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The Academic Staff Union of Universities (ASUU), Bamidele Olumilua University of Education, Science and Technology, Ikere Ekiti (BOUESTI) Chapter, has immortalized a former Governing Council member of the institution, the late Pastor Olumide Frederick Akinrotohun, in recognition of his sacrifices for the staff while in service. The Union has named its Cooperative Building after the late don in recognition of his integrity in service, selflessness, empathy and commitment to the welfare of the staff while occupying various key positions in the old College of Education, Ikere Ekiti which was later upgraded to a university. The decision was announced at a funeral service held in honour of the deceased yesterday at the Gospel Faith Mission International (GOFAMINT), Chapel of Mercy, Atosin, Idanre, Ondo State which was attended by distinguished personalities from all walks of life. Prof Oke Ajogbeje, who led the staff to lay wreath on the casket and pay tributes to their departed former colleague said the union decided to immortalize the late Akinrotohun for displaying uncommon integrity in managing the cooperative funds and supervising equitable disbursement to members. The GOFAMINT Assistant General Overseer (Church Growth), Pastor Peter Olaoluwa Oludimila, said the church is proud of the late Pastor Akinrotohun for making a great impact and being a great ambassador of the church in different sectors of life. Ajogbeje said even after Akinrotohun had retired from service, the staff unanimously decided to keep him as the chairman of the cooperative body and was never found wanting in the discharge of his responsibilities. He said: “This great man served the staff of BOUESTI immensely and sacrificially, he touched our lives and we are here to celebrate his legacy. We have decided to immortalize him by naming our Cooperative Building after him. It will henceforth be known as Olumide Frederick Akinrotohun Cooperative Building.” The Alade, Idanre-born academic served as the Chairman of Academic Staff Cooperative Multipurpose Society and former President of the Cooperative Society, College of Education, Ikere Ekiti. Other key positions held by the deceased included Dean, Students Affairs; Chairman, Students Disciplinary Committee; Chairman, Examination Malpractice Committee, Head of Department at various times and the Chaplain of the institution until his death on 17th August, 2024. There were tributes from the senior ministers in GOFAMINT where the deceased retired as a District Pastor, old students of Aquinas College, Akure, his alma mater and children of the church who saw him as a father figure and his kinsmen who trooped out in their numbers to pay their last respect. Pastor Oludimila in his sermon at the funeral service titled “The Day of Harvest,” urged the congregation to always be prepared for a day their Creator will harvest their souls from this present world “as everybody will leave at the appointed time.” The clergyman charged his audience to utilize the opportunity of being alive to make amends, repent from their sins and make a decision to commit the rest of their lives to holiness, righteousness, purity and service of God to be part of His kingdom. “With each step we take in life, we move nearer to our graves; there is just a step between life and death. That is why w must make a decision to be committed o God because the day of the Lord will come like a thief in the night,” Oludimila said. The mortal remains of the late Pastor Akinrotohun were committed to mother earth during the interment presided over by the Regional Pastor for GOFAMINT Region 10, Pastor Clement Ojo Abe.Pathstone Holdings LLC reduced its holdings in shares of FactSet Research Systems Inc. ( NYSE:FDS – Free Report ) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,118 shares of the business services provider’s stock after selling 146 shares during the quarter. Pathstone Holdings LLC’s holdings in FactSet Research Systems were worth $3,733,000 at the end of the most recent quarter. Several other large investors also recently made changes to their positions in the business. Gabelli Funds LLC boosted its position in FactSet Research Systems by 16.7% during the 1st quarter. Gabelli Funds LLC now owns 700 shares of the business services provider’s stock worth $318,000 after purchasing an additional 100 shares during the period. Kennedy Capital Management LLC lifted its stake in shares of FactSet Research Systems by 10.8% during the first quarter. Kennedy Capital Management LLC now owns 26,856 shares of the business services provider’s stock worth $12,203,000 after purchasing an additional 2,622 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of FactSet Research Systems by 53.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 744 shares of the business services provider’s stock worth $325,000 after buying an additional 258 shares during the period. Tidal Investments LLC grew its stake in shares of FactSet Research Systems by 225.1% in the first quarter. Tidal Investments LLC now owns 2,344 shares of the business services provider’s stock valued at $1,065,000 after buying an additional 1,623 shares in the last quarter. Finally, Hancock Whitney Corp raised its holdings in shares of FactSet Research Systems by 3.0% during the 1st quarter. Hancock Whitney Corp now owns 28,646 shares of the business services provider’s stock valued at $13,016,000 after buying an additional 828 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock. Insider Buying and Selling In other news, CEO Frederick Philip Snow sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $416.59, for a total transaction of $1,249,770.00. Following the completion of the transaction, the chief executive officer now owns 12,915 shares in the company, valued at approximately $5,380,259.85. This represents a 18.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, insider John Costigan sold 1,622 shares of FactSet Research Systems stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $481.00, for a total transaction of $780,182.00. Following the completion of the sale, the insider now owns 299 shares in the company, valued at approximately $143,819. This represents a 84.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 26,984 shares of company stock worth $12,230,877 in the last three months. 1.10% of the stock is owned by insiders. Wall Street Analysts Forecast Growth Read Our Latest Report on FDS FactSet Research Systems Stock Up 0.4 % Shares of NYSE:FDS opened at $487.62 on Friday. The company’s fifty day moving average is $466.05 and its two-hundred day moving average is $435.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.25. FactSet Research Systems Inc. has a 1-year low of $391.84 and a 1-year high of $499.87. The stock has a market capitalization of $18.52 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75. FactSet Research Systems ( NYSE:FDS – Get Free Report ) last released its quarterly earnings data on Thursday, September 19th. The business services provider reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.12. FactSet Research Systems had a net margin of 24.38% and a return on equity of 34.77%. The firm had revenue of $562.20 million for the quarter, compared to analyst estimates of $547.06 million. During the same quarter in the prior year, the business earned $2.93 earnings per share. FactSet Research Systems’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts anticipate that FactSet Research Systems Inc. will post 17.2 EPS for the current year. FactSet Research Systems Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 29th will be given a dividend of $1.04 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $4.16 dividend on an annualized basis and a yield of 0.85%. FactSet Research Systems’s dividend payout ratio is currently 29.93%. FactSet Research Systems Company Profile ( Free Report ) FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth. Further Reading Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter .
SHENZHEN, 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 IPArkansas 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 MediaAP Trending SummaryBrief at 1:56 p.m. EST