Monthly Archives: July 2019

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Omnicell, Inc. To Contact The Firm 

NEW YORK, NY / ACCESSWIRE / July 31, 2019 / Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Omnicell, Inc. (“Omnicell” or the “Company”) (NASDAQ:OMCL) of the September 16, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Omnicell stock or options between October 25, 2018 and July 11, 2019 and would like to discuss your legal rights, click here: www.faruqilaw.com/OMCL. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

CONTACT:

FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

The lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all those who purchased Omnicell securities between October 25, 2018 and July 11, 2019 (the “Class Period”). The case, Bursick v. Omnicell, Inc., No. 3:19-cv-04150 was filed on July 18, 2019.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose material adverse facts about the Company’s business, operations, and prospects.

Specifically, Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company recognized revenue for certain transactions before fulfilling its performance obligations; (2) that the Company engaged in improper accounting practices to meet revenue targets; (3) that the Company experienced weaker demand for new product lines than it had previously projected; (4) that, as a result, the Company would be required to write-off certain inventory; (5) that the Company misclassified certain expenses as capitalized expenditures; and (6) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects and prospects were materially misleading and/or lacked a reasonable basis.

On July 11, 2019, GlassHouse Research LLC published a report alleging that Omnicell prematurely recognized over $38 million in sales. The report also alleged that new product lines had been pushed onto customers, who were hesitant to purchase more inventory because of implementation issues, and that the Company will need to write off $23 million in obsolete inventory.

On this news, Omnicell’s share price fell from $86.52 per share on July 10, 2019 to $75.11 per share on July 11, 2019-a $11.41 or a 13.19% drop.

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 Omnicell’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.

SOURCE: Faruqi & Faruqi, LLP

ReleaseID: 554194

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $500,000 Investing In Netflix, Inc. To Contact The Firm

NEW YORK, NY / ACCESSWIRE / July 31, 2019 / Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Netflix, Inc. (“Netflix” or the “Company”)(NASDAQ: NFLX) of the September 20, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Netflix stock or options between April 17, 2019 and July 17, 2019 and would like to discuss your legal rights, click here: www.faruqilaw.com/NFLX. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

CONTACT:

FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

The lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all those who purchased Netflix securities between April 17, 2019 and July 17, 2019 (the “Class Period”). The case, Wallerstein v. Netflix, Inc. et al., No. 19-cv-04195 was filed on July 22, 2019, and has been assigned to Judge Lucy H. Koh.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) Netflix would not be able to gain its expected target number of new subscribers in the second quarter of 2019; (2) Netflix would also lose subscribers from the United States in the second quarter of 2019; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times.

On July 17, 2019, after the market closed, Netflix released a letter to shareholders which revealed that Netflix missed its expected target for number of new subscribers. The letter to shareholders revealed that Netflix lost 126,000 subscribers in the United States during the second quarter of 2019. On the same day, Netflix held an earnings call to discuss its financial and operating results for the quarter. During the call, the Company’s Chief Financial Officer attributed the missed subscription target to the “timing of [Netflix’s] content slate” and price increases.

On this news, Netflix’s share price fell from $362.44 per share on July 17, 2019 to a closing price of $315.10 on July 19, 2019: a $47.34 or a 13.06% two-day drop.

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 Netflix’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.

SOURCE: Faruqi & Faruqi, LLP

ReleaseID: 554192

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 In Karyopharm Therapeutics Inc. To Contact The Firm

NEW YORK, NY / ACCESSWIRE / July 31, 2019 / Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Karyopharm Therapeutics Inc. (“Karyopharm” or the “Company”) (NASDAQ:KPTI) of the September 23, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Karyopharm stock or options between March 2, 2017 and February 22, 2019 and/or pursuant to the April 28, 2017 and/or May 7, 2018 common stock offerings and would like to discuss your legal rights, click here: www.faruqilaw.com/KPTI. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

CONTACT:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

The lawsuit has been filed in the U.S. District Court for the District Court of Massachusetts on behalf of all those who purchased Karyopharm securities between March 2, 2017 and February 22, 2019 (the “Class Period”) and/or pursuant to the April 28, 2017 and May 7, 2018 common stock offerings (the “Offerings”). The case, Allegheny County Employees’ Retirement System v. Karyopharm Therapeutics Inc., No. 1:19-cv-11597 was filed on July 23, 2019.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by falsely representing the safety and efficacy of selinexor, a pharmaceutical drug intended for the treatment of various types of cancer that Karyopharm was in the process of developing.

Specifically, Defendants’ material misrepresentations and omissions center on Defendants’ claims regarding results from clinical trials for selinexor’s treatment of patients with certain types of blood cancer. During the Class Period, Defendants claimed that selinexor studies showed that selinexor was “well-tolerated” by patients and explained that there were “no new clinically significant adverse events in the patients receiving selinexor.” The Company repeatedly touted the commercial prospects for selinexor and consistently described selinexor as having a “predictable and manageable tolerability profile” and a “very nice safety profile.” In reality, selinexor was unsafe with limited efficacy.

On February 22, 2019 the Federal Drug Administration (“FDA”) released a briefing document that expressed serious concerns with selinexor. The FDA revealed that, contrary to Karyopharm’s assurances, one of the previously cancelled selinexor trials had resulted in “worse overall survival” for certain patients treated with selinexor, which “highlight[ed] the toxicity of this drug.” The FDA unambiguously concluded that “[t]reatment with selinexor is associated with significant toxicity” and has “limited efficacy.”

On this news, Karyopharm’s fell from $8.97 per share on February 21, 2019 to $5.07 on February 22, 2019-a $3.90 or a 43.48% drop.

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 Karyopharm’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.

SOURCE: Faruqi & Faruqi, LLP

ReleaseID: 554132

CLASS ACTION UPDATE for MMM, BOX and EGBN: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / July 31, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. To determine your eligibility and get free access to our shareholder support tools that provide you with case updates, automated loss calculations and claims recovery assistance, please contact the firm via the links below. There will be no cost or obligation to you.

3M Company (NYSE:MMM)

Lawsuit on behalf of: investors who purchased February 9, 2017 – May 28, 2019
Lead Plaintiff Deadline : September 27, 2019
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/3m-company-loss-form?prid=2701&wire=1

According to the filed complaint, during the class period, 3M Company made materially false and/or misleading statements and/or failed to disclose that: (i) 3M had vast internal evidence dating back decades confirming that polyfluoroalkyl substances (“PFAS”) are toxic (which was first publicly revealed in February 2018 by Minnesota’s Attorney General); (ii) 3M had a decades-long history of suppressing negative information and/or damaging data about PFAS; and (iii) 3M has legal exposure to state, county, and local governments and individuals around the country as a result of its knowledge and intentional concealment of the toxic harm caused by the use of PFAS.

Box, Inc. (NYSE:BOX)

Lawsuit on behalf of: investors who purchased November 28, 2018 – June 3, 2019
Lead Plaintiff Deadline : August 5, 2019
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/box-inc-loss-form?prid=2701&wire=1

According to the filed complaint, during the class period, Box, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was unable to close large deals within the quarter; (2) that, as a result, the Company’s revenue would be materially impacted; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Eagle Bancorp, Inc. (NASDAQCM:EGBN)

Lawsuit on behalf of: investors who purchased March 2, 2015 – July 17, 2019
Lead Plaintiff Deadline : September 23, 2019
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/eagle-bancorp-inc-loss-form?prid=2701&wire=1

According to the filed complaint, during the class period, Eagle Bancorp, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Eagle Bancorp’s internal controls and procedures and compliance policies were inadequate; (ii) the foregoing shortcoming created a foreseeable risk of heightened regulatory scrutiny and the need for the Company undertake its own internal investigations; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

You have until the lead plaintiff deadlines 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, 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.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 554195

PEDEVCO Announces Rebranding and Relocation of Headquarters

The New Brand Reinforces the Company’s Restructuring and Focus on the Permian Basin

HOUSTON, TX / ACCESSWIRE / July 31, 2019 / PEDEVCO Corp. (NYSE American:PED) (the “Company”) today announced the business’ rebrand as “PEDEVCO,” relaunch of its redesigned logo and website at www.pedevco.com, and the upcoming relocation of its Houston headquarters. Effective immediately, the Company will no longer be doing business as “Pacific Energy Development,” a decision which reinforces and highlights the Company’s balance sheet and management restructuring over the last 12 months which has seen the Company emerge debt-free with new management in place, and the Company’s recent establishment of a significant and growing presence in the prolific Permian Basin. In addition, effective September 1, 2019, the Company will be relocating its Houston headquarters to Energy Center II, 575 N. Dairy Ashford, Suite 201, Houston, Texas 77079, which larger office will better accommodate the Company’s growth as it has aggressively expanded over the last 12 months.

J. Douglas Schick, the Company’s President, commented, “We as an organization are proud of what we have accomplished over the last year, and are pleased to announce our rebranding as “PEDEVCO,” the redesign of our Company website and logo, and the expansion of our Houston headquarters to accommodate our growth. We look forward to continuing to execute on our business plan and sharing with the public the results of our efforts in rebuilding PEDEVCO as a strong company that delivers on its promises.”

About PEDEVCO Corp.

PEDEVCO Corp. (NYSE American:PED), is a publicly-traded energy company engaged in the acquisition and development of strategic, high growth energy projects in the United States. The Company’s principal assets are its San Andres Asset located in the Northwest Shelf of the Permian Basin in eastern New Mexico, and its D-J Basin Asset located in the D-J Basin in Weld and Morgan Counties, Colorado. PEDEVCO is headquartered in Houston, Texas.

Cautionary Statement Regarding Forward Looking Statements

All statements in this press release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words “estimates,” “believes,” “hopes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under Item 1A “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 and subsequently filed Quarterly Reports on Form 10-Q under the heading “Risk Factors”. The Company operates in a highly competitive and rapidly changing environment, thus new or unforeseen risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statements, except as otherwise required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company. Readers are also urged to carefully review and consider the other various disclosures in the Company’s public filings with the Securities Exchange Commission (SEC).

Contacts

PEDEVCO Corp.
1-855-733-3826
PR@pedevco.com

SOURCE: Pacific Energy Development (PEDEVCO Corp.)

ReleaseID: 554191

Skeena Closes Final Tranche of Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESSWIRE / July 31, 2019 / Skeena Resources Limited (TSX.V:SKE) (OTCQX:SKREF) (“Skeena” or the “Company”) is pleased to report the closing, subject to the acceptance of the TSX-Venture Exchange, of the second and final tranche of the non-brokered private placement offering (the “Offering”) announced on June 27, 2019. Together with the first tranche, Skeena raised gross proceeds of C$5,032,070.

In connection with the final tranche, Skeena collected gross proceeds of C$1,537,345 from the sale of 3,169,784 flow through shares (“FT shares”) at a price of C$0.485 per FT share.

The net proceeds of the Offering will be used to fund exploration activities on the Company’s projects in the Golden Triangle of British Columbia, as well as for working capital purposes. All of the securities issued under the Financing will be subject to a hold period of 4 months from the closing date of the respective tranche of the Offering. A total for both tranches of C$82,225 was paid in finders’ fees.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Skeena

Skeena Resources Limited is a junior Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The Company’s primary activities are the exploration and development of the past-producing Snip and Eskay Creek mines, both optioned from Barrick. In addition, the Company has completed a Preliminary Economic Assessment on the GJ copper-gold porphyry project.

On behalf of the Board of Directors of Skeena Resources Limited,

Walter Coles Jr.
President & CEO

Cautionary note regarding forward-looking statements

Certain statements made and information contained herein may constitute “forward looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”, “estimates”, “plans”, “expects”, “may”, “will”, “could” or “would”. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America.
Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

CONTACT:

Walt Coles Jr., President & CEO
or Kelly Earle, Vice President Communications
Email: kearle@skeenaresources.com
Tel: (604) 684-8725

SOURCE: Skeena Resources Limited

ReleaseID: 554189

The Search is on for a Student Film to Help Save Coral Reefs

MIAMI, FL / ACCESSWIRE / July 31, 2019 / Through the National “Coral to Action” Student Challenge, the world’s largest coral restoration organization, Coral Restoration Foundation™, is searching for the best short film of a minute or less that tells the world about the crisis facing our coral reefs and how people can help. The challenge is open to all students in the United States in grades K through 12.

Coral Restoration Foundation™ Communications Director, Alice Grainger explains, “It’s not too late for us to make sure that coral reefs are a feature of life on Earth in the future. This is a chance for students throughout the country to lend their voices and their creativity to the fight to save this important ecosystem. We are looking for a film that is creative, inspiring, and unexpected- something that will stop people in their tracks and get them motivated to join the mission!”

https://www.youtube.com/watch?v=ZFjmQPaX0Pc&feature=youtu.be

PUTTING IT TO THE VOTE

Submitted videos will be narrowed to three finalists by an expert panel of judges that includes Emmy Award-winner Angie Lassman from NBC 6, and Richard Vevers, Founder and CEO of The Ocean Agency and the mind behind the critically-acclaimed Netflix hit “Chasing Coral”. Finalist videos will be put to a public vote to find the winner.

Asked why this challenge matters, Vevers responded, “Raising awareness about the coral reef crisis has never been more important. Our actions over the next few years will determine whether we become the first generation to lose a planetary ecosystem… or be the first to save one.”

INCREDIBLE PRIZES

The winning students will receive a state-of-the-art educational aquarium for their school, donated by Titan Aquatic Exhibits. Their video will be hosted on the Coral Restoration Foundation™ website and shared across every one of the organization’s social media accounts with a combined reach of just under half a million people a month.

AMPLIFYING THE MESSAGE

The “Coral to Action” Broadcast Sponsor, NBC 6, is giving America’s students an opportunity to amplify their message. They are joining the mission to save our planet’s coral reefs from extinction and will be airing the winning film on their network and digital platforms.

NBC 6’s Angie Lassman explains why spreading this message is so important, “Through my reporting, I’ve seen that the ocean’s coral is a mirror into the overall health of our planet. When the coral is struggling, many other aspects of the environment are struggling and when the corals are thriving, our environment can thrive. That’s why it’s necessary to put up a good fight against the decimation of our coral reefs before they’re gone forever.”

A WAVE OF CHANGE

This campaign gives all students a chance to empower their communities to create positive change for life in the oceans. For more information and to enter the “Coral to Action” Student Challenge, visit www.coralrestoration.org/coral-to-action.

CONTACT:

Alice Grainger
alice@coralrestoration.org

SOURCE: Coral Restoration Foundation

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Independent Adjudicator Rejects Objections To Atlantic Menhaden MSC Certification, Requests Clarification On One Point

The independent adjudicator wrote that “the objections will be dismissed in all respects,” with one exception to clarify language

WASHINGTON DC / ACCESSWIRE / July 31, 2019 / (Saving Seafood) Today, an independent adjudicator found that most of the objections raised to the certification of the Atlantic menhaden fishery against the Marine Stewardship Council standard are unsubstantiated, dismissing all but one involving the future adoption of ecologically based management, where he is seeking language clarification.

Omega Protein filed for MSC certification for the Atlantic menhaden fishery in 2017, and the fishery was officially recommended for certification by independent certification body SAI Global earlier this year.

Two separate objections to SAI Global’s recommendation were filed: one by the Nature Conservancy and the Chesapeake Bay Foundation, the other by the Theodore Roosevelt Conservation Partnership, the Coastal Conservation Association and the American Sportfishing Association.

After a July 8 hearing at the MSC Office in Washington, D.C., involving all parties, the independent adjudicator, Eldon V.C. Greenberg, found most of the objectors’ claims to be unconvincing.

For example, Mr. Greenberg wrote that the objectors’ assertion that “more recent data” showed that bycatch in the menhaden fishery was higher than previously estimated was “incorrect,” and that low bycatch levels in the fishery do not warrant more significant NOAA observer coverage. He also echoed Omega Protein’s argument that SAI Global was within its right to consider that menhaden management is “conservative and precautionary,” and that current harvest quota “essentially presents a 0% risk of exceeding overfishing thresholds.”

Significantly, Mr. Greenberg backed up SAI Global’s finding that, while the Atlantic States Marine Fisheries Commission (ASMFC) continues to work on ecosystem-based management of menhaden, it is enough that there is “a suite of measures in place that act together to avoid ecosystem risks.”

Another main argument made by the objectors involved the cap on menhaden harvest in the Chesapeake Bay of 51,000 mt, created by the ASMFC but not adopted by the state of Virginia. The objectors essentially argued that SAI Global should have made an independent judgment of the different management regimes of the ASMFC and Virginia, according to Mr. Greenberg.

On this topic, Mr. Greenberg wrote that SAI Global and Omega Protein “have the better of the argument.” He cited Omega Protein’s arguments that the Bay cap has never actually been exceeded, and that the ASMFC has not found the state of Virginia out of compliance with its management plan, writing, “In the absence of any action by the Commission, [SAI Global] would be treading on shaky ground indeed to find non-compliance on its own initiative, especially when the [total allowable catch] has never actually been exceeded.”

Only on the issue of ecologically based management did Mr. Greenberg not fully dismiss the objectors’ claims. He requested SAI Global issue language clarifying which jurisdictions need to implement the soon-expected ecologically based management measures, and how they are required to implement them. Mr. Greenberg stated that only the language should be changed, but added that there should be no changes to justifications for the recommendation. SAI Global now has 10 days to provide the clarifying language.

Omega Protein and Daybrook Fisheries have also jointly filed for MSC certification for the Gulf menhaden fishery, which has also received a preliminary recommendation for certification by SAI Global.

PRESS CONTACT

Bob Vanasse
Executive Director, Saving Seafood
(202) 333-2628
bob@savingseafood.org

SOURCE: Saving Seafood

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CLASS ACTION UPDATE for NFLX, NGHC and MNK: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / July 31, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. To determine your eligibility and get free access to our shareholder support tools that provide you with case updates, automated loss calculations and claims recovery assistance, please contact the firm via the links below. There will be no cost or obligation to you.

Netflix, Inc. (NASDAQGS:NFLX)

Lawsuit on behalf of: investors who purchased April 17, 2019 – July 17, 2019
Lead Plaintiff Deadline : September 20, 2019
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/netflix-inc-loss-form?prid=2700&wire=1

According to the filed complaint, during the class period, Netflix, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Netflix would not be able to gain its expected target number of new subscribers in the second quarter of 2019; (2) Netflix would also lose subscribers from the United States in the second quarter of 2019; and (3) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

National General Holdings Corp. (NASDAQGM:NGHC)

Lawsuit on behalf of: investors who purchased August 6, 2015 – August 9, 2017
Lead Plaintiff Deadline : September 23, 2019
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/national-general-holdings-corp-loss-form?prid=2700&wire=1

According to the filed complaint, during the class period, National General Holdings Corp. made materially false and/or misleading statements and/or failed to disclose that: (a) National General was perpetrating a massive forced-placed CPI scheme to fraudulently saddle its own customers with unwanted and unneeded automobile insurance policies that it had underwritten; (b) National General’s illicit conduct in foisting unwanted and unneeded automobile insurance on its customers had resulted in some of the victims being declared delinquent, suffering adverse impacts to their creditworthiness, and/or having their cars improperly repossessed; (c) National General was exposed to an extreme risk of regulatory scrutiny, legal risks, and reputational harm as a result of its participation in the forced placed CPI scheme; (d) the Company had failed to maintain effective internal controls over its financial reporting, including by failing to maintain formal documentation sufficient to reasonably ensure the accuracy of internal reporting and accounting procedures across much of its business, including with respect to insurance policy premiums; (e) the Company’s reported quarterly revenues and policy premiums were in part the product of a fraudulent forced-placed insurance scheme and were therefore artificially inflated and unsustainable; and (f) National General had in fact lost substantial business with Wells Fargo because Wells Fargo had terminated the forced-placed CPI scheme after concluding that it posed excessive reputational risk and legal exposure.

Mallinckrodt Public Limited Company (NYSE:MNK)

Lawsuit on behalf of: investors who purchased February 28, 2018 – July 16, 2019
Lead Plaintiff Deadline : September 24, 2019
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/mallinckrodt-public-limited-company-loss-form?prid=2700&wire=1

According to the filed complaint, during the class period, Mallinckrodt Public Limited Company made materially false and/or misleading statements and/or failed to disclose that: (i) Acthar posed significant safety concerns that rendered it a non-viable treatment for ALS; (ii) accordingly, Mallinckrodt overstated the viability of Acthar as an ALS treatment; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

You have until the lead plaintiff deadlines 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, 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.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

ReleaseID: 554187

Blue Lagoon Resources Commences Its Phase One Work Program at Golden Wonder

VANCOUVER, BC / ACCESSWIRE / July 31, 2019 / Blue Lagoon Resources Inc. (CNSX:BLLG) (the “Company”) is pleased to announce that it has started its phase one work program at the Golden Wonder property (the “Property”).

Dahrouge Geological Consulting Ltd. has begun the field work for the phase one exploration program at the Property, which is located within northwest British Columbia, near the community of Hazelton. The Property has excellent infrastructure, including proximity to major highways, rail and power.

Previous results from the 2017 and 2018 exploration at the Golden Wonder area expanded the zone of anomalous gold, copper and cobalt to approximately 500 metres of strike length. A high proportion of rock samples displayed anomalous gold values (See the Compnay’s News Release of July 16, 2019 for details of the previous anomalous gold sample data).

The phase one program will consist of a ground magnetic survey and soil sampling with the intent to expand the existing gold mineralization. This work will be focused to the east-northeast and west-southwest ends where anomalous soil samples were identified, as well as, infill where a number of highly anomalous soil samples were located between mapped outcrops, with values of up to 3.97 and 5.89 g/t Au reported.

About the Golden Wonder Property

The property comprises five contiguous mineral claims that cover an area of approximately 7,327 hectares, approximately one kilometre south of the Yellowhead Highway, a major interprovincial highway in Western Canada. The west end of the property (the Golden Wonder area) can be reached by a gravel road that links to Highway 16 (southwest of Sealey Lake Provincial Park). ATV (all-terrain vehicle) trails run west from this road north (for about 1,400 metres) and south (for about 1,100 metres) of Denys Lake. The northern section of the property is mostly accessible from Highway 16 by ATV along trails or by foot.

The Property encompasses several historic copper, gold and cobalt mineral showings, including Golden Wonder, Daley West, Hecla, Black Prince, Blue Lake and Silvertip Glacier. The Golden Wonder showing has received the most attention historically, with exploration work recorded as early as 1912.

The exploration target is a Besshi-type massive sulphide occurrence similar to the Windy Craggy Deposit in northwest British Columbia, which remains one of the largest undeveloped deposits for copper, gold and cobalt worldwide.

The technical information contained in this news release has been reviewed and approved by Janine Brown, BSc, P.Geo., who is a qualified person as defined under National Instrument 43-101. The Golden Wonder property’s NI 43-101 Technical Report is available under the company’s profile on SEDAR.

Contact Information

For more information, please contact:
Rana Vig – President & CEO
Telephone: 604-218-4766
E-mail: ranavig@gmail.com

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward looking information can be found in the company’s disclosure documents on the SEDAR website at www.sedar.com.The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

SOURCE: Blue Lagoon Resources Inc.

ReleaseID: 554183