NEW YORK, NY / ACCESSWIRE / March 15, 2017 / The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Babcock & Wilcox Enterprises, Inc. (“Babcock & Wilcox”) (NYSE: BW) between July 1, 2015 and February 28, 2017. You are hereby notified that Levi & Korsinsky has commenced the securities class action lawsuit Hegeman v. Babcock & Wilcox Enterprises, Inc., et al. (Case No. 3:17-cv-00125-MOC-DCK) in the USDC for the Western District of North Carolina. To get more information go to:

http://www.zlk.com/pslra-sa/babcock-wilcox-enterprises-inc

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The complaint alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose: (1) the issues with the Company’s European renewable contract, including the issues it caused with productivity and schedule issues in other Renewable segment projects; (2) the effect these issues would have on the Company’s financials and the Company’s ability to meet its guidance.

On February 28, 2017, Babcock & Wilcox announces its fourth quarter and full year 2016 financial results, announcing it lost $71.6 million or $1.47 per share in the fourth quarter. The Company also announced it took charges in the fourth quarter of 2016 resulting from its Renewable business.

If you suffered a loss in Babcock & Wilcox you have until May 2, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street – 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 457384

CRANBERRY TOWNSHIP, PA / ACCESSWIRE / March 15, 2017 / InterMountain Management is proud to announce the opening of the 96-suite TownePlace Suites by Marriott in Cranberry Township, located at 2020 Cool Springs Drive. The TownePlace Suites is just off of I-79 and PA-228, steps away from the UPMC Sports Complex, the Pittsburgh Penguins training facility, and minutes from Thornhill Industrial Park and Cranberry Woods Business Park. The hotel offers guests convenient access to local restaurants, retail shopping and entertainment.

John Sherman, the General Manager, said, “We have assembled an amazing team that is ready to welcome guests to our new TownePlace Suites Pittsburgh Cranberry Township. We offer an innovative design with upgraded amenities and excellent service. Our TownePlace Suites Marriott hotel will be a great addition to the hospitality industry in Cranberry Township.”

“We are honored to open the first TownePlace Suites in the Cranberry market and are ready to ‘wow’ our guests with our beautiful extended-stay product. We invite everyone to come out and experience the superior value that we provide at our TownePlace Suites Marriott hotel. Our team is looking forward to serving all of your future hotel needs, whether traveling on business or for leisure!” said Stacy Counihan, Regional Director of Sales.

ABOUT INTERMOUNTAIN MANAGEMENT

As one of North America’s largest hotel management and development companies, InterMountain Management specializes in the select-service and extended-stay hotel segments. For over 30 years, InterMountain Management’s dedication to success is proven in the results as a hotel owner, management company and hotel developer. They currently own and/or manage approximately 70 premium branded hotels nationwide, with an additional 20 in their pipeline. For more information, or to view hotel locations across the U.S., visit their website at www.intermountainhotels.com.

ABOUT TOWNEPLACE SUITES

TownePlace Suites by Marriott is an all-suite, extended-stay hotel brand in the moderate price range. Ranked highest in the Extended Stay category in the J.D. Power 2013 North America Hotel Guest Satisfaction Index Study, TownePlace Suites has also been #1 for mid-price extended stays in Business Travel News’ Hotel Chain Survey in 2011, 2012 and 2013. Ideal for travelers who need accommodations for longer stays, TownePlace Suites offers studio and one-bedroom suites with fully equipped kitchens and separate living/working and sleeping areas. Launched in 1997, the brand currently has more than 200 locations in the United States and Canada. TownePlace Suites participates in the award-winning Marriott Rewards® frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information or reservations, call the TownePlace Suites at 724-779-7500, or visit www.marriott.com/pitrr.

Contact:

Stacy Counihan
info@intermountainhotels.com

SOURCE: InterMountain Management

ReleaseID: 457394

CHANIA, GREECE / ACCESSWIRE / March 15, 2017 / JR Technologies and International Airlines Group (IAG) have signed an agreement to cooperate on developing NDC related software that will accelerate digital innovation and support IAG’s airlines’ NDC Strategy.

“We chose JR Technologies because of its rapid prototyping capability. NDC is still in its infancy and we need a partner who is agile enough to support us and keep pace with a fast changing marketplace,” said Glenn Morgan Head of Digital Business Transformation, IAG.

“JR Technologies’ strength is in our experience and in our thorough knowledge of NDC. We are happy to support IAG in its progress towards NDC adoption and pledge our full resources and R&D capabilities to enable airlines to reach a profitable retailing model,” said George Khairallah, President of JR Technologies.

JR Technologies is a thought leader in airline retailing and New Distribution Capabilities (NDC). Established in 2015 in Chania, on the Island of Crete, the JR Technologies Innovation Center is dedicated to supporting NDC adoption and boasts rapid prototyping and R&D capabilities unparalleled in the travel industry. With its locations in Athens (Greece), Dublin (Ireland), JR Technologies offers end-to-end NDC enabled airline retailing solutions that support both direct and indirect distribution.

International Airlines Group is one of the world’s largest airline groups with 548 aircraft flying to 274 destinations and carrying almost 95 million passengers each year. It is the third largest group in Europe and the sixth largest in the world, based on revenue. Formed in January 2011, IAG is the parent company of Aer Lingus, British Airways, Iberia and Vueling. It is a Spanish registered company with shares traded on the London Stock Exchange and Spanish Stock Exchanges.

Media Contact:

JR Technologies
Ms. Theodora Tsinonis
Phone: +30 28 2100 8700 ext 222
Email: t.tsinonis@jrtechnologies.com

IAG
Andrew May
andrew.may@iairgroup.com

SOURCE: JR Technologies

ReleaseID: 457279

NEW YORK, NY / ACCESSWIRE / March 15, 2017 / The Pawar Law Group announces a class action lawsuit on behalf of Patriot National, Inc. (NYSE: PN) investors who purchased Patriot National stock between August 15, 2016 and March 3, 2017, inclusive (the “Class Period”). The suit is for recovery of investor losses.

To participate in this class action lawsuit, visit the firm’s website at http://pawarlawgroup.com/cases/patriot-national-inc/ or email Vik Pawar, Esq. at vik@pawarlawgroup.com or call toll free at (866) 999-0873.

No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the complaint, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the alleged breaches of fiduciary duty by Patriot National CEO Steve Mariano, and alleged related party transactions that served to benefit Mr. Mariano to the detriment of other Company shareholders. Specifically, the complaint alleges that Defendants failed to disclose: (1) that the Patriot National special committee was beholden to Mariano; (2) that, as such, the special committee was operating for the benefit of Mariano, and not the Company or its shareholders; (3) that the special committee did not independently assess the merits of the Ebix transaction; (4) that the special committee was not exploring strategic alternatives in order to maximize shareholder value; and (5) that, as a result of the foregoing, Defendants’ statements about Patriot National’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you wish to serve as lead plaintiff, you must move the Court no later than May 15, 2017. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You may join the case here: http://pawarlawgroup.com/cases/patriot-national-inc/ or email Vik Pawar, Esq. at vik@pawarlawgroup.com

Contact:

Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (212) 571-0805
Fax: (212) 571-0938
vik@pawarlawgroup.com

SOURCE: Pawar Law Group

ReleaseID: 457390

NEW YORK, NY / ACCESSWIRE / March 15, 2017 / The Pawar Law Group announces a class action lawsuit on behalf of Kandi Technologies Group, Inc. (NASDAQ: KNDI) investors who purchased Kandi stock between March 16, 2015 and March 13, 2017, inclusive (the “Class Period”). The suit is for recovery of investor losses.

To participate in this class action lawsuit, visit the firm’s website at http://pawarlawgroup.com/cases/kandi-technologies-group-inc/ or email Vik Pawar, Esq. at vik@pawarlawgroup.com or call toll free at (866) 999-0873.

No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the complaint, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) certain areas in Kandi’s previously issued financial statements for the years ended December 31, 2015 and 2014, and the first three quarters for the year ended December 31, 2016 required adjustment; (2) in turn, Kandi lacked effective controls over financial reporting; and (3) as a result, defendants’ statements about Kandi’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On November 14, 2016, Kandi announced the abrupt resignation of Cheng Wang as its CFO. On this news, shares of Kandi fell $0.40 per share or over 10% from its previous closing price to close at $3.50 per share on November 14, 2016, damaging investors. On March 14, 2017, Kandi revealed that its previously issued financial statements for the years ended December 31, 2015 and 2014, and the first three quarters for the year ended December 31, 2016 will need to be restated. On this news shares of Kandi fell $0.30 per share or approximately 7% to close at $4.05 per share on March 14, 2017, further damaging investors.

If you wish to serve as lead plaintiff, you must move the Court no later than May 15, 2017. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. You may join the case here: http://pawarlawgroup.com/cases/kandi-technologies-group-inc/ or email Vik Pawar, Esq. at vik@pawarlawgroup.com

Contact:

Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (212) 571-0805
Fax: (212) 571-0938
vik@pawarlawgroup.com

SOURCE: Pawar Law Group

ReleaseID: 457389

NEW YORK, NY / ACCESSWIRE / March 15, 2017 / The Pawar Law Group announces it is investigating potential securities claims on behalf of shareholders of Walter Investment Management Corp. (WAC) resulting from allegations that the Company may have issued materially misleading business information to the investing public.

On March 14, 2017, Walter disclosed that “[a]s of December 31, 2016, we identified a material weakness in internal controls over operational processes within the transaction level processing of Ditech Financial default servicing activities.” Walter also disclosed that it subsidiary, RMS, received a subpoena from the Office of Inspector General of HUD dated January 12, 2017 “requesting certain documents and information relating to the origination and underwriting of certain specified loans.” Walter further disclosed that the investigation, which is being conducted in coordination with the U.S. Department of Justice, Civil Division, could lead to a demand or claim under the False Claims Act, which allows for penalties and treble damages, or other statutes. On this news, shares of Walter fell sharply during intraday trading on March 14, 2017.

Our investigation concerns whether the Company issued false and misleading statements to investors causing investor losses. If you own Walter shares and wish to learn how to protect your investment and recover your losses in Walter stock, please visit http://pawarlawgroup.com/cases/walter-investment-management-corp/
or contact Vik Pawar at 212-571-0805.

Contact:

Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (212) 571-0805
Fax: (212) 571-0938
vik@pawarlawgroup.com

SOURCE: Pawar Law Group

ReleaseID: 457388