NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Celsius Holdings, Inc. ("Celsius" or "the Company") CELH and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Celsius securities between February 29, 2024 and September 04, 2024 inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/CELH . Case Details The complaint alleges that throughout the class period, Defendants failed to disclose that: (1) Celsius materially oversold inventory to Pepsi far in excess of demand, and faced a looming sales cliff during which Pepsi would significantly reduce its purchases of Celsius products; (2) as Pepsi drew down significant amounts of inventory overstock, Celsius' sales would materially decline in future periods, hurting the Company's financial performance and outlook; (3) Celsius' sales rate to Pepsi was unsustainable and created a misleading impression of Celsius' financial performance and outlook; and (4) as a result, Celsius' business metrics and financial prospects were not as strong as indicated in defendants' class period statements. When the truth came out, the price of Celsius' stock dropped, harming investors. What's Next? A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/CELH . or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660 . If you suffered a loss in Celsius you have until January 21, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. There is No Cost to You We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful. Why Bronstein, Gewirtz & Grossman Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes. Contact Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Nathan Miller 332-239-2660 | info@bgandg.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Bankwell financial director Blake Drexler buys $5,038 in stockHOUSTON -- A federal judge in Texas rejected the auction sale of Alex Jones' Infowars to The Onion satirical news outlet, criticizing the bidding for the conspiracy theory platform as flawed as well as how much money families of the 2012 Sandy Hook Elementary shooting stood to receive. The decision late Tuesday night is a victory for Jones, whose Infowars site was put up for sale as part of his bankruptcy case in the wake of the nearly $1.5 billion that courts have ordered him to pay over falsely calling one of the deadliest school shootings in U.S. history a hoax. Families of the Sandy Hook victims had backed The Onion's bid. Following a two-day hearing in Houston, U.S. Bankruptcy Judge Christopher Lopez said he would not approve the sale, while citing concerns about transparency in the auction. That clears the way for Jones to keep - at least for now - Infowars, which is headquartered in Austin, Texas. The Onion had planned to kick Jones out and relaunch Infowars in January as a parody. "We are deeply disappointed in today's decision, but The Onion will continue to seek a resolution that helps the Sandy Hook families receive a positive outcome for the horror they endured," Ben Collins, CEO of The Onion's parent company, Global Tetrahedron, posted on social media late Tuesday. Lopez cited problems - but no wrongdoing - with the auction process. He said he said he did not think that those involved in the auction acted in bad faith and that everyone "put their best foot forward and tried to play within the rules." Still, Lopez said he said he did not want another auction and left it up to the trustee who oversaw the auction to determine the next steps. The Onion offered $1.75 million in cash and other incentives for Infowars' assets in the auction. First United American Companies, which runs a website in Jones' name that sells nutritional supplements, bid $3.5 million. The bids were a fraction of the money that Jones has been ordered to pay in defamation lawsuits in Connecticut and Texas filed by relatives of victims of the Sandy Hook shooting. Lopez said the auction outcome "left a lot of money on the table" for families. "You got to scratch and claw and get everything you can for them," Lopez said. Christopher Mattei, a lawyer for the Sandy Hook families who sued Jones in Connecticut, said they were disappointed in the judge's ruling. "These families, who have already persevered through countless delays and roadblocks, remain resilient and determined as ever to hold Alex Jones and his corrupt businesses accountable for the harm he has caused," Mattei said in a statement. "This decision doesn't change the fact that, soon, Alex Jones will begin to pay his debt to these families and he will continue doing so for as long as it takes." Jones, who did not attend the proceedings, went back on his program late Tuesday to celebrate the judge's ruling, calling the auction "ridiculous" and "fraudulent." Although The Onion's cash offer was lower than that of First United American, it also included a pledge by many of the Sandy Hook families to forgo $750,000 of the auction proceeds due to them and give it to other creditors, providing the other creditors more money than they would receive under First United American's bid. Alex Jones' bankruptcy case The sale of Infowars is part of Jones' personal bankruptcy case, which he filed in late 2022 after he was ordered to pay nearly $1.5 billion in defamation lawsuits in Connecticut and Texas filed by relatives of victims of the Sandy Hook shooting. Jones repeatedly called the shooting that killed 20 children and six educators a hoax staged by actors and aimed at increasing gun control. Parents and children of many of the victims testified in court that they were traumatized by Jones' conspiracies and threats from his followers. Jones has since acknowledged that the Connecticut school shooting happened. Most of the proceeds from the sale of Infowars, as well as many of Jones' personal assets, will go to the Sandy Hook families. Some proceeds will go to Jones' other creditors. The auction overseer defends his decision Trustee Christopher Murray had defended The Onion's bid in court this week, testifying that he did not favor either bidder over the other and was not biased. He also revealed that First United American submitted a revised bid in recent days, but he said he could not accept it because the Sandy Hook families in the Connecticut lawsuit objected. The Onion valued its bid, with the Sandy Hook families' offer, at $7 million because that amount was equal to a purchase price that would provide the same amount of money to the other creditors. In a court filing last month, Murray's lawyers called First United American's request to disqualify The Onion's bid a "disappointed bidder's improper attempt to influence an otherwise fair and open election process." Jones' attorney, Ben Broocks, noted that the Sandy Hook lawsuit judgments could be overturned in pending appeals and got Murray to acknowledge that the Sandy Hook families' offer in The Onion bid could fall apart if that happens. That's because the percentage of the auction proceeds they would be entitled to could drop sharply and they wouldn't get the $750,000 from the sale to give to other creditors. Putting Infowars up for auction Up for sale were all the equipment and other assets in the Infowars studio in Austin, as well as the rights to its social media accounts, websites, video archive and product trademarks. Jones uses the studio to broadcast his far-right, conspiracy theory-filled shows on the Infowars website, his account on the social platform X and radio stations. Many of Jones' personal assets also are being sold. Jones has set up another studio, websites and social media accounts in case The Onion wins approval to buy Infowars and kicks him out. Jones has said he could continue using the Infowars platforms if the auction winner is friendly to him. Jones is appealing the money has been ordered to pay in judgments citing free speech rights.
The New Orleans Pelicans (5-27) are dealing with five players on the injury report, including Yves Missi, heading into their Monday, December 30 matchup with the Los Angeles Clippers (18-13) at Smoothie King Center. The Clippers also have listed five injured players. The game starts at 8:00 PM ET. Watch the NBA, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up. The Pelicans are coming off of a 132-124 loss to the Grizzlies in their most recent outing on Friday. In the Pelicans’ loss, Trey Murphy III led the way with a team-high 35 points (adding three rebounds and four assists). The Clippers head into this matchup on the heels of a 102-92 victory over the Warriors on Friday. Norman Powell scored a team-leading 26 points for the Clippers in the win. Sign up for NBA League Pass to get live and on-demand access to NBA games. Get tickets for any NBA game this season at StubHub. Catch NBA action all season long on Fubo. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .BARCELONA, Spain--(BUSINESS WIRE)--Dec 19, 2024-- Wallbox N.V. (NYSE: WBX) (“Wallbox” or the “Company”), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, today announced that it received notice from the New York Stock Exchange (the “NYSE”) on November 21, 2024, that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual. This is because the average closing price of the Company’s Class A ordinary shares (the “Class A Shares”) was less than $1.00 over a consecutive 30 trading-day period. On December 2, 2024, the Company notified the NYSE that it intends to cure the share price deficiency and to regain compliance with the NYSE continued listing standards. The Company can regain compliance at any time within the six-month period following receipt of the NYSE notice if, on the last trading day of any calendar month during the cure period the Company has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. The Company intends to consider all available alternatives to cure the share price non-compliance to return to compliance with the NYSE continued listing standards. The notice has no immediate impact on the listing of the Class A Shares, which will continue to be listed and traded on the NYSE during this period, subject to the Company’s compliance with the other applicable NYSE listing standards. Wallbox emphasises that this notice does not affect its normal course of its business operations. The Company continues to execute its strategic priorities, which includes providing innovative EV charging and energy management solutions, focusing on maintaining business growth and delivering value to its core stakeholders. About Wallbox Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine the relationship between users and the network. Wallbox goes beyond charging electric vehicles to give users the power to control their consumption, save money and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public, and public use in more than 115 countries around the world. Founded in 2015 in Barcelona, where the company’s headquarters are located, Wallbox currently has offices across Europe, Asia, and America. For more information, visit www.wallbox.com Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release, other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox’s intention to consider alternatives to cure the NYSE continued listing requirement deficiency, Wallbox’s continued listing on the NYSE and expectations regarding business operations and future growth and delivering value to stakeholders. The words “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “focus,” “forecast,” “intend,” “likely,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “”target,” will,” “would” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s ability to regain compliance with the continued listing standards of the NYSE within the applicable cure period; as well as the other important factors discussed under the caption “Risk Factors” in Wallbox’s Annual Report on Form 20-F for the fiscal year ended December 31, 2023, as such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com . Any such forward-looking statements represent management’s estimates as of the date of this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise. View source version on businesswire.com : https://www.businesswire.com/news/home/20241219135789/en/ CONTACT: Public Relations Albert Cabanes press@wallbox.comInvestor Relations Michael Wilhelm investors@wallbox.com KEYWORD: SPAIN EUROPE INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING EV/ELECTRIC VEHICLES AUTOMOTIVE TECHNOLOGY MANUFACTURING SEMICONDUCTOR OTHER ENERGY OTHER TECHNOLOGY ALTERNATIVE ENERGY ENERGY ENGINEERING SOURCE: Wallbox Copyright Business Wire 2024. PUB: 12/19/2024 05:00 PM/DISC: 12/19/2024 05:00 PM http://www.businesswire.com/news/home/20241219135789/en
Hydro One expands transmission ownership in northern Ontario
It wasn't a great day to be a Commanders' running back. First, it was Brian Robinson Jr. who exited with an ankle injury early in the game, but he later returned. Then it was Austin Ekeler , who appeared to be knocked out at the conclusion of a wild 60 minutes. The Week 12 game against the Cowboys featured lead changes, special teams mayhem and some near-magic for the Commanders . While the comeback effort fell short, dropping Washington to 7-4 on the season, the concern now shifts to Ekeler. Here is the latest on the Commanders' veteran running back. Austin Ekeler injury update Ekeler was helped off the field late in the fourth quarter following a kickoff return with nine seconds to go. NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more. Teammates immediately called to the sidelined for assistance as Ekeler lay on the ground motionless. The running back wasn't given a chance to return since the injury occurred at the end of the game on Sunday. Commanders RB depth chart If Ekeler is forced to miss time, Washington will be down to just two running backs. Robinson Jr. would remain the starting back, but McNichols would likely see more work.Nominees for Trump's administration continue to make their rounds on Capitol Hill, where they've been holding meetings and courting favor for days. Kash Patel, President-elect Donald Trump's nominee to direct the FBI, was in meetings with lawmakers the same day that current Director Chris Wray announced he would resign at the end of President Biden's term. Patel met with Sen. Ron Johnson, a Republican from Wisconsin, on Wednesday. Before the meeting, he told reporters he was ready to begin work immediately if he's confirmed. Wray's departure may make Patel's path to confirmation easier. And some Republican Senators have told Scripps News they see no reason their colleagues would object to Patel's nomination during confirmation hearings. "I think this is a great development," Sen. Josh Hawley, R-MO, told reporters. "I think this is long overdue and much needed. I look forward to confirming his successor." "I don't know what the opposition to Kash Patel really is," Hawley said. "I understand he is a conservative, and I understand my liberal colleagues don't like that. But a conservative just won the election." RELATED STORY | FBI Director Christopher Wray says he will resign at the end of Biden's term Meanwhile, Pete Hegseth, Trump's nominee for secretary of defense, continues to meet with lawmakers. There is not as much discussion of potentially replacing Hegseth as the nominee as there was last week. Sen. Susan Collins told reporters on Wednesday that she had asked Hegseth numerous questions about allegations of sexual assault. His comments on Wednesday also suggested his stance on women serving in the military has shifted. Before he was nominated to be secretary of defense, Hegseth made comments on the Shawn Ryan Show Podcast that women do not belong in combat roles. “I’m straight up just saying we should not have women in combat roles. It hasn’t made us more effective. Hasn’t made us more lethal. Has made fighting more complicated,” he said at the time. On Wednesday, Hegseth told reporters "I look forward to being a leader for every single member of this Pentagon, men and women."