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Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Turquoise Hill Resources Ltd. (TRQ)

PR Newswire

BENSALEM, Pa., Dec. 2, 2020 /PRNewswire/ — Law Offices of Howard G. Smith reminds investors of the upcoming December 14, 2020 to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Turquoise Hill Resources Ltd. (“Turquoise Hill” or the “Company”) (NYSE: TRQ) securities between July 17, 2018 and July 31, 2019, inclusive (the “Class Period”).

Investors suffering losses on their Turquoise Hill investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].

On February 26, 2019, the Company announced in a press release that, while “the [Oyu Tolgoi] project cost was expected to remain within the $5.3 billion budget,” a review had determined that “there was an increasingly likely risk of a further delay to sustainable first production beyond Q3’21.” Turquoise Hill attributed the “likely risk” to productivity setbacks in completing Shaft 2 and “challenging ground conditions that have had a direct impact on the project’s critical path.”

On this news, the Company’s share price fell $0.27, or approximately 13%, to close at $1.83 per share on February 27, 2019, thereby injuring investors.

Then, on July 15, 2019, Turquoise Hill announced that sustainable first production from the underground development of Oyu Tolgoi would now be delayed by another 9 to 21 months until May 2022 to June 2023. The Company also stated that “the development capital spend for the project may increase by $1.2 to $1.9 billion over the $5.3 billion previously disclosed.”

On this news, the Company’s share price fell $0.47, or 44%, to close at $0.60 per share on July 16, 2019, thereby injuring investors further.

Then, on July 31, 2019, after the market closed, Turquoise Hill disclosed that it had taken a $600 million impairment charge and a significant “deferred income tax recognition adjustment” tied to the Oyu Tolgoi project, and that it had suffered a loss in the second quarter.

On this news, the Company’s share price fell $0.05, or over 8%, to close at $0.53 per share on August 1, 2019, thereby injuring investors further.

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the progress of underground development of Oyu Tolgoi was not proceeding as planned; (2) there were significant undisclosed underground stability problems that called into question the design of the mine and the projected cost and timing of production; (3) the Company’s publicly released estimates of the cost, date of completion, and dates for production from the underground mine were not realizable; (4) the development capital required for the underground development of Oyu Tolgoi would cost significantly more than a billion dollars over what Turquoise Hill had represented; (5) the Company would require further financing and/or equity to complete the project; and (6) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. 

If you purchased Turquoise Hill securities, have information or 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania, 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

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

Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com

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SOURCE Law Offices of Howard G. Smith

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Discovery Announces The Global Launch Of discovery+, The Definitive Streaming Service For The Best Real-Life Entertainment in The World, Debuting January 4, 2021

Verizon customers get 12 months of discovery+ on Verizon with new, exclusive U.S. distribution agreement

– discovery+ U.S. launch will feature the largest-ever content library for a new streaming service: more than 55,000 episodes from Discovery’s iconic brands, the BBC’s Natural History collection, A&E Networks, Group Nine and more

– In the U.S., discovery+ will include a robust slate of new, exclusive originals from storytellers including Chip and Joanna Gaines; Sir David Attenborough; David Schwimmer; Will Packer and Kevin Hart; Bobby Flay and Giada De Laurentiis; and more

– 90 Day Fiancé Universe comes to discovery+ with exclusive new franchises

– discovery+ will be the new streaming Home of the Olympic Games* in Europe and Eurosport’s premium sport offering

– Global rollout begins with the U.K. and Ireland, India, the Nordics, Italy and the Netherlands; distribution partners include Sky in the U.K. and Ireland and TIM in Italy

PR Newswire

NEW YORK, Dec. 2, 2020 /PRNewswire/ — Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) today announced the global launch of discovery+ (www.discoveryplus.com), the definitive non-fiction, real-life subscription streaming service, debuting in the U.S. on January 4, 2021. The new service will launch with a landmark partnership with Verizon that gives their customers with select plans 12 months of discovery+ on Verizon. The global rollout of discovery+ across an initial 25 countries has already begun with the U.K. and Ireland, as well as India.

At launch in the U.S., discovery+ will have the largest-ever content offering of any new streaming service, featuring a wide range of exclusive, original series across popular, passion verticals in which Discovery brands have a strong leadership position, including lifestyle and relationships; home and food; true crime; paranormal; adventure and natural history; as well as science, tech and the environment, and a slate of high-quality documentaries. Verizon will accelerate adoption of discovery+ in the U.S. with an exclusive offer that makes original programming and on-demand favorites available to new and existing customers with select plans.



David Zaslav, President and CEO of Discovery, Inc., commented:

“We have been working methodically the past two years to bring all of our strategic advantages to the launch of discovery+, including distribution and advertising partnerships around the world, a world-class offering of quality brands, authentic personalities and the largest content library at launch, as well as a broad slate of exclusive programming. With discovery+, we are seizing the global opportunity to be the world’s definitive product for unscripted storytelling, providing households and mobile consumers a distinct, clear and differentiated offering across valuable and enduring lifestyle, and real-life verticals. We believe discovery+ is the perfect complement to every streaming portfolio, and we couldn’t be more excited to partner with Verizon to bring this incredible content to their customer base.”

In the U.S., discovery+ will offer more than 55,000 episodes all in one place, with over 2,500 current and classic shows from Discovery’s iconic portfolio of networks, including HGTV, Food Network, TLC, ID, OWN, Travel Channel, Discovery Channel and Animal Planet. Viewers in the U.S. will also gain access to new series from iconic franchises and personalities such as Chip and Joanna Gaines; Will Packer and Kevin Hart; 90 Day Fiancé; Bobby Flay and Giada De Laurentiis; Duff Goldman; Amy Schumer; Carla Hall; David Schwimmer; Sir David Attenborough; Ben Napier; Sebastian Maniscalco; Joe Kenda; Mike Rowe and many others. A list of discovery+ original greenlights can be found below. 

As part of a new content partnership, discovery+ will bring together for the first time the top non-fiction content from A&E, The HISTORY Channel and Lifetime with the Discovery brand portfolio, deepening the service’s leadership position as the premier destination for the best in real-life entertainment. More than 1,500 episodes of content from popular franchises from A&E networks on discovery+ will include The First 48, Bring It, Dance Moms, Ice Road Truckers, Pawn Stars, Ancient Aliens, Storage Wars, 60 Days In, Intervention and Ghost Hunters.

Additionally, discovery + will also offer the definitive collection of nature and environmental programming, headlined by exclusive streaming access to the BBC’s largest natural history offering, including The Mating Game, Planet Earth and Blue Planet, plus content from digital-first brand The Dodo. discovery+ will also feature special content partnerships with the top environmental organizations in the world, including The Explorers Club, NRDC (Natural Resources Defense Council), The Nature Conservancy (a U.S.-based global conservation organization), Oceana and World Wildlife Fund.


Verizon Partnership

Discovery and Verizon have signed a landmark distribution agreement that primes discovery+ for wide-scale home and mobile entertainment viewing at launch. Under the partnership, Verizon customers on select plans will enjoy up to 12 months of discovery+ with blazing-fast speeds on 5G Ultra Wideband, 5G Home Internet and Fios. At launch, new and existing wireless customers with a Play More or Get More Unlimited plan will get 12 months of discovery+ on Verizon; customers with Start or Do More Unlimited plans will receive 6 months of streaming on Verizon. 

New customers who sign up for Verizon 5G Home Internet or Fios Gigabit Connection can receive 12 months of discovery+ on Verizon; new Fios customers may also be eligible for three to six months depending on their plan. The offer adds access to thousands of hours of valuable premium video and a leading industry partner to the nation’s most-awarded network. 

“Connecting people to their passions is at the core of what we do, and adding discovery+ on us is a phenomenal way to serve customers who love lifestyle, home, food, true crime and natural history content from one of the popular portfolios of video brands,” said Ronan Dunne, CEO of Verizon Consumer Group. “Our Mix & Match plans already offer unrivaled value in entertainment, so we’re excited to kick off 2021 by giving customers up to 12 months of discovery+, adding even more value and choice as we continue to build our ecosystem of incredible partners and services.” 

Customers can visit verizon.com/discoveryplus to learn more. 


discovery+ Global Rollout

Internationally, Discovery will leverage its massive library of local-language content, as well as its broad portfolio of live sports, to drive its direct-to-consumer offering across more than 25 key markets in 2021, including the Nordics, Italy, the Netherlands and Spain. discovery+ will also launch in Latin American markets, including a planned launch in Brazil, and in parts of Asia.

Expanding upon Discovery’s strong relationships with distribution partners, discovery+ launched with Sky in the U.K. and Ireland last month. Sky is currently offering discovery+ to its millions of Sky Q customers for 12 months at no extra cost. discovery+ will further be supported by TIM in Italy in early 2021. 

In the European markets launching in 2021, discovery+ will be supported by Eurosport’s unrivalled, premium and locally-relevant multi-sport offering, which includes the tennis Grand Slams, cycling Grand Tours, motorsport, football and winter sports. Beginning with the Olympic Games in Tokyo next year, it will become the streaming Home of the Olympics* in Europe with access to every minute, every medal, and every hero live and on demand. 


JB Perrette, President and CEO of Discovery International, said:

“With decades of connecting audiences in every corner of the globe to the local voices and stories they love, Discovery drives inspiration, aspiration and loyalty everywhere, like few media brands can.  discovery+ will harness our unique global and local model and strategy to serve fans around the world as we bring the best of real-life entertainment to customers in a whole new way.”


discovery+ Advertising Partners

discovery+ signed select partners to create organic, innovative ad experiences for U.S. viewers. Inaugural advertising partners include Boston Beer Company, Kraft Heinz, Lowe’s and Toyota, with more partners to be announced soon. With lighter ad loads on discovery+, each consumer interaction will be powerful and impactful, delivering an unparalleled data-driven advertising experience. Sponsors will have the ability to help craft the next evolution of the media landscape on discovery+.


discovery+ Pricing

For direct purchase, discovery+ will be available in the U.S. starting at $4.99 per month, with an ad-free version available for $6.99 per month. Each account will include up to five user profiles and four concurrent streams, among the most offered in the streaming video category. At launch, discovery+ will be available across major platforms, including connected TVs, web, mobile and tablets. Verizon customers will receive up to 12 months of discovery+ on select plans. 


discovery+ Content: Exclusive Originals

discovery+ will feature a wide range of exclusive series – including more than 1,000 hours of discovery+ original content in year one – across popular passion verticals for which Discovery brands are known.

In the U.S., discovery+ will feature an exclusive first look at content from the Magnolia Network, the forthcoming multiplatform joint venture with Chip and Joanna Gaines. The Magnolia Network preview includes advance access to some of the Gaineses’ most-anticipated projects, including the newest iteration of the show that started it all with Fixer Upper: Welcome Home; episodes of the cooking series Magnolia Table with Joanna Gaines, where viewers will spend time in the kitchen with Joanna as she shares with us her favorite recipes, where they come from, and why she finds herself returning to them time and time again; Road to Launch, featuring intimate conversations between the Gaineses and various talent from the upcoming Magnolia Network programming slate; the documentary Courage to Run, which chronicles a fortuitous meeting that inspired Chip to train for and complete his first marathon; and premiere episodes from ten upcoming Magnolia Network original series. The preview will be exclusive to discovery+ until the launch of Magnolia Network later in 2021.

At launch, discovery+ will be home to 90 Day Journey – a curated series featuring the ultimate collection of stories focused on fan-favorite couples – as well as an all-new 90 Day Fiancé tentpole series and multiple additional titles from across the franchise including game and talk show style formats totaling more than 200 hours of 90 Day content. Across platforms, 90 Day devotees have consumed a staggering 73 billion minutes of the franchise year to date. The series and its spinoffs currently air in nearly 170 countries and 40 languages, underscoring the massive global reach of the hit series. The first wave of 90 Day titles for discovery+ are included below, with more to be announced.

For the first time, discovery+ will offer all in one place the definitive collection of science, nature and environmental programming, headlined by exclusive streaming access to the BBC’s largest natural history offering, and featuring shows like Planet Earth, Blue Planet, Frozen Planet, as well as the U.S. premiere of A Perfect Planet. The new five-part series is narrated by Sir David Attenborough and created by the executive producer of Planet Earth and The Hunt. In a unique fusion of blue-chip natural history and earth sciences, A Perfect Planet explains how the living planet operates, showing how the forces of nature – weather, ocean currents, solar energy and volcanoes – drive, shape and support Earth’s great diversity of life. In doing so, it will reveal how animals are perfectly adapted to whatever the environment throws at them. 

Exclusive originals coming to the U.S. product in 2021 will cover fan-favorite, real-life genres, including:

Love and Relationships 


  • 90 Day Bares All

    : Get ready for your favorite 90 Day couples to bare it all – the lies, the secrets and everything we couldn’t show on TV. Hosted by Shaun Robinson, this companion series to 90 Day Fiancé will put cast members in the hot seat where they reveal pivotal new information and speak completely uncensored. Exclusive content, must-see footage and all the stories behind 90 Day Fiancé!

  • 90 Day Diaries

    : An intimate look into the lives of our couples, told from their perspective. Without producers or crew, the cast members film themselves in their day-to-day lives as they continue to navigate the COVID-19 pandemic and all of the new challenges it brings to their relationships.

  • 90 Day Journey
    : The ultimate collection of 90 Day Fiancé stories for the 90 Day Superfan are now on demand! Each curated mini-series is made up of every single scene a beloved couple has appeared in across each show in the 90 Day Universe. Now fans can watch each couples’ story from the very beginning how and when they want to.

  • The Other Way Strikes Back!

    : Viewers will get a fresh look at the duos fans have come to know and love, sharing their home lives, behind-the-scenes details missed by cameras and addressing some of the most outrageous, cringe-worthy moments, and sassy social media and pillow talk commentary of the second season of The Other Way.

Lifestyle


  • Long Island Medium: There in Spirit
    : Theresa Caputo has met the challenges that come with her gift of communicating with the departed for decades. Now, in light of COVID-19 with widespread mourning and isolation, the stakes are even higher as Theresa delivers messages and readings without always leaving her home. This season will feature those who couldn’t say goodbye to their loved ones, and there’s always time for a little Hollywood, with your favorite celebrities receiving virtual readings.

Food


  • Bobby and Giada in Italy
    : Longtime friends Bobby Flay and Giada De Laurentiis take viewers on a culinary tour of Italy. It’s the ultimate road trip across the most delicious country on earth.

  • Cakealikes:
    This comedic, ultimate cake off competition challenges experts to create life-size cakes that are the spitting image of famed celebrities. Hosted by Tregaye Fraser and judged by hyper realistic cake artist Natalie Sideserf, hilarious food commentator Kalen Allen, and a rotating guest judge, this panel will keep you laughing through every red carpet cake-win and cake-fail!

  • Duff’s Happy Fun Bake Time

    : Headlined by Duff Goldman who, along with a cast of hilarious fantastical puppets from The Jim Henson Company, teaches the basics of cooking and how ingredients work together to create the food we love. This new series equals fun for the whole family.

  • Foodways with Carla Hall (working title)
    : Celebrity chef, Carla Hall, takes us on a global adventure exploring the unknown histories within today’s American food culture. Marveling over the food that makes America delicious, she will break bread with friends, new and old, as she works backwards to trace and uncover the origins of favorite bites and classic dishes.

  • Luda Can’t Cook
    : Ludacris is both a legendary rapper and successful restaurateur, but his skills in the kitchen don’t match his talent in the studio. We’ll watch as he gets schooled in cooking.

  • Mary McCartney Serves it Up

    : It’s the most delicious and delectable invite as home cook Mary McCartney invites us into her London kitchen to serve up family favorites and fabulous vegetarian food her friends adore. In each episode, she’ll be joined by a famous friend, including Cameron Diaz and Nicole Richie, Dave Grohl, Kate Hudson, Gayle King, Mark Ronson and Liv Tyler.

  • What’s Eating Sebastian Maniscalco (working title)
    : We’ll go on a journey with comedian, social observer, and exasperated food lover, Sebastian Maniscalco, as he explores his own hot button questions in the world of food.

  • Amy Schumer Learns to Cook: Uncensored

    : discovery+ offers an updated and uncensored look at the Emmy-nominated series.

Home


  • Clipped:
    Hosted by actor Michael Urie, with lead judge Martha Stewart and her fellow judges, lifestyle/landscape expert Chris Lambton and renowned landscape designer Fernando Wong, this is the first-ever competition series set in the eye-popping world of Topiary. Competitors are real-life Edward Scissorhands who make breathtaking sculptures out of meticulously trimmed shrubbery, plants and flowers, creating colorful, larger-than-life living pieces. High-stakes challenges include sculpting enormous animals or designing a living room with “furniture” made entirely of plants! Each week a topiarist is eliminated until one triumphs as “Clipped Champion” and wins a life-changing prize of $50,000.

  • Frozen in Time:

    Maureen McCormick and designer Dan Vickery overhaul homes that are stuck in a design time warp. Dan will update the structure, while Maureen sources beautiful decade-specific pieces to give the home a refreshed look and a wink to its original era.

  • House Hunters: Comedians on Couches Unfiltered:
     America’s favorite pastime – watching and commenting on House Hunters – will get a fun new twist in this pithy new series led by comedians Dan Levy and Natasha Leggero. The series will feature eight popular comedians as they deliver hilariously unfiltered color commentary on classic episodes of House Hunters. The celebrity lineup includes Seth Rogen, John Mulaney, Ali Wong, JB Smoove, Chelsea Peretti, Whitney Cummings, Margaret Cho and NBA star-turned-comic, Blake Griffin.

  • Home Town: Ben’s Workshop
    : Master wood worker Ben Napier will share his expertise in craftsmanship and carpentry with celebrity guests including astronaut Scott Kelly, tennis legend Martina Navratilova, comedian Loni Love, and country singer Chris Lane. In this four-episode series, Ben’s visitors are in for a fun Southern experience – building iconic wood projects and making surprise visits to donate them to the community or a neighbor.

True Crime


  • Queen of Meth
    : Meth didn’t start at our border, it started with Lori Arnold, sister of star Tom Arnold, in a cabin, in Iowa back in 1984. By 1986 she was at the center of the country’s meth boom – the Queen Pin of a multimillion-dollar enterprise, manufacturing and distributing the drug throughout the Midwest. Now, for the first time, she tells her whole story.

  • American Detective with Joe Kenda

    : Lt. Joe Kenda, one of the toughest, most experienced homicide detectives in ID history, is back exclusively on discovery+ with an all-new series. Over the years, Kenda has heard about cases that defy logic – investigations so confounding that they feel more scripted in Hollywood than reality. In American Detective, Kenda trades in his own case files to bring viewers astounding investigations from across the country, with each episode featuring a different homicide detective whose tireless efforts helped put a killer behind bars and bring justice for the victim.

  • Onision: In Real Life
    : Greg Jackson, known to the world as “Onision,” discovered YouTube when the platform was still burgeoning in the digital world. And as the power of YouTube grew, the character “Onision” grew with it. Jackson amassed millions of subscribers across multiple channels, luring in viewers with his off-kilter, opinionated and dark humor. But while his channels were twisted, his real life might be more sinister. This cutting-edge investigative series explores the mystery, controversy and alleged criminality surrounding Greg Jackson, bringing forward new research and revelations about the man that the YouTube community loves to hate.

Adventure 


  • Route 66 (working title)
    : From Executive Producer Will Packer and HartBeat Productions, Route 66 (working title) features Kevin Hart hitting the road, going along America’s famous Route 66 to see what’s going on with America. He will visit people and places and bring along friends in an exploration of the U.S. heartland from Chicago to L.A.

  • Pushing the Line
    : Imagine walking a thin, nylon line of rope stretched across a 900-foot gorge. For a select few, each day on the line, they push themselves and each other to do something bigger, crazier, harder than anyone’s ever done before. And each night, their campsite is a party where anything and everything goes. Day and night, it’s all about pushing the line.

Nature and Science 


  • Mysterious Planet

    : Narrated by David Schwimmer, Mysterious Planet is an epic journey to the ends of the earth. Combining humor with the awe and beauty of the natural world, this special looks to unlock the greatest mysteries behind the world’s most incredible species.

  • Six Degrees with Mike Rowe:
     Mike Rowe poses questions that no one has ever asked, and then, with a little help from his old buddy Chuck, provides unforgettable answers that prove every single thing is connected.

Documentaries 


  • P.S., Burn This Letter Please
    : A box of letters, held in secret for nearly 60 years, ignites a five-year exploration into a part of LGBT history that has never been told. The letters open a window into a forgotten world where being yourself meant breaking the law and where the penalties for “masquerading” as a woman were swift and severe.

  • The Impossible Row
    : Documenting adventurer Colin O’Brady and his crew’s attempt at the world’s first completely human-powered ocean row across The Drake Passage, the most dangerous 600 miles of open ocean on Earth.

  • My Beautiful Stutter
    : Follows five kids who stutter, ages 9 to 18, from all over the United States and all walks of life, who, after experiencing a lifetime of bullying and stigmatization, meet other children who stutter at an interactive arts-based program, The Stuttering Association for the Young, based in New York City.

  • Beyond Borders
    : On the morning of August 13, pilot Juan-Peter Schulze (JP) and travel vlogger Louis Cole set off to circumnavigate the world in a single-engine, 1974 Cessna T210L aeroplane named Balloo. The duo had 81 days to complete the journey, with their return to California eagerly awaited by a large party of friends and followers. This is their journey.

  • The Parachute Murder Plot
    : The true story of a master manipulator. When Victoria Cilliers’ parachute failed, she survived against the odds, only to discover the shocking truth. Her own husband had just tried to murder her … for the second time.

Paranormal 

  • discovery+ is developing content with some of the biggest names in the horror genre, including an exclusive multi-project deal with director Eli Roth (Hostel, Borderlands).

Group Nine Media

  • As an extension of Discovery’s partnership with Group Nine, discovery+ will also feature a slate of new original programming from some of the world’s most popular digital brands, including The Dodo, NowThis and Thrillist, in addition to access to some of the company’s existing library.


discovery+ Announcement Event


 Today

Join Zaslav, other members of Discovery’s senior leadership team, as well as special guests, for a discovery+ presentation at noon ET, followed by a separate investor briefing at 1:30pm ET. The webcasts will be available on both the corporate homepage https://corporate.discovery.com/ and the company’s Investor Relations’ website https://ir.corporate.discovery.com/. Select financial information and replays of both webcasts will also be made available on the Investor Relations’ website.

*Olympic rights exclude Russia. Eurosport will be an Official Broadcaster in France and the UK in 2020.

About Discovery:
Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) is a global leader in real life entertainment, serving a passionate audience of superfans around the world with content that inspires, informs and entertains. Discovery delivers over 8,000 hours of original programming each year and has category leadership across deeply loved content genres around the world. Available in 220 countries and territories and nearly 50 languages, Discovery is a platform innovator, reaching viewers on all screens, including TV Everywhere products such as the GO portfolio of apps; direct-to-consumer streaming services such as discovery+, Food Network Kitchen and MotorTrend OnDemand; digital-first and social content from Group Nine Media; a landmark natural history and factual content partnership with the BBC; and a strategic alliance with PGA TOUR to create the international home of golf. Discovery’s portfolio of premium brands includes Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Travel Channel, MotorTrend, Animal Planet, Science Channel, and the forthcoming multi-platform JV with Chip and Joanna Gaines, Magnolia Network, as well as OWN: Oprah Winfrey Network in the U.S., Discovery Kids in Latin America, and Eurosport, the leading provider of locally relevant, premium sports and Home of the Olympic Games across Europe. For more information, please visit corporate.discovery.com and follow @DiscoveryIncTV across social platforms.

About Verizon: 
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

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SOURCE Discovery, Inc.

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St. Luke’s Health Partners and Humana Announce Value-Based Agreement in Idaho

St. Luke’s Health Partners and Humana Announce Value-Based Agreement in Idaho

BOISE, Idaho–(BUSINESS WIRE)–St. Luke’s Health Partners and Humana Inc. (NYSE: HUM), one of the nation’s leading health and well-being companies, are announcing a new value-based care agreement that will benefit Humana Medicare Advantage HMO members.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201202005735/en/

The agreement with St. Luke’s Health Partners, effective Jan. 1, 2021, is in keeping with Humana’s long-standing commitment to value-based care, which emphasizes:

  • More personal time with health professionals and personalized care that is tailored to each person’s unique health situation;
  • Access to proactive health screenings and programs that are focused on preventing illness;
  • Improved care for people living with chronic conditions with a focus on avoiding health complications;
  • Leveraging technologies, such as data analytics, that connect physicians and help them work as a team to coordinate care around the patient; and
  • Reimbursement to physicians linked to the health outcomes of their patients rather than based solely on the quantity of services they provide (fee-for-service).

“We are grateful to share with St. Luke’s Health Partners a strong commitment to providing quality care while improving patient health outcomes in Idaho,” said Jesse Gamez, Humana Intermountain Medicare President. “This value-based agreement for Humana Medicare Advantage HMO members is an important part of helping our members achieve their best health while addressing their individual needs.”

Humana has an extensive and growing value-based care presence. As of Sept. 30, 2020, Humana has more than 2.7 million individual Medicare Advantage and commercial members who are cared for by 67,000 primary care physicians in more than 1,000 value-based relationships across 43 states and Puerto Rico. Humana’s total Medicare Advantage membership is more than 4.5 million members, which includes members affiliated with providers in value-based and standard Medicare Advantage settings.

Terms of the agreement were not disclosed.

About St. Luke’s Health Partners (SLHP)

St. Luke’s Health Partners (SLHP), a wholly owned subsidiary of St. Luke’s Health System in Idaho, is a financially and clinically integrated network made up of over 3,400 independent and employed healthcare providers. SLHP’s objective is to enable and facilitate effective population health management throughout Southern Idaho, and help members achieve their best possible health at the lowest total cost. Network partners include aligned employers, insurance carriers and governmental entities focused on unique efforts to bring value-based care to life. SLHP demonstrates expertise in population health and value-based care for 180,000 lives, with full accountability for managing over $1 billion of annual medical expense.

About Humana

Humana Inc. is committed to helping our millions of medical and specialty members achieve their best health. Our successful history in care delivery and health plan administration is helping us create a new kind of integrated care with the power to improve health and well-being and lower costs. Our efforts are leading to a better quality of life for people with Medicare, families, individuals, military service personnel, and communities at large.

To accomplish that, we support physicians and other health care professionals as they work to deliver the right care in the right place for their patients, our members. Our range of clinical capabilities, resources and tools – such as in-home care, behavioral health, pharmacy services, data analytics and wellness solutions – combine to produce a simplified experience that makes health care easier to navigate and more effective.

More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com, including copies of:

  • Annual reports to stockholders
  • Securities and Exchange Commission filings
  • Most recent investor conference presentations
  • Quarterly earnings news releases and conference calls
  • Calendar of events
  • Corporate Governance information

More Information

Other providers are available in our network. The provider may also contract with other plans.

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Lisa Dimond

Humana Corporate Communications

[email protected]

KEYWORDS: Idaho Kentucky United States North America

INDUSTRY KEYWORDS: Professional Services Health Hospitals Insurance Practice Management Managed Care

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Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Biogen, Inc. (BIIB)

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Biogen, Inc. (BIIB)

BENSALEM, Pa.–(BUSINESS WIRE)–
Law Offices of Howard G. Smith reminds investors of the upcoming January 12, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Biogen, Inc. (“Biogen” or the “Company”) (NASDAQ: BIIB) securities between October 22, 2019 and November 6, 2020,inclusive (the “Class Period”).

Investors suffering losses on their Biogen investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].

Biogen develops therapies for treating neurological and neurodegenerative diseases. One of its product candidates is aducanumab (BIIB037), an investigational human monoclonal antibody studied for use as a treatment for early Alzheimer’s disease.

On October 22, 2019, the Company announced that it would seek regulatory approval from the U.S. Food and Drug Administration (“FDA”) for aducanumab “based on a new analysis, conducted by Biogen in consultation with the FDA, of a larger dataset from the Phase 3 clinical studies that were discontinued in March 2019 following a futility analysis.” According to Biogen, the new analysis “show[ed] that aducanumab is pharmacologically and clinically active as determined by dose-dependent effects in reducing brain amyloid and in reducing clinical decline as assessed by the pre-specified primary endpoint Clinical Dementia Rating-Sum of Boxes (CDR-SB).”

On November 6, 2020, Reuters reported that an FDA panel found it “cannot ignore unsuccessful trial data on Biogen Alzheimer’s drug.” The panel had also “voted that an earlier-stage study does not offer supportive evidence of Biogen’s application for the drug, aducanumab.”

On this news, the Company’s stock price fell $92.64 per share, or 28%, to close at $236.26 per share on November 9, 2020, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the larger dataset did not provide necessary data regarding aducanumab’s effectiveness; (2) the EMERGE study did not and would not provide necessary data regarding aducanumab’s effectiveness; (3) the PRIME study did not and would not provide necessary data regarding aducanumab’s effectiveness; (4) the data provided by the Company to the FDA’s Peripheral and Central Nervous System Drugs Advisory Committee did not support finding efficacy of aducanumab; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired Biogen securities during the Class Period, you may move the Court no later than January 12, 2021 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

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

Law Offices of Howard G. Smith

Howard G. Smith, Esquire

215-638-4847

888-638-4847

[email protected]

www.howardsmithlaw.com

KEYWORDS: United States North America Pennsylvania

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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Comcast RISE Awards Five Black-Owned, Small Businesses in Western Washington with Marketing Resources and Technology Makeovers

Comcast RISE Awards Five Black-Owned, Small Businesses in Western Washington with Marketing Resources and Technology Makeovers

Multi-year Program Opens Eligibility to Small Businesses Owned by Black, Indigenous and People of Color

SEATTLE–(BUSINESS WIRE)–
Comcast Business today announced that five small businesses in Western Washington received Comcast RISE program awards. The awards will allow these businesses to receive consulting, media and creative production services from Effectv, the advertising sales division of Comcast Cable, or technology upgrades from Comcast Business, based on their specific needs. The news is part of Comcast’s broader announcement of more than 700 businesses that were selected as winners in the first round of Comcast RISE. Recipients in 285 cities in 29 states include a diverse roster of small business from restaurants and salons, to professional services and retail shops.

The local Western Washington businesses receiving awards from the first phase of the Comcast Rise program include F-Rock Printing (Seattle), Idman Childcare (Tukwila), Sphere Solar Energy (Seattle), TaxBunny (Burien), ValMed LLC (Tacoma) and Your Money Matters (Auburn).

The first phase of Comcast RISE, which stands for “Representation, Investment, Strength and Empowerment,” focused on U.S. Black-owned, small businesses, which were hit hardest by the COVID-19 pandemic, according to a recent study from the National Bureau of Economic Research. Comcast RISE brings together two of the company’s brands — Comcast Business and Effectv, both with expertise in the small business space — to empower business owners with the expertise and resources needed to navigate the economic effects of the pandemic.

This week, the next phase of Comcast RISE opens eligibility to include Black, Indigenous, and People of Color (BIPOC)-owned, small businesses. They can apply at www.ComcastRISE.com.

“Comcast RISE gives our local small businesses access to tools to help them survive the pandemic and thrive in the future. The small business community in our state is truly unique and resilient, and we are happy to play a role in helping during these stressful times so these businesses can return stronger than ever,” said Robert Brenner, Vice President of Comcast Business in Washington. “We are pleased to provide this first wave of businesses with support and open RISE to the entire BIPOC community statewide to continue this positive momentum.”

“Supporting small businesses is what we do daily at Effectv. We partner with them to understand their needs and help them grow, and we share and celebrate in their successes,” said Amy Nisenson, Vice President of Sales for Effectv in Washington state. “This is why we are especially proud to support our local small business community through this program, at a time when so many are struggling. Our goal is to help our partners and our communities come back as strong as possible, and RISE can play a role in making sure that happens.”

Comcast RISE consists of the following main components:

  • A media and technology resources program: This pillar combines Effectv’s renowned media platform and marketing expertise, its award-winning creative agency, Mnemonic, and state-of-the-art technical support from Comcast Business to help small businesses foster and elevate growth. Recipients will receive help with their marketing, media campaigns and creation of 30-second commercials, as well as equipment and technology upgrades, including:
    • Consulting: Advertising and marketing consultations with local Effectv marketing, research and creative teams to gain insights on how to grow your business.
    • Media: A linear TV media campaign to run over a 90-day period.
    • Creative Production: Turnkey :30 TV commercial production for their businesses.
    • Technology Makeovers: Computer equipment and Internet, Voice and Cybersecurity services for up to a 12-month period. (Taxes and other fees may still apply for tech makeover services.)
  • Business resources to help with curated content: Comcast has launched the Comcast RISE destination complete with aggregated small business news, tips, insights and more on the X1 platform. The destination is designed to help businesses grow by empowering them through education, inspiration and entertainment. Just say “Comcast RISE” into the X1 voice remote.
  • Grants: In early 2021, Comcast will be awarding grants of up to $10,000 each for U.S.-based small and diverse businesses that have been in operations for three to five years.

Comcast RISE is part of a larger $100 million Diversity, Equity and Inclusion initiative that Comcast launched this summer. In June, Comcast NBCUniversal announced the development of a comprehensive, multiyear plan to allocate $75 million in cash and $25 million in media over the next three years to fight injustice and inequality against any race, ethnicity, gender identity, sexual orientation or ability.

Visit www.ComcastRISE.com to apply, for more information and the latest updates.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Comcast Cable is one of the United States’ largest high-speed internet, video, and phone providers to residential customers under the Xfinity brand, and also provides these services to businesses. It also provides wireless and security and automation services to residential customers under the Xfinity brand. NBCUniversal is global and operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures, and Universal Parks and Resorts. Sky is one of Europe’s leading media and entertainment companies, connecting customers to a broad range of video content through its pay television services. It also provides communications services, including residential high-speed internet, phone, and wireless services. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights. Visit www.comcastcorporation.com for more information.

About Comcast Business

Comcast Business offers Ethernet, Internet, Wi-Fi, Voice, TV and Managed Enterprise Solutions to help organizations of all sizes transform their business. Powered by an advanced network, and backed by 24/7 customer support, Comcast Business is one of the largest contributors to the growth of Comcast Cable. Comcast Business is the nation’s largest cable provider to small and mid-size businesses and has emerged as a force in the Enterprise market; recognized over the last two years by leading industry associations as one of the fastest growing providers of Ethernet services. For more information, call 866-429-3085. Follow on Twitter @ComcastBusiness and on other social media networks at http://business.comcast.com/social.

About Effectv

Effectv, the advertising sales division of Comcast Cable, helps local, regional and national advertisers use the best of digital with the power of TV to grow their business. It provides multi-screen marketing solutions to make advertising campaigns more effective and easier to execute. Headquartered in New York with offices throughout the country, Effectv has a presence in 66 markets with nearly 35 million owned and represented subscribers. For more information, visit www.effectv.com.

Andy Colley

[email protected]

(425) 248-5438

Nick McDonald

[email protected]

(425) 977-5565

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Telecommunications Internet Marketing Advertising Communications Small Business Professional Services Technology

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Asana Named One of the 2020 Best Workplaces for Parents by Great Place to Work® and Fortune

Asana Named One of the 2020 Best Workplaces for Parents by Great Place to Work® and Fortune

SAN FRANCISCO–(BUSINESS WIRE)–
Great Place to Work® has honored leading work management platform Asana, Inc. (NYSE: ASAN), as one of theBest Workplaces for Parents in the U.S. In its ranking, Asana was recognized for its industry leading approach to providing a best in class experience for working parents and caregivers, and creating a people-first culture supporting all employees in light of the difficult challenges they’ve faced this year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201202005784/en/

This year, Asana was recognized for its industry leading approach to providing a best in class experience for working parents and caregivers, and creating a people-first culture. (Photo: Business Wire)

This year, Asana was recognized for its industry leading approach to providing a best in class experience for working parents and caregivers, and creating a people-first culture. (Photo: Business Wire)

The recognition is the latest industry accolade for Asana as a leading workplace in 2020. Earlier this year, Great Place to Work and Fortune awarded Asana the #2 Best Small & Medium Workplace; #8 Best Workplace for Women; #1 Best Small & Medium Workplace in the Bay Area; #1 Best Workplace for Millennials; #1 Workplace in Technology; and #7 Best Small Workplace in Ireland. In May, Asana was recognized as one of Inc.’s Best Workplaces for the third year in a row.

“We’re honored to be recognized as one of the best workplaces for working parents,” said Anna Binder, Head of People, Asana. “This award is particularly significant as the rhythm and pace of our work—and what constitutes a productive day—has changed. In fact, according to our Anatomy of Work: Remote Teams study, nearly 60% of global employees are working different hours now than before. The data also revealed 79% of caregivers have school-age children learning at home, while managing their work. While the award goes to Asana, the credit goes to the growing community of parents and caregivers, who continue to come together to foster dialogue and bring programs to life that make our company a place where everyone can thrive.”

Asana used the past year to strengthen its community of parents and caregivers, finding new ways to help them feel connected and supported no matter where they are. Starting with manager training on how to lead inclusively and have conversations about being a working parent, Asana built a shared understanding across the company about the needs of caregivers in 2020. To allow parents time to connect with their children and the rest of the caregiving community during the work day, Asana offers Asana Family Break, bringing in outside storytellers and magicians to host virtual, kid-oriented sessions.

Great Place to Work determined the Best Workplaces for Parents™ by gathering and analyzing confidential employee experience feedback representing 4.8 million U.S. employees across more than 20 industries. Employees reported their workplace experience using the industry-leading Trust Index© survey. The survey is proven to quantify over 75 metrics of company culture, including levels of trust, pride, management effectiveness, innovation, diversity and equity.

Great Place to Work’s analysis also focused on how parents’ workplace experiences compare to those of their non-parent colleagues and determining whether their job level, race/ethnicity or any other personal characteristic changed the level of support they received as a working parent. Finally, they reviewed each company’s parental leave, adoption, flexible schedule, childcare and dependent health care benefits.

“Best workplaces like Asana have built dynamic, flexible, and transparent workplaces built on trust,” said Michael C. Bush, CEO of Great Place to Work. “This gives companies on this list a powerful opportunity not just to do well for their people, but also to do well for their businesses.”

About Asana

Asana helps teams orchestrate their work, from small projects to strategic initiatives. Headquartered in San Francisco, CA, Asana has more than 82,000 paying organizations and millions of free organizations across 190 countries. Global customers such as Allbirds, Sephora, Sky, Spotify, Viessmann, and Woolworths rely on Asana to manage everything from company objectives to digital transformation to product launches and marketing campaigns. For more information, visit www.asana.com.

About the Best Workplaces for ParentsTM

Great Place to Work based its ranking on a data-driven methodology applied to confidential Trust Index™ survey responses representing over 9,000,000 employees working at Great Place to Work-CertifiedTM organizations for Parents industry. To learn more about Great Place to Work Certification and recognition on Best Workplaces lists published with Fortune, visit greatplacetowork.com.

About Great Place to Work®

Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees around the world and used those deep insights to define what makes a great workplace: trust. Great Place to Work helps organizations quantify their culture and produce better business results by creating a high-trust work experience for all employees. Emprising®, their culture management platform, empowers leaders with the surveys, real-time reporting, and insights they need to make data-driven people decisions. Their unparalleled benchmark data is used to recognize Great Place to Work-Certified™ companies and the Best Workplaces™ in the US and more than 60 countries, including the 100 Best Companies to Work For® and World’s Best WorkplacesTM list published annually in Fortune. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.

Leah Wiedenmann

[email protected]

+1-415-612-0635

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Technology Mobile/Wireless Parenting Security Software Networks Internet Consumer Data Management

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This year, Asana was recognized for its industry leading approach to providing a best in class experience for working parents and caregivers, and creating a people-first culture. (Photo: Business Wire)
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DEADLINE ALERT for FAF, ZSAN, BMWYY, WFC: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

BENSALEM, Pa., Dec. 02, 2020 (GLOBE NEWSWIRE) — Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to [email protected].

First American Financial Corporation (NYSE: FAF)
Class Period: February 17, 2017- October 22, 2020
Lead Plaintiff Deadline: December 24, 2020

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company failed to implement basic security standards to protect its customers’ sensitive personal information and data; (2) First American Financial 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.

Zosano Pharma Corporation (NASDAQ: ZSAN)
Class Period: February 13, 2017 – September 30, 2020
Lead Plaintiff Deadline: December 28, 2020

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company’s clinical results reflected differences in zolmitriptan exposures observed between subjects receiving different lots; (2) that pharmocokinetic studies submitted in connection with the Company’s NDA included patients exhibiting unexpected high plasma concentrations of zolmitriptan; (3) that, as a result of the foregoing differences among patient results, the FDA was reasonably likely to require further studies to support regulatory approval of Qtrypta; (4) that, as a result, regulatory approval of Qtrypta was reasonably likely to be delayed; and (5) as a result of the foregoing, Defendants’ public statements were materially false and misleading at all relevant times.

Bayerische
Motoren
Werke Aktiengesellschaft (OTC: BMWYY)
Class Period: November 3, 2015 – September 24, 2020
Lead Plaintiff Deadline: December 28, 2020 

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) BMW kept a “bank” of retail vehicle sales that it used to meet internal monthly sales targets regardless of when the sales actually occurred; (2) BMW artificially manipulated sales figures by having dealers register cars as sold when the cars were still in inventory; and (3) BMW’s key operating metrics were inaccurate and misleading due to the forgoing facts. When the true details entered the market, the lawsuit claims that investors suffered damages; 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.

Wells Fargo & Company (NYSE: WFC)
Class Period: October 13, 2017 – October 13, 2020
Lead Plaintiff Deadline: December 29, 2020

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Wells Fargo had systematically failed to follow appropriate underwriting standards and due diligence guidelines in issuing billions of dollars’ worth of commercial loans, including by inflating the net income and future expected cash flows of its commercial clients to justify issuing excessive loan amounts; (2) a materially higher proportion of Wells Fargo’s commercial loans were to customers of poor credit quality and/or at a substantially higher risk of default than disclosed to investors; (3) Wells Fargo had failed to timely write down commercial loans, CLOs and CMBS on its books that had suffered impairments; (4) Wells Fargo had materially understated the reserves needed for expected credit losses in its commercial portfolios; (5) Wells Fargo had systematically misrepresented the credit quality and likelihood of default of the loans it packaged and securitized into CLOs and CMBS, including by artificially inflating the net income and expected cash flows of its commercial clients in loan and securitization documentation; (6) the CLO and CMBS-related loans issued and investment securities held by Wells Fargo were of lower credit quality and worth far less than represented to investors; (7) as a result of the foregoing, the Company’s statements regarding the credit quality of its commercial loans, its underwriting and due diligence practices, and the value of its CLO and CMBS books were materially false and misleading; and (8) as a result of the foregoing, the Company was exposed to severe undisclosed risks of financial, reputational and legal harm, in particular in the event of significant and sustained stress in the commercial credit markets.

To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

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

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com



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Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HP Inc. (HPQ)

LOS ANGELES, Dec. 02, 2020 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming January 4, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired HP Inc. (“HP” or the “Company”) (NYSE: HPQ) common stock between November 6, 2015 and June 21, 2016, inclusive (the “Class Period”).

If you suffered a loss on your HP investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/hp-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

HP offers personal computers, printers, and related supplies, solutions, and services. Within HP’s Printing segment is the Supplies division, which consists of printing and computing supplies, such as toner, ink cartridges, and related printing supplies. Almost 80% of HP’s operating profit is derived from its Printing business.

On June 21, 2016, after the market closed, HP revealed that it would reduce its Supplies channel inventory by $450 million, resulting in a corresponding reduction of $450 million in Supplies revenue over the remainder of 2016.

On this news, HP’s stock price fell $0.72, or 5.4%, to close at $12.61 per share on June 22, 2016.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that HP’s channel inventory management and sales practices resulted in the sale of supplies to customers that did not need or want the product in order to artificially increase revenues and profits; (2) that HP’s channel inventory management and sales practices resulted in the sale of supplies to customers outside of designated regions at unsustainable discounts in order to artificially increase revenues and profits; (3) that HP’s channel inventory management and sales practices resulted in the sale of supplies at steep discounts to customers to encourage those customers to sell the supplies further down the supply channel, out of HP’s inventory management metrics; and (4) that, as a result of the foregoing, defendants’ statements about the Company’s business condition and prospects were materially false and misleading when made.

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you purchased or otherwise acquired HP common stock during the Class Period, you may move the Court no later than January 4, 2021 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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

Contacts

Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

 



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Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Neovasc Inc. (NVCN)

LOS ANGELES, Dec. 02, 2020 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming January 5, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Neovasc Inc. (“Neovasc” or the “Company”) (NASDAQ: NVCN) securities between October 10, 2018 and October 27, 2020, inclusive (the “Class Period”).

If you suffered a loss on your Neovasc investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/neovasc-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

Neovasc is a specialty medical device company that develops, manufactures and markets products for cardiovascular diseases, including the Tiara technology and the Reducer. The Company’s Reducer is a medical device that treats refractory angina by altering blood flow in the heart’s circulatory system.

In December 2018, the Company filed a Q-Sub submission to the U.S. Food and Drug Administration (“FDA”) that contained safety and efficacy results from Neovasc’s clinical studies, as well as supporting data from peer-reviewed journals.

On February 20, 2019, Neovasc announced that, despite “Breakthrough Device Designation,” the FDA review team recommended that the Company collect further pre-market blinded data prior to submitting a Pre-Market Approval (“PMA”) application.

On November 1, 2019, the Company announced that it would submit a PMA application for the Reducer without gathering further evidence, against the FDA’s recommendation. Neovasc claimed that “the clinical evidence already available will be sufficient to not further delay the availability of this Breakthrough medical device for the treatment of U.S. patients.”

On October 28, 2020, before the market opened, the Company announced that an FDA advisory panel voted overwhelmingly against the safety and effectiveness of the Reducer. The panel noted concerns with the Company’s clinical data, including “that the lack of blinding assessment made the primary endpoint difficult to interpret.” As a result, the panel reached a consensus “that additional premarket randomized clinical data was necessary.”

On this news, the Company’s share price fell $0.77, or 42%, to close at $1.06 per share on October 28, 2020, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the results of COSIRA, Neovasc’s clinical study for the Reducer, contained imbalances in missing information present in the control group versus the treatment group, including significant missing information for secondary endpoints but none for the primary endpoint; (2) that the imbalance in missing information indicated that control subjects were aware of their treatment assignment (not blinded) and less inclined to participate in additional data collection; (3) that blinding is critical when studying a placebo-responsive condition such as angina; (4) that the lack of blinding assessment made the primary endpoint difficult to interpret; (5) that, as a result of the foregoing, the FDA was reasonably likely to require additional premarket clinical data; (6) that, as a result, the Company’s PMA for Reducer was unlikely to be approved without additional clinical data; and (7) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you purchased or otherwise acquired Neovasc securities during the Class Period, you may move the Court no later than January 5, 2021 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

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

Contacts

Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com



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Twilio Segment Highlights Future of CDP Industry in New Report

Survey of 4,000+ decision makers shows that customer data is seen as the new currency, and digital transformation will drive CDP adoption

SAN FRANCISCO, Dec. 02, 2020 (GLOBE NEWSWIRE) — Twilio Segment, the world’s leading customer data platform (CDP), today published “The 2030 Today Report,” a future-looking survey that shares new data about the current and future state of the CDP industry. Surveying over 4,000 decision makers and drawing on expertise from leading marketers at HubSpot, AWS, Peloton, FOX, Okta, and more, the report finds that 73% of respondents believe a customer data platform will be critical to their customer experience efforts.

“Customer data is the new currency for any serious digital-first business because it underpins all meaningful customer experiences,” said Peter Reinhardt, CEO of Twilio Segment. “Fifty-eight percent of respondents expect customer data to drive revenue growth for their company. To do that, the data must be accurate and real-time, so they can deliver hyper-personalized experiences that exceed expectations in the digital era.”

Customer Data Will be Key for the New Digital-First World

The COVID-19 pandemic drastically changed the way we do business and accelerated most companies’ digital transformation roadmaps by at least ten years. This permanent shift is forcing companies to navigate across digital channels and devices, while managing an influx of direct customer interactions at a scale previously thought impossible to handle.

This shift was highlighted during 2020’s Black Friday and Cyber Monday, which saw record-breaking online spending, while traffic at stores fell by more than half compared to last year. This behavior underscores that customers’ expectations have evolved, making it crucial for companies to deliver memorable and personalized experiences on digital. This trend is reflected in Segment’s report, which found customer experience is the number one priority for businesses.

Driving successful digital experiences requires an up-to-date, real-time view of customers, making CDPs a must-have infrastructure for any business aiming to meet these new realities.

Segment’s recent survey uncovered a number of insights about how and why companies are turning to CDPs, including:

  • Data silos are being torn down: Companies see accurate, real-time customer data as central to their digital transformation efforts, and they are hungry for data accessibility and unification. Sixty-one percent of respondents said they would like increased access to data across the organization.
  • Personalization takes on a new urgency: Businesses are turning to CDPs for personalization, real-time customer profiles, and multi-channel campaign orchestration. More than 60% say that a CDP will be critical to their personalization efforts.
  • AI use cases are proliferating: Marketers are looking for new ways to deploy their customer data. Nearly 50% say they will use a CDP for AI and machine learning. CDPs are crucial in preparing data for AI/ML applications, which will drive the future of cutting-edge and personalized customer experiences, such as automatically ranking content or putting the right products in front of each customer.

CDP budgets have increased due to COVID-19, and the technology is expected to remain a strategic priority in the years ahead. Sixty-two percent of respondents say they will spend over $100,000 on their CDP this year, and 47% say they will increase their CDP budget by 25% in the next five years.

The full report is available at: www.segment.com/2030-today

Methodology: Segment surveyed more than 4,000 decision makers from the following industries: Internet, Software & Services, Manufacturing, Financial Services, CPG, Healthcare, Media, Education, Professional Services.

About Twilio Segment

Twilio Segment is the world’s leading customer data platform (CDP). Our platform democratizes access to reliable data for all teams, and offers a complete toolkit to standardize data collection, unify user records and route customer data into any system where it’s needed. More than 20,000 companies like Intuit, FOX, Instacart, and Levi’s use Segment to make real-time decisions, accelerate growth, and deliver compelling user experiences. For more information, visit https://segment.com.

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