NoneSAN DIEGO, Nov. 23, 2024 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Wolfspeed, Inc. WOLF securities between August 16, 2023 and November 6, 2024, both dates inclusive (the "Class Period"), have until January 17, 2025 to seek appointment as lead plaintiff of the Wolfspeed class action lawsuit. Captioned Zagami v. Wolfspeed, Inc. , No. 24-cv-01395 (N.D.N.Y.), the Wolfspeed class action lawsuit charges Wolfspeed as well as certain of Wolfspeed's top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Wolfspeed class action lawsuit, please provide your information here: https://www.rgrdlaw.com/cases-wolfspeed-class-action-lawsuit-wolf.html You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com . CASE ALLEGATIONS : Wolfspeed operates as a bandgap semiconductor company that focuses on silicon carbide and gallium nitride (GaN) technologies. The Wolfspeed class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Wolfspeed's optimistic claims of potential growth of its Mohawk Valley fabrication facility and general demand for Wolfspeed's 200mm wafers in the electronic vehicle market fell short of reality; and (ii) Wolfspeed had overstated demand for its key product and placed undue reliance on purported design wins while the Mohawk Valley facility's growth had begun to taper before recognizing the $100 million revenue per quarter allegedly achievable with only 20% utilization of the fabrication, let alone the promised $2 billion revenue purportedly achievable by the facility. The Wolfspeed class action lawsuit further alleges that on November 6, 2024, Wolfspeed announced its financial results for the first quarter of fiscal year 2025, revealing that 20% utilization of the Mohawk Valley fabrication facility would result in 30% to 50% below the $100 million mark defendants had claimed, attributing the results and lowered guidance to "demand . . . ramp[ing] more slowly than we originally anticipated" as "EV customers revise their launch time lines as the market works through this transition period." On this news, the price of Wolfspeed stock fell more than 39%, according to the complaint. THE LEAD PLAINTIFF PROCESS : The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Wolfspeed securities during the Class Period to seek appointment as lead plaintiff in the Wolfspeed class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Wolfspeed class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Wolfspeed class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Wolfspeed class action lawsuit. ABOUT ROBBINS GELLER : Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities-fraud.html Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Contact: Robbins Geller Rudman & Dowd LLP J.C. Sanchez, Jennifer N. Caringal 655 W. Broadway, Suite 1900, San Diego, CA 92101 800-449-4900 info@rgrdlaw.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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WOLF INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Wolfspeed, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action LawsuitNEW YORK — Shohei Ohtani won his third Most Valuable Player Award and first in the National League, and Aaron Judge earned his second American League honor on Thursday. Ohtani was a unanimous MVP for the third time, receiving all 30 first-place votes and 420 points in voting by the Baseball Writers' Association of America. New York Mets shortstop Francisco Lindor was second with 263 points and Arizona second baseman Ketel Marte third with 229. Judge was a unanimous pick for the first time. Kansas City shortstop Bobby Witt Jr. got all 30 second-place votes for 270 points, and Yankees outfielder Juan Soto was third with 21 third-place votes and 229 points. Ohtani was unanimously voted the AL MVP in 2021 and 2023 as a two-way star for the Los Angeles Angels and finished second to Judge in 2022 voting. He didn't pitch in 2024 following elbow surgery and signed a record $700 million, 10-year contract with the Los Angeles Dodgers last December. Ohtani joined Frank Robinson for Cincinnati in 1961 and Baltimore in 1966 as the only players to win the MVP award in both leagues. He was the first player to twice become an unanimous MVP. He had combined with Atlanta outfielder Ronald Acuña Jr. in 2023 for the first year both MVPs were unanimous. Ohtani hit .310, stole 59 bases and led the NL with 54 homers and 130 RBIs exclusively as a designated hitter, becoming the first player with 50 or more homers and 50 or more stolen bases in a season. He helped the Dodgers to the World Series title, playing the final three games with a torn labrum in his left shoulder. "The ultimate goal from the beginning was to win a World Series, which we are able to accomplish," he said through a translator. "The next goal is for me to do it again and so right now I'm in the middle of rehab and working out and getting stronger." When Ohtani returns to the mound, could he win MVP and the Cy Young Award in the same year? "That would obviously be great, but right now my focus is just to get to get back healthy, come back stronger, get back on the mound and show everybody what I can do," Ohtani said. Ohtani became the first primary DH to win an MVP in a season that started with the revelation his longtime interpreter and friend, Ippei Mizuhara, had stolen nearly $17 million from the star to fund gambling. Ohtani is the 12th player with three or more MVPs, joining Barry Bonds (seven) and Jimmie Foxx, Joe DiMaggio, Stan Musial, Roy Campanella, Yogi Berra, Mickey Mantle, Mike Schmidt, Alex Rodriguez, Albert Pujols and Mike Trout (three each). Balloting was conducted before the postseason. Judge led the major leagues with 58 homers, 144 RBIs and 133 walks while hitting .322. Witt topped the big leagues with a .332 average, hitting 32 homers with 31 stolen bases and 109 RBIs. Soto batted .288 with 41 homers and 109 RBIs. When Judge won his first MVP award in 2022, he received 28 first-place votes while Ohtani got the other two. Judge had discussed the MVP award with Philadelphia's Bryce Harper, the NL winner in 2015 and '21. "I was telling him, `Man, I'm going to try to catch up to you with these MVPs here, man,'" Judge recalled. "He'd say, hopefully, he could stay a couple ahead of me, which I think he'll do." When Judge won his first MVP award in 2022, he received 28 first-place votes while Ohtani got the other two. He is the Yankees' 22nd MVP winner, four more than any other team. Judge was hitting .207 with six homers and 18 RBIs through April, then batted .352 with 52 homers and 126 RBIs in 127 games. "March and April were not my friend this year." Judge said. "Just keep putting in the work and things are going to change. You can't mope. You can't feel sorry for yourself. Especially in New York, nobody's going to feel sorry for you. So you just got to go out there and put up the numbers?" ST. PETERSBURG, Fla. — The St. Petersburg City Council reversed course Thursday on whether to spend more than $23 million to repair the hurricane-shredded roof of the Tampa Bay Rays' ballpark, initially voting narrowly for approval and hours later changing course. The reversal on fixing Tropicana Field came after the council voted to delay consideration of revenue bonds for a proposed new $1.3 billion Rays ballpark. Just two days before, the Pinellas County Commission postponed a vote on its share of the new stadium bonds, leaving that project in limbo. “This is a sad place. I'm really disappointed,” council chair Deborah Figg-Sanders said. “We won’t get there if we keep finding ways we can’t.” The Rays say the lack of progress puts the new stadium plan and the future of Tropicana Field in jeopardy. “I can't say I'm confident about anything,” Rays co-president Brian Auld told the council members. The Trop's translucent fiberglass roof was ripped to pieces on Oct. 9 when Hurricane Milton swept ashore just south of Tampa Bay. There was also significant water damage inside the ballpark, with a city estimate of the total repair costs pegged at $55.7 million. The extensive repairs cannot be finished before the 2026 season, city documents show. The Rays made a deal with the Yankees to play next season at 11,000-seat Steinbrenner Field, New York's spring training home across the bay in Tampa. The initial vote Thursday was to get moving on the roof portion of the repair. Once that's done, crews could begin working on laying down a new baseball field, fixing damaged seating and office areas and a variety of electronic systems — which would require another vote to approve money for the remaining restoration. The subsequent vote reversing funding for the roof repair essentially means the city and Rays must work on an alternative in the coming weeks so that Tropicana Field can possibly be ready for the 2026 season. The city is legally obligated to fix the roof. BRIEFLY PIRATES: Pittsburgh hired Matt Hague as its hitting coach, bringing him back to the team that drafted him in 2008. Hague replaces Andy Haines, who was fired after Pittsburgh finished in the bottom 10 in the majors in every significant statistical category last season, including runs (24th) and home runs (25th), while also striking out a club-record 1,504 times, second-most in the National League behind Colorado. The 39-year-old Hague spent last season as an assistant hitting coach with the Toronto Blue Jays. Get local news delivered to your inbox!QBs headline Packers-Dolphins Thanksgiving night matchup
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As the gaming world eagerly awaits the official unveiling of the PS5 Pro, one thing is certain: Sony's inspiration may come from a variety of sources, but the resemblance to a bathroom heater will undoubtedly go down in history as one of the most amusing and unexpected twists in the realm of gaming hardware design.
In conclusion, the NPC companions in "Sworn Companions" serve as shining examples of how intelligent and thoughtfully crafted dialogue can elevate the player's experience in a game. By focusing on quality over quantity, relevance over repetition, and emotional intelligence over mindless chatter, developers can create companion NPCs that players will appreciate and enjoy having by their side on their virtual adventures.Following closely behind Kudus is Doucoure, who is averaging 3.2 successful dribbles per game. The French midfielder has been a driving force in midfield for his team, using his strength and technique to get past opponents and drive the team forward. His dribbling skills have been crucial in breaking down opposition defenses and creating scoring opportunities for his teammates.Game-changing holiday gifts for building fires, printing photos, watching birds and more
Worksport's AL4 Premium Cover, SOLIS, and COR Systems Scheduled to Take Center Stage in Front of an Audience Projected to Exceed One Million Live Viewers This Weekend West Seneca, New York, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP) ("Worksport” or the "Company”), a U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is thrilled to announce its upcoming appearance on FOX & Friends , ranked as the nation's most-watched cable news morning show according to data shared by FOX News. Scheduled for Sunday, December 8th, 2024, at 7:30 AM ET (scheduling changes subject to the studio's discretion), this marks a pivotal moment for Worksport as it presents its cutting-edge products to millions of viewers nationwide. The live broadcast will feature Worksport Chief Executive Officer Steven Rossi showcasing the Company's innovative product lineup, including the premium AL4 tonneau cover, the Solis solar cover , and the COR portable energy system . Two pickup trucks, equipped with these state-of-the-art solutions , will be driven to the FOX Plaza in Manhattan, New York City, offering audiences a first-ever televised glimpse of Worksport's advanced technology in action. "This opportunity to present our products on a platform like FOX & Friends is monumental ,” said Steven Rossi, Chief Executive Officer of Worksport. "We're bringing the story of Worksport's innovation to over a million viewers, while highlighting how our products solve real-world problems. Beyond just this appearance, we see this as a gateway to even greater media exposure, potentially reaching tens of millions more in the future.” Worksport's Product Line: Innovation Meets Opportunity The FOX & Friends segment will focus on Worksport's current growth story and upcoming innovative product lineup, making this a momentous occasion to connect with viewers during the holiday shopping season. Each product below will be targeting a multi-billion dollar and growing market and will be the key to Worksport's 2025 growth. Worksport will also offer an exclusive, limited time FOX & Friends discount code for purchases made on the Company's e-commerce platform, www.worksport.com . Featured Products: FOX & Friends remained cable news' most-watched morning shows throughout the third quarter of 2024. The channel regularly features high profile special guests, such as President Donald Trump . The weekend show boosts a massive audience, delivering an average of 1.2 million viewers per episode. Worksport's appearance places its innovative products in front of millions of potential customers, further increasing its brand presence and brand reputability. This national broadcast represents a strategic milestone for Worksport as the Company continues its rapid expansion into new markets. Worksport's mission to revolutionize the tonneau cover and portable energy sectors is bolstered by this exposure, which is expected to significantly enhance consumer awareness and investor confidence . Key 2024 Press-Releases About Worksport Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the EV sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. Terravis Energy's website is terravisenergy.com . For more information, please visit investors.worksport.com . Connect with Worksport Please follow the Company's social media accounts on X (previously Twitter) , Facebook , LinkedIn , YouTube , and Instagram (collectively, the "Accounts”), the links of which are links to external third party websites, as well as sign up for the Company's newsletters at investors.worksport.com . The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company. YouTube Link to Newsletter The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media. For additional information, please contact: Investor Relations, Worksport Ltd. T: 1 (888) 554-8789 -128 W: investors.worksport.com W: www.worksport.com E: [email protected] Forward-Looking Statements The information contained herein may contain "forward‐looking statements.” Forward‐looking statements reflect the current view about future events. When used in this press release, the words "anticipate,” "believe,” "estimate,” "expect,” "future,” "intend,” "plan,” "project,”, "envisioned”, "should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission ("SEC”), including, without limitation, our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov . As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.Title: Guangzhou Embarks on Roadshow Initiatives to Cultivate More Independent Cross-border E-commerce Brands