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LVS INVESTOR FILING DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Las Vegas Sands Corporation

PR Newswire

NEW YORK, Dec. 16, 2020 /PRNewswire/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired the securities of Las Vegas Sands Corp. (“Las Vegas Sands” or the “Company”) (NYSE: LVS) between February 27, 2016, and September 15, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the District of Nevada alleges violations of the Securities Exchange Act of 1934.

If you purchased Las Vegas Sands securities, and/or would like to discuss your legal rights and options please visit Las Vegas Sands Shareholder Lawsuit or contact Joseph R. Seidman, Jr. toll free at (877) 779-1414 or [email protected].

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) weaknesses existed in Marina Bay Sands’ casino control measures pertaining to fund transfers; (ii) the Marina Bay Sands’ casino was consequently prone to illicit fund transfers that implicated, among other issues, the transfer of customer funds to unauthorized persons and potential breaches in the Company’s anti-money laundering procedures; (iii) the foregoing foreseeably increased the risk of litigation against the Company, as well as investigation and increased oversight by regulatory authorities; (iv) Las Vegas Sands had inadequate disclosure controls and procedures; (v) consequently, all the foregoing issues were untimely disclosed; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On July 19, 2020, Bloomberg News reported that Las Vegas Sands had settled a lawsuit brought by a former patron, Wang Xi, meeting his demand for a S$9.1 million payment. Wang Xi had sued the Marina Bay Sands to recover funds that the casino allegedly transferred to other patrons from his casino deposit accounts in 2015 without his approval which triggered a probe into the casino by local authorities. Bloomberg News also reported that the U.S. Department of Justice was also scrutinizing whether anti-money laundering procedures had been breached in the way the Singapore casino handles high rollers.  On this news Las Vegas Sands’ stock price fell $1.41 per share, or 2.9% to close at $47.28 per share on July 20, 2020.

On September 16, 2020, Bloomberg reported that the Marina Bay Sands, a Las Vegas Sands’ Singapore-based casino, “hired a law firm to conduct a new investigation into employee transfers of more than $1 billion in gamblers’ money to third parties according to people familiar with the matter.”

On this news, the Las Vegas Sands’ stock price fell $2.18 per share, or 4.2% to close at $49.67 per share on September 16, 2020.

If you wish to serve as lead plaintiff, you must move the Court no later than December 21, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased Las Vegas Sands securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/lasvegassandscorporation-lvs-shareholder-class-action-lawsuit-stock-fraud-319/apply/ or contact Joseph R. Seidman, Jr. toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information


Joseph R. Seidman


Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected] 

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SOURCE Bernstein Liebhard LLP

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Pacific Drilling Announces Final Voting Results Indicating Overwhelming Acceptance of its Prearranged Plan of Reorganization

Pacific Drilling Announces Final Voting Results Indicating Overwhelming Acceptance of its Prearranged Plan of Reorganization

LUXEMBOURG–(BUSINESS WIRE)–
Pacific Drilling S.A. (OTC: PACDQ) announced today the final voting results on the First AmendedJoint Plan of Reorganization of Pacific Drilling S.A. and its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the “Plan”). The voting results indicate overwhelming acceptance of the Plan by the two classes entitled to vote on the Plan. The Company has received votes in favor of the Plan from (a) 97.87% in number of the holders of Class 3 First Lien Notes Claims that voted and 99.98% in amount of Class 3 First Lien Notes Claims that voted and (b) 100% in number and amount of the Holders of Class 4 Second Lien Notes Claims that voted. Based on the voting results, the Company believes that it remains on track for Plan confirmation at or shortly following the Plan confirmation hearing currently scheduled for December 21, 2020 in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) and for emergence from the Chapter 11 proceedings by year-end.

The Plan, if confirmed by the Bankruptcy Court, will de-lever the Company’s balance sheet by eliminating over $1 billion of funded debt obligations and provide the Company with access to additional liquidity to operate going forward through an $80,000,000 senior secured delayed draw term loan exit facility. The Company expects to emerge by year-end with approximately $180 million of liquidity, consisting of new capital in the form of the exit facility and approximately $100 million of cash and cash equivalents on hand.

Voting on the Plan ended on December 14, 2020. Prime Clerk LLC, the Company’s claims, noticing, and solicitation agent, has certified and filed the final voting results with the Bankruptcy Court on December 16, 2020.

Additional information regarding the restructuring and Chapter 11 proceedings, including the Plan, can be found (i) on our website at www.pacificdrilling.com/restructuring, (ii) on a website administered by Prime Clerk, at http://cases.primeclerk.com/PacificDrilling2020, or (iii) via our dedicated restructuring information line at: +1 877-930-4314 (toll free) or +1 347-897-4073 (international).

Advisors

Greenhill & Co. is acting as financial advisor, Latham & Watkins LLP and Jones Walker LLP are serving as legal counsel, and AlixPartners is acting as restructuring advisor to Pacific Drilling in connection with the restructuring. Houlihan Lokey is acting as financial advisor and Akin Gump Strauss Hauer & Feld LLP is acting as legal advisor to an ad hoc group of noteholders.

About Pacific Drilling

With our best-in-class drillships and highly experienced team, Pacific Drilling is committed to exceeding our customers’ expectations by delivering the safest, most efficient and reliable deepwater drilling services in the industry. Pacific Drilling’s fleet of seven drillships represents one of the youngest and most technologically advanced fleets in the world. For more information about Pacific Drilling, including the Chapter 11 proceedings and the Plan of Reorganization, please visit our website at www.pacificdrilling.com.

Forward-Looking Statements

Certain statements and information contained in this press release constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are generally identifiable by their use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “intend,” “our ability to,” “may,” “plan,” “potential,” “predict,” “project,” “projected,” “should,” “will,” “would”, or other similar words which are not generally historical in nature. The forward-looking statements speak only as of the date hereof, and we undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Our forward-looking statements express our current expectations or forecasts of possible future results or events, including the potential outcome of the Chapter 11 proceedings; the future impact of the COVID-19 pandemic on our business, future financial and operational performance and cash balances; our future liquidity position and future efforts to improve our liquidity position; revenue efficiency levels; market outlook; forecasts of trends; future client contract opportunities; future contract dayrates; our business strategies and plans or objectives of management; estimated duration of client contracts; backlog; expected capital expenditures; projected costs and savings; expectations regarding the outcome of the ongoing bankruptcy proceedings of our two subsidiaries against whom the arbitration award related to the drillship known as the Pacific Zonda in favor of Samsung Heavy Industries Co. Ltd. (“SHI”) was rendered and the potential impact of the arbitration tribunal’s decision on our future operations, financial position, results of operations and liquidity.

Although we believe that the assumptions and expectations reflected in our forward-looking statements are reasonable and made in good faith, these statements are not guarantees, and actual future results may differ materially due to a variety of factors. These statements are subject to a number of risks and uncertainties and are based on a number of judgments and assumptions as of the date such statements are made about future events, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in such statements due to a variety of factors, including if one or more of these risks or uncertainties materialize, or if our underlying assumptions prove incorrect.

Important factors that could cause actual results to differ materially from our expectations include: the potential outcome of our Chapter 11 proceedings; evolving risks from the COVID-19 outbreak and resulting significant disruption in international economies, and international financial and oil markets, including a substantial decline in the price of oil during 2020, which if sustained would continue to have a material adverse effect on our financial condition, results of operations and cash flow; changes in actual and forecasted worldwide oil and gas supply and demand and prices, and the related impact on demand for our services; the offshore drilling market, including changes in capital expenditures by our clients; rig availability and supply of, and demand for, high-specification drillships and other drilling rigs competing with our fleet; our ability to enter into and negotiate favorable terms for new drilling contracts or extensions of existing drilling contracts; our ability to successfully negotiate and consummate definitive contracts and satisfy other customary conditions with respect to letters of intent and letters of award that the Company receives for our drillships; actual contract commencement dates; possible cancellation, renegotiation, termination or suspension of drilling contracts as a result of mechanical difficulties, performance, market changes or other reasons; costs related to stacking of rigs and costs to reactivate a stacked rig; downtime and other risks associated with offshore rig operations, including unscheduled repairs or maintenance, relocations, severe weather or hurricanes or accidents; our small fleet and reliance on a limited number of clients; the outcome of our subsidiaries’ bankruptcy proceedings and any actions that SHI or others may take in the bankruptcy or other proceedings against the Company and our subsidiaries; our ability to continue as a going concern; our ability to obtain Bankruptcy Court approval with respect to motions or other requests made to the Bankruptcy Court in the Chapter 11 proceedings; our ability to confirm and consummate the prearranged Plan; the effects of the Chapter 11 proceedings on our operations and agreements, including our relationships with employees, regulatory authorities, customers, suppliers, banks and other financing sources, insurance companies and other third parties; the length of time that the Company will operate under Chapter 11 protection and the continued availability of operating capital during the pendency of the Chapter 11 proceedings; risks associated with third-party motions in the Chapter 11 proceedings, which may interfere with our ability to confirm and consummate the prearranged Plan; increased advisory costs to execute the prearranged Plan; the potential adverse effects of the Chapter 11 proceedings on our liquidity, results of operations, or business prospects; increased administrative and legal costs related to the Chapter 11 proceedings and other litigation and the inherent risks involved in a bankruptcy process; the potential effects of the delisting of our common shares from trading on the New York Stock Exchange, including how long our common shares will trade on the over-the-counter market; the potential effects of the anticipated suspension by the Company of its reporting obligations to the Securities and Exchange Commission (“SEC”); and the other risk factors described in our 2019 Annual Report on Form 10-K filed with the SEC on March 12, 2020, as updated by our Quarterly Reports on Form 10-Q as filed with the SEC on May 8, August 7, and November 6, 2020 and subsequent filings with the SEC. These documents are available through our website at www.pacificdrilling.com or through the SEC’s website at www.sec.gov.

Investor Contact:

James Harris

Pacific Drilling S.A.

+713 334 6662

[email protected]

Media Contact:

Amy L. Roddy

Pacific Drilling S.A.

+713 334 6662

[email protected]

KEYWORDS: Texas Europe Luxembourg United States North America

INDUSTRY KEYWORDS: Maritime Energy Transport Oil/Gas

MEDIA:

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FAF INVESTOR FILING DEADLINE: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Filed Against First American Financial Corporation

PR Newswire

NEW YORK, Dec. 16, 2020 /PRNewswire/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired the securities of First American Financial Corporation (“First American” or the “Company”) (NYSE: FAF) between February 17, 2017 and October 22, 2020 (the “Class Period”). The lawsuit filed in the United States District Court for the Central District of California alleges violations of the Securities Exchange Act of 1934.

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

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors:(1) the Company failed to implement basic security standards to protect its customers’ sensitive personal information and data; (2) the Company faced a heightened risk of cybersecurity failure due to its automation and efficiency initiatives; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times.

On May 24, 2019, KrebsOnSecurity.com (“Krebs”) reported a massive data exposure by First American in which approximately 885  million customer files were exposed by First American. On this news, shares of First American fell $3.46 per share, or over 6%, to close at $51.80 on May 25, 2019.

Then, on October 22, 2020, First American filed a quarterly report on Form 10-Q with the SEC, announcing that the Company had received a wells notice regarding its massive security breach.  On this news the price of First American shares fell approximately $4.83 per share, or 9% to close at $46.75 per share on October 22, 2020.

If you wish to serve as lead plaintiff, you must move the Court no later than December 24, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased First American securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/firstamericanfinancialcorporation-faf-shareholder-class-action-lawsuit-stock-fraud-328/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

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SOURCE Bernstein Liebhard LLP

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PEN INVESTIGATION ALERT: Bernstein Liebhard is Investigating Penumbra, Inc. For Violations of the Securities Laws

PR Newswire

NEW YORK, Dec. 16, 2020 /PRNewswire/ — Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Penumbra, Inc. (“Penumbra” or the “Company”) (NYSE: PEN) resulting from allegations that Penumbra might have issued misleading information to the investing public.

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

On December 8, 2020, Quintessential Capital Management (“QCM”) published a report entitled: “Is Penumbra’s Core Scientific Research Authored by a Fake Person?” In the report, QCM alleged that “a substantial portion of scientific literature produced by Penumbra appears to have been authored by a fictional character.” QCM performed extensive internet research and found that several Penumbra research papers promoting its own devices were authored by a “Dr. Antik Bose,” who QCM claims is “just a fake internet persona[.]”

On this news, Penumbra’s stock price fell $19.95 per share, nearly 9%, to close at $204.07 per share on December 8, 2020

On December 15, 2020, after the markets closed, Penumbra announced that it was “voluntarily recalling all configurations” of its JET 7 Xtra Flex Reperfusion Catheter “because the catheter may become susceptible to distal tip damage during use.” This news came after a November 10, 2020 QCM report called: “Penumbra and its ‘Killer Catheter.'” In this report, QCM conducted interviews with “[n]euroradiologists [and] former FDA senior staff” and found that the JET 7 device was “linked to 18 recorded deaths [and] 39 injuries.”

Following the recall, Penumbra’s shares are trading at approximately $173.00 per share, down over 16%, on December 16, 2020.

If you purchasedPenumbra securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/penumbrainc-pen-shareholder-class-action-lawsuit-fraud-stock-345/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

Matthew E. Guarnero

Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

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SOURCE Bernstein Liebhard LLP

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Seadrill Limited (SDRL): AOD Cash Utilisation

PR Newswire

HAMILTON, Bermuda, Dec. 17, 2020 /PRNewswire/ — The Board of Seadrill Limited (“Seadrill” or the “Company”) (OSE: SDRL) (OTCQX: SDRLF) has been informed that the lenders in the AOD facility (under which Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia Offshore Rig 3 Limited are borrowers) have utilised $97.2 million of AOD’s cash contained in restricted accounts secured against their facility to repay a corresponding amount of the $210 million debt outstanding as of today. This leaves $112.8 million of such debt outstanding going forward. The AOD facility maintains sufficient cash to support AOD’s operations and this event will have no impact to continued operations.

The face value of the net debt on the balance sheet remains unchanged as a result of this action and Seadrill maintains its strong liquidity position as it progresses in discussions with the broader group of lenders. The Company’s cash balance remains sufficient to manage liquidity requirements through a formal restructuring process. At the close of third quarter 2020, Seadrill had a total cash balance of $851m including the cash in the AOD companies.

The Company continues constructive dialogue with its lenders and maintains its readiness to carry out a comprehensive restructuring of its balance sheet which may involve the use of a court-supervised process. It is expected that potential solutions will lead to significant equitization of debt which is likely to result in minimal or no recovery for current shareholders.

FORWARD LOOKING STATEMENTS

This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company’s plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made based upon management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company’s regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward looking statement.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

CONTACT:

[email protected]

020 3745 4960

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SOURCE Seadrill Limited

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NEOS THERAPEUTICS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Neos Therapeutics, Inc. – NEOS

PR Newswire

NEW ORLEANS, Dec. 16, 2020 /PRNewswire/ — Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Neos Therapeutics, Inc. (NasdaqGS: NEOS) to Aytu BioScience, Inc. (NasdaqGS: AYTU).  Under the terms of the proposed transaction, shareholders of Neos will receive only 0.1088 shares of Aytu for each share of Neos that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit  https://www.ksfcounsel.com/cases/nasdaqgs-neos/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC
1100 Poydras St., Suite 3200
New Orleans, LA 70163

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SOURCE Kahn Swick & Foti, LLC

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EQT Private Equity makes a majority investment in Storable, the leading software & technology provider to the self-storage industry

– Storable is the leading provider of software, payments, insurance, and marketplace solutions to the self-storage industry in the US

– EQT Private Equity will support Storable’s continued growth and innovation of its best-in-class product offerings

– Storable will benefit from EQT’s demonstrated track record of advancing industry leading technology companies and vast expertise in accelerating digital transformation, leveraging its in-house resources and global EQT advisory network

PR Newswire

STOCKHOLM, Dec. 16, 2020 /PRNewswire/ — EQT is pleased to announce that EQT Private Equity has made a majority investment in Storable (“the Company”), a leading provider of software and technology to the self-storage industry. Under the terms of the agreement Cove Hill Partners and management will retain a minority stake in the Company.

Storable offers an end-to-end integrated suite of technology solutions to empower self-storage operators to enhance efficiency and optimize occupancy. Storable’s offering includes a market leading software platform with embedded payment and insurance solutions and the leading online marketplace for self-storage operators. Storable is headquartered in Austin, Texas and has approximately 440 employees.

The end-market for self-storage is highly fragmented, has experienced consistent growth over the last few years and is undergoing significant digital transformation. EQT will support Storable’s continued scaling through investments in product innovation and commercial excellence, with a focus on sustainability. EQT has a long track record of advancing strong technology businesses through its collaborative governance approach with management, in-house digital team and global network of EQT advisors.

Arvindh Kumar, Partner at EQT Partners, said: “EQT is excited to invest in Storable and looks forward to partnering with Chuck Gordon and the entire team towards becoming the leading self-storage technology company in the world, doing so in a sustainable and future-proofed manner. The highly fragmented end-market for self-storage has experienced strong growth over the last several years and is undergoing significant digital transformation, for which EQT can provide global expertise. This investment demonstrates EQT’s strong interest in partnering with best-in-class technology companies supported by secular growth trends, exemplified by the self-storage industry.”

Chuck Gordon, CEO of Storable, added: “The entire Storable team is excited to partner with EQT to continue doing what we do best – helping our self-storage owners run better businesses with technology. EQT’s expertise will enable us to further enhance our existing products and launch new technology tools to help our storage clients increase their bottom line. Our clients should expect the same high standards of innovation, data privacy and support going forward.

Dan May, Managing Director of Cove Hill Partners and member of the Storable Board of Directors, added: “Cove Hill is thrilled to be continuing its strong partnership with Chuck and the Storable team as it enters its next chapter of growth. We look forward to welcoming EQT as a strategic partner, as Storable finds new ways to innovate its product offering and provide exceptional value to its dedicated customer base.”

The transaction is expected to close in Q2 2021, subject to customary conditions and approvals.

Evercore acted as financial advisor to EQT, Simpson Thacher & Bartlett LLP provided legal counsel and Kramer Levin Naftalis & Frankel LLP provided insurance counsel. William Blair & Company acted as financial advisors to Cove Hill Partners, and Ropes & Gray LLP provided legal counsel.

With this transaction, EQT IX is expected to be 30-35 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on its target fund size, and subject to customary regulatory approvals.

Contact

Arvindh Kumar, Partner at EQT Partners and Investment Advisor to EQT Private Equity, +1 917 281 0858
US press contact: [email protected], +1 917 574 8582
European / international press contact: [email protected], +46 8 506 55 334


About EQT


EQT is a purpose-driven global investment organization
 with more than EUR 75 billion in raised capital and over EUR 46 billion in assets under management across 16 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and North America with total sales of more than EUR 27 billion and approximately 159,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info:

www.eqtgroup.com


Follow EQT on

LinkedIn
, Twitter, YouTube and Instagram


About Storable


Headquartered in Austin, Texas, Storable offers the self-storage industry’s most comprehensive suite of technology products known as the Storable Platform. The Storable Platform delivers management software, marketing websites, tenant insurance, payments, and the industry’s largest storage marketplace all in one integrated solution, designed to help storage operators increase efficiency, enhance occupancy, and improve profitability. The Storable family of companies includes SiteLink, storEDGE, Easy Storage Solutions, SpareFoot, Select Merchant Solutions, Storsmart, and Bader Insurance. Storable is backed by EQT and Cove Hill Partners and led by Co-Founder & CEO, Chuck Gordon.

More info:

www.storable.com


About Cove Hill


Cove Hill Partners is a long-term oriented private equity firm focused on partnering with outstanding management teams to build market-leading consumer and technology companies. The firm was founded in 2017 by seasoned private equity investors to invest their personal capital alongside a small group of likeminded investors. The team currently manages an inaugural fund of over $1 billion with an innovative structure that provides the flexibility to enable a patient, concentrated and value-add approach in a small portfolio of long-term investments.

More info:


www.covehillpartners.com

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SOURCE EQT

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Mitsubishi Electric to Launch HV100 Dual Type X-Series HVIGBT Modules

Mitsubishi Electric to Launch HV100 Dual Type X-Series HVIGBT Modules

For extra powerful and efficient inverter systems in railways, electric power systems and more

TOKYO–(BUSINESS WIRE)–Mitsubishi Electric Corporation (TOKYO: 6503) announced today the coming launch of two new HV100 dual type X-Series HVIGBT modules for higher power, efficiency and reliability in inverter systems for large industrial equipment such as railways and electric power systems. The modules achieve industry-leading* dual type 600A current ratings with 10kVrms isolation voltage, believed to be unmatched among silicon HVIGBT modules rated at 3.3kV. Sample shipments will start in April 2021.

* According to Mitsubishi Electric research as of December 17, 2020.

Product Features

1) Industry-leading 600A rating for increased capacity

  • Current rating of 600A, tops among high-current-density dual types with 10 kVrms isolation voltage and 3.3kV collector-emitter voltage, will help realize high-power, high-efficiency inverter systems for large industrial equipment such as electric railways and DC transmission systems.
  • Seventh-generation IGBTs incorporating CSTBT and RFC diodes achieve 8.57A/cm2 power density, unsurpassed by other Si-modules (3.3kV/600A version)

For the full text, please visit: www.MitsubishiElectric.com/news/

Customer Inquiries

Power Device Overseas Marketing Dept.A and Dept.B

Mitsubishi Electric Corporation

www.MitsubishiElectric.com/semiconductors/

Media Inquiries

Takeyoshi Komatsu

Public Relations Division

Mitsubishi Electric Corporation

Tel: +81-3-3218-2346

[email protected]

www.MitsubishiElectric.com/news/

KEYWORDS: Japan Asia Pacific

INDUSTRY KEYWORDS: Other Manufacturing Technology Rail Engineering Transport Utilities Manufacturing Energy Hardware

MEDIA:

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Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At FireEye, Inc.

PR Newswire

NEW YORK, Dec. 16, 2020 /PRNewswire/ — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of FireEye, Inc. (“FireEye” or the “Company”) (NASDAQ: FEYE).

On December 8, 2020, after the market closed, cybersecurity company FireEye disclosed in a Form 8-K filing with the SEC that the Company was attacked by a highly sophisticated cyber threat actor and that it was investigating the incident in coordination with the Federal Bureau of Investigation and other key partners. 

Following this news, FireEye’s shares fell $2.03 per share, more than 13%, to close at $13.49 per share on December 9, 2020.

Subsequently, on December 13-14, 2020, in a blog and a Form 8-K filing with the SEC, FireEye provided an update that the compromise was “delivered through updates to a widely-used IT infrastructure management software – the Orion network monitoring product from SolarWinds” and that FireEye “ha[d] been in close coordination with SolarWinds, the Federal Bureau of Investigation, and other key partners.”  Further, FireEye said that based on its analysis, “we have now identified multiple organizations where we see indications of compromise dating back to the Spring of 2020.”

If you purchased or otherwise acquired FireEye securities and would like to discuss our investigation, please contact us by emailing [email protected] or by calling (646) 315-9003. 

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

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this investigation, your rights, or your interests, please contact:

Jeffrey P. Campisi

KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(212) 329-8571
E-mail: [email protected]

Laurence D. King

KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: [email protected]

Cision View original content:http://www.prnewswire.com/news-releases/investor-alert-kaplan-fox-investigates-potential-securities-fraud-at-fireeye-inc-301194677.html

SOURCE Kaplan Fox & Kilsheimer LLP

Posted on

Gamida Cell Announces Launch of Public Offering of Ordinary Shares

Gamida Cell Announces Launch of Public Offering of Ordinary Shares

BOSTON–(BUSINESS WIRE)–Gamida Cell Ltd. (Nasdaq: GMDA), an advanced cell therapy company committed to cures for blood cancers and serious hematologic diseases, today announced the launch of a follow-on public offering of its ordinary shares. In addition, Gamida Cell expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the ordinary shares to be sold in the offering on the same terms and conditions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed. All of the shares in the offering are to be sold by Gamida Cell.

Gamida Cell intends to use the net proceeds from this offering, together with its existing cash and cash equivalents, available for sale and short-term deposits: to fund (i) the preparation of a potential commercial launch of omidubicel; (ii) the continued clinical development of its product candidates, including GDA-201; (iii) the expansion of its commercial manufacturing capabilities; and (iv) general corporate purposes, including general and administrative expenses and working capital.

Piper Sandler & Co., Evercore Group L.L.C. and JMP Securities LLC are acting as joint book-running managers for this offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission on Form F-3 (File No. 333-234701) and declared effective on November 27, 2019. This offering will be made only by means of a prospectus supplement. Copies of the preliminary prospectus supplement and the accompanying prospectus related to this offering may be obtained, when available, from: Piper Sandler & Co., 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402, Attention: Prospectus Department, by telephone at (800) 747-3924 or by email at [email protected]; Evercore Group L.L.C., 55 East 52nd Street, New York, New York 10055, Attention: Equity Capital Markets, by telephone: (888) 474-0200, or by email: [email protected]; or JMP Securities LLC, 600 Montgomery Street, 10th Floor, San Francisco, CA 94111, Attention: Prospectus Department, by calling (415) 835-8985 or by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Gamida Cell

Gamida Cell is an advanced cell therapy company committed to cures for blood cancers and serious blood diseases. We harness our cell expansion platform to create therapies with the potential to redefine standards of care in areas of serious medical need.

Forward Looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, including with respect to the timing, size and use of proceeds of the offering described herein, and its expectations with respect to granting the underwriters a 30-day option to purchase additional ordinary shares. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those that are described in the Risk Factors sections of the preliminary prospectus supplement for such offering to be filed with the SEC, and the documents incorporated by reference therein, including without limitation the Company’s Annual Report on Form 20-F filed with the SEC on February 26, 2020, the accompanying prospectus and other filings that Gamida Cell makes with the SEC from time to time (which are available at http://www.sec.gov), which could cause the events and circumstances discussed in such forward-looking statements not occur on the terms described or at all. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Gamida Cell undertakes no obligation to update any such forward-looking statements after the date hereof, except as required by law.

Investor:

Stephanie Ascher

Stern Investor Relations, Inc.

[email protected]

1-212-362-1200

Media Inquiries:

Matthew Corcoran

Ten Bridge Communications

[email protected]

1-617-866-7350

KEYWORDS: United States North America Massachusetts

INDUSTRY KEYWORDS: Biotechnology General Health Health

MEDIA: