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ZURICH, Switzerland, Nov. 17, 2020 /PRNewswire/ — In 2020, Amcor – a leading packaging company – received a rating of AA (on a scale of AAACCC) in the MSCI ESG Ratings assessment. This rating is the highest in the packaging industry and is the second highest rating available. 2020 is the 4^th year in a row that Amcor has achieved an AA rating – MSCI describes AA rated companies as ‘a company leading its industry in managing the most significant ESG risks and opportunities’.

This rating is announced following the release of Amcor’s Sustainability Report and Sustainability Review – both of which outline progress towards the company’s 2025 commitment to make all of its packaging recyclable or reusable and which track progress against a range of other metrics including use of recycled content and CO2 reductions. Amcor’s AA rating is supported by the company’s investment in research and development to enable innovations in designed-to-be-recycled packaging and by its efforts to reduce environmental impact throughout the business. This rating recognizes the ongoing integration of sustainability into Amcor’s business and is a tribute to Amcor’s ongoing success in managing its ESG risks and opportunities.

David Clark, Vice President for Sustainability at Amcor said: “We are proud and pleased that Amcor’s industry leading efforts on sustainability have been recognized by MSCI. Our AA rating reflects the integration of sustainability into Amcor’s business – from our innovation priorities to our supply chain to our management of our factories and plants. Investors can be confident that Amcor are managing our ESG risks and opportunities, and we are pioneering progress in the packaging sector.”

Amcor reports on its sustainability metrics in accordance with the Global Reporting Initiative (GRI) Standards: Core option and Sustainability Accounting Standards Board (SASB) Containers & Packaging Sustainability Accounting Standard version 2018-10. This is the ninth year that Amcor has reported in accordance with GRI and the first year it has reported using the SASB Standards. Learn more about Amcor’s sustainability activities at www.amcor.com/sustainability

About Amcor

Amcor is a global leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect their products and the people who rely on them, differentiate brands, and improve supply chains through a range of flexible and rigid packaging, specialty cartons, closures, and services. The company is focused on making packaging that uses less materials, is increasingly recyclable and reusable, and is made with more recycled content. Around 47,000 Amcor people generate $12.5 billion in annual sales from operations that span about 230 locations in 40-plus countries. NYSE: AMCR; ASX: AMC

www.amcor.com  I  LinkedIn  I  Facebook  I  Twitter  I  YouTube

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SOURCE Amcor

NEW YORK, Nov. 17, 2020 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Semiconductor Manufacturing International Corp. (OTC: SMICY) resulting from allegations that SMIC may have issued materially misleading business information to the investing public.

On September 7, 2020, after market hours, Reuters reported that “The Trump administration is considering whether to add China’s top chipmaker SMIC to a trade blacklist, a Defense Department official said[.]” On this news, SMIC’s American Depositary Receipt (“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 reported that “The United States has imposed restrictions on exports to China’s biggest chip maker SMIC after concluding there is an ‘unacceptable risk’ equipment supplied to it could be used for military purposes.” On this news, SMIC’s ADR price fell $0.57 per ADR, or approximately 4.7%, to close at $11.47 per ADR on September 28, 2020, the next trading day.

Rosen Law Firm is preparing a securities lawsuit on behalf of SMIC shareholders. If you purchased securities of SMIC please visit the firm’s website at http://www.rosenlegal.com/cases-register-1961.html to join the securities action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

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

——————————-

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40^th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      [email protected]
      [email protected]
      www.rosenlegal.com

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SOURCE Rosen Law Firm, P.A.

VANCOUVER, BC, Nov. 17, 2020 /CNW/ – Trading resumes in:

Company: Niobay Metals Inc.

TSX-Venture Symbol: NBY

All Issues: Yes

Resumption (ET): 12:00 PM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

VANCOUVER, BC, Nov. 17, 2020 /CNW/ – Trading resumes in:

Company: The Very Good Food Company

CSE Symbol: VERY

All Issues: Yes

Resumption (ET): 11:45 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC)

ROCKVILLE, Md., Nov. 17, 2020 /PRNewswire/ — Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest lodging franchisors, has announced three new leaders to advance the company’s corporate priorities and drive growth.

These include:

• 
  Jonathan Mills
  joins Choice Hotels as chief executive officer for Choice Hotels Europe, where he will oversee the company’s continued investments in Europe for franchisees and guests. In this position, Mills is responsible for setting the strategic and operational direction for the company in Europe with a goal of driving growth and performance. He will lead all business and franchising operations for the region, including development, franchise operations, corporate sales, marketing, franchise relations and finance. Additionally, he will oversee and support over 430 franchised properties in more than 20 countries. Mills has more than 30 years of experience in the hospitality industry, leading strategic growth initiatives and performance for global companies. He joins Choice Hotels from Wyndham Destinations, where he served as managing director of Resorts Condominiums International, Asia Pacific and Dial An Exchange, Global. Prior to that, he worked at InterContinental Hotels Group (IHG) as head of operations for Holiday Inn Express and IHG Shared Services Asia Australasia. He previously held sales and marketing leadership roles at Hilton and Forte & Le Méridien Hotels & Resorts, among other companies. An award-winning hospitality professional, Mills attended Southfields College in Leicestershire, England. Mills will be based in Amsterdam, where he will lead Choice’s growing Pan-European leadership team.
• 
  Olivier Macpherson
  has been appointed as regional finance director, Choice Hotels Europe, a position supporting the company’s continued investments in the region. In this role, he will lead all financial and administrative functions for Choice’s Europe operations, including accounting, financial planning and analysis, tax, and treasury operations. With more than 20 years of corporate finance experience, Macpherson most recently served as regional finance director for Michael Page International in Northern Europe and Germany. He will be based in Amsterdam reporting directly to Mills, and will be part of Choice’s pan-European leadership team. Under Mills’ leadership, the pan-European leadership structure will set the foundation to drive financially and operationally sound investments and growth in the region. Macpherson studied law at Leiden University and business economics at the University of Applied Sciences Utrecht in the Netherlands, as well as accountancy and corporate governance in several post graduate programs across Europe.
• 
  Neerav Dudhwala
  joins Choice Hotels as the head of the Ascend Hotel Collection brand. In this role, he will help elevate the brand’s value proposition and further its leadership position as the first and largest soft brand in the industry. Dudhwala will collaborate with the company’s marketing and distribution department to improve top line revenue for owners, as well as the franchise development team to attract new investment to the collection. Dudhwala comes to Choice following 19 years with Wyndham Hotels & Resorts. During his tenure, he held leadership positions in franchise operations and quality, most recently overseeing AmericInn by Wyndham, and worked closely with internal stakeholders and franchisee advisory groups to drive hotel performance and fuel unit growth. Dudhwala attended Pennsylvania State University.

Choice Hotels continues to be recognized for workplace achievements. Just this year, Choice was named by Forbes as a Best Employer for Diversity as well as Best Employer for Veterans; earned a top score on Disability:IN’s 2020 Disability Equality Index; and was recognized by the Human Rights Campaign Foundation’s Corporate Equality Index as a Best Place to Work for LGBTQ Equality. In July, Choice’s president and chief executive officer, Patrick Pacious, was awarded Comparably’s Best CEOs for Women Award for inspiring, encouraging and supporting women’s voices and contributions in the workplace.

About Choice Hotels

^®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. With more than 7,100 hotels, representing nearly 600,000 rooms, in over 40 countries and territories as of September 30, 2020, the Choice^® family of hotel brands provide business and leisure travelers with a range of high-quality lodging options from limited service to full-service hotels in the upscale, midscale, extended-stay and economy segments. The award-winning Choice Privileges^® loyalty program offers members benefits ranging from everyday rewards to exceptional experiences. For more information, visit www.choicehotels.com.  

© 2020 Choice Hotels International, Inc. All rights reserved.

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SOURCE Choice Hotels International, Inc.

LOS ANGELES, Nov. 17, 2020 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Wells Fargo & Company (“Wells Fargo” or the “Company”) (NYSE: WFC) securities between October 13, 2017 and October 13, 2020, inclusive (the “Class Period”). Wells Fargo investors have until December 29, 2020 to file a lead plaintiff motion.

If you are a shareholder who suffered a loss, click here to participate.

On April 14, 2020, Wells Fargo announced its first quarter 2020 financial results in a press release. Therein, the Company announced a $4 billion provision expense to account for expected credit delinquencies, including $940 million in net charge-offs on loans and debt securities and a $3.1 billion reserve build.

On this news, the Company’s stock price fell $4.54, or 14%, over three consecutive trading sessions to close at $26.89 per share on April 16, 2020.

On May 5, 2020, Wells Fargo filed its quarterly report with the SEC for first quarter 2020, in which it stated that Wells Fargo’s collateralized loan obligations (“CLOs”) investments fell 9% and that the Company suffered $1.7 billion in unrealized losses on its CLO investments during the quarter.

On this news, the Company’s stock price fell $1.74, or 6%, over two consecutive trading sessions to close at $25.61 per share on May 6, 2020.

On June 10, 2020, Wells Fargo’s Chief Financial Officer, John Shrewsberry, presented at the Morgan Stanley Virtual US Financials Conference, during which he stated that the second quarter reserve build would be even “bigger than the first quarter” due to continued deterioration in the Company’s credit portfolio.

On this news, the Company’s stock price fell $5.84, or 18%, over two consecutive trading sessions to close at $26.79 per share on June 11, 2020.

On July 14, 2020, Wells Fargo announced its second quarter 2020 financial results in a press release, disclosing a $9.5 billion provision expense to account for expected credit delinquencies.

On this news, the Company’s stock price fell $1.16, or 5%, to close at $24.25 per share on July 14, 2020.

On October 14, 2020, Wells Fargo announced a $769 million provision expense for third quarter 2020, but the Company’s CFO stated that further deterioration of the credit portfolio had been forestalled due to short-term customer accommodations provided since the start of the pandemic.

On this news, the Company’s stock price fell $1.49, or 6%, to close at $23.25 per share on October 14, 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) while issuing billions of dollars’ worth of commercial loans, the Company consistently failed to follow appropriate underwriting standards and due diligence guidelines, including 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 its commercial loans were to customers of poor credit quality and/or at a substantially higher risk of default than disclosed to investors; (3) the Company had failed to timely write down commercial loans, CLOs and CMBS on its books that had suffered impairments; (4) the Company had materially understated the reserves needed for expected credit losses in its commercial portfolios; (5) the Company had systematically misrepresented the credit quality and likelihood of default of the loans it packaged and securitized into CLOs and CMBS; (6) the CLO and CMBS-related loans issued and investment securities held by the Company were of lower credit quality and worth far less than represented to investors; (7) as a result of the above, 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 above, 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; 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.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Wells Fargo securities during the Class Period, you may move the Court no later than December 29, 2020to ask the Court to appoint you as lead plaintiff.  To be a member of the Class 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.  If you purchased Wells Fargo 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.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.

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles