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INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against K12 Inc. and Encourages Investors to Contact the Firm Before January 19, 2021

NEW YORK, Dec. 10, 2020 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of Virginia on behalf of those who acquired K12 Inc. (“K12” or the “Company”) (NYSE: LRN) securities during the period from April 27, 2020 through September 18, 2020 (the “Class Period”). Investors have until January 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

The Complaint alleges that K12 made false and misleading statements to the public throughout the Class Period and failed to disclose that: (1) K12 lacked the technological capabilities, infrastructure, and expertise to support the increased demand for virtual and blended education necessitated by the global pandemic; (2) K12 lacked adequate cyberattack protocols and protections to prevent the disabling of its computer systems; (3) K12 was unable to provide the necessary levels of administrative support and training to teachers, students, and parents; and (4) K12’s officers lacked a reasonable basis for their positive statements about the Company’s business, operations, and prospects.

On August 26, 2020, reports emerged that K12’s training for teachers in Miami-Dade County Public Schools, one of the largest school districts in the country, had been ineffective and unacceptable. On this news, K12’s shares declined by $4.40 (or 10.1%) to close at $39.17 on August 26, 2020.

When classes in Miami-Dade started on August 31, 2020, K12’s platform experienced major technical issues, disruptions, and a series of cyberattacks. In response, the district’s superintendent revealed that the district had never executed its $15.3 million contract with K12. On this news, the price of K12 shares declined by $1.66 (or 4.5%) to close at $34.89 on September 3, 2020.

On September 10, 2020, the Miami-Dade County Public School’s Board voted to terminate their contract with K12. On this news, the price of K12 common shares declined by $3.21 (or 11.5%) to close at $30.55 on September 10, 2020.

If you acquired K12 securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney at 212-371-6600, by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney’s website: www.kmllp.com.

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

Contacts

Kirby McInerney LLP
Thomas W. Elrod, Esq., (212) 371-6600
[email protected]
www.kmllp.com



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INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Minerva Neurosciences, Inc. 

NEW YORK, Dec. 10, 2020 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of Massachusetts on behalf of those who acquired Minerva Neurosciences, Inc. (“Minerva” or the “Company”) (NASDAQ: NERV) securities during the period from May 15, 2017 through November 30, 2020 (the “Class Period”). Investors have until February 8, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

On December 1, 2020, Minerva announced the results of its meeting with the U.S. Food and Drug Administration concerning Minerva’s attempt to submit a New Drug Application for roluperidone, to treat negative symptoms in schizophrenia. The FDA advised that an NDA submission based on Minerva’s current data from two studies “would be highly unlikely to be filed” and that doing so would present “substantial review issues due to the lack of two adequate and well-controlled trials to support efficacy claims.” On this news, Minerva’s stock price fell $1.00 per share, or approximately 26%, to close at $2.89 per share on December 1, 2020.

This most recent development follows Minerva’s May 29, 2020 announcement of the results of its Phase III clinical trial for the use of roluperidone to treat negative symptoms in schizophrenia. The Phase III study failed to show statistically significant differences from placebo on both the primary and key secondary endpoints. On this news, the Company’s stock price fell $9.76 per share, or approximately 72.5%, to close at $3.71 per share on May 29, 2020.

If you acquired Minerva securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney at 212-371-6600, by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney’s website: www.kmllp.com.

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

Contacts

Kirby McInerney LLP
Thomas W. Elrod, Esq., (212) 371-6600
[email protected]
www.kmllp.com

 



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ROSEN, A TOP RANKED LAW FIRM, Reminds Splunk Inc. Investors of Important Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact the Firm – SPLK

NEW YORK, Dec. 10, 2020 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Splunk Inc. (NASDAQ: SPLK) between October 21, 2020 and December 2, 2020, inclusive (the “Class Period”), of the important February 2, 2021 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Splunk investors under the federal securities laws.

To join the Splunk class action, go to http://www.rosenlegal.com/cases-register-2000.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021; (2) Splunk was not hitting the financial targets it had previously announced; and (3) as a result of the foregoing, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 2, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-2000.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, 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, 40th 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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sPower Expands New York Portfolio Through 1-Gigawatt Acquisition

sPower Expands New York Portfolio Through 1-Gigawatt Acquisition

sPower acquires nine Upstate New York solar projects from National Grid Renewables

SALT LAKE CITY–(BUSINESS WIRE)–
sPower, a leading renewable energy Independent Power Producer (IPP), announced today the acquisition of nine solar projects in New York from National Grid Renewables, the renewable energy arm of National Grid’s competitive, unregulated division. The portfolio includes projects in Franklin, Jefferson, Chautauqua, Lewis, and other counties across Upstate New York. This portfolio is estimated to have a 1-gigawatt (GWdc) capacity of renewable energy.

Six of the nine projects are currently in the early stages of the Article 10 permitting application process. The projects are expected to reach commercial operation between December of 2022 and December of 2023.

The news of this portfolio acquisition from National Grid Renewables comes as sPower announces a merger with TheAES Corporation’s (AES) US-based clean energy development business. sPower has been jointly-owned by AES and Alberta Investment Management Corporation (AIMco) since 2017. The AES-sPower transaction is expected to close in the next few months upon successful completion of customary closing conditions.AES Clean Energy will also include AES Distributed Energy and a wind development team formerly part of Advanced Energy. The merged business will represent one of the top renewable growth platforms in the country. In New York, the company will have a combined operating portfolio of nearly 150-megawatts (MWdc) and a more than 1-gigawatt development portfolio.

“Our merged renewables platform will bring together sPower and AES’ differentiated capabilities in solar, wind, and energy storage. Through this platform, we look to accelerate the transition to a carbon-free future, a vision we share with New York State,” said Leo Moreno, president of AES Clean Energy. “We are thrilled to further expandin New York and look forward to continuing to build a platform that is uniquely positioned to help the state realize its goal of 70 percent renewable energy by 2030.”

“As one of the largest project-portfolio acquisitions in sPower’s history, this is a tremendous feat. It was made possible through the hard work of our team and collaboration with National Grid Renewables,” said Brian Callaway, Vice President of Structured Finance and M&A. “This transaction highlights our leadership in strategic acquisitions and partnerships as part of our holistic renewable energy development strategy.”

The more than 1-gigawatt acquired portfolio will provide significant benefits to the region, including economic benefits for the local communities, counties, and State in the form of clean, renewable energy generation and economic development through construction, operations, and maintenance jobs, expenditures for supplies and materials, lease payments to participating landowners, and tax payments to local communities. sPower also intendsto hire local Union Labor, whenever possible, throughout the portfolio’s development.

“We are actively working to develop this portfolio in a way that benefits communities and allows for their input throughout the process,” said Mike Farrell, sPower’s New York-based Senior Manager of Solar Development. “As we move forward, we remain committed to local communities and developing the project portfolio in a way that is mutually beneficial.”

About sPower:

Headquartered in Salt Lake City, Utah, with a regional office in Brooklyn, New York, sPower is a leading independent power producer (IPP) that owns and operates a wind, solar, and storage portfolio of nearly 2,000 megawatts. sPower is owned by a joint venture partnership between The AES Corporation (NYSE: AES), a Fortune 500 global power company, and the Alberta Investment Management Corporation (AIMCo), one of Canada’s largest and most diversified institutional investment managers. For more information about sPower in New York, visit www.spower.com/ny.

About AES:

The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we’re improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, visit www.aes.com/even-better-together/.

About National Grid Renewables:

National Grid Renewables, part of the competitive, unregulated National Grid Ventures division of National Grid (NYSE: NGG), develops, owns and operates large-scale renewable energy assets across the United States, including solar, wind and battery storage. As a farmer-friendly and community-focused business, National Grid Renewables develops projects for corporations and utilities that seek to repower America’s electricity grid by reigniting local economies and reinvesting in a sustainable, clean energy future.

National Grid Renewables has a robust development pipeline of wind, solar and battery storage projects in various stages of development throughout the United States, as well as geographically diverse operational assets across the country. It supports National Grid’s vision of being at the heart of a clean, fair and affordable energy future for all. Please visit www.nationalgridrenewables.com to learn more.

sPower

Lara Hamsher

2180 South 1300 East, Suite 600, Salt Lake City, UT 84106

[email protected]

KEYWORDS: Utah New York United States North America

INDUSTRY KEYWORDS: Alternative Energy Energy Utilities Environment

MEDIA:

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INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Cabot Oil & Gas Corporation and Encourages Investors to Contact the Firm Before January 12, 2021

NEW YORK, Dec. 10, 2020 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Middle District of Pennsylvania on behalf of those who acquired Cabot Oil & Gas Corporation (“Cabot” or the “Company”) (NYSE: COG) securities from October 23, 2015 through June 12, 2020 (the “Class Period”). Investors have until January 12, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

The complaint alleges that throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (i) Cabot Oil had inadequate environmental controls and procedures and/or failed to properly mitigate known issues related to those controls and procedures; (ii) Cabot Oil failed to fix faulty gas wells that were polluting Pennsylvania’s water supplies through stray gas migration; and (iii) Cabot Oil continually downplayed its potential civil and/or criminal liabilities with respect to environmental matters.

On July 26, 2019, Cabot Oil filed its quarterly report on Form 10-Q with the SEC for the quarter ended June 30, 2019. The Form 10-Q disclosed that the Company had received two proposed Consent Order and Agreements related to two Notices of Violation it had received from the Pennsylvania Department of Environmental Protection two years earlier (in June and November 2017) for failure to prevent the migration of gas into fresh groundwater sources in the area surrounding Susquehanna County, Pennsylvania. As a result of this news, the price of Cabot Oil stock declined 12%.

Then, on June 15, 2020, following a grand jury investigation, the Pennsylvania Attorney General’s office charged Cabot Oil with 15 criminal counts due to its failure to fix the faulty gas wells that had polluted Pennsylvania’s water supplies through stray gas migration. In announcing the charges, Pennsylvania’s Attorney General, Josh Shapiro, emphasized that defendants “put their bottom line ahead of the health and safety of our neighbors” and that “Cabot knows what they’ve done.” On this news, the price of Cabot Oil stock declined more than 3%.

If you acquired Cabot securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney at 212-371-6600, by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney’s website: www.kmllp.com.

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

Contacts

Kirby McInerney LLP
Thomas W. Elrod, Esq., (212) 371-6600
[email protected]
www.kmllp.com



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Benefitfocus Expands Its Partnership with Transamerica to Provide Seamless Retirement Plan Enrollment

First integrated benefits administration platform to directly support enrollment and management for Transamerica’s 401(k) and 403(b) plans across all market segments

PR Newswire

CHARLESTON, S.C., Dec. 10, 2020 /PRNewswire/ — Benefitfocus, Inc. (NASDAQ: BNFT), an industry-leading benefits technology platform that simplifies benefits administration for employers, health plans and brokers, announces today an enhanced partnership with Transamerica that enables integrated retirement plan enrollment directly through Benefitplace™. This simplified enrollment experience allows employees to quickly enroll in 401(k) and 403(b) retirement plans offered by Transamerica, without the hassle of multiple logins or user names. 

Benefitplace is the first integrated benefits administration solution to directly support 401(k) and 403(b) enrollment and management for Transamerica’s plans across all market segments. Employers will be able to manage these plans along with other employee benefits with the simplicity of Benefitplace. Employees will have an optimized user experience, with the ability to enroll in and manage plans directly in the platform.

“Every aspect of our technology solutions is meant to minimize the complexity of employee benefits administration for our employer customers. This means designing a wider range of tools, integrations and partnerships that reduce the administrative burden faced by benefits administrators,” said Steve Swad, Benefitfocus President & CEO. “Financial security is on the minds of most Americans today and this partnership with Transamerica will help employers offer their employees easier access to investment plans that help them protect their future.”

Benefitfocus developed innovative, real-time integration solutions with Transamerica to improve the plan enrollment and management process. In doing so, pairing seamless retirement plan enrollment alongside traditional employee benefits within Benefitplace represented a major step forward in solving important employee engagement challenges, such as low retirement plan participation and contribution rates. Helping employers increase assets in their retirement plans lowers their investment and administrative fees as a percentage of the total investment.

Driving Greater Retirement Plan Participation
Bureau of Labor Statistics National Compensation Survey (NCS) data shows no real change in retirement plan participation in recent years. In 2018, the NCS shows that 81% of full-time employees were offered a retirement plan and only 61% participated.

One of the largest barriers to retirement plan participation cited in industry surveys is ease of access. Having two different platforms to access health care benefits and, separately, retirement benefits, is an impediment to increasing employee engagement and participation, as well as giving employees access to deferral rates that help them secure a better financial future. 

“Transamerica is pleased to be expanding our relationship with Benefitfocus. Their customers can now easily enroll in their organization’s retirement plan with Transamerica, as well as other employee benefits that we offer,” said Kent Callahan, CEO of Workplace Solutions at Transamerica. “We focus on the connection between wealth and health to help people achieve a lifetime of financial security. Transamerica’s retirement program and supplemental group insurance policies offer workers financial protection from life’s unexpected hurdles as they build their retirement savings.”

Connect with Benefitfocus 
Find out more about Benefitfocus’ solutions for employers.
Like Benefitfocus on Facebook 
Follow @Benefitfocus on Twitter 
Follow Benefitfocus on LinkedIn 
Follow Benefitfocus on Instagram 

About Benefitfocus 
Benefitfocus (NASDAQ: BNFT) unifies the entire benefits industry through innovative technology solutions that bring efficiency, cost savings and simplicity to employee benefits administration. Our powerful cloud-based software, data-driven insights and thoughtfully designed services help employers, insurance brokers, health plans and suppliers address the complexity of benefits enrollment and engagement, while bringing easier access to health, wealth and lifestyle products through a world-class benefits experience. Our mission is simple: to improve lives with benefits. Learn more at www.benefitfocus.com, LinkedIn and Twitter.  

About Transamerica  
With a history that dates back more than 100 years, Transamerica is recognized as a leading provider of life insurance, retirement and investment solutions, serving millions of customers throughout the United States. Recognizing the necessity of health and wellness during peak working life, Transamerica’s dedicated professionals work to help people take the steps necessary to live better today so they can worry less about tomorrow. Transamerica serves nearly every customer segment, providing a broad range of quality life insurance and investment products, individual and group pension plans, as well as asset management services. In 2019, Transamerica fulfilled its promises to customers, paying more than $50 billion in insurance, retirement, and annuity claims and benefits, including return of annuity premiums paid by the customer. Transamerica is headquartered in Baltimore, Maryland, with other major operations in Cedar Rapids, Iowa and Denver, Colorado. Transamerica is part of the Aegon group of companies. Based in the Netherlands, Aegon is one of the world’s largest providers of life insurance, pension solutions and asset management products, operating in more than 20 markets worldwide. For the full year of 2019, Aegon managed over $1 trillion in revenue generating investments. For more information, please visit www.transamerica.com.

INSURANCE NOTICE  
Certain products available on the BENEFITFOCUS BENEFITPLACE™ platform may be regulated through various state agencies as insurance products. Regulated insurance products are offered through brokers affiliated with BenefitStore, Inc. (doing business as 627 Benefits Insurance Agency in California and 627 Insurance Broker Agency in New York), a licensed insurance agency and wholly owned subsidiary of Benefitfocus, or through your, your association’s, or your employer’s appointed broker as applicable. Any insurance coverage is subject to the issuer’s underwriting standards, fees and other terms and conditions associated with specific offering or services as determined by the issuer or provider. 

DISCLAIMER REGARDING FORWARD LOOKING STATEMENTS 
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results or performance might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: the need to innovate and provide useful products and services; our ability to compete effectively; risks related to changing healthcare and other applicable regulations; the immature and volatile nature of the market for our products and services;  our ability to maintain our culture and recruit and retain qualified personnel; privacy; security and other risks associated with our business; management of growth; and the other risk factors set forth from time to time in our SEC filings, copies of which are available free of charge within the Investor Relations section of the Benefitfocus website at http://investor.benefitfocus.com/sec-filings or upon request from our investor relations department. Benefitfocus assumes no obligation and does not intend to update these forward-looking statements, except as required by law.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/benefitfocus-expands-its-partnership-with-transamerica-to-provide-seamless-retirement-plan-enrollment-301190901.html

SOURCE Benefitfocus, Inc.

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INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Berry Corporation

NEW YORK, Dec. 10, 2020 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Texas on behalf of those who acquired Berry Corporation (“Berry” or the “Company”) (NASDAQ: BRY) securities (i) pursuant and/or traceable to the Company’s initial public offering conducted on or about July 26, 2018 (the “IPO” or “Offering”); or (ii) from July 23, 2018 through November 3, 2020, both dates inclusive (the “Class Period”). Investors have until January 21, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

On June 29, 2018, the Company filed its Registration Statement on Form S-l for the IPO, which, after an amendment, was declared effective by the SEC on July 25, 2018 (the “Registration Statement”). On or around July 26, 2018, Berry conducted the IPO, upon which the Company began trading on the NASDAQ Global Select market (“NASDAQ”), issuing 13 million shares of Berry common stock at $14 per share, generating over $138 million in proceeds before expenses. On July 27, 2018 Berry filed its Prospectus on Form 424B4 with the SEC (the “Prospectus” and, collectively with the Registration Statement, the “Offering Documents”).

The complaint alleges that the Offering Documents were negligently prepared, and, as a result, contained untrue statements of material fact, omitted material facts necessary to make the statements contained therein not misleading, and failed to make necessary disclosures required under the rules and regulations governing their preparation. Additionally, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that: (i) Berry had materially overstated its operational efficiency and stability; (ii) Berry’s operational inefficiency and instability would foreseeably necessitate operational improvements that would disrupt the Company’s productivity and increase costs; (iii) the foregoing would foreseeably negatively impact the Company’s revenues; and (iv) as a result, the Offering Documents and the Company’s public statements were materially false and/or misleading and failed to state information required to be stated therein.

On November 3, 2020, post-market, Berry reported its financial and operating results for the third quarter of 2020. Among other results, Berry reported non-GAAP EPS and revenue that both fell short of estimates. In addition, Berry reported that during the quarter, “the Company undertook certain operational improvements that caused temporary reductions in our production. Notably, we performed some plugging and abandonment activity that resulted in the temporary shut-in of nearby wells. Additionally, improved steam management reduced overall costs but temporarily increased water disposal and well maintenance needs, resulting in a slight decrease in production.”

On this news, the Company’s stock price fell $0.15 per share, or 5.28%, to close at $2.69 per share on November 4, 2020, representing an 80.78% decline from the IPO price. As of the time this Complaint was filed, the price of Berry securities continues to trade below the Offering price, damaging investors.

If you acquired Berry securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney at 212-371-6600, by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney’s website: www.kmllp.com.

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

Contacts

Kirby McInerney LLP
Thomas W. Elrod, Esq., (212) 371-6600
[email protected]
www.kmllp.com



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Byline Bancorp Declares Cash Dividend

Byline Bancorp Declares Cash Dividend

CHICAGO–(BUSINESS WIRE)–
Byline Bancorp, Inc. (NYSE: BY) announced today that its Board of Directors has declared a cash dividend on its common stock of $0.03 per share for the quarter. The dividend is payable on January 5, 2021 to all stockholders of record as of the close of business on December 22, 2020.

About Byline Bancorp, Inc.

Headquartered in Chicago, Byline Bancorp, Inc. is the parent company for Byline Bank, a full service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank has approximately $6.5 billion in assets and operates more than 50 full service branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and retail banking products and services including small ticket equipment leasing solutions and is one of the top five Small Business Administration lenders in the United States.

Media

Erin O’Neill

Director of Marketing, Byline Bank

[email protected]

773.475.2901

Investors

Tony Rossi

Financial Profiles, Inc.

[email protected]

310.622.8221

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Ocugen Inc. Announces Plan to Postpone Annual Meeting of Stockholders

MALVERN, Pa., Dec. 10, 2020 (GLOBE NEWSWIRE) — Ocugen, Inc. (NASDAQ: OCGN), a biopharmaceutical company focused on discovering, developing, and commercializing transformative therapies to cure blindness diseases, today announced that it will postpone its 2020 Annual Meeting of Stockholders to December 23, 2020 to provide its stockholders additional time to vote on the proposals submitted for stockholder approval at the meeting.

The record date for determining stockholders eligible to vote at the annual meeting will remain the close of business on October 28, 2020. Stockholders who have already submitted a proxy do not need to vote again for the reconvened annual meeting scheduled for Wednesday, December 23, 2020 at 11 a.m. Eastern time, as the proxies submitted will remain valid.


Ocugen stockholders as of close of business on October 28, 2020 who have not voted are encouraged to vote prior to the Annual Meeting online at www.proxyvote.com or by telephone at 1-800-690-6903. Stockholders that need assistance voting or have questions, may contact Ocugen’s proxy solicitation firm, Okapi Partners, at [email protected] or (855) 208-8902.


Stockholders who have already submitted proxies and want to change their proxy can update their vote at any time.  Your vote will be recorded at the annual meeting in accordance with your most recently submitted proxy.

A copy of the Definitive Proxy Statement is available to stockholders on the Company’s website and at the website maintained by the U.S. Securities and Exchange Commission (the “SEC”) at https://www.sec.gov.

Voting on the proposals will be open through the conclusion of Ocugen’s 2020 Annual Meeting of Stockholders on December 23, 2020 at 11:00 a.m. Eastern time. If you hold your shares of our common stock with a broker, bank or other holder of record as nominee or agent, you may be subject to an earlier voting deadline and you should carefully review any materials received from the nominee or agent regarding how to vote your shares.

Ocugen stockholders as of October 28, 2020, the record date for the Annual Meeting, are invited to attend the virtual Annual Meeting by visiting www.virtualshareholdermeeting.com/OCGN2020.

About Ocugen, Inc.

Ocugen, Inc. is a biopharmaceutical company focused on discovering, developing, and commercializing transformative therapies to cure blindness diseases. Our breakthrough modifier gene therapy platform has the potential to treat multiple retinal diseases with one drug – “one to many” and our novel biologic product candidate aims to offer better therapy to patients with underserved diseases such as wet age-related macular degeneration, diabetic macular edema, and diabetic retinopathy. For more information, please visit www.ocugen.com.

Cautionary Note on Forward-Looking Statements

This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. We may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from our current expectations. These and other risks and uncertainties are more fully described in our periodic filings with the Securities and Exchange Commission (the “SEC”), including the risk factors described in the section entitled “Risk Factors” in the quarterly and annual reports that we file with the SEC. Any forward-looking statements that we make in this press release speak only as of the date of this press release. Except as required by law, we assume no obligation to update forward-looking statements contained in this press release whether as a result of new information, future events or otherwise, after the date of this press release.

Corporate Contact:


Ocugen, Inc.


Sanjay Subramanian
Chief Financial Officer
[email protected]

Media Contact:


LaVoieHealthScience


Lisa DeScenza
[email protected]
+1 978-395-5970



Posted on

ELS Declares Fourth Quarter Dividend

ELS Declares Fourth Quarter Dividend

CHICAGO–(BUSINESS WIRE)–
On December 10, 2020, the Board of Directors of Equity LifeStyle Properties, Inc. (NYSE:ELS) (referred to herein as “we,” “us,” and “our”) declared a fourth quarter 2020 dividend of $0.3425 per common share, representing, on an annualized basis, a dividend of $1.37 per common share. The dividend will be paid on January 8, 2021 to stockholders of record at the close of business on December 24, 2020.

This press release includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used, words such as “anticipate,” “expect,” “believe,” “project,” “intend,” “may be” and “will be” and similar words or phrases, or the negative thereof, unless the context requires otherwise, are intended to identify forward-looking statements and may include, without limitation, information regarding our expectations, goals or intentions regarding the future, and the expected effect of our acquisitions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties, including, but not limited to:

  • our ability to control costs and real estate market conditions, our ability to retain customers, the actual use of Sites by customers and our success in acquiring new customers at our Properties (including those that we may acquire);
  • our ability to maintain historical or increase future rental rates and occupancy with respect to properties currently owned or that we may acquire;
  • our ability to attract and retain customers entering, renewing and upgrading membership subscriptions;
  • our assumptions about rental and home sales markets;
  • our ability to manage counter-party risk;
  • our ability to renew our insurance policies at existing rates and on consistent terms;
  • in the age-qualified Properties, home sales results could be impacted by the ability of potential homebuyers to sell their existing residences as well as by financial, credit and capital markets volatility;
  • results from home sales and occupancy will continue to be impacted by local economic conditions, lack of affordable manufactured home financing and competition from alternative housing options including site-built single-family housing;
  • impact of government intervention to stabilize site-built single-family housing and not manufactured housing;
  • effective integration of recent acquisitions and our estimates regarding the future performance of recent acquisitions;
  • the completion of future transactions in their entirety, if any, and timing and effective integration with respect thereto;
  • unanticipated costs or unforeseen liabilities associated with recent acquisitions;
  • our ability to obtain financing or refinance existing debt on favorable terms or at all;
  • the effect of interest rates;
  • the effect from any breach of our, or any of our vendor’s, data management systems;
  • the dilutive effects of issuing additional securities;
  • the outcome of pending or future lawsuits or actions brought against us, including those disclosed in our filings with the Securities and Exchange Commission; and
  • other risks indicated from time to time in our filings with the Securities and Exchange Commission.

In addition, these forward-looking statements are subject to risks related to the COVID-19 pandemic, many of which are unknown, including the duration of the pandemic, the extent of the adverse health impact on the general population and on our residents, customers, and employees in particular, its impact on the employment rate and the economy, the extent and impact of governmental responses, and the impact of operational changes we have implemented and may implement in response to the pandemic.

For further information on these and other factors that could impact us and the statements contained herein, refer to our filings with the Securities and Exchange Commission, including “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q.

These forward-looking statements are based on management’s present expectations and beliefs about future events. As with any projection or forecast, these statements are inherently susceptible to uncertainty and changes in circumstances. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements whether as a result of such changes, new information, subsequent events or otherwise.

We are a fully integrated owner and operator of lifestyle-oriented properties and own or have an interest in 415 quality properties in 33 states and British Columbia consisting of 157,690 sites. We are a self-administered, self-managed, real estate investment trust with headquarters in Chicago.

Paul Seavey

(800) 247-5279

KEYWORDS: Illinois United States North America

INDUSTRY KEYWORDS: REIT Finance Professional Services Residential Building & Real Estate Construction & Property

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