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KMX CLASS REMINDER: CarMax, Inc. Investors with Losses are Reminded to Contact BFA Law before the Imminent January 2 Securities Class Action Deadline
Newsfile· 2025-11-28 13:18
KMX CLASS REMINDER: CarMax, Inc. Investors with Losses are Reminded to Contact BFA Law before the Imminent January 2 Securities Class Action DeadlineNovember 28, 2025 8:18 AM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - November 28, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against CarMax, Inc. (NYSE: KMX) and certain of the Company's senior executives for securities fraud after a significant ...
JHX CLASS REMINDER: James Hardie Industries plc Investors with Losses are Reminded to Contact BFA Law before the Imminent December 23 Securities Class Action Deadline
Newsfile· 2025-11-28 13:18
Core Viewpoint - A class action lawsuit has been filed against James Hardie Industries plc for securities fraud, following a significant stock drop attributed to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - Investors have until December 23, 2025, to request to lead the case in the U.S. District Court for the Northern District of Illinois [3]. - The lawsuit claims violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in James Hardie common stock [3]. Group 2: Company Background - James Hardie is a producer and marketer of high-performance fiber cement building solutions, primarily used in external siding for the residential building industry in the U.S. and Canada [4]. Group 3: Allegations of Fraud - During the relevant period, James Hardie misrepresented the strength and momentum of its North American fiber cement segment, claiming sustainable customer demand when, in fact, sales were driven by inventory loading by channel partners [5]. - The company reported a 12% decline in North American fiber cement sales during the quarter, revealing that customers were destocking to return to normal inventory levels [6]. Group 4: Stock Performance - Following the revelation of declining sales, James Hardie's stock price fell by $9.79 per share, a decrease of over 34%, from $28.43 on August 19, 2025, to $18.64 on August 20, 2025 [6]. Group 5: Management Changes - On November 17, 2025, it was announced that Rachel Wilson would step down from her role as CFO of James Hardie [7].
FCX CLASS REMINDER: Freeport-McMoRan Inc. Investors with Losses are Reminded to Contact BFA Law before the Imminent January 12 Securities Class Action Deadline
Newsfile· 2025-11-28 13:18
FCX CLASS REMINDER: Freeport-McMoRan Inc. Investors with Losses are Reminded to Contact BFA Law before the Imminent January 12 Securities Class Action DeadlineNovember 28, 2025 8:18 AM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - November 28, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Freeport-McMoRan Inc. (NYSE: FCX) and certain of the Company's senior executives for securities fraud ...
JEF SEC NEWS: SEC Probe into Jefferies Financial Group Inc. Revealed Over Point Bonita Disclosures, Investors Notified to Contact BFA Law
Newsfile· 2025-11-28 13:18
Core Viewpoint - Jefferies Financial Group Inc. and its trade finance arm, Point Bonita Capital, are under investigation by the SEC for potential violations of federal securities laws related to their exposure to First Brands Group, which recently filed for bankruptcy [1][5]. Group 1: Investigation Details - The SEC is examining whether Jefferies provided adequate information to investors regarding their exposure to the auto industry, specifically concerning First Brands Group, which had $12 billion in debt at the time of its bankruptcy [5]. - Jefferies and Point Bonita had approximately $715 million in exposure to First Brands' receivables, accounting for about 25% of Point Bonita's trade finance portfolio [4]. - Following the announcement of this exposure, Jefferies' stock price dropped by $4.66, or approximately 8%, from $59.10 to $54.44 per share [4]. Group 2: Legal Implications - Bleichmar Fonti & Auld LLP is investigating whether Jefferies and Point Bonita made materially false and misleading statements to investors regarding their significant exposure to First Brands [6]. - Investors are reportedly seeking redemptions from Point Bonita due to the financial fallout from First Brands' bankruptcy [4].
Inverite's AI Platform Becomes Core Data Layer for a Global Fintech's Tier 1 Canadian Wealth Management Clients
Newsfile· 2025-11-28 13:00
Core Insights - Inverite Insights Inc. has been selected by a global fintech enterprise as a core integrated data and verification provider for its Canadian wealth management ecosystem, enhancing its role in the financial sector [1][4]. Partnership Details - The partnership will embed Inverite's AI-enabled, real-time data intelligence layer into the fintech provider's Canadian wealth management infrastructure, facilitating onboarding, payment initiation, identity verification, and compliance workflows [2][5]. - This integration allows Tier-1 financial institutions to access Inverite's services without requiring separate integrations, streamlining operations [2][3]. Market Positioning - The agreement establishes a scalable distribution channel for Inverite, reinforcing its position in Canada's open banking ecosystem and supporting recurring revenue growth as its services are utilized across a national Tier-1 client base [3][4]. - The global wealth management technology provider involved manages over US$2 trillion in assets and serves more than 26 million end investors, indicating a significant market presence [5]. Product Offerings - Inverite's AI-driven Real-Time Data Platform will provide automated EFT collection and real-time KYC confirmation, enhancing the onboarding process and ensuring regulatory compliance [5][6]. - Automated EFT Collection offers a faster, more secure, and less error-prone onboarding process, while Real-time KYC Confirmation allows for instant verification of account ownership and identity [6]. Financial Activities - The company has announced a non-brokered private placement of $0.25 units, aiming for gross proceeds of up to $1,000,000, with each unit consisting of a Common Share and one-half Warrant [7].
North Peak Resources Announces Officer Change
Newsfile· 2025-11-28 12:30
Company Overview - North Peak Resources Ltd. is a Canadian-based gold exploration and development company listed on the TSX Venture Exchange under the symbol "NPR" and the OTCQB under the symbol "NPRLF" [4] - The company was launched by the founding team behind Kirkland Lake Gold and Rupert Resources, known for acquiring mining assets and applying modern exploration techniques [4] - In 2025, North Peak fully acquired the Prospect Mountain Property located in the historic high-grade gold and polymetallic mining camp of Eureka, Nevada [4] Leadership Change - Mr. Jim O'Neill has been appointed as the Chief Financial Officer and Corporate Secretary of North Peak, succeeding Mr. Andrew Dunlop [1][2] - Mr. O'Neill brings over 30 years of experience as a finance executive with multinational businesses across various countries, including Canada, USA, UK, Turkey, and Kenya [2] - The Board expressed gratitude towards Andrew Dunlop for his contributions over the past year [3]
Appia Rare Earths & Uranium Corp. Raises $1.5 Million from Warrant Exercises
Newsfile· 2025-11-28 12:30
Toronto, Ontario--(Newsfile Corp. - November 28, 2025) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is pleased to announce that as a result of the acceleration of the expiry date of certain warrants exercisable at $0.15, as announced in the Press Releases dated October 22, 2025 and October 30, 2025, an aggregate of 10,476,316 warrants have been exercised since November 1, 2025 for proceeds of $1,571,447.40.Early Warning Disclos ...
Lara Exploration Announces Closing of the Atlantica License Acquisition
Newsfile· 2025-11-28 12:30
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2025) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Company") is pleased to report that the purchase and sale agreement with Atlantica do Brasil Mineração Ltda. ("Atlantica") announced on October 14, 2025, has closed.The Company's wholly owned Brazilian subsidiary has now acquired an exploration license adjacent to Lara's Planalto Copper-Gold Project in the Carajás Mineral Province in northern Brazil. The 345-hectare license lies along strik ...
INEO Announces Suspension of Rights Offering
Newsfile· 2025-11-28 12:00
Core Viewpoint - INEO Tech Corp. has suspended its rights offering due to the withdrawal of conditional approval from the TSX Venture Exchange, following a shareholder complaint regarding the offering's structure and its impact on shareholder interests [1] Company Overview - INEO Tech Corp. operates at the intersection of in-store retail media and loss prevention through its subsidiary INEO Solutions Inc. [2] - The company manages the INEO Media Network, a digital signage and retail analytics platform, and INEO Retail Media, which focuses on advertising across in-store screens [2] - INEO's technology integrates Electronic Article Surveillance (EAS) pedestals with digital displays, helping retailers reduce theft while generating additional media revenue [2] - The company is headquartered in Surrey, British Columbia, Canada, and is publicly traded on the TSX Venture Exchange and OTCQB [2]
New Found Gold Engages Project Finance Advisor for the Queensway Gold Project
Newsfile· 2025-11-28 11:58
Core Insights - New Found Gold Corp. has engaged Cutfield Freeman & Co. Ltd. as its project finance advisor to assist in financing strategies for the Queensway Gold Project [1][2] - The company is targeting a $155 million initial capital expenditure for Phase 1 production, expected to commence in the second half of 2027 [3][10] Company Overview - New Found Gold is an emerging Canadian gold producer with a 100% interest in the Queensway project and additional operations including Hammerdown, Pine Cove, and Nugget Pond [4][6] - The company aims to advance the Queensway project towards production while stabilizing the Hammerdown operation [4][6] Project Development - The Queensway Gold Project has shown promising results from recent drilling, indicating significant district-scale potential along a 110 km strike extent [5] - A Preliminary Economic Assessment (PEA) was completed in July 2025, further supporting the project's viability [5] Management and Strategy - The company has a new board of directors and management team, with a focus on growth and value creation [6] - CEO Keith Boyle emphasized the importance of selecting optimal financing packages for the development and construction of mining projects [3][6]