New Mexico-based chain, Dion s Pizza, said after beginning to vet POS systems a "few years ago," it s finally chosen SpeedLine Solutions as the exclusive provider for the 26-location system, with stores in Colorado and Texas, as well as New Mexico,…
(Bloomberg) Virgin Galactic Holdings Inc. was sued by an investor who claims he lost money when the space-tourism company announced that it would restate its results due to regulatory guidance about the accounting treatment of warrants.The Las Cruces, New Mexico-based company said on April 30 that it would have to restate its 2020 results because of accounting guidance of regulators related to special purpose acquisition companies, or SPACs. The next trading day, its shares fell 9%. The company combined with Social Capital Hedosophia, run by former Facebook executive Chamath Palihapitiya, and went public in October 2019.The Securities and Exchange Commission set forth new guidance in April that warrants, which are issued to early investors in the deals, might not be considered equity instruments and may instead be liabilities for accounting purposes. In a SPAC, early investors buy units, which typically includes a share of common stock and a fraction of a warrant to purchase more sto
Labaton Sucharow LLP Files Securities Class Action Lawsuit Against Array Technologies, Inc. and Related Parties
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NEW YORK, NY / ACCESSWIRE / May 27, 2021 / Labaton Sucharow LLP ( Labaton Sucharow ) announces that on May 14, 2021, it filed a securities class action lawsuit, captioned
Plymouth County Retirement Association v. Array Technologies, Inc., No. 21-cv-2396 (S.D.N.Y.) (the Action ), on behalf of its client the Plymouth County Retirement Association ( PCRA ) against Array Technologies, Inc. (NASDAQ:ARRY) ( Array or the Company ) and other related parties (collectively, Defendants ).
The Action asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the Exchange Act ) and SEC Rule 10b-5 promulgated thereunder on behalf of all persons and entities who purchased or otherwise acquired Array securities between October 14, 2020 and May 11, 2021, inclusive (the Class Period ), who were damaged thereby. The Exchange Act c
Environmental issues are taking center stage in New Mexico's upcoming special election, where the Democratic Party is looking to maintain its hold on a seat previously held by Interior Secretary Deb Haaland. Democratic candidate Melanie Stansbury, a state legislator, is leaning on her experience as an environmental science professional as she looks to defeat Republican state Sen. Mark Moores in the June 1 election, underscoring the importance.