Lastest from Businesswire

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to five classes of notes issued by GreenSky Home Improvement Issuer Trust 2025-1 ("GSKY 2025-1"), an asset-backed securitization collateralized by a pool of consumer loans used for home improvements. GSKY 2025-1 represents the seventh 144A securitization of home improvement loans originated through the lending program administered by GreenSky, LLC (“GreenSky” or the “Company”) on behalf of federally-insured, federal, or state-chartered

SEATTLE--(BUSINESS WIRE)--A new class-action lawsuit filed against Amazon accuses the global retailer of intentionally misleading consumers about the harmful environmental impact of its Amazon Basics toilet paper and paper towel products, according to attorneys at Hagens Berman. The lawsuit was filed March 14, 2025, in the U.S. District Court for the Western District of Washington and alleges Amazon engages in extensive greenwashing practices while sourcing its paper pulp from suppliers contrib

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 8 classes of mortgage-backed certificates from Morgan Stanley Residential Mortgage Loan Trust 2025-NQM2 (MSRM 2025-NQM2), a $410.0 million non-prime RMBS transaction. The underlying collateral, comprising of 1,007 residential mortgages, is characterized by a notable concentration of alternative income documentation (80.3%). The majority of the loans are either classified as non-qualified mortgages (Non-QM) (31.4%) or exempt (56.7%)

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 18, 2025 to file lead plaintiff applications in a securities class action lawsuit against Innovative Industrial Properties, Inc. (NYSE: IIPR), if they purchased the Company’s securities between February 27, 2024 and December 19, 2024, inclusive (the “Class Period”). This action is pending in the U

CLEVELAND--(BUSINESS WIRE)--A jury sided with Medical Mutual on March 12 in a lawsuit against FrontPath Health Coalition, a Toledo-based network, and HealthScope Benefits, a wholly owned subsidiary of United Healthcare. The jury found the defendants committed federal wire fraud, telecommunications fraud, tampered with records, and obstructed justice by falsely submitting bidding information to the city of Toledo in the 2015 and 2018 public bids for employee health benefits. The lawsuit was orig

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating to D (Poor) from C- (Weak) and the Long-Term Issuer Credit Rating to “c” (Poor) from “cc” (Very Weak) of Casualty Underwriters Insurance Company (CUIC) (Salt Lake City, UT). The outlook of these Credit Ratings (ratings) is negative. Concurrently, AM Best has withdrawn these ratings as CUIC has requested to no longer participate in AM Best’s interactive rating process. The ratings reflect CUIC’s balance sheet st

NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE: JPM) (“JPMorganChase” or the “Firm”) has declared dividends on the outstanding shares of the Firm’s Series CC preferred stock. Information can be found on the Firm’s Investor Relations website at https://www.jpmorganchase.com/ir/news. JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.0 trillion in assets and $345 billi

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.47 per share of class A common stock with respect to the first quarter of 2025. This dividend is payable on April 15, 2025 to stockholders of record as of the close of business on March 31, 2025. About Blackstone Mortgage Trust Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that primarily originates senior loans collateralized by commercial real estate in North America, Eur

CHICAGO--(BUSINESS WIRE)--The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today declared a quarterly dividend of 45.5 cents per share, consistent with the dividend paid in January. The dividend is payable April 30, 2025, to shareholders of record as of April 4, 2025. Please contact investors@morningstar.com with any questions. About Morningstar, Inc. Morningstar, Inc. is a leading provider of independent investment insights in N

NEW YORK--(BUSINESS WIRE)--TPG RE Finance Trust, Inc. Declares Cash Dividend on Common Stock

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--RiverNorth Capital Management, LLC (“RiverNorth”), an investment manager and closed-end fund expert specializing in opportunistic strategies, announced that the RiverNorth/Oaktree High Income Fund (NASDAQ: RNHIX) (the “Fund”) won the 2025 LSEG Lipper Fund Award for Best General Bond Fund for the five-year period ended November 30, 2024. The LSEG Lipper Fund Awards honor funds that have excelled in providing consistently strong risk-adjusted performance re

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of February 28, 2025. Management’s unaudited estimate of the range of our NAV per share of our common stock as of February 28, 2025 is between $6.75 and $6.85. This estimate is not a comprehensive sta

NEW YORK & INDIAN WELLS, Calif.--(BUSINESS WIRE)--BNP Paribas, Europe’s leading financial institution and a global sponsor of tennis, is pleased to announce the extension of its title sponsorship of the BNP Paribas Open with a five-year contract that runs through 2029. BNP Paribas began its title sponsorship of the tournament in 2009 and has become the longest running sponsor in the event’s history. Over the past 17 years, the tournament has seen record attendance, achieved equal prize money fo

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of XP Inc. (“XP” or the “Company”) (NASDAQ: XP) investors concerning the Company’s possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON XP INC. (XP), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On March 12, 2025, Grizzly Research publ

SACRAMENTO, Calif.--(BUSINESS WIRE)--NOTICE IS HEREBY GIVEN THAT A SPECIAL MEETING OF THE IBANK BOARD IS BEING CALLED SUBJECT TO GOVERNMENT CODE SECTION 11125.4, SUBD. (a) Monday, March 17, 2025; 9:00 a.m. Bergeson Peace Board Room (In Person) 1325 J Street, Suite 1300 Sacramento, CA 95814 Public Participation Call-In Number (Teleconference): (888) 788-0099 Zoom Meeting ID: 825 5538 0274 OPEN SESSION 1. Call to Order and Roll Call. 2. Action Item: There will be a public comment period before Bo

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb” (Fair) of National Security Fire and Casualty Company (NSFC). AM Best also has removed from under review with negative implications and affirmed the FSR of B- (Fair) and the Long-Term ICR of “bb-” (Fair) of Omega One Insurance Company, Inc. (Omega). The outlook assigned to thes

MILWAUKEE--(BUSINESS WIRE)--Baird Advisors’ commitment to delivering consistent competitive returns for clients has again been recognized by LSEG Lipper. This year, Baird Strategic Municipal Bond Fund (BSNIX) was recognized as the Best Fund Over 3- and 5-year periods among short-intermediate municipal debt funds and the Baird Municipal Bond Fund (BMQIX) was recognized as Best Fund Over 3- and 5-Years among the General & Insured Debt Funds, for the period ending November 30, 2024. For most r

WEST LINN, Ore.--(BUSINESS WIRE)--True Path Capital Strategies, LLC Acquires Premier Wealth Strategies Branches

LOS ANGELES--(BUSINESS WIRE)--RC Investors Have Opportunity to Lead Ready Capital Corporation Securities Fraud Lawsuit with the Schall Law Firm

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of XP Inc. (“XP” or the “Company”) (NASDAQ: XP) investors concerning the Company’s possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN XP INC. (XP), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithla