EASTERN CO. Aktie

ATTENTION Orthofix Medical, Inc. (OFIX) Shareholders: Securities Fraud Lawsuit Filed Against Orthofix Medical, Inc. (OFIX) September 17, 2024 12:36 PM EDT | Source: Berger Montague Philadelphia, Pennsylvania--(Newsfile Corp. - September 17, 2024) - Berger Montague PC announces that a class action lawsuit was filed in the U.S. District Court for the Eastern District of Texas on behalf of those who acquired Orthofix Medical, Inc. ("Orthofix" or the "Company") (NASDAQ: OFIX) securities. If you suffered losses as a result of your investment in Orthofix (NASDAQ: OFIX) and would like to learn about a potential recovery, CLICK HERE.The lawsuit has been filed against Orthofix on behalf of purchasers of Orthofix securities between October 11, 2022 and September 12, 2023, inclusive (the "Class Period").The deadline for investors who purchased or acquired Orthofix securities during the Class Period to seek to be appointed as a lead plaintiff representative of the class is October 21, 2024. Orthofix, headquartered in Lewisville, Texas, is a global spine and orthopedics company that offers biologics, spinal hardware, bone growth therapies, and specialized orthopedic solutions, among other things, to healthcare professionals throughout the world.According to the lawsuit, throughout the Class Period, Defendants failed to disclose to investors that Orthofix's management team was engaged in "repeated inappropriate and offensive conduct that violated multiple code of conduct requirements" and was "inconsistent with the Company's values and culture." 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.On September 12, 2023, before the market opened, Orthofix disclosed that its Board's independent directors made the unanimous decision to terminate for cause Keith Valentine, John Bostjancic, and Patrick Keran from their roles as Chief Executive Officer, Chief Financial Officer, and Chief Legal Officer, respectively. The Board also requested that Mr. Valentine resign from the Board. The Company further disclosed that the decision followed an investigation conducted by independent outside legal counsel and directed and overseen by the Company's independent directors, and that the Board determined that each of the executives engaged in conduct that "violated multiple code of conduct requirements and was inconsistent with the Company's values and culture."On this news, Orthofix's stock price fell $5.62 per share, or 30.2%, to close at $13.01 per share on September 12, 2023.For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Peter Hamner at [email protected] or (215) 875-3048, or CLICK HERE. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.Contacts:Andrew Abramowitz, Senior CounselBerger Montague(215) [email protected] Peter HamnerBerger Montague PC(215) [email protected] To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223609 SOURCE: Berger Montague » Mehr auf newsfilecorp.com

SEC Charges Multiple Individuals and Entities in Relationship Investment Scams September 17, 2024 2:29 PM EDT | Source: Newsfile SEC Press Digest Washington, D.C.--(Newsfile Corp. - September 17, 2024) - The Securities and Exchange Commission today charged five entities and three individuals in connection with two relationship investment scams involving fake crypto asset trading platforms NanoBit and CoinW6, respectively. The SEC’s two complaints allege that the defendants solicited investors via social media apps, lied to them to gain their trust and confidence, and then stole their money. These charges are the SEC’s first enforcement actions alleging these types of scams.“Relationship investment scams, including those involving crypto asset investments, pose a risk of catastrophic harm to retail investors, and the threat is increasing rapidly as these scams become more popular with fraudsters,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. “In these two cases, we allege that fraudsters created fake crypto ecosystems that displayed false information to investors. Our allegations serve as a reminder to the public to be on heightened alert about potential scams involving investment opportunities promoted by strangers on social media.”The SEC’s complaint in SEC v. NanoBit Limited et al. alleges that, from approximately October 2023 to at least June 2024, scheme participants impersonated financial industry professionals in WhatsApp groups to build investors’ trust and then solicited their investments through the supposed NanoBit crypto asset trading platform. To persuade investors that the platform was safe, NanoBit allegedly falsely claimed that its affiliate, NanobitUS Securities, was an SEC-registered broker. The supposed financial professionals then touted fake initial coin offerings as a way for the investors to make substantial returns. As alleged, however, the NanoBit platform was fake, and investors’ funds in fact went to scheme participants who wired more than $2 million to bank accounts in Hong Kong and misappropriated hundreds of thousands of dollars’ worth of investors’ crypto assets.The SEC’s complaint, filed in U.S. District Court for the Eastern District of New York, charges NanoBit Limited, Radiant Horizons Limited, Sweet Karma Fashion Inc., Zhao Tropical Deli Inc., Jiajie Liu, Fei Liao, and Hua Zhao with violating the antifraud provisions of the federal securities laws. The SEC seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against each defendant.Separately, the SEC’s complaint in SEC v. CoinW6 alleges that, from approximately July 2022 to at least December 2023, scheme participants who purported to be young, wealthy professionals contacted prospective investors via LinkedIn and Instagram and pursued romantic relationships over WhatsApp. Scheme participants gained investors’ trust and then convinced them to open accounts on CoinW6’s supposed crypto asset trading platform. As alleged, the schemers claimed that investors could earn up to a three percent return per day from CoinW6’s crypto asset staking, mining, and yield farming products. In reality, investors’ funds were misappropriated, and their ostensible investments, profits, and account balances were fictitious. When investors tried to withdraw their purported profits, the schemers allegedly demanded additional payments for taxes or fees, told investors that the crypto assets were frozen as part of a law enforcement inquiry, or tried to blackmail them using compromising romantic communications over WhatsApp.The SEC’s complaint, filed in U.S. District Court for the Central District of California, charges CoinW6 with offering and selling securities in unregistered offerings and with violating the antifraud provisions of the federal securities laws. The SEC seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties against CoinW6.The SEC’s investigation regarding NanoBit was conducted by Jeremy Brandt, Michael DiBattista, and Neil Hendelman of the New York Regional Office and was supervised by Rebecca Reilly and Sheldon L. Pollock. The litigation is being conducted by Todd Brody and Jeremy Brandt and supervised by Alexander Vasilescu.The SEC’s investigation regarding CoinW6 was conducted by Matthew B. Reisig and was supervised by Timothy N. England and Melissa Hodgman. The litigation is being conducted by David Nasse and Matthew B. Reisig. The SEC appreciates the assistance of the Monetary Authority of Singapore in this investigation.The SEC’s Office of Investor Education and Advocacy, in collaboration with the CFTC’s Office of Customer Education and Outreach, FINRA, and NASAA, has issued an Investor Alert about these scams, warning that fraudsters may reach out to investors and slowly build trust before convincing them to “invest” their money and then defrauding them through fake investments.The SEC encourages investors to check the backgrounds of anyone selling or offering them an investment using Investor.gov. SOURCE: Newsfile SEC Press Digest Learn more about Bill C-18 and how it will affect Canadian users when viewing news online. » Mehr auf newsfilecorp.com

SHANGHAI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Recently, China Eastern Airlines launched its Eastern E-Services travel facilitation series at Shanghai Pudong International Airport, aiming to better facilitate international passengers, baggage services and routes in the Yangtze River delta. » Mehr auf globenewswire.com