SUGAR LAND, Texas, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. ("AOI”) (Nasdaq: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced that it has filed a complaint for patent infringement against Accelight Technologies, Inc. (ATI) in the U.S. District Court for the Northern District of California, Case No.: 3:24-cv-09041. The complaint, filed December 13, 2024, in the U.S. District Court for the Northern District of California, alleges that at least the ATI 100G QSFP28 LR4, ATI 400G QSFP-DD SR8, ATI 100G QSFP28 CWDM4, ATI 400G QSFP-DD FR4, and ATI 400G QSFP-DD DR4 infringe one or more of the asserted Applied Optoelectronic, Inc. (AOI) optical transceiver patents. "AOI filed this lawsuit because we believe ATI is infringing several of our key optical transceiver patents. AOI has invested significantly in research and development and will continue to enforce its IP rights against alleged infringers to protect those rights,” said Dr. Thompson Lin, Applied Optoelectronics, Inc. Founder, President and Chief Executive Officer. In the complaint, AOI is seeking monetary damages from ATI and a permanent injunction. About Applied Optoelectronics, Inc. Applied Optoelectronics, Inc. (AOI) is a leading developer and manufacturer of advanced optical products, including components, modules and equipment. AOI's products are the building blocks for broadband fiber access networks around the world, where they are used in the internet datacenter, CATV broadband, telecom and FTTH markets. AOI supplies optical networking lasers, components and equipment to tier-1 customers in all four of these markets. In addition to its corporate headquarters, wafer fab and advanced engineering and production facilities in Sugar Land, TX, AOI has engineering and manufacturing facilities in Taipei, Taiwan and Ningbo, China. For additional information, visit www.ao-inc.com . Investor Relations Contact: The Blueshirt Group, Investor Relations Monica Gould +1-212-871-3927 [email protected] Cassidy Fuller +1-415-217-4968 [email protected]
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AI Completely Failed to Catch CEO Killer, With Cops Instead Relying on Random McDonald’s EmployeeThe redemption price for the 4.750% senior notes is equal to the sum of 100% of the principal amount of the 4.750% senior notes that remain outstanding, the make-whole amount calculated in accordance with the terms of the 4.750% senior notes and the related indenture under which the 4.750% senior notes were issued, and the accrued and unpaid interest on the remaining 4.750% senior notes up to, but excluding, the redemption date of December 27, 2024 . The aggregate principal amount of the 4.750% senior notes outstanding and the aggregate principal amount of the 4.750% senior notes to be redeemed is as set forth below: Holders owning 4.750% senior notes through a broker, bank, or other nominee should contact that party for information. For more information, holders of the 4.750% senior notes may call the paying agent for the redemption of the 4.750% senior notes, Deutsche Bank Trust Company Americas at (800) 735-7777. About Paramount Paramount Global (NASDAQ: PARA, PARAA) is a leading global media, streaming and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV. The Company holds one of the industry's most extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the Company provides powerful capabilities in production, distribution, and advertising solutions. Cautionary Note Concerning Forward-Looking Statements This communication contains both historical and forward-looking statements, including statements related to our future results, performance and achievements. All statements that are not statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements reflect our current expectations concerning future results and events; generally can be identified by the use of statements that include phrases such as "believe," "expect," "anticipate," "intend," "plan," "foresee," "likely," "will," "may," "could," "estimate" or other similar words or phrases; and involve known and unknown risks, uncertainties and other factors that are difficult to predict and which may cause our actual results, performance or achievements to be different from any future results, performance or achievements expressed or implied by these statements. These risks, uncertainties and other factors include, among others: risks related to our streaming business; the adverse impact on our advertising revenues as a result of advertising market conditions, changes in consumer viewership and deficiencies in audience measurement; risks related to operating in highly competitive and dynamic industries, including cost increases; the unpredictable nature of consumer behavior, as well as evolving technologies and distribution models; risks related to our ongoing changes in business strategy, including investments in new businesses, products, services, technologies and other strategic activities; the potential for loss of carriage or other reduction in or the impact of negotiations for the distribution of our content; damage to our reputation or brands; losses due to asset impairment charges for goodwill, intangible assets, FCC licenses and content; liabilities related to discontinued operations and former businesses; risks related to environmental, social and governance (ESG) matters; evolving business continuity, cybersecurity, privacy and data protection and similar risks; content infringement; domestic and global political, economic and regulatory factors affecting our businesses generally; disruptions to our operations as a result of labor disputes; the inability to hire or retain key employees or secure creative talent; volatility in the prices of the Companyʼs common stock; potential conflicts of interest arising from our ownership structure with a controlling stockholder; business uncertainties, including the effect of the Skydance transactions on the Companyʼs employees, commercial partners, clients and customers, and contractual restrictions while the Skydance transactions are pending; prevention, delay or reduction of the anticipated benefits of the Skydance transactions as a result of the conditions to closing the Skydance transactions; the Transaction Agreementʼs limitation on our ability to pursue alternatives to the Skydance transactions; risks related to a failure to complete the Skydance transactions, including payment of a termination fee and negative reactions from the financial markets and from our employees, commercial partners, clients and customers; risks related to change in control or other provisions in certain agreements that may be triggered by the Skydance transactions; litigation relating to the Skydance transactions potentially preventing or delaying the closing of the Skydance transactions and/or resulting in payment of damages; challenges realizing synergies and other anticipated benefits expected from the Skydance transactions, including integrating the Companyʼs and Skydanceʼs businesses successfully; potential unforeseen direct and indirect costs as a result of the Skydance transactions; any negative effects of the announcement, pendency or consummation of the Skydance transactions on the market price of the Companyʼs common stock and New Paramount Class B Common Stock; and other factors described in our news releases and filings with the Securities and Exchange Commission, including but not limited to our most recent Annual Report on Form 10-K and reports on Form 10-Q and Form 8-K. There may be additional risks, uncertainties and factors that we do not currently view as material or that are not necessarily known. The forward-looking statements included in this communication are made only as of the date of this communication, and we do not undertake any obligation to publicly update any forward-looking statements to reflect subsequent events or circumstances. PARA-IR View original content to download multimedia: https://www.prnewswire.com/news-releases/paramount-global-announces-redemption-of-its-4-750-senior-notes-due-may-2025--302334251.html SOURCE Paramount Global
Twelve people have been arrested in connection with a roof collapse at a railway station earlier this month that killed at least 15 people in the city of Novi Sad, Serbian prosecutors said Thursday. Novi Sad’s Higher Prosecutor’s Office said the suspects, who were not identified, were arrested on suspicion of committing criminal acts against public safety. One suspect remains at large. If convicted, they face up to 12 years in prison. Fourteen people were killed on the day of the November 1 incident and three were injured, one of whom died Sunday. Former Novi Sad Mayor Borislav Novakovic said the arrests should have happened sooner. “For the past 20 days, all suspects could influence witnesses, tamper with evidence and alter documentation,” he told The Associated Press. The deadly collapse sparked several rounds of protests, with demonstrators, joined by opposition leaders, taking to the streets with claims that government corruption and nepotism led to the roof’s shabby construction. Opposition politicians have called for prosecutors of organized crime to handle the case, according to AP. Other news outlets reported that ministers of transport, construction, infrastructure and trade, along with the head of state-run Serbian Railways, have resigned because of the incident. Goran Vesic, the former construction minister, was reported by Serbian media to be among those detained. Vesic, however, posted on the X social media platform that he reported to authorities voluntarily. The protesters who have clashed with police are calling for indictments in connection with the roof collapse and for the release of activists who were arrested in earlier demonstrations. Serbia’s populist president, Aleksandar Vucic, has characterized the activists as “thugs and bullies,” and he has described the protests as “terror” and “brutal violence by certain political factors.” Some information for this report came from The Associated Press and Reuters.Prepreg Market To Propel Growth At 27.81 Billion By 2031 | Skyquest Technology
On December 6, 2024, Principal Associate Deputy Attorney General Marshall Miller provided an update on the Justice Department’s (DOJ) corporate criminal enforcement efforts during his keynote address at the Practicing Law Institute’s White Collar Crime 2024 Program . Among other topics, Miller addressed ongoing efforts to combat corporate crime using self-disclosure policies and whistleblower programs when he said, “We’ve given good actors more avenues to help us go after the bad guys – through innovative whistleblower programs and consistent, transparent, and predictable voluntary self-disclosure policies. And we’ve made clearer than ever before what we expect from companies cooperating with government investigations to accelerate investigations of wrongdoers.” In the speech , Miller touted the DOJ’s recent successes securing convictions of numerous individuals, including “the CEOs of the world’s two largest cryptocurrency platforms – FTX and Binance; the CEO and COO of Theranos; the founder and the CFO of Archegos; two senior executives of Goldman Sachs; and dozens of other high-ranking executives across a range of industries.” In addition, Miller reiterated the continuing focus on whistleblowers and voluntary self-disclosure policies, asserting that the DOJ had “clarified the rules of the road” on those topics. Miller highlighted the similarities between voluntary self-disclosure policies and whistleblower programs, noting “for the first time as of August 2024, DOJ has instituted a Department-led whistleblower program with clear incentives for dropping a dime on corporate crime.” We previously detailed the new DOJ whistleblower reward program here . That program is designed to focus on four subject matter areas: 1) violations by financial institutions, their insiders and agents involving money laundering, fraud, and fraud against or non-compliance with regulators; 2) foreign corruption and bribery and violations of money laundering statutes; 3) domestic corruption violations including bribes and kickbacks paid to domestic public officials; and 4) healthcare offenses involving private or non-public healthcare benefit programs and fraud against patients, investors or other non-governmental entities in the healthcare industry, or other violations of federal law not covered by the federal False Claims Act. In his speech, Miller noted that whistleblower programs do not exist in a vacuum – “[r]ather, they fill in the gaps and build on effective existing models employed in SEC, CFTC, FinCen and False Claims Act cases.” A full understanding and effective application of the new whistleblower reward program may increase a company’s chances of avoiding a guilty plea or indictment. Under the program “a voluntary self-disclosure to the Criminal Division can also qualify a company for the presumption of a declination of prosecution.” Miller emphasized the “significant results” the program has yielded, including steady increases in voluntary self-disclosures – in fact, last year’s numbers doubled those from 2021. Miller also pointed to the DOJ’s receipt of over 250 whistleblower tips, “many which appear to identify criminal conduct we didn’t know about.” Miller also referenced a U.S. Attorneys’ Offices report that individual voluntary self-disclosures have resulted in “promising ongoing investigations,” but did not provide details regarding the number or nature of such cases. Miller also discussed recent updates to the DOJ’s guidance on evaluating corporate compliance programs. Although the DOJ’s guidance doesn’t tell companies how to design and implement their compliance programs, it identifies four questions the DOJ expects executives and board members to ask in assessing the compliance program’s efficacy: Have we empowered our compliance leaders and invested sufficiently in our compliance program, given our risk profile and today’s geopolitical landscape? Do we have effective internal detection and reporting systems and robust internal investigative capabilities, so we can avail ourselves of voluntary self-disclosure opportunities? Have we designed compensation systems that promote compliance and enable clawbacks or escrowing of incentive comp? Have we assessed risks associated with national security and emerging technologies and taken appropriate steps to mitigate them? In Miller’s view, “if a company finds itself on the wrong side of a DOJ investigation tomorrow, the company’s posture may well depend on how its leadership answers those questions today.” While the above four questions are helpful to guide compliance program self-evaluations, self-disclosure determinations typically require a more holistic assessment. In that context, companies who identify potential violations must be able to swiftly gauge whether to self-disclose potential violations and, as part of that effort, assess whether to cooperate or otherwise act to accelerate the government’s investigation. Such decisions must be made quickly, underscoring the need for companies to have at least a framework in place before the fact, and to consult attorneys experienced in making self-disclosures and in working with the government throughout that process. In this context, determining which choice best aligns with the company’s interests is seldom a simple calculus. Listen to this post