Insolvency Guardian Media Centre
BENSALEM, Pa., Feb. 22, 2019 (GLOBE NEWSWIRE) — Law Offices of Howard G. Smithreminds investors of theMarch 4, 2019deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Yangtze River Port and Logistics Limited (Yangtze River or the Company) (NASDAQ: YRIV) securities betweenFebruary 2, 2016 and December 5, 2018,inclusive (the Class Period).
Investors that suffered losses on their Yangtze Riverinvestments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].
OnDecember 6, 2018, Hindenburg Research published a report describing the Company as a scheme run by …
Read the full article at: https://globenewswire.com/news-release/2019/02/22/1740975/0/en/Deadline-Alert-The-Law-Offices-of-Howard-G-Smith-Reminds-Investors-of-Looming-Deadline-in-the-Class-Action-Lawsuit-Against-Yangtze-River-Port-and-Logistics-Limited.html
It seems that all things Mars has been having a tough time of late. The Mars Opportunity Rover has officially died and is unresponsive, and now the company responsible for Mars One has gone bankrupt. These two missions are about as different as they can be from each other, with some comparing the Mars One campaign with the infamous Fyre Festival. As well see shortly, that comparison is not too far off.
On August 31, 2013 – 202,586 people from around the globe signed up in hopes to become a part of the first, one-way crewed mission to the red planet. In order to apply, applicants needed to fill out a form, and pay a fee of $40. That would amount to a total of $8.1 million in registration fees. Another draw for potentia…
Read the full article at: http://www.wbrz.com/news/mars-one-and-its-intended-reality-show-is-declaring-bankruptcy/
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Read the full article at: https://www.wishtv.com/national/reduce-the-national-debt-petition-says-sell-montana-to-canada/1798882736
The Gambling Commission has opened a consultation seeking evidence on the issue of gambling with credit cards. It said that if will “consider whether regulatory interventions such as restricting or prohibiting gambling via credit cards are necessary” if there is an “absence of effective consumer protections to limit the risks of harm posed”.
Gambling law expert Audrey Ferrie of Pinsent Masons, the law firm behind Out-Law.com, said the onus is on the gambling industry to address the concerns that customers may use credit facilities to gamble with more money than they can afford to lose.
“Land-based gambling already has more restrictions in relation to the availability of credit and I can see those rules being extended to online gambling…
Read the full article at: https://www.out-law.com/en/articles/2019/february/industry-must-act-to-address-gambling-credit-concerns/
Weve all done it.
Weve all bought something we couldnt afford or racked up a huge credit card debt.
Its because weve fallen in the trap of the following money myths, says financial adviser Glen James, host of theMy Millennial Money podcast.
Speaking toYour Money Live, he debunked the myths, saying theyare perpetuated by well-meaning family members or teachers but can lead to some poor financial decisions.
Here are his five worst:
1. Debt consolidation is good
Debt consolidation is when multiple debts, such as credit card and personal loans, are consolidated into one loan to create one payment. In theory, it sounds simple.
But debt consolidation doesnt actually solve the issue.
The problem is,…
Read the full article at: https://www.yourmoney.com.au/wealth/personal-finance/the-5-worst-money-myths-you-need-to-forget/
By Jennifer Barrios,
Video still
Peter Bang was shaking.
The 20-year Montgomery County employee sat before the county attorney and his deputy ina conference room in Rockville, staring at the piece of paper in front of him. He was being placed on leave without pay for stealing more than $6.7million in public funds over six years, by far the largest embezzlement scheme in the affluent suburbs history.
Bang…
Read the full article at: https://www.washingtonpost.com/local/md-politics/fake-invoices-and-gambling-debts-how-a-county-bureaucrat-stole-67-million/2019/02/21/7c35e6a6-2641-11e9-90cd-dedb0c92dc17_story.html
NEW YORK, Feb. 22, 2019 (GLOBE NEWSWIRE) — Pawar Law Group reminds shareholders who purchased shares of Yangtze River Port and Logistics Limited (NASDAQ: YRIV) from February 2, 2016 through December 5, 2018, inclusive (the Class Period) of the important March 4, 2019 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for Yangtze River investors under the federal securities laws.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Yangtzes purported lease of the Wuhan Yangtze River Newport Logistics Center, the companys main asset, was a fabrication; (2) Yangtzes only operating subsidiary, Wuhan Yangtze River Newport Logistics Co., Ltd., was de…
Read the full article at: https://globenewswire.com/news-release/2019/02/22/1741010/0/en/Yangtze-River-Port-and-Logistics-Limited-Reminder-Pawar-Law-Reminds-of-Important-March-4-2019-Lead-Plaintiff-Deadline-in-Class-Action-YRIV.html
NEW YORK, Feb. 22, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.
Yangtze River Port and Logistics Limited (NASDAQGS: YRIV)
Class Period: February 2, 2016 – December 5, 2018
Lead Plaintiff Deadline: March 4, 2019
Join the action: https://www.zlk.com/pslra-1/yangtze-river-port-and-logistics-ltd-loss-form?wire=3
Allegations: Yangtze River Port and Logistics Limited made materially false and/or mislead…
Read the full article at: https://globenewswire.com/news-release/2019/02/22/1740991/0/en/CLASS-ACTION-UPDATE-for-YRIV-W-ASTE-and-VALE-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders.html
This is to inform you that the meeting of the Committee of Creditors (COC) of the Company is adjourned to on Monday, 25th February, 2019 at 11.30 A.M at the registered office of the Company situated at Plot No. 20, Sector – I, Survey No. 64, 4th Floor, HUDA Techno Enclave, Hyderabad – 500 081, Telangana, India.
Source : BSE – www.bseindia.com
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/viceroy-hotels-ltd-corporate-insolvency-resolution-process-cirp-updates-corporate-insolvency-resolution-process-cirp/article26342339.ece
Data (Northern) Limited was wound up in the public interest on 18 February 2019 in the High Court in Manchester by District Judge Obodai. The Official Receiver has been appointed as liquidator of the company.
Stockport-based Data Northern was incorporated in February 2010 and the company was concerned with producing drug awareness booklets for schools.
The colour booklets, Are You on Drugs, were 40 pages long and provided information around dealing with the effects of a variety of drugs and alcohol. However, the booklets were authored by the director of the company, Ashley Thorley, who had no formal training.
Complaints were received about the operation of the company, which resulted in confidential investigations conducted by the I…
Read the full article at: https://www.gov.uk/government/news/company-conned-small-businesses-to-sponsor-sham-drug-campaigns
Matthew Daniel John Sellars (40), from Bristol, received a nine month prison sentence at Bristol Crown Court on Thursday 7 February after he pled guilty to three counts of acting in the management or as director of a company while an undischarged bankrupt.
On passing sentence, HHJ Hart also disqualified Matthew Sellars from acting as a director of a company for four years from the date of sentence. This is a separate order in addition to any continuing bankruptcy prohibitions and prevents Matthew Sellars from directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company
The court heard that Matthew Sellars was made bankrupt at Bristol County Court in August 2016. …
Read the full article at: https://www.gov.uk/government/news/bankrupt-nightclub-boss-sentenced-for-acting-as-company-director
Pearson reported a slide in sales on Friday but profits rose at the educational publishing group as it promised to stabilise the company this year amid a painful restructuring.
Revenues tumbled 9 per cent to 4.1bn in 2018 compared with the previous year while pre-tax profits rose 18 per cent to 498m, the company said.
Shares were flat by mid-morning in London trade as adjusted operating profit, which strips out costs relating to acquisitions, disposals and major restructuring charges, rose 8 per cent to 546m, in line with guidance.
The group blamed portfolio changes for the revenue fall.
We have a lot still to do, but we expect company-wide sales to stabilise this year, and grow again in 2020 and beyond, said chief executive John Fall…
Read the full article at: https://www.ft.com/content/05aee1c2-3677-11e9-bb0c-42459962a812