Ontario NDP calls on Ford government to end unfair ticket sale practicesFaruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In PACS Group To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in PACS Group between (a) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s April 11, 2024 initial public offering (“IPO” or the “Offering”); and/or (b) all persons and entities that purchased or otherwise acquired PACS common stock pursuant, or traceable, or both, to the SPO Materials (as defined herein) issued in connection with PACS’ September 2024 secondary public offering (the “SPO”); and/or (c) securities between April 11, 2024 and November 5, 2024 inclusive (the “Class Period”) and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP , a leading national securities law firm, is investigating potential claims against PACS Group, Inc. (“PACS Group” or the “Company”) (NYSE: PACS) and reminds investors of the January 13, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com . As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that the Company engaged in a “scheme” to submit false Medicare claims which “drove more than 100% of PACS’ operating and net income from 2020 – 2023”; (2) that the Company engaged in a “scheme” to “bill thousands of unnecessary respiratory and sensory integration therapies to Medicare”; (3) that the Company engaged in a scheme to falsify documentation related to licensure and staffing; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On April 11, 2024, PACS Group conducted its IPO, selling 21,428,572 shares of common stock at a price of $21.00 per share, received net proceeds of approximately $450 million. On September 3, 2024, PACS filed with the SEC a registration statement for a secondary offering on Form S-1 (the “SPO Registration Statement”). On September 6, 2024, PACS filed with the SEC a prospectus for the SPO on Form 424B4, which formed part of the SPO Registration Statement (the “SPO Prospectus” and together with the SPO Registration Statement and attendant materials filed or published with these forms, the “SPO Materials.” PACS issued 2,777,778 shares of common stock at $36.25 per share for proceeds of $100.7 million to the Company. Through the SPO, PACS insiders also sold 16,256,704 shares of common stock at $36.25 per share for proceeds of $589.3 million. On November 4, 2024, Hindenburg Research published a report based on a 5-month investigation that included interviews with 18 former PACS Group employees, competitors, and an analysis of more than 900 PACS facility cost reports. The report alleged the Company had “abused a COVID-era waiver” in a “scheme” that involved falsely submitting false Medicare claims which “drove more than 100% of PACS’ operating and net income from 2020 – 2023, enabling PACS to IPO in early 2024 with the illusion of legitimate growth and profitability.” The report further alleged the Company engaged in a scheme to maintain revenue by “bill[ing] thousands of unnecessary respiratory and sensory integration therapies to Medicare Part B regardless of clinical need or outcomes.” The report also alleged a widespread practice of falsifying documentation, including by engaging in a “scheme whereby PACS attempts to fool regulators by ‘renting’ licenses from third parties to ‘hang’ on buildings” and then “either employs unlicensed administrators or has administrators manage multiple buildings in excess of state mandated limits.” Similarly, the report alleges the Company engaged in a scheme related to licensure and staffing of nurses, whereby “PACS secretly lists uncertified nurse aides (NAs) as certified in the system, in an apparent scheme to cheat staffing ratios” and “retroactively add fake RN hours” in order “to meet minimum staffing requirements, boost star ratings, and avoid costly penalties.” On this news, the Company’s share price fell $11.93 or 27.78%, to close at $31.01 per share on November 4, 2024, on unusually heavy trading volume. Then, on November 6, 2024, before the market opened, the Company announced that it would postpone its fiscal third quarter 2024 earnings release. The Company further disclosed it had “received civil investigative demands from the federal government regarding the Company’s reimbursement and referral practices that may or may not be related to this week’s third-party report.” On this news, the Company’s share price fell $11.45 or 38.76%, to close at $18.09 per share on November 6, 2024, on unusually heavy trading volume. By the commencement of this action, PACS Group stock has traded as low as $18.09 per share, a more than 13.9% decline from the $21 per share IPO price. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding PACS Group’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the PACS Group class action, go to www.faruqilaw.com/PACS or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn , on X , or on Facebook . Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5e848124-9c14-4bab-ba13-256ecec0c433
Raiders confirm QB Gardner Minshew out for season, look to Aidan O'ConnellLarge fossil fuel companies would have to pay fees to help New York fight the effects of climate change under a bill signed Thursday by Gov. Kathy Hochul. The new law requires companies responsible for substantial greenhouse gas emissions to pay into a state fund for infrastructure projects meant to repair or avoid future damage from climate change. Lawmakers approved the bill earlier this year to force big oil and gas companies to contribute to the cost of repairs after extreme weather events and resiliency projects such as coastal wetland restoration and upgrades to roads, bridges and water drainage systems. “The Climate Change Superfund Act is now law, and New York has fired a shot that will be heard round the world: the companies most responsible for the climate crisis will be held accountable," said state Sen. Liz Krueger, a Democrat who sponsored the bill. “The planet’s largest climate polluters bear a unique responsibility for creating the climate crisis, and they must pay their fair share to help regular New Yorkers deal with the consequences,” Krueger said. The biggest emitters of greenhouse gases between 2000 and 2018 would be subjected to the fines. The law won't start penalizing companies immediately. Instead, the state must come up with rules on how to identify responsible parties, notify companies of the fines and create a system to determine which infrastructure projects will be paid for by the fund. Legal challenges are expected. “This type of legislation represents nothing more than a punitive new fee on American energy, and we are evaluating our options moving forward,” the American Petroleum Institute, the oil industry’s top lobbying group, said in a statement. New York's governor signed the measure months after Vermont put a similar law in place.
AusperBio Secures $73 Million in Series B Financing to Advance Functional Cure for Chronic Hepatitis BTechnology stocks led a broad rally on Wall Street Tuesday during a holiday-shortened trading session ahead of Christmas. The S&P 500 rose 1.1% for its third-straight gain. The Dow Jones Industrial Average added 0.9%, and the tech-heavy Nasdaq composite climbed 1.3%. While Big Tech companies, including Apple, Amazon and chip company Broadcom helped push the market higher, the gains were widespread. Advancers outnumbered decliners by more than 3-to-1 on the New York Stock Exchange. Broadcom rose 3.2%, Apple gained 1.1% and Amazon closed 1.8% higher. Super Micro Computer climbed 6%. Tesla jumped 7.4% for the biggest gains among S&P 500 stocks. American Airlines shook off an early loss and ended with a 0.6% gain after the airline briefly grounded flights nationwide due to a technical issue. Elsewhere in the market, U.S. Steel rose 1.9% a day after an influential government panel failed to reach consensus on the possible national security risks of the nearly $15 billion proposed sale to Nippon Steel of Japan. NeueHealth surged 74.9% after the health care company agreed to be taken private in a deal valued at roughly $1.3 billion. All told, the S&P 500 rose 65.97 points to 6,040.04. The Dow added 390.08 points to 43,297.03, and the Nasdaq rose 266.24 points to 20,031.13. Treasury yields held steady in the bond market. The yield on the 10-year Treasury was little changed at 4.59%. European markets closed mostly higher. Markets in Asia mostly gained ground. Tuesday’s U.S. market rally comes as the stock market enters what’s historically been a very cheerful season. The last five trading days of each year, plus the first two in the new year, have brought an average gain of 1.3% since 1950. The so-called “Santa rally” also correlates closely with positive returns in January and the upcoming year. So far this month, the U.S. stock market has lost some of its gains since President-elect Donald Trump’s win on Election Day, which raised hopes for faster economic growth and more lax regulations that would boost corporate profits. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Even so, the stock market remains on pace to deliver strong returns for 2024. The benchmark S&P 500 is up 26.6% so far this year and remains within roughly 1% of the all-time high it set earlier this month — its latest of 57 record highs this year. U.S. markets will be closed Wednesday for Christmas. Wall Street has several economic reports to look forward to this week, including a weekly update on unemployment benefits on Thursday.
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Flashback documentary explores the Edmonton dance club that changed AlbertaSameer Rizvi is all set to play for the Delhi Capitals in the IPL 2025 edition. This will be the second edition for Sameer Rizvi after debuting in IPL 2024. He has scored 51 runs as of now after playing eight matches in the IPL. Delhi Capitals sealed the deal for INR 95 lakh in the IPL 2025 mega auction. IPL 2025 Mega Auction Day 1 Live Updates: Naman Dhir Goes to Mumbai Indians for INR 5.25 Crore. Sameer Rizvi goes to @DelhiCapitals for INR 95 Lakh 👌👌 #TATAIPLAuction | #TATAIPL — IndianPremierLeague (@IPL) November 24, 2024 (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)
AP Business SummaryBrief at 3:11 p.m. ESTNEW YORK , Dec. 24, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of all purchasers of common stock of MGP Ingredients, Inc. (NASDAQ: MGPI) between May 4, 2023 and October 30, 2024 . A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 14, 2025 . So what: If you purchased MGPI common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the MGPI class action, go to https://rosenlegal.com/submit-form/?case_id=9167 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 14, 2025 . A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements, and failed to disclose material adverse facts about MGPI's business, operations, and prospects. Specifically, defendants repeatedly touted a strong demand and "normal" inventory levels in brown goods (i.e., American whiskies and tequila), when in fact there had been a slowdown in consumption and oversupply in their products. Worse, defendants had assured investors that they were positioned differently than their competitors, and that this was a non-issue, because MGPI had already taken steps to mitigate the risk, when in fact it had not. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the MGPI class action, go to https://rosenlegal.com/submit-form/?case_id=9167 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/mgpi-investors-have-opportunity-to-lead-mgp-ingredients-inc-securities-fraud-lawsuit-302338947.html SOURCE THE ROSEN LAW FIRM, P. A.
Ackroo to be acquired by fellow payments processor Paystone for $21 millionA general election candidate has said the Social Democrats' plans for a €10 million fund to bring Palestinian children to Ireland for medical treatment is a natural continuation of the solidarity Ireland has shown to Gaza. The €10 million fund to bring Palestinian children to Ireland would be for education, cultural exchanges and medical treatment. Advertisement The proposal is contained in the party’s ‘Positive Neutrality’ policy document, which was launched by foreign affairs spokesperson Gary Gannon, and Patricia Stephenson, the Social Democrats general election candidate in Carlow-Kilkenny. The policy highlights how, in government, the party would allocate €10 million to fund and facilitate grassroots community initiatives to bring Palestinian children and young people to Ireland for education, cultural exchange, and/or specific medical treatments. As part of this same scheme, there would be an exchange programme for Palestinian public servants to be mentored in Ireland, including sponsored attendance at the Institute of Public Administration. Ms Stephenson told BreakingNews.ie: "The context of what's happening in Gaza is so extreme, that to give humanitarian aid in situ when there aren't medical centres operating anymore and all those challenges, this plan is an action of solidarity within that context. Advertisement "Over the last 1,000 days of the war in Ukraine, the support people across Ireland have given to Ukrainians has been remarkable. These would be short-term schemes. A lot of them are children and young people who would come for specific training programmes and medical support. I know there are huge challenges around housing and the healthcare system, but these would be targeted to those most in need." Ms Stephenson said a lot of Irish people want to do more to support Palestinians who are being subjected to "unimaginable horrors" as a result of the Israel-Hamas war. People have expressed so much solidarity with the Palestinian people, and I think there are a lot of people who want us to do more. Advertisement "I think it's really important for solidarity, it's in line with what we do in humanitarian aid anyway. It's a different modality in bringing people here, but it's in line with our 2030 sustainable development goals, our commitment to tackling global injustices. "I think it fits with the spirit of Ireland. People have expressed so much solidarity with the Palestinian people, and I think there are a lot of people who want us to do more. This would be an example of doing more." Six months ago, Ms Stephenson met with Raji Sourani, director of the Palestinian Centre for Human Rights. She said he noted Ireland's solidarity, but also said any help possible would be welcomed. Advertisement "I know it's hard to understand what that [solidarity] does for people in Palestine. We've seen the horror on our phones, but international solidarity helps people to keep going under this horrible oppression, and it is having an impact. He also said you can do more, you can pass the Occupied Territories Bill. This would be a further step to support those children who are facing unimaginable trauma. "We're in favour of the Occupied Territories Bill." The proposal is contained in the party’s ‘Positive Neutrality’ policy document, which was launched by foreign affairs spokesperson Gary Gannon, and Patricia Stephenson, the Social Democrats general election candidate in Carlow-Kilkenny. The policy also includes additional funding for the Defence Forces, and legislation that would mean any significant changes to Ireland's neutrality would be put before a Citizen's Assembly and possibly a referendum. Advertisement It also pledges to stop the transfer of military equipment through Ireland bound for war zones. "The protests in Shannon have been large. I don't think anyone in Ireland is behind participating, in any way, in the delivery of military equipment to Israel. We're furious it has been done, and it puts our stance on neutrality into question. "In terms of Gaza, people are concerned about weapons being flown over the country. That is an active conversation that comes up regularly when I'm canvassing, brought up by people on their own volition."
Ryan Clark has had enough of Aaron Rodgers. He made it crystal clear with his appearance on ESPN's First Take . To understand Clark's reaction to Rodgers, you have to go back a couple days to Rodgers appearance on The Pat McAfee show. The New York Jets quarterback took shots at ESPN and their personalities for their "unfounded or asinine" takes and that "both non-former players and former players who are definitely trying to stay relevant fame-wise" will say and do just about anything to be in the spotlight. He talked about how ESPN and SportsCenter are now trying to make their on-air talent the stars of their programming and content, instead of the actual athletes and game highlights. Clark took issue to what Rodgers said and went on a rant to call out the four-time MVP for his hypocritical stance. “I find it extremely funny that he’s saying this on a show with a man, who as great as he was as a punter, is far more famous as a pundit in Pat McAfee,” Clark said. “A.J. Hawk, who I felt like was a good player, is now on TV, and he gets to give his thoughts as well. Actually, Aaron Rodgers , you’re being paid to be on that show to give your thoughts and opinions as a personality." Clark wanted to note, that he is separating Aaron Rodgers the football player, and what he's accomplished, versus what he is now, and how Rodgers simply isn't comfortable taking the criticism. “And don’t get me wrong," Clark said. "He is not just to me a first ballot Hall of Famer, he is one of the best and most talented quarterbacks to ever play this game — and he ain’t no more. "And his problem is, is that people are willing to say it. Are people not supposed to be able to do their jobs and do their jobs in an unbiased way and be honest about who you are as a player, because you feel like you had a better career than them?” “For you to sit up there and say that there are these people who feel like they have now become the celebrity, or they have now become the superstar, or the SportsCenter of old is gone — yeah, bruh because time’s changed,” Clark said. “The reason that they’re paying you a million dollars or whatever it is to be on Pat McAfee is you had a great career, and people are going to listen to your opinions." Clark made clear where he stands with Rodgers and what his biggest problem is. "My issue with him is you’re doing the exact same thing. And the reason you’re getting this opportunity to say these asinine things is because someone is paying you who is exactly the same thing that you’re now speaking out against.” It has been reported and confirmed that McAfee pays Rodgers for his weekly appearance on McAfee's show. A show that Rodgers conveniently left out when he went on his rant. “This dude is once again tone-deaf,” Clark continued. “This dude is once again unaware. "This dude is once again arrogant to a point that’s almost sickening because he says these things, and he talks tough, and he behaves in his way, but he ain’t. "He has all of this cache because he’s a good player, but they ain’t people around here that come around and talk about what type of leader you are. "They ain’t people that come around here that talk about wanting to follow you because of the type of man you have been. “This dude is a fraud. He’s been a fraud. He can throw a football, and that’s where it stops. Once that talent ends, so does him — and so does he. "And to sit up there, man, and to be just blatantly hypocritical is funny and sickening at the same time.” Clark didn't hold back. Not one iota. He let his feelings and thoughts be heard, and brought up valid points. Rodgers is one of the most polarizing figures in all of professional sports, so when he speaks, people will pay attention. Whether they agree or not, is a different story. Clark proved that today.