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Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk
OTTAWA, Dec. 05, 2024 (GLOBE NEWSWIRE) -- On the eve of the 35 th anniversary of the Montreal Massacre on Dec. 6, 1989, the Coalition for Gun Control (CGC) and its supporters stood together at a Government of Canada announcement in Ottawa about regulations for former Bill C-21, an Act to amend certain Acts and to make certain consequential amendments (firearms). "Laws are only words on paper without strong regulations and implementation which is why we are pleased to see action today from the Government of Canada that they are proceeding with the buyback program and implementation of new regulations for the game-changing law," said Wendy Cukier, co-founder of the Coalition for Gun Control. "Canada is set to accomplish what the Coalition for Gun Control (CGC) set out to do almost 35 years ago after the Montreal Massacre on Dec. 6, 1989." Over the last year, CGC has made a huge push for implementation of Bill C-21. The forward-looking legislation's key measures include removing firearms from people who are a risk to themselves or others and implementing a ban on the import, transfer, and sale of handguns. There are further restrictions on prohibited military-style semi-automatic firearms and the buyback, but not firearms reasonable used in hunting. Additionally measures will address firearm diversion and smuggling. "Countries have different definitions, lists, and rules, and there's no recognized global standard for a global ban on military assault weapons but Canada's approach to the implementation of measures including the buyback program which is a move forward from the past which allowed grandfathered owners and firearms to remain in communities is agile and forward-looking," explains Cukier. "Over the last year, the policy process and consultations have also addressed legitimate concerns around Indigenous hunting rights." The law directly addresses the Mass Casualty Commission's recommendations after the worst mass shooting in Canada's history in Portapique, N.S. The call for a ban on handguns began with the Concordia University shooting in 1992, and has been amplified by CGC and many Coalition supporters. Already in effect is a temporary ban on the import, sale, and transfer of handguns. "Firearms violence is experienced in many ways from gang violence and intimate partner violence to suicide, hate crimes and mass shootings," adds Cukier. "All forms of gun violence are horrific. No one measure can remedy it all, but this law responds to the evidence from researchers, expert advice and public opinion. The law is a critical step forward and the best we have seen in the last three decades. We must come together to support the change-making legislation and its implementation." Founded in the wake of the Montreal massacre, the Coalition for Gun Control is a national network of more than 200 healthcare, violence prevention, community, victims, public safety and women's organizations and has worked nationally on evidence-based strategies to reduce gun violence. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.DOVER, Del. (AP) — A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. McCormick also rejected an equally unprecedented and massive fee request by plaintiff attorneys , who argued that they were entitled to legal fees in the form of Tesla stock valued at more than $5 billion. The judge said the attorneys were entitled to a fee award of $345 million. The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package. McCormick concluded in January that Musk engineered the landmark pay package in sham negotiations with directors who were not independent. The compensation package initially carried a potential maximum value of about $56 billion, but that sum has fluctuated over the years based on Tesla’s stock price. Following the court ruling, Tesla shareholders met in June and ratified Musk’s 2018 pay package for a second time, again by an overwhelming margin. Defense attorneys then argued that the second vote makes clear that Tesla shareholders, with full knowledge of the flaws in the 2018 process that McCormick pointed out, were adamant that Musk is entitled to the pay package. They asked the judge to vacate her order directing Tesla to rescind the pay package. McCormick, who seemed skeptical of the defense arguments during an August hearing, said in Monday’s ruling that those arguments were fatally flawed. “The large and talented group of defense firms got creative with the ratification argument, but their unprecedented theories go against multiple strains of settled law,” McCormick wrote in a 103-page opinion. The judge noted, among other things, that a stockholder vote standing alone cannot ratify a conflicted-controller transaction. “Even if a stockholder vote could have a ratifying effect, it could not do so here due to multiple, material misstatements in the proxy statement,” she added. Meanwhile, McCormick found that the $5.6 billion fee request by the shareholder’s attorneys, which at one time approached $7 billion based on Tesla’s trading price, went too far. “In a case about excessive compensation, that was a bold ask,” McCormick wrote. Attorneys for the Tesla shareholder argue that their work resulted in the “massive” benefit of returning shares to Tesla that otherwise would have gone to Musk and diluted the stock held by other Tesla investors. They value that benefit at $51.4 billion, using the difference between the stock price at the time of McCormick’s January ruling and the strike price of some 304 million stock options granted to Musk. While finding that the methodology used to calculate the fee request was sound, the judge noted that the Delaware’s Supreme Court has noted that fee award guidelines “must yield to the greater policy concern of preventing windfalls to counsel.” “The fee award here must yield in this way, because $5.6 billion is a windfall no matter the methodology used to justify it,” McCormick wrote. A fee award of $345 million, she said, was “an appropriate sum to reward a total victory.” The fee award amounts to almost exactly half the current record $688 million in legal fees awarded in 2008 in litigation stemming from the collapse of Enron.The cryptocurrency world witnessed a dramatic downturn as Bitcoin prices plummeted by nearly 15% over a brief period, leading to widespread speculation about the cause. In just three days, more than $2.4 billion worth of positions on futures markets were liquidated, marking the most significant wave of sell-offs since Bitcoin breached the $75,000 resistance mark. Investor Behavior and Market Dynamics Over recent months, Bitcoin’s value soared, jumping from $52,600 in September to $108,200. Such a rapid rise often signals an imminent correction, a healthy market adjustment. This sharp drop was partly fueled by speculative positions taken with high leverage, magnifying potential profits but also risks. Large investors, known as “whales,” and market platforms often capitalize on these situations, reaping fees from rushed transactions carried out by less experienced investors selling at a loss. Economic Factors and Federal Influence Adding to the pressure on cryptocurrency values was the cautious stance expressed by Jerome Powell, Chairman of the Federal Reserve. Although the Fed reduced interest rates from 4.75% to 4.5%, Powell’s lack of optimism regarding inflation tempered market expectations. With inflation climbing by 0.3% since September and remaining above target, the Fed intends to adopt a cautious approach, delaying further rate cuts. Bitcoin and other cryptocurrencies generally struggle during periods of high or rising interest rates, as investors tend to prefer cash-heavy strategies. Despite this, Bitcoin has shown resilience in the past, even as Fed rates fluctuated dramatically. Politically, the issue of strategic Bitcoin reserves continues to intrigue global leaders. While Powell confirmed the Fed’s inability to create such reserves, discussions persist worldwide, driven by geopolitical interests and recent campaign promises from figures like Donald Trump. Bitcoin’s Sudden Price Drop: A Comprehensive Analysis and Future Outlook The cryptocurrency market recently experienced a dramatic event as Bitcoin prices plunged by nearly 15% over a short period, causing substantial losses across futures markets. This unexpected descent led to the liquidation of over $2.4 billion in futures positions, marking the largest sell-off spree since Bitcoin surpassed the $75,000 resistance level. Insights into Investor Behavior and Market Dynamics The immense growth of Bitcoin’s value from $52,600 in September to a dramatic high of $108,200 had already set the stage for a potential market correction. Such rapid increases typically signal an impending adjustment as investors reassess the market’s trajectory. A contributing factor was the high-leverage speculative positions taken by various investors, increasing potential profits but also amplifying risks. Large entities known as “whales” and trading platforms often benefit from volatile situations, earning transaction fees as less experienced investors rush to sell off assets at a loss. Economic Influences and the Federal Reserve’s Role The Federal Reserve’s recent monetary policies have also played a role in the fluctuating cryptocurrency markets. Although the Fed modestly reduced interest rates from 4.75% to 4.5%, Chairman Jerome Powell’s cautious outlook on inflation has tempered market optimism. With inflation rising by 0.3% since September and remaining above the Fed’s target, further rate cuts are postponed as the Fed takes a cautious stance. Investors typically gravitate towards cash-heavy strategies during times of high or rising interest rates, leading to potential struggles for Bitcoin and other cryptocurrencies. Despite this, Bitcoin has historically demonstrated resilience amidst varying interest rate environments. Political Considerations on Strategic Bitcoin Reserves Globally, leaders continue to discuss the potential of maintaining strategic Bitcoin reserves, despite statements from Powell indicating that the Fed does not have the capability to create such reserves. This dialogue is fueled by geopolitical interests and political campaign commitments, such as those from Donald Trump. For more information on Bitcoin and cryptocurrency news, explore Coinbase . Emerging Trends and Predictions The cryptocurrency sector continues to innovate, and future trends may include increased adoption of Bitcoin as a strategic asset by national governments and financial institutions. Analysts predict that blockchain technology’s applications could further validate Bitcoin’s role in the global economy. As the market evolves, staying informed on economic shifts, regulatory influences, and technological advancements will be crucial for investors looking to navigate the unpredictable yet promising landscape of cryptocurrency.
Yesterday, the California State Lands Commission and the ports of Long Beach and Humboldt announced an agreement to advance floating offshore wind energy development off the California coast, through a comprehensive framework founded on coordination and collaboration to facilitate critical port infrastructure upgrades needed to support offshore wind. Offshore wind energy is poised to transform the way California generates energy. It will help the state meet its goal of transitioning to 100 percent renewable energy by 2045, with up to 25 gigawatts of that energy coming from offshore wind. Staging and integration sites – waterfront areas where floating turbines are assembled – are critical for offshore wind energy development off the California coast. The ports of Long Beach and Humboldt are actively developing terminals to assemble wind turbines on floating platforms that would be towed to installation areas 20-30 miles offshore of Humboldt County and Morro Bay. The ports have been identified in the California Energy Commission’s Offshore Wind Strategic Plan as key sites necessary for the successful deployment of floating offshore wind in California. The State Lands Commission has worked with both ports this past year to structure a visionary partnership that will help bring these projects to fruition while uplifting California Native American tribes and historically underserved communities, protecting the environment, and engaging local communities. “This important agreement parlays the foundations of offshore wind energy development – environmental protection, equity, public engagement, and the economy – into a partnership that leads the way toward a clean energy future,” said State Controller and Lands Commission Chair Malia M. Cohen. “This agreement is a monumental step forward in California’s clean energy journey,” said Lieutenant Governor and State Lands Commissioner Eleni Kounalakis. “It underscores our commitment to developing offshore wind responsibly, sustainably, and equitably, while uplifting Native American tribes, local communities, and underserved populations.” “We thank the State Lands Commission for focusing on a multi-port strategy that allows the Port of Long Beach and the Port of Humboldt to serve as turbine assembly sites in California’s floating offshore wind industry,” said Port of Long Beach CEO Mario Cordero. “This agreement, combined with the climate bond recently approved by California voters and the state’s commitment to procure up to 7.6 gigawatts of energy from offshore wind by 2035, gives the industry and California ports the confidence to invest in Long Beach’s Pier Wind and other complementary projects and create thousands of good-paying jobs.” Each of the collaboration areas in the agreement is essential to bring offshore wind energy to California. The Commission and ports will also collaborate to align staging and integration site development with broader offshore wind considerations, such as transmission, power purchasing, workforce development, manufacturing, and other supply chain developments, science and technology innovations, and sea space leasing. “This commitment is a significant first step that lays the pathway for responsible and equitable engagement, open and honest dialogue, and the incorporation of meaningful feedback,” said Humboldt Harbor District Executive Director Chris Mikkelsen. “May this promise invite all interested and affected parties to engage, contribute, and join in unity to bring opportunity, strong environmental health, and leading economic development to our communities today and into the future.” Source: Port of Long BeachBOSTON - A family from the greater Boston area says they were the victims of a racist tirade by a stranger on a United Airlines bus last week. Pervez Taufiq captured the incident on his cell phone as he says a woman started yelling at his four-year-old son. United Airlines passenger on racist rant "She's yelling at him, the four-year-old, and says 'shut up, just shut up,'" Taufiq said. "And I snapped, and I said, 'don't you ever speak to my son that way. You have no right.'" Taufiq and his wife Nicole are both wedding photographers who travel the globe. He says they were flying to California on a United Airlines flight with their three kids when they first noticed the woman's bizarre behavior. She was seated next to his 11-year-old son in business class. "She asked if I was Indian, and I said yes, I was Indian," Taufiq says his son told him. After landing, passengers on the flight were driven to the airport on a United bus. That is where Taufiq says the woman started using racial epithets about his family. The video posted to Taufiq's social media shows the two going back and forth. "You're from India. You have no respect," she is heard saying in the cell phone video. "I'm American," she says. "So are we," Taufiq responds in the video. "No, you're not American," she says back to him. The video also shows the woman referring to Taufiq and his family as "Tandoori." "That's brutal to have someone tell you that because you don't look like them, you're not American," Taufiq told WBZ-TV. Taufiq says United Airlines staff asked his family if they would like to leave the bus, and he replied that he wanted the woman removed. The video shows the woman walking off of the bus to talk to staff members, and Taufiq says she did not return. Hopes people will speak up in future Throughout the incident, Taufiq told WBZ-TV that one man spoke up for his family. He hopes this ordeal will help others speak up if this happens to anyone else. "This is not acceptable and if you see it, stand up, say something, be with the person that's going through this," he said. Nicole Taufiq says their 11-year-old son is processing what happened. The couple and their children have traveled to 34 countries for their work. They say they have never had to explain racism to their kids before. "He's dealing with it in different ways. Like, everyday is a new question, a new angle. I think he's still trying to process this whole experience in his own way, and I think that's just hard to watch," Nicole said. The couple hopes to identify the woman in the video and press charges. "I certainly would love it if someone found her, and we could press charges against her and then realistically for her to get the very loud message that she's one of very few and there are a lot more people like us," Taufiq said. WBZ-TV reached out to United Airlines for a comment and was told the company did not have any additional information to share. Louisa Moller is a general assignment reporter for WBZ-TV.
NoneJames, Quigley and Hayes combine for 59 points as No. 20 NC State women beat Coastal Carolina 89-68
West Vancouver Indigenous charity makes lunch to raise funds for youth programsSenate calls out airlines for the 'extra' fees they charge youPep Guardiola insisted on Wednesday he did not mean to make light of issues of self harm after comments about a cut on his nose following Manchester City’s Champions League collapse against Feyenoord. The City boss was spotted with the scratch during Tuesday’s 3-3 draw at the Etihad, in which they blew a 3-0 lead, and was asked about it during his post-match press conference. Guardiola replied that he had caused it with a fingernail, adding apparently as a joke: “I want to harm myself.” City went into the game on the back of five straight defeats in all competitions. Guardiola held his head in his hands in the dugout after a Josko Gvardiol blunder gifted the first Feyenoord goal to Anis Hadj Moussa. The Spaniard took to social media to clarify his response on Wednesday, saying: “I was caught off guard with a question at the end of a press conference last night about a scratch which had appeared on my face and explained that a sharp fingernail had accidentally caused this. “My answer was in no way intended to make light of the very serious issue of self harm. “I know that many people struggle with mental health issues every day, and I would like to take this moment to highlight one of the ways in people can seek help, by calling the Samaritans hotline on 116 123 or e-mailing [email protected] .” Meanwhile Ilkay Gundogan admits defeat at Premier League leaders Liverpool on Sunday could end Manchester City’s Premier League title challenge as they scramble to end their poor run of form. For the first time in what was the 942nd game of his managerial career, Guardiola saw his side fail to win a match after leading by three goals. City have won the past four Premier League titles but are already eight points behind Arne Slot’s Liverpool following three straight defeats in the English top flight. Guardiola conceded City’s title defence would realistically be over should they lose at Anfield after last week’s 4-0 humbling by Tottenham. Germany international Gundogan agreed with his manager’s assessment following the Feyenoord defeat. “To stay in the title race, probably yes, (it’s a game City can’t afford to lose), because 11 points would be a huge gap,” said the midfield veteran. “Anfield is always tough, no matter the situation. We’ve struggled in recent years going there and we know Liverpool are a great team full of confidence right now. “It’s going to be as tough as it is possible to be but that sums up the situation right now. It seems we have to go through this season the toughest way possible.” City appeared to be back on track when leading 3-0 against Feyenoord, thanks to two goals from Erling Haaland either side of a deflected Gundogan effort. But two errors from Josko Gvardiol late in the game allowed Feyenoord back into the game before an Ederson blunder led to a last-gasp David Hancko equaliser. Gundogan, the 2022-23 treble-winning captain who rejoined the club in August after a short spell at Barcelona, admitted the nature of the draw made it feel like a defeat. The 34-year-old said: “The sensation right now is big disappointment but football is football and football sometimes creates incredible moments and difficult moments that you have to face.” Related Story Japan's Self-Defence Forces anniversary celebrated in Doha Qatar Rail wins top honour at Global Light Rail Awards 2024Chargers’ leading rusher J.K. Dobbins sidelined by sprained knee
Top Smile Design: Redefining Smiles with Advanced Dental Care 12-02-2024 11:32 PM CET | Health & Medicine Press release from: ABNewswire Northern Virginia - Dec 2, 2024 - Top Smile Design, a leader in transformative dental solutions, is proud to announce its commitment to delivering high-quality cosmetic and restorative dental services to patients seeking to enhance their oral health and confidence. Combining cutting-edge technology with personalized care, Top Smile Design provides innovative treatments tailored to meet each patient's unique needs. Top Smile Design specializes in creating exceptional smiles through a range of state-of-the-art services, including: All-on-4 Dental Implants: A revolutionary procedure that restores full mouth function and aesthetics using just four strategically placed implants per arch. Custom Veneers: Designed to provide a natural, flawless appearance while correcting imperfections. Teeth Whitening: Professional solutions for achieving long-lasting brilliance. Comprehensive Smile Makeovers: A tailored approach to crafting the smile you've always dreamed of. "At Top Smile Design, we understand that a beautiful smile can transform lives," said Vlad Soyfer, Dentist at Top Smile Design. "Our mission is to deliver exceptional dental care with a focus on comfort, innovation, and results that exceed expectations." Why Choose Top Smile Design? Expert Team: A highly skilled team of dental professionals dedicated to delivering exceptional results. Cutting-Edge Technology: From 3D imaging to minimally invasive techniques, Top Smile Design employs the latest advancements to ensure precision and patient comfort. Patient-Centered Care: Personalized treatment plans designed to align with each patient's aesthetic and functional goals. Affordable Options: Flexible financing and payment plans are available to make achieving your dream smile accessible to everyone. Patients at Top Smile Design can expect a seamless experience, starting with a comprehensive consultation to determine the best treatment options. The practice's advanced techniques minimize recovery time while ensuring natural-looking, long-lasting results. Located in the heart of Northern Virginia, Top Smile Design welcomes patients from across the region to experience world-class dental care. For more information or to schedule a consultation, visit www.topsmiledesign.com [ https://www.topsmiledesign.com/ ] or call today. About Top Smile Design Top Smile Design is a premier dental practice specializing in cosmetic, restorative, and implant dentistry. Media Contact Company Name: Top Smile Design Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=top-smile-design-redefining-smiles-with-advanced-dental-care ] Country: United States Website: http://www.topsmiledesign.com This release was published on openPR.
Feds outlaw another 324 types of firearms, propose donating guns to UkraineShares of Chinese retailer MINISO Group Holdings Inc. ($MNSO) were up nearly 7% on Wednesday afternoon (1:40 pm ET) ahead of the company's third-quarter earnings and the holiday season, lifting retail sentiment. Wall Street analysts expect the company to post earnings per share (EPS) of $0.31 on revenues of $631.04 million. The company has missed EPS estimates twice out of the last four quarters. For the last quarter, its EPS stood at $0.26, missing estimates. Retail sentiment has turned 'bullish' (72/100) from 'neutral' (50/100) a month ago. Message volumes have inched up to 'extremely high' from 'high.' China-based MINISO is a seller of lifestyle and pop toy products. Its brands include the namesake brand of Miniso, and Top Toy. "The year of 2024 marks the first year of our five-year strategic plan. I am pleased to see that in the past six months, all of our businesses have made firm progress in accordance with the five-year strategic plan and our performance has met the expectations at the beginning of the year," Guofu Ye, founder, chairman, and CEO of MINISO, said in a statement at the time of its last results. Earlier this month, the company said it would host an extraordinary general meeting of its shareholders on Jan. 17 for the purposes of seeking approval for its proposed acquisition of shares of Yonghui Superstores Co. In September, a wholly-owned PRC subsidiary had entered into share purchase agreements with certain existing shareholders of Yonghui to buy an aggregate of 29.4% of the issued and outstanding shares of Yonghui, according to a company statement. MINISO had more than 6,868 stores as of June 30, 2024. MINISO stock is down 6% year-to-date. <( MENAFN - Investor Brand Network) Zomedica (NYSE: ZOM) is a leading equine and companion animal healthcare company dedicated to improving animal health by providing veterinarians innovative therapeutic and diagnostic solutions. Their Gold standard PulseVet(r) shock wave system, which accelerates healing in musculoskeletal conditions, has transformed veterinary therapeutics. Their suite of products also includes the Assisi(r) Loop line of therapeutic devices and the TRUFORMA(r) diagnostic platform, the TRUVIEW(tm) digital cytology system, and the VetGuardian(r) no-touch monitoring system, all designed to empower veterinarians to provide top-tier care. In the aggregate, their total addressable market in the U.S. exceeds $2 billion. Headquartered in Michigan, Zomedica employs approximately 150 people and manufactures and distributes its products from its world-class facilities in Georgia and Minnesota. An NYSE American company, Zomedica grew revenue 33% in 2023 to $25 million and maintains a strong balance sheet with approximately $78 million in liquidity as of September 30, 2024. Zomedica is advancing its product offerings, leveraging strategic acquisitions, and expanding internationally as they work to enhance the quality of care for pets, increase pet parent satisfaction, and improve the workflow, cash flow and profitability of veterinary practices. For more information, visit the company's website at: To view IBN's virtual coverage of Noble's 20th annual small and micro-cap investor conference, visit About IBN's Virtual Coverage The InvestorBrandNetwork (“IBN”), a multifaceted financial news and publishing company, is providing the online investment community with a custom-built portal that includes summaries on each of the publicly traded companies participating at this year's NobleCon. In addition to enabling proficient evaluation of each company via one-click access to market research tools and helpful website links, IBN is using social media and syndicated articles to maximize the visibility of the event. For more than a decade, IBN has provided real-time coverage for numerous global events and conferences through its various brands, social media accounts and investment newsletters. To further expand visibility of participating companies at these events, and to ensure another successful year for its event collaborations, IBN's syndication partners have extended digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily. 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'There's a discrepancy': Former Fox News host doubts Pete Hegseth's sexual assault denial
Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk
Matías Tarnopolsky to become New York Philharmonic CEO, teaming with Gustavo Dudamelhat would you do for $5 million, a private island, or a Lamborghini? For 1,000 contestants in MrBeast's Beast Games, the answer seems to be: just about anything. Available exclusively on Prime Video, In classic MrBeast fashion, . The first episodes have already shocked viewers as contestants are forced to make gut-wrenching choices, including one that involves convincing a teammate to sacrifice themselves for the good of the group. , knowing someone has to leave with nothing-or everyone goes home empty-handed. , creating a spectacle that feels more like a social experiment than a traditional contest. . Early games pit individual gain against collective good, with MrBeast throwing in twists that keep both contestants and viewers on edge. And if the previews are any indication, the physical challenges ahead-including pulling a monster truck-promise even more jaw-dropping moments. New episodes drop every Thursday at noon EST, leading up to the grand finale on February 13. At roughly 40 minutes each, they're packed with enough drama and high-energy competition to keep fans binge-watching. But the real question is: