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SAN DIEGO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Lilium N.V. (NASDAQ: LILM) securities between June 11, 2024 and November 3, 2024. Lilium is a start-up aviation company engaged in the research and development of an electric vertical takeoff and landing jet. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Lilium N.V. (LILM) Failed to Disclose its Pending Insolvency to Investors According to the complaint, during the class period, defendants failed disclose to investors that they: (1) overstated the progress of the Company’s fundraising activities; (2) overstated the likelihood and/or feasibility of obtaining sufficient funding to continue operations; and (3) failed to sufficiently disclose the imminent insolvency of the Company and its subsidiaries. Plaintiff alleges that on October 24, 2024, before the market opened, Lilium disclosed that it had been unable to raise sufficient additional funds to continue the operations of the Company’s principal operating wholly owned German subsidiaries. As a result, the managing directors of the subsidiaries determined that they are overindebted and are, or will, become unable to pay their existing liabilities. The Company disclosed that, subject to certain limited exceptions, the Company will lose control of the subsidiaries. On this news, Lilium’s stock price fell $0.33, or 61.6%, to close at $0.21 per share on October 24, 2024. The Company’s stock price continued to fall in the subsequent trading day, falling $0.06, or 28.8%, to close at $0.15 per share on October 25, 2024. The complaint further alleges that on November 4, 2024, before the market opened, the Company reported that, following the insolvency of the Company’s subsidiaries, Lilium had not been able to raise sufficient additional funds to conduct its ongoing business consistent with past practice. The Company disclosed that “funding for the Company is not feasible.” As a consequence, the Company would be “obliged to file for insolvency.” On this news, Lilium’s stock price fell 15.5%, to close at $0.083 per share on November 4, 2024. The Company’s stock price continued to fall in the subsequent trading day, falling 36.97%, to close at $0.052 per share on November 5, 2024. What Now: You may be eligible to participate in the class action against Lilium N.V. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by January 6, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Lilium N.V. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/82a357b9-b37e-48a2-a286-6e17ce98d820
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A business owner said he is devastated after a van reversed into his shop twice causing significant damage. The incident happened at around 2.30am on the morning of Sunday, December 15 at the Vape Labs store on Broadway near Adamsdown in Cardiff . CCTV footage taken by Vape Labs owner Atiq Rahman shows the Vauxhall van mount the kerb outside his premises and reverse into the building once before moving forward and reversing into the building again and then driving away. South Wales Police said an investigation is ongoing but no arrests have yet been made. Mr Rahman said: “They reversed twice into the shop. They reversed, mounted the kerb and smashed into the shop, then went forward again and reversed back into the shop. It’s happened twice. I couldn’t believe it when I saw the footage.” Mr Rahman arrived at the store the following morning to find it in a mess with the window put through, broken glass all over the floor and damaged stock. He said the business had been struggling since opening in the premises earlier this year but had been starting to find its feet before the incident last week. “I’ve now put two cameras on the outside of the shop and I’ve replaced the shutter door with a more heavy duty door, but the glass which has broken is more difficult to replace. It’s a custom-made glass and we’re getting quotes we can’t afford. Currently we’ve got electric heaters in here to keep staff warm because there’s no glass in the window.” A spokesperson for South Wales Police said: “South Wales Police were called at 2.30am on Sunday December 15 to reports of a Vauxhall Van driving into the front of a shop on Broadway in Adamsdown, Cardiff. No arrests have been made and investigation into the incident are ongoing.” For the latest Cardiff news, sign up to our newsletter here Join our WhatsApp news community here for the latest breaking news. You will receive updates from us daily.
NEW YORK (AP) — Minnesota pitchers Justin Topa and Brock Stewart agreed to one-year contracts ahead of Friday's tender deadline along with fellow right-hander Triston McKenzie of Cleveland and Cole Sulser of Tampa Bay. Agreements and non-tenders reduced players eligible for arbitration to 169 from 238 at the start of last week. Teams and players are to exchange proposed arbitration salaries on Jan. 9, 2025, and those who don’t reach agreements will be scheduled for hearings from Jan. 27 through Feb. 14, 2025, in St. Petersburg, Florida. Topa was guaranteed $1,225,000 as part of a deal that included a $1 million salary for 2025 and a $2 million team option for 2026 with a $225,000 buyout. Stewart agreed to an $870,000 salary and can earn $30,000 in bonuses for days on the active roster: $10,000 for 112 and $20,000 for 142. McKenzie agreed to a $1.95 million, one-year contract and Sulser to a one-year deal that pays $900,000 in the major leagues and $450,000 while in the minors. AP MLB: https://apnews.com/hub/MLBBrie Larson has traded in her long, golden blond tresses for a dramatic new ‘do. The “Captain Marvel” star chopped off her locks ahead of her upcoming West End performance in the drama “Elektra,” where she’ll portray the titular character. Larson, 35, debuted the hair major transformation — a brunette pixie cut with side swept bangs — in new snaps shared via Instagram on Monday. “Elektra is here,” the actress captioned her post . Although Larson uploaded the snapshots in black-and-white, it appears she opted for a much darker hue. In the first slide, the Oscar winner was pictured grinning ear-to-ear as she showed off the new look. The second slide featured her offering up a more serious pose, complete with a smize. The “Lessons in Chemistry” star also posted a more up-close look at the hairstyle via her Instagram Story, captioning the selfie with a simple black heart emoji. The transformation comes less than two months before Larson is set to take the stage at Brighton, England’s Theatre Royal. Larson will portray the role of Elektra, a woman who is “haunted by her father’s assassination” and is “consumed by grief, a need for survival and a thirst for vengeance,” per the play’s website . The production of “Elektra” will be based off of the Sophocles-written Greek tragedy and translated by poet Anne Carson. Soon after Larson shared pics of her pixie cut with her social media followers, many of them took to the comments section to express how perfect her transformation is as she gets into character for the role. “your face is so dynamic and matches nicely with so many hair styles, this cut is no exception,” one admirer gushed via X . “YOUR HAIR?!! OMGGGGG!!!! YOU LOOK SO GOOD AS ELEKTRA!!” another wrote underneath Larson’s post on X. Despite many adoring Larson’s physical transformation into Elektra, others weren’t as pleased. “It’s different. I must admit I do prefer the longer hair,” one netizen wrote , while another added , “Ow no. What did you do! Cant wait for it to grow back!!” Meanwhile, a separate follower had Jennifer Garner’s 2005 version of Elektra in mind. “Not the Elektra I was thinking of,” they wrote alongside a photo of Garner in the poster for the film. Larson’s play will run at the Theatre Royal in Brighton from Jan. 13 to Jan. 18 and later at London’s Duke of York Theater from Jan. 24 to April 12.
Pro Medicus shares higher on $30m contract winA week ago, Matt Gaetz was on his way to becoming Donald Trump’s avenging angel as U.S. Attorney General, the nation’s top law enforcement official. But now that the former Florida congressman has withdrawn his nomination amid persistent questions about his involvement in a sex scandal involving a 17-year-old girl, his political prospects are not so clear put. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get the latest news, sports, weather and more delivered right to your inbox.Big pay days, mammoth pay cuts and stars on the outer - Aussie winners and losers from IPL auction
Winston's performance in snowy win over Steelers adds new layer to Browns' quarterback conundrum - The Associated PressTrump aims to appoint son-in-law’s father as US ambassador to France
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Milestone deal for DAZN's position as the global home of sport. This acquisition establishes DAZN's sports platform in Australia , one of the world's most attractive sports markets. Foxtel Group will leverage DAZN's global reach, industry-leading technology and extensive content portfolio to further enhance the viewing experience for Australian sports fans. LONDON , NEW YORK , and SYDNEY , Dec. 22, 2024 /PRNewswire/ -- DAZN , a world-leading sports entertainment platform, has today announced an agreement to acquire Foxtel Group (' Foxtel ') from its majority shareholder News Corp and minority shareholder Telstra at an enterprise value of US$2.2 billion , subject to regulatory approval. The acquisition establishes DAZN as a leader in sports entertainment in Australia – a highly attractive sports market – while also expanding DAZN's global footprint and enhancing the group's standing as the global home of sport. The addition of Foxtel to DAZN brings the Group's pro-forma revenues towards US$6 billion and provides the additional content, expertise, and expansion opportunities to accelerate DAZN's growth trajectory. Foxtel is one of Australia's leading media companies, with 4.7 million subscribers, who will benefit from DAZN's extensive portfolio of sports content, platform technology, and global reach. From its beginnings as Australia's original pay-TV innovator, Foxtel has evolved to become a digital and streaming leader in sports and entertainment and the proposed transaction positions Foxtel for continued expansion as a digital-first, streaming-focused business. Foxtel will maintain its local character, led by the CEO, Patrick Delany , and his world-class management team. DAZN, a sports streaming platform with a truly global reach, is committed to growing the global audience for domestic Australian sports across the 200 territories in which it is available. Under the terms of the transaction, News Corp and Telstra will become minority shareholders in DAZN, enabling them to retain an interest in Foxtel. Shay Segev , Chief Executive Officer of DAZN, said: "Australians watch more sport than any other country in the world, which makes this deal an incredibly exciting opportunity for DAZN to enter a key market, marking another step in our long-term strategy to become the global home of sport. Foxtel is a successful business that has undergone a remarkable digital transformation in recent years, and we are confident that our global reach and relentless pursuit of innovation will continue to drive the business forward and ensure long-term success. "We are committed to supporting and investing in Foxtel's television and streaming services, across both sports and entertainment, using our world-leading technology to further enhance the viewing experience for customers. We are also committed to using our global reach to export Australia's most popular sports to new markets around the world, and we will continue to promote women's and under-represented sports. "We're looking forward to working closely with Patrick Delany and his team, as well as News Corp and Telstra as shareholders in DAZN, to realise our ambitious vision for the future of sport entertainment." Siobhan McKenna , the Chairman of Foxtel , said the agreement with DAZN was international recognition of the transformation of Foxtel from an incumbent pay TV operator to a sports and entertainment digital and streaming leader. "Over the last seven years the Foxtel team, with the strong support of News, have achieved an extraordinary turnaround in an intensely competitive environment." Foxtel Group CEO, Patrick Delany , said: "Today's announcement is a natural evolution for the Foxtel Group, having reinvented the company over the past five years as Australia's most dynamic technology-led streaming company. "Kayo and Foxtel provide Australian sports fans with access to the best Australian and international sport and shows, including AFL, NRL and Cricket with 4.7 million subscribers. "We are excited by DAZN's commitment to the Australian market. They are experts in the sports media business and can play a significant role in supporting Foxtel as the business grows its streaming capabilities, bringing a bigger and better service to customers across entertainment, news and sport. They are a perfect match for us as we look toward this next era of growth. "We have been grateful for the support of News Corp while we reimagined the future of Foxtel. In 2019, when we merged Foxtel and Fox Sports we had many people questioning our future. "After launching Kayo later in 2019 and BINGE in 2020, today we are the largest Australian-based streamer of sport and entertainment, we have stabilised our Foxtel base and launched Hubbl to help consumers find all the streamed content they love all in one place. This wouldn't have been possible without the support and encouragement of News Corp." NOTES TO EDITORS About DAZN As a world-leading sports entertainment platform, DAZN streams over 90,000 live events annually and is available in more than 200 markets worldwide. DAZN is the home of European football, women's football, boxing and MMA, and the NFL internationally. The platform features the biggest sports and leagues from around the world – Bundesliga, Serie A, LALIGA, Ligue 1, Formula 1, NBA, Moto GP, and many more including the 2025 FIFA Club World Cup. DAZN is transforming the way people enjoy sport. With a single, frictionless platform, sports fans can watch, play, buy, and connect. Live and on-demand sports content, anywhere, in any language, on any device – only on DAZN. DAZN partners with leading pay-TV operators, ISPs and Telcos worldwide to maximise sports exposure to a broad audience. Its partners include Deutsche Telekom, Orange, Sky, Movistar, Telenet, Vodafone, and many more. DAZN is a global, privately-owned company, founded in 2016, with more than 3,000 employees. The Group generated $3.2bn in revenue in 2023, having grown its annual revenues by over 50% on average from 2020 to 2023, through diverse revenue streams comprising subscriptions, advertising, sponsorship, and transactional. For more information on DAZN, our products, people, and performance, visit www.dazngroup.com . About Foxtel The Foxtel Group is one of Australia's leading media companies with 4.7 million subscribers. Its businesses include subscription television, streaming, sports production and advertising. The Foxtel Group is owned 65% by News Corp and 35% by Telstra. The Foxtel Group's diversified business includes Fox Sports, Australia's leading sports production company, famous for live sports and shows with the best commentators and personalities. It is also the home of local and global entertainment content and continues to be the partner of choice for the widest range of sports and international content providers based on established, long-term relationships, growing streaming audiences, and position as the largest Australian-based subscription television company. View original content: https://www.prnewswire.com/news-releases/dazn-advances-global-expansion-with-acquisition-of-foxtel-a-leading-australian-sports-and-entertainment-media-group-302337994.html SOURCE DAZN
Women leaders and activists, who actively participated in the July uprising, yesterday said despite their contributions at every level, they have been systematically sidelined in the post-movement period. They pointed out that equal representation of women was not ensured in the reform commissions or other state institutions. They added that the longstanding culture of denying women their rightful roles and excluding them from various sectors continues unabated. They made these remarks at a discussion titled "Dialogue on Women of the Mass Uprising: Where Did the Women Go?" held at the Jatiya Press Club, where injured participants and female activists shared their experiences. The event was jointly organised by two volunteer organisations, Loraku 24 and Empowering Our Fighters. Umama Fatema, spokesperson for the Anti-Discrimination Student Movement, said it has become evident that there was a deliberate and successful attempt to sideline women in the aftermath of the uprising. "When male leaders were arrested, women stepped up to lead and continued until August 5. But after that, I was completely sidelined. Attempts were made to portray men as the heroes of the movement, and I began experiencing an identity crisis," she said. "Women leaders were harassed on social media, and those in power took no action. This further marginalised the women who participated in the movement," she added. Nazifa Jannat, a student of East West University and coordinator during the movement, said, "It is deeply unfortunate that we are now compelled to assert that we, too, were part of the movement." "People are asking, 'Where are the women now?' This question should be directed at the political parties that, despite their capacity, failed to include women," she said, calling on the media to raise such questions. She emphasised the importance of increasing women's representation in positions of power. "Women should not have to demand recognition for their roles; it is the state's responsibility to acknowledge them. We protested against discrimination in the past, and we did so to eradicate all forms of inequity," she said. Dr Worthy Jukhrif, who provided medical aid alongside Dr Hritisha Aktar Mitheen to over 100 injured persons during the uprising, said, "We believe women should be equally represented in every sector of the state, including the Reform Commission, to eliminate all forms of discrimination." Jannatul Ferdous Nitu, a second-year student at Barisal Government College, said, "No female students were included in the advisory council. Even though one woman was named spokesperson for the main committee, she has been noticeably absent in press releases and other activities," she said. Samia Akhter Jannat, a tenth-grade student who was injured multiple times during the movement, said not only are women's contributions unacknowledged, but they are also being deliberately excluded. Sabina Yasmin, a protester and female labourer from Ashulia, observed, "Many labelled the uprising as a student movement. In reality, labourers, including female workers, participated spontaneously. Many women were injured or killed, yet their sacrifices remain unrecognised." Sumaiya Nishu, a student from Noakhali, pointed out, "While women in Dhaka have some visibility in state affairs, women from outside Dhaka are completely overlooked." Sabrina Akhter, a student from Begum Rokeya University, said, "Despite our active participation, the media continues to focus primarily on men, perpetuating past inequalities against women." Shamima Sultana Lavu, a senior journalist from Channel 24 who was injured during the movement, explained, "During the movement, press secretaries monitored media houses, and we were even temporarily taken off-air. Yet, we persisted. The footage we couldn't air domestically, we shared with international media." She added that while a small number of media personnel were compromised, the entire journalist community often bears the brunt of public anger. The event was inaugurated by Ainun Nahar, the mother of Naima Sultana, a student killed during the uprising. Recalling her daughter's aspirations to become a doctor, Ainun said, "We moved to the city for her education, but her death shattered all our dreams. My daughter even argued with me when I discouraged her participation in the movement." She urged the inclusion of the uprising and its martyrs in textbooks and demanded punishment for those responsible for the killings. The event also featured speeches from women who played significant roles in rehabilitating injured and bereaved families from abroad.Moses: Rescued Nigerian footballer returns
Trump picks Charles Kushner, Jared Kushner's father, as ambassador to FranceHUNTSVILLE, Ala. (AP) — Paul Zilinskas put up 32 points as IU Indianapolis beat Alabama A&M 88-83 on Monday. Zilinskas shot 11 for 20 (5 for 10 from 3-point range) and 5 of 5 from the free-throw line for the Jaguars (3-5). Jarvis Walker scored 13 points while going 3 of 9 from the floor, including 2 for 5 from 3-point range, and 5 for 7 from the line. Timaris Brown and Sean Craight both added 11 points. Darius Ford led the Bulldogs (4-4) in scoring, finishing with 20 points, six rebounds, seven assists and two steals. Anthony Bryant added 17 points for Alabama A&M. Chad Moodie also had 16 points and three blocks. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar . For copyright information, check with the distributor of this item, Data Skrive.
The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . OXFORD, Ohio (AP) — Reece Potter scored 19 points off the bench to help lead Miami (OH) past Sacred Heart 94-76 on Sunday. Potter went 8 of 8 from the field (3 for 3 from 3-point range) for the RedHawks (7-4). Kam Craft scored 12 points and added five rebounds. Brant Byers had 10 points and shot 4 for 7, including 1 for 4 from beyond the arc. Tanner Thomas finished with 15 points for the Pioneers (4-8). Sacred Heart also got 11 points from Griffin Barrouk. Fallou Gueye also had 10 points. Miami (OH) took the lead with 9:42 remaining in the first half and never looked back. Potter led their team in scoring with nine points in the first half to help put them up 50-30 at the break. Miami (OH) was outscored by Sacred Heart in the second half by a two-point margin, but still wound up on top, while Potter led the way with a team-high 10 second-half points. Miami (OH)'s next game is Monday against Defiance at home, and Sacred Heart hosts Manhattanville on Sunday. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .NEWTOWN, Pa. , Nov. 25, 2024 /PRNewswire/ -- Edelson Lechtzin LLP is investigating potential violations of the federal securities laws involving e.l.f. Beauty, Inc. ("e.l.f. Beauty") (NYSE: ELF) resulting from allegations of providing potentially misleading business information to the investing public. If you have non-public information that could assist in the e.l.f. Beauty Investigation or if you are an e.l.f. Beauty investor who suffered a loss and would like to learn more, you can provide your information HERE . You can also contact attorneys Eric Lechtzin of Edelson Lechtzin LLP by calling 844-563-5550 ext. 1, or via e-mail at elechtzin@edelson-law.com . THE COMPANY: e.l.f. Beauty, Inc. produces cosmetics and skincare under brands like e.l.f. Cosmetics and Well People. Founded in 2004 and headquartered in Oakland, California , e.l.f. Beauty sells products globally through retailers and e-commerce. THE ALLEGED WRONGDOING : On November 20, 2024 , Muddy Waters Research released a report disclosing its short position in e.l.f. Beauty. The report accused the company of significantly overstating its revenue over the last three quarters. According to Muddy Waters, e.l.f. Beauty allegedly inflated its revenue and profits starting in the second quarter of fiscal year 2024 to conceal declining growth. The report also claimed that the company's inventory figures were artificially inflated to account for uncollected cash. THE REVELATION: On this news, e.l.f. Beauty, Inc.'s stock fell 15% in intraday trading on November 20, 2024 . ABOUT EDELSON LECHTZIN LLP: Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California . In addition to cases involving securities and investment fraud , our lawyers focus on class and collective litigation in cases alleging violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud , and catastrophic injuries. For more information, please contact: Marc H. Edelson, Esq. Eric Lechtzin, Esq. EDELSON LECHTZIN LLP 411 S. State Street, Suite N-300 Newtown, PA 18940 Phone: 844-696-7492 ext. 1 Email: medelson@edelson-law.com Email: elechtzin@edelson-law.com Web: www.edelson-law.com This press release may be considered Attorney Advertising in some jurisdictions. No class has been certified in this case, so you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. Your ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. View original content to download multimedia: https://www.prnewswire.com/news-releases/investigation-alert-edelson-lechtzin-llp-announces-investigation-elf-beauty-inc-nyse-elf-and-encourages-investors-with-substantial-losses-or-witnesses-with-relevant-information-to-contact-the-firm-302315883.html SOURCE Edelson Lechtzin LLP
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Trump aims to appoint son-in-law’s father as US ambassador to FranceInspirato CEO Payam Zamani buys $105,740 in company stock