first_imgSource: BusinessWire – April, 21, 2009 Coughlin Stoia Geller Rudman & Robbins LLP, a leading plaintiffs’ firm based in San Diego, has announced the firm has secured a settlement of $50 million in cash for a class of TD Banknorth, Inc shareholders. Plaintiffs in a related action previously attempted to settle the case for under $3 million, or $.03 per TD Banknorth share. This victory for shareholders provides members of the class with an exponentially greater recovery than the related action was poised to provide before plaintiffs City of Dearborn Heights (MI) Act 345 Police & Fire Retirement System and H. Louis Farmer, Jr. successfully objected to that settlement and took over the case.The $50 million settlement, before fees and expenses, is more than 16 times the amount shareholders would have received under the previously proposed settlement. The Settlement Agreement was filed with the Court late yesterday and the settlement is subject to approval by the Court.”We always believed that TD Banknorth’s shareholders deserved more than mere pennies, and we’re pleased that we were able to obtain substantially more than the originally proposed settlement,” said John J. Riley II, the Treasurer of the City of Dearborn Heights.This class action was filed on behalf of former stockholders of TD Banknorth, arising out of the April 20, 2007 going-private merger in which Toronto-Dominion Bank, TD Banknorth’s majority stockholder, cashed out TD Banknorth’s public stockholders for $32.33 per share. The plaintiffs alleged that defendants breached their fiduciary duties to TD Banknorth’s shareholders because the terms of the going-private merger were unfair and the result of an unfair process.A number of plaintiffs filed complaints in Delaware and attempted to settle the case quickly. At the same time, Farmer filed an action in Maine state court and aggressively litigated the case. After obtaining strong evidence in support of his claims, Farmer, along with Dearborn Heights, took his case to Delaware and successfully objected to the settlement reached by the original Delaware plaintiffs. As the Court later summarized:While Farmer took extensive discovery in the Maine litigation, including nine depositions, the Original Plaintiffs did little to advance the litigation in Delaware, seemingly satisfied with negotiating a very modest settlement. Aware of these negotiations and concerned by what he saw as the Original Plaintiffs’ lack of diligence, Farmer stipulated to stay the Maine litigation and, with the other plaintiff currently seeking certification, the City of Dearborn Heights Act 345 Police & Fire Retirement System (“Retirement System”), filed a motion to intervene in the Delaware litigation. On March 23, 2007, two days after the filing of the motion to intervene, the Original Plaintiffs filed a stipulation of settlement, agreeing to the certification of the class and the appointment of the Original Plaintiffs as class representatives. The terms of the settlement also included certain corrective disclosures, and an increase of $.03 per share in the merger price…. Farmer and Retirement System filed their objection, amply supported by the extensive discovery taken in the Maine action, and, on July 19, this court rejected the settlement….”We firmly believed in the strength of our claims and were forging ahead towards trial prior to reaching a settlement with defendants. We consider this an exceptional result for our clients and the class,” said Coughlin Stoia partner Samuel H. Rudman.For more information, you can review the Settlement Agreement and exhibits thereto on the Coughlin Stoia web site (www.csgrr.com(link is external)) and at www.TDBanknorthShareholdersLitigation.com(link is external).last_img read more

first_imgThe Zagreb Tourist Board has announced a public call for applications for co-financing of projects, events, marketing projects, gatherings and candidacies in 2019, whereby applications for co-financing in 2019 are collected through online application form  Special attention will be paid to: quality of project elaboration, ie detailed description, possibilities and independence of implementation, really expected result, involvement of various participants in the project, international impact of the project, contribution of the project to positioning Zagreb as a modern and urban destination and preservation of cultural heritage. the sustainable nature of the project and the innovative way of thinking. Criteria that will be evaluated for approving financial support of the Zagreb Tourist Board for projects and congress activities in 2019 are: Number of arrivals and overnight stays of domestic and foreign visitors related to the project, visitors whose main motive is visit to the event / project, value of media announcements in foreign and domestic media, enrichment of the tourist offer, budget, number of visitors / users of the project, tradition of the project, acceptance and sustainability, ability of the organizers, cooperation with travel agencies and overall assessment of the project and feasibility.Photo: Zagreb Light Festival The aim of co-financing is to encourage the development of existing and create new projects that increase the number of arrivals and overnight stays in the destination, enrich the tourist offer of the destination and promote the tourist product of Zagreb. “In this way, we want to develop the tourist product of the city of Zagreb – both the one that generates arrivals and the one that creates an atmosphere during the stay in the destination. At the same time, the goal of co-financing are projects aimed at promoting the city of Zagreb and projects related to the congress industry. ” stand out from TZGZ. Applications for co-financing in 2019 are collected via the Form located at the following link: http://digitalna-prijava.tzgz.hr , and the last day by which you can apply for the project, ie upload the Form to the online system is September 14, 2018. See the attachment for more details.Side dish: TZGZ Public call for collecting applications for co-financing in 2019last_img read more

first_imgMirvac launches new Ashford Residences at Everton Park.A new community at Everton Park is expected to attract strong interest from Brisbane buyers keen to build a home close to the heart of the city.Located at 50 Ashmore St, the 124-residence community is being developed by Mirvac on a 6ha parcel of land, only 7km from the Brisbane CBD. HOW MILLENNIALS ARE CASHING IN MORE QLD REAL ESTATE NEWS: The spacious interior at Ashford Residences.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoBody corporate residents will have exclusive access to the Ashford Club, which will feature a pool with children’s splash area, gymnasium, teppanyaki grill and barbecue, seating areas and a large turfed area, overlooking the eco area and Kedron Brook cycleway.As part of the project, Mirvac has recently completed the refurbishment of the historic Murphy’s Dairy residence, situated at the entrance to the community.The heritage Queenslander is currently operating as the Ashford Residences sales centre but is planned to be fully restored and offered for sale as a family home.Development works for the Ashford Residences are due to begin early next year, with the entire project to be completed over multiple stages.“Whatever option they choose, buyers will enjoy the beautiful surrounds of Everton Park and be within walking distance of creek-side parks, picnic spots, bike paths and dog-friendly areas, and commuting distance of the city,” Mr Bible said.Home sites at the Ashford Residences are priced from $495,000, and Mirvac has partnered with leading builders to create pre-approved house and land packages. Ashford Residences at Everton Park.Mirvac’s Warwick Bible said the initial release was stage one of the Ashford Residences and comprised 22 home sites, ranging from 431sq m to 631sq m.”Stage one of Ashford Residences will allow buyers to plan and build their own dream detached home, with design standards in place to ensure a high-quality, consistent streetscape throughout the community.”Mr Bible noted interest in the project was expected to be widespread, with families, professionals and downsizers among the prospective buyers.“The opportunity to build a brand new home this close to the heart of Brisbane is extremely scarce and, when coupled with the desirable leafy location alongside Kedron Brook, we are anticipating particularly strong interest,” he said.The Ashford Residences includes body corporate and non-body corporate lots.center_img SALES RAMPING BACK UP WHAT YOU MUST DISCLOSE WHEN SELLING Follow us on Facebook.last_img read more

first_imgThe Greensburg Pirates traveled to Franklin County Thursday evening to take on the Wildcats.The Pirates fell to Franklin County 4-1.The Pirates and Wildcats battled tough for the game’s first 38 minutes before Franklin County slipped through the Pirate defense to bring the halftime score to 1-0 in favor of the Wildcats. Franklin County added 2 more midway through the second half making the score 3-0 before Greensburg was able to score. With less than 20 minutes to play, senior Jose Rosales was on the attack in the Wildcat penalty box. Rosales drew a foul setting up a penalty kick, which was taken and scored by senior Jordan Kramer, his first of the season. The Wildcats were able to put one more in before the final whistle blew, bringing the final score to 4-1.Junior midfielder, Kyle Bumbala, freshman midfielder Camden Rose, and senior defender Logan Yeager all did a great job of getting up into the attack and giving the Pirates opportunities to score.The Pirates are back in action next Thursday, September 17 to take on Batesville at 5:00 pm.Courtesy of Pirates Coach Cody DeVolld.last_img read more

first_img Hyundai Dealers Reportedly Price Gouging On Kona Electric Hyundai Kona Electric – Every Button Explained & Explored: Video Source: Electric Vehicle News What the heck, Hyundai! The Korean automaker, along with affiliated company Kia, offers one of the most promising warranties in the industry today. To tell buyers that not only the crossover is priced way above MSRP — and not really available — but to expect them to pay even more to add some crazy anti-theft device … “or else,” is true highway robbery. This all reminds us of the days of the “bullsugar” Ziebart debacle.Now, we’ve learned that there are already growing concerns in Australia as well. While the Kona will be officially added to Australia’s growing electric car fleet soon, a reported paperwork delay is holding up vehicle deliveries. As it turns out, it’s not only Tesla that is up against delivery issues and paperwork delays. Hopefully, Hyundai can get the issues worked out promptly and begin delivering the Kona Electric in OZ.Interestingly, Hyundai denies any such issues and says the car will be for sale in Australia soon. We are still waiting to hear back from Hyundai about dealerships gouging prices and pushing mandatory, anti-theft devices. Not to mention waiting to get details about the company’s suddenly, substantially reduced production and deliveries.Source: The Driven Author Liberty Access TechnologiesPosted on March 21, 2019Categories Electric Vehicle News Hyundai Kona Electric Production Down, But Why? It seems Hyundai Kona Electric deliveries are stalled in many markets.The Hyundai Kona Electric has proven hugely popular globally, but most people just can’t get their hands on one. In the U.S., this compelling, all-electric crossover is essentially unavailable. In a few markets where it is available, dealers are gouging prices and pushing aftermarket add-ons for big money. While aftermarket dealer add-ons are not mandatory, some Hyundai dealers in the U.S. have gone so far as to tell buyers if they don’t add them, their warranty will be voided.Related Hyundai Kona Electric Stories:last_img read more