SHAREHOLDER ALERT: Berger Montague Announces Investigation of Alkermes, plc (NASDAQ: ALKS) (CUSIP: G01767105)
PHILADELPHIA, Jan. 10, 2019 /PRNewswire/ -- Berger Montague announced today that Alkermes (NASDAQ: ALKS) and its CEO and CFO have been accused of federal securities law violations in a class action filed in the U.S. District Court for the Eastern District of New York. The lawsuit was filed on behalf of a class of individuals or entities who purchased or otherwise acquired Alkermes' publicly traded securities from February 17, 2017 through November 1, 2018.
Global Value Investment Corp. Delivers Open Letter to the Board of Directors of Bristow Group Inc. (NYSE: BRS)
MEQUON, Wis., Jan. 9, 2019 /PRNewswire/ -- Activist investor Global Value Investment Corp. (GVIC) has delivered an open letter to the Chairman of the Board of Directors of Bristow Group Inc. (NYSE: BRS) expressing objections to the proposed financing of Bristow's planned acquisition of Columbia Helicopters, Inc. This letter can be viewed by visiting GVIC's website: https://www.gvi-corp.com/category/press-releases/.
China Lending Corporation Receives Nasdaq Notification of Non-Compliance with Listing Rules 5620(a) and 5810(c)(2)(G)
BEIJING and URUMQI, China, Jan. 8, 2019 /PRNewswire/ -- China Lending Corporation ("China Lending" or the "Company") (Nasdaq: CLDC), a non-bank direct lending corporation servicing micro, small and medium sized enterprises (MSME), currently underserved by commercial banks in China, today announced that on January 3, 2019 the Company received a notification letter from the Nasdaq Stock Market ("Nasdaq") stating that, because the Company has not yet held an annual meeting of shareholders within twelve months of the Company's fiscal year ended December 31, 2017, the Company is no longer in compliance with Nasdaq Listing Rules 5620(a) and 5810(c)(2)(G). The Nasdaq notification letter has no immediate effect on the listing of the Company's shares.
BRIDGEWATER, N.J., Jan. 7, 2019 /PRNewswire/ -- Insmed Incorporated (Nasdaq: INSM), a global biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases, today announced the granting of inducement awards to three new employees. In accordance with NASDAQ Listing Rule 5635(c)(4), the awards were approved by Insmed's Compensation Committee and made as a material inducement to each employee's entry into employment with the Company.
ATHENS, Greece, Jan. 4, 2019 /PRNewswire/ -- Danaos Corporation (the "Company" or "Danaos") (NYSE: DAC) today announced it has received written notice from the New York Stock Exchange (the "NYSE") that the Company is not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE because the average closing price of its common stock had fallen below $1.00 per share over a period of 30 consecutive trading days.
SHAREHOLDER ALERT: Berger Montague Announces Investigation of GreenSky (NASDAQ: GSKY) (CUSIP: 39572G100)
PHILADELPHIA, Jan. 4, 2019 /PRNewswire/ -- Berger Montague announced today that GreenSky (NASDAQ: GSKY), certain of its officers and directors and the underwriters in GreenSky's initial public offering ("IPO") have been accused of federal securities law violations in a class action filed in the U.S. District Court for the Southern District of New York. The lawsuit was filed on behalf of individuals or entities who purchased GreenSky's Class A common stock pursuant or traceable to GreenSky's Registration Statement and Prospectus in connection with the company's IPO, which closed on May 29, 2018. Any purchaser who bought stock from the original offering up until November 5, 2018 may have a viable claim.