NEWS RELEASE February 15, 2019 Contact: Julie R. Smolinski Telephone: (808) 543-7300 Director, Investor Relations E-mail: [email protected] HAWAIIAN ELECTRIC INDUSTRIES REPORTS 2018 RESULTS,INCREASES DIVIDEND AND NOMINATES NEW DIRECTORSFull year net income and diluted earnings per share (EPS)1 grew 22%Core net income and EPS rose 12%. Dividend increase of 3%. Three new independent directors nominated for election […]
Monthly Archives: February 2019
Brian Hirsch et al.
Litigation Release No. 24404 / February 15, 2019 Securities and Exchange Commission v. Brian Hirsch et al., No. 17-cv-13226 (D.N.J.) On February 13, 2019, the U.S. District Court for the District of New Jersey entered a final judgment against defendant Brian Hirsch, who was charged by the SEC in connection with public offering allocation practices […]
Gordon J. Coburn and Steven E. Schwartz
Cognizant Technology Solutions Corporation has agreed to pay $25 million to settle charges that it violated the Foreign Corrupt Practices Act, and two of the company’s former executives were charged for their roles in facilitating the payment of millions of dollars in a bribe to an Indian government official. The SEC’s complaint alleges that in […]
Joshua Sason, et al.
Washington, D.C., February 15, 2019 – The Securities and Exchange Commission today announced charges against four individuals and related businesses for their roles in two microcap frauds and unlawful securities offerings. In sum, the alleged illegal transactions resulted in proceeds of more than $25 million. According to the SEC’s complaint, from approximately December 2012 to […]
Inteligentry, Ltd., PlasmERG, Inc., PTP Licensing, Ltd. and John P. Rohner
Litigation Release No. 24401 / February 15, 2019 Securities and Exchange Commission, Plaintiff-Appellee v. Inteligentry, Ltd., PlasmERG, Inc., PTP Licensing, Ltd., Defendants, and John P. Rohner, Defendant-Appellant, United States Court of Appeals for the Ninth Circuit, Appeal No. 17-16644 Securities and Exchange Commission v. Inteligentry, Ltd., PlasmERG, Inc., PTP Licensing, Ltd. and John P. Rohner, […]
FTC Announces Annual Update of Size of Transaction Thresholds for Premerger Notification Filings and Interlocking Directorates
For 2019, the size-of-transaction threshold for reporting proposed mergers and acquisitions under Section 7A of the Clayton Act will adjust from $84.4 million to $90 million. Also, the 2019 thresholds under Section 8 of the Act that trigger prohibitions on certain interlocking memberships on corporate boards of directors are $36,564,000 for Section 8(a)(l ) and […]
Blockvest, LLC, et al.
Litigation Release No. 24400 / February 14, 2019 U.S. Securities and Exchange Commission v. Blockvest LLC, et al., Civil Action No. 18-CV-2287-GPB(MSB) (S.D. Cal.) On February 14, 2019, the Honorable Gonzalo P. Curiel of the United States District Court for the Southern District of California entered a preliminary injunction against Blockvest LLC and its founder […]
FTC to Host Forum on Small Business Financing
The Federal Trade Commission will host a forum on small business financing on May 8, 2019, to examine trends and consumer protection issues in this marketplace, including the recent proliferation of online loans and alternative financing products. Small businesses are an integral part of the U.S. economy, and they often need financing in order to […]
FTC Returns Full Refunds to Consumers Who Paid to Lower Their Credit Card Interest Rates
The Federal Trade Commission is mailing 1,244 checks to consumers who bought deceptively marketed credit card interest rate reduction services after being contacted via illegal robocalls. Affected consumers will receive full refunds, with most receiving $1,100 or more, within the next week. In May 2015, a Florida district court ordered several defendants in the FTC’s […]
FTC Announces March 2019 Session on International Engagement as Part of its Hearings on Competition and Consumer Protection in the 21st Century
The 11th session of the Federal Trade Commission’s Hearings Initiative, “The FTC’s Role in a Changing World,” will focus on the agency’s international work. The hearing will take place in Washington, D.C. on March 25-26, 2019. The session will explore the FTC’s international role in light of globalization, technological change, and the increasing number of […]