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MEDIA ALERT — Year-end stimulus legislation

MEDIA ALERT — Year-end stimulus legislation

Wolters Kluwer Tax & Accounting looks at tax provisions included in the year-end stimulus legislation and fiscal year 2021 appropriations legislation

–(BUSINESS WIRE)–
Wolters Kluwer Tax & Accounting:

What: After months of negotiations that seemed to continually break down, on December 20, 2020 leaders in the US Congress announced that agreement had finally been reached on another group of provisions to stimulate the economy as the COVID-19 pandemic continues to spread despite the initial, limited availability of vaccines. The legislation was being combined with funding to keep the federal government running for fiscal year 2021 in the very last days of the 116th Congress. The tax provisions include mostly extensions of familiar provisions, with a few surprises added by the legislators.

Why: As COVID-19 cases started to increase in the cooler months, and with many of the stimulus provisions enacted in March either already expired or scheduled to expire at year-end, US Congress felt the need to provide additional stimulus to keep the economy from faltering. Many of the stimulus provisions represent direct aid outside of the tax laws, including extended unemployment benefits, additional funding for the PPP (Paycheck Protection Program) for small businesses, aid for schools, aid for airlines, and funding for vaccine distribution and virus testing. Tax provisions in the legislation include the following:

  • Additional 2020 economic stimulus payments for taxpayers of $600, plus $600 for each qualifying child. Eligibility for the payments starts to phase out at incomes of $75,000 for single filers and $150,000 for joint filers
  • Allowing the deduction of business expenses paid for with forgiven Paycheck Protection Program loans
  • Extension of the special charitable contribution provisions enacted for 2020 through 2021
  • Extension, in some cases permanently, of many of the regularly expiring tax breaks that had been scheduled to expire at the end of 2020
  • Enhanced Child Tax Credit and Earned Income Tax Credit for low income families
  • Restoration of the 100 percent business meals deduction for two years to assist the restaurant industry
  • Enactment of disaster relief provisions for 2020 federal disasters
  • Allowing COVID-19-related expenses to qualify for the above-the-line educator expense deduction
  • Clarification that certain financial aid received by college students and forgiveness of Economic Injury Disaster Loans to small businesses are excluded from income
  • Extension of the credit for paid sick and family leave enacted as part of the Families First Coronavirus Response Act through March 31, 2021
  • Extension of the employee retention credit through June 30, 2021
  • Extension of the time allotted for repayment of employee Social Security taxes deferred under a Presidential Memorandum through the end of 2021

Wolters Kluwer Tax & Accounting has issued a tax briefing on the “Year-End Agreement Reached on Pandemic Relief, Stimulus, and Extenders,” which is available as a complimentary download through the CCH® AnswerConnect online research platform. Note that this briefing may be updated when the legislation is signed into law, so please reach out for the updated link at that time.

Who: Tax expert Mark Luscombe, JD, LL.M, CPA, Principal Federal Tax Analyst at Wolters Kluwer Tax & Accounting, can help explain the various tax provisions included in the year-end legislation.

PLEASE NOTE: The content of this alert has been prepared by Wolters Kluwer Tax & Accounting for general informational purposes only. The information is provided with the understanding that Wolters Kluwer Tax & Accounting is not engaged in rendering legal, accounting, or other professional services.

Contact: To arrange an interview with Mark Luscombe or other federal and state tax experts from Wolters Kluwer Tax & Accounting on this or any other tax-related topics, please contact Bart Lipinski.

BART LIPINSKI

847-267-2225

[email protected]

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: Accounting Professional Services Legal Technology Software

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Robotic Assistance Devices Large Opportunity on the Immediate Horizon

Robotic Assistance Devices Large Opportunity on the Immediate Horizon

HENDERSON, Nev.–(BUSINESS WIRE)–
Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that a major dealer of AITX’s wholly owned subsidiary Robotic Assistance Devices (RAD) has received a greatly anticipated order for a 5-unit RAD solution. This integrated autonomous remote security and access solution will be deployed to a Fortune 500 end-user client with over 10 distribution centers and over 7,500 retail locations in the U.S. and Puerto Rico.

“This order holds particular significance as it is an endorsement of RAD’s vision of a fully integrated facility using its autonomous security solutions,” said Steve Reinharz, President and CEO of RAD. “The order of five units spans three different RAD devices acting as a complete system and saving the facility hundreds of thousands of dollars versus legacy human-based solutions. If you’ve ever heard us talk about RADTown, well, this is what RADTown Logistics looks like.”

Details of the agreement were not disclosed, but the company confirmed that it was told that contracts would be received by the end of this year. Implementation will be Q1 2021. Reinharz added, “This opportunity has been in play nearly a year and a half and went through exhaustive legal and other agency review. We’re delighted that the PO is expected to be in RAD’s hands by year end.”

CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are “forward-looking statements” that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Artificial Intelligence Technology Solutions to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. Artificial Intelligence Technology Solutions undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Artificial Intelligence Technology Solutions expectations.

About Artificial Intelligence Technology Solutions (AITX)

AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD and RAD-M companies help organizations streamline operations, increase ROI and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services, and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education and healthcare. To learn more, visit www.roboticassistancedevices.com or follow us on Twitter @RADbotsecurity.

Investor Relations Contact

The Waypoint Refinery, LLC

(845) 397-2956

www.thewaypointrefinery.com

Steve Reinharz

949-636-7060

KEYWORDS: Nevada United States North America

INDUSTRY KEYWORDS: Software Technology Hardware Security

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Hudson Pacific Properties and CPP Investments Complete Acquisition of 1918 8th Avenue in Seattle

Hudson Pacific Properties and CPP Investments Complete Acquisition of 1918 8th Avenue in Seattle

LOS ANGELES & TORONTO–(BUSINESS WIRE)–
Hudson Pacific Properties, Inc. (“Hudson Pacific”) (NYSE: HPP) and Canada Pension Plan Investment Board (“CPP Investments”) have completed their previously announced acquisition of 1918 8th Avenue, a 668,000-square-foot Class A office building in Seattle’s Denny Triangle neighborhood for US$625 million (before closing adjustments). Through the joint venture, CPP Investments owns a 45% interest and Hudson Pacific owns 55% and acts as general partner and as property, leasing and construction manager.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201222005088/en/

In conjunction with closing the transaction, the joint venture closed a US$314.3 million mortgage loan secured by the property. This loan has an initial interest rate of LIBOR plus 1.70% per annum and is interest only through the five-year term.

About Hudson Pacific Properties

Hudson Pacific is a real estate investment trust with a portfolio of office and studio properties totaling over 19 million square feet, including land for development. Focused on premier West Coast epicenters of innovation, media and technology, its anchor tenants include Fortune 500 and leading growth companies such as Netflix, Google, Square, Uber, NFL Enterprises and more. Hudson Pacific is publicly traded on the NYSE under the symbol HPP and listed as a component of the S&P MidCap 400 Index. For more information visit HudsonPacificProperties.com.

About Canada Pension Plan Investment Board

Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 20 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At September 30, 2020, the Fund totalled C$456.7 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn, Facebook or Twitter.

Forward-Looking Statements Regarding Hudson Pacific Properties

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond Hudson Pacific’s control, which may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect Hudson Pacific’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. Furthermore, Hudson Pacific disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause Hudson Pacific’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in Hudson Pacific’s Annual Report on Form 10-K filed with the Securities and Exchange Commission, or SEC, and other risks described in documents subsequently filed by Hudson Pacific from time to time with the SEC.

Hudson Pacific Properties

Investor Contact: Laura Campbell

(310) 622-1702

[email protected]

Media Contact: Laura Murray

(310) 622-1781

[email protected]

CPP Investments

Darryl Konynenbelt

(416) 972 8389

[email protected]

KEYWORDS: California United States North America Canada

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property REIT

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February 2, 2021 Filing Deadline in Splunk Investor Class Action – Contact Lieff Cabraser

February 2, 2021 Filing Deadline in Splunk Investor Class Action – Contact Lieff Cabraser

SAN FRANCISCO–(BUSINESS WIRE)–
The law firm of Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the upcoming deadline to move for appointment as lead plaintiff in the class action litigation has been filed on behalf of investors who purchased or otherwise acquired common stock of Splunk Inc. (“Splunk” or the “Company”) (Nasdaq: SPLK) between October 21, 2020 and December 2, 2020, inclusive (the “Class Period”).

If you purchased or otherwise acquired Splunk common stock during the Class Period, you may move the Court for appointment as lead plaintiff by no later than February 2, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the action.

Splunk investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.

Background on the Splunk Securities Class Litigation

Splunk, incorporated in Delaware and headquartered in San Francisco, California, is a software company specializing in web-based products for searching, monitoring, and analyzing machine-generated data at an organizational level.

The action alleges that, during the Class Period, defendants misrepresented and/or failed to disclose that: (1) Splunk was failing to close deals with most of its biggest customers in the fiscal third quarter 2021; (2) Splunk was not achieving the financial targets it had previously announced; and (3) as a result, defendants’ public statements were at all relevant times materially false and misleading.

On December 2, 2020, after markets closed, Splunk announced disappointing results for the fiscal third quarter 2021, including a decrease of approximately 11% in total revenues, missing analyst estimates by almost $60 million. On the subsequent earnings call, Company executives disclosed for the first time that Splunk had failed to close most of its largest deals during the quarter. On this news, the price of Splunk stock dropped $47.88 per share, or 23.25%, from its closing price of $205.91 on December 2, 2020, to close at $158.03 per share on December 3, 2020, on extremely heavy trading volume.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, Nashville, and Munich, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

The National Law Journal has recognized Lieff Cabraser as one of the nation’s top plaintiffs’ law firms for fourteen years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms “representing the best qualities of the plaintiffs’ bar and that demonstrated unusual dedication and creativity.” Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm’s “laser focus” and noting that our firm routinely finds itself “facing off against some of the largest and strongest defense law firms in the world.” Benchmark Litigation has named Lieff Cabraser one of the “Top 10 Plaintiffs’ Firms in America.”

For more information about Lieff Cabraser and the firm’s representation of investors, please visit https://www.lieffcabraser.com/.

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

Source/Contact for Media Inquiries Only

Sharon M. Lee

Lieff Cabraser Heimann & Bernstein, LLP

Telephone: 1-800-541-7358

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Legal Professional Services

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Masco Corporation Announces Date for Earnings Release and Conference Call for 2020 Fourth Quarter and Full-Year

Masco Corporation Announces Date for Earnings Release and Conference Call for 2020 Fourth Quarter and Full-Year

LIVONIA, Mich.–(BUSINESS WIRE)–
Masco Corporation (NYSE: MAS) announced today that it will hold a conference call regarding 2020 fourth quarter and full-year results on Tuesday, February 9, 2021 at 8:00 a.m. ET. The conference call will be hosted by Masco President and Chief Executive Officer Keith Allman. Participants in the call are asked to register five to ten minutes prior to the scheduled start time by dialing (855) 226-2726 (855-22MASCO) and from outside the U.S. at (706) 679-3614. Please use the conference identification number 1576288.

The 2020 fourth quarter and full-year results and supplemental material will be distributed at 7:00 a.m. ET on February 9, 2021 and will be available on the Company’s website at www.masco.com.

The conference call will be webcast simultaneously and in its entirety through the Masco Corporation website. Shareholders, media representatives and others interested in Masco may participate in the webcast by registering through the Investor Relations section on the Company’s website.

A replay of the call will be available on Masco’s website or by phone by dialing (855) 859-2056 and from outside the U.S. at (404) 537-3406. Please use the conference identification number 1576288. The telephone replay will be available approximately two hours after the end of the call and continue through March 9, 2021.

Headquartered in Livonia, Michigan, Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Our portfolio of industry-leading brands includes Behr® paint; Delta® and Hansgrohe® faucets, bath and shower fixtures; Kichler® decorative and outdoor lighting; and HotSpring® spas. We leverage our powerful brands across product categories, sales channels and geographies to create value for our customers and shareholders. For more information about Masco Corporation, visit www.masco.com.

Investor Contact

David Chaika

Vice President, Treasurer and Investor Relations
313.792.5500

[email protected]

KEYWORDS: Michigan United States North America

INDUSTRY KEYWORDS: Retail Home Goods Construction & Property Interior Design

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J.B. Hunt, University of Arkansas Announce $2.25M Collaboration to Address Inclusivity and Sustainability in Supply Chain Industry

J.B. Hunt, University of Arkansas Announce $2.25M Collaboration to Address Inclusivity and Sustainability in Supply Chain Industry

LOWELL, Ark.–(BUSINESS WIRE)–
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, and the University of Arkansas today announced a new $2.25 million collaboration with the Sam M. Walton College of Business that will increase awareness of inclusion and diversity in transportation and logistics and explore new, sustainable solutions to address current and potential industry challenges.

“The transportation industry has changed so much in the last decade that fresh, innovative thinking is necessary for developing modern solutions,” said John Roberts, president and CEO of J.B. Hunt. “Through this collaboration, we will help educate and promote the value of an inclusive workplace, one that respects the individual and creates a welcoming environment for all ideas, values, and beliefs. It will also ensure that we remain steadfast in our efforts to reduce carbon emissions, ensure the safety of all employees, and better the communities we serve.”

To support the new collaboration, J.B. Hunt will provide an incremental gift of $1.5 million to the University of Arkansas and reallocate $750,000 from the J.B. Hunt Innovation Center of Excellence, an ongoing effort between the two to improve supply chain management efficiency through technology. Two funds benefitting the Department of Supply Chain Management in the Walton College have been established that outline the direction for each initiative:

  • J.B. Hunt Transport Services, Inc. Inclusion Education and Thought Leadership Fund, a $1.25 million contribution, will promote a diverse educational environment by supporting the needs of students, faculty, and external partners in addressing the challenges faced by individuals from historically underrepresented backgrounds in supply chain management. It will assist the college’s staffing and collaboration efforts that advocate for the diversity, equity, and inclusion in the industry.
  • J.B. Hunt Transport Services, Inc. Sustainable Supply Chain Management Research, Innovation, and Education Fund, a $1 million contribution, will support educational pursuits that pertain to sustainable business practices and encourage engagement among industry experts to address environmental, social, and corporate governance issues.

“It’s difficult to find many companies that have made this type of investment in and on behalf of future leaders. However, the leaders throughout J.B. Hunt are committed to the growth of their people because they understand that those people will innovate business models and mechanisms that will keep the company ahead of its competition,” said Matt Waller, dean of the Sam M. Walton College of Business. “And while many Walton College students will go on to work for J.B. Hunt, many others will lead in other companies. So, J.B. Hunt’s willingness to innovate stretches far beyond its walls and impacts the entire economy. That’s visionary innovation at its finest.”

In 2020, the Walton College’s supply chain undergraduate program was ranked the best in North America by Gartner. J.B. Hunt and the Walton College are constantly working together to enhance supply chain efficiency and prepare future industry leaders. The J.B. Hunt Innovation Center of Excellence, made possible through a $2.75 million grant from J.B. Hunt in 2017, is a combined effort among the company, the Walton College, and the College of Engineering that brings researchers and students together with J.B. Hunt employees to develop solutions through innovative design and technology. In 2018, J.B. Hunt opened an on-campus intern office that provides up to 60 students with real-world industry experience each semester.

About J.B. Hunt

J.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visitwww.jbhunt.com.

Brad Delco

Vice President – Finance & Investor Relations

(479) 820-2723

KEYWORDS: United States North America Arkansas

INDUSTRY KEYWORDS: Supply Chain Management Trucking Philanthropy Retail Logistics/Supply Chain Management Transport Other Philanthropy

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Notice of Lead Plaintiff Deadline for Shareholders in the Minerva Neurosciences, Inc. Class Action Lawsuit

Notice of Lead Plaintiff Deadline for Shareholders in the Minerva Neurosciences, Inc. Class Action Lawsuit

SAN DIEGO–(BUSINESS WIRE)–
Robbins Geller Rudman & Dowd LLP announces that a class action lawsuit has been filed in the District of Massachusetts on behalf of purchasers of Minerva Neurosciences, Inc. (NASDAQ:NERV) common stock between May 15, 2017 and November 30, 2020, inclusive (the “Class Period”). The case is captioned McCoy v. Minerva Neurosciences, Inc.,No. 20-cv-12176, and is assigned to Judge George A. O’Toole, Jr. The Minerva class action lawsuit charges Minerva and its Chief Executive Officer with violations of the Securities Exchange Act of 1934.

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Minerva common stock during the Class Period to seek appointment as lead plaintiff in the Minerva class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Minerva class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Minerva class action lawsuit. An investor’s ability to share in any potential future recovery of the Minerva class action lawsuit is not dependent upon serving as lead plaintiff. If you wish to serve as lead plaintiff of the Minervaclass action lawsuit or have questions concerning your rights regarding the Minervaclass action lawsuit, please provide your information here or contact counsel, J.C. Sanchez of Robbins Geller, at 800/449-4900 or 619/231-1058 or via e-mail at [email protected]. Lead plaintiff motions for the Minervaclass action lawsuit must be filed with the court no later than February 8, 2021.

Minerva is a clinical-stage biopharmaceutical company focused on the development and commercialization of a portfolio of product candidates to treat patients suffering from central nervous system diseases. Minerva’s lead product candidate, roluperidone (MIN-101), is in development for the treatment of negative symptoms in patients with schizophrenia. In October 2016, Minerva reported positive results from a Phase 2b trial of roluperidone for this treatment, asserting that the “[d]ata show continuous improvement in negative symptoms, stable positive symptoms and extended safety profile.” Thereafter, on May 15, 2017, Minerva announced that it would proceed to a Phase 3 clinical trial for roluperidone following a successful “end-of-Phase 2” meeting with the U.S. Food and Drug Administration (“FDA”). In doing so, Minerva’s Chief Executive Officer, defendant Rémy Luthringer, stated that “[o]ur discussion with the [FDA] has helped to confirm our Phase 3 trial design, which is similar to our previous Phase 2b trial design. We believe that positive data from the Phase 3 trial, along with the positive data from the Phase 2b trial, may form the basis for the future submission of a New Drug Application for [roluperidone] with the FDA.”

The Minerva class action lawsuit alleges that, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose: (i) the truth about the feedback received from the FDA concerning the “end-of-Phase 2” meeting; (ii) that the Phase 2b study did not use the commercial formulation of roluperidone and was conducted solely outside of the United States; (iii) that the failure of the Phase 3 study to meet its primary and key secondary endpoints rendered that study incapable of supporting substantial evidence of effectiveness; (iv) that Minerva’s plan to use the combination of the Phase 2b and Phase 3 studies would be “highly unlikely” to support the submission of an NDA; (v) that reliance on these two trials in the submission of an NDA would lead to “substantial review issues” because the trials were inadequate and not well controlled; and (vi) that, as a result, Minerva’s public statements were materially false and misleading at all relevant times.

On May 29, 2020, Minerva released the results of its Phase 3 clinical trial, revealing that the studied “doses were not statistically significantly different from placebo at Week 12 on the primary endpoint . . . or the key secondary endpoint.” On this news, Minerva’s stock price fell nearly 73%.

Then, on December 1, 2020, Minerva revealed that the “FDA advised that the Phase 2b study is problematic because it did not use the commercial formulation of roluperidone and was conducted solely outside of the United States. In addition, FDA commented that the Phase 3 study does not appear to be capable of supporting substantial evidence of effectiveness . . . .” Indeed, the “FDA cautioned that an NDA submission based on the current data from the Phase 2b and Phase 3 studies would be highly unlikely to be filed and that at a minimum, there would be substantial review issues due to the lack of two adequate and well-controlled trials to support efficacy claims for this indication.” On this news, Minerva’s stock price fell an additional 25%, further damaging investors.

Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities class action litigation. With 200 lawyers in 9 offices, Robbins Geller has obtained many of the largest securities class action recoveries in history. For seven consecutive years, ISS Securities Class Action Services has ranked the Firm in its annual SCAS Top 50 Report as one of the top law firms in the world in both amount recovered for shareholders and total number of class action settlements. Robbins Geller attorneys have helped shape the securities laws and have recovered tens of billions of dollars on behalf of aggrieved victims. Beyond securing financial recoveries for defrauded investors, Robbins Geller also specializes in implementing corporate governance reforms, helping to improve the financial markets for investors worldwide. Robbins Geller attorneys are consistently recognized by courts, professional organizations, and the media as leading lawyers in the industry. Please visit http://www.rgrdlaw.com for more information.

Robbins Geller Rudman & Dowd LLP

J.C. Sanchez, 800-449-4900

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Legal Professional Services

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Acadia Pharmaceuticals to Present at the 39th Annual J.P. Morgan Healthcare Conference on January 12, 2021

Acadia Pharmaceuticals to Present at the 39th Annual J.P. Morgan Healthcare Conference on January 12, 2021

SAN DIEGO–(BUSINESS WIRE)–
Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) today announced that it will present at the 39th Annual J.P. Morgan Healthcare Conference on Tuesday, January 12, 2021, at 2:00 p.m. Eastern Time, followed by a question and answer session.

The conference will be held virtually. A live audio-only webcast of Acadia’s presentation and question and answer session, along with accompanying slides, will be accessible on the company’s website, www.acadia-pharm.com, under the investors section and an archived recording will be available on the website through February 12, 2021.

About Acadia Pharmaceuticals

Acadia is trailblazing breakthroughs in neuroscience to elevate life. For more than 25 years we have been working at the forefront of healthcare to bring vital solutions to people who need them most. We developed and commercialized the first and only approved therapy for hallucinations and delusions associated with Parkinson’s disease psychosis. Our late-stage development efforts are focused on dementia-related psychosis, negative symptoms of schizophrenia and Rett syndrome, and in early-stage clinical research we are exploring novel approaches to pain management, and cognition and neuropsychiatric symptoms in central nervous system disorders. For more information, visit us at www.acadia-pharm.com and follow us on LinkedIn.

Media Contact:

Acadia Pharmaceuticals Inc.

Eric Endicott

(858) 914-7161

[email protected]

Investor Contact:

Acadia Pharmaceuticals Inc.

Mark Johnson, CFA

(858) 261-2771

[email protected]

 

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Science Biotechnology Research Pharmaceutical General Health Health Mental Health Clinical Trials

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Regions to Announce Fourth Quarter 2020 Financial Results on January 22, 2021

Regions to Announce Fourth Quarter 2020 Financial Results on January 22, 2021

BIRMINGHAM, Ala.–(BUSINESS WIRE)–Regions Financial Corporation (NYSE:RF) is scheduled to release its fourth quarter 2020 financial results on Friday, Jan. 22, 2021. Executives from the company will review Regions’ financial results via a live audio webcast beginning at 11 a.m. ET. A news release and additional materials will be available on Regions’ Investor Relations website at https://ir.regions.com prior to the webcast.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201222005102/en/

Regions Financial Corporation, with $145 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. (Photo: Business Wire)

Regions Financial Corporation, with $145 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. (Photo: Business Wire)

 

Webcast:

 

 

 

In addition to the live audio webcast at 11 a.m. on Jan. 22, an associated slide presentation will be reviewed by Regions executives. An archived recording of the webcast will be available at https://ir.regions.com following the live event.

 

 

Replay:

 

A telephone replay will also be available from Friday, Jan. 22 beginning at 2 p.m. ET through Monday, Feb. 22. To listen, please dial 1-855-859-2056, and use access code 3969193.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $145 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,400 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.

Media Contact:

Jeremy D. King

205-264-4551

Investor Relations Contact:

Dana Nolan

205-264-7040

KEYWORDS: United States North America Alabama

INDUSTRY KEYWORDS: Banking Professional Services Finance

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Regions Financial Corporation, with $145 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. (Photo: Business Wire)
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Wolters Kluwer Compliance Solutions Adds Golden Bridge, One Planet and Best in Biz Awards to Record Award Tally

Wolters Kluwer Compliance Solutions Adds Golden Bridge, One Planet and Best in Biz Awards to Record Award Tally

Latest awards showcase company’s superior content analytics, financial services expertise, and customer service excellence

MINNEAPOLIS–(BUSINESS WIRE)–Wolters Kluwer’s Compliance Solutions business has been honored with four Golden Bridge Awards, six One Planet Awards, and three Best in Biz North America Awards. The latest wins mean the company will close out this year with a record number of industry accolades, having earned a total of 44 industry awards in 2020 for excellence in product innovation, financial services expertise, and superior customer service.

Categories in which Compliance Solutions earned honors in these latest awards range from Best Content Analytics Solution, New Product of the Year, and Best Workflow Solution to Product Line of the Year, Best Business Product, and Customer Service Department of the Year.

“We are incredibly proud of these achievements—and the independent recognition of the value that our superior product and service capabilities are delivering for a wide range of clients today,” said Steven Meirink, Executive Vice President and General Manager for Compliance Solutions. “These accolades reflect the deep domain expertise, unparalleled resourcefulness and creative ingenuity of our regulatory compliance teams in developing products that provide enriched, actionable regulatory content, technology that fosters operational efficiencies, and a stellar customer service experience that delights our clients.”

Among notable Wolters Kluwer Compliance Solution offerings that achieved these award distinctions are:

OneSumX for Regulatory Change Management, which leverages AI technology and human experts to track regulatory changes across a list of global agencies, creating structured, value-added content that is paired with an easy-to-use software solution.

OneSumX for Compliance Program Management , a comprehensive regulatory compliance system of seven modules that help organizations address the key component processes of compliance, with the downstream capability needed to manage one’s programs from a single reporting system.

Expere® Language Translation, an AI, learning-based system that leverages legal and language translation domain expertise to provide a seamless, integrated, accurate and scalable language capability to provide loan documents translated into Spanish for limited English proficiency customers, enhancing the customer experience.

Online Applications, which extends the online/digital reach of smaller lenders, providing a better customer experience for online lending inquiries and helping level the playing field against larger and internet-only lenders.

CASH Suite, a set of financial analysis and credit risk management software solutions that enable commercial lenders to accelerate new business development and client retention efforts.

Compliance Solutions’ SupportLine team, which plays a crucial role in addressing product usage, technology, and regulatory compliance inquiries for Compliance Solutions customers.

Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks and credit unions, insurers and securities firms. The business, which sits within Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, helps these financial institutions efficiently manage risk and regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business.

Wolters Kluwer’s GRC division provides an array of expert solutions to help U.S. financial institutions manage regulatory and risk obligations, including customized offerings to address COVID-19 challenges. Compliance Solutions’ Paycheck Protection Program Supported by TSoftPlus™ helps lenders’ customers access critical stimulus funding. Wolters Kluwer Lien Solutions’ iLien for Main Street helps lenders optimize their due diligence and lien management efforts when securing loans for small and medium-sized businesses under the Main Street Lending Program.

About Wolters Kluwer Governance, Risk & Compliance

Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.

Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2019 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.

Media Contacts

Paul Lyon

Director of Global Corporate Communications, Banking & Regulatory Compliance

Governance, Risk & Compliance

Wolters Kluwer

Office +44 20 3197 6586

[email protected]

David Feider

Corporate Communications Manager, Banking & Regulatory Compliance

Governance, Risk & Compliance Division

Wolters Kluwer

Tel: +1 612-852-7966

[email protected]

On Twitter: @davidafeider

KEYWORDS: Minnesota United States North America

INDUSTRY KEYWORDS: Legal Software Insurance Finance Consulting Banking Professional Services Technology

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