Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At SolarWinds Corporation

PR Newswire

NEW YORK, Dec. 16, 2020 /PRNewswire/ — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of SolarWinds Corporation (“SolarWinds” or the “Company”) (NYSE: SWI), a software company that provides IT management tools. 

On December 8, 2020, cybersecurity company FireEye, Inc. (“FireEye”) announced that FireEye was attacked by a highly sophisticated cyber threat actor and investigating the incident with the FBI and other key partners.  Later, on Sunday, December 13, 2020, FireEye provided an update that the “compromise is delivered through updates to a widely-used IT infrastructure management software – the Orion network monitoring product from SolarWinds.”

Then, on December 14, 2020, SolarWinds disclosed that it had become “aware of a cyberattack that inserted a vulnerability within its Orion monitoring products which, if present and activated, could potentially allow an attacker to compromise the server on which the Orion products run.”  SolarWinds also disclosed that based on its investigation, the vulnerability was inserted within the Orion products and existed in updates released between March and June 2020 and that it had sent a communication to approximately 33,000 customers that were active maintenance customers during and after the relevant period.

Following this news, SolarWinds’ shares fell $3.93 per share, about 16.7%, to close at $19.62 per share.

Since then, the Washington Post and other news sources have reported that “[t]op investors in SolarWinds . . . sold millions of dollars in stock in the days before the intrusion was revealed.”

If you purchased or otherwise acquired SolarWinds 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]

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SOURCE Kaplan Fox & Kilsheimer LLP

QIWI ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Qiwi Plc and Encourages Investors to Contact the Firm

QIWI ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Qiwi Plc and Encourages Investors to Contact the Firm

NEW YORK–(BUSINESS WIRE)–
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of investors that purchased Qiwi Plc (NASDAQ: QIWI) securities between March 28, 2019 and December 9, 2020 (the “Class Period”). Investors have until February 9, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

Qiwi together with its subsidiaries, purports to operate electronic online payment systems primarily in the Russia, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally.

On December 9, 2020, after the market closed, Qiwi filed a Form 6-K with the SEC, announcing that the Central Bank of Russia had imposed a fine of approximately $150,000 for deficient record-keeping and reporting, and suspended the Company’s conduct most types of payments to foreign merchants and money transfers to pre-paid cards from corporate accounts.

On this news, Qiwi’s ADS price fell $2.80 per share, or 20.6%, to close at $10.79 per share on December 10, 2020.

The complaint, filed on December 11, 2020, alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Qiwi’s internal controls related to reporting and record-keeping were ineffective; (2) consequently, the Central Bank of Russia would impose a monetary fine upon the Company and impose restrictions upon the Company’s ability to make payments to foreign merchants and transfer money to pre-paid cards; and (3) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you purchased QIWI securities during the Class Period and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Bragar Eagel & Squire, P.C.

Brandon Walker, Esq.

Melissa Fortunato, Esq.

Marion Passmore, Esq.

(212) 355-4648

[email protected]

www.bespc.com

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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SEMICONDUCTOR MANUFACTURING INTERNATIONAL ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Semiconductor Manufacturing International Corporation and Encourages Investors to Contact the Firm

SEMICONDUCTOR MANUFACTURING INTERNATIONAL ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Semiconductor Manufacturing International Corporation and Encourages Investors to Contact the Firm

NEW YORK–(BUSINESS WIRE)–
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of investors that purchased Semiconductor Manufacturing International Corporation (“SMIC”) (Other OTC: SMICY) securities between April 23, 2020 and September 26, 2020 (the “Class Period”). Investors have until February 8, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

SMIC purports to be an investment holding company principally engaged in the computer-aided design, manufacture, testing, packaging and trading of integrated circuits (“IC”), as well as the provision of other semiconductor services. The Company is also involved in the design and manufacture of semiconductor masks and various types of wafers. The Company distributes its products in China and to overseas markets, such as Europe and the United States.

On September 4, 2020, Reuters published an article entitled “EXCLUSIVE-Trump administration weighs blacklisting China’s chipmaker SMIC.”

On this news, SMIC’s ADR price fell $3.08 per ADR, or over 20%, to close at $12.02 per ADR on September 8, 2020, the next trading day.

On September 26, 2020, Reuters published an article entitled “U.S. tightens exports to China’s chipmaker SMIC, citing risk of military use.”

On this news, SMIC’s ADR price fell $0.57 per ADR, or 4.7%, to close at $11.47 per ADR on September 28, 2020, the next trading day.

The complaint, filed on December 10, 2020, alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) there was an “unacceptable risk” that equipment supplied to SMIC would be used for military purposes; (2) SMIC was foreseeably at risk of facing U.S. restrictions; (3) as a result of restrictions by the U.S. Department of Commerce, certain of SMIC’s suppliers would need “difficult-to-obtain” individual export licenses; and (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you purchased SMIC securities during the Class Period and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Bragar Eagel & Squire, P.C.

Brandon Walker, Esq.

Melissa Fortunato, Esq.

Marion Passmore, Esq.

(212) 355-4648

[email protected]

www.bespc.com

KEYWORDS: California New York North America United States Asia Pacific Europe China

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Covia Holdings and Kandi Technologies and Encourages Investors to Contact the Firm

NEW YORK, Dec. 16, 2020 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Covia Holdings Corporation (Other OTC: CVIAQ) and Kandi Technologies Group, Inc. (NASDAQ: KNDI). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

Covia Holdings Corporation (Other OTC: CVIAQ)

Class Period: March 15, 2016 to June 29, 2020

Lead Plaintiff Deadline: February 8, 2021

On March 22, 2019, the Company filed a Form 10-K for the fiscal year ended December 31, 2018 (the “2018 10-K”) with the SEC, which provided the Company’s fiscal year 2018 financial results and position. In the 2018 10-K, the Company revealed that it had received a subpoena from the SEC investigating certain value-added proppants.

On this news, the Company’s share prices dropped by $0.45, or approximately 6.9%, from closing at $6.50 on March 22, 2019 to close at $6.05 on March 25, 2019, the next trading day.

On November 6, 2019, the Company filed a Form 10-Q for the quarterly period ended September 30, 2019 (the “3Q19 10-Q”) with the SEC, which provided the Company’s third quarter financial results and position. In the 3Q19 10-Q, the Company revealed that, in addition to the March 18, 2019 SEC subpoena, additional information was requested and subpoenaed regarding current and former employees.

On this news, the Company’s share prices dropped by $0.07, or approximately 4.3%, from opening at $1.63 on November 6, 2019 to close at $1.56.

On June 29, 2020, the Company announced that it had entered into a comprehensive restructuring agreement with lenders and voluntarily filed petitions under Chapter 11 of the United States Bankruptcy Code to implement the agreement.

On June 30, 2020, the NYSE delisted the Company, stating in part, “the Company is no longer suitable for listing [. . .] after the Company’s June 29, 2020 disclosure that the Company filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code[.]”

On this news, the Company’s share prices fell $0.18, or 37.5%, from closing at $0.48 on June 29, 2020, suspending trading June 30, 2020, and resuming trading OTC on July 1, 2020 at $0.30.

The complaint, filed on December 10, 2020, alleges that defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s proprietary ‘value-added’ proppants were not necessarily more effective than ordinary sand; (2) the Company’s revenues, which were dependent on its proprietary ‘value-added’ proppants, was based on misrepresentations; (3) when Company insiders raised this issue, the defendants did not take meaningful steps to rectify the issue; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

For more information on the Covia class action go to: https://bespc.com/cases/CVIAQ

Kandi Technologies Group, Inc. (NASDAQ: KNDI)

Class Period: March 15, 2019 to November 27, 2020

Lead Plaintiff Deadline: February 9, 2021

On November 30, 2020, Hindenburg Research (“Hindenburg”) published a report entitled “Kandi: How This China-Based NASDAQ-Listed Company Used Fake Sales, EV Hype to Nab $160 Million From U.S. Investors”. Citing “extensive on-the-ground inspection at Kandi’s factories and customer locations in China, interviews with over a dozen former employees and business partners, and review of numerous litigation documents and international public records”, the Hindenburg report asserted that almost 64% of Kandi’s sales over the year have been to undisclosed related parties. The report also alleged that “[Kandi] has consistently booked revenue it cannot collect, a classic hallmark of fake revenue[.]”

Following the publication of the Hindenburg report, Kandi’s stock price fell $3.86 per share, or 28.34%, to close at $9.76 per share on November 30, 2020.

The complaint, filed on December 11, 2020, alleges that throughout the Class Period defendants made materially false and misleading statements regarding the Company’s business, operational, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) Kandi artificially inflated its reported revenues through undisclosed related party transactions, or otherwise had relationships with key customers that indicated those customers did not have an arms-length relationship with Kandi; (ii) the majority of Kandi’s sales in the past year had been to undisclosed related parties and/or parties with such a close relationship and history with Kandi that it cast doubt on the arms-length nature of their relationship; (iii) all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of Kandi’s reported revenues and, in turn, have a foreseeable negative impact on the Company’s reputation and valuation; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

For more information on the Kandi class action go to: https://bespc.com/cases/KNDI

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Marion Passmore, Esq.
(212) 355-4648
[email protected]
www.bespc.com



Barsele Files Amended Technical Report and Amended AIF

PR Newswire

VANCOUVER, BC, Dec. 16, 2020 /PRNewswire/ – Barsele Minerals Corp. (TSXV: BME) (the “Company” or “Barsele“) reports that it has filed an amended technical report entitled “NI 43-101 Technical Report and Mineral Resource Estimate (Amended) for the Barsele Property” (the “Amended Technical Report“) and an amended annual information form for the year ended December 31, 2019 (the “Amended AIF“). The Amended Technical Report and the Amended AIF address comments raised by the British Columbia Securities Commission (the “BCSC“) in the course of a review. The Amended Technical Report contains no material differences to the original technical report filed on April 2, 2019. The Amended AIF incorporates the executive summary from the Amended Technical Report and contains no material differences to the original annual information form for the year ended December 31, 2019 filed on October 28, 2020. The BCSC review is now complete.

The Mineral Resources and conclusions and recommendations provided in the original report all remain unchanged. The report, effective February 21, 2019, and amended as of December 16, 2020, was prepared in accordance with the Canadian Securities Administrators’ National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“).

A summary description of the changes to the Amended Technical Report include:

  • Updated summary of certain Qualified Person’s (“QP“) prior involvement with the property.
  • Identification and confirmation of certain individual QP interpretations, recommendations and conclusions as opposed to their engineering firm.
  • Reconciliation of reliance on other experts section of the Amended Technical Report to sources concerning legal matters only and the deletion of certain references to reliance on experts that were inconsistent with the requirements of NI 43-101.
  • Revisions to disclosure of certain historical estimates to include disclosure required under NI 43-101.
  • Clarification of the constraints used in classifying the Mineral Resource estimates in respect of the open pit optimization.
  • Revisions to certain exploration work disclosure in the Amended Technical Report to include relevant information regarding sampling methods, instrumentation and procedures.
  • Deletion of certain disclosure with respect to mineral resource estimates for properties adjacent to the Barsele project.
  • Deletion of certain historical exploration work performed by the Company that was not consistent with the requirements of NI 43-101.
  • Clarification that reference to specific extraction methods in the Amended Technical Report are only used to establish reasonable prospects for an eventual economic extraction.

A copy of the Amended Technical Report and Amended AIF are available on SEDAR (www.sedar.com) and the Company’s website (www.barseleminerals.com).

Art Freeze, P.Geo, is the Qualified Person as defined in NI 43-101 who has approved the scientific and technical information contained in this news release.

About the Barsele Gold Project

The Barsele Project is located on the western end of the Proterozoic “Skellefte Trend”, a prolific volcanogenic massive sulphide deposits belt, that intersects with the “Gold Line” in Northern Sweden. Both polymetallic “VMS” deposits and intrusive hosted “Orogenic Gold” deposits are present in this region and on this property. Current and past producers in the region include Boliden, Kristineberg, Bjorkdal, Svartliden and Storliden.

About Barsele Minerals Corp.

Barsele is a Canadian-based junior exploration company managed by the Belcarra Group, comprised of highly qualified mining professionals. Barsele’s main property is the Barsele Gold Project in Västerbottens Län, Sweden, a joint venture with Agnico Eagle. A NI 43-101 Technical Report on the Barsele Project with an effective date of February 21, 2019, was filed on SEDAR on December 16, 2020.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope
President

This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information and forward-looking statements (together, “forward-looking statements”) are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “potential”, “possible” and other similar words, or statements that certain events or conditions “may”, “will”, “could”, or “should” occur.

All such forward-looking statements are based on certain assumptions and analyses made by management and qualified persons in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management and the qualified persons believe are appropriate in the circumstances. The forward-looking information and statements are also based on metal price assumptions and other assumptions used in the Amended Technical Report. Readers are cautioned that actual results may vary from those presented.

In addition, all forward-looking information and statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, use of assumptions that may not prove to be correct, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts to perform as agreed; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of project cost overruns or unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel and general economic, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Amended AIF filed on the Company’s profile on SEDAR. Readers are cautioned not to place undue reliance on forward-looking information or statements.

This news release also contains references to estimates of Mineral Resources. The estimation of Mineral Resources is inherently uncertain and involves subjective judgments about many relevant factors. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. Mineral Resource estimates may have to be re-estimated based on, among other things: (i) fluctuations in the price of gold; (ii) results of drilling; (iii) results of metallurgical testing, process and other studies; (iv) changes to proposed mine plans; (v) the evaluation of mine plans subsequent to the date of any estimates; and (vi) the possible failure to receive required permits, approvals and licenses.

Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Barsele Minerals Corp.

APHRIA ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of APHA and Encourages Investors to Contact the Firm

NEW YORK, Dec. 16, 2020 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Aphria Inc. (NASDAQ: APHA) breached their fiduciary duties or violated the federal securities laws in connection with the company’s merger with Tilray, Inc. (NASDAQ: TLRY)

Click here to learn more and participate in the action.

On December 16, 2020, Aphria announced that it had signed an agreement to be acquired by Tilray in an all-stock transaction. Pursuant to the merger agreement, Aphria stockholders will receive 0.8381 shares of Tilray common stock for each share of Aphria common stock owned. The deal is scheduled to close in the second quarter of 2021.

Bragar Eagel & Squire is concerned that Aphria’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Aphria’s stockholders.

If you own shares of Aphria and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at [email protected] or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:

Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
[email protected]
www.bespc.com



WeissLaw LLP Reminds RESI, CIT, MVC, and ALSK Shareholders About Its Ongoing Investigations

PR Newswire

NEW YORK, Dec. 16, 2020 /PRNewswire/ —


If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:


Joshua Rubin, Esq.

WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

Front Yard Residential Corporation (NYSE: RESI)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Front Yard Residential Corporation (NYSE: RESI) in connection with the proposed acquisition of the company by a partnership led by Pretium Partners, LLC and Ares Management Corporation.  Under the terms of the agreement, RESI shareholders will receive $16.25 per share in cash.  If you own RESI shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/resi/ 

CIT Group Inc. (NASDAQ: CIT)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CIT Group Inc. (NASDAQ: CIT) in connection with the proposed acquisition of the company by First Citizens BancShares, Inc. (“FCNCA”).  Under the terms of the agreement, CIT shareholders will receive 0.0620 FCNCA shares for each CIT share that they own, representing implied per-share merger consideration of $37.70 based upon FCNCA’s December 15, 2020 closing price of $608.00.  If you own CIT shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/cit/   

MVC Capital, Inc.
(NYSE: MVC)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MVC Capital, Inc. (NYSE: MVC) in connection with the proposed acquisition of the company by Barings BDC, Inc. (“BBDC”).  Under the terms of the agreement, MVC shareholders will receive 0.94024 shares of BBDC common stock and $0.39 in cash for each MVC share that they own, representing implied per-share merger consideration of approximately $9.03 based upon BBDC’s December 15, 2020 closing price of $9.19.  If you own MVC shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: http://www.weisslawllp.com/mvc-capital-inc/

Alaska Communications Systems Group, Inc. (NASDAQ: ALSK)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) in connection with the proposed acquisition of the company by a consortium comprised of Macquarie Capital and GCM Grosvenor.  Under the terms of the agreement, ALSK shareholders will receive $3.00 in cash for each ALSK share that they hold.  If you own ALSK shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslawllp.com/ALSK/ 

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SOURCE WeissLaw LLP

WeissLaw LLP Reminds STND, PNM, FBM, and BMCH Shareholders About Its Ongoing Investigations

PR Newswire

NEW YORK, Dec. 16, 2020 /PRNewswire/ —


If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:


Joshua Rubin, Esq.

WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

Standard AVB Financial Corp. (NASDAQ: STND)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Standard AVB Financial Corp. (NASDAQ: STND) in connection with the proposed acquisition of the company by Dollar Mutual Bancorp.  Under the terms of the acquisition agreement, STND shareholders will receive $33.00 in cash for each share of STND common stock that they own.  If you own STND shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:  https://weisslawllp.com/news/stnd/

PNM Resources, Inc. (NYSE: PNM)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of PNM Resources, Inc. (NYSE: PNM) in connection with the proposed acquisition of the company by Avangrid, Inc.  Under the terms of the acquisition agreement, PNM shareholders will receive $50.30 in cash for each share of PNM common stock that they own.  If you own PNM shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/pnm/  

Foundation Building Materials, Inc. (NYSE: FBM)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Foundation Building Materials, Inc. (NYSE: FBM) in connection with the proposed acquisition of the company by American Securities LLC.  Under the terms of the merger agreement, FBM shareholders will receive only $19.25 in cash for each share of FBM common stock that they own.  If you own FBM shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:https://weisslawllp.com/fbm/

BMC Stock Holdings, Inc. (NYSE: BMCH)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of BMC Stock Holdings, Inc. (NYSE: BMCH) in connection with the proposed acquisition of the company by Builders FirstSource, Inc. (“BLDR”).  Under the terms of the merger agreement, BMCH stockholders will receive 1.3125 BLDR shares for each share of BMCH common stock they own, representing implied per-share merger consideration of $47.78 based upon BLDR’s December 15, 2020 closing price of $36.40.  If you own BMCH shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/bmc-stock-holdings-inc/

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SOURCE WeissLaw LLP

WeissLaw LLP Reminds WORK, NAV, BFT, and ANH Shareholders About Its Ongoing Investigations

PR Newswire

NEW YORK, Dec. 16, 2020 /PRNewswire/ —


If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:


Joshua Rubin, Esq.

WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

Slack Technologies, Inc. (NYSE: WORK)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Slack Technologies, Inc. (NYSE: WORK) in connection with the proposed acquisition of the company by salesforce.com, inc. (“Salesforce”).  Under the terms of the agreement, WORK shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each share of WORK that they own, representing implied per-share consideration of $43.87 based upon Salesforce’s December 15, 2020 closing price of $220.15.  If you own WORK shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:  https://weisslawllp.com/work/ 

Navistar International Corporation (NYSE: NAV)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Navistar International Corporation (NYSE: NAV) in connection with the proposed acquisition of the company by TRATON SE.  Under the terms of the agreement, NAV shareholders will receive $44.50 in cash for each share of NAV that they hold.  If you own NAV shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/NAV/ 

Foley Trasimene Acquisition Corp. II (NYSE: BFT)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Foley Trasimene Acquisition Corp. II (NYSE: BFT) in connection with the company’s proposed merger with Paysafe Group Holdings Limited (“Paysafe”).  Under the terms of the agreement, BFT will combine with Paysafe via a reverse merger that will result in Paysafe becoming a publicly traded company.  If you own BFT shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/bft/  

Anworth Mortgage Asset Corporation (NYSE: ANH)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Anworth Mortgage Asset Corporation (NYSE: ANH) in connection with the proposed acquisition of the company by Ready Capital Corporation (“Ready Capital”).  Under the terms of the agreement, ANH shareholders will receive 0.1688 shares of Ready Capital and $0.61 in cash for each share of ANH common stock that they own, representing implied consideration of approximately $2.70 based upon Ready Capital’s December 15, 2020 closing price of $12.39.  If you own ANH shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:https://weisslawllp.com/anh/

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SOURCE WeissLaw LLP

SHAREHOLDER ALERT: WeissLaw LLP Reminds CEIX, DUC, VSPR, and MTSC Shareholders About Its Ongoing Investigations

PR Newswire

NEW YORK, Dec. 16, 2020 /PRNewswire/ —


If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:


Joshua Rubin, Esq.

WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

CONSOL Energy Inc. (NYSE: CEIX)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CONSOL Energy Inc. (NYSE: CEIX) in connection with the proposed interested-party transaction, pursuant to which CEIX will acquire all of the minority units of CONSOL Coal Resources LP (“CCR”) that it does not already own.  Under the terms of the agreement, CCR unitholders will receive 0.73 shares of CEIX common stock for each CCR unit that they own.  If you own CEIX shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/ceix/  

Duff & Phelps Utility and Corporate Bond Trust Inc.
 (NYSE: DUC)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Duff & Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC) in connection with the company’s proposed merger with DNP Select Income Fund Inc. (“DNP”).  Under the terms of the agreement, DUC will merge into DNP, with the combined fund retaining DNP’s name and continuing to trade on the New York Stock Exchange under DNP’s ticker symbol.  If you own DUC shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslawllp.com/duc/ 

Vesper Healthcare Acquisition Corp. (NASDAQ: VSPR)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Vesper Healthcare Acquisition Corp. (NASDAQ: VSPR) in connection with the company’s proposed merger with The HydraFacial Company.  Under the terms of the agreement, Vesper will acquire HydraFacial through a reverse merger that will result in HydraFacial becoming a publicly-traded company.  If you own VSPR shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/vspr/  

MTS Systems Corporation (NASDAQ: MTSC)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MTS Systems Corporation (NASDAQ: MTSC) in connection with the proposed acquisition of the company by Amphenol Corporation.  Under the terms of the agreement, MTS shareholders will receive $58.50 per share in cash for each share of MTS common stock that they hold.  If you own MTS shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/mts/  

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-reminds-ceix-duc-vspr-and-mtsc-shareholders-about-its-ongoing-investigations-301194664.html

SOURCE WeissLaw LLP