INVESTIGATION ALERT: The Schall Law Firm Announces It is Investigating Claims Against Decision Diagnostics Corp. and Encourages Investors with Losses of $100,000 to Contact the Firm

INVESTIGATION ALERT: The Schall Law Firm Announces It is Investigating Claims Against Decision Diagnostics Corp. and Encourages Investors with Losses of $100,000 to Contact the Firm

LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Decision Diagnostics Corp. (“Decision” or “the Company”) (OTC: DECN) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Decision claimed early in the year that it had a finger prick test that could detect the novel coronavirus and return results in less than one minute. The SEC filed a lawsuit against the Company on December 17, 2020, alleging that the Company’s claims were untrue. Based on these facts, shares of Decision plummeted more than 40% on December 18, 2020.

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

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

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

The Schall Law Firm

Brian Schall, Esq.

310-301-3335

[email protected]

www.schallfirm.com

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Legal Professional Services

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‘Vials of Hope’ Arrive at Genesis HealthCare-Affiliated Reservoir Center as Nursing Home Residents and Healthcare Workers Begin COVID-19 Vaccinations in Connecticut

KENNETT SQUARE, Pa., Dec. 18, 2020 (GLOBE NEWSWIRE) — Residents and healthcare workers at The Reservoir Center, a Genesis HealthCare- (NYSE:GEN) (Genesis or the Company) affiliated nursing home, became the first long-term care facility in Connecticut and among the first in the U.S. to receive the COVID-19 vaccination today. Genesis HealthCare is one of the nation’s largest providers of post-acute care.

“These vials of hope have arrived. Today is a historic day, and this vaccine is critical to our ability to end this pandemic,” Dr. Richard Feifer, Genesis’ chief medical officer said. “We are so grateful to the State of Connecticut and our selected pharmacy partner, CVS Health, for their support and collaboration in opening the door to a safer future. The example our frontline workers and residents have set today for our communities and our nation will help to build further trust in the vaccine, the most critical tool in our fight against COVID-19.”

“As a minority, I know I am setting a great example for the Black community,” said Sophia Walker, RN and Unit Manager, discussing what getting the vaccine meant to her.

The event, held outside the center in West Hartford, Connecticut, featured remarks by Jonathan Roberts Executive Vice President, Chief Operating Officer of CVS Health; Deidre S. Gifford, MD, MPH, Acting Commissioner of the Connecticut Department of Public Health; Connecticut Governor, Ned Lamont; Dr. Richard Feifer (MD, MPH, FACP), Chief Medical Officer of Genesis HealthCare; and Marnie Talamona, Regional Vice President of Operations–Connecticut, Genesis HealthCare. Comments were followed by vaccinations of Zac Mundakkal (Physical Therapist Assistant); Sophia Walker (Registered Nurse and Unit Manager); Craig Dumont (The Reservoir Center Executive Director); Frank Tirado (Housekeeper, The Reservoir Center and employee of Healthcare Services Group – a Genesis care partner); and Dr. Feifer.

Genesis is working closely with state governments to determine when vaccines will be available for all employees and residents at its facilities across the nation. As part of The Pharmacy Partnership for Long-Term Care Program announced in October by The U.S. Department of Health and Human Services and the Department of Defense, Genesis selected CVS Health Corp. as its pharmacy partner to provide and administer the vaccine in all states that are working with CVS or Walgreens Boots Alliance Inc. for vaccine management.

Assets captured at today’s event will be made available to the media. If you are interested in receiving these, please contact [email protected].

About Genesis HealthCare

Genesis HealthCare is a holding company with subsidiaries that, on a combined basis, comprise one of the nation’s largest post-acute care companies, providing services to more than 325 skilled nursing facilities and assisted/senior living communities in 24 states nationwide. Genesis subsidiaries also supply rehabilitation therapy to approximately 1,200 healthcare providers in 44 states, the District of Columbia and China. References made in this release to “Genesis,” “the Company,” “we,” “us” and “our” refer to Genesis Healthcare, Inc. and each of its wholly-owned companies. Visit our website at www.genesishcc.com.

Contact:

Lori Mayer, Media Relations
610-283-4995
[email protected]



Flushing Bank Hosts Ribbon-Cutting Ceremonies at New Locations in Islandia and Shirley

UNIONDALE, N.Y., Dec. 18, 2020 (GLOBE NEWSWIRE) — Flushing Financial Corporation (the “Company”) (Nasdaq-: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that the Bank hosted two ribbon-cutting ceremonies at its new Islandia and Shirley locations in Suffolk County. These are two of the four locations resulting from the Bank’s recent acquisition of Empire National Bank.  Members of Flushing Bank’s management team were joined by several state and local elected officials at the event.

John R. Buran, President and CEO of Flushing Bank, stated: “I am extremely excited about the opportunity made possible by our recent acquisition of Empire National Bank to expand our Long Island presence and introduce Flushing Bank to the Suffolk County market. We look forward to building upon the relationships that have been established with our customers and expanding our banking services to the individuals, families, and businesses in the surrounding areas. As a community bank, we recognize the importance of giving back and demonstrating our commitment to the communities we serve. And, we are extremely excited to be a part of their economic recovery, growth, and development.”

About Flushing Financial Corporation

Flushing Financial Corporation (Nasdaq: FFIC) is the holding company for Flushing Bank®, a New York State—chartered commercial bank insured by the Federal Deposit Insurance Corporation. The Bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, equipment finance, and cash management services through its banking offices located in Queens, Brooklyn, Manhattan, and on Long Island. As a leader in real estate lending, the Bank’s experienced lending teams create mortgage solutions for real estate owners and property managers both within and outside the New York City metropolitan area. Flushing Bank is an Equal Housing Lender. The Bank also operates an online banking division consisting of iGObanking®, which offers competitively priced deposit products to consumers nationwide, and BankPurely®, an eco-friendly, healthier lifestyle community brand.

Additional information on Flushing Bank and Flushing Financial Corporation may be obtained by visiting the Company’s website at FlushingBank.com


“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995
: Statements in this Press Release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in other documents filed by the Company with the Securities and Exchange Commission from time to time. Forward-looking statements may be identified by terms such as “may”, “will”, “should”, “could”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “forecasts”, “goals”, “potential” or “continue” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company has no obligation to update these forward-looking statements.

Contact:

Maria A. Grasso
Senior Executive Vice President, Chief Operating Officer
Flushing Bank
718-961-5400



CPS Announces Renewal of $100 Million Credit Facility

LAS VEGAS, Nevada, Dec. 18, 2020 (GLOBE NEWSWIRE) — Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that on December 18, 2020 it renewed its two-year revolving credit agreement with Citibank, N.A.

Loans under the renewed credit agreement will be secured by automobile receivables that CPS now holds, will originate directly, or will purchase from dealers in the future. CPS may borrow on a revolving basis through December 18, 2022, after which CPS will have the option to repay the outstanding loans in full or to allow them to amortize for a one-year period.

“We are pleased for this opportunity to continue to business with Citibank, with whom we have enjoyed a long and mutually beneficial relationship,” said Charles E. Bradley, Jr., President and Chief Executive Officer. “With this renewal we continue to maintain our strategy of having three $100 million warehouse lines with multi-year revolving commitments followed by amortization periods.”


About Consumer Portfolio Services, Inc.

Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. We fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives.

Forward-looking statements in this news release include the Company’s recorded revenue, expense and provision for credit losses, because these items are dependent on the Company’s estimates of incurred losses. The accuracy of such estimates may be adversely affected by various factors, which include (in addition to risks relating to the economy generally) the following: possible increased delinquencies; repossessions and losses on retail installment contracts; incorrect prepayment speed and/or discount rate assumptions; possible unavailability of qualified personnel, which could adversely affect the Company’s ability to service its portfolio; possible increases in the rate of consumer bankruptcy filings, which could adversely affect the Company’s rights to collect payments from its portfolio; other changes in government regulations affecting consumer credit; possible declines in the market price for used vehicles, which could adversely affect the Company’s realization upon repossessed vehicles; and economic conditions in geographic areas in which the Company’s business is concentrated. All of such factors also may affect the Company’s future financial results, as to which there can be no assurance. Any implication that the results of the most recently completed quarter are indicative of future results is disclaimed, and the reader should draw no such inference. Factors such as those identified above in relation to the provision for credit losses may affect future performance.


Investor Relations Contact

Jeffrey P. Fritz, Chief Financial Officer
844 878-2777



Matson Takes Delivery Of ‘Matsonia’

Fourth New Ship in Three Years Completes Hawaii Fleet Renewal

PR Newswire

HONOLULU, Dec. 18, 2020 /PRNewswire/ — Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today took delivery of Matsonia, the second of two new Kanaloa Class combination container / roll-on, roll-off (“con-ro”) ships built for Matson by General Dynamics NASSCO.  The two are the largest vessels of their kind ever built in the U.S.  They join two new containerships, Daniel K Inouye and Kaimana Hila, themselves the largest of their kind in the U.S. commercial fleet, in completing the renewal of Matson’s Hawaii fleet.

Matsonia and Lurline are each 870 feet long, 114 feet wide (beam), with a deep draft of 38 feet and weighing in at over 50,000 metric tons. The sister ships have an enclosed garage with room for approximately 500 vehicles, plus ample space for rolling stock and breakbulk cargo. Lurline entered service in January of this year.

Built by Philly Shipyard, Matson’s new Aloha Class containerships, Daniel K. Inouye and Kaimana Hila, entered service in 2018 and 2019, respectively.  Each 850-foot long containership has a 3,600 twenty-foot equivalent (TEU) capacity.

The four new ships are the centerpiece of Matson’s nearly $1 billion investment to modernize its Hawaii service.  In addition to a nearly $930 million investment in its fleet, Matson is also investing more than $60 million in improvements to its Hawaii hub terminal at Sand Island in Honolulu, in conjunction with the State of Hawaii’s Harbors Modernization plan.

“Putting four new ships into service in a three-year span is a significant accomplishment that culminates eight years of planning, project management and coordination for teams across many departments at Matson,” said Matt Cox, chairman and chief executive officer. “Together with the modernization and expansion of our Honolulu terminal, these investments position Matson to provide efficient, reliable service to Hawaii for decades to come.”  

Phase 1 of Matson’s Sand Island Terminal Modernization project was completed this year, with the installation of three new electrically powered gantry cranes and the upgrading of three existing cranes and the terminal’s power system. Phase 2, which will include improvements to the container yard and gate, will begin in 2021. In Phase 3, concurrent with the State’s completion of the new Kapalama Container Terminal, Matson will expand its waterfront and overall terminal footprint by 30 percent by acquiring adjacent piers 51A and B.

In addition to ensuring efficient, reliable service to Hawaii for the next three decades, Matson’s fleet renewal program is also accomplishing a broader fleet modernization that ensures compliance with increasingly stringent global emissions regulations.

Designed and built specifically for the Hawaii trade, all four of the new ships feature state-of-the-art green technology, including fuel-efficient hull design, environmentally safe double hull fuel tanks, Liquid Natural Gas (LNG) compatible engines, and freshwater ballast systems.  The more recent Kanaloa Class vessels are equipped with the first Tier 3 dual-fuel engines to be deployed in containerships regularly serving West Coast ports. Tier 3 engines reduce the levels of particulate emissions by 40 percent and nitrogen oxide emissions by 20 percent, as compared to Tier 2 standards.

The four new ships are also Matson’s fastest vessels, with the ability to operate at or above 23 knots, helping ensure on-time deliveries in Hawaii from Matson’s three West Coast terminals in Tacoma, Oakland and Long Beach.

Matsonia’ and ‘Lurline’ are iconic vessel names in Matson’s long history.  Matsonia dates to the construction of Matson’s first ship of that name in 1912. Three more ships were given the name in subsequent years; the new vessel is the fifth. ‘Lurline‘ dates to the construction of Captain William Matson’s first ship of that name in 1887. Four more ships were given the name in subsequent years; the newest vessel is the sixth.


Daniel K. Inouye
 was named in honor of the late Hawaii Senator, who was a strong supporter of the U.S. Merchant Marine and a powerful advocate of the maritime industry. “Kaimana Hila” is a Hawaiian transliteration for “Diamond Head,” one of Hawaii’s most iconic landmarks.

More information on Matsonia and Matson’s fleet modernization program is available at:  https://www.matson.com/kanaloa-class.html 

* Twenty-foot Equivalent Units, the standard unit of measurement for container capacity

About Matson

Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services.  Matson provides a vital lifeline to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.  Matson also operates two premium, expedited services from China to Long Beach, California, provides service to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Dutch Harbor to Asia.  The Company’s fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges.  Matson Logistics, established in 1987, extends the geographic reach of Matson’s transportation network throughout the continental U.S.  Its integrated, asset-light logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, Asia supply chain services, and forwarding to Alaska.  Additional information about the Company is available at www.matson.com.


Matson Investor Relations inquiries:


Matson News Media inquiries:

Lee Fishman

Keoni Wagner

Matson, Inc.

Matson, Inc.

510.628.4227

510.628.4534



[email protected]



[email protected]

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/matson-takes-delivery-of-matsonia-301196232.html

SOURCE Matson, Inc.

Canadian Vaping Association’s response to Canada Gazette, Part 1

Beamsville, ON, Dec. 18, 2020 (GLOBE NEWSWIRE) — With today’s release of the Canada Gazette, Part 1, the Canadian Vaping Association (CVA) has learned of the federal government’s intention to restrict nicotine concentrations to 20mg/mL. The CVA believes that this decision is not without merit; however, restricting high nicotine content to age-restricted specialty vape shops would better balance youth protection with adult harm reduction.

As research has concluded that youth vape for nicotine, it is reasonable for the federal government to restrict it. Yet, the government can not allow adult smokers who require high nicotine concentrations to remain smoke-free to be left behind. The survey “Smokefree GB”, conducted by Action on Health and Smoking found that despite nicotine in Great Britain being limited to 20mg/mL, 2% of vapers reported using a strength greater than 21mg. While this may sound insignificant, there are 3 million vapers in Great Britain, resulting in 60,000 ex-smokers requiring a nicotine concentration greater than 20mg.

Given the Government of Canada’s announcement of an ambitious target of a 5% smoking rate by 2035, Canada cannot leave any number of smokers behind. The Canada Tobacco Strategy states, “[It] recognizes the potential of harm reduction – helping those who can’t or won’t quit using nicotine to identify less harmful options.” Moreover, by Health Canada’s own admission smokers who completely switch to vaping reduce their harm. Given these statements by Health Canada, the Government of Canada must ensure the available products meet the needs of all smokers to enable harm reduction.

“It is without question that Canada must act to restrict nicotine concentrations to protect youth, but it should not be an all or nothing approach. Ontario has restricted high nicotine products to age-restricted environments, effectively eliminating all retail access points for youth. This policy has proven effective in mitigating youth use while balancing the needs of adult smokers. The CVA encourages the Government of Canada to adopt this policy federally,” said Darryl Tempest, Executive Director of the CVA.



Darryl Tempest
The Canadian Vaping Association 
6472741867
[email protected]

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

NEW YORK, Dec. 18, 2020 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of BioTelemetry, Inc. (NASDAQ: BEAT) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Koninklijke Philips N.V. (NYSE: PHG) (“Royal Philips”).

Click here to learn more and participate in the action.

On December 18, 2020, BioTelemetry announced that it had signed an agreement to be acquired by Royal Philips for approximately $2.8 billion. Pursuant to the merger agreement, BioTelemetry stockholders will receive $72 in cash for each share of BioTelemetry common stock owned.   The deal is scheduled to close in the first quarter of 2021.

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

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

About Bragar Eagel & Squire, P.C.:

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

Contact Information:

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



BrewBilt Cuts a Path to More Revenue with Tiritto Farms in Arizona

SACRAMENTO, CA, Dec. 18, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Today BrewBilt Manufacturing Inc. (the “Company”) (OTCPINK: BBRW), announces another new brewery delivery to Tirrito Farm in Wilcox Arizona.

https://WWW.TIRRITOFARM.COM

Jef Lewis, Chairman and CEO, stated: “Today we shipped the BrewBilt brewery to Tirrito Farm in Wilcox, Arizona. This is Arizona’s newest farmstead hospitality destination.”

You can check out this delivery at https://twitter.com/brewbilt/status/1340010200040841216

The company is shipping another system on Monday to Bruehol Brewing in Benicia, California. https://www.BRUEHOLBREWING.COM

Watch Video Success Stories:

Who is Jef Lewis: https://www.brewbilt.com/meet-the-chairman

Visit Our Breweries: https://www.youtube.com/watch?reload=9&v=eAtMrDj7PYA&feature=youtu.be

ABOUT BREWBILT: (www.brewbilt.com)

Located in the Sierra Foothills of Northern California, BrewBilt is one of the only California companies that custom designs, hand crafts, and integrates processing, fermentation and distillation processing systems for the craft beer, cannabis and hemp industries using “Best in Class” American made components integrated with stainless steel processing vessels using only American made steel. Founded in 2014, the company began in a backyard shop by Jef Lewis with a vision of creating a profitable company in “Rural America.” BrewBilt has built a solid foundation by having strong relationships with local suppliers of raw materials, equipment and services in California, an aggressive referral network of satisfied customers nationwide, and an Advisory Board consisting of successful business leaders that provide valuable product feedback and business expertise to management. The craft brewing & spirits industries continue to grow worldwide. California is where craft brewing began and now has over 900 operating breweries – being centrally located in this booming market was a large draw for BrewBilt to locate its manufacturing facility in the Sierra foothills. All BrewBilt products are designed and fabricated as “food grade” quality which enables the company to build vessels for food & beverage processing. More important, the company has been building systems that are pharmaceutical grade for clients involved in distillation for the cannabis and hemp industries over the past 36 months, thus making the revenue potential much greater. 

FORWARD-LOOKING STATEMENTS This document contains forward-looking statements.  Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date.  The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties.  Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements.  Risks and uncertainties that could cause actual results to differ materially include, without limitation, the Corporation’s ability to effectively execute its business plans; changes in general economic and financial market conditions; changes in interest rates; changes in the competitive environment; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; losses, customer bankruptcy, claims and assessments; changes in banking regulations or other regulatory or legislative requirements affecting the Corporation’s business; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.  Management may elect to update forward-looking statements at some future point; however, it specifically disclaims any obligation to do so.

Contact:

Jef Lewis, Chairman and CEO 
BrewBilt Manufacturing Inc. –  BBRW 
Call or Text: 530-802-5023
[email protected]



Biotech Investors Warn Against Innovation-Killing Policies at Expert Panel

Washington, D.C., Dec. 18, 2020 (GLOBE NEWSWIRE) — The federal government may soon kneecap the life sciences industry, prominent biotech investors warned Thursday during a panel discussion organized by the Incubate Coalition.

“Biotech companies have developed lifesaving COVID vaccines, as well as numerous other treatments, in record time this year despite unprecedented challenges,” said John Stanford, executive director of Incubate and moderator for Thursday’s event. “Unfortunately, new policies are under consideration that could upend the research ecosystem that makes such innovation possible.”

The panelists singled out two policies that pose a risk to industry investments in particular: the Trump administration’s Most Favored Nation interim final rule, which is expected to be implemented in the new year, and House Democrats’ H.R. 3. Both would impose price controls on cutting-edge medicines and thereby discourage investment in high-risk ventures. H.R. 3 alone could prevent the development of 100 new medicines in the coming decade, according to the White House Council of Economic Advisors.

The panelists stressed that U.S. scientists, backed by tens of billions in private capital, are on the verge of developing effective treatments for several debilitating diseases. Roughly two-thirds of all new FDA-approved drugs originate at small biotech startups, which are largely funded by venture capitalists.1 Venture firms invested $23 billion in over 1,300 biotech deals in 2018 alone. Price controls would disproportionately harm these small but innovative biotech companies.

Several leading biotech investors spoke on the panel, including:

  • Johannes Fruehauf, M.D., Ph.D., general partner at Mission BioCapital;
  • Julie Grant, general partner at Canaan Partners;
  • Ravi Mehrotra, Ph.D., founder and CEO at 5point0;
  • Sara Nayeem, M.D., partner at NEA.

 “Extremely novel treatments require significant capital to make it to the clinic. Cell therapy, mRNA, gene therapy, gene editing — all of these technologies were incubated and grown within small biotech firms,” said Sara Nayeem, M.D., partner at NEA.2 “Price controls and scorched-earth policies will negatively impact the interest people have in funding this type of innovation.”3

 

###

 

About Incubate

Incubate is a coalition of venture capital organizations representing the patient, corporate, and investment communities. Our primary aim is to educate policymakers on the role of venture in bringing promising ideas to patients in need.


1 https://www.technologyreview.com/2019/05/07/135477/google-backs-a-bid-to-use-crispr-to-prevent-heart-disease/

2
https://youtu.be/izFMU6uMALc, 09:50-10:15

3
https://youtu.be/izFMU6uMALc, 12:40-12:56

Attachment



Ashlyn Roberts
Incubate
[email protected]

Texas Appellate Court Grants New Trial in Battle Over City’s Unlawful Attempt to Skirt Due Process, Tax Laws

First Liberty Institute defends three churches on appeal against Texas city’s unfair water fee scheme

AUSTIN, Texas, Dec. 18, 2020 (GLOBE NEWSWIRE) — Today, the Texas Third District Court of Appeals in Austin affirmed a lower court decision granting a new trial for three churches that filed a lawsuit against efforts by the City of Magnolia to impose a water fee scheme on tax-exempt churches without due process. First Liberty Institute and the law firm Baker Botts represent Magnolia Bible Church, Magnolia’s First Baptist Church, and Believers Fellowship.

“Our clients are pleased that they will get their day in court,” said Hiram Sasser, Executive General Counsel at First Liberty Institute. “We are grateful to the court for recognizing that cities in Texas at least have to give due process to churches before imposing their water fee schemes. Churches and non-profits in Magnolia were granted a new trial because the court realized that the city of Magnolia should have at least given these churches an opportunity to challenge the city’s water fee scheme in court.”  

In March of 2018 the City of Magnolia, Texas increased the water and wastewater fees of its churches to significantly higher rates than that of commercial businesses. As Magnolia’s city administrator Paul Mendes said, the water fee scheme, “would allow the city to collect funds from these entities in place of taxes or other fees.” In one case, a church’s water bill increased 178% for similar water usage.   

Unbeknownst to the churches, as they continued to challenge the water fee scheme locally, in November of 2018, city officials quietly sought approval for Magnolia’s water fee scheme several hours away from Magnolia in an Austin courtroom. Only when the churches sued Magnolia in May of 2019 did they learn that Magnolia’s efforts in Austin now prevented them from challenging the water fee scheme. In response to the churches’ lawsuit, Magnolia officials threatened sanctions against the pastors if they continued.

In August of 2019, attorneys with First Liberty convinced the Austin-based court that previously validated Magnolia’s water fee scheme to re-open the proceedings concerning the legitimacy of the rate increase, finding that city officials should have known that the churches were an interested party, and failed to involve them in the rate increase discussion. The Texas Third Court of Appeals in Austin heard oral argument in March over Magnolia’s appeal.

About First Liberty Institute

First Liberty Institute is the largest legal organization in the nation dedicated exclusively to defending religious freedom for all Americans.

To arrange an interview, contact Lacey McNiel at [email protected] or by calling 972-941-4453.