Shareholder – Kat Masters http://katmasters.com/ Fri, 07 Jan 2022 15:49:24 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://katmasters.com/wp-content/uploads/2021/06/icon-2021-06-25T173039.237-150x150.png Shareholder – Kat Masters http://katmasters.com/ 32 32 This is what the shareholding structure of Theseus Pharmaceuticals, Inc. (NASDAQ: THRX) looks like https://katmasters.com/this-is-what-the-shareholding-structure-of-theseus-pharmaceuticals-inc-nasdaq-thrx-looks-like/ Fri, 07 Jan 2022 15:49:24 +0000 https://katmasters.com/this-is-what-the-shareholding-structure-of-theseus-pharmaceuticals-inc-nasdaq-thrx-looks-like/ If you want to know who actually controls Theseus Pharmaceuticals, Inc. (NASDAQ: THRX), then you will need to look at the makeup of its share register. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. I like to see at least a little insider ownership. As Charlie […]]]>

If you want to know who actually controls Theseus Pharmaceuticals, Inc. (NASDAQ: THRX), then you will need to look at the makeup of its share register. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. I like to see at least a little insider ownership. As Charlie Munger said, “Show me the incentive and I’ll show you the result.

Theseus Pharmaceuticals is a smaller company with a market cap of US $ 369 million, so it may still go under the radar of many institutional investors. In the graphic below, we can see that the institutions are visible on the share register. We can zoom in on the different property groups to find out more about Theseus Pharmaceuticals.

Breakdown of the NasdaqGS property: THRX January 7, 2022

What does institutional ownership tell us about Theseus Pharmaceuticals?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it’s included in a major index. . We would expect most businesses to have some institutions listed, especially if they are growing.

As you can see, institutional investors have a significant stake in Theseus Pharmaceuticals. This implies that analysts working for these institutions have reviewed the action and appreciate it. But like everyone else, they could be wrong. If several institutions change their mind about a stock at the same time, you could see the stock price drop quickly. So it’s worth checking out Theseus Pharmaceuticals profit history below. Of course, the future is what really matters.

profit and revenue growthNasdaqGS: THRX Earnings and Revenue Growth January 7, 2022

Theseus Pharmaceuticals is not owned by hedge funds. OrbiMed Advisors LLC is currently the largest shareholder, with 45% of the shares outstanding. With 10% and 9.7% of shares outstanding, respectively, FMR LLC and Foresite Capital Management, LLC are the second and third largest shareholders. Additionally, CEO Timothy Clackson owns 0.9% of the company’s shares.

To make our study more interesting, we found that the top 2 shareholders have a controlling stake in the company, which means that they are powerful enough to influence the decisions of the company.

While studying the institutional ownership of a company can add value to your research, it is also recommended that you research analyst recommendations to better understand the expected performance of a stock. There are a reasonable number of analysts covering the stock, so it can be helpful to know their overall vision for the future.

Insider Property of Theseus Pharmaceuticals

The definition of business insiders can be subjective and vary from jurisdiction to jurisdiction. Our data reflects individual insiders, capturing at least board members. The management of the company manages the company, but the CEO will report to the board of directors, even if he is a member of the board.

Insider ownership is positive when it indicates that executives think like the real owners of the company. However, strong insider ownership can also confer immense power on a small group within the company. This can be negative in some circumstances.

We can see that insiders own shares of Theseus Pharmaceuticals, Inc. Its market capitalization is only US $ 369 million, and insiders have shares worth US $ 19 million, in their own name. . It shows at least some alignment. You can click here to see if these insiders bought or sold.

General public property

With a 22% stake, the general public, made up mainly of individual investors, has some influence over Theseus Pharmaceuticals. While this property size may not be enough to influence a policy decision in their favor, they can still have a collective impact on company policies.

Private shareholders

Private equity firms hold 54% of the capital of Theseus Pharmaceuticals. This suggests that they can influence key policy decisions. Some might like this, as sometimes private capital is activists holding management to account. But other times, the private equity sells, after you have taken the company to the stock market.

Public enterprise ownership

It seems to us that state-owned companies own 4.3% of Theseus Pharmaceuticals. We cannot be sure, but it is quite possible that it is a strategic issue. Companies can be similar or work together.

Next steps:

It’s always worth thinking about the different groups that own shares in a company. But to better understand Theseus Pharmaceuticals, there are many other factors that we need to consider. For example, we discovered 4 warning signs for Theseus Pharmaceuticals (2 shouldn’t be ignored!) Which you should be aware of before investing here.

If you are like me, you might want to ask yourself if this business will grow or shrink. Fortunately, you can check this free report showing analysts’ forecasts for its future.

NB: The figures in this article are calculated from data for the last twelve months, which refer to the 12-month period ending on the last date of the month of date of the financial statement. This may not be consistent with the figures in the annual report for the entire year.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Watchdog asked to investigate shareholder payments by companies taking backing of Covid https://katmasters.com/watchdog-asked-to-investigate-shareholder-payments-by-companies-taking-backing-of-covid/ Mon, 03 Jan 2022 05:45:00 +0000 https://katmasters.com/watchdog-asked-to-investigate-shareholder-payments-by-companies-taking-backing-of-covid/ A former member of the Public Accounts Committee (PAC), the Dáil state’s spending watchdog, asked him to investigate the payment of taxpayer-funded Covid supports to companies who then distributed cash. money to shareholders in the form of dividends. Ged Nash, a Labor TD who served on PAC between 2012 and 2014, wrote last month to […]]]>

A former member of the Public Accounts Committee (PAC), the Dáil state’s spending watchdog, asked him to investigate the payment of taxpayer-funded Covid supports to companies who then distributed cash. money to shareholders in the form of dividends.

Ged Nash, a Labor TD who served on PAC between 2012 and 2014, wrote last month to Brian Stanley of Sinn Féin, the current committee chair, asking him to undertake an “urgent review” of the terms of the programs. State employment wage subsidies (EWSS) and its temporary predecessor, the TWSS, which paid around € 9 billion for the wages of employees of companies affected by the pandemic.

Mr Nash wrote to PAC following a series of articles in The Irish Times about companies that had received state subsidies while making payments to shareholders, including O’Flaherty Holdings, the company with the Mercedes franchise for Ireland. It received nearly 1.8 million euros in grants in 2020 and also sent a similar amount to its offshore shareholder entity in the same year.

The government has since vowed to review the law surrounding state subsidies to see if it needs to be tightened to prevent companies from receiving subsidies they do not need.

In his letter to Mr. Stanley, Mr. Nash asks PAC to investigate the matter under six different headings, including how widespread dividend payment is by state-backed companies. The government does not know how much taxpayers paid to companies which subsequently rewarded shareholders.

Prevent “abuse”

Mr Nash also asks PAC to consider ‘what controls and conditions should be attached to such schemes in the future to prevent the possibility of abuse of schemes and to better protect the interests of the taxpayer and the public interest more broadly. “.

Currently, there are no barriers to publicly funded, dividend-paying companies, and no method for taxpayers to claw back support from companies that then sent money to shareholders.

Other state-subsidized companies that paid dividends despite receiving taxpayer help included donut chain Krispy Kreme, which sent over € 1.6million to the UK afterwards. getting help from Irish taxpayers, and John Sisk & Co, Ireland’s largest construction company, who made the payment to the wealthy Sisk family.

“The aim of these programs is to keep workers in employment at a difficult time for the Irish and global economy,” Mr Nash wrote. “I think you will agree that the programs were not intended to boost the bottom line of very profitable companies.”

TWSS, which was introduced at the start of the pandemic, has cost taxpayers € 3 billion, while its successor, EWSS, has so far cost around € 6 billion.

Mr Nash said the government recognized the problem. Taoiseach Micheál Martin, Finance Minister Paschal Donohoe and Tánaiste Leo Varadkar all said companies that received state aid and then paid dividends should reimburse taxpayers.

“Due to the flaws in the design of TWSS and EWSS and the complete absence of certain controls and conditions that could have prevented such blatant behavior in the first place, ministers are now left with public appeals for that these companies reimburse the money. “said Mr. Nash.

PAC has acknowledged the problem but has yet to say whether it will investigate. It is likely to be reviewed at its next meeting, which has not yet been scheduled.

Business Today

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CLAIMSFILER RECALLS CHGG, HOOD, MARA, https://katmasters.com/claimsfiler-recalls-chgg-hood-mara/ Sat, 01 Jan 2022 03:00:00 +0000 https://katmasters.com/claimsfiler-recalls-chgg-hood-mara/ NEW ORLEANS, December 31, 2021 (GLOBE NEWSWIRE) – ClaimsFiler, a FREE shareholder information service, reminds investors of outstanding deadlines in the following securities class actions: Marathon Digital Holdings, Inc. f / k / a Marathon Patent Group, Inc. (MARA)Course period: 13/10/2020 – 15/11/2021Deadline for the principal applicant’s request: February 15, 2022SECURITIES FRAUD To learn more, […]]]>

NEW ORLEANS, December 31, 2021 (GLOBE NEWSWIRE) – ClaimsFiler, a FREE shareholder information service, reminds investors of outstanding deadlines in the following securities class actions:

Marathon Digital Holdings, Inc. f / k / a Marathon Patent Group, Inc. (MARA)
Course period: 13/10/2020 – 15/11/2021
Deadline for the principal applicant’s request: February 15, 2022
SECURITIES FRAUD
To learn more, visit https://claimsfiler.com/cases/nasdaq-mara-1

Robinhood Markets Inc. (HOOD)
Category: Shares issued during or after the initial public offering of July 2021
Deadline for the principal applicant’s request: February 15, 2022
MISLEADING PROSPECTUS
To learn more, visit https://claimsfiler.com/cases/nasdaq-hood/

Reata Pharmaceuticals, Inc. (RETA)
Course period: 09/11/2020 – 08/12/2021
Deadline for the principal applicant’s request: February 18, 2022
SECURITIES FRAUD
To learn more, visit https://claimsfiler.com/cases/nasdaq-reta-1/

Chegg, Inc. (CHGG)
Course period: 5/5/2020 – 11/1/2021
Deadline for the principal applicant’s request: February 22, 2022
SECURITIES FRAUD
To learn more, visit https://claimsfiler.com/cases/nyse-chgg

If you have purchased shares of the above companies and would like to discuss your legal rights and your right to recover for your economic loss, you can, at no obligation or cost to you, contact us toll-free (844) 367-9658 or visit the case links above.

If you wish to act as the principal plaintiff in the class action, you must submit a petition to the court on or before the principal plaintiff’s petition deadline.

About ClaimsFiler

ClaimsFiler has one mission: To serve as a source of information to help retail investors reclaim their share of the billions of dollars in securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to access information and settlement websites for various securities class action cases so that they can submit their own claims in a timely manner; (2) upload transactional data from their portfolio to be informed of relevant securities affairs in which they may have a financial interest; and (3) submit inquiries to the law firm Kahn Swick & Foti, LLC for free case assessments.

To learn more about ClaimsFiler, visit www.claimsfiler.com


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SHAREHOLDER ALERT: Law Firm Pomerantz Reminds Shareholders of Losses Suffered on Their Investment iQIYI, Inc. and Against Goldman Sachs Group Inc. and Morgan Stanley of Class Action and Upcoming Deadline – GS; MS | national news https://katmasters.com/shareholder-alert-law-firm-pomerantz-reminds-shareholders-of-losses-suffered-on-their-investment-iqiyi-inc-and-against-goldman-sachs-group-inc-and-morgan-stanley-of-class-action-and-upcoming-deadl/ Thu, 30 Dec 2021 04:57:25 +0000 https://katmasters.com/shareholder-alert-law-firm-pomerantz-reminds-shareholders-of-losses-suffered-on-their-investment-iqiyi-inc-and-against-goldman-sachs-group-inc-and-morgan-stanley-of-class-action-and-upcoming-deadl/ NEW YORK, December 29, 2021 / PRNewswire / – Pomerantz LLP Announces that a Class Action has been filed against Goldman Sachs Group Inc. and Morgan Stanley (together, the “Defendants”) on behalf of investors in iQIYI, Inc. (“iQIYI” or the “Company ”) (NASDAQ: QI). The class action, filed in United States District Court of the […]]]>

NEW YORK, December 29, 2021 / PRNewswire / – Pomerantz LLP Announces that a Class Action has been filed against Goldman Sachs Group Inc. and Morgan Stanley (together, the “Defendants”) on behalf of investors in iQIYI, Inc. (“iQIYI” or the “Company ”) (NASDAQ: QI). The class action, filed in United States District Court of the Southern District of New York, and registered as 21-cv-10999, is in the name of all investors who have purchased or otherwise acquired iQIYI shares at the same time as the illegal transactions of the defendants of March 22, 2021 through and including March 29, 2021 (the “Remedy Period”), pursuant to Sections 20A, 10 (b) and 20 (a) of the Securities Exchange Act of 1934 (the “Exchange Act”), 15 USC §§ 78t-1, 78j (b) , and 78t (a).

If you are a shareholder who purchased iQIYI shares during the Class Period, you have up to January 31, 2022 ask the court to appoint you as the principal plaintiff for the group. A copy of the complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, Ext. 7980. Those inquiring by e-mail are encouraged to provide their mailing address, telephone number and the number of shares purchased.

[Click here for information about joining the class action]

Archegos Capital Management (“Archegos”), a family office investment fund, was founded and managed by Sung Kook Hwang (“Hwang”), a former portfolio manager of Tiger Asia Management, a hedge fund he also founded.

Goldman Sachs and Morgan Stanley are global financial services institutions that have served as primary brokers for Archegos, helping it with transactions and lending capital to it in the form of a margin loan.

Archegos has taken large and concentrated positions in companies such as ViacomCBS Inc. (“ViacomCBS”), Vipshop Holdings Ltd., Discovery Inc., Farfetch Ltd., Gaotu Techedu, Inc., Baidu Inc., iQIYI and Tencent Holdings Ltd. through financial instruments called “total return swaps”, in which the underlying securities are held by banks which trade the investments.

Unbeknownst to investors and regulators, several large brokerage banks, including the defendants, had each simultaneously allowed Archegos to take billions of dollars of exposure to volatile stocks through swap contracts, increasing significantly the risk posed by these concentrated positions.

At March 23, 2021 ViacomCBS announced a new $ 3 billion offering to help fund investments in its streaming service, Paramount +, which launched earlier this month.

At March 25, 2021, one of Wall Street’s most influential research firms, MoffettNathanson, released a report questioning the value of ViacomCBS, downgrading the stock to ‘sell’ and setting a price target of just $ 55 per share, compared to $ 85 to offer. “We never, ever thought we would see Viacom[CBS] trade near $ 100 per share, ”the report reads. “Obviously neither is ViacomCBS management,” he continued, citing the new share offering.

As a result of this report, ViacomCBS stock collapsed, losing more than half of its value in less than a week. Indeed, at market close on Friday March 26, 2021, ViacomCBS was worth $ 48 per share.

This proved to be extremely problematic for Archegos, who had traded ViacomCBS on margin. Because Archegos had to maintain a certain amount of collateral to satisfy its lenders, and as the value of the ViacomCBS share declined considerably, Archegos needed enough collateral to cover, or else a margin call (where the lender can force a sale of the stock to bring the investor back into line with the margin requirements), could be triggered.

At March 27, 2021, it was reported that Archegos did not cover and, therefore, had to liquidate more than $ 20 billion of its leveraged equity positions on Friday March 26, 2021.

The complaint alleges that, throughout the period of the action, the defendants sold a large number of iQIYI shares during the week of March 22, 2021, while in possession of material non-public information. According to subsequent media reports, the defendants unloaded large block transactions made up of stocks from the doomed bets of Archegos, including billions of iQIYI securities, at the end Thursday 25 March 2021, before Archegos’ story reached the public, sending iQIYI’s shares into free fall.

As a result of these sales, the defendants avoided billions of losses combined.

The defendants knew, or were reckless in not knowing, that they were prohibited from trading on the basis of this confidential market information, but nonetheless negotiated, yielding to the plaintiff and other class members their iQIYI shares before the news broke from Archegos and iQIYI shares have plummeted.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is recognized as one of the leading firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class actions bar, Pomerantz was a pioneer in the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he established, fighting for the rights of victims of securities fraud, breach of fiduciary duty and professional misconduct. The firm has recovered numerous multi-million dollar damages on behalf of the members of the group. See www.pomlaw.com.

CONTACT:

Robert S. Willoughby

Pomerantz srl

rswilloughby@pomlaw.com

888-476-6529 ext 7980

View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert–pomerantz-law-firm-reminds-shareholders-with-loss-on-their-investment-iqiyi-inc-and-against-goldman-sachs -group-inc-and-morgan-stanley-of-class-action-lawsuit-and-next-deadline-date — gs-ms-301451751.html

SOURCE Pomerantz LLP


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SHAREHOLDER ALERT: Levi & Korsinsky, LLP informs the shareholders of Arrivée SA. of a class action and a principal plaintiff Deadline of February 22, 2022 – ARVL https://katmasters.com/shareholder-alert-levi-korsinsky-llp-informs-the-shareholders-of-arrivee-sa-of-a-class-action-and-a-principal-plaintiff-deadline-of-february-22-2022-arvl/ Tue, 28 Dec 2021 01:15:00 +0000 https://katmasters.com/shareholder-alert-levi-korsinsky-llp-informs-the-shareholders-of-arrivee-sa-of-a-class-action-and-a-principal-plaintiff-deadline-of-february-22-2022-arvl/ NEW YORK, Dec. 27 2021 / PRNewswire / – The following statement is issued by Levi & Korsinsky, LLP: AT: All persons or entities who have purchased or otherwise acquired securities of Arrival SA. (“Arrival” or the “Company”) (NASDAQ: ARVL) and / or sold Put options on arrival between November 18, 2020 and November 19, […]]]>

NEW YORK, Dec. 27 2021 / PRNewswire / – The following statement is issued by Levi & Korsinsky, LLP:

AT: All persons or entities who have purchased or otherwise acquired securities of Arrival SA. (“Arrival” or the “Company”) (NASDAQ: ARVL) and / or sold Put options on arrival between November 18, 2020 and November 19, 2021. You are hereby notified that a class action lawsuit in securities was brought in United States District Court of the Southern District of New York. For more information, visit:

https://www.zlk.com/pslra-1/arrival-sa-loss-submission-form

or contact Joseph E. Levi, Esq. either by e-mail at jlevi@levikorsinsky.com or by phone at (212) 363-7500. There is no cost or obligation for you.

Arrival SA. NEWS – ARVL NEWS

CASE DETAILS: According to the complaint filed: (i) the Company would record significantly higher net loss and adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”) in the third quarter of 2021 compared to the third quarter of 2020; (ii) the Company would incur significantly higher capital and operating expenses to operate and deploy its micro-factories and manufacture electric vehicles than it disclosed; (iii) the Company would not capitalize on or achieve profitability or provide significant income within the time periods disclosed; (iv) the Company would not meet its disclosed production and sales volumes; (v) the Company would not meet the disclosed production deployment deadlines. As a result, the Company materially overstated its financial and operating condition and / or outlook, and (vi) as a result, the Company’s public statements were materially false and misleading at all material times.

WHAT THIS MEANS FOR SHAREHOLDERS: If you have suffered a loss on arrival, you have until February 22, 2022 request that the Court appoint you as the principal applicant. Your ability to participate in any recovery does not require you to serve as the lead applicant.

NO COT FOR YOU: If you bought Arrival tickets between November 18, 2020 and November 19, 2021 you may be entitled to compensation without payment of any costs or reimbursable expenses.

PROTECT YOUR FINANCIAL INTERESTS: Fill out this brief submission form:

https://www.zlk.com/pslra-1/arrival-sa-loss-submission-form or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.

WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars to shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by companies.

Levi & Korsinsky is a nationally recognized law firm with offices in New York, California, Connecticut, and Washington DC The Founding Partners of the Firm, Joseph Levi and Edouard Korsinski, have represented shareholders and institutional clients for nearly 20 years and have achieved remarkable results for clients in the United States and internationally. The firm, which has more than 70 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those we represent. Our attorneys have extensive expertise in representing investors in securities litigation with experience in recovering hundreds of millions of dollars in cases. Levi & Korsinsky has been ranked in the Institutional Shareholder Services (“ISS”) SCAS Top 50 report for 7 consecutive years as the best securities litigation firm in United States. The SCAS Top 50 report identifies the leading plaintiff securities law firms in the country and, year after year, ISS has recognized Levi & Korsinsky as a leading firm in the field of securities class actions.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th floor
New York, New York State 10006
jlevi@levikorsinsky.com
Phone. : (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-levi–korsinsky-llp-notifies-shareholders-of-arrival-sa-of-a-class-action-lawsuit-and-a-lead -applicant-deadline-of-22-February-2022 – arvl-301451069.html

SOURCE Levi & Korsinsky, LLP


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Reminder to Shareholders: Kessler Topaz Meltzer & Check, LLP Reminds Shareholders of Securities Fraud Class Action Against Robinhood Markets, Inc. and Encourages Investors with Large Losses to Contact the Firm https://katmasters.com/reminder-to-shareholders-kessler-topaz-meltzer-check-llp-reminds-shareholders-of-securities-fraud-class-action-against-robinhood-markets-inc-and-encourages-investors-with-large-losses-to-contact/ Sat, 25 Dec 2021 22:40:00 +0000 https://katmasters.com/reminder-to-shareholders-kessler-topaz-meltzer-check-llp-reminds-shareholders-of-securities-fraud-class-action-against-robinhood-markets-inc-and-encourages-investors-with-large-losses-to-contact/ RADNOR, Pa .– (COMMERCIAL THREAD) – The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that a securities class action lawsuit has been filed against Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD). The action accuses Robinhood of violations of federal securities laws, including fraudulent omissions and misrepresentation regarding the business, operations and prospects […]]]>

RADNOR, Pa .– (COMMERCIAL THREAD) – The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that a securities class action lawsuit has been filed against Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD). The action accuses Robinhood of violations of federal securities laws, including fraudulent omissions and misrepresentation regarding the business, operations and prospects of the company. As a result of Robinhood’s materially misleading statements to the public, Robinhood’s investors suffered significant losses.

TO SEE OUR VIDEO, PLEASE CLICK HERE

CLICK HERE TO SUBMIT YOUR ROBINHOOD LOSSES

PRINCIPAL COMPLAINANT DEADLINE: February 15, 2022

COURSE PERIOD: July 30, 2021 to December 17, 2021

CONTACT A LAWYER TO DISCUSS YOUR RIGHTS:

James Maro, Esq., (484) 270-1453 or toll free (844) 887-9500 or by email at info@ktmc.com

ROBINHOOD’S ALLEGED FAULT

Robinhood, headquartered in Menlo Park, Calif., Is a financial services company that operates a mobile app that offers commission-free stock trading and allows users to invest in stocks, exchange-traded funds and cryptocurrencies.

On July 30, 2021, Robinhood proceeded to its initial public offering (“IPO”) and issued 55 million shares at $ 38 per share, anticipating proceeds of more than $ 2 billion. Then, on October 26, 2021, Robinhood announced its financial results for the third quarter of 2021. The report found that Robinhood’s total third-quarter net income was nearly $ 73 million lower than Wall Street estimates. crypto transactions amounting to $ 51 million, a fall of 78% from the previous quarter. Robinhood also reported a decline in its Monthly Active Users (“MAU”), funded accounts, assets in custody and average revenue per user. Following this news, Robinhood’s stock fell $ 4.13 per share, or 10.44%, to close at $ 35.44 per share on October 27, 2021.

Then, on November 8, 2021, Robinhood revealed that it suffered a “data security incident” on November 3, 2021, admitting that an “unauthorized third party” had obtained the email addresses of approximately five million users and the full names of another group of around two million users, indicating that the attack potentially affected nearly 40% of Robinhood’s MAUs. Following this news, Robinhood’s stock fell more than 3% on November 9, 2021 to close at $ 36.70 per share, before falling 6% to close at $ 34.49 the following day. As of the date the original complaint was filed, Robinhood shares were trading at $ 17.08 per share, more than 55% below the IPO price of $ 38.

WHAT CAN I DO?

Robin Hood investors can, no later than February 15, 2022, seek to be appointed as the principal representative of the applicants of the group through Kessler Topaz Meltzer & Check, LLP or another lawyer, or may choose to do nothing and remain an absent member of the group. Kessler Topaz Meltzer & Check, LLP encourages Robinhood investors who have suffered significant losses to contact the company directly for more information.

CLICK HERE TO SUBSCRIBE TO THE CASE

WHO CAN BE A PRINCIPAL APPLICANT?

A principal plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead applicant is usually the investor or small group of investors who have the most significant financial interest and who are also suitable and typical for the proposed investor category. The lead plaintiff chooses a lawyer to represent the lead plaintiff and the class and these lawyers, if approved by the court, are the lead or class advocates. Your ability to participate in any recovery is not affected by the decision whether or not to serve as the principal applicant.

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP

Kessler Topaz Meltzer & Check, LLP pursues class actions in state and federal courts across the country and around the world. The company has developed a worldwide reputation for excellence and has recovered billions of dollars for victims of fraud and other malpractice. All of our work is guided by a common goal: to protect investors, consumers, employees and others from fraud, abuse, fault and neglect on the part of businesses and trustees. In the end, we were successful if the bad guys pay and you get your holdings back. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information on Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.


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Activist investor asks CN to postpone CEO pick after special shareholder meeting https://katmasters.com/activist-investor-asks-cn-to-postpone-ceo-pick-after-special-shareholder-meeting/ Thu, 23 Dec 2021 15:55:34 +0000 https://katmasters.com/activist-investor-asks-cn-to-postpone-ceo-pick-after-special-shareholder-meeting/ LONDON – Activist investor TCI Fund Management has asked Canadian National to postpone the selection of its next chief executive until after the extraordinary shareholders’ meeting in March. CN announced Monday that it will appoint a new CEO in January, when CEO JJ Ruest is expected to retire. TCI’s request for a break in CEO […]]]>

LONDON – Activist investor TCI Fund Management has asked Canadian National to postpone the selection of its next chief executive until after the extraordinary shareholders’ meeting in March.

CN announced Monday that it will appoint a new CEO in January, when CEO JJ Ruest is expected to retire.

TCI’s request for a break in CEO selection process comes after its recommended CEO candidate, former CN COO Jim Vena, withdrew his name from consideration over the weekend. end. [see “Jim Vena withdraws …,” Trains News Wire, Dec. 20, 2021].

“Given the history of CN’s board failures in CEO appointments, it is no surprise to us that the board has yet to succeed in attracting the best candidate for the post, “London-based TCI said in a statement.

News of Vena’s withdrawal caused CN shares to fall 6.5% on Monday. TCI suggested that CN had pulled out all the stops against Vena, who was well into the interview process. Vena dropped out after it was clear the board would not support TCI’s calls for sweeping changes to the railroad, according to people familiar with the matter.

“The board is in conflict, which makes the current selection process flawed and unreliable. A CEO has to be certain that he or she will have the unwavering support of the board, and currently that cannot be guaranteed, ”said TCI.

TCI appointed a list of four directors. CN shareholders will vote on the nominees for the board of directors at the special meeting of shareholders on March 22, which is called at TCI’s request.

“If CN shareholders elect the four independent candidates nominated by TCI at the special meeting, they can be confident that the board will conduct a fair CEO selection process and be able to provide the new CEO with stable and supportive support. sustainable, ”TCI said.

It was not clear whether Vena would toss her hat in the ring if all four candidates for TCI’s board were elected. TCI declined to comment.

“The need for change on the CN Board of Directors has never been clearer and TCI remains fully committed to bringing much-needed rail experience to the Board for the benefit of all CN shareholders,” said TCI.

TCI’s nominees are Gil Lamphere, a former CN board member; Rob Knight, former CFO of Union Pacific; Allison Landry, former Credit Suisse analyst; and Paul Miller, retired vice-president of CN.

“The appointment of the new CEO should therefore be postponed until after the special meeting so that shareholders can vote on who should lead the vitally important search for a CEO who can initiate a business transformation that will pave the way for growth. future, ”TCI said.

TCI, CN’s second-largest shareholder, launched its proxy contest in August after the U.S. Surface Transportation Board effectively called off CN’s plans to merge with Kansas City Southern. The fund criticized what it sees as a deterioration in CN’s operational and financial performance and called for the resignation of Ruest and board chairman Robert Pace, who is due to step down next year.

In response, CN announced in September a Full Speed ​​Ahead plan to improve the railroad’s operating ratio, reduce costs and capital expenditures, and increase shareholder returns through a combination of profit growth. and share buybacks.

Ruest announced his retirement a day after TCI released its plan to improve CN’s operations and financial performance.

CN did not immediately respond to a request for comment.


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SHAREHOLDER ALERT: Robbins LLP Reminds Investors of Class Action Against Alfi, Inc. (ALF, ALFIW) https://katmasters.com/shareholder-alert-robbins-llp-reminds-investors-of-class-action-against-alfi-inc-alf-alfiw/ Tue, 21 Dec 2021 11:31:01 +0000 https://katmasters.com/shareholder-alert-robbins-llp-reminds-investors-of-class-action-against-alfi-inc-alf-alfiw/ Shareholder law firm Robbins LLP reminds investors that a class action lawsuit has been filed on behalf of all persons and entities who have purchased common shares or warrants of Alfi, Inc. (NASDAQ: ALF, ALFIW) pursuant to the initial public offering (“IPO”) of the Company from May 4, 2021 or securities between May 4, 2021 […]]]>

Shareholder law firm Robbins LLP reminds investors that a class action lawsuit has been filed on behalf of all persons and entities who have purchased common shares or warrants of Alfi, Inc. (NASDAQ: ALF, ALFIW) pursuant to the initial public offering (“IPO”) of the Company from May 4, 2021 or securities between May 4, 2021 and November 15, 2021. The complaint alleges violations of the Securities Act of 1933 and the Securities Exchange Act of 1934. Alfi provides interactive software solutions artificial intelligence and machine learning.

If you have suffered a loss as a result of Alfi, Inc.’s misconduct, click here.

Alfi, Inc. (ALF, ALFIW) Failed to Disclose Weak Disclosure Controls and Internal Control over Financial Reporting

According to the complaint, Alfi began trading publicly on May 4, 2021. However, the documents filed in support of the IPO (the “Offer Documents”) were negligently prepared. More specifically, the offering documents did not indicate that Alfi maintained deficient disclosure controls and procedures and internal control over financial reporting. As a result, the Company and its employees could and did participate in corporate transactions and other matters without sufficient and appropriate consultation with or approval by the Board of Directors of the Company. This has increased the risk of internal and regulatory investigations on the Company and its employees.

On October 28, 2021, Alfi revealed that the board had placed the company’s CEO, CTO and CFO “on paid administrative leave and authorized an independent internal investigation into certain corporate transactions. and other matters ”, and subsequently terminated its CTO. Then, on November 1, 2021, Alfi revealed that his chairman of the audit committee had resigned from the board of directors and that his internal investigation resulted from “the purchase by the company of a condominium for a purchase price of ‘approximately $ 1.1 million “and” the Company’s commitment to sponsor a sports tournament in the amount of $ 640,000 “, both of which” were undertaken by the management of the Company without consultation or approval. sufficient and appropriate board of directors ”.

On November 15, 2021, Alfi revealed that he “received a letter from the staff of the [SEC] indicating that the Company, its affiliates and agents may possess documents and data relevant to an ongoing investigation by SEC personnel. in the company’s current report on Form 8-K filed November 1, 2021, or financial reporting and disclosure controls, policies or procedures. ”

Finally, on November 16, 2021, Alfi filed a notice indicating his inability to timely file his quarterly report on Form 10-Q with the SEC for the quarter ended September 30, 2021. The stock is now trading at under $ 3.

If you have purchased shares or warrants of Alfi, Inc. (ALF, ALFIW) in connection with the IPO or of securities of the Company between May 4, 2021 and November 15, 2021, you have until January 31, 2022 to ask the court to appoint you as the principal plaintiff in the class.

Any representation is on the basis of contingency fees. Shareholders pay no fees or expenses.

Contact us for more information:

Aaron Dumas

(800) 350-6003

adumas@robbinsllp.com

Information form for shareholders

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP are dedicated to helping shareholders recover their losses, improve corporate governance structures, and hold top executives. company responsible for their wrongdoing since 2002. To be notified of a class action lawsuit against Alfi, Inc. rule or to receive free alerts when company executives commit wrongdoing, subscribe to Stock watch today.

Lawyer advertising. Past results do not guarantee a similar result.


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MAJOR shareholder behind Nnamdi Okonkwo’s EFCC ordeal https://katmasters.com/major-shareholder-behind-nnamdi-okonkwos-efcc-ordeal/ Sun, 19 Dec 2021 12:52:13 +0000 https://katmasters.com/major-shareholder-behind-nnamdi-okonkwos-efcc-ordeal/ Nnamdi Okonkwo December 19 (THEWILL) – News of the arrest of Nnamdi Okonkwo, the former managing director of Fidelity Bank Plc. and now managing director of FBN Holdings, the holding company of First Bank of Nigeria Limited, by the Economic and Financial Crimes Commission, has dominated the media space in recent days. Okonkwo was asked […]]]>
Nnamdi Okonkwo

December 19 (THEWILL) – News of the arrest of Nnamdi Okonkwo, the former managing director of Fidelity Bank Plc. and now managing director of FBN Holdings, the holding company of First Bank of Nigeria Limited, by the Economic and Financial Crimes Commission, has dominated the media space in recent days.

Okonkwo was asked about the whereabouts of the $ 72.87 million sum belonging to the troubled former Oil Resources Minister Diezani Alison-Madueke which was deposited in the bank.

This deposit was made while Okonkwo was in charge of the bank’s affairs and the anti-corruption agency is now opening investigations into this money which is the product of the former minister’s corrupt activities.

This will not be the first time that the EFCC has arrested Okonkwo for money belonging to Diezani who is now in “exile” in the UK.

Last month, the agency took him into custody for his alleged role in the $ 153 million deposited in the bank in Diezani’s name, by a former executive director of a first-generation bank.

While it may appear that the anti-corruption agency is simply doing its job and trying to get Okonkwo convicted of his crimes, this is far from the case.

THEWILL exclusively learned that Okonkwo’s ordeal would be orchestrated by a major First Bank shareholder.

This particular shareholder uses the tactic of trick people, to embarrass Okonkwo to such an extent that FBN Holdings would have no choice but to remove him from his position as GMD, even if it is to distance himself from anyone else. scandal, having just survived a previous scandal which consumed the first woman president of the bank and the president of the holding.

Although this shareholder claims that he is not interested in any position on the board of directors of FBN Holdings and First Bank Plc, either directly or by proxy, and that he only wishes to be an investor, this would be far from the truth.

On Friday, Mr. Remi Babalola unexpectedly resigned from his tenure as chairman of FBN Holdings barely eight months after taking office following the abrupt departure of his predecessor, Oba Otudeko in April 2021. According to our sources, this shareholder could have put pressure on Babalola to resign.

The game plan for this shareholder is to install his own lackey, an act he was unable to perform, because while he was still increasing his shares, the first shareholder had already influenced the nomination. Okonkwo.

This did not go well with the complicit shareholder, of course, and so the plan to bring about Okonkwo’s impeachment through a series of well-orchestrated arrests was devised, using the anti-agency arrowhead. corruption claiming to be an enemy of corruption but failed. bring to justice a former governor or a prominent figure for corruption, after nearly a year in the saddle.

To give this even more credit, shortly before the announcement of Okonkwo’s arrest a few days ago, the anti-corruption agency’s points man had to cut his trip to a country short. ‘North Africa, where he was a panelist at an anti-corruption conference, to personally take charge of the case in accordance with his “master” offer.

Before word of Okonkwo’s arrest spread, the anti-corruption agency had to send out a press release that was said to have been fraught with grammar and punctuation errors as it was hastily drafted on instructions from the head of the agency, to make it appear that the agency was really doing its job without any conditions.

But will this shareholder end up succeeding in having FBN Holdings succumb by abandoning Okonkwo and appointing his own lackey?

We are waiting to see who will emerge victorious from this battle of “attrition”.

Either way, the CBN which owns a huge stake in the bank will ultimately decide who gets what.


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OWLT Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Remind Owlet, Inc. Shareholders of Class Action and Deadline: January 17, 2022 https://katmasters.com/owlt-shareholder-alert-bronstein-gewirtz-grossman-llc-remind-owlet-inc-shareholders-of-class-action-and-deadline-january-17-2022/ Fri, 17 Dec 2021 16:00:00 +0000 https://katmasters.com/owlt-shareholder-alert-bronstein-gewirtz-grossman-llc-remind-owlet-inc-shareholders-of-class-action-and-deadline-january-17-2022/ NEW YORK, NY / ACCESSWIRE / December 17, 2021 / Bronstein, Gewirtz & Grossman, LLC informs investors that a class action lawsuit has been filed against Owlet, Inc. (“Owlet” or the “Company”) (NYSE: OWLT) and certain of its officers, on behalf of shareholders who: (1) purchased or otherwise acquired Owlet between March 31, 2021 and […]]]>

NEW YORK, NY / ACCESSWIRE / December 17, 2021 / Bronstein, Gewirtz & Grossman, LLC informs investors that a class action lawsuit has been filed against Owlet, Inc. (“Owlet” or the “Company”) (NYSE: OWLT) and certain of its officers, on behalf of shareholders who: (1) purchased or otherwise acquired Owlet between March 31, 2021 and October 4, 2021 inclusive (the “Class Period”); and / or (2) held common shares of Sandbridge held on June 1, 2021 and were eligible to vote at Sandbridge’s special meeting on July 14, 2021. These investors are encouraged to join in this matter by visiting the site of the society : www.bgandg.com/owlt.

This class action lawsuit seeks to recover damages against the defendants for alleged violations of federal securities laws under the Securities Exchange Act of 1934.

The complaint alleges that throughout the Class Period, the Defendants made false and / or misleading statements and / or failed to disclose that: (1) it was reasonably likely that Owlet would be required to obtain clearance market launch for the Smart Sock because the FDA found it to be a medical device; (2) that, as a result, Owlet was reasonably likely to cease commercial distribution of the Smart Sock in the United States until it obtained the required approval; and (3) that due to the foregoing, the Defendants’ positive statements regarding the business, operations and prospects of the Company were materially misleading and / or lacked reasonable basis.

A class action has already been filed. If you would like to review a copy of the complaint, you can visit the firm’s website: www.bgandg.com/owlt or you can contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you have suffered a claim in Owlet, you have until January 17, 2022 to request that the Tribunal appoint you as the principal claimant. Your ability to participate in any recovery does not require you to serve as the lead applicant.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our main expertise is the aggressive pursuit of contentious claims on behalf of our clients. In addition to representing institutions and other plaintiff investors in security class actions, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Lawyer advertising. Past results do not guarantee similar results.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com

THE SOURCE: Bronstein, Gewirtz & Grossman, LLC

See the source version on accesswire.com:
https://www.accesswire.com/677588/OWLT-Shareholder-Alert-Bronstein-Gewirtz-Grossman-LLC-Reminds-Owlet-Inc-Shareholders-of-Class-Action-and-Lead-Deadline-January-17- 2022


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