Hub Group Declares Quarterly DividendHow Trump’s bet on voters electing him managed to silence some of his legal woes
Alberta minister wants to see $100B in data centre infrastructure in next five yearsSHENZHEN, China , Dec. 3, 2024 /PRNewswire/ -- On November 26, 2024 , Access Advance LLC ("AA") and TCL Electronics Holdings Limited ("TCL" or "Client") announced that TCL had officially joined the HEVC Advance Patent Pool as a licensee. PurpleVine IP Group ("PurpleVine") played a pivotal role in this achievement, providing full-spectrum services, including strategic planning, global litigation management, and licensing negotiation support. PurpleVine's efforts were instrumental in helping TCL finalize agreements with AA and multiple HEVC Advance licensors, resolving years of complex global litigation over HEVC standard-essential patents("SEPs"). Since 2021, leading HEVC Advance licensors - including Dolby, GEVC, Philips, Mitsubishi Electric, JVCKENWOOD, NEC, ETRI, and IP Bridge - have filed dozens of infringement lawsuits and sought injunctions against TCL across jurisdictions such as Germany , the Unified Patent Court (UPC) in Europe , and Brazil . PurpleVine provided TCL with a comprehensive defense strategy tailored to each jurisdiction. Working closely with local counsel, the PurpleVine team devised FRAND-compliant arguments, non-infringement defenses, and patent invalidation strategies that not only neutralized injunction threats but also achieved an outstanding success rate of over 90% in invalidating asserted patents during first-instance rulings. PurpleVine also spearheaded counteractions against AA and HEVC Advance licensors in multiple jurisdictions, including China , Brazil , and Germany . Notably, PurpleVine assisted TCL in filing two landmark cases in Chinese courts - one challenging SEP licensing rates and another alleging abuse of market dominance. These cases were the first in the world where courts asserted jurisdiction over SEP pool licensing rates and alleged monopolistic practices, setting a groundbreaking legal precedent. Daniel Fu , General Counsel of TCL, stated, "We are pleased to have signed a license with Access Advance's HEVC patent pool, with the help of PurpleVine IP. The transaction is beneficial to the licensing ecosystem and the development of cutting-edge technologies for the welfare of consumers." This multi-jurisdictional case, involving complex legal challenges, spanning several years, highlights PurpleVine's expertise in managing high-stakes IP disputes. PurpleVine's strategic leadership, effective litigation management, and skilled negotiations reaffirm its position as a leading provider of cross-border intellectual property services. Disclaimer: This press release is for informational purposes only and does not constitute legal advice or an official statement regarding litigation. About PurpleVine IP Group PurpleVine IP Group, based in Shenzhen, China , is a leading intellectual property service provider with a global perspective. The firm offers one-stop IP services, including patent and trademark prosecution, analysis, global transactions, licensing negotiations, and dispute resolution. The core members of PurpleVine's litigation and dispute resolution team have backgrounds in top international law firms and leading corporate legal departments. They have managed patent litigation and invalidation cases in over 50 courts worldwide. The firm also includes SEP (Standard Essential Patent) experts from the telecommunications industry, who have been involved in hundreds of patent licensing negotiations and litigations. View original content to download multimedia: https://www.prnewswire.com/news-releases/purplevine-drives-tcls-successful-entry-into-the-hevc-advance-patent-pool-302320761.html SOURCE PurpleVine IP
We must acknowledge the bravery of survivors who told their stories to the Royal Commission
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By ALANNA DURKIN RICHER WASHINGTON (AP) — One year after the Jan. 6, 2021 , U.S. Capitol attack, Attorney General Merrick Garland said the Justice Department was committed to holding accountable all perpetrators “at any level” for “the assault on our democracy.” That bold declaration won’t apply to at least one person: Donald Trump. Special counsel Jack Smith’s move on Monday to abandon the federal election interference case against Trump means jurors will likely never decide whether the president-elect is criminally responsible for his attempts to cling to power after losing the 2020 campaign. The decision to walk away from the election charges and the separate classified documents case against Trump marks an abrupt end of the Justice Department’s unprecedented legal effort that once threatened his liberty but appears only to have galvanized his supporters. The abandonment of the cases accusing Trump of endangering American democracy and national security does away with the most serious legal threats he was facing as he returns to the White House. It was the culmination of a monthslong defense effort to delay the proceedings at every step and use the criminal allegations to Trump’s political advantage, putting the final word in the hands of voters instead of jurors. “We always knew that the rich and powerful had an advantage, but I don’t think we would have ever believed that somebody could walk away from everything,” said Stephen Saltzburg, a George Washington University law professor and former Justice Department official. “If there ever was a Teflon defendant, that’s Donald Trump.” While prosecutors left the door open to the possibility that federal charges could be re-filed against Trump after he leaves office, that seems unlikely. Meanwhile, Trump’s presidential victory has thrown into question the future of the two state criminal cases against him in New York and Georgia. Trump was supposed to be sentenced on Tuesday after his conviction on 34 felony counts in his New York hush money case , but it’s possible the sentencing could be delayed until after Trump leaves office, and the defense is pushing to dismiss the case altogether. Smith’s team stressed that their decision to abandon the federal cases was not a reflection of the merit of the charges, but an acknowledgement that they could not move forward under longstanding Justice Department policy that says sitting presidents cannot face criminal prosecution. Trump’s presidential victory set “at odds two fundamental and compelling national interests: On the one hand, the Constitution’s requirement that the President must not be unduly encumbered in fulfilling his weighty responsibilities . . . and on the other hand, the Nation’s commitment to the rule of law,” prosecutors wrote in court papers. The move just weeks after Trump’s victory over Vice President Kamala Harris underscores the immense personal stake Trump had in the campaign in which he turned his legal woes into a political rallying cry. Trump accused prosecutors of bringing the charges in a bid to keep him out of the White House, and he promised revenge on his perceived enemies if he won a second term. “If Donald J. Trump had lost an election, he may very well have spent the rest of his life in prison,” Vice President-elect JD Vance, wrote in a social media post on Monday. “These prosecutions were always political. Now it’s time to ensure what happened to President Trump never happens in this country again.” After the Jan. 6 attack by Trump supporters that left more than 100 police officers injured, Republican leader Mitch McConnell and several other Republicans who voted to acquit Trump during his Senate impeachment trial said it was up to the justice system to hold Trump accountable. The Jan. 6 case brought last year in Washington alleged an increasingly desperate criminal conspiracy to subvert the will of voters after Trump’s 2020 loss, accusing Trump of using the angry mob of supporters that attacked the Capitol as “a tool” in his campaign to pressure then-Vice President Mike Pence and obstruct the certification of Democrat Joe Biden’s victory. Hundreds of Jan. 6 rioters — many of whom have said they felt called to Washington by Trump — have pleaded guilty or been convicted by juries of federal charges at the same courthouse where Trump was supposed to stand trial last year. As the trial date neared, officials at the courthouse that sits within view of the Capitol were busy making plans for the crush of reporters expected to cover the historic case. But Trump’s argument that he enjoyed absolute immunity from prosecution quickly tied up the case in appeals all the way up to the Supreme Court. The high court ruled in July that former presidents have broad immunity from prosecution , and sent the case back to the trial court to decide which allegations could move forward. But the case was dismissed before the trial court could get a chance to do so. Related Articles National Politics | After delay, Trump signs agreement with Biden White House to begin formal transition handoff National Politics | Rudy Giuliani in a courtroom outburst accuses judge in assets case of being unfair, drawing a rebuke National Politics | Surveillance tech advances by Biden could aid in Trump’s promised crackdown on immigration National Politics | Expecting challenges, blue states vow to create ‘firewall’ of abortion protections National Politics | Washington power has shifted. Here’s how the ACA may shift, too The other indictment brought in Florida accused Trump of improperly storing at his Mar-a-Lago estate sensitive documents on nuclear capabilities, enlisting aides and lawyers to help him hide records demanded by investigators and cavalierly showing off a Pentagon “plan of attack” and classified map. But U.S. District Judge Aileen Cannon dismissed the case in July on grounds that Smith was illegally appointed . Smith appealed to the Atlanta-based 11th U.S. Circuit Court of Appeals, but abandoned that appeal on Monday. Smith’s team said it would continue its fight in the appeals court to revive charges against Trump’s two co-defendants because “no principle of temporary immunity applies to them.” In New York, jurors spent weeks last spring hearing evidence in a state case alleging a Trump scheme to illegally influence the 2016 election through a hush money payment to a porn actor who said the two had sex. New York prosecutors recently expressed openness to delaying sentencing until after Trump’s second term, while Trump’s lawyers are fighting to have the conviction dismissed altogether. In Georgia, a trial while Trump is in office seems unlikely in a state case charging him and more than a dozen others with conspiring to overturn his 2020 election loss in the state. The case has been on hold since an appeals court agreed to review whether to remove Fulton County District Attorney Fani Willis over her romantic relationship with the special prosecutor she had hired to lead the case. Associated Press reporter Lisa Mascaro in Washington contributed.A judge on Monday rejected a request to block a San Jose State women's volleyball team member from playing in a conference tournament on grounds that she is transgender. The ruling by U.S. Magistrate Judge S. Kato Crews in Denver will allow the player, who has played all season, to compete in the Mountain West Conference women's championship opening this week in Las Vegas. The ruling comes in a lawsuit filed by nine current players against the Mountain West Conference challenging the league's policies for allowing transgender players to participate. The players argued that letting her compete was a safety risk and unfair. While some media have reported those and other details, neither San Jose State nor the forfeiting teams have confirmed the school has a trans woman volleyball player. The Associated Press is withholding the player's name because she has not commented publicly on her gender identity. School officials also have declined an interview request with the player. People are also reading... Crews' ruling referred to the athlete as an "alleged transgender" player and noted that no defendant disputed that the San Jose State roster includes a transgender woman player. San Jose State will "continue to support its student-athletes and reject discrimination in all forms," the university said in a statement, confirming that all its student-athletes are eligible to participate under NCAA and conference rules. "We are gratified that the Court rejected an eleventh-hour attempt to change those rules. Our team looks forward to competing in the Mountain West volleyball tournament this week." The conference did not immediately respond to an email seeking comment. The players filed a notice for emergency appeal with the 10th U.S. Circuit Court of Appeals. Crews said the players who filed the complaint could have sought relief much earlier, noting the individual universities had acknowledged that not playing their games against San Jose State this season would result in a loss in league standings. He also refused a request to re-seed the tournament without the forfeited losses. The judge said injunctions are meant to preserve the status quo. The conference policy regarding forfeiting for refusing to play against a team with a transgender player had been in effect since 2022 and the San Jose State player has been on the roster since 2022 -– making that the status quo. The player competed at the college level three previous seasons, including two for San Jose State, drawing little attention. This season's awareness of her reported identity led to an uproar among some players, pundits, parents and politicians in a major election year. Crews' ruling also said injunctions are meant to prevent harm, but in this case, he argued, the harm has already occurred. The games have been forfeited, the tournament has been seeded, the teams have made travel plans and the participants have confirmed they're playing. The tournament starts Wednesday and continues Friday and Saturday. Colorado State is seeded first and San Jose State, second. The teams split their regular-season matches and both get byes into Friday's semifinals. San Jose State will play the winner of Wednesday's match between Utah State and Boise State — teams that both forfeited matches to SJSU during the regular season. Boise State associate athletic director Chris Kutz declined to comment on whether the Broncos would play SJSU if they won their first-round tournament game. Utah State officials did not immediately respond to emails seeking comment. The conference tournament winner gets an automatic bid to the NCAA tournament. San Jose State coach Todd Kress, whose team has not competed in the national tournament since 2001, has said his team has been getting "messages of hate" and that has taken a toll on his players. Several teams refused to play against San Jose State during the season, earning losses in the official conference standings. Boise State and Wyoming each had two forfeits while Utah State and Nevada both had one. Southern Utah, a member of the Western Athletic Conference, was first to cancel against San Jose State this year. Nevada's players stated they "refuse to participate in any match that advances injustice against female athletes," without elaborating. Nevada did not qualify for the conference tournament. The nine current players and others now suing the Mountain West Conference, the California State University Board of Trustees and others include San Jose State senior setter and co-captain Brooke Slusser. The teammate Slusser says is transgender hits the volleyball with more force than others on the team, raising fear during practices of suffering concussions from a head hit, the complaint says. The Independent Council on Women's Sports is funding a separate lawsuit against the NCAA for allowing transgender women to compete in women's sports. Both lawsuits claim the landmark 1972 federal antidiscrimination law known as Title IX prohibits transgender women in women's sports. Title IX prohibits sexual discrimination in federally funded education; Slusser is a plaintiff in both lawsuits. Several circuit courts have used a U.S. Supreme Court ruling to conclude that discriminating against someone based on their transgender status or sexual orientation is sex-based discrimination, Crews wrote. That means case law does not prove the "likelihood of success" needed to grant an injunction. An NCAA policy that subjects transgender participation to the rules of sports governing bodies took effect this academic year. USA Volleyball says a trans woman must suppress testosterone for 12 months before competing. The NCAA has not flagged any issues with San Jose State. The Republican governors of Idaho, Nevada, Utah and Wyoming have made public statements in support of the team cancellations, citing fairness in women's sports. President-elect Donald Trump likewise has spoken out against allowing transgender women to compete in women's sports. Crews was a magistrate judge in Colorado's U.S. District Court for more than five years before President Joe Biden appointed him as a federal judge in January. Be the first to know Get local news delivered to your inbox!
A judge on Monday rejected a request to block a San Jose State women's volleyball team member from playing in a conference tournament on grounds that she is transgender. The ruling by U.S. Magistrate Judge S. Kato Crews in Denver will allow the player, who has played all season, to compete in the Mountain West Conference women's championship opening this week in Las Vegas. The ruling comes in a lawsuit filed by nine current players against the Mountain West Conference challenging the league's policies for allowing transgender players to participate. The players argued that letting her compete was a safety risk and unfair. While some media have reported those and other details, neither San Jose State nor the forfeiting teams have confirmed the school has a trans woman volleyball player. The Associated Press is withholding the player's name because she has not commented publicly on her gender identity. School officials also have declined an interview request with the player. People are also reading... Crews' ruling referred to the athlete as an "alleged transgender" player and noted that no defendant disputed that the San Jose State roster includes a transgender woman player. San Jose State will "continue to support its student-athletes and reject discrimination in all forms," the university said in a statement, confirming that all its student-athletes are eligible to participate under NCAA and conference rules. "We are gratified that the Court rejected an eleventh-hour attempt to change those rules. Our team looks forward to competing in the Mountain West volleyball tournament this week." The conference did not immediately respond to an email seeking comment. The players filed a notice for emergency appeal with the 10th U.S. Circuit Court of Appeals. Crews said the players who filed the complaint could have sought relief much earlier, noting the individual universities had acknowledged that not playing their games against San Jose State this season would result in a loss in league standings. He also refused a request to re-seed the tournament without the forfeited losses. The judge said injunctions are meant to preserve the status quo. The conference policy regarding forfeiting for refusing to play against a team with a transgender player had been in effect since 2022 and the San Jose State player has been on the roster since 2022 -– making that the status quo. The player competed at the college level three previous seasons, including two for San Jose State, drawing little attention. This season's awareness of her reported identity led to an uproar among some players, pundits, parents and politicians in a major election year. Crews' ruling also said injunctions are meant to prevent harm, but in this case, he argued, the harm has already occurred. The games have been forfeited, the tournament has been seeded, the teams have made travel plans and the participants have confirmed they're playing. The tournament starts Wednesday and continues Friday and Saturday. Colorado State is seeded first and San Jose State, second. The teams split their regular-season matches and both get byes into Friday's semifinals. San Jose State will play the winner of Wednesday's match between Utah State and Boise State — teams that both forfeited matches to SJSU during the regular season. Boise State associate athletic director Chris Kutz declined to comment on whether the Broncos would play SJSU if they won their first-round tournament game. Utah State officials did not immediately respond to emails seeking comment. The conference tournament winner gets an automatic bid to the NCAA tournament. San Jose State coach Todd Kress, whose team has not competed in the national tournament since 2001, has said his team has been getting "messages of hate" and that has taken a toll on his players. Several teams refused to play against San Jose State during the season, earning losses in the official conference standings. Boise State and Wyoming each had two forfeits while Utah State and Nevada both had one. Southern Utah, a member of the Western Athletic Conference, was first to cancel against San Jose State this year. Nevada's players stated they "refuse to participate in any match that advances injustice against female athletes," without elaborating. Nevada did not qualify for the conference tournament. The nine current players and others now suing the Mountain West Conference, the California State University Board of Trustees and others include San Jose State senior setter and co-captain Brooke Slusser. The teammate Slusser says is transgender hits the volleyball with more force than others on the team, raising fear during practices of suffering concussions from a head hit, the complaint says. The Independent Council on Women's Sports is funding a separate lawsuit against the NCAA for allowing transgender women to compete in women's sports. Both lawsuits claim the landmark 1972 federal antidiscrimination law known as Title IX prohibits transgender women in women's sports. Title IX prohibits sexual discrimination in federally funded education; Slusser is a plaintiff in both lawsuits. Several circuit courts have used a U.S. Supreme Court ruling to conclude that discriminating against someone based on their transgender status or sexual orientation is sex-based discrimination, Crews wrote. That means case law does not prove the "likelihood of success" needed to grant an injunction. An NCAA policy that subjects transgender participation to the rules of sports governing bodies took effect this academic year. USA Volleyball says a trans woman must suppress testosterone for 12 months before competing. The NCAA has not flagged any issues with San Jose State. The Republican governors of Idaho, Nevada, Utah and Wyoming have made public statements in support of the team cancellations, citing fairness in women's sports. President-elect Donald Trump likewise has spoken out against allowing transgender women to compete in women's sports. Crews was a magistrate judge in Colorado's U.S. District Court for more than five years before President Joe Biden appointed him as a federal judge in January. Get local news delivered to your inbox!
By Tara Thorpe and Eleanor Steafel Navigating the pitfalls of the festive season can be tricky – so we've enlisted the help of an etiquette expert to guide us through the do's and don'ts of Christmas . Is it acceptable to propose on Christmas Day? Is it appropriate to serve the wine a guest has given you as a gift ? Readers sent in their Christmas etiquette dilemmas for William Hanson to answer. Here's what he had to say... READ MORE: Royal expert on Harry and Meghan's 'very uncertain and unpredictable future' "The thing is, it's intrinsically linked to money, if you are posting a photograph of 50 presents under the tree or displayed on a sofa, it's showing that you're very lucky and that you've got friends and family who spend money on you. "Whereas, if it's a lump of solitary coal you're posting about, then it's going to be slightly tragic. And actually, Christmas shouldn't be about how many presents you do or don't get. READ MORE: Ingredient hidden in this delicious dish might shock you "I probably wouldn't. However, let's say you gave me a present and you weren't with me on Christmas Day, I can take a photograph and say, 'Love the socks. Thank you so much. Here they are on my feet.'' "Technology can be good, but posting about it on Instagram – no, I don't think so." "In the past, a bottle of wine may have been sufficient, but it was not really correct, Martin so sorry to break it to you that you were committing a social sin. "Chocolates used to be the only thing that were acceptable, or champagne – providing you knew they drank. "Today, wine is fine so long as you don't expect it to be served that evening and if you know they particularly like whatever you've chosen." READ MORE: Secret ingredient that makes this the best Bloody Mary ever "If your own spouse announces this, then it's understandable if you are a bit peeved. "But if it is a friend that is getting divorced, all you can really do is listen and make sympathetic noises. "Each divorce is different, of course, and the circumstances will dictate how much cause for celebration or how much sorrow you need to express. But the best advice is to listen and let the friend talk, if they want to." "A sweet and sticky bone of contention between upper-class and aspirations Britons ...and the rest of the world is the insistence on calling the final course of a meal 'pudding' rather than the globally more commonplace 'dessert'. "My American students will often comment that, to them, a pudding is a type of dessert (cooked in a pudding basin). This may be true in Charleston, but it's de trop in Chelsea. "Although most Britons now will use the words interchangeably , they were once very different. "Puddings were heavy, flour-based staples of working-class kitchens: tasty morsels such as gooey treacle sponge, tart or moreish spotted dick. READ MORE: How a bag of frozen peas could save your dog's life "Desserts were elaborate, sweet confections served at the end of grand dinners in great houses, such as marchpanes, syllabubs and flummeries. "These required greater culinary skill and were presented by aristocratic hosts to denote their status and show off the work of their kitchen staff. "Sugar became cheaper in the 19th century, and with the change from service à la française to the sequential service à la russe , these desserts started to be seen on middle-class dining tables, too. Shock horror! "To maintain some social distinction, the aristocracy added a fruit course at the end of dinner, and called this 'dessert' and anything sweet a 'pudding'." "A question one would only get from a Telegraph reader! I think yes, a fountain pen is preferable. "There is a really old-fashioned rule – we're talking 100 years ago at least – that men would write in black ink and women would write in blue ink. "That's obsolete now and, actually, if you have slightly messy handwriting, like me, blue ink is slightly nicer than black ink, which looks heavier." READ MORE: Gift ideas for the Pilates girlies in your life, according to an instructor "It was originally called a hostess gift. Now it's called a host gift. "If you don't turn up with something, it's now more obvious and it stands out. So, yes, you do turn up with something, but you don't expect to see it again. "If you're hosting, it is your prerogative as to when you open it. It's not a party gift. It's really for you to open at a later date to say thank you for going to this effort of hosting and cooking. "But, if you think what the guest has brought is much better than what you're providing, then it's fine for you to open it." "It depends on what else is happening on the day, if it's just you and your hopefully fiancé then yes, I think that can be quite nice. "The trouble is if you are celebrating with the wider family or a wider group of friends, it makes it all about you. "And actually, Christmas is for everybody. Christmas can already be exciting enough." READ MORE: 95c pantry staple celebrity chef swears by in show-stopping dish "Lots of people tend to eat peas like that, the trouble is, your arms have to come out rather than sitting tucked in close to each other, how they should be. "Imagine a piece of paper is under your arms at all times. "The correct way to eat peas in Britain is to push them onto the fork so the elbows stay in. "Or, if you've got mashed potato or roast potato, then you can use these like glue, which helps." "Celia, don't say it's pathetic, because it's a very interesting question. I've spent my life thinking about how to eat lettuce correctly. "Historically, you would eat with just a fork, but that was when salads were not the salads they are today. "It wasn't tuna nicoise, caesar or cobb salad. It was lettuce torn up in the kitchen by hand into tiny, postage stamp sized pieces. For a daily dose of 9honey, subscribe to our newsletter here . "It was an accompaniment as opposed to an entire course. Knife blades would often corrode with lettuce – and also fish. The same reason why you would just use a fork with fish. "Still some people insist on eating salad with just a fork. That's fine for a classic French salad, but for big American-style salads, you should use a knife and fork. Knife blades are now stainless steel in most instances, so they don't corrode when they touch lettuce. "So you would eat salad exactly how you eat anything else." "In the olden days, it was a lot easier because people just used to die, whereas now they have to let you know in advance, which is fair enough. "A death on Christmas Day would just ruin it. "If you've got a relatively standard dietary requirement – vegetarian, gluten-free or an intolerance to something – then I think that's quite easy for a host to accommodate with advance notice. "If, however, you've got three or four quite specific dietary requirements or allergies , then I would advise suggesting to bring something that you can stick in the microwave or oven to reheat." "Before, because then you can eat the Christmas meal with the paper hat on." "...If you're doing it at the end, then you can only wear the hat for about 30 seconds until you stand up and it falls off. "You must do it quickly though, because you've been served hot food. I suggest reading the joke out to the table during the meal when everyone gets going. "You don't want to wait for the entire table to go around doing their joke while the turkey is getting cold. Very boring." © Telegraph Media Group Limited 2024 FOLLOW US ON WHATSAPP HERE : Stay across all the latest in celebrity, lifestyle and opinion via our WhatsApp channel. No comments, no algorithm and nobody can see your private details.
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TeraWulf Announces Promotion of Sean Farrell to Chief Operating OfficerSAN DIEGO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Wolfspeed, Inc. WOLF securities between August 16, 2023 and November 6, 2024. Wolfspeed is a global semiconductor company focused on silicon carbide materials and the fabrication of devices for power applications. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Wolfspeed, Inc (WOLF) Misled Investors Regarding its Revenue Projections According to the complaint, defendants provided the public with revenue projections that depended on the Mohawk Valley fabrication facility ramping its production to meet and/or exceed demand for its 200mm wafer product. Defendants provided these overwhelmingly positive statements to investors while, at the same time, concealing material adverse facts concerning the true state of Wolfspeed's growth potential and, in particular, the operational status and profitability of the Mohawk Valley fabrication facility. First, to meet its publicly stated projections, the Company would have to cancel or otherwise indefinitely suspend planned future projects such as the facility in Saarland, Germany. Second, the Company would have to terminate a significant portion of its workforce (approximately 20%) and shutter the Durham fabrication facility. Plaintiff alleges that on November 6, 2024, Wolfspeed announced its financial results for the first quarter of fiscal year 2025 and unveiled guidance for the second quarter well below expectations. While defendants had repeatedly claimed that 20% utilization of the Mohawk Valley fabrication facility would result in $100 million revenue out of the facility, defendants now guided to a range 30% to 50% below that mark. The Company attributed its results and lowered guidance to "demand ... ramp[ing] more slowly than we originally anticipated" as "EV customers revise their launch time lines as the market works though this transition period." On this news, Wolfspeed's stock price fell from $13.71 per share on November 6, 2024, to $8.33 per share on November 7, 2024, a decline of about 39.24%. What Now : You may be eligible to participate in the class action against Wolfspeed, Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by January 17, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP : Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Wolfspeed, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. Contact: Aaron Dumas, Jr. Robbins LLP 5060 Shoreham Pl., Ste. 300 San Diego, CA 92122 adumas@robbinsllp.com (800) 350-6003 www.robbinsllp.com https://www.facebook.com/RobbinsLLP/ https://www.linkedin.com/company/robbins-llp/ A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6e2a3cda-6c15-4240-9c27-2fcf37e35629 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Deal on Elgin Marbles ‘still some distance’ away, says George OsborneChandigarh: Punjab CM Bhagwant Mann condemned the attack on SAD leader Sukhbir Singh Badal, saying he has instructed the police to conduct an in-depth probe. Mann posted on X, “Punjab Police today prevented a major incident from happening. Due to the alertness of Punjab Police, the conspiracy to defame Punjab and Punjabis has been foiled. The police have achieved great success by arresting the attacker on the spot. I appreciate the diligence of the police and strongly condemn the attack on Sukhbir Badal ji.” Speaking to media on the sidelines of an event in Mohali, Mann added, “I am in continuous touch with DGP and senior police officers in Amritsar... There will be an impartial probe and strict punishment will be given to the guilty.... I congratulate the 3-4 police personnel in plain clothes.” The CM said devotees cannot be frisked because religious feelings are involved. It is an unfortunate event, that too in Guru Ki Nagri. “The alertness of Punjab police helped avert a big incident.” AAP senior spokesperson Malvinder Singh Kang too said his party condemned the attack. tnn We also published the following articles recently 'Bhagwant Mann, Arvind Kejriwal directly responsible': Opposition on Sukhbir Singh Badal shooting incident A man opened fire at Shiromani Akali Dal leader Sukhbir Singh Badal at the Golden Temple in Amritsar, sparking condemnation and raising security concerns. Opposition leaders blamed the AAP government for the lapse in security, while Punjab CM Bhagwant Mann called it a conspiracy to defame the state. Punjab polices swift action prevented untoward incident: AAP The Aam Aadmi Party (AAP) lauded the Punjab Police for their swift response in thwarting an attack on former Deputy CM Sukhbir Singh Badal. AAP spokesperson Neel Garg praised the officers' vigilance, highlighting their quick apprehension of the attacker. Three officers, Raspal Singh, Jasbir Singh, and Parminder Singh, were specifically recognized for their actions. Attack on former Punjab deputy CM Sukhbir Singh Badal shows rise of radical fringe A pro-Khalistan extremist attempted to assassinate Shiromani Akali Dal chief Sukhbir Singh Badal outside the Golden Temple. An alert police officer and a volunteer thwarted the attack, pushing the gunman's hand as he fired. Badal was unharmed. The incident highlights rising radical extremism within the Sikh diaspora, fueled by online propaganda and support from Pakistan-based terrorist groups. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .
Arkansas receiver Andrew Armstrong said Tuesday that he is entering the NFL Draft. Later in the day, a school spokesman told reporters that Armstrong will skip the Razorbacks' bowl game. The destination isn't yet known. Armstrong led the Southeastern Conference in both receptions (78) and receiving yards (1,140) but caught just one touchdown in 11 games this season. His catches and yardage were both second-most in Arkansas history behind Cobi Hamilton, who had 90 receptions for 1,335 yards in 2012. "It's been a journey for the books and I wouldn't trade it for anything because it has made me into the man I am today," Armstrong said of his Razorbacks tenure in a social media post. "... I will never forget all the moments that were shared here in Fayetteville." Armstrong played two seasons at Texas A&M-Commerce before transferring to Arkansas ahead of the 2023 season. In two seasons with the Razorbacks, he caught 134 passes for 1,904 yards and six scores. --Field Level Media