Lastest from Businesswire
AEROVATE THERAPEUTICS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Aerovate Therapeutics, Inc. - AVTE
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Aerovate Therapeutics, Inc. (NasdaqGM: AVTE) and Jade Biosciences. Pursuant to the terms of the agreement, shareholders of Aerovate will own approximately 1.6% of the combined company. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger is fair to
SHOALS TECHNOLOGIES INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Shoals Technologies Group, Inc. - SHLS
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Shoals Technologies Group, Inc. (NasdaqGM: SHLS). On November 7, 2023, the Company filed its 3Q2023 Quarterly Report disclosing that a defect with its wiring harnesses involving excessive pull back of wire insulation, or “shrinkback,” was far more severe than previously disclosed. S
ALTAIR ENGINEERING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Altair Engineering Inc. - ALTR
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Altair Engineering Inc. (NasdaqGS: ALTR) to Siemens AG. Under the terms of the proposed transaction, shareholders of Altair will receive $113.00 in cash for each share of Altair that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the con
LINCOLN NATIONAL INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Lincoln National Corporation - LNC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Lincoln National Corporation (NYSE: LNC). On November 2, 2022, the Company released its 3Q 2022 financial results, disclosing a net loss of $2.6 billion for the quarter, compared to a net income of $318 million for the third quarter of 2021 the previous year, due to “net unfavorable
Peakstone Realty Trust Acquires 51-Property Industrial Outdoor Storage Portfolio
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Peakstone Realty Trust (the "Company") (NYSE: PKST), a real estate investment trust focused on owning and operating industrial assets, announced today that the Company has acquired a portfolio of 51 industrial outdoor storage (“IOS”) properties from a joint venture between Alterra IOS, and institutional investors advised by J.P. Morgan Asset Management in an off-market transaction valued at $490 million. The acquisition was funded by a combination of proceed
Barclays Bank PLC Amends Purchase Price of Certain Cash Tender Offers and Consent Solicitations
NEW YORK--(BUSINESS WIRE)--Barclays Bank PLC (the “Issuer”) announced today that, in connection with its previously announced cash tender offers (each, an “Offer”) to purchase any and all of its outstanding exchange-traded notes (the “Notes” or the “ETNs”) of four separate series (each, a “Series”) and the solicitation of consents (each, a “Consent Solicitation”) from holders of the Notes (the “Noteholders”) to amend certain provisions of the Notes with respect to each Series, it has amended th
NYSE to Commence Delisting Proceeding Against Rigel Resource Acquisition Corp (RRAC)
NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE,” the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the three securities enumerated below (“Securities”) of Rigel Resource Acquisition Corp (the “Company”) from the Exchange. Trading in the Company’s Securities will be suspended immediately. Symbol Description RRAC Class A ordinary shares, par value $0.0001 per share RRAC.U Units, each consisting of one Class A ordinary
The St. Joe Company Earns Great Place to Work® Certification™, Recognizing Outstanding Workplace Culture
PANAMA CITY BEACH, Fla.--(BUSINESS WIRE)--The St. Joe Company (NYSE: JOE) (“St. Joe”) (“Company”) proudly announces its certification by Great Place To Work®, a global leader in workplace culture recognition. This recognition is earned entirely by evaluating workplace culture from the perspective of the employee, offering a comprehensive picture of the internal health of an organization. Employing more than 1,000 team members from 18 countries, St. Joe sought this certification through an emplo
PACS Group Is Now Under Investigation by Johnson Fistel on Behalf of Shareholders Who Incurred Losses on Their Investment
SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson Fistel, LLP is investigating whether PACS Group, Inc. (NYSE: PACS) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. On November 4, 2024, Hindenburg Research issued a report questioning PACS claims to have discovered a winning ‘turnaround’ formula for transforming poorly performing skilled nursing facilities into “cash spi
Radian Exceeds Fundraising Goal for MBA Opens Doors Foundation with Record-Breaking Campaign
WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today announced that its annual “Opens Doors Opens Hearts” fundraising campaign achieved an all-time record of nearly $475,000 to benefit the MBA Opens Doors Foundation, which provides mortgage and rental assistance to families caring for a critically ill or injured child. This year, the company’s seventh annual “Opens Doors Opens Hearts” campaign received more than $158,000 in donations, significantly exceeding its $100,000 goal. With
Corebridge Financial Announces Third Quarter 2024 Results
HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. ("Corebridge" or the "Company") (NYSE: CRBG) today reported financial results for the third quarter ended September 30, 2024. Kevin Hogan, President and Chief Executive Officer of Corebridge, said, "We had a very strong quarter as Corebridge grew operating earnings per share by 31% year over year to $1.38. At the same time, we returned $848 million to shareholders through dividends and share repurchases, bringing the year-to-date payout ratio
Fidelis Insurance Group Declares Quarterly Dividend
PEMBROKE, Bermuda--(BUSINESS WIRE)--Fidelis Insurance Holdings Limited (NYSE:FIHL) (“Fidelis Insurance Group” or “the Company”), a global specialty insurer, announced today that its Board of Directors has approved and declared a dividend of $0.10 per share, payable on December 20, 2024, to common shareholders of record on November 29, 2024. About Fidelis Insurance Group Fidelis Insurance Group is a global specialty insurer, leveraging strategic partnerships to offer innovative and tailored insu
AIG Reports Excellent Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today reported financial results for the third quarter ended September 30, 2024. AIG Chairman & Chief Executive Officer Peter Zaffino said: “AIG delivered excellent third quarter financial results with strong profitability and growth across our businesses highlighting the quality of the underwriting portfolio and our ability to deliver consistent earnings. The adjusted after-tax income per diluted share was $1.23 for
Voya Financial announces third-quarter 2024 results
NEW YORK--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) announced today its third-quarter 2024 financial results: Net income available to common shareholders of $98 million, or $0.98 per diluted share, and after-tax adjusted operating earnings1 of $190 million, or $1.90 per diluted share. Strong results in Wealth Solutions and Investment Management mitigating higher loss ratios in Health Solutions. Disciplined pricing actions expected to improve loss ratios in Stop Loss in 2025. Prudently
Jackson Increases Access to RILA Product through Distribution Partnership with JPMorganChase
LANSING, Mich.--(BUSINESS WIRE)--Jackson National Life Insurance Company (Jackson®), the main operating subsidiary of Jackson Financial Inc.2 (NYSE: JXN), today announced it is partnering with JPMorganChase to offer its registered index-linked annuity (RILA), Jackson Market Link Pro II®, to the approximately 5,000 financial professionals at J.P. Morgan Wealth Management. “We are proud to expand our partnership with JPMorganChase, a premier firm in the financial services industry, to provide the
Equitable Holdings Reports Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Equitable Holdings Reports Third Quarter 2024 Results
IF Bancorp, Inc. Announces Results for First Quarter of Fiscal Year 2025 (Unaudited)
WATSEKA, Ill.--(BUSINESS WIRE)--IF Bancorp, Inc. (NASDAQ: IROQ) (the “Company”) the holding company for Iroquois Federal Savings and Loan Association (the “Association”), announced unaudited net income of $633,000, or $0.20 per basic and diluted share, for the three months ended September 30, 2024, compared to $466,000, or $0.15 per basic share and $0.14 per diluted share, for the three months ended September 30, 2023. Walter H. “Chip” Hasselbring, President and Chief Executive Officer, comment
Horace Mann reports third-quarter 2024 results
SPRINGFIELD, Ill.--(BUSINESS WIRE)--Horace Mann Educators Corporation (NYSE:HMN), the largest multiline financial services company focused on helping America’s educators and a core small-cap growth and value equity in the Financials sector, today reported financial results for the three and nine months ended September 30, 2024: Diversified business delivered third-quarter net income of $34 million, or $0.83 per share, and core earnings* of $31 million, or $0.76 per share, with reported book val
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Distribution
NEW YORK--(BUSINESS WIRE)--BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0300 per share of common stock, payable on December 2, 2024 to shareholders of record at the close of business on November 20, 2024. The ex-dividend date is November 20, 2024. The previous distribution announced in October was $0.0300 per share of common stock. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on it
AM Best Affirms Performance Assessment of Amwins Group’s Affiliates
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Performance Assessment (assessment) of PA-1 (Exceptional) of a group of seven affiliates of Amwins Group (Amwins). These affiliate companies are assessed on a consolidated basis under Amwins and domiciled in Charlotte, NC. The outlook of the assessment is stable. (See below for a detailed list of the affiliate companies.) This assessment reflects Amwins’ exceptional underwriting capabilities, exceptional governance and internal controls,