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Opendoor, a Leading Digital Platform for Residential Real Estate, to Become Publicly-traded following Completed Transaction with Social Capital Hedosophia II

Opendoor, a Leading Digital Platform for Residential Real Estate, to Become Publicly-traded following Completed Transaction with Social Capital Hedosophia II

SAN FRANCISCO & PALO ALTO, Calif.–(BUSINESS WIRE)–
Opendoor Labs Inc. (“Opendoor”), the online homes marketplace and pioneer in iBuying, and Social Capital Hedosophia Holdings Corp. II (NYSE: IPOB) (“SCH”), a publicly traded special purpose acquisition company, today completed their previously announced transaction to take Opendoor public. The transaction forms a leading, publicly traded digital platform for residential real estate. The newly formed company is named Opendoor Technologies Inc. (“Opendoor Technologies” or the “Company”), and it will start trading on The Nasdaq Global Select Market (“Nasdaq”) under the new ticker symbol “OPEN.”

Opendoor Technologies will raise approximately $1 billion from the transaction to fuel growth, market expansion and development of new product offerings, as well as accelerate the Company’s plans to expand nationwide and build the first digital one-stop-shop to buy and sell a home. SCH shareholders approved the transaction at a general meeting on December 17, 2020.

Eric Wu, Co-Founder and CEO of Opendoor, said, “Today marks an important step on our path towards making buying and selling a home simple and instant, and unlocking homeownership for millions of people every year. All of us at Opendoor are humbled to reach this significant milestone in our journey of building a generational company, and we are grateful for the countless individuals who have contributed to advancing our mission of empowering everyone with the freedom to move.”

Chamath Palihapitiya, Founder and CEO of SCH, said, “As a leader and innovator in the iBuying space, Opendoor has the opportunity to completely transform the residential real estate industry. We are excited to work with Eric and his talented team as Opendoor begins its next chapter as a public company.”

Co-Founder and CEO Eric Wu will continue to lead the newly formed company with Opendoor’s management team. SCH’s Director Adam Bain, Managing Partner at 01 Advisors and former Chief Operating Officer of Twitter, will join the Company’s Board of Directors. Ciopora Herman, former Chief Financial Officer of the San Francisco 49ers, also joins the Board.

Trading is expected to begin on the Nasdaq on December 21, 2020, under the new ticker symbol “OPEN” for Opendoor Technologies common stock and “OPENW” for the Opendoor Technologies warrants.

Connaught acted as financial advisor, Credit Suisse acted as capital markets advisor and placement agent and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to SCH. Citi acted as financial advisor, and Latham & Watkins LLP and Cooley LLP acted as legal advisor to Opendoor.

About Social Capital Hedosophia II

Social Capital Hedosophia II is a partnership between the investment firms of Social Capital and Hedosophia. Social Capital Hedosophia II unites technologists, entrepreneurs and technology-oriented investors around a shared vision of identifying and investing in innovative and agile technology companies. To learn more about Social Capital Hedosophia, visit www.socialcapitalhedosophiaholdings.com.

About Opendoor

Opendoor’s mission is to empower everyone with the freedom to move. Since 2014, Opendoor has provided people across the U.S. with a radically simple way to buy, sell or trade-in a home. Opendoor currently operates in a growing number of markets across the U.S. and is headquartered in San Francisco.

For more information, please visit www.opendoor.com.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the transaction between Opendoor and SCH, including statements regarding Opendoor Technologies’ business strategy, plans and objectives of management for future operations, including as they relate to the anticipated effects of the business combination and the listing of shares of Opendoor Technologies on Nasdaq. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the outcome of any legal proceedings that may be instituted against SCH and Opendoor following the consummation of the business combination, (ii) the effect of the transaction on Opendoor Technologies’ business relationships, operating results, and business generally, (iii) the risk that the transaction disrupts current plans and operations of Opendoor Technologies, (iv) the ability to maintain the listing of Opendoor Technologies’ securities on a national securities exchange, (v) the risk of downturns and a changing regulatory landscape in the highly competitive residential real estate industry, (vi) costs related to the transaction, (vii) the failure to realize anticipated benefits of the transaction or to realize estimated pro forma results and underlying assumptions, and (viii) the possibility that Opendoor Technologies may be adversely affected by other economic, business, and/or competitive factors. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the registration statement on Form S-4 filed by SCH with the Securities and Exchange Commission (the “SEC”) on October 5, 2020 (Registration No. 333-249302), as amended, and other documents filed by SCH from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Opendoor Technologies assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Opendoor Technologies does not give any assurance that it will achieve its expectations.

Opendoor

Investors:

Whitney Kukulka

The Blueshirt Group

[email protected]

Media:

Sheila Tran / Charles Stewart

Opendoor

[email protected]

Social Capital Hedosophia II

Media:

Sara Evans / Kerry Golds

Finsbury

[email protected] / [email protected]

+1.917.344.9279 / +1.646.957.2279

Jonathan Gasthalter / Carissa Felger

Gasthalter & Co.

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Technology Other Construction & Property Residential Building & Real Estate Software Construction & Property Internet

MEDIA:

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Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Qiwi Plc (QIWI)

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Qiwi Plc (QIWI)

BENSALEM, Pa.–(BUSINESS WIRE)–
Law Offices of Howard G. Smith reminds investors of the upcoming February 9, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Qiwi Plc (“Qiwi” or the “Company”) (NASDAQ: QIWI) securities between March 28, 2019 and December 9, 2020,inclusive (the “Class Period”).

Investors suffering losses on their Qiwi 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 December 10, 2020, the Company issued a press release entitled “QIWI (QIWI) Fined by Bank of Russia, Restricts Operations.” Therein, Qiwi stated that “[f]rom July to December 2020, the Central Bank of Russia (‘CBR’), acting in its supervisory capacity, performed a routine scheduled audit of Qiwi Bank JSC (‘Qiwi Bank’) for the period of July 2018 to September 2020 and, in the course of this audit, has identified certain violations and deficiencies relating primarily to reporting and record-keeping requirements.” The Company was fined RUB 11 million, or approximately USD 150,000. The release also stated that “the CBR introduced certain restrictions with respect to Qiwi Bank’s operations, including, effective from December 7, 2020, the suspension or limitation of most types of payments to foreign merchants and money transfers to pre-paid cards from corporate accounts.”

On this news, the Company’s ADR price fell $2.80 per share, or 20%, to close at $10.79 per share on December 10, 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) Qiwi’s internal controls related to reporting and record-keeping were ineffective; (2) consequently, the Central Bank of Russia would impose a monetary fine upon the Company and impose restrictions upon the Company’s ability to make payments to foreign merchants and transfer money to pre-paid cards; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired Qiwi securities during the Class Period, you may move the Court no later than February 9, 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: Pennsylvania United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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Michelle Moore Named Wells Fargo Digital Platform Leader

Michelle Moore Named Wells Fargo Digital Platform Leader

Moore to manage company’s digital capabilities, reimagine digital banking future for customers

NEW YORK–(BUSINESS WIRE)–
Wells Fargo & Company (NYSE: WFC) today announced that Michelle Moore will join the company as Digital Platform leader, effective Dec. 31, 2020. She will report to Ather Williams III, head of Strategy, Digital and Innovation, and will be based in Charlotte, North Carolina.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201218005099/en/

Michelle Moore, Wells Fargo Digital Platform leader (Photo: Wells Fargo)

Michelle Moore, Wells Fargo Digital Platform leader (Photo: Wells Fargo)

As Digital Platform leader, Moore will support and manage digital platforms and capabilities for the enterprise, as well as digital experiences that support Wells Fargo consumer business units. She will focus on driving solutions that set the industry standard for digital consumer experiences and enable customers to seamlessly interact with Wells Fargo how, when, and where they choose.

“Michelle is a dynamic leader with strong experience developing digital-first customer experiences,” Williams said. “She has deep expertise in delivering innovative solutions that completely reimagine banking and empower customers to conveniently, securely, and easily manage their finances.”

Moore has 20 years of experience in financial services and joins Wells Fargo from Boston Consulting Group, where she advised clients on digital strategy and transformation. Prior to that, she spent 15 years as an executive at Bank of America, where she most recently was head of Digital Banking and Advanced Solutions, overseeing the bank’s mobile and online strategy and transformation, and artificial intelligence roadmap. She also previously held leadership positions in Global Commercial Banking and Middle Market Commercial Banking. Moore was named 2017’s Digital Banker of the Year by American Banker and was named one of 2017’s Innovators to Watch by Bank Innovation.

Moore holds a Master of Business Administration in finance from the University of Rochester’s Simon Business School and earned her Bachelor of Science in applied economics and business management at Cornell University.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.92 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,200 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

News Release Category: WF-LO

Alice Hartnett, 704-621-9539

[email protected]

Hilary O’Byrne, 415-715-4958

[email protected]

KEYWORDS: California New York United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

Photo
Photo
Michelle Moore, Wells Fargo Digital Platform leader (Photo: Wells Fargo)
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DEADLINE ALERT for BABA, BIIB, YY, LRN: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

BENSALEM, Pa., Dec. 18, 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].

Alibaba Group Holding Limited (NYSE: BABA)
Class Period: July 20, 2020 – November 3, 2020
Lead Plaintiff Deadline: January 12, 2021

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 Ant Group did not meet listing qualifications or disclosure requirements for certain material matters; (2) that certain impending changes in the Fintech regulatory environment would impact Ant Group’s business; (3) that, as a result of the foregoing, Ant Group’s IPO was reasonably likely to be suspended; and (4) 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.

Biogen, Inc. (NASDAQ: BIIB) 
Class Period: October 22, 2019- November 6, 2020
Lead Plaintiff Deadline: January 12, 2021

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.

JOYY Inc. (NASDAQ: YY)
Class Period: April 28, 2016 – November 18, 2020
Lead Plaintiff Deadline: January 19, 2021

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) JOYY dramatically overstated its revenues from live streaming sources; (2) the majority of users at any given time were bots; (3) the Company utilized these bots to effect a roundtripping scheme that manufactured the false appearance of revenues; (4) the Company overstated its cash reserves; (5) the Company’s acquisition of Bigo was largely contrived to benefit corporate insiders; and (6) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

K12 Inc. (NYSE: LRN)
Class Period: April 27, 2020 – September 18, 2020
Lead Plaintiff Deadline: January 19, 2021


Shareholders with $100,000 losses or more are encouraged to contact the firm

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) 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) 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.

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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Hidden Dunes Beach & Tennis Resort Hires Charlie Fischer as Director of Tennis

Experienced tennis professional Fischer aims to bring Tennis Pro Am to Miramar Beach

Miramar Beach, Fla, Dec. 18, 2020 (GLOBE NEWSWIRE) — Hidden Dunes Beach & Tennis Resort hires Tennis Professional Charlie Fischer as the new Director of Tennis. After 27 years as the Tennis/Marketing Director of Golf at the Chattahoochee Country Club in Gainesville, Ga, Fischer moved to the Emerald Coast to provide support to the Sandestin Golf & Beach Resort Tennis Center. He has now found a permanent home at Hidden Dunes Tennis Center where he joins the Head Tennis Professional Renee Broxson to lead one of the best tennis programs in the Southeast.

“I’m delighted to join the Hidden Dunes Resort Tennis team,” said Fischer. “Hidden Dunes Resort is small and intimate, and the tennis center is really known for its like-level game matching. We’re planning some upgrades to the courts and we’ll be ready to start welcoming groups in the spring.”

With extensive experience in tennis and golf, Fischer is a certified USPTA-Elite Pro, PTR, and a PPR Pickleball Coach. A graduate of Long Beach State in California, Fischer has achieved USPTA National ranking #4, Men’s 35 Doubles and was a USTA 45 National Doubles Consolation Winner. A military veteran, Fischer is also a four-time Air Force Base Champion and USAF All-European Tennis Team Champion. As a past USPTA Tester for new teaching professionals, he enjoys tennis instruction and will continue this focus at Hidden Dunes Resort.

Fischer will be supported by the Hidden Dunes Tennis Center team, including Head Tennis Professional Renee Broxson who has been with the resort for more than 15 years. Pro shop attendants, Lori McCory and Jean Carter, will be responsible for scheduling court time, registering participants for clinics, arranging like-level game matches and pro shop merchandise sales.

Along with Broxson, Fischer will offer private and semi-private lessons as well as coaching for women’s teams and mixed doubles. Fischer also plans to continue the “You, Me and a Pro” option, which is well-suited for groups of three and provides casual instruction during the match. Seasonally, Fischer and Broxson will offer tennis clinics and are working toward a summer tennis camp for students. Fischer also plans to bring a Tennis Pro Am to Hidden Dunes Resort later this year.

“At Chattahoochee Country Club, we hosted a Tennis Pro Am for 26 years,” shared Fischer. “We raised more than $170,000 for local charities over the years and I think this type of tournament would be very popular at Hidden Dunes Resort.”

Among his first initiatives, Fischer is upgrading the Rubico Clay courts. The update will include laser grading on all five tennis courts, resurfacing with new clay, and replacing the nets. In addition, the Tennis Center now includes three pickleball courts and Fischer is certified PPR for pickleball instruction.  

Hidden Dunes Resort Tennis Center has been named a “Silver Medal Resort,” by Tennis Resorts Online for nearly 10 years. The ranking places Hidden Dunes among the top 50 tennis resorts. Located in Miramar Beach in Northwest Florida, Hidden Dunes Beach & Tennis Resort features four championship clay courts and consistently receives high marks for overall tennis experience, tennis staff, instruction, and like-level game matching.

One of South Walton’s undiscovered escapes, Hidden Dunes Beach & Tennis Resort is nestled on 27-acres overlooking Northwest Florida’s white-sand beaches. Winding footpaths, lush gardens, and bubbling fountains make relaxing easy at the secluded resort, which features three pools, hot tubs, grilling stations, and basketball and horseshoe courts. With two- and three-bedroom vacation rentals, Hidden Dunes Resort offers three types of lodging options–Gulf-front condominiums, lakeside villas, and Carolina-style cottages. The Florida tennis resort is popular with families year-round and is popular with snowbirds during the winter months (monthly rates offered for January and February).

The Tennis Center is open 7 days a week (M-TH 8 a.m.- 4 p.m., Fri-Sat. 8 a.m. – 3 p.m. and Sun. 10 a.m. – 3 p.m.) To learn more or schedule court time, contact the tennis center at 850-269-2590. The on-site rental office, managed by Newman-Dailey Resort Properties, provides a convenient location for check-in and concierge services. For more information on Hidden Dunes Beach & Tennis Resort, visit www.HiddenDunesDestin.com or call 850-837-1071.

###

About Newman-Dailey Resort Properties, Inc.
Newman-Dailey Resort Properties is a premier vacation rental, real estate sales, and association management company located in Miramar Beach, Fla. Founded in 1985, Newman-Dailey has been welcoming guests to the beaches of South Walton and Destin for more than 35  years.  Newman-Dailey consistently receives the “Certificate of Excellence” for positive reviews on TripAdvisor and was voted “Best Vacation Rental Company” by the readers of Emerald Coast Magazine. The Real Estate Division is consistently listed among the top 10 percent of real estate companies along the Emerald Coast for sales.  For more sales or rental information, call 850.837.1071, or visit online at DestinSales.com or DestinVacation.com.

 

Attachments 



Tracy Louthain
Newman-Dailey Resort Properties
8508371071
[email protected]

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BlackBerry Names Carahsoft Top Distributor Partner of the Year for 2020

Company Recognized for Third Consecutive Year as the Most Engaged Distribution Partner

RESTON, Va., Dec. 18, 2020 (GLOBE NEWSWIRE) — Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced that it has been named 2020 Top Distributor Partner of the Year by BlackBerry Limited as part of the company’s annual Partner of the Year Awards for worldwide channel partners and ISVs. This is the third consecutive year Carahsoft has received this award recognizing the company as a trusted, engaged distributor partner.

“We are honored to be recognized for the third year in a row as a top distribution partner for BlackBerry,” said Brandi Hiebert, Manager of the BlackBerry Team at Carahsoft. “Our dedicated team has developed strong relationships and commitments with BlackBerry and our reseller partners, and we share BlackBerry’s customer-first approach to delivering secure mobile infrastructures to the public and private sector. We look forward to continuing our work together in the coming years.”

Carahsoft began its partnership with BlackBerry in 2015, working jointly to generate numerous opportunities to grow the BlackBerry business and increase BlackBerry’s reach at the government end user level. Carahsoft continues to drive demand for BlackBerry’s products through strategic marketing and sales activities. In 2020, Carahsoft has held numerous webinars and marketing campaigns to drive awareness and new opportunities.

“We are thrilled to recognize Carahsoft as our Top Distributor Partner of the Year,” said Colleen McMillan, VP, Global Channel Sales at BlackBerry. “Carahsoft shares our mission to provide end-to-end mobility solutions that are the most secure and trusted and has been a key partner in expanding BlackBerry’s presence in the public and private sector. We are extremely proud to work with the Carahsoft team to ensure our customers are both secure and protected amidst a threat landscape that continues to increase in both scale and complexity and look forward to building on our shared success in the months and years to come.”

Since its founding in 2004, Carahsoft has provided the public sector with IT solutions from hundreds of technology vendors, prime contractors, system integrators, value-added resellers and channel partners. In 2019, the company booked more than $6.5 billion in sales and has now expanded its team to include more than 1,700 sales, marketing, customer service and contracting professionals.

About Carahsoft

Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®. As a top-performing GSA Schedule and SEWP contract holder, Carahsoft serves as the Master Government Aggregator® for many of its best-of-breed technology vendors, supporting an extensive ecosystem of manufacturers, value-added resellers, system integrators and consulting partners committed to helping government agencies select and implement the best solution at the best possible value.

The company’s dedicated Solutions Divisions proactively market, sell and deliver BlackBerry, VMware, AWS, Microsoft, Palo Alto Networks, Symantec, Veritas, McAfee, Dell, Adobe, F5 Networks, Google Cloud, ServiceNow, Open Source, Micro Focus Government Solutions, SAP, Salesforce, and Innovative and Intelligence products and services, among others. Carahsoft is consistently recognized by its partners as a top revenue producer and is listed annually among the industry’s fastest growing and largest firms by CRN, Inc., Forbes, Washington Technology, The Washington Post, Washington Business Journal, and Bloomberg Government. Visit us at www.carahsoft.com or follow us on Twitter and Facebook.

Contacts:

Mary Lange
(703) 230-7434
[email protected]



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Zhang Investor Law Alerts Investors of Deadline in Securities Class Action Lawsuit Against K12 Inc. – LRN

NEW YORK, Dec. 18, 2020 (GLOBE NEWSWIRE) — Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of K12 Inc. (NYSE: LRN) between April 27, 2020 and September 18, 2020, inclusive (the “Class Period”).

To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=k12-inc&id=2489 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email [email protected] for information on the class action.

如果您想加入这个集体诉讼案，请在这里提交您的信息。http://zhanginvestorlaw.com/join-action-form/?slug=k12-inc&id=2489

If you wish to serve as lead plaintiff, you must move the Court before the January 29, 2021 DEADLINE.   A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. 

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

Lead plaintiff status is not required to seek compensation.  You may retain counsel of your choice.  You may remain an absent class member and take no action at this time.

Zhang Investor Law represents investors worldwide. Attorney Advertising. Prior results do not guarantee similar outcomes.

Zhang Investor Law P.C.
99 Wall Street, Suite 232
New York, New York 10005
[email protected]
tel: (800) 991-3756



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BMO Employees Rally Together to Combat Economic and Social Disparity

PR Newswire

  • Company-wide, 10th annual Employee Giving Campaign to benefit the United Way among a wide range of organizations
  • Almost $190 million donated cumulatively during decade-long employee-driven campaign, including $22 million and counting in 2020

TORONTO and CHICAGO, Dec. 18, 2020 /PRNewswire/ – In a year that’s seen tremendous social and economic challenges, BMO employees across North America have come together to fuel positive change where they live and work through the 10th annual Employee Giving Campaign. In addition to the $66 million in corporate donations BMO has made in 2020, since late November, close to 90 per cent of employees have already donated more than $22 million to the United Way and organizations focused on education, health, food security, animals, legal aid, and LGBTQ2+ causes. With major gifts still being collected, the donations are geared to address the disproportionate impacts in health and economic outcomes exacerbated by the pandemic, as well as the chronic imbalances that impede prosperity and well-being – especially for Black, Indigenous, and People of Colour (BIPOC) communities.

“As a Purpose-driven company, we are grateful for the opportunity to respond to the unprecedented need in our communities, intensified by COVID-19,” said Joanna Rotenberg, Group Head, BMO Wealth Management and 2020 Major Individual Giving Cabinet Chair for the United Way of Greater Toronto. “The disparity between those who are thriving and those who are struggling as a result of systemic barriers is more apparent than ever, and finding ways to curb the impacts of the pandemic on health, gender and racial equality, and economic prosperity has galvanized our employees to give back now.”

With an ongoing commitment to foster a more just society with zero barriers to inclusion, BMO’s employees have embraced a focus on vulnerable communities where existing challenges are more severe. Contributions are also helping to fuel an inclusive recovery that addresses structural inequities for BIPOC communities that BMO has been confronting in its longstanding partnership with the United Way and other organizations.

Throughout the last 10 years of the employee-driven campaign, BMO has raised almost $190 million as part of its culture of giving back, and was recently recognized as one of Canada’s Most Admired Corporate Cultures by Waterstone Human Capital.

Additional details regarding this year’s final donation tally will be revealed at a later date. For more information on BMO’s corporate social responsibility, please visit: https://our-impact.bmo.com/.

BMO’s Partnership with United Way
BMO is a long-time partner of United Way in its Building Strong Neighbourhoods initiatives to overcome challenges to inclusive economic opportunity. BMO is a founding partner of the Inclusive Local Economic Opportunity initiative, a ground-breaking effort spearheaded by BMO and United Way Greater Toronto that brings together business and community leaders to work together in reducing economic disparity. The bank has extended this model to Chicago. BMO previously donated $10 Million to United Way in each community to support the efforts. Additionally, in 2019, BMO employees donated more than $22 million to United Way and other charities through the annual BMO Employee Giving Campaign.

About BMO Financial Group 
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $949 billion as of October 31, 2020, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

Cision View original content:http://www.prnewswire.com/news-releases/bmo-employees-rally-together-to-combat-economic-and-social-disparity-301196133.html

SOURCE BMO Financial Group

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Zhang Investor Law Reminds Investors of December 28 Deadline in Securities Class Action Lawsuit Against  Zosano Pharma Corporation – ZSAN

NEW ORK, Dec. 18, 2020 (GLOBE NEWSWIRE) — Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Zosano Pharma Corporation (NASDAQ: ZSAN) between February 13, 2017 and September 30, 2020, inclusive (the “Class Period”).

To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=zosano-pharma-corporation&id=2478 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email [email protected] for information on the class action.

如果您想加入这个集体诉讼案，请在这里提交您的信息。http://zhanginvestorlaw.com/join-action-form/?slug=zosano-pharma-corporation&id=2478

If you wish to serve as lead plaintiff, you must move the Court before the December 28, DEADLINE.   A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. 

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (a) the Company’s clinical results reflected differences in zolmitriptan exposures observed between subjects receiving different lots; (b) pharmocokinetic studies submitted in connection with the Company’s New Drug Application (“NDA”) included patients exhibiting unexpected high plasma concentrations of zolmitriptan; (c) as a result of the foregoing differences among patient results, the U.S. Food and Drug Administration (“FDA”) was reasonably likely to require further studies to support regulatory approval of Qtrypta; (d) as a result, regulatory approval of Qtrypta was reasonably likely to be delayed; and (e) 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.

Lead plaintiff status is not required to seek compensation.  You may retain counsel of your choice.  You may remain an absent class member and take no action at this time.

Zhang Investor Law represents investors worldwide. Attorney Advertising. Prior results do not guarantee similar outcomes.

Zhang Investor Law P.C.
99 Wall Street, Suite 232
New York, New York 10005
[email protected]
tel: (800) 991-3756



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Zhang Investor Law Reminds Investors with Losses of the Deadline in Securities Class Action Lawsuit Against Pinterest, Inc. – PINS

NEW YORK, Dec. 18, 2020 (GLOBE NEWSWIRE) — Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Pinterest, Inc. (NYSE: PINS) between May 16, 2019 and November 1, 2019, inclusive (the “Class Period”).

To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=pinterest-inc-2&id=2515 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email [email protected] for information on the class action.

如果您想加入这个集体诉讼案，请在这里提交您的信息。http://zhanginvestorlaw.com/join-action-form/?slug=pinterest-inc-2&id=2515

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: the Company’s addressable market in the U.S. was reaching its maximum capacity; which significantly decelerated Pinterest’s future ability to monetize on U.S. average revenue per user; Pinterest was at an increased risk of losing advertising revenue; and as a result, Defendants’ public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts.

If you wish to serve as lead plaintiff, you must move the Court no later than January 22, 2021.

Lead plaintiff status is not required to seek compensation.  You may retain counsel of your choice.  You may remain an absent class member and take no action at this time.

Zhang Investor Law represents investors worldwide. Attorney Advertising. Prior results do not guarantee similar outcomes.

Zhang Investor Law P.C.
99 Wall Street, Suite 232
New York, New York 10005
[email protected]
tel: (800) 991-3756