Gene Miles retires as CEO of First Farmers Bank & Trust, remains CEO and President of First Farmers Financial Corporation ( FFMR )

CONVERSE, Ind., April 02, 2021 (GLOBE NEWSWIRE) — In accordance with established succession planning, Gene Miles retired from his daily responsibilities as Chief Executive Officer of First Farmers Bank & Trust on March 31, 2021. His impact on the Bank is immeasurable and the growth during his tenure is unparalleled throughout our company history. Gene will continue in his role going forward as President and Chief Executive Officer of First Farmers Financial Corporation ( FFMR ). Bank President Mark “Doc” Holt will serve as President and Chief Executive Officer of the bank going forward.

Gene served First Farmers for over 41 years and his career has touched on nearly every capacity within the institution, including branch manager, commercial loan officer, compliance officer, investment officer, marketing officer and accounting officer. Starting as a branch manager in 1979 at a time when the Bank had 3 locations, less than 30 employees, and a total asset size of $44 million, Gene was mentored by many former Bank officers and worked closely with prior president Robert Larrison. He assumed the role of executive vice president in 1984 and president in 1997 and president & CEO in 1999. In 2016, Gene was awarded the Bruning Award, the American Bankers Association’s premiere award for agricultural Banking. In 2020, Gene was honored with a Leaders in Banking Excellence award through the Indiana Bankers Association.

First Farmers Financial Corp is a $2.2 billion financial holding company headquartered in Converse, Indiana. First Farmers Bank & Trust has offices throughout Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo and Wabash counties in Indiana and offices in Coles, Edgar and Vermilion counties in Illinois. First Farmers Financial Corp is traded on the OTC Markets Group, Inc. “OTCQX” exchange under the ticker symbol: FFMR

Contact:

Tade J Powell
Senior Vice President
[email protected]



Nanox Announces FDA Clearance of 510(k) for Single Source Nanox.ARC Digital X-Ray

Nanox Announces FDA Clearance of 510(k) for Single Source Nanox.ARC Digital X-Ray

NEVE ILAN, Israel–(BUSINESS WIRE)–NANO-X IMAGING LTD (NASDAQ: NNOX) (“Nanox” or the “Company”), an innovative medical imaging technology company, announced today that its single-source Nanox.ARC digital x-ray technology has received 510(k) clearance from the US Food and Drug Administration (the “FDA”).

“Obtaining 510(k) clearance from the FDA for our single-source Nanox.ARC digital x-ray is a significant step forward along our US regulatory pathway,” stated Ran Poliakine, Chairman and Chief Executive Officer of Nanox. “We remain on track to commence system shipments in the fourth quarter of 2021 and the first quarter of 2022 with the goal of finalizing deployment of the initial 15,000 Nanox.ARC systems by the end of 2024.”

“We believe we are well positioned to achieve our goal of democratizing medical imaging and expanding the market to the roughly two-thirds of the world’s population who currently have limited or no meaningful access to imaging or the preventative screening that it offers,” Mr. Poliakine concluded.

The Company remains on track and expects to submit a 510(k) application to the FDA for its multi-source Nanox.ARC and the Nanox.CLOUD in 2021. If cleared, the multi-source Nanox.ARC will be the Company’s commercial imaging system that it expects to deploy broadly across the globe.

About Nanox:

Nanox, founded by the serial entrepreneur Ran Poliakine, is an Israeli corporation that is developing a commercial-grade digital X-ray source designed to be used in real-world medical imaging applications. Nanox believes that its novel technology could significantly reduce the costs of medical imaging systems and plans to seek collaborations with world-leading healthcare organizations and companies to provide affordable, early detection imaging service for all. For more information, please visit www.nanox.vision.

Forward-Looking Statements:

This press release may contain forward-looking statements that are subject to risks and uncertainties. All statements that are not historical facts contained in this press release are forward-looking statements. Such statements include, but are not limited to, any statements relating to the initiation, timing, progress and results of Nanox’s research and development, manufacturing and commercialization activities with respect to its X-ray source technology and the Nanox.Arc. In some cases, you can identify forward-looking statements by terminology such as “can,” “might,” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “should,” “could,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. Forward-looking statements are based on information Nanox has when those statements are made or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause actual results to differ materially from those currently anticipated include: risks related to business interruptions resulting from the COVID-19 pandemic or similar public health crises could cause a disruption of the development, deployment or regulatory clearance of the Nanox System and adversely impact our business; Nanox’s ability to successfully demonstrate the feasibility of its technology for commercial applications; Nanox’s expectations regarding the necessity of, timing of filing for, and receipt and maintenance of, regulatory clearances or approvals regarding its X-ray source technology and the Nanox.Arc from regulatory agencies worldwide and its ongoing compliance with applicable quality standards and regulatory requirements; Nanox’s ability to enter into and maintain commercially reasonable arrangements with third-party manufacturers and suppliers to manufacture the Nanox.Arc; the market acceptance of the Nanox.Arc and the proposed pay-per-scan business model; Nanox’s expectations regarding collaborations with third-parties and their potential benefits; and Nanox’s ability to conduct business globally, among others. Except as required by law, Nanox undertakes no obligation to update publicly any forward-looking statements after the date of this press release to conform these statements to actual results or to changes in Nanox’s expectations.

Investors

Itzhak Maayan

Nanox Imaging

[email protected]

Bob Yedid

LifeSci Advisors

646-597-6989

[email protected]

Media

Alona Stein

ReBlonde for Nanox

[email protected]

KEYWORDS: United States North America Israel Middle East

INDUSTRY KEYWORDS: Health FDA Medical Devices Technology Other Technology Software Radiology

MEDIA:

Logo
Logo

Grifols announces topline data from NIAID Phase 3 ITAC trial (INSIGHT-013) evaluating hyperimmune globulins as a treatment for hospitalized patients with COVID-19

Grifols continues its COVID-19 research, with more than 20 initiatives targeting different disease stages

PR Newswire

BARCELONA, Spain, April 2, 2021 /PRNewswire/ — Grifols (MCE: GRF, MCE: GRF.P, NASDAQ: GRFS), a global leader in the development of plasma-derived medicines with a track record of more than 100 years dedicated to enhancing people’s health and well-being, today announced that the Phase 3 Inpatient Treatment with Anti-Coronavirus Immunoglobulin (ITAC) clinical trial, also known as INSIGHT-013, sponsored and supported by the U.S. National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH), did not meet its primary endpoints with statistically significant results.

The company will continue to move forward with its work on more than 20 research initiatives to find potential treatment options for different stages of COVID-19.

Regarding treatment of early-stage COVID-19 to halt disease progression, Grifols has a multifaceted approach. It will participate in an international study in collaboration with the NIAID and NIH to test an intravenous anti-SARS-CoV-2 hyperimmune globulin in outpatients. The company will also evaluate, in a study in Spain, a subcutaneously administered anti-SARS-CoV-2 hyperimmune globulin for asymptomatic outpatients, and is participating, also in Spain, in a clinical study to test convalescent plasma as early treatment in non-hospitalized mild or moderate COVID-19 patients.

Grifols is also evaluating the impact of other plasma-derived treatments such as alpha-1 antitrypsin, immunoglobulins and antithrombin III on COVID-19 patients in various disease stages to mitigate the effects of the infection.

Grifols thanks all of those involved in the ITAC clinical trial, especially the recovered COVID-19 donors who provided their plasma for the intravenous anti-SARS-CoV-2 hyperimmune globulin, as well as Grifols frontline workers for answering the call during very difficult times.

The project has been funded in part with federal funds from the Department of Health and Human Services, Office of the Assistant Secretary for Preparedness and Response, Biomedical Advanced Research and Development Authority, through the Department of Defense’s Joint Program Executive Office for Chemical, Biological, Radiological, and Nuclear Defense, Medical CBRN Defense Consortium OTA No. W15QKN-16-9-1002.

About the ITAC Trial

The Phase 3 Inpatient Treatment with Anti-Coronavirus Immunoglobulin (ITAC) clinical trial is a global, multi-center, double-blind, placebo-controlled, randomized trial sponsored and funded by the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH). It is designed to test the safety, tolerability and efficacy of a combination treatment regimen for coronavirus disease 2019 (COVID-19) consisting of the antiviral remdesivir along with an anti-SARS-CoV-2 hyperimmune intravenous immunoglobulin, which contains a highly concentrated solution of antibodies that neutralize SARS-CoV-2. The antibodies in the anti-SARS-CoV-2 hyperimmune globulin come from the liquid portion of blood, or plasma, donated by healthy people who have recovered from COVID-19.

Through the NIAID-funded INSIGHT network, the study team enrolled nearly 600 adult patients at 67 sites in the United States and 10 other countries on five continents. Volunteers were eligible for the trial if they had been hospitalized for COVID-19 and had symptoms for 12 days or fewer without life-threatening organ dysfunction or end-organ failure. Four companies provided investigational anti-SARS-CoV-2 hyperimmune globulin materials for the trial, including CSL Behring and Takeda on behalf of the CoVIg-19 Plasma Alliance, as well as Emergent BioSolutions and Grifols. Further information about the ITAC trial is available at ClinicalTrials.gov under study identifier NCT04546581.

About Grifols

Grifols is a global healthcare company founded in Barcelona in 1909 committed to improving the health and well-being of people around the world. Its four divisions – Bioscience, Diagnostic, Hospital and Bio Supplies – develop, produce and market innovative solutions and services that are sold in more than 100 countries.

Pioneers in the plasma industry, Grifols operates a growing network of donation centers worldwide. It transforms collected plasma into essential medicines to treat chronic, rare and, at times, life-threatening conditions. As a recognized leader in transfusion medicine, Grifols also offers a comprehensive portfolio of solutions designed to enhance safety from donation to transfusion. In addition, the company supplies tools, information and services that enable hospitals, pharmacies and healthcare professionals to efficiently deliver expert medical care.

Grifols, with nearly 24,000 employees in 30 countries and regions, is committed to a sustainable business model that sets the standard for continuous innovation, quality, safety and ethical leadership.

In 2020, Grifols’ economic impact in its core countries of operation was EUR 7.5 billion. The company also generated 140,000 jobs, including indirect and induced.

The company’s class A shares are listed on the Spanish Stock Exchange, where they are part of the Ibex-35 (MCE:GRF). Grifols non-voting class B shares are listed on the Mercado Continuo (MCE:GRF.P) and on the U.S. NASDAQ through ADRs (NASDAQ:GRFS).

For more information, please visit www.grifols.com


LEGAL DISCLAIMER

The facts and figures contained in this report that do not refer to historical data are “future projections and assumptions”. Words and expressions such as “believe”, “hope”, “anticipate”, “predict”, “expect”, “intend”, “should”, “will seek to achieve”, “it is estimated”, “future” and similar expressions, in so far as they relate to the Grifols group, are used to identify future projections and assumptions. These expressions reflect the assumptions, hypotheses, expectations and predictions of the management team at the time of writing this report, and these are subject to a number of factors that mean that the actual results may be materially different. The future results of the Grifols group could be affected by events relating to its own activities, such as a shortage of supplies of raw materials for the manufacture of its products, the appearance of competitor products on the market, or changes to the regulatory framework of the markets in which it operates, among others. At the date of compiling this report, the Grifols group has adopted the necessary measures to mitigate the potential impact of these events. Grifols, S.A. does not accept any obligation to publicly report, revise or update future projections or assumptions to adapt them to events or circumstances subsequent to the date of writing this report, except where expressly required by the applicable legislation. This document does not constitute an offer or invitation to buy or subscribe shares in accordance with the provisions of the following Spanish legislation: Royal Legislative Decree 4/2015, of 23 October, approving recast text of Securities Market Law; Royal Decree Law 5/2005, of 11 March and/or Royal Decree 1310/2005, of 4 November, and any regulations developing this legislation. In addition, this document does not constitute an offer of purchase, sale or exchange, or a request for an offer of purchase, sale or exchange of securities, or a request for any vote or approval in any other jurisdiction. The information included in this document has not been verified nor reviewed by the external auditors of the Grifols group.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/grifols-announces-topline-data-from-niaid-phase-3-itac-trial-insight-013-evaluating-hyperimmune-globulins-as-a-treatment-for-hospitalized-patients-with-covid-19-301261458.html

SOURCE Grifols, SA

Nanox Announces FDA Clearance of 510(k) for Single Source Nanox.ARC Digital X-Ray

NEVE ILAN, Israel, April 02, 2021 (GLOBE NEWSWIRE) — NANO-X IMAGING LTD (NASDAQ: NNOX) (“Nanox” or the “Company”), an innovative medical imaging technology company, announced today that its single-source Nanox.ARC digital x-ray technology has received 510(k) clearance from the US Food and Drug Administration (the “FDA”).

“Obtaining 510(k) clearance from the FDA for our single-source Nanox.ARC digital x-ray is a significant step forward along our US regulatory pathway,” stated Ran Poliakine, Chairman and Chief Executive Officer of Nanox. “We remain on track to commence system shipments in the fourth quarter of 2021 and the first quarter of 2022 with the goal of finalizing deployment of the initial 15,000 Nanox.ARC systems by the end of 2024.”   

“We believe we are well positioned to achieve our goal of democratizing medical imaging and expanding the market to the roughly two-thirds of the world’s population who currently have limited or no meaningful access to imaging or the preventative screening that it offers,” Mr. Poliakine concluded.   

The Company remains on track and expects to submit a 510(k) application to the FDA for its multi-source Nanox.ARC and the Nanox.CLOUD in 2021. If cleared, the multi-source Nanox.ARC will be the Company’s commercial imaging system that it expects to deploy broadly across the globe.

About Nanox:

Nanox, founded by the serial entrepreneur Ran Poliakine, is an Israeli corporation that is developing a commercial-grade digital X-ray source designed to be used in real-world medical imaging applications. Nanox believes that its novel technology could significantly reduce the costs of medical imaging systems and plans to seek collaborations with world-leading healthcare organizations and companies to provide affordable, early detection imaging service for all. For more information, please visit www.nanox.vision.

Forward-Looking Statements:

This press release may contain forward-looking statements that are subject to risks and uncertainties. All statements that are not historical facts contained in this press release are forward-looking statements. Such statements include, but are not limited to, any statements relating to the initiation, timing, progress and results of Nanox’s research and development, manufacturing and commercialization activities with respect to its X-ray source technology and the Nanox.Arc. In some cases, you can identify forward-looking statements by terminology such as “can,” “might,” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “should,” “could,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. Forward-looking statements are based on information Nanox has when those statements are made or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause actual results to differ materially from those currently anticipated include: risks related to business interruptions resulting from the COVID-19 pandemic or similar public health crises could cause a disruption of the development, deployment or regulatory clearance of the Nanox System and adversely impact our business; Nanox’s ability to successfully demonstrate the feasibility of its technology for commercial applications; Nanox’s expectations regarding the necessity of, timing of filing for, and receipt and maintenance of, regulatory clearances or approvals regarding its X-ray source technology and the Nanox.Arc from regulatory agencies worldwide and its ongoing compliance with applicable quality standards and regulatory requirements; Nanox’s ability to enter into and maintain commercially reasonable arrangements with third-party manufacturers and suppliers to manufacture the Nanox.Arc; the market acceptance of the Nanox.Arc and the proposed pay-per-scan business model; Nanox’s expectations regarding collaborations with third-parties and their potential benefits; and Nanox’s ability to conduct business globally, among others. Except as required by law, Nanox undertakes no obligation to update publicly any forward-looking statements after the date of this press release to conform these statements to actual results or to changes in Nanox’s expectations.

Contacts:

Investors

Itzhak Maayan
Nanox Imaging
[email protected]

Bob Yedid
LifeSci Advisors
646-597-6989
[email protected]

Media

Alona Stein
ReBlonde for Nanox
[email protected]



Dooley Thoroughbreds Horse Racing Syndicate – A Huge UK Success Story

Manchester, UK, April 02, 2021 (GLOBE NEWSWIRE) — Owning a winning racehorse is a dream that so many racing enthusiasts have, yet many do not achieve due to a lack of knowledge, investment opportunities, or connections. Now, thanks to the vision and passion of three brothers from Manchester who followed their childhood dream, being part of the industry and owning a winner could be possible.


Dooley Thoroughbreds
was set up by Mark, David, and James Dooley. Although not from a traditional horse racing background, their childhoods were spent enthralled by the industry. Mark trained as a jockey, David became an expert at reading form and picking out winners, and James visited just about every racecourse in the country.

As time went on, careers and life did too, but their love of horse racing never faded. This love of the industry united them, and every time they met, they talked about going into ownership and joining syndicates.

In 2019, the Dooley brothers took the leap. All three had extensive knowledge of the industry and had saved up the capital to go into ownership. Just a year or so on, this leap has been repaid tenfold, with the brothers having winning horses at the likes of The Galway Mie, Ahonoora, The Lartigue Hurdle and more.

So how can you follow in the footsteps of the Dooley brothers and go into racehorse ownership? Here’s their story of how they did it, and how they offer a few select places within their racing syndicate for prospective owners:

1. How to become a racehorse owner

For the Dooley brothers, racehorse ownership was always something they had wanted to explore. They didn’t do it to make money, but instead to follow a family-interest that united everybody from partners and wives to nephews and nieces.

Their opportunity came about by a chance meeting. Bart O’Sullivan was a well-respected and knowledgeable racehorse owner who had horses trained in Ireland by Adrian McGuiness. Bart introduced the Dooley brothers to Adrian, and their clear passion for the sport compelled Adrian to work with them.

Whilst it was a chance meeting for Mark, David and James Dooley, it never hurts to explore opportunities with owners and trainers who you may know in the industry, and consider joining a syndicate that can offer you that chance to get involved.

2. The investment required to become an owner of a winning horse

For newcomers and experienced pros, owning a horse isn’t a one-man job. Partnerships and syndicates exist so that a small group of enthusiasts can invest in purchasing a horse, covering the cost of training, housing, vets’ fees etc.

The Dooley brothers decided to invest in three horses with Adrian McGuiness called Saltonstall, Sirjack Thomas and Kasbah. These first three horses would all win races, notably Saltonstall, who captured the £120k Galway mile at the Galway Festival in 2019.

3. Sharing the opportunity, through the Dooley Thoroughbreds horse racing syndicate

The Dooley Brothers haven’t looked back since 2019. With an eye for detail and top tier connections, they have become one of the most influential and sought-after syndicates in the UK. Where they differ from others is that their family-run, close-knit community is focused on making you a big part of the ownership process.

Joining the Dooley Thoroughbreds horse racing syndicate means you are involved in the experience from start to finish. You are consulted about the decisions made on the horse and its racing career, you can freely visiting the stables, have regular training updates, a share of the prize money and most importantly, enjoy the thrill of going racing and making life long memories.

Considering becoming a racehorse owner through the Dooley Thoroughbreds horse racing syndicate?

The Dooley brothers stick to their roots and prefer their syndicates to be at a small and manageable size. They remain personally invested, both mentally and financially, and as such they don’t offer many places within their syndicate. However, with more Dooley Thoroughbred winners expected over the next few years, they are happy to hear from potential partners. You can learn more via their website.

More information:

Dooley Thoroughbreds was set up in 2019 by three brothers who have had a lifelong passion for horse racing. They had a desire to create memorable days out for family and friends, and a chance to get together as a family to unite behind a shared interest. Now, thanks to their success, they make racehorse ownership a reality for others with their Dooley Thoroughbreds horse racing syndicate. Find out more by visiting their website: https://www.dooleythoroughbreds.co.uk/.   

Follow Dooley Thoroughbreds on:


Twitter


Facebook


YouTube


https://thenewsfront.com/dooley-thoroughbreds-horse-racing-syndicate-a-huge-uk-success-story/



Dooley Thoroughbreds

https://www.dooleythoroughbreds.co.uk/

[email protected]

The National Capital Bank of Washington Announces Quarterly Dividend

The National Capital Bank of Washington Announces Quarterly Dividend

WASHINGTON–(BUSINESS WIRE)–
The National Capital Bank of Washington (NCB) announced today that its Board of Directors has declared a dividend of $0.55 per share for shareholders of record as of April 15, 2021. The dividend payout of $157,331.35 on 286,057 shares is payable April 30, 2021.

The National Capital Bank of Washington was founded in 1889 and is Washington’s Oldest Bank. NCB is headquartered on Capitol Hill with offices in the Friendship Heights community in Northwest D.C., the Courthouse/Clarendon community in Arlington, Virginia and the Fox Hill senior living community of Bethesda, Maryland. NCB also operates residential mortgage and commercial lending offices and a wealth management services division. NCB product and service offerings include personal and business deposit accounts, robust eBanking, sophisticated treasury management solutions, remote deposit capture and merchant processing – all delivered with top-rated personal service. NCB is well-positioned to serve all the banking needs of those in our communities. For more information about NCB, visit www.nationalcapitalbank.com. The Bank trades under the symbol NACB.

Richard B. Anderson, Jr., President & CEO or

Randal J. Rabe, EVP, Chief Financial Officer

Phone: 202-546-8000

Email: [email protected] or

[email protected]

KEYWORDS: United States North America District of Columbia

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

Logo
Logo

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Clover Health Investments, Corp. (CLOV, CLOVW) f/k/a Social Capital Hedosophia Holdings Corp. III (IPOC)

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Clover Health Investments, Corp. (CLOV, CLOVW) f/k/a Social Capital Hedosophia Holdings Corp. III (IPOC)

LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz reminds investors of the upcoming April 6, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Clover Health Investments, Corp. (NASDAQ: CLOV, CLOVW) (“Clover Health” or the “Company”) f/k/a Social Capital Hedosophia Holdings Corp. III (NYSE: IPOC) (“Social Capital III”) securities: (1) between October 6, 2020 and February 4, 2021, inclusive (the “Class Period”); and/or (2) pursuant or traceable to the registration statement and prospectus issued in connection with the December 2020 Merger of Clover and Social Capital III (the “Registration Statement”).

If you are a shareholder who suffered a loss, click here to participate.

On February 4, 2021, Hindenburg Research released a report entitled “Clover Health: How the ‘King of SPACs’ Lured Retail Investors Into a Broken Business Facing an Active, Undisclosed DOJ Investigation[.]” The report alleged, among other things, that “Clover has not disclosed that its business model and its software offering, called the Clover Assistant, are under active investigation by the Department of Justice (DOJ), which is investigating at least 12 issues ranging from kickbacks to marketing practices to undisclosed third-party deals.”

On this news, the Company’s stock price fell $1.72 per share, or 12.3%, to close at $12.23 per share on February 4, 2021, thereby injuring investors.

On February 5, 2021, Clover issued a response in which it admitted, among other things, that it was aware of the DOJ investigation. The Company also disclosed that it had received a letter from the U.S. Securities and Exchange Commission (“SEC”), indicating that it is conducting an investigation and requesting document and data preservation from January 1, 2020 to the present.

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.

If you purchased or otherwise acquired Clover Health securities during the Class Period, you may move the Court no later than April 6, 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 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.

The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

[email protected]

www.frankcruzlaw.com

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

Logo
Logo

DEADLINE ALERT for NEPT, BLU, RIDE, and CYDY: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

LOS ANGELES, April 02, 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].

Neptune Wellness Solutions Inc. (NASDAQ: NEPT)
Class Period: July 24, 2019 – February 16, 2021
Lead Plaintiff Deadline: May 17, 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 cost of Neptune’s integration of the assets and operations acquired in the SugarLeaf Acquisition would be larger than the Company had acknowledged, placing significant strain on the Company’s capital reserves; (2) accordingly, it was reasonably foreseeable that the company would need to conduct additional stock offerings to raise more capital; and (3) 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.

BELLUS Health Inc. (NASDAQ: BLU)
Class Period: September 5, 2019 – July 5, 2020
Lead Plaintiff Deadline: May 17, 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, the complaint alleges that Defendants knew, but failed to disclose, that while BLU-5937’s “high selectivity” contributed to the drug causing little to no taste alteration in chronic cough patients, that high selectivity also contributed to the drug potentially being less efficacious and thus likely not be able to meet the primary endpoint of the Company’s Phase 2 trial.

Lordstown Motors Corp. (NASDAQ: RIDE)
Class Period: August 3, 2020 – March 17, 2021
Lead Plaintiff Deadline: May 17, 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 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 Lordstown’s 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, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

CytoDyn, Inc. (OTC: CYDY)
Class Period: March 27, 2020 – March 9, 2021
Lead Plaintiff Deadline: May 17, 2021

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements touting Leronlimab as a potential treatment for COVID-19 to pump up the CytoDyn’s stock price while executives aggressively sold their shares. The complaint also alleges that CytoDyn engaged in a wrongful scheme whereby Iliad and other Fife entities operated as an unregistered securities dealer for CytoDyn.

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



SHAREHOLDER ACTION REMINDER: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against SOS Limited and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

SHAREHOLDER ACTION REMINDER: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against SOS Limited and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against SOS Limited (“SOS” or “the Company”) (NYSE: SOS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between July 22, 2020 and February 25, 2021, inclusive (the ”Class Period”), are encouraged to contact the firm before June 1, 2021.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. SOS misrepresented in its SEC filings the location and/or existence of one of its principal executive offices. Both HY International Group New York Inc. and FXK Technology Corporation were either entities created by the Company or undisclosed related parties. The Company misrepresented the nature of mining rigs it claimed to have purchased. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about SOS, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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

The Schall Law Firm

Brian Schall, Esq.

www.schallfirm.com

Office: 310-301-3335

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

Logo
Logo

SHAREHOLDER ACTION ALERT: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Vroom, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

SHAREHOLDER ACTION ALERT: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Vroom, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Vroom, Inc. (“Vroom” or “the Company”) (NASDAQ: VRM) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between June 9, 2020 and March 3, 2021, inclusive (the ”Class Period”), are encouraged to contact the firm before May 21, 2021.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Vroom failed to demonstrate any ability to control and scale its salesforce to meet the demand for its products. The Company discounted aged inventory to sell through the retail channel and liquidated product through wholesale channels. As a result, the Company’s gross profit per unit was likely to decline. Based on these facts, the Company’s public statements were false and materially misleading. When the market learned the truth about Vroom, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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

The Schall Law Firm

Brian Schall, Esq.,

www.schallfirm.com

Office: 310-301-3335

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

Logo
Logo