by tyler | Oct 2, 2023 | Press Article
LOS ANGELES, Oct. 2, 2023 /PRNewswire/ — Glancy Prongay & Murray LLP (“GPM”) announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW, PACWP).
Class Period: February 28, 2022 – May 3, 2023
Lead Plaintiff Deadline: November 10, 2023
If you wish to serve as lead plaintiff of the PacWest lawsuit, you can submit your contact information at www.glancylaw.com/cases/PacWest-Bancorp/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) PacWest had understated the impact of interest rate hikes on PWB, a smaller bank with excessive concentration in specific industries; (2) accordingly, the Company had overstated the stability and/or sustainability of its deposit base; (3) as a result, PacWest was exceptionally vulnerable to excessive deposit flows and/or a liquidity crisis; and (4) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
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To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
SOURCE Glancy Prongay & Murray LLP
by tyler | Oct 2, 2023 | Press Article
CHICAGO, Oct. 2, 2023 /PRNewswire/ — Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, announced today its acquisition of Norlen Incorporated (“Norlen”), a full-service metal fabricator based in Schofield, Wisconsin. Norlen provides stamping, machining, painting, and additional value-added fabrication services to industries including agriculture, HVAC, and defense.
“Norlen’s extensive processing capabilities provide additional opportunities for Ryerson to grow our value-added business in the Midwest and beyond,” said Jeff Redfield, Ryerson’s President, North Region. “This acquisition will enable us to recognize synergies in supply and strengthen our network of service centers with greater in-house fabrication offerings for customers.”
Corey Suthers, Norlen Vice President, stated, “Norlen has worked diligently since 1964 to expand its services to provide comprehensive metal solutions for manufacturers. We look forward to continuing to serve customers with the latest technologies as a member of the Ryerson Family of Companies.”
About Ryerson
Ryerson is a leading value-added processor and distributor of industrial metals, with operations in the United States, Canada, Mexico, and China. Founded in 1842, Ryerson has around 4,300 employees in approximately 100 locations. Visit Ryerson at www.ryerson.com.
Safe Harbor Provision
Certain statements made in this presentation and other written or oral statements made by or on behalf of the Company constitute “forward-looking statements” within the meaning of the federal securities laws, including statements regarding our future performance, as well as management’s expectations, beliefs, intentions, plans, estimates, objectives, or projections relating to the future. Such statements can be identified by the use of forward-looking terminology such as “objectives,” “goals,” “preliminary,” “range,” “believes,” “expects,” “may,” “estimates,” “will,” “should,” “plans,” or “anticipates” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. The Company cautions that any such forward-looking statements are not guarantees of future performance and may involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of various factors. Among the factors that significantly impact our business are: the cyclicality of our business; the highly competitive, volatile, and fragmented metals industry in which we operate; the impact of geopolitical events, including Russia’s invasion of Ukraine and global trade sanctions; fluctuating metal prices; our indebtedness and the covenants in instruments governing such indebtedness; the integration of acquired operations; regulatory and other operational risks associated with our operations located inside and outside of the United States; the ownership of a significant portion of our equity securities by a single investor group; work stoppages; obligations under certain employee retirement benefit plans; currency fluctuations; and consolidation in the metals industry. Forward-looking statements should, therefore, be considered in light of various factors, including those set forth above and those set forth under “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2022, our quarterly report on Form 10-Q for the quarter ended June 30, 2023, and in our other filings with the Securities and Exchange Commission. Moreover, we caution against placing undue reliance on these statements, which speak only as of the date they were made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events or circumstances, new information or otherwise.
SOURCE Ryerson Holding Corporation
by tyler | Oct 2, 2023 | Press Article
FAIRFIELD, N.J., 2. Okt. 2023 /PRNewswire/ — Vela Diagnostics gab heute eine Forschungskooperation mit SRL Inc. bekannt, einem führenden japanischen Gesundheitsdienstleistungsunternehmen. Ziel dieser Partnerschaft ist es, den Vertrieb der hochmodernen molekulardiagnostischen Lösungen von Vela Diagnostics in Japan zu erleichtern.
SRL Inc (eine Tochtergesellschaft der H.U Group Holdings Inc.) wurde 1970 gegründet und ist ein renommiertes Unternehmen für klinische Labortests in Japan mit über 80 landesweiten Geschäftsstandorten. SRL Inc ist auf komplexe Tests spezialisiert und bedient renommierte Kunden mit diagnostischen Lösungen für Krankheiten, Behandlungsplanung, Überwachung der Prognose nach der Behandlung und Gesundheitsuntersuchungen.
Die Forschungskooperationsvereinbarung (RCA) zwischen Vela Diagnostics und SRL Inc. wurde im Juni 2023 unterzeichnet und markiert einen wichtigen Meilenstein in ihrem gemeinsamen Engagement für die Weiterentwicklung von Gesundheitslösungen in Japan. Vela Diagnostics möchte das umfassende Vertriebsnetz und die Marktkenntnisse von SRL Inc nutzen, um dem Unternehmen die Einführung seines Sentosa® SQ HIV-1-Genotypisierungs-Assay-Kits in japanischen Gesundheits- und Diagnoseeinrichtungen zu ermöglichen.
Dr. Tony Zhang, Leiter Forschung und Entwicklung bei Vela Diagnostics, gibt an, dass SRL Inc mit Machbarkeitsstudien für das Sentosa® SQ HIV-1 Genotyping Assay Kit begonnen hat. „Das Sentosa® SQ HIV-1 Genotyping Assay ist VELAs führende Lösung für die automatisierte Next-Generation Sequencing (NGS) von HIV-1 und erhielt 2019 den DeNovo-Status der FDA”, erklärte Dr. Zhang. „Mit seiner geringeren praktischen Zeit und der verbesserten Durchlaufzeit im Vergleich zu anderen Kits auf dem Markt kombiniert der Assay die Effizienz von NGS-Techniken mit einer einzigartigen Empfindlichkeit gegenüber Mutationen in drei wichtigen Wirkstoffzielen. Es liefert wichtige Einblicke in das Arzneimittelresistenzprofil des Virus und könnte die HIV-Tests in Japan revolutionieren.”
„Wir freuen uns sehr über die Partnerschaft mit SRL Inc”, sagte Sam Dajani, CEO von Vela Diagnostics. „Japan bietet enorme Möglichkeiten und wir sind zuversichtlich, dass das umfangreiche Netzwerk und die Fachkompetenz von SRL Inc unsere Fähigkeit verbessern werden, innovative Produkte für Patienten und Gesundheitsdienstleister in der Region bereitzustellen. Wir stellen uns vor, dass Japan dem globalen Netzwerk von HIV-Anbietern beitritt, die die NGS-Testkits von Vela Diagnostics nutzen und Nord- und Südamerika, Afrika, Europa, den Nahen Osten, Südostasien und Australien umfassen. Gemeinsam mit SRL Inc erwarten wir eine fruchtbare Partnerschaft, die die Patientenergebnisse verbessern und zum globalen Kampf gegen HIV beitragen wird.”
Informationen zu Vela Diagnostics
Vela Diagnostics ist ein führender Anbieter für integrierte IVD-Systemlösungen, von der Probe bis zum Ergebnis. Die Testlösungen von VELA nutzen die automatisierte Sentosa Plattform und bieten die einzigartige Möglichkeit, ein System für NGS- und PCR-Tests in den Bereichen Infektionskrankheiten und Onkologie zu nutzen.
© 2023 Vela Diagnostics Holding Pte Ltd. Alle Rechte vorbehalten. Sentosa® ist eine eingetragene Marke von Vela Diagnostics Holding Pte Ltd außerhalb Singapurs in mehreren Märkten, darunter den USA, der EU, der Volksrepublik China und dem Vereinigten Königreich. Alle oben aufgeführten Sentosa Produkte sind von Vela Diagnostics.
SOURCE Vela Diagnostics
by tyler | Oct 2, 2023 | Press Article
Reverend Jesse Jackson Joins Prominent Figures to Celebrate Hispanic Contributions
CHICAGO, Oct. 2, 2023 /PRNewswire/ — The Art Institute of Chicago came alive with the celebration of Hispanic Heritage Month hosted by We Are All Human Foundation (WAAH), a leading global nonprofit dedicated to advancing diversity, equity, and inclusion (DEI). The event, “Discovering Hispanic Contributions to America through Art: Remedios Varo: Science Fictions,” drew over 60 leaders from various industries to explore the rich and vibrant legacy of the Hispanic community in the United States. The gathering was marked by the presence of Reverend Jesse Jackson, a renowned civil rights leader, who shared a powerful message of unity and appreciation for the Hispanic community’s invaluable contributions.
The night was centered around the “Remedios Varo: Science Fictions” exhibition at The Art Institute of Chicago, offering attendees the opportunity to immerse themselves in the world of Hispanic art. This exhibition marks the first US exhibition on Remedios Varo since 2000 and a rare exhibition at the Art Institute to offer gallery text in both Spanish and English.
One of WAAH’s primary goals is to elevate self-regard and social recognition within the Hispanic community. This mission is driven by the belief that understanding their values and culture is crucial in defining what it means to be Latino in America.
Distinguished Speakers and Co-Hosts
The event featured notable speakers, including Minerva Anguiano, an Art Historian and Anthropologist from Mexico City, and Claudia Romo Edelman, Founder & CEO of the We Are All Human Foundation. Co-hosts for the evening included Richard Edelman (Edelman), Martin Cabrera (Cabrera Capital Markets), Beth Brady (Chief Outsiders), Michael Fassnacht (World Business Chicago), and John Staines (DHR).
In a notable highlight of the evening, Reverend Jesse Jackson shared his perspective on Hispanic Heritage Month. He stated, “I am honored to celebrate the invaluable contributions of Latinos to the country during this Hispanic Heritage Month. Together, as a testament to the unity of the black and brown coalition, I stand alongside the Hispanic leader Claudia Romo Edelman, whom I have seen become a beacon of hope for Latinos.”
In closing the night, the distinguished Co-Host Martin Cabrera highlighted that “in acknowledging the $2.8 trillion impact of Hispanics on the U.S. economy, we must underscore the equal relevance of our cultural contributions. It is imperative that we celebrate the contributions of women artists like Remedios Varo.”
About We Are All Human:
We Are All Human is a registered 501 (c)3 public charity devoted to advancing Equity, Diversity and inclusion for all, with a particular focus on accelerating the progress of Hispanics in the United States. Its biggest platform – the Hispanic Star – was a finalist on the 2023 Collective Social Innovation Award of the Schwab Foundation for Social Entrepreneurship.
Media Contact
Marisa García de Celis
[email protected]
SOURCE We Are All Human
by tyler | Oct 2, 2023 | Press Article
Building is available for immediate leasing opportunities.
ST. CLOUD, Minn., Oct. 2, 2023 /PRNewswire/ — An affiliate of Phoenix Investors (“Phoenix“) announced the acquisition of an approximately 922,444-square-foot industrial building located at 701 33rd Avenue N in St. Cloud, Minnesota. Featuring both office and warehouse space, the facility includes 31 dock doors, 9 drive-ins, and clear heights up to 28 feet. Situated on 50.55 acres and boasting 980 parking stalls, the property is primed for meaningful industrial engagement. The complex is already configured to support multi-tenant occupancy, includes heavy electric and related infrastructure, and is served by rail.
Constructed in 1950, the facility was formerly home to Electrolux Group and the company’s upright freezer manufacturing and production until it closed its doors in late 2019. The facility was one of Electrolux Group’s primary freezer manufacturing sites.
“We’re very excited about this opportunity to put the vacant, underutilized property into reinvestment and reuse for quality tenants that can result in greater tax base and employment opportunities in St. Cloud, since Electrolux Group announced its closure,” said St. Cloud Mayor Dave Kleis. “This property’s been of interest to several industrial prospects since then, and we look forward to working with a newly engaged long-term property owner. This property is one of the largest available industrial facilities in Greater Minnesota and is located just 1 hour from the Minneapolis–Saint Paul 494/694 split.”
“Since the announced closing of the plant, the city and its EDA has positioned itself for a resilient economic recovery, including a target industry analysis which identified regional amenities, workforce skills, and business expansion opportunities for precision manufacturing, automation, food manufacturing, and business software and applications,” added Mayor Kleis. “As a result of this work, a $2.5 million federal EDA grant was awarded to St. Cloud Technical & Community College for the buildout of an advanced manufacturing training lab with state-of-the-art equipment, set to open late 2023.”
“We are thrilled to add this excellent industrial facility to our portfolio and looking forward to seeing what reopening this property will do for the St. Cloud community,” said Anthony Crivello, Executive Vice President & Managing Director of Phoenix Investors. “This property will prove to be a great opportunity for businesses looking for high-quality industrial space, especially as it can be leased immediately.”
This acquisition highlights Phoenix’s commitment to investing in the St. Cloud community and providing superior commercial real estate options to local businesses, as well as avenues for development and growth within the local workforce and economy.
The transaction was brokered by Paul J. Danko, Senior Managing Director at Savills. For more information or to schedule a tour of the property, please get in touch with the Phoenix team at https://phoenixinvestors.com/contact.
About Phoenix Investors
Phoenix Investors is the leading expert in the acquisition, renovation, and releasing of former manufacturing facilities in the United States. The revitalization of facilities throughout the continental United States leads to positively transforming communities and restarting the economic engine in the communities we serve. Our reconstruction and selective deconstruction of facilities provides a green alternative versus the standard demolition and replacement of legacy buildings. Phoenix’s affiliate companies hold equity interests in a portfolio of industrial properties totaling approximately 71 million square feet spanning 29 states, delivering corporations with a cost-effective national footprint to dynamically supply creative solutions to meet their leasing needs.
For more information, please visit https://phoenixinvestors.com.
SOURCE Phoenix Investors
by tyler | Oct 2, 2023 | Press Article
NEW YORK, Oct. 2, 2023 /PRNewswire/ — Safehold Inc. (NYSE: SAFE) announced today that Moody’s Investors Services has upgraded its credit ratings on the Company to A3 from Baa1, with a stable outlook.
“Today’s announcement is a significant milestone for the Company, highlighting the strength of the franchise and credit profile built over the last six years as the leader of the modern ground lease industry,” said Jay Sugarman, Chairman and Chief Executive Officer. “We expect this ratings upgrade will positively impact both our cost and access to capital, ultimately improving our ability to provide commercial real estate operators access to more efficiently priced capital, and further scale our market leading position.”
Moody’s cited the rationale behind the ratings upgrade in their report: “The ratings upgrade was based on Safehold’s reduced governance risks following the recent merger and the company’s solid financial performance, including strong asset quality and conservative leverage.”
About Safehold:
Safehold Inc. (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk. The Company, which is taxed as a real estate investment trust (REIT), seeks to deliver safe, growing income and long-term capital appreciation to its shareholders. Additional information on Safehold is available on its website at www.safeholdinc.com.
Forward-Looking Statements
The statements contained in this release that are not purely historical are forward-looking statements, including statements regarding expectations, hopes, intentions or strategies regarding the future. Forward-looking statements are based on Safehold’s management’s beliefs, as well as assumptions made by, and information currently available to, them. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and similar references to future periods, or by the inclusion of forecasts or projections. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. It is not possible to predict or identify all risk factors. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact:
Pearse Hoffmann
Senior Vice President
Capital Markets & Investor Relations
T 212.930.9400
E [email protected]
SOURCE Safehold
