Market Newsdesk

December 17, 2020 2:51 pm

BMO Global Asset Management 2021 Outlook Report: Better Times Ahead

Canada NewsWire

TORONTO, Dec. 17, 2020 /CNW/ – Following the global challenges experienced in 2020, the current optimism is expected to carry into 2021 as economic conditions continue to improve, according to BMO Global Asset Management’s (BMO GAM) Multi-Asset Solutions Team’s 2021 outlook report titled The Great Normalization.

With rapid vaccination expected to take place in the first half of the year, the stage is set for strong growth recovery in 2021.The services sector should be a principal beneficiary as the in-person economy returns in the post-pandemic world. Additionally, fiscal and monetary support, which was crucial to economies and markets in 2020, is expected to continue into the new year. Absolute rates are also expected to remain at historic lows, leading to an environment supportive for equities and broader risk markets globally.

“By mid-year we expect certain sectors, such as travel and tourism, to bump against capacity constraints as long-delayed holidays and other spending materialize,” said Frederick Demers, Director, Multi-Asset Solutions, BMO Global Asset Management. “As normalcy returns, consumer spending is expected to grow and unemployment rates to be meaningfully lower than current rates. Heading into 2021, we are optimistic we will see improved economic conditions and better times ahead.”

Canadian and U.S. Outlook
The Canadian economy has recovered in recent months as a result of an aggressive fiscal response; however, it is expected to lag behind the U.S. and global recovery. The fiscal response has led to a surge in debt, with the federal deficit expected to exceed C$150 billion for FY-2021/22 as support for health, wage and income support programs continue.

The U.S. economy and financial markets are expected to perform well on fiscal, monetary and vaccine developments. The Federal Reserve’s “average inflation targeting” approach will mitigate pre-emptive tightening on inflation pressures and interest rate increases. There are questions around equity market valuations; however, BMO GAM’s long-term valuation modeling indicates that equities are reasonably priced at current levels.

Equity Outlook
There is a favorable medium-term view on equities heading into 2021 given expectations for a vaccine-driven economic recovery and revitalized global corporate earnings. Current positioning includes:

Relatively neutral on Value versus Growth
Overweight global equities versus fixed income
Overweighted on Small-Caps versus Low-Vol stocks as a reflation play
Overweighted on emerging-market equities

Energy Sector and the Green Wave
Oil prices decreased around 25 per cent this year as demand fell and inventories grew. Widespread pandemic-induced lockdowns are a major factor in this performance, although there was a prior excess oil supply. As life and economic activity normalizes into 2022, oil demand should rebound but at a slower rate than the broader pace of the economy.

However, COVID-19 will also leave a permanent imprint on behaviours such as business travel and work-from-home schemes. Additionally, there is a growing emphasis on green energy projects as Canada and other countries focus on promoting less carbon-heavy industries.

Responsible investing continues to gain traction in the investing industry, with a focus on environmental, social and governance (ESG) criteria and the development of strategies that can positively affect the world.

To view the full report, please click here.

Forward Looking Statements
Any statement that necessarily depends on future events may be a forward-looking statement. “Forward-looking statements,” can be identified by the use of forward-looking terminology such as “may”, “should”, “expect”, “anticipate”, “outlook”, “project”, “estimate”, “intend”, “continue” or “believe” or the negatives thereof, or variations thereon, or other comparable terminology. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements.

The above mentioned report has been prepared by the BMO GAM Multi-Asset Solutions Team (MAST) and is intended for informational purposes only. This report represents their assessment of the markets at the time of publication. Those views are subject to change without notice as markets change over time. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Past performance is no guarantee of future results.

BMO Global Asset Management is the brand name for various affiliated entities of BMO Financial Group that provide investment management, and trust and custody services. BMO Global Asset Management comprises BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management Corp., BMO Asset Management Limited and BMO’s specialized investment management firms. Certain of the products and services offered under the brand name, BMO Global Asset Management are designed specifically for various categories of investors in a number of different countries and regions and may not be available to all investors. Products and services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations. BMO Financial Group is a service mark of Bank of Montreal (BMO).

^®/™Registered trademarks/trademark of Bank of Montreal, used under licence.

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.

SOURCE BMO Financial Group

December 17, 2020 2:47 pm

Constellis company Triple Canopy wins position on $15 billion State Department WPS III IDIQ contract

The U.S. Department of State has awarded Constellis company Triple Canopy a position on their Worldwide Protective Services III (WPS III) IDIQ contract beginning February 2021.

Herndon, VA, Dec. 17, 2020 (GLOBE NEWSWIRE) — Constellis, a leading provider of essential risk management and mission support services to government and commercial clients worldwide, announced today that the Department of State (DOS) awarded the company a 10-year, indefinite-delivery, indefinite-quantity (IDIQ) WPS III contract, with a $15 billion IDIQ ordering ceiling, scheduled to start in February 2021.

Under this multiple-award contract, Constellis will provide armed personal protective, static guard, and team-based emergency response security services for the DOS worldwide, focusing primarily on DOS requirements in high-threat overseas locations.

As the premier global provider of high-end security solutions, Constellis company Triple Canopy has been supporting the State Department for over 15 years.

“We are truly honored to be selected by the Department of State to help secure their vital missions overseas for the next decade,” said Tim Reardon, CEO of Constellis. “The State Department performs critically important work in high-threat regions, and we’re extraordinarily proud to be a part of their trusted team.”

About Constellis

In an ever-changing and complex world, security enables innovation, leads to opportunity, and drives progress. Constellis provides end-to-end risk management and humanitarian solutions to safeguard people and infrastructure globally. Our team of strategic problem solvers has a steadfast moral compass and unwavering dedication to creating a safer world. Constellis is fiercely committed to the success of our customers and partners.

Constellis
1 866 996 3599
[email protected]

December 17, 2020 2:43 pm

Biloxi Marsh Lands Corporation Declares Cash Dividend

Biloxi Marsh Lands Corporation Declares Cash Dividend

METAIRIE, La.–(BUSINESS WIRE)–
During its meeting held on Thursday, December 17, 2020, the Board of Directors of Biloxi Marsh Lands Corporation (Pink Sheets: BLMC) declared a dividend of $.10 per outstanding share of common stock payable on Thursday, January 14, 2021 to shareholders of record as of the close of business on Wednesday, December 30, 2020.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201217006034/en/

Biloxi Marsh Lands Corporation

Belle Bellard: 504-837-4337

KEYWORDS: Louisiana United States North America

INDUSTRY KEYWORDS: Oil/Gas Energy

MEDIA:

December 17, 2020 2:43 pm

Social Capital Hedosophia II Shareholders Approve Business Combination With Opendoor

Social Capital Hedosophia II Shareholders Approve Business Combination With Opendoor

PALO ALTO, Calif.–(BUSINESS WIRE)–
Social Capital Hedosophia Holdings Corp. II (NYSE:IPOB) (“SCH” and, after the Domestication as described below, “Opendoor Technologies”), a publicly traded special purpose acquisition company, announced today that in a general meeting on December 17, 2020, its shareholders voted to approve its proposed business combination (the “business combination”) with Opendoor Labs Inc. (“Opendoor”), the pioneer and market leader in iBuying. Approximately 99.9% of the votes cast at the meeting, representing approximately 64.7% of SCH’s outstanding shares, were in favor of the business combination.

The business combination is expected to close on December 18, 2020, subject to the satisfaction of certain customary closing conditions. Prior to the consummation of the business combination, SCH will domesticate as a Delaware corporation and will change its name to “Opendoor Technologies Inc.” (the “Domestication”). Trading is expected to begin on The Nasdaq Global Select Market on December 21, 2020, under the new ticker symbol “OPEN” for Opendoor Technologies common stock and “OPENW” for the Opendoor Technologies warrants. Until the Domestication and transfer is complete, the SCH common stock, warrants and units will continue to trade under the ticker symbols “IPOB”, “IPOB.WS” and “IPOB.U”, respectively, on NYSE.

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 proposed transaction between Opendoor and SCH, including statements regarding the anticipated consummation of the business combination and the transaction related thereto, including the domestication of SCH and the listing of shares and warrants of the post-business combination company 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 risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of SCH’s securities, (ii) the risk that the transaction may not be completed by SCH’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by SCH, (iii) the failure to satisfy the conditions to the consummation of the transaction, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the inability to complete the private placement transaction, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vii) the effect of the announcement or pendency of the transaction on Opendoor’s business relationships, operating results, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Opendoor, (ix) the outcome of any legal proceedings that may be instituted against Opendoor or against SCH related to the merger agreement or the proposed transaction, (x) the ability to maintain the listing of SCH’s securities on a national securities exchange, (xi) changes in the competitive and regulated industries in which Opendoor operates, variations in operating performance across competitors, changes in laws and regulations affecting Opendoor’s business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, (xiii) the risk of downturns and a changing regulatory landscape in the highly competitive residential real estate industry, and (xiv) costs related to the transaction and the failure to realize anticipated benefits of the transaction or to realize estimated pro forma results and underlying assumptions, including with respect to estimated shareholder redemptions. 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 and SCH assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Opendoor nor SCH gives any assurance that either Opendoor or SCH, or the combined company, will achieve its expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201217006023/en/

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: California United States North America

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

MEDIA:

December 17, 2020 2:43 pm

5 Things You Should Know About Moving to Casper, Wyoming

Casper, Wyoming, Dec. 17, 2020 (GLOBE NEWSWIRE) — When you think of Wyoming, a few words likely come to mind. Vast, open and wild. And while those attributes have been a key part of what makes the Cowboy State what it is, there are many other elements that make Wyoming—and particularly Casper—an emerging destination to relocate.

And while Casper may be Wyoming’s second-largest city, there’s plenty of reasons to move to the state’s original mountain town.

1. A Mix of Big and Small. Folks who relocate to Casper tend to look at it as a mountain community, with a charming small-town vibe. It seems to seamlessly combine the types of amenities you’d find in big cities—like world-class history and museums, 193 restaurants, an open-enrollment school district and three language-immersion schools—with wide-open spaces.

2.
More Money in Your Pocket. In Casper, affordability—and the ability to take more money home—is key. With no state income tax, a low state sales tax and the ninth lowest real estate property taxes in the country, Casper residents take home more money at the end of the day.

3. Giving Community. In 2016, Casper was named the most charitable city in the country. And while that accolade was given four years ago, Casper continues to be a place that loves, cares and gives for the greater good of the community. Many projects have been completed in Casper due to charitable giving, including David Street Station, which is now the anchor of downtown.

4.
Accessible Healthcare. While Casper is in the wilds of Wyoming, the city has the top healthcare in the state, including more than 65 family medicine doctors, 11 pediatricians and a nationally recognized pulmonary department at Wyoming Medical Center. Plus, they have adjusted their services due to COVID-19 and now offer virtual appointments and daily screening for respiratory symptoms.

5. P
laces to Play. Located in Natrona County, Casper is a major outdoor hub. Whether you’re into mountain biking, running, fishing, snowmobiling or climbing, Casper offers a little something for everyone. With 5,500 square miles of beauty that are home to 53 parks, 90 miles of trails, 30 playgrounds, four dog parks, Fremont Canyon and the blue-ribbon waters of the North Platte River, you’re sure to find plenty of space, with room to play. The City of Casper also has premier facilities, including Hogan Basin Ski Area on Casper Mountain, the Casper Recreation Center—which has indoor aquatic center with two huge waterslides, an ice arena, weight rooms, a gym and a variety of classes for all ages—the Casper Municipal Golf Course and Fort Caspar, which continues to serve as an important part of Casper’s history.

To learn more about relocating to Casper, visit ChooseCPR.com. For more information about traveling responsibly and visiting Wyoming, check out VisitCasper.com.

# # #

About Choose Casper

A partnership of like-minded organizations and locals, Choose Casper is designed to introduce Casper to professionals who are considering making the move to Casper, as well as serving as a resource for businesses that are looking to grow talent for their organization.

Attachments

Tia Troy
Visit Casper 
406-529-8314
[email protected]

December 17, 2020 2:38 pm

Preformed Line Products Announces Quarterly Dividend

PR Newswire

MAYFIELD VILLAGE, Ohio, Dec. 17, 2020 /PRNewswire/ — The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on December 17, 2020, declared a regular quarterly dividend in the amount of $.20 per share on the Company’s common shares, payable January 20, 2021 to shareholders of record at the close of business on January 4, 2021.

Founded in 1947, Preformed Line Products is an international designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for energy, communications and broadband network companies.

Preformed’s world headquarters are in Mayfield Village, Ohio, and the Company operates two domestic manufacturing centers, located in Rogers, Arkansas, and Albemarle, North Carolina. The Company serves its worldwide market through international operations in Argentina, Australia, Austria, Brazil, Canada, China, Colombia, Czech Republic, England, France, Indonesia, Malaysia, Mexico, New Zealand, Poland, Russia, South Africa, Spain, Thailand and Vietnam.

View original content to download multimedia:http://www.prnewswire.com/news-releases/preformed-line-products-announces-quarterly-dividend-301195515.html

SOURCE Preformed Line Products Company

December 17, 2020 2:37 pm

American Bankers Association appoints INSBANK CEO & President as Chairman of its Government Relations Council

PR Newswire

NASHVILLE, Tenn., Dec. 17, 2020 /PRNewswire/ — INSBANK President & CEO Jim Rieniets was recently appointed by the American Bankers Association to serve as Chairman of its Government Relations Council. The appointment is for a one-year term and follows Rieniets’ service as Vice Chairman the prior year. “Jim has a tremendous feel for the current and future challenges our industry faces – and the best path forward to allow banks to better serve their customers, clients and communities,” said ABA President and CEO Rob Nichols. “His insight and wealth of experience will serve him well as he works to develop our industry’s policy priorities at the national level.” The GRC Committee, representing a broad cross-section of the banking industry by size, charter, and geography, develops recommendations on positions and priorities regarding legislative and regulatory issues. In addition to providing policy direction to the ABA Board of Directors for their consideration and approval, the GRC provides ongoing guidance to ABA staff on pending issues. As Chairman of the GRC, Rieniets will also serve on the ABA’s Board of Directors as well as its Executive Committee.

“As past chairman of TBA’s Government Relations efforts, Jim has been an effective advocate on behalf of the Tennessee banking industry. He is respected throughout the state and nation for his outspoken support of banks and their customers. Jim is the perfect leader for the ABA and their government relations efforts on behalf of our industry,” said Colin Barrett, CEO/President of the Tennessee Bankers Association. During his 29 years in banking Rieniets has been active in industry advocacy efforts. In addition to three years’ service on the ABA’s GRC, he also served as chairman of the Tennessee Bankers Association’s Government Relations Committee, as well as TBA’s BankPac. He has been an active voice for the industry on Capitol Hill, regularly engaging with Tennessee’s congressional delegation on matters affecting the banking industry.

About INSBANK

Since 2000, INSBANK has offered its clients highly personal services provided by experienced relationship managers, and has utilized technologies to deliver those services efficiently and conveniently. TMA Medical Banking and Medquity are both divisions of INSBANK. TMA Medical Banking provides banking services to members of the Tennessee Medical Association, while Medquity offers healthcare banking solutions to individuals beyond the scope of Tennessee, whether they are still in residency, practicing or entering retirement. INSBANK is owned by InsCorp, Inc., a Tennessee bank holding company. The bank has offices in Nashville at 2106 Crestmoor Road, and in Brentwood at 5614 Franklin Pike Circle. For more information, please visit www.insbanktn.com.

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SOURCE INSBANK

December 17, 2020 2:32 pm

Webexpenses acquired by ELMO Software Limited

Expense software provider, Webexpenses, has been acquired by ELMO Software Limited, a cloud-based HR & Payroll provider

PR Newswire

OXFORD, United Kingdom, Dec. 17, 2020 /PRNewswire/ — Webexpenses, a global business expense management platform, announced today that it has been acquired by Australia-based ELMO Software Limited (ASX:ELO). ELMO Software Limited (ELMO) is a cloud-based HR & Payroll software provider. The acquisition provides ELMO with complementary technology and an established customer base to help accelerate their expansion into UK mid-market businesses.

Established in 2002, ELMO offers customers a unified platform to streamline processes for HR, and also manage payroll and rostering/time and attendance. ELMO operates on a Software as a Service (SaaS) business model based on recurrent subscription revenues.The transaction adds to ELMO’s revenue, customer base, and market opportunity.

Webexpenses has been growing at over 30 per cent annually. Revenue is 96 per cent subscription-based. Webexpenses has a large and growing customer base with operations in the United Kingdom, Australia and North America, plus high customer retention; over 90 per cent. Owner and Chairman, Michael Richards, will continue on as a strategic advisor to the UK business and CEO Adam Reynolds will continue on in his current role.

Webexpenses CEO Adam Reynolds stated “We are absolutely thrilled to become part of the ELMO software portfolio. Over the last few years, we have invested significantly in our expense management product to become a market leader in the UK. It is fantastic that ELMO has recognised the value in the services we offer. We are extremely excited to move forward together and to be able to offer extended solutions to our existing customers.”

ELMO CEO and Co-founder Danny Lessem said, “The acquisition of Webexpenses is an exciting and significant step in ELMO’s growth journey. The Webexpenses platform is highly complementary to ELMO’s existing offering. Customers will have the ability to manage employee expenses effectively and efficiently as part of our convergent HR and payroll solution. The cross-sell opportunity for ELMO’s comprehensive product suite into Webexpenses’ large customer base is substantial. ELMO’s market opportunity has increased markedly, and our strategic positioning is further strengthened.”

About ELMO

Established in 2002, ELMO is a cloud-based HR & Payroll software provider. The company offers customers a unified platform to streamline processes for HR, and also manage payroll and rostering / time & attendance. ELMO operates on a SaaS business model based on recurrent subscription revenues. For more information, please visit www.elmosoftware.com.au.

About Webexpenses

Webexpenses is a leading global provider of cloud-based financial management software. The company’s flagship expense management solution automates the process, creating a seamless workflow. Webexpenses has offices in the United Kingdom, the United States, and Australia. For more information, please visit www.webexpenses.com

Contact: [email protected]

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SOURCE Webexpenses

December 17, 2020 2:30 pm

Associa Completes American Institute of Certified Public Accountants’ System and Organization Control Compliance Attestation

Dallas, TX, Dec. 17, 2020 (GLOBE NEWSWIRE) — Associa, the industry’s largest community management company, has completed an attestation under the American Institute of Certified Public Accountants’ (AICPA) Service Organization Controls related to internal controls for financial reporting and operating effectiveness for user organizations, SOC 1 (SSAE 18) Type 2 service auditor’s report, after undergoing the engagement performed with the independent auditing firm NDNB Assurance LLP.

The SOC 1 Type 2 report includes an examination that follows the AICPA’s Statement on Standards for Attestation Engagements guidelines that evaluates the description of the system(s) Associa operates on behalf of its user organizations (customers) and the operating effectiveness over a minimum six-month period. These systems are relevant to the internal control processes related to financial reporting to the user organizations (customers). A SOC 1 Type 2 report is known as a report on management’s description of a service organization’s system and the suitability of the design and operating effectiveness of controls, which includes the following:

Provides evidence about how those controls have been operating over a period of time.
Delivers an opinion regarding the operating effectiveness of those controls over the audit period.
Explains how the controls have been operating during the audit period.

“Completing the SOC 1 Type 2 attestation is the next step in Associa’s unwavering commitment to the financial strength and stability of our clients. This new compliance report will give Associa customers elevated confidence that their financial information is stored in a controlled environment that ensures privacy, accuracy, and security,” stated Shannon Streenz, Associa senior vice president of client service operations. “As a Service Organization Control reporting organization, we are proud to maintain the highest levels of design and operating effectiveness of internal controls, top financial standards, and broadest array of financial and accounting services in the industry.”

Through this examination, conducted with the SSAE 18 regulatory guidance and leading industry best practices, the SOC 1 Type 2 report will support a service organization’s ability to address its own financial statement audit for services and activities outsourced to Associa with greater confidence.

About Associa

With more than 200 branch offices across North America, Associa delivers unsurpassed management and lifestyle services to nearly five million residents worldwide. Our 10,000+ team members lead the industry with unrivaled education, expertise and trailblazing innovation. For more than 40 years, Associa has provided solutions designed to help communities achieve their vision. To learn more, visit www.associaonline.com.

About AICPA

The American Institute of Certified Public Accountants is the world’s largest member association representing the accounting profession and has a history of serving the public interest since 1887. Today, AICPA has 431,000+ members in 137 countries and territories, representing many areas of practice, including business and industry, public practice, government, education and consulting. To learn more, visit https://www.aicpa.org/.

Stay Connected:

Like us on Facebook: https://www.facebook.com/associa

Subscribe to the Blog: https://hub.associaonline.com/

Join us on LinkedIn: http://www.linkedin.com/company/associa

Ashley Cantwell
Associa 
214-272-4107
[email protected]

December 17, 2020 2:29 pm

Kessler Topaz Meltzer & Check, LLP Is Investigating Claims On Behalf Of Penumbra, Inc. (NYSE: PEN) Investors

PR Newswire

RADNOR, Pa., Dec. 17, 2020 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of law under the federal securities laws on behalf of shareholders of Penumbra, Inc. (“Penumbra”) (NYSE: PEN).

Headquartered in Alameda, California, Penumbra is a global healthcare company focused on innovative therapies. Penumbra designs, develops, manufactures and markets novel products and has a broad portfolio that addresses challenging medial conditions in markets. The investigation concerns whether Penumbra issued false and misleading public statements about the safety of its products, including its JET 7 Xtra Flex catheters, and misled Penumbra investors about its scientific research. Following several reports which questioned the foregoing, after the market closed on December 15, 2020, Penumbra announced that it was voluntarily recalling its JET 7 Xtra Flex catheters. As a result, Penumbra’s stock price has sharply fallen.

If you are a Penumbra investor and would like to learn more about our investigation, please contact Kessler Topaz Meltzer & Check, LLP toll free at 1-844-887-9500 or by email at [email protected] or click on the following link https://www.ktmc.com/new-cases/penumbra-inc?utm_source=PR&utm_medium=link&utm_campaign=penumbra to fill out our online form.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500
(610) 667-7706
[email protected]

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SOURCE Kessler Topaz Meltzer & Check, LLP