NEW YORK, Aug. 26, 2023 /PRNewswire/ — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI) and reminds investors of the October 23, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
If you suffered losses exceeding $100,000 investing in Masimo stock or options between February 28, 2023 and July 17, 2023and 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: www.faruqilaw.com/MASI.
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
According to the lawsuit, defendants misled investors by creating the false impression that they possessed reliable information pertaining to the Company’s sales pipeline. In reality, defendants’ forecasting processes failed to adequately account for potential loss of sensor sales among Masimo’s customers, as well as the potential decline in demand for premium and luxury audio categories. Alternatively, defendants deliberately ignored the decline in sales. In either event, defendants misled investors by providing the public with materially flawed revenue guidance for fiscal 2023. When the true details entered the market, the lawsuit claims that investors suffered damages.
The truth emerged on July 17, 2023, when Masimo issued a press release announcing its second quarter 2023 earnings. Defendants announced lower than expected revenue for the second quarter of fiscal 2023 and preliminarily decreased full-year revenue estimates for both healthcare and non-healthcare segments.
Investors and analysts reacted immediately to Masimo’s revelation. The price of Masimo’s common stock declined dramatically. From a closing market price of $147.16 per share on July 17, 2023, Masimo’s stock price fell to $117.73 per share on July 18, 2023, a decline of nearly 20% in the span of just a single day.
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 Masimo’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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.
NEW YORK, Aug. 26, 2023 /PRNewswire/ — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Proterra Inc. (“Proterra” or the “Company”) (NASDAQ: PTRA) and reminds investors of the September 12, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
If you suffered losses exceeding $100,000 investing in Proterra stock or options between August 2, 2022 and March 15, 2023and 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: www.faruqilaw.com/PTRA.
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
On March 15, 2023, Proterra announced their quarterly earnings. In that announcement, the Company stated they were in violation of a liquidity clause in their secured convertible notes and that they may have to qualify an audit report with a “going concern” clause. The financial issues stemmed from an increase in cash burn because of a decrease in gross margin and an increase in accounts receivable during the relevant quarter. In response to the announcement, Proterra’s stock price substantially dropped from $2.51 per share to $1.16 per share, eliminating approximately $118 million in market capitalization in one day.
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company repeatedly stated the $523 on their balance sheet meant the company had abundant liquidity and financial stability; and, (ii) the new factory in Greer, South Carolina would continue to improve production efficiency and gross margins.
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 Proterra’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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.
NASHVILLE, Tenn., Aug. 22, 2023 /PRNewswire/ — HopeNation Counseling, in partnership with the Davis Family YMCA in East Tennessee, recently completed a 4 session Student Athlete Mental Health Group for area teens. The 90-minute groups, offered once a week, included 60 minutes of mental health counseling and 30 minutes of physical activity. The group was open to any student athletes in the area.
“I have been wanting to do something like this for a while to support our student athletes at the YMCA. HopeNation helped bring my dream to reality through providing mental health support to the Student Athlete community,” says Erin Stidham, Senior Program Director of the Davis Family YMCA.
The mental health counseling group was facilitated by Casey Merrill, LPC-MHSP, the Executive Director of HopeNation’s Campus Counseling Program, stated “When I played college-level volleyball, mental health was not discussed openly by my teammates or coaches. Our group of student athletes is passionate about incorporating well-being into their already rigorous schedules. This drives my motivation to continue providing therapeutic support to my fellow athletes.”
The student athlete group focused on 3 objectives:
Develop an awareness of their current mental health needs and how to improve their overall mental wellbeing by incorporating mental health initiatives into their daily routine.
Improve their communication with coaches, parents and caregivers to be able to take care of their mental health needs.
Develop strategies and applications to better balance academic and athletic requirements, including time management techniques.
In addition to mental health counselling, the group of student athletes participated in physical workouts with Jolon Williams, a YMCA trainer, family and sports program director, and a football coach at Central High School. Mr. Williams states “Working with student athletes was satisfying for me because they now understand how important their mental health and overall wellness is at a young age. Knowing and sharing that you can make a difference now and not later creates a deeper sense of positive impact.”
The group members all received pre- and post-assessments that measured awareness of well-being, stress levels, and feelings of hope. In the aggregate, the group increased their awareness of wellbeing while decreasing their stress levels by 50%, as measured by the Perceived Stress Scale and the NCAA Student-Athlete Well-Being Scale (SAWS). In addition, after 4 sessions, the student athletes increased their overall hope score by 30%. An increase in hopefulness has been positively correlated with an improvement in overall wellbeing.
“At the Y, our mission is to provide programs that build a healthy spirit, mind, and body. Giving young people a safe space to focus on mental health aligns perfectly with our mission. We’re excited to see a young generation that is willing to talk openly about the unique stress and pressure they face as student athletes and then work to find healthy solutions. Our Y is proud to offer this new program, and we’re thankful for the team from HopeNation Counseling that is helping to guide these conversations.” Pam Williams, Executive Director, Davis Family YMCA.
In order to continue the positive work started during the group, Ms. Merrill worked with the team to identify ongoing behaviors that would benefit their mental health. Specifically, the student athletes committed to spending 3-5 minutes a day on the self-care and self-esteem building activities that they learned in group. They set specific objectives, like arriving early to practice or practicing techniques on the way to practice, to incorporate what they learned during the group sessions.
“We were delighted to pilot this student athlete program with the Davis YMCA, and we look forward to more innovative collaborations on mental health with both the Davis YMCA and other YMCA’s throughout the state,” says Gina Drobnick, HopeNation’s CEO.
About the YMCA
Driven by its founding mission, the Y has served as a leading nonprofit committed to strengthening community for more than 175 years. The Y empowers everyone, no matter who they are or where they’re from, by ensuring access to resources, relationships and opportunities for all to learn, grow and thrive. By bringing together people from different backgrounds, perspectives and generations, the Y’s goal is to improve overall health and well-being, ignite youth empowerment and demonstrate the importance of connections in and across 10,000 communities nationwide. Learn more at www.ymca.org.
About HopeNation Counseling
HopeNation Counseling offers expert online therapy for teens and young adults, walking alongside them as they cultivate mental wellbeing, emotional strength and a thriving life. To learn more, please visit www.hopenationcounseling.com.
OVERLAND PARK, Kan., Aug. 22, 2023 /PRNewswire/ — Creative Planning, one of the nation’s leading Registered Investment Advisors (RIA), has announced the acquisition of CTB Financial Services, Ltd., a Registered Investment Advisor (RIA), based in Minneapolis. Founded on a solid foundation in tax planning, CTB Financial Services, Ltd. has established itself as a trusted partner to clients seeking expert guidance in tax optimization for more than 20 years. The firm has excelled in merging tax planning with investment management, resulting in improved financial outcomes for clients. The strategic move further enhances Creative Planning’s commitment to delivering holistic financial solutions by integrating tax planning and investment strategies.
“We are excited to welcome CTB Financial Services into the Creative Planning family,” said Peter Mallouk, CEO of Creative Planning. “Having earned the reputation of being the family CFO among their clients, their proven proficiency in wealth management and tax planning aligns with our mission of offering holistic, client-centric financial solutions. This strategic acquisition underscores our commitment to delivering exceptional value and comprehensive support to our clients.”
The acquisition of CTB Financial Services by Creative Planning underscores the firm’s dedication to broadening its range of services and geographical reach. By incorporating CTB’s offerings, Creative Planning enhances its ability to provide tax-efficient investment strategies to its expanding client base.
“Coming together with Creative Planning is an exciting opportunity,” added Jonathan Liang, senior advisor at CTB Financial and now a Partner at Creative Planning.” By consolidating taxes, retirement, spending, and investments within a single framework, we’ve seen how blended financial management can yield superior results. Now, we integrate these achievements with the extensive resources of Creative Planning, amplifying our capacity to bring exceptional value to our clients. Our shared vision of comprehensive financial planning and personalized client care makes joining Creative Planning a natural fit.”
Creative Planning’s track record of successful acquisitions and its dedication to innovation continue to position the firm as a leader in the financial services industry. With over $210 billion in combined assets under management as of December 31, 2022, and advisement across all 50 states and 65 countries, Creative Planning remains steadfast in its commitment to fostering financial well-being and prosperity.
About Creative Planning Creative Planning, LLC is an independent wealth management firm that provides a financial planning led investment management approach, retirement planning, estate planning, trust services, tax planning and family office services for individuals as well as 401(k) and institutional clients. Creative Planning has over $210B combined assets under management and advisement across all 50 states and 65 countries as of 12/31/22.
Media Contact: Andrew Jennings JConnelly 973-791-3391 [email protected]
Egglife brings a zesty mix of fresh-picked flavors to ALDI stores nationwide and online, hosts playful summer garden fails giveaway to celebrate product release
CHICAGO, Aug. 22, 2023 /PRNewswire/ — Egglife Foods, Inc., a Chicago-based innovator harnessing the power of eggs to disrupt the food industry with simple, delicious and nutritious egglife® egg white wraps, is launching its new garden salsa flavor nationally in ALDI stores and on egglifefoods.com. After testing the new flavor in select ALDI stores at the beginning of 2023 and receiving overwhelmingly positive feedback, egglife garden salsa wraps are available immediately and exclusively at ALDI nationwide.*
Egglife Foods is launching its new garden salsa flavor nationally in ALDI stores and on egglifefoods.com.
“As a leader in flavor innovation, we are committed to delivering new and interesting wrap flavors that we know egglife fans will love,” said Andrea Schwenk, Chief Marketing Officer at Egglife Foods. “We are thrilled to partner with ALDI to bring our first ever retailer-exclusive flavor variety to market. ALDI shoppers are always on the lookout for new discoveries, and we can’t wait for garden salsa to be a fan favorite as summer concludes and shoppers seek more ways to enjoy fresh flavors.”
Egglife’s new garden salsa wraps are a zesty mix of just-picked vegetable flavors including peppers, onion, garlic and spices. This new wrap brings the fresh taste of the garden to any meal of the day, including protein-packed breakfast quesadillas, low-carb turkey pinwheels for lunch and keto-friendly air-fryer taquitos perfect for dinner. Other egglife wrap flavors include original, everything bagel, southwest, italian and sweet cinnamon. All egglife egg white wraps are packed with protein (more than five grams), low-carb (less than one gram) and have 35 calories or less. With this nutrition profile and clean, simple ingredients, egglife wraps fit a variety of dietary need states, including gluten-free, vegetarian, diabetic, keto and Whole30® lifestyles.
Since egglife egg white wraps launched in 2019, Egglife Foods has experienced significant growth and expansion into a wide range of retailers nationwide. Turning the better-for-you food market on its head, Egglife has quickly established itself as a popular choice among health-conscious and specialty diet consumers looking for clean protein sources, low-carb alternatives and grain-free options. Egglife believes consumers should not have to compromise between taste and nutrition, and is honored to support ALDI’s commitment to providing a unique shopping experience where customers never have to compromise – delivering great quality food at great prices.
Garden Fail Giveaway With the national launch of the new egglife garden salsa wraps leading into National Fruits and Veggies Month, Egglife is asking the public to join in on the fun.
“By late summer, many home gardens have succumbed to the elements and gardeners officially give up on the fruits of their labor for the season,” said Schwenk. “We wanted to have some fun with that, and while your home garden may no longer be thriving, Egglife has you covered with fresh-picked garden flavors in our new egglife garden salsa wraps.”
Garden Fail Giveaway: Beginning August 23, 2023 through August 31, 2023, the first 50 people to direct message (DM) @egglifefoods on Instagram with a picture of their failed garden – dried up roots, droopy leaves and all – will receive a $50 ALDI gift card to stock up on egglife garden salsa wraps and all the fresh ingredients needed to make the perfect wrap.**
More information and recipes using egglife garden salsa egg white wraps are available at egglifefoods.com. Consumers can find egglife chillin’ near the cheese at their local ALDI store or order online for shipping to their homes.
About Egglife Foods, Inc. As a leader in modern nutrition, Egglife Foods is reimagining the future of food by harnessing the power of eggs to transform traditionally flour-based foods. The company, currently poised to be the next big category disruptor in the CPG industry, was created in 2017, motivated by a desire to champion better wellness without sacrificing taste. egglife® egg white wraps, the company’s debut product, are made using patented technology that converts liquid egg to solid matter, resulting in a protein-packed tortilla-style wrap free of sugar, fat, and grains. Unlike the competition, egglife is the only wrap to deliver a trifecta of what consumers are looking for in a wrap; taste, versatility and nutrition. egglife egg white wraps are The Perfect Wrap® for consumers looking for a versatile, low-carb, protein-packed option. The wraps are available in six flavors – original, garden salsa, everything bagel, southwest, italian and sweet cinnamon. The company’s products are available in over 11,500 other retail locations throughout the United States, including major grocery chains, as well as online at egglifefoods.com. All egglife wraps are cleverly crafted at their very own manufacturing facility in Wolcott, Indiana. More information is available at egglifefoods.com.
*Excluding ALDI locations in California and Texas
**The Garden Fail Giveaway ends August 31, 2023 or until all 50 gift cards have been claimed. Winners will be notified by @egglifefoods via DM. US residents only, 18+. This giveaway is in no way sponsored, endorsed, administered by or associated with Instagram, Facebook or ALDI.
Whole30® is a registered trademark of Thirty & Co, LLC
Real-Time Managed Service Provides Identity Monitoring and Threat Detection
SAN FRANCISCO, Aug. 22, 2023 /PRNewswire/ — BeyondID, a leading managed identity services provider, today announced the BeyondID Security Operations Center (SOC). This 24/7/365 security monitoring and threat detection service is designed to help organizations maintain the security of their systems in real-time.
The BeyondID SOC offers a comprehensive range of benefits that help organizations maintain the highest level of security to protect their enterprise: data, customers, and workforce. This service secures identity and user-driven endpoints such as Okta, end-user applications, and identity solutions integrated into customer environments. With dual global operations centers, the BeyondID SOC offers a one-stop-shop for security monitoring and incident response.
“The volume of security threats and breaches has reached a level that is nearly impossible for even the most competent IT teams to manage around the clock,” said Arun Shrestha, CEO and co-founder of BeyondID. “Our team understands the challenges with securing proprietary data and felt it was essential to provide a service offering that helps our customers consistently manage these vulnerabilities.”
The BeyondID SOC actively monitors customer environments 24/7, globally, ensuring real-time threat detection and response. The BeyondID SOC also watches for known threats while monitoring intelligence channels to advise and protect against the latest intrusion tactics. This approach helps organizations stay ahead of emerging threats and prevent costly security breaches.
Additionally, the BeyondID SOC stands guard at every endpoint associated with customer environments. A logging agent sends live data to be collected, detected, triaged, investigated, and responded to if necessary. This ensures that all endpoints are secure and protected from potential threats.
Current service offerings include Identity-First Zero Trust Security with XDR, End-Point, Network, Workload and Data Threat Detection and Response capabilities.
For more information about BeyondID Security Operations Center, please visit: www.BeyondID.com.
About BeyondID BeyondID is a leading managed identity services provider that the most successful brands trust to bring their digital identity strategies to life. BeyondID helps organizations streamline their adoption process and ensure their implementations are secure, agile, and future proof. A few of the valued customers that trust BeyondID to keep their organizations secure include ATN International, Discount Tire, Johnson Financial Group, Major League Baseball, Mayo Clinic, Northern Trust, TDECU, and VF Corp. More information about BeyondID can be found at www.BeyondID.com.
