Fintech

Generac Holdings Inc. Lifshitz Law Firm, P.C. announces that a class action complaint was filed against Generac alleging Defendants throughout the Class Period made false andor misleading statements andor failed to disclose that: Generac’s portable generators posed an unreasonable risk of injury to users and the public; as a result, at least seven finger amputations and one crushed finger had been reported to the ...

-

Generac Holdings Inc. (NYSE: GNRC)

Lifshitz Law Firm, P.C. announces that a class action complaint was filed against Generac alleging Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Generac's portable generators posed an unreasonable risk of injury to users and the public; (2) as a result, at least seven finger amputations and one crushed finger had been reported to the Company; (3) as a result, Generac would face increased regulatory scrutiny; (4) the Company would end sales in its Generac® and DR® 6500 Watt and 8000 Watt portable generators in the United States and Canada in June 2021; (5) the Company would recall its Generac® and DR® 6500 Watt and 8000 Watt portable generators in the United States and Canada; (6) the end of sales and the recall would occur before the Company's noted hurricane and wildfire seasons and following the Texas outage—periods the Company has touted for sales; and (7) as a result, Defendants' public statements and statements to journalists were materially false and/or misleading at all relevant times.

If you are a Generac investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@jlclasslaw.com .

Katapult Holdings, Inc. (NASDAQGM: KPLT)

Lifshitz Law Firm, P.C. announces that a class action complaint was filed on behalf of shareholders of Katapult alleging that Defendants failed to disclose to investors: (1) that Katapult was experiencing declining e-commerce retail sales and consumer spending, (2) that despite Katapult's assertions that it was clear and compelling value proposition to both consumers and merchants, transforming the way nonprime consumers shop for essential goods and enabling merchant access to this underserved segment, Katapult lacked visibility into its consumers' future buying behavior; and (3) as a result, Defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.

If you are a Katapult investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@jlclasslaw.com .

PayPal Holdings, Inc. (NASDAQGS: PYPL)

Lifshitz Law Firm, P.C. announces that a class action complaint was filed against PayPal alleging that Defendants made false and/or misleading statements and/or failed to disclose that: (i) PayPal had deficient disclosure controls and procedures; (ii) as a result, PayPal's business practices with respect to PayPal Credit remained non-compliant with applicable laws and/or regulations; (iii) PayPal's practices regarding payment of interchange rates related to its debit cards were likewise non-compliant with applicable laws and/or regulations; (iv) accordingly, PayPal's revenues derived from its PayPal Credit and debit card practices were in part the subject of improper conduct and thus unsustainable; (v) all the foregoing subjected the Company to an increased risk of regulatory investigation and enforcement; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.

If you are a PayPal investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@jlclasslaw.com .

SeSen Bio, Inc. (NASDAQGM: SESN)

Lifshitz Law Firm, P.C. announces that a class action complaint has been filed against Sesen Bio alleging that Defendants failed to disclose to investors: (1) that Sesen Bio's clinical trial for Vicineum had more than 2,000 violations of trial protocol, including 215 classified as "major"; (2) that three of Sesen Bio's clinical investigators were found guilty of "serious noncompliance," including "back-dating data"; (3) that Sesen Bio had submitted the tainted data in connection with the BLA for Vicineum; (4) that Sesen Bio's clinical trials showed that Vicineum leaked out into the body, leading to side effects including liver failure and liver toxicity, and increasing the risks for fatal, drug-induced liver injury; (5) that, as a result of the foregoing, the Company's BLA for Vicineum was not likely to be approved; (6) that, as a result of the foregoing, there was a reasonable likelihood that Sesen Bio would be required to conduct additional trials to support the efficacy and safety of Vicineum; and (7) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

If you are a Sesen Bio investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@jlclasslaw.com .

ATTORNEY ADVERTISING. © 2021 Lifshitz Law Firm, P.C. The law firm responsible for this advertisement is Lifshitz Law Firm, P.C., 1190 Broadway, Hewlett, New York 11557, Tel: (516)493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Joshua M. Lifshitz, Esq.
Lifshitz Law Firm, P.C.
Phone: 516-493-9780
Facsimile: 516-280-7376
Email: jml@jlclasslaw.com


News Provided by GlobeNewswire via QuoteMedia

PYPL

PayPal Acquires TIO Networks

Core Innovation Capital and the Center for Financial Services Innovation has announced that their portfolio company has been acquired by PayPal (NASDAQ:PYPL).
As quoted in the press release:

CFSI, the nation’s authority on financial health, made an early investment in TIO Networks in 2005. Core, a venture capital firm investing in leading financial technology companies, invested in TIO in 2013 as part of their mandate to create value for everyday and underserved Americans.
TIO is a cloud-based multi-channel bill payment processor that has processed over $7 billion in payments in 2016 for its 14 million customers. The company delivers convenient access to secure bill pay via kiosk, walk-in, mobile and web solutions.
“Our exceptional financial return is further enhanced by the fact that TIO is one of the most impactful fintechs in the industry, now becoming part of PayPal,” said Arjan Schütte, founder and managing partner of Core.
“PayPal’s acquisition of TIO represents one of CFSI’s greatest impacts to date,” said Jennifer Tescher, founder and CEO of CFSI. “In TIO, we made an early investment that helped a strong innovator become a financial health champion, and the company has built an incredible business around a real consumer pain point, shaped it, and demonstrated that it can be done profitably. Under the larger umbrella of PayPal, TIO should scale even further to benefit more Americans.”
Seventy-nine percent of TIO’s customers are low-to-moderate income, of which a majority pays their bills by giving cash to a teller at a convenience or other retail location. One of the reasons both CFSI and Core invested is that these bills, when expedited, can be extremely expensive. When Core invested in 2013, TIO saved its customers $192 per year on walk-in bill pay charges, relative to the most common alternatives in the market. This translates to an aggregate savings of $290 million in that year alone. TIO is one of the most impactful companies in Core’s portfolio in terms of number of customers served and ratio of underserved customers.

Keep reading... Show less

CEO of Bitcoin Wall Provider Xapo Joins PayPal's Board of Directors

CEO of bitcoin waller provider Xapo has joined PayPal (NASDAQ:PYPL) as a new board member.
Wences Casares, CEO of bitcoin wallet provider Xapo, is the payments giant’s newest board member.

According to an article on Fortune:

Wences Casares, CEO of bitcoin wallet provider Xapo, is the payments giant’s newest board member. Payments giant PayPal announced a new board member this morning, potentially signaling the company’s openness to cryptocurrencies. Wences Casares, CEO of bitcoin wallet provider Xapo, joined PayPal’s board and is part of the company’s compensation committee.
Dan Schulman, president and CEO of PayPal PYPL 2.49% , said of the entrepreneur: “Wences’s unique line of sight into the future of commerce is ideally aligned with PayPal’s vision of transforming the management and movement of money for people around the globe.”

Keep reading... Show less
Mobi724 Logo

Mobi724 to Serve Global Clients Through Agreement with Worldline Brand Ingenico

Mobi724 to Provide all Value-Added Services on Ingenico's Payment Platform as a Service

Mobi724 Global Solutions Inc. (TSXV: MOS) ("Mobi724" or the "Company"), a fintech enabler of AI-powered payment card-linked solutions, is pleased to announce it has entered into an agreement to provide its value-added services on Ingenico's Payments Platform as a Service (PPaaS). Ingenico is a brand of Worldline (Euronext: WLN), the European leader in the payments and transactional services industry and fourth largest worldwide.

"Integrating with Ingenico's PPaaS allows us to provide our services on a global scale while also validating the impact and effectiveness of our AI-powered payment card-linked solutions," said Marcel Vienneau, CEO of Mobi724 Global Solutions Inc. "Through this collaboration, we join several other leading global players who are working with Ingenico to execute a shared vision of payment solutions that create truly enhanced transactions. This, combined with our recently announced programs in Latin America, further secures our position as an innovative payment solutions provider."

Keep reading... Show less

SoLa Impact's Black Impact Fund Receives $25 Million Investment from PayPal to Address Racial Equity Through Affordable Housing

SoLa Impact a leading minority-led housing developer, today announced a $25 million investment from PayPal for its fourth fund, the Black Impact Fund.  The investment further scales SoLa's production of high-quality affordable housing in California's major urban markets. PayPal's investment in SoLa's Black Impact Fund is part of PayPal's $535 million commitment to advance racial economic equity and support Black and underserved communities.

"PayPal is uniquely positioned to create economic opportunity for underinvested communities. This investment will contribute to progress in closing the racial wealth gap and providing access to affordable housing in Black and brown neighborhoods," said Martin Muoto, Chief Executive Officer, SoLa Impact. "We are excited to add PayPal to our cohort of leading corporate investors with a strong commitment to driving long-term transformative change and addressing economic inequality in historically underserved communities."

Keep reading... Show less

Mint Launches Bill Negotiation Feature to Help Customers Negotiate Bills and Curb Monthly Spending

Intuit's Mint partners with Billshark to offer users an easy way to negotiate bill and subscription costs, saving customers hundreds of dollars on their bills

Today, INTUit (NASDAQ: INTU), the global technology platform that makes TurboTax , QuickBooks , Mint , Credit Karma , and Mailchimp , announced Bill Negotiation in Mint, which can help cut down users' monthly bill and subscription payments by hundreds of dollars. In partnership with ApexEdge's Billshark, Mint suggests areas where users could save on monthly payments, and then connects them with Billshark to negotiate rates on their behalf.

Keep reading... Show less

Newsweek Ranks FIS as One of America's Most Responsible Companies

Key facts:

  • FIS was selected for the annual ranking based on its corporate achievements in the three areas of ESG – environment, social and corporate governance.
  • Newsweek rankings are determined by ESG performance data and perceptions of 11,000 U.S. residents surveyed last year.

Financial technology leader FIS ® (NYSE: FIS) announced today that it has been named to the America's Most Responsible Companies 2022 list by Newsweek magazine.

Keep reading... Show less

Real Matters to Hold Virtual Annual General Meeting on January 31, 2022

Real Matters Inc. ("Real Matters"), a leading network management services provider for the mortgage lending and insurance industries, will be holding its Annual General Meeting (the "Meeting") on Monday, January 31, 2022 at 10:00 a.m. (Eastern Time). The Meeting will be conducted online only, via audio webcast at: http://www.virtualshareholdermeeting.com/realmatters2022

Registered and non-registered shareholders entitled to vote at the Meeting may vote by proxy in advance of the Meeting. However, only registered shareholders and duly appointed proxyholders (including non-registered shareholders who have duly appointed themselves as proxyholder) will be entitled to vote at the Meeting during the live audio webcast. Non-registered shareholders who have not duly appointed themselves as proxyholders will be able to attend the Meeting and ask questions but will not be able to vote. Guests will be able to attend the Meeting but will not be able to submit questions, vote their shares (if any) or otherwise participate in the Meeting. Please note that shareholders and duly appointed proxyholders will need the 16-digit control number indicated on the form of proxy or voting instruction form accompanying their Notice of Meeting or the 8-character Appointee Identification Number, as applicable, in order to log on to the Meeting as "Shareholder" or "Proxyholder / Appointee". Otherwise, they will have to log on as "Guests". Please refer to the Company's Management Information Circular in the Investor Relations section of our website for additional details on how to log on to the Meeting.

Keep reading... Show less

Real Matters to Announce First Quarter Fiscal 2022 Financial Results on January 28, 2022

Real Matters Inc. ("Real Matters"), a leading network management services provider for the mortgage lending and insurance industries, will announce its first quarter financial results via news release on Friday, January 28, 2022, before market open.

Conference Call and Webcast
A conference call to review the results will take place at 10:00 a.m. (ET) on Friday, January 28, 2022, hosted by Chief Executive Officer Brian Lang and Chief Financial Officer Bill Herman. An accompanying slide presentation will be posted to the Investor Relations section of our website shortly before the call.

Keep reading... Show less

Latest Press Releases

Related News

×