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LRC venture acquires $57M Memphis industrial portfolio


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Rye Brook, NY-based LRC Properties has acquired a 1,115,269 s/f industrial portfolio in Memphis for $57 million.
The portfolio comprises three buildings located at 3530 East Raines Road, 5510 East Holmes Road and 5540 East Holmes Road.
It is the second major purchase LRC Properties has made in Memphis and follows its recent purchase of the Technicolor Building at 4925 Southridge Blvd in December 2020.
The acquisition was completed via a joint venture with funds managed by Miami-based Rialto Capital Management.
The properties are currently fully occupied by Geodis Logistics and Dayco. LRC Properties plans to do minor capital improvements to the properties.
“Our purchase of this portfolio of properties is part to our continued industrial growth strategy for the Memphis market,” said Karie Nero, Principal of LRC Properties. ....

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Logistics, supply company allegedly violated BIPA with employee fingerprint scans


EAST ST. LOUIS An international logistics and supply management company with more than 10 facilities in Illinois, is facing a class action alleging it illegally collected employees biometric data. 
Zyanne Garner, individually and on behalf of all others similarly situated, filed a complaint April 13 in the U.S. District Court for the Southern District of Illinois East St. Louis Division against Geodis USA LLC, Geodis Logistics LLC frequently known as Ozburn Hessey Logistics LLC and Geodis Transportation LLC frequently known as Ozburn-Hessey Logistics LLC and OHL Transportation alleging violation of the Illinois Biometric Information Privacy Act (BIPA). 
Garner alleges in the class action that she began working for the defendants in September of 2018 through May 2019, at its Geodis facility on Gateway Commerce Center Drive in Edwardsville. She claims she and other employees were required to use their fingerprint scanner to clock in and out of work on the company s tim ....

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Coface SA: COFACE SA: Governance evolution - Bernardo Sanchez Incera appointed Chairman of the Board of Directors


Coface SA: COFACE SA: Governance evolution - Bernardo Sanchez Incera appointed Chairman of the Board of Directors
COFACE SA: Governance evolution - Bernardo Sanchez Incera appointed Chairman of the Board of Directors
Following the change in the shareholder base and the arrival of Arch Capital Group Ltd. (Arch)
- (NASDAQ: ACGL) -
in Coface s capital, COFACE SA s Board of Directors is evolving. Bernardo Sanchez Incera has been appointed Chairman of the Board of Directors.
The transaction between Natixis and Arch for the sale of a stake in Coface s capital, which was announced on 25 February 2020, has received all the necessary approvals for its closing. As a result, Arch now holds 44.8m shares of Coface, representing 29.5% of the company s capital. ....

United States , France General , San Francisco State University , United Kingdom , Bernard Bosson , Nathalie Lomon , Bernardo Sanchez Incera , Olivier Zarrouati , Isabelle Laforgue , Societe Generale , Sharon Macbeath , Xavier Durand , Marc Grandisson , Maroquinerie Europe , Tinto Alcan , Insurance Department , Business School , Head Of External Development , Member Of The International Actuarial Association , Committee Of The Rexel , Arch Mortgage Insurance Company , Group Of The Coface , University Of Montreal , Coface Group , Communications For Redcats , Sorema Na Reinsurance Group ,

Investegate |Coface SA Announcements | Coface SA: COFACE SA: Governance evolution – Bernardo Sanchez Incera appointed Chairman of the Board of Directors


COFACE SA: Governance evolution – Bernardo Sanchez Incera appointed Chairman of the Board of Directors
Paris, 10
COFACE SA: Governance evolution – Bernardo Sanchez Incera appointed Chairman of the Board of Directors
Following the change in the shareholder base and the arrival of Arch Capital Group Ltd. (Arch)
- (NASDAQ: ACGL) -
in Coface s capital, COFACE SA s Board of Directors is evolving. Bernardo Sanchez Incera has been appointed Chairman of the Board of Directors.
The transaction between Natixis and Arch for the sale of a stake in Coface s capital, which was announced on 25 February 2020, has received all the necessary approvals for its closing. As a result, Arch now holds 44.8m shares of Coface, representing 29.5% of the company s capital. ....

United States , France General , San Francisco State University , United Kingdom , Bernard Bosson , Nathalie Lomon , Bernardo Sanchez Incera , Olivier Zarrouati , Isabelle Laforgue , Societe Generale , Sharon Macbeath , Xavier Durand , Marc Grandisson , Maroquinerie Europe , Tinto Alcan , Insurance Department , Business School , Head Of External Development , Member Of The International Actuarial Association , Committee Of The Rexel , Arch Mortgage Insurance Company , Group Of The Coface , University Of Montreal , Coface Group , Communications For Redcats , Sorema Na Reinsurance Group ,