Market Newsdesk

LOS ANGELES, March 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].

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 Apache’s 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 (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.

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

SAN ANTONIO, March 05, 2021 (GLOBE NEWSWIRE) — Rackspace Technology Global, Inc. (NASDAQ: RXT) today announced that Kevin Jones, Chief Executive Officer, and Amar Maletira, Chief Financial Officer, will present at the Deutsche Bank Media, Internet and Telecom Conference on Tuesday, March 9, 2021 beginning at 1:00pm ET. Mr. Jones and Mr. Maletira will also be available for investor meetings.

The event will be webcast live which can be accessed via the conference website at this link.

Slide materials for the presentation will be made available the morning of the conference and posted to the Events and Presentations section of our Investor Relations website at https://ir.rackspace.com/news-and-events/events-and-presentations.

About Rackspace Technology

Rackspace Technology is a leading end-to-end multicloud technology services company. We can design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.

IR Contact

Joe Crivelli
Rackspace Technology Investor Relations
[email protected]

PR Contact

Natalie Silva
Rackspace Technology Corporate Communications
[email protected]

Miami, March 05, 2021 (GLOBE NEWSWIRE) — Nicklaus Children’s Hospital has announced availability of the Pfizer-BioNTech vaccine for Florida’s children and young adults ages 16 to 21 who are currently under the care of physicians or specialists for medical conditions identified by the Centers for Disease Control (CDC) as posing an increased risk for severe illness associated with COVID-19.

The hospital has already vaccinated 500 eligible patients through outreach to other area hospitals and health systems, pediatricians and pediatric subspecialists in Florida that resulted in hundreds of referrals for vaccine appointments. Nicklaus Children’s recently received an additional allotment of the Pfizer-BioNTech vaccine, enabling the hospital to extend its offering on a broader level. Appointment requests can be submitted through the web link below, effective Monday, March 8, 2021.

“Nicklaus Children’s is committed to our mission of prioritizing the children and young adults of our community and beyond. While most children are only mildly affected by COVID-19, those with complex conditions may be at risk of severe illness if they contract the virus. We are honored to be able to offer the vaccine to support the care of vulnerable children in Florida,” said Matthew A. Love, President and CEO of Nicklaus Children’s Health System, parent organization of the hospital.

Nicklaus Children’s is able to offer the vaccine to children and young adults ages 16 to 21 who provide written correspondence from a physician confirming that they are being treated for one or more of the conditions identified by the CDC as increasing the risk associated with COVID-19. These include asthma (moderate to severe), cancer, cerebrovascular disease, chronic kidney disease, cystic fibrosis, diabetes (type 1 or 2), Down syndrome, heart conditions, hypertension, immunocompromised conditions, liver disease, neurologic conditions, obesity, pulmonary fibrosis, sickle cell disease or thalassemia. Individuals older than 21 and under the medical care of a pediatrician or pediatric specialist are also being evaluated on a case-by-case basis.

Interested families should visit Nicklauschildrens.org/Covid19Vaccine for more information. Vaccine appointments can be requested on this page effective Monday, March 8, 2021. 

Photos for media use:

https://upload.nicklaushealth.org/link/79JIUlSrKMDLeRXhXHSm99

https://upload.nicklaushealth.org/link/2HNdtd7OPdm7ibQqFAu8qx

https://upload.nicklaushealth.org/link/LHCqVxogynQ5Hzo8AAHRHA

https://upload.nicklaushealth.org/link/tp1A9iYlmD616UOg8fljL7

https://upload.nicklaushealth.org/link/OObHqcO7IvMkE4okAMzQQx

About Nicklaus Children’s Hospital 

Founded in 1950 by Variety Clubs International, Nicklaus Children’s Hospital is South Florida’s only licensed specialty hospital exclusively for children, with nearly 800 attending physicians, including more than 475 pediatric subspecialists. The 309-bed hospital, known as Miami Children’s Hospital from 1983 through 2014, is renowned for excellence in all aspects of pediatric medicine with many specialty programs routinely ranked among the best in the nation by U.S. News & World Report since 2008. The hospital is also home to the largest pediatric teaching program in the southeastern United States and has been designated an American Nurses Credentialing Center (ANCC) Magnet facility, the nursing profession’s most prestigious institutional honor. For more information, please visit www.nicklauschildrens.org

Glenwood Springs, Colo. (March 5, 2021), March 05, 2021 (GLOBE NEWSWIRE) — Officials of the city of Glenwood Springs and US Forest Service have announced that they will reopen the Hanging Lake Trail to permitted hikers following initial assessments and trail stabilization in the aftermath of last summer’s Grizzly Creek Fire. Reservations to hike Hanging Lake will be available starting April 1, 2021, for the season at visitglenwood.com/HangingLake.

“While the Grizzly Creek Fire thankfully passed over this nationally recognized Natural Landmark, there were clean-up and safety measures that were necessary before the trail was able to be reopened to the public,” said Leanne Veldhuis, district ranger for the Eagle-Holy Cross Ranger District. Veldhuis, who represents the White River National Forest, is among a group of stakeholder representatives that also includes the City of Glenwood Springs, Glenwood Springs tourism, Colorado Department of Transportation, and private businesses.

“Last year, prior to the fire, a special management plan was put into place for COVID social distancing,” said Lisa Langer, director of tourism promotion for Glenwood Springs. “Part of that plan will remain in place through the summer, including the assisted self-parking for permitted hikers.” Langer added that the city plans to hold off on the shuttle service until later in the season and will reevaluate as the pandemic situation improves. To make navigating the trail as safe as possible, there are designated passing zones and hand-sanitizer stations along the trail.

Purchase Hanging Lake Hiking Permits Online

The widely successful Hanging Lake permit reservation system which was implemented in 2019 will resume for the 2021 season. Visitors can purchase permits online at visitglenwood.com/HangingLake for $12 per person. Hikers can either self-drive and park at the Hanging Lake Rest Area; or bike or hike along the Glenwood Canyon Recreation Path to the trailhead. Both permits are identical in cost and time slot inventory. All hikers will be asked to present their permit upon arrival at the Hanging Lake Rest Area; only those with permits will be allowed to park.

The Hanging Lake Partners caution that health and safety measures may be revised throughout the high season. Hanging Lake hikers will always receive the most current updates and safety procedures with their permit confirmation email.

Plan for Summertime Travel in Glenwood Canyon

Construction impacts will be much lighter on Interstate 70 in Glenwood Canyon compared to Summer 2020. To ensure safety, motorists should plan for occasional lane closures, obey reduced speeds and drive with caution. Motorists should also pay close attention to weather forecasts, due to the potential for debris flow, mudslides or rockfall. If there is rain in the forecast, be prepared for a safety closure in Glenwood Canyon that will affect I-70, rest areas and the Glenwood Canyon bike path. Drivers should refer to cotrip.org for the latest road conditions and route options. CDOT advises motorists to be wary of using GPS navigation apps for searching alternate routes, as not all platforms provide up-to-date information. Travelers should avoid using county or forest roads as alternate routes, as road conditions may not be favorable. CDOT also recommends that travelers bring an emergency kit, with water, snacks, a flashlight and a blanket, as mountain conditions often change suddenly in the fall season.

About Hanging Lake

Hanging Lake is designated a National Natural Landmark located in the White River National Forest in Glenwood Canyon about seven miles (11 km) from Glenwood Springs. The 1.2-mile (1.9 km) path is steep and leads to a crystal-clear lake and waterfalls. Because of its rare and fragile shoreline composed of travertine deposits, it is considered a rare geological wonder. To enhance the hiking experience, prevent damage to the trail and protect the environment for future generations, a reservation system was implemented in 2019.

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About Glenwood Springs

The Land of Water, where world-famous hot springs meet year-round outdoor adventures.


For more information and to plan a trip: visitglenwood.com.

Glenwood Springs is located 160 miles (257 kilometers) west of Denver on I-70.
An online media room is available at visitglenwood.com/media.

Photos and B-roll video footage available upon request linked in the media room.

About the White River National Forest



Home to Hanging Lake and other Colorado icons, the 2.3-million-acre White River National Forest is a world-renowned recreation destination. With more than 10 million visitors per year, the White River is the most-visited recreation forest in the country.



www.fs.usda.gov/whiteriver