists Announced in Community College of Denver Presidential Search

Finalists to participate in virtual town halls November 17, 18 and 19.

Denver, Nov. 12, 2020 (GLOBE NEWSWIRE) — Today, the Colorado Community College System (CCCS) Chancellor Joe Garcia announced the three finalists in the running for president of Community College of Denver (CCD). 

CCD President Dr. Everette Freeman will conclude his role on December 31, 2020.

The search advisory committee, comprised of college and community representatives, has conducted a thorough screening and preliminary interviews with applicants in order to identify those best suited to lead CCD with long-term success.

The finalists are:

  • Dr. Marielena (Marie) DeSanctis, Provost and Senior Vice President for Academic Affairs and Student Services of Broward College
  • Dr. Landon K. Pirius, Vice Chancellor for Academic and Student Affairs for the Colorado Community College System
  • Dr. Nicole Reaves, Provost at Northern Virginia Community College’s Medical Education Campus

Bios for each finalist may be accessed via the following link: www.CCD.edu/PresidentialFinalists.    

Presidential finalists will meet virtually with the CCD community November 17 – 19 and participate in public town halls to allow faculty, staff, and college constituents to learn more about their experience, leadership style, and philosophies on a variety of issues.

The virtual town halls are scheduled as follows:

FINALIST VIRTUAL TOWN HALL
Dr. Landon K. Pirius Tuesday, November 17

4:00 – 5:00 pm

Dr. Nicole Reaves Wednesday, November 18

4:00 – 5:00 pm

Dr. Marielena DeSanctis Thursday, November 19

4:00 – 5:00 pm

Links to the virtual town halls can be found on the CCD website here, www.CCD.edu/PresidentialFinalists.

Feedback surveys will be requested from all those who interact with the finalists. The surveys will be reviewed by CCCS Chancellor Joe Garcia prior to his selection of the new CCD president. Input from the College community is encouraged and will be instrumental in the selection process.

###

 

About the Community College of Denver

Community College of Denver (CCD) is a leading point of entry to higher education for the city and county of Denver. CCD provides cost-effective, high-quality college education, along with access and opportunity for non-traditional students, workforce development, training resources for local organizations, and community partnerships. CCD is a federally funded Hispanic Serving Institution. Learn more at www.ccd.edu

 

About Colorado Community College System

The Colorado Community College System (CCCS) is the state’s largest system of higher education, delivering more than 1,000 programs to over 125,000 students annually through 13 colleges and 40 locations across Colorado. Our open access mission ensures all Coloradans who aspire to enrich their lives have access to quality higher education opportunities. The System Office provides leadership, advocacy and support to the colleges under the direction of the State Board for Community Colleges and Occupational Education (SBCCOE). Join us in changing the way Colorado goes to college.

Fiona Lytle
Colorado Community College System
720-393-9824
fiona[email protected]

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Golar LNG Limited (GLNG)

LOS ANGELES, Nov. 12, 2020 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming November 24, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Golar LNG Limited (“Golar” or the “Company”) (NASDAQ: GLNG) securities between April 30, 2020 and September 24, 2020, inclusive (the “Class Period”).

If you suffered a loss on your Golar investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/golar-lng-limited/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

On September 24, 2020, media reported that the Chief Executive Officer (“CEO”) of Golar’s joint venture, Hygo Energy Transition Ltd. (“Hygo”), was involved in a bribery network investigated in Brazil’s Operation Car Wash.

On this news, the Company’s share price fell $3.28, or 32%, to close at $6.86 per share on September 24, 2020, thereby damaging investors.

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 employees, including Hygo’s CEO, had bribed third parties, thereby violating anti-bribery policies; (2) that, as a result, the Company was likely to face regulatory scrutiny and possible penalties; (3) that, as a result of the foregoing reputational harm, Hygo’s valuation ahead of its IPO would be significantly impaired; 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.

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you purchased or otherwise acquired Golar securities during the Class Period, you may move the Court no later than November 24, 2020 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles H. Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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

Contacts

Glancy Prongay and Murray LLP, Los Angeles
Charles H. Linehan, 310-201-9150 or 888-773-9224
www.glancylaw.com
[email protected]

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Garrett Motion Inc. (GTX, GTXMQ)

LOS ANGELES, Nov. 12, 2020 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming November 24, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Garrett Motion Inc. (“Garrett” or the “Company”) (NYSE: GTX, OTC: GTXMQ) securities between October 1, 2018 and September 18, 2020, inclusive (the “Class Period”).

If you suffered a loss on your Garrett investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/garrett-motion-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

Garrett designs, manufactures and sells turbocharger, electric-boosting and connected vehicle technologies for original equipment manufacturers and the aftermarket. In October 2018, the Company formed as a spin-off of the Transportation Systems business of Honeywell International Inc. (“Honeywell”).

On August 26, 2020, before the market opened, the Company disclosed that its “leveraged capital structure poses significant challenges to its overall strategic and financial flexibility and may impair its ability to gain or hold market share in the highly competitive automotive supply market, thereby putting Garrett at a meaningful disadvantage relative to its peers.” Garrett further stated that its “high leverage is exacerbated by significant claims asserted by Honeywell against certain Garrett subsidiaries under the disputed subordinated asbestos indemnity and the tax matters agreement.”

On this news, the Company’s share price fell $3.04, or 44%, to close at $3.84 per share on August 26, 2020, thereby damaging investors.

On Sunday, September 20, 2020, Garrett announced that it had filed for Chapter 11 bankruptcy.

On Monday, September 21, 2020, the New York Stock Exchange (“NYSE”) announced that it would commence proceedings to delist Garrett’s stock from the NYSE after the Company’s disclosure that it had filed for bankruptcy.

On this news, the Company’s stock began trading over-the-counter and closed at $1.76 per share on September 22, 2020, a 12% decline from the closing price on September 18, 2020.

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, due to its agreement to indemnify and reimburse Honeywell for certain asbestos-related liability, Garrett was saddled with an unsustainable level of debt; (2) that, as a result, Garrett had a highly leveraged capital structure that posed significant challenges to its overall strategic and financial flexibility;  (3) that, as a result of the foregoing, Garrett’s ability to gain or hold market share was impaired; (4) that, as a result of the foregoing, the Company was reasonably likely to seek bankruptcy protection; 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 LinkedIn, Twitter, or Facebook.

If you purchased Garrett securities during the Class Period, you may move the Court no later than November 24, 2020 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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

Contacts

Glancy Prongay and Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
www.glancylaw.com  
[email protected]

DEADLINE ALERT for NKLA, NNOX, FLDM, FAF: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

BENSALEM, Pa., Nov. 12, 2020 (GLOBE NEWSWIRE) — Law Offices of Howard G. Smith 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 Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to [email protected].

Nikola Corporation (NASDAQ: NKLA)
Class Period: March 3, 2020 – October 15, 2020
Lead Plaintiff Deadline: November 16, 2020


Shareholders with $


250


,000 in losses or more are encouraged to contact the firm

The complaint 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) VectoIQ did not engage in proper due diligence regarding its merger with Nikola; (2) Nikola overstated its “in-house” design, manufacturing, and testing capabilities; (3) Nikola overstated its hydrogen production capabilities; (4) as a result, Nikola overstated its ability to lower the cost of hydrogen fuel; (5) Nikola founder and Executive Chairman, Trevor Milton, tweeted a misleading “test” video of the Company’s Nikola Two truck; (6) the work experience and background of key Nikola employees, including Mr. Milton, had been overstated and obfuscated; (7) Nikola did not have five Tre trucks completed; and (8) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times. According to the suit, these true details were disclosed by a market research firm. 

Nano-X Imaging Ltd. (NASDAQ: NNOX)
Class Period: August 21, 2020 – September 15, 2020
Lead Plaintiff Deadline: November 16, 2020

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) Nano-X’s commercial agreements and its customers were fabricated; (2) Nano-X’s statements regarding its novel Nanox System were misleading as the Company never provided data comparing its images with images from competitors machines; (3) Nano-X’s submission to the U.S. Food and Drug Administration (FDA) admitted the Nanox System was not original; and (4) 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.

Fluidigm Corporation  (NASDAQ: FLDM)
Class Period: February 7, 2019 – November 5, 2019
Lead Plaintiff Deadline: November 20, 2020

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Fluidigm was experiencing longer sales cycles; (2) that, as a result, Fluidigm’s revenue was reasonably likely to decline; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. 

First American Financial Corporation (NYSE: FAF)
Class Period: February 17, 2017 – October 22, 2020
Lead Plaintiff Deadline: December 24, 2020

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 failed to implement basic security standards to protect its customers’ sensitive personal information and data; (2) First American Financial faced a heightened risk of cybersecurity failure due to its automation and efficiency initiatives; and (3) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

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 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.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com

Federal Home Loan Bank of Atlanta Awards nearly $27 Million for Affordable Housing Development

Funding will Create, Improve, or Preserve 4,099 Affordable Rental and Homeownership Units

ATLANTA, Nov. 12, 2020 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (FHLBank Atlanta or the Bank) announced today that it has awarded $26,938,914 million to assist in the funding of 61 affordable housing initiatives in 19 states and the District of Columbia as part of its 2020 Affordable Housing Program (AHP). Collectively, these initiatives represent over $1 billion in total housing development.

In partnership with local for-profit and nonprofit developers, FHLBank Atlanta member financial institutions will use $27 million of AHP funds to assist in the acquisition, new construction, rehabilitation, or preservation of 4,099 affordable rental and homeownership units. For the complete list of 2020 winners, click here.

“Our Affordable Housing Program has enabled communities across our district to achieve their affordable housing and economic development objectives for 30 years,” said Arthur L. Fleming, FHLBank Atlanta’s Senior Vice President and Director or Community Investment Services. “We are proud of the positive impact our affordable housing program has had, and we know this critical source of funding will continue to play a vital role in creating safe and healthy housing.”

FHLBank Atlanta awards AHP funds annually through a competitive application process. Since 1990, FHLBank Atlanta has awarded more than $817 million in AHP Competitive grants, providing more than 129,000 housing opportunities for moderate, low-, and very low-income households.

The Bank will announce the opening of the 2021 AHP funding round in first quarter 2021. Potential applicants must work with an FHLBank Atlanta member financial institution to complete the AHP application. A list of member financial institutions is available on the FHLBank Atlanta website at www.fhlbatl.com.

FHLBank Atlanta’s 2020 AHP awards range from $30,000 to $500,000 per initiative and will be made in the following states:

State Rental Units Owner Units AHP Funds Total Development
Alabama 190 $2,000,000 $40,650,508
District of Columbia 322 $1,000,000 $88,872,559
Florida 434 20 $2,310,000 $95,140,167
Georgia 257 9 $1,410,178 $49,859,108
Maryland 450 $1,948,000 $117,648,058
North Carolina 343 6 $1,990,000 $17,999,084
South Carolina 196 $1,325,000 $48,338,220
Virginia 774 27 $6,072,079 $182,082,075
Out of District 1071 $8,883,657 $361,328,450


About the Federal Home Loan Bank of Atlanta

FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members—its shareholders and customers—-are commercial banks, credit unions, savings institutions, community development financial institutions, and insurance companies located in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 11 district banks in the Federal Home Loan Bank System. Since 1990, the FHLBanks have awarded approximately $6.6 billion in Affordable Housing Program funds, assisting more than 957,000 households.

For more information, visit our website at www.fhlbatl.com.

CONTACT: Peter E. Garuccio
Federal Home Loan Bank of Atlanta
[email protected] 
404.888.8143

Amplify Online Retail ETF (IBUY) Surpasses $1 Billion in Assets

First-to-market online retail ETF delivers 1-year return of 83.80%

CHICAGO, Nov. 12, 2020 (GLOBE NEWSWIRE) — Amplify ETFs announces the Amplify Online Retail ETF (NYSE: IBUY) has surpassed $1 billion in assets under management. IBUY is the first and largest ETF to focus on the online retail segment, holds a 5-star Overall Morningstar rating, and is ranked the #1 fund among 40 funds in the Consumer Cyclical category over a 3-year period.

Since its inception in April 2016, IBUY has delivered a 255.98% cumulative return versus the S&P Retail Select Industry Index’s 9.41% return through October 31, 2020. Other broad based indexes, including the S&P 500 Total Return and the NASDAQ 100 Total Return, produced 70.19% and 155.70% returns respectively.

“With more than $1 billion in assets, significant outperformance over broad-based indexes, and the top track record in the consumer cyclical fund category, we believe IBUY is the bellwether ETF for the evolving retail sector,” said Christian Magoon, founder and CEO of Amplify ETFs. “Today just 16% of all U.S. retail sales occur online, which is why we believe the disruption of the retail industry is still early in its lifecycle. We expect online retail stocks to be an attractive market segment for growth-minded investors for years to come.”

IBUY is an index-based ETF requiring companies to have 70% or more of revenue from online sales or $100 billion in annual online sales to qualify for inclusion. In addition, IBUY’s portfolio equally weights online retail stocks in its two geographic sleeves: U.S. (75% of the portfolio) and international (25%). This weighting approach increases portfolio diversification by avoiding concentrated positions in large capitalized online retail stocks which often have multiple business units besides online retail.

To learn more about IBUY, visit the ETF’s website.

About Amplify ETFs

Amplify ETFs, sponsored by Amplify Investments LLC, has $2.3 billion in assets across its suite of ETFs (as of 11/11/20). Amplify ETFs deliver expanded investment opportunities for growth, capital preservation, and income-focused investors.

Contacts

Sales Contact:
Amplify ETFs
855-267-3837
[email protected]
or
Media Contact:
Gregory FCA for Amplify ETFs
Caitlyn Foster, 610-228-2056
[email protected]

Short-term performance may often reflect conditions that are likely not sustainable, and thus such performance may not be repeated in the future.

IBUY Performance

Quarter End as of 9/30/20 Fund Inception Date: 4/20/2016
Cumulative (%) Annualized (%)

 

1 Mo.

3 Mo.

6 Mo.

YTD

Since Inception

1 Yr.

3 Yr.

Since Inception
Fund NAV -2.94 % 25.86 % 112.23 % 71.76 % 254.47 % 89.37 % 34.53 % 32.90 %
Closing Price -3.04 % 25.56 % 112.55 % 71.82 % 253.93 % 89.23 % 34.38 % 32.85 %
S&P 500 TR Index -3.80 % 8.93 % 31.31 % 5.57 % 74.98 % 15.15 % 12.28 % 13.40 %


The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. For performance data current to the most recent month-end please call 855-267-3837 or visit IBUYETF.com. Brokerage commissions will reduce returns. The Fund’s gross expense ratio is 0.65%

The Fund’s investment objective and strategy differs substantially from the market indices, which are included for comparison purposes only. The Standard & Poor’s (S&P) 500 Total Return Index is an unmanaged, market-capitalization-weighted index of the 500 largest U.S. publicly traded companies by market value, and assumes distributions are reinvested back into the index. It does not include fees or expenses. It is not possible to invest directly in an index.


Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s statutory and summary prospectus, which may be obtained by calling 855-267-3837 or by visiting AmplifyETFs.com. Read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility.
Investments in consumer discretionary companies are tied closely to the performance of the overall domestic and international economy, interest rates, competition and consumer confidence. Online retail companies are subject to risks of consumer demand and sensitivity to profit margins.
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RCL INVESTOR FILING DEADLINE: Bernstein Liebhard Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Royal Caribbean Cruises Ltd.

PR Newswire

NEW YORK, Nov. 12, 2020 /PRNewswire/ — 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 that has been filed on behalf of investors that purchased or acquired the securities of Royal Caribbean Cruises Ltd. (“Royal Caribbean” or the “Company”) (NYSE: RCL) between February 4, 2020 and March 17, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the Southern District of Florida alleges violations of the Securities Exchange Act of 1934.

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

The complaint alleges that the Defendants throughout the Class Period made false and/or misleading statements and failed to disclose material adverse facts about the Company’s decrease in bookings outside China and its inadequate policies and procedures to prevent the spread of COVID-19 on its ships.  Specifically, regarding global bookings, Royal Caribbean made statements that: (1) misled investors to believe that any issue related to COVID-19 was relatively insignificant; (2) falsely assured investors that bookings outside China were strong with no signs of a slowdown; and (3) failed to disclose that the Company was experiencing material declines in bookings globally due to customer concerns over COVID-19. Additionally, regarding safety procedures, the Company made statements that: (1) falsely assured investors that it implemented rigorous safety protocols; (2) such protocols were expected to ultimately contain the spread of the virus; and (3) failed to disclose that its ships were following grossly inadequate protocols that would foster the spread of COVID-19 and pose a substantial risk to passengers and crews.

The full impact of the Company’s false and misleading statements and/or omissions was revealed, as analysts downgraded the Company’s stock and slashed their price targets, reflecting the true value of Royal Caribbean stock.  On March 18, 2020, prior to the opening of the stock market, Stifel cut its one-year price target on Royal Caribbean from $161 to $40

On this news, Royal Caribbean’s stock price dropped $5.33 per share, or 19.27% to close at $22.33 per share on March 18, 2020.

If you wish to serve as lead plaintiff, you must move the Court no later than December 7, 2020. 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 Royal Caribbean securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/royalcaribbeancruisesltd-rcl shareholder-class-action-lawsuit-fraud-323/apply/ 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. © 2020 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]

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SOURCE Bernstein Liebhard LLP