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Amazon and YETI File Joint Lawsuit against Counterfeiters

Amazon and YETI File Joint Lawsuit against Counterfeiters

SEATTLE–(BUSINESS WIRE)–
Today, Amazon (NASDAQ: AMZN) and YETI Coolers, LLC. (“YETI”) (NYSE: YETI) jointly filed a lawsuit against two US-based individuals (the “defendants”) for counterfeiting YETI’s products, including YETI’s popular Rambler® mug. The defendants attempted to offer the infringing products in Amazon’s store, violating Amazon’s policies, YETI’s intellectual property rights, and the law.

The lawsuit was filed in the United States District Court for the Western District of Washington and alleges the defendants, Michael White and Karen White of San Diego, California, operated in concert with each other in their attempts to sell counterfeit YETI products. Amazon closed their selling accounts and refunded impacted customers.

Amazon strictly prohibits counterfeit products in its stores, and in 2019 alone, invested more than $500 million to protect customers and brands from fraud and abuse, including counterfeit. Amazon’s proactive investments in preventing counterfeit include robust seller vetting, advanced machine-learning based technologies, and industry-leading brand protection tools like Project Zero, Brand Registry, and Transparency. As a result of Amazon’s efforts, 99.9% of all products viewed by customers on Amazon have not received a valid counterfeit complaint.

In June 2020, Amazon launched its Counterfeit Crimes Unit, a global team dedicated to pursuing bad actors and holding them accountable to the fullest extent of the law, including working with law enforcement. Amazon has filed a series of lawsuits against counterfeiters, including a suit against individuals using social media to promote and facilitate the sale of counterfeits, as well as joint lawsuits with Italian luxury fashion house Valentino, cosmetics brand KF Beauty, and family travel accessory brand JL Childress.

Statement, attributable to Amazon:

“We do not allow counterfeits in our store and we take aggressive action to hold bad actors that attempt to evade our proactive protections accountable,” said Cristina Posa, Associate General Counsel and Director, Amazon Counterfeit Crimes Unit. “We appreciate YETI’s close cooperation throughout this investigation.”

Statement, attributable to YETI:

“YETI works aggressively to protect our consumers, our intellectual property rights, and our brand from the actions of counterfeiters and those who facilitate the importation and sale of counterfeit goods,” said Bryan Barksdale, Senior Vice President, General Counsel and Secretary at YETI. “We appreciate Amazon’s commitment to this shared objective.”

You can see the court filing here:

  • Case: 2:20-cv-01773, United States District Court for the Western District of Washington

Amazon has an extensive history protecting brands and taking action to hold bad actors accountable:

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

About YETI Holdings, Inc.

Headquartered in Austin, Texas, YETI is a global designer, retailer, and distributor of innovative outdoor products. From coolers and drinkware to backpacks and bags, YETI products are built to meet the unique and varying needs of diverse outdoor pursuits, whether in the remote wilderness, at the beach, or anywhere life takes our customers. By consistently delivering high-performing, exceptional products, we have built a strong following of brand loyalists throughout the world, ranging from serious outdoor enthusiasts to individuals who simply value products of uncompromising quality and design. We have an unwavering commitment to outdoor and recreation communities, and we are relentless in our pursuit of building superior products for people to confidently enjoy life outdoors and beyond. For more information, please visit www.YETI.com.

Amazon.com, Inc.

Media Hotline

[email protected]

www.amazon.com/pr

KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Online Retail Retail Professional Services Legal Specialty

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MaRS and CIBC to launch an inclusive design challenge

Canada NewsWire

Opportunity to receive funding to help remove barriers to employment for Canadians living with disability

TORONTO, Dec. 3, 2020 /CNW/ – To mark the International Day of Persons with Disabilities, MaRS and CIBC announced the launch of an inclusive design challenge to help remove barriers to employment faced by Canadians who live with disability. According to research undertaken by MaRS with support from CIBC, 55 per cent of persons with disabilities surveyed say their workplace is not currently accessible.

“Companies with accessible and inclusive workplaces are more innovative and more likely to succeed,” said Shahab Shahnazari, director, Innovation Partnerships at MaRS. “However, people with disabilities are often excluded. This challenge attempts to find solutions to common barriers that limit our workforce from reflecting the diversity of our country. Reducing barriers now is more critical than ever as we rebuild our economy. I look forward to seeing the ideas from our innovators and the opportunities that these solutions can create.”

In the first phase of the challenge, MaRS will seek input from individuals living with disability to identify the four areas of opportunity that will become the focus for the competition. The details of each focus area will be announced on May 20th (Global Accessibility Awareness Day) and innovators will have until June 30th to submit solutions.

“The future competitiveness of our country depends on engaging all of our intellectual capital. Enabling persons with disabilities to be full participants in our economy is not just a positive gesture, it’s also good for businesses and for Canadian economic growth,” said Andrea Nalyzyty, Senior Vice-President, Chief Compliance Officer & Global Regulatory Affairs and Chair of CIBC’s Accessibility Action Committee.

Key 2021 dates:

Jan 26:

Call-out for employment barriers from the disability community

Mar 4:

Deadline to submit entries

May 20:

Innovation Challenge launch with announcement of four core challenge areas

Jun 30:

Deadline to submit solution entries

Proposals from each of the four focus areas will be evaluated by an Advisory Council made up of business and community leaders, including those with lived experience with disability. Members of this council will be announced in May 2021.

About CIBC

CIBC is a leading Canadian-based global financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/en/about-cibc/media-centre.html.

In addition to its ongoing commitment to ensure that 8-9% of annual hires are persons with disabilities, CIBC is also a member of The Valuable 500, an international initiative that strives to put disability on the business agenda. In 2019, CIBC added its support to #DearEverybody, a national movement led by Holland Bloorview to end stigma and disrupt biases surrounding disability.

About MaRS


MaRS
 is North America’s largest urban innovation hub. A registered non-profit, MaRS supports high-growth startups and scale-ups tackling key issues in health, cleantech, fintech and other sectors. In addition, MaRS convenes all members of the tech ecosystem to drive breakthrough discoveries, grow the economy and make an impact by solving real problems for real people — in Canada and around the world.

SOURCE CIBC

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Pure Storage Named a Leader in Gartner Magic Quadrant for Primary Storage Arrays

Pure is positioned highest on the ability to execute axis and furthest on the completeness of vision axis

PR Newswire

MOUNTAIN VIEW, Calif., Dec. 3, 2020 /PRNewswire/ — Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, announced it has been positioned by Gartner as a Leader in the 2020 Magic Quadrant for Primary Storage Arrays. This is the seventh year in a row that Pure Storage has been named in the Leaders quadrant of various Gartner Magic Quadrants.

“This Magic Quadrant validates Pure’s strategy to enable code-based, real-time access to resilient hybrid cloud data storage for IT, and Developers and DevOps alike,” said Charles Giancarlo, Chairman and CEO, Pure Storage. “This is an honor achieved by our great team, loyal customers, and partners.”

In the last year, Pure has continued to innovate and deliver new solutions that solve pressing customer needs. This included announcing the third-generation all-NVMe FlashArray//X, providing Mission-Critical SAP Workloads on FlashArray, delivering a unified block-and-file solution with Purity 6.0 software, and bringing to market the capacity-optimized all-QLC FlashArray//C, which renders legacy hybrid disk obsolete. Pure also significantly increased adoption of Pure as-a-Service, which provides flexible consumption models for our customers. In 2020, Pure was also named a Gartner Peer Insights Customer’s Choice for Primary Storage.

A full copy of the Gartner Magic Quadrant for Primary Storage Arrays report is available here.

Gartner Disclaimer   
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner Peer Insights Customers’ Choice constitute the subjective opinions of individual end-user reviews, ratings, and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Gartner or its affiliates.

About Pure Storage   
Pure Storage (NYSE: PSTG) gives technologists their time back. Pure delivers a modern data experience that empowers organizations to run their operations as a true, automated, storage as-a-service model seamlessly across multiple clouds. One of the fastest-growing enterprise IT companies in history, Pure helps customers put data to use while reducing the complexity and expense of managing the infrastructure behind it. And with a certified customer satisfaction score in the top one percent of B2B companies, Pure’s ever-expanding list of customers are among the happiest in the world.

Pure Storage, the “P” Logo, DirectFlash, Evergreen, FlashArray, FlashBlade, FlashStack and Pure1 are trademarks or registered trademarks of Pure Storage, Inc. All other trademarks or names referenced in this document are the property of their respective owners.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/pure-storage-named-a-leader-in-gartner-magic-quadrant-for-primary-storage-arrays-301186026.html

SOURCE Pure Storage

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goeasy Ltd. Announces Sale of Minority Equity Interest in PayBright in connection with the Sale of PayBright to Affirm

goeasy to continue its commercial partnership with Affirm following the acquisition

MISSISSAUGA, Ontario, Dec. 03, 2020 (GLOBE NEWSWIRE) — goeasy Ltd. (TSX: GSY), (“goeasy” or the “Company”), a leading full-service provider of goods and alternative financial services, announced today the sale of its minority equity interest in PayBright Inc. (“PayBright”). As announced today by PayBright and Affirm Holdings Inc. (“Affirm”), the shareholders of PayBright have reached a definitive agreement (the “Definitive Agreement”) to sell 100% of the PayBright shares to Affirm. Additional details can be found within PayBright and Affirm’s joint press release at:

https://www.businesswire.com/news/home/20201203005862/en/Affirm-to-Acquire-PayBright-One-of-Canada’s-Leading-Buy-Now-Pay-Later-Providers-for-CAD-340-Million

In September 2019, goeasy invested $34.3 million to acquire a minority equity interest in PayBright. Under the terms of the sale transaction, goeasy will receive a mixture of cash and equity consideration in connection with closing, valued at up to $60.1 million, as determined in the manner set out in the Definitive Agreement. As of September 30, 2020, the Company’s equity interest in PayBright was held on its balance sheet at a value of $40 million, including $5.7 million of unrealized fair value gains recorded to date. As a result of the transaction, goeasy expects to record a further gain on the sale of its shares in PayBright, the amount of which will be determined once goeasy completes an accounting, tax and valuation review in connection with the upcoming financial reporting period. The sale of PayBright to Affirm, which is subject to certain closing conditions, is expected to close in early 2021.

“This transaction will deliver an attractive return on our equity investment and significant value for goeasy shareholders,” said Jason Mullins, goeasy’s President and Chief Executive Officer, “We look forward to continuing our commercial partnership with Affirm, who is regarded as one of North America’s most innovative and consumer focused buy-now-pay-later platforms. Together, we will continue to offer a frictionless full credit spectrum point-of-sale payments solution.”

About goeasy

goeasy Ltd., a Canadian company, headquartered in Mississauga, Ontario, provides non-prime leasing and lending services through its easyhome and easyfinancial divisions. With a wide variety of financial products and services including unsecured and secured instalment loans, goeasy aspires to help put Canadians on a path to a better financial future, as they rebuild their credit and graduate to prime lending. Customers can transact seamlessly with easyhome and easyfinancial through an omni-channel model that includes online and mobile, as well as over 400 leasing and lending locations across Canada supported by more than 2,000 employees. Throughout the company’s history, it has served over 1 million Canadians and originated $4.7 billion in loans, with one in three customers graduating to prime credit and 60% increasing their credit score within 12 months of borrowing.

goeasy is the proud recipient of several awards including Waterstone Canada’s Most Admired Corporate Cultures, Glassdoor Top CEO Award, Achievers Top 50 Most Engaged Workplaces in North America, Greater Toronto Top Employers Award, the Digital Finance Institute’s Canada’s Top 50 FinTech Companies, ranking on the TSX30 and placing on the Report on Business ranking of Canada’s Top Growing Companies. The company and its employees believe strongly in giving back to the communities in which it operates and has raised over $3 million to support its long-standing partnerships with the Boys & Girls Clubs of Canada and Habitat for Humanity.

goeasy Ltd.’s. common shares are listed on the TSX under the trading symbol “GSY”.  goeasy is rated BB- with a stable trend from S&P and Ba3 with a stable trend from Moody’s. Visit www.goeasy.com.

About PayBright

PayBright is one of Canada’s leading providers of installment payment plans for e-commerce and in-store purchases. Through partnerships with over 7,000 domestic and international retailers, PayBright allows Canadian consumers to buy now and pay later in a quick and easy experience. PayBright is fully integrated with leading retail partners including Hudson’s Bay, Oakley, SAIL, Steve Madden, eBay, Dynamite, SHEIN, Wayfair, Samsung, and Endy. PayBright’s installment plans range from four bi-weekly interest-free payments for smaller purchases, and up to 60 months for larger purchases. In 2017, PayBright powered Canada’s first-ever e-commerce installment payment transaction, and since then has grown its platform significantly. Unlike other installment payment options, PayBright does not require consumers to sign up for a credit card and does not charge hidden fees, retroactive interest, or revolving interest. PayBright was named Canada’s Fintech Company of the Year in 2019 by the Digital Finance Institute and was recently named to Deloitte’s Technology Fast 50 for 2020, recognizing Canada’s fastest-growing technology companies over the preceding four years. For more information, visit www.paybright.com.

Forward-Looking Statements

This press release includes forward-looking statements about the Company, including, but not limited to, expectations regarding the completion of the sale of the Company’s interest in PayBright, the anticipated consideration to be received by the Company pursuant to the Definitive Agreement, and the anticipated benefits to be realized by the Company in connection with such transaction. In certain cases, forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions, and/or can be identified by the use of words such as ‘expects’, ‘anticipates’, ‘intends’, ‘plans’, ‘believes’, ‘budgeted’, ‘estimates’, ‘forecasts’, ‘targets’ or negative versions thereof and similar expressions, and/or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. Forward-looking statements are based on certain factors and assumptions, including the expected value of the equity consideration to be received by the Company pursuant to the Definitive Agreement, the expected growth, market conditions, results of operations and business prospects of each of PayBright and goeasy and are inherently subject to, among other things, risks, uncertainties and assumptions about each of PayBright’s and goeasy’s operations, economic factors and the industry generally, as well as those factors referred to in the Company’s most recent annual information form and interim and annual management discussion and analysis, as available on www.sedar.com, in each case in the section entitled “Risk Factors”. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those expressed or implied by forward-looking statements made by the Company. The reader is cautioned to consider these and other factors carefully and not place undue reliance on forward looking statements. The Company is under no obligation (and expressly disclaims any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise, unless required by law.

For further information contact:

Jason Mullins
President & Chief Executive Officer
(905) 272-2788

Farhan Ali Khan
Senior Vice President, Corporate Development and Investor Relations
(905) 272-2788



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Auth0 Supports the Launch of Professional Services in AWS Marketplace

Global identity management provider one of the first AWS Partners to give AWS customers seamless access to professional services in AWS Marketplace

BELLEVUE, Wash., Dec. 03, 2020 (GLOBE NEWSWIRE) — Auth0, the identity platform for application teams, today announced that it is participating in the launch of Professional Services in AWS Marketplace. Amazon Web Services (AWS) customers can now find and purchase professional services from Auth0 in AWS Marketplace, a curated digital catalog of software, data, and services that makes it easy to find, test, buy, and deploy software and data products that run on AWS. As a participant in the launch, Auth0 is one of the first independent software vendors to quote and contract services in AWS Marketplace to help customers implement, support, and manage their software on AWS. Click here for more information.

As organizations migrate to the cloud, they want to use their preferred software solutions on AWS. AWS customers often utilize professional services from Auth0 to help implement the Auth0 platform and enable interoperability with their applications. Until now, AWS customers had to find and contract professional services outside of AWS Marketplace and could not acquire an identity platform solution and associated professional services in a single procurement experience. With professional services from Auth0 available in AWS Marketplace, customers have a simplified way to purchase and pay for both their subscription to the Auth0 platform and related professional services in a centralized place.

“Auth0 is proud to offer professional services in AWS Marketplace and provide AWS customers with additional support they may need for any identity implementation,” said Bill Lapcevic, VP of Business Development at Auth0. “We are excited to be one of the first independent software vendors to offer professional services as part of this launch and look forward to providing an even more comprehensive identity offering for AWS customers.”

Auth0 is an AWS Advanced Technology Partner that is participating in AWS re:Invent 2020, taking place November 30 – December 18, 2020. To learn more, visit: https://info.auth0.com/auth0-at-aws.html.

About Auth0

Auth0 provides a platform to authenticate, authorize, and secure access for applications, devices, and users. Security and application teams rely on Auth0’s simplicity, extensibility, and expertise to make identity work for everyone. Safeguarding billions of login transactions each month, Auth0 secures identities so innovators can innovate, and empowers global enterprises to deliver trusted, superior digital experiences to their customers around the world.

For more information, visit https://auth0.com or follow @auth0 on Twitter.

Media Contacts:

Global Communications
Auth0
[email protected]

Matter for Auth0
[email protected]



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Taubman Centers Declares Quarterly Preferred Dividends

Taubman Centers Declares Quarterly Preferred Dividends

BLOOMFIELD HILLS, Mich.–(BUSINESS WIRE)–
The Board of Directors (the “Board”) of Taubman Centers, Inc. (the “Company or “Taubman””) (NYSE: TCO) today declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares (NYSE: TCO PR J) and $0.390625 on its 6.25% Series K Cumulative Preferred Shares (NYSE: TCO PR K). The preferred dividends are payable to shareholders of record at the close of business on December 15, 2020, with payment to be made on December 31, 2020.

The payment on December 31, 2020 will be made irrespective of whether the closing of the previously announced merger of the Company involving Simon Property Group, Inc. occurs prior to such date.

The Board is not declaring a fourth quarter dividend on its common stock.

About Taubman

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet malls in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “we,” “us,” “our,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

Forward Looking Statements

This press release containscertain “forward-looking” statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are predictive in nature, that depend on or relate to future events or conditions, or that include words such as “believes”, “anticipates”, “expects”, “may”, “will”, “would”, “should”, “estimates”, “could”, “intends”, “plans” or other similar expressions are forward-looking statements.

Forward-looking statements involve significant known and unknown risks and uncertainties that may cause actual results in future periods to differ materially from those projected or contemplated in the forward-looking statements as a result of, but not limited to, the following factors: the COVID-19 pandemic and related challenges, risks and uncertainties which have had, and may continue to have, direct and indirect adverse impacts on the general economy, mall environment, tenants, customers, and employees, as well as mall and tenant operations (including the ability to remain open) and operating procedures, occupancy, anchor and mall tenant sales, sales-based rent, rent collection, leasing and negotiated rents, mall development and redevelopment activities and the fair value of assets (increasing the likelihood of future impairment charges); future economic performance, including stabilization and recovery from the impact of the COVID-19 pandemic; savings due to cost-cutting measures; payments of dividends and the sufficiency of cash to meet operational needs; changes in market rental rates; unscheduled closings or bankruptcies of tenants; relationships with anchor tenants; trends in the mall industry; challenges with department stores; changes in consumer shopping behavior, including accelerated trends resulting from the COVID-19 pandemic; the liquidity of real estate investments; the failure to receive, on a timely basis or otherwise, the required approvals by Taubman’s shareholders; the risk that a condition to closing of the transaction may not be satisfied; Simon Property Group, Inc (“Simon”)’s and Taubman’s ability to consummate the transaction; the possibility that the anticipated benefits from the transaction will not be fully realized (including Simon’s underwritten capitalization rate and its expectations regarding FFO per share accretion); the ability of Taubman to retain key personnel and maintain relationships with business partners pending the consummation of the transaction; and the impact of legislative, regulatory and competitive changes and other risk factors relating to the industries in which Simon and Taubman operate, as detailed from time to time in each of Simon’s and Taubman’s reports filed with the Securities and Exchange Commission (the “SEC”). There can be no assurance that the transaction will in fact be consummated.

Additional information about these factors and about the material factors or assumptions underlying such forward-looking statements may be found under Item 1.A in each of Simon’s and Taubman’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and the sections labeled “Risk Factors” and “Forward Looking Statements” in each of Simon and Taubman’s periodic reports on Form 10-Q for the fiscal quarters ended March 31, 2020, June 30, 2020 and September 30, 2020. Simon and Taubman caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on forward-looking statements to make decisions with respect to the proposed transaction, shareholders and others should carefully consider the foregoing factors and other uncertainties and potential events. All subsequent written and oral forward-looking statements concerning the proposed transaction or other matters attributable to Simon and Taubman or any other person acting on their behalf are expressly qualified in their entirety by the cautionary statements referenced above. The forward-looking statements contained herein speak only as of the date of this communication. Neither Simon nor Taubman undertakes any obligation to update or revise any forward-looking statements for any reason, even if new information becomes available or other events occur in the future, except as may be required by law.

Additional Information and Where to Find It

This communication is being made in respect of the proposed transaction involving Taubman and Simon. In connection with the proposed transaction, Taubman intends to file relevant materials with the SEC. On November 25, 2020, Taubman filed its preliminary proxy statement on Schedule 14A. Promptly after filing its definitive proxy statement with the SEC, Taubman will mail the definitive proxy statement and a proxy card to each shareholder of Taubman entitled to vote at the special meeting relating to the proposed transaction. This communication is not a substitute for the proxy statement or any other document that Taubman may file with the SEC or send to its shareholders in connection with the proposed transaction. BEFORE MAKING ANY VOTING DECISION, SHAREHOLDERS OF TAUBMAN ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE PROPOSED TRANSACTION THAT TAUBMAN WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TAUBMAN AND THE PROPOSED TRANSACTION. The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the proposed transaction (when they become available), and any other documents filed by TAUBMAN with the SEC, may be obtained free of charge at the SEC’s website (http://www.sec.gov) or at Taubman’s website (www.taubman.com).

Participants in the Solicitation

Taubman and certain of its directors, executive officers and employees may be considered participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders of Taubman in connection with the transaction, including a description of their respective direct or indirect interests, by security holdings or otherwise, is included in the Proxy Statement described above filed with the SEC. Additional information regarding Taubman’s directors and executive officers is also included in Taubman’s proxy statement on Schedule 14A for its 2020 Annual Meeting of Shareholders, which was filed with the SEC on July 2, 2020, or its Amended Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 27, 2020, as amended on April 29, 2020. These documents are available free of charge as described above.

Erik Wright, Taubman, Manager, Investor Relations, 248-258-7390

[email protected]

Maria Mainville, Taubman, Director, Strategic Communications, 248-258-7469

[email protected]

KEYWORDS: United States North America Michigan

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

MEDIA:

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SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Northern Genesis Acquisition Corp. Merger

WILMINGTON, Del., Dec. 03, 2020 (GLOBE NEWSWIRE) — Rigrodsky & Long, P.A. announces that it is investigating Northern Genesis Acquisition Corp. (“NGA”) (NYSE: NGA) regarding possible breaches of fiduciary duties and other violations of law related to NGA’s agreement to merge with The Lion Electric Company (“Lion Electric”).   Under the terms of the agreement, upon closing of the merger, Lion Electric’s shareholders will own approximately 70% of the combined company.

To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-northern-genesis-acquisition-corp.

You may contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or [email protected].

Rigrodsky & Long, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:         

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242 (Toll Free)
(302) 295-5310
Fax: (302) 654-7530
[email protected]
https://rl-legal.com



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AM Best Affirms Credit Ratings of Spirit Insurance Company and Radius Insurance Company

AM Best Affirms Credit Ratings of Spirit Insurance Company and Radius Insurance Company

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of Spirit Insurance Company (Spirit) (Colchester, VT) and Radius Insurance Company (Radius) (Cayman Islands). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect Spirit and Radius’ balance sheet strength, which AM Best categorizes as very strong, as well as their adequate operating performance, neutral business profile and appropriate enterprise risk management.

Spirit and Radius are captive insurers for their ultimate parent, Phillips 66 [NYSE: PSX], whose management incorporates the captives as core elements in its overall risk management program. The captives’ loss experience has remained generally favorable due in part to a lack of material catastrophe losses, as well as the parent’s strong loss control program. Phillips 66 conducts periodic reviews of Spirit and Radius’ potential loss exposures through an industrial risks specialist.

The captives’ underwriting risks largely consist of onshore and limited offshore property and liability business. Spirit provides property damage, business interruption, excess liability and employee medical reimbursement insurance to Phillips 66, its affiliates and subsidiaries’ domestic U.S. operations only; however, Spirit generally does not provide coverage for Texas-based risks. Radius provides similar coverage (property damage, business interruption, excess liability), as well as cargo insurance to Phillips 66, its affiliates, and subsidiaries’ non-U.S. risks in which Phillips 66 has ownership interests.

Spirit and Radius have exposure to high severity, low frequency losses due to the limits offered on their respective policies and their significant dependence on reinsurance protection. Additionally, Spirit provides terrorism coverage to its parent. While terrorism risk exposure remains relatively high on a gross basis, concerns are mitigated by reinsurance protection afforded by the Terrorism Risk Insurance Program Reauthorization Act, which expires in 2027.

AM Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated in the United States and throughout the world. For current Best’s Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media – Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Kourtnie Beckwith

Financial Analyst

+1 908 439 2200, ext. 5124

[email protected]

Susan Molineux

Director

+1 908 439 2200, ext. 5829

[email protected]

Christopher Sharkey

Manager, Public Relations

+1 908 439 2200, ext. 5159

[email protected]

Jim Peavy

Director, Communications

+1 908 439 2200, ext. 5644

[email protected]

KEYWORDS: Europe United States North America New Jersey

INDUSTRY KEYWORDS: Insurance Professional Services

MEDIA:

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Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Precigen, Inc. f/k/a Intrexon Corporation of Class Action Lawsuit and Upcoming Deadline – PGEN

NEW YORK, Dec. 03, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against certain officers of Precigen, Inc. f/k/a Intrexon Corporation (“Precigen” or the “Company”) (NASDAQ: PGEN).   The class action, filed in United States District Court for the Northern District of California, and docketed under 20-cv-07442, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise, acquired the Company’s securities between May 10, 2017 and March 2, 2020, both dates inclusive (the “Class Period”). Plaintiff seeks to recover compensable damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder.

If you are a shareholder who purchased Precigen securities during the class period, you have until December 4, 2020, to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.   To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 



[Click here for information about joining the class action]

Precigen f/k/a Intrexon purportedly operates in the synthetic biology field and creates biologically-based products.

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading because they misrepresented and failed to disclose the following adverse facts pertaining to the Company’s business, operations, and prospects, which were known to Defendants or recklessly disregarded by them. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company was using pure methane as feedstock for its announced yields for its methanotroph bioconversion platform instead of natural gas; (ii) yields from natural gas as a feedstock were substantially lower than the aforementioned pure methane yields; (iii) because of the substantial price difference between pure methane and natural gas, pure methane was not a commercially viable feedstock; (iv) the Company was under investigation by the SEC; and (v) as a result of the foregoing, Defendants’ public statements were materially false and misleading at all relevant times.

On March 2, 2020, during after-market hours, the Company filed a Form 10-K with the Securities and Exchange Commission (“SEC”), reporting the Company’s financial and operating results for the quarter and year ended December 31, 2019 (the “2019 10-K”). The 2019 10-K stated the following regarding the SEC’s investigation:

[I]n October 2018, the Company received a subpoena from the Division of Enforcement of the SEC informing the Company of a non-public, fact-finding investigation concerning the Company’s disclosures regarding its methane bioconversion platform.

Following the filing of the 2019 10-K, the Company’s stock price fell $0.67 per share, or 17.14%, to close at $3.24 per share on March 3, 2020.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980



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GiveGab Fundraising Platform Sees 63% Increase in Online Donations for GivingTuesday 2020

Ithaca, NY, Dec. 03, 2020 (GLOBE NEWSWIRE) — GiveGab, the number one digital solution for Giving Days and year-round fundraising, processed over $13.3 million in online donations this GivingTuesday, a 63% increase from the online totals for GivingTuesday 2019. From midnight through 11:59 pm on December 1, 2020, GiveGab powered 94 Giving Day sites and processed 104,525 gifts from 54,335 donors for 4,051 nonprofit organizations, with an average donation size of $127. 

One of GiveGab’s new Giving Days, The Panhandle Gives, powered by the Amarillo Area Foundation for nonprofits in the Panhandle area of Texas, reached over 175% of their goal this GivingTuesday.

“Historically in the USA, when there has been great need, there has been great generosity. And the people of the Texas Panhandle certainly lived up to that during The Panhandle Gives. We exceeded our goal of raising $2 million by raising $3.525 million dollars! One of the keys to the success of our campaign was using the GiveGab platform. Donors and nonprofits alike went out of their way to compliment the ease of use the site provides, and from an admin perspective, we couldn’t have asked for better support. Thank you for being an important part of our team GiveGab!” – Amy Lovell, Director of Philanthropic Partnerships at Amarillo Area Foundation

#weGiveCatholic, a Giving Day organized by the Catholic Community Foundation for Catholic organizations in Northeast Ohio, held its fifth annual Giving Day on GiveGab this year with amazing results. 

“This year, we had an opportunity to engage with our #weGiveCatholic supporters in new ways through GG Live. This provided a way for our organizations to connect with the Catholic community virtually and showcase their missions. We are thankful for the expertise provided by GiveGab in making our live-streaming experience a success, which helped us achieve new records in dollars raised and the number of donors who supported our ministries.” – Bob Hickey, Director of Development at Catholic Community Foundation

Learn more about the Giving Days that ran on GivingTuesday 2020 and the fundraising results across the GiveGab platform here. 

GiveGab has seen the growth of online giving during GivingTuesday for their partners every year since 2015, when the platform saw just over $176k raised. This year’s GivingTuesday marks another record, helping thousands of nonprofits raise over $13 million compared to just over $8 million raised online last year. 

“With the year we’ve just had following the pandemic, nonprofits needed more help than ever, so it was especially heartwarming to see the level of generosity we saw leading up to and during GivingTuesday. Our repeat Giving Days have averaged 74% growth in fundraising compared to last year, and that’s a testament to the drive and commitment of our partners to support their communities.” – Charlie Mulligan, CEO and Co-Founder of GiveGab 

About GiveGab:
GiveGab is the #1 digital solution for Giving Days and year-round fundraising tailored to cause-based organizations, community foundations, education institutions, hospital foundations, and public media outlets. GiveGab offers a complete suite of products and services that make online fundraising easy, enjoyable, and effective. 



Marcy Ogborn
GiveGab
607-745-7249
[email protected]