NEW YORK, NY / ACCESSWIRE / April 29, 2015 / Pomerantz LLP is investigating claims on behalf of investors of Installed Building Products, Inc. (“IBP” or the “Company”) (NYSE: IBP). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.

The investigation concerns whether IBP and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. 

On April 29, 2015, SeekingAlpha published an article which stated that numerous red flags exist at IBP, including: “misrepresented financials, subtle alterations of earnings definitions, overstated cash flow, related party conflicts of interest, margin goals that appear disconnected from the company’s economic model, heretofore poorly disclosed litigation accusing the company of systematically under-reporting hours worked and violating Fair Labor Standards Acts, and earnings estimates that have consistently been revised lower.”

On this news, shares of IBP fell $1.16 per share, to $22.29, or more than 4.95%, on intraday trading on April 29, 2015.

For more information about this report, visit: http://seekingalpha.com/article/3114826-installed-building-products-a-misrepresented-roll-up-with-significant-downside.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

SOURCE: Pomerantz LLP

ReleaseID: 428335

Free Solution Deters Driver Cell Phone Use by More Than 90%

LOS ALTOS, CA / ACCESSWIRE / April 29, 2015 / Distracted driving is in the proverbial headlights these days, with April designated by NHTSA as National Distracted Driving Awareness Month, followed by National Youth Traffic Safety Month in May. Despite legislation, law enforcement and education, the problem continues to grow. However, recent studies are starting to show that technology can help drivers reduce their incidence of distracted driving.

Two Silicon Valley entrepreneurs, Ted Chen and Mike Demele, have dedicated themselves to solving the distracted driving epidemic caused by technology through the use of technology. LifeSaver is a free mobile app for Android and iPhone users that automatically removes a driver’s temptation to be visually or manually distracted by his or her cell phone whenever driving is detected. Recent data has shown the app is extremely effective in discouraging cell phone use while driving.

“We looked at over 25,000 trips covering more than 200,000 miles of driving and found that the driver unlocked his or her phone in less than 1.5 percent of these trips,” said Demele. In other words, 98.5 percent of trips using LifeSaver were distraction free from their mobile device. “When contrasting this number to research showing 25 percent of teens admit to texting while driving, we are definitely taking a step in the right direction,” Demele noted.

“Scientific research tells us that humans are wired to respond immediately to every stimulus, especially ones coming from their smartphones. This obviously becomes very dangerous when the stimulus occurs while driving,” said Chen. “We believe that drivers need help to ignore their phone while driving, and LifeSaver has proven to be an effective way to provide that assistance.”

The LifeSaver app is available on Google Play and the iPhone App Store. Unlike some other solutions, the LifeSaver app does not require the purchase and cumbersome installation of costly equipment in the car. LifeSaver has recently introduced a dashboard called the Driver Portal to be used in combination with the app. The Driver Portal provides an easy way for loved ones to view their driver’s distracted driving behavior and provide rewards to help them break the habit.

In the United States, more than 1 in 4 auto collisions are caused by driver distraction due to cell phone use behind the wheel. In 2013, distracted driving took the lives of 3,154 people. NHTSA estimates that at any given moment in the United States, there are 660,000 people using cell phones or manipulating other electronic devices while driving.

The LifeSaver app has been sanctioned by driving safety thought leaders such as Hang Up and Drive and the American Driving & Traffic Safety Education Association (ADTSEA), the national group representing driver ed teachers nationwide.

For more information and to see a demo video, visit http://www.lifesaver-app.com.

Contact:

David Reich
david@reichcommunications.com
212-573-6000

SOURCE: Life Apps LLC

ReleaseID: 428334

Attempt to Use Sater in Campaign Failed to Derail Lynch’s
Confirmation, and Sater’s Confidential Documents Have Been Ordered
Returned By Federal Magistrate

NEW YORK, NY / ACCESSWIRE / April 29, 2015 / Frederick
Oberlander and Richard Lerner, attorneys for Jodi L. Kriss, have been
ordered by a Federal Magistrate to return documents converted from Felix
Sater and the Bayrock Group or face imprisonment. The court order came
just days prior to Loretta Lynch’s confirmation as Attorney General.
Oberlander and Lerner had accused Lynch of misconduct in her handling
of the Felix Sater case in her role as US Attorney for the Eastern
District of New York, and questioned her nomination for Attorney
General.

Ms. Lynch confirmed the propriety of her actions with respect to Mr.
Sater’s case in testimony to Senator Orrin Hatch at the Senate Hearings.
Lynch told Sen. Hatch, “The defendant in question, Felix Sater,
provided valuable and sensitive information to the government during the
course of his cooperation, which began in or about December 1998. For
more than 10 years, he worked with prosecutors from my Office, the
United States Attorney’s Office for the Southern District of New York
and law enforcement agents from the Federal Bureau of Investigation and
other law enforcement agencies, providing information crucial to
national security and the conviction of over 20 individuals, including
those responsible for committing financial fraud and members of La
CosaNostra. For that reason, his case was initially sealed.”

Sater’s attorneys, Robert Wolf and Michael Beys have claimed in court
that, Lerner, Oberlander, and Kriss have used sealed documents without
authorization – which the courts found to have been converted from Sater – in
order to elicit a billion-dollar settlement in lawsuits brought by Kriss
(a disgruntled former business associate who was fired by Sater), in
partnership with his attorneys.

Wolf and Beys states this lawsuit, based on a 20- year-old crime, was
brought about against those who supposedly cooperated with
Sater-including Nixon Peabody, Morgan, Lewis & Bockius,
AkermanSenterfitt, Donald and Ivanka Trump, iStar Financial and a
federal prosecutor for the United States Attorney’s Office for the
Eastern District of New York.

Wolf and Beys describe, as part of their plan, Oberlander and Lerner
filed a series of lawsuits over the past six years and then continued by
going after Loretta Lynch herself with accusations.

Oberlander and Lerner’s misconduct has been uniformly condemned by
the United States Court of Appeals for the Second Circuit and several
Judges from the United States District Courts for the Southern and
Eastern Districts of New York. In connection with their conduct in the
courts of the Eastern District of New York, they were referred for
criminal investigation by Judge Brian M. Cogan, in that district. The
investigation is currently pending.

Sater’s attorneys believe Oberlander and Lerner’s purpose for Loretta
Lynch, among other things, was to claim retaliation by the Department
of Justice should the pending investigation lead to their prosecution.
“Loretta Lynch headed up Eastern District of New York as United States
Attorney. We believe Oberlander and Lerner planned to claim that any
prosecution was political, in response for their questioning of Ms.
Lynch during the confirmation hearing,” Beys stated.

Wolf and Beys continued, “We’re pleased Loretta Lynch has finally been
confirmed as Attorney General. Coupled with the fact that Oberlander and
Lerner have been ordered by a Federal Magistrate to return the
documents converted from our client, Felix Sater and the Bayrock Group, or
face imprisonment, we believe justice has prevailed.”

About Michael P. Beys, Esq

Beys Liston Mobargha & Berland LLP, with offices in the heart of
New York City, is a boutique law firm specializing in complex business
and commercial litigation, general transactional and business matters,
alternative investment fund representation.

Contact Information

mbeys@blmblaw.com

SOURCE: Beys Liston Mobargha & Berland LLP

ReleaseID: 428300

The Newly-Launched Lighting Solutions from StreetLights-Solar.com are Ideal for Parking Lots and Commercial Buildings

IRVINE, CA / ACCESSWIRE / April 29, 2015 / Greenshine New Energy, a company that is devoted to creating and manufacturing top quality and customized solar powered LED lights, is now providing some new solar lighting solutions for their customers in the United States. The new lighting systems are geared towards providing solar street lights for parking lots and other commercial buildings.

For example, as a newly-posted article on the company’s website, StreetLights-Solar.com, noted, Greenshine New Energy recently installed some solar parking lot lights at Cal State Los Angeles. The experienced team from Greenshine New Energy installed four dual Brighta40 solar evaluation units in the university’s main parking lot.

Representatives from the school will evaluate the solar lights for two months before a complete renovation of the parking lot is completed. Because re-wiring the entire parking lot, which is used by over 1,000 students daily, was too expensive for the school to do all at once, Greenshine New Energy was happy to provide cost-effective solar lighting solutions. As a spokesperson for the company noted, they are looking forward to working with Cal State Los Angeles on the complete renovation.

The fact that Greenshine New Energy is now offering solar LED lights for parking lots and commercial buildings will not come as a surprise to the many customers who have worked with the company over the years. Since the day it first opened for business, Greenshine New Energy has earned a well-deserved reputation for its ever-expanding inventory of solar light solutions. From garden lights and lawn lights to customized street lighting systems and more, Greenshine New Energy is proud to offer high quality solar lights that can be installed anywhere.

The company’s engineering team is extremely adept at developing and integrating not only the solar light sources into their clients’ properties, but also the solar charged controllers, poles and other parts of the solar lighting system. From start to finish, the team from Greenshine New Energy prides itself on offering friendly and outstanding customer service.

Those who wish to read more info about Greenshine New Energy may visit the company’s easy-to-navigate website; there, they can read about the new solar lighting options for a variety of outdoor spaces.

About Greenshine New Energy:

Greenshine New Energy, LLC specializes in developing and manufacturing customized solar powered lighting systems for a wide range of lighting applications. At Greenshine, they specialize in solar street lights, garden lights, and lawn lights for outdoor applications. Their lights can be installed anywhere, especially areas where grid tied electricity is not available. For more information, please visit http://streetlights-solar.com/.

Contact:

Kevin Laurent
sales@streetlights-solar.com
(949)-609-9636

SOURCE: Greenshine New Energy

ReleaseID: 428317