VANCOUVER, Canadá, 11-Sep-2024 — /EuropaWire/ — En una iniciativa de gran importancia para los accionistas de Grupo Elektra, S.A.B. de C.V., Astor Asset Management 3 Ltd ha comenzado el proceso de conformar un grupo de inversores para llevar adelante una demanda colectiva contra Ricardo Benjamin Pliego Salinas y su empresa, Grupo Elektra. La demanda se basa en la falta de divulgación de transacciones financieras clave, como préstamos y pignoraciones de acciones, por parte de Salinas, lo que, según la firma, ha causado un daño material a los accionistas.
De acuerdo con Astor Asset Management, Salinas y su familia, quienes poseen una participación mayoritaria en Grupo Elektra, no han cumplido con las obligaciones de transparencia, afectando el precio de las acciones de la compañía. El objetivo de la demanda es obtener compensaciones para los accionistas que, según se alega, han sufrido pérdidas debido a la sobrevaloración del precio de las acciones de la empresa.
Astor invita a los inversores que adquirieron acciones de Grupo Elektra en los últimos siete años a unirse a esta acción colectiva, con la intención de buscar justicia y transparencia en el mercado.
VANCOUVER, 11-Sep-2024 — /EuropaWire/ — In a significant development within the investment community, Astor Asset Management 3 Ltd has initiated steps to form a group of investors to pursue legal action against Ricardo Benjamin Pliego Salinas and Grupo Elektra, S.A.B. de C.V. The lawsuit alleges Salinas, who controls 74% of Elektra’s shares, has engaged in improper financial dealings, including undisclosed loans and share pledges, that have harmed shareholders.
The case centers on Salinas’s alleged failure to disclose critical financial transactions, such as the recent pledge of 7.2 million Elektra shares as collateral for a loan with Astor Asset Management. The lack of transparency surrounding these activities, along with previous non-disclosures of trades and loans, has drawn the attention of regulators and investors alike.
Astor claims that Salinas’s actions have contributed to an overvaluation of Elektra shares, which trade at an inflated price despite declining earnings. These factors, combined with a series of prior regulatory fines for Salinas, have raised concerns of market manipulation and misinformation.
Astor is calling on investors who have purchased Elektra shares within the last seven years to join the class action, with the goal of seeking compensation for financial losses incurred due to alleged manipulation and lack of regulatory compliance. The lawsuit is expected to be filed in multiple jurisdictions, including Mexico, the United States, and Europe.
Palo Alto, California, USA, 2020-Aug-17 — /EPR LAW NEWS/ — Louis Lehot, the founder of L2 Counsel, P.C., talks about his seven habits to being a better leader, especially when everyone is remote and distributed.
We sat down with Louis Lehot, the founder of L2 Counsel, P.C., and talked to him about his seven habits to being a better leader, especially when everyone is remote and distributed.
Louis Lehot
Louis Lehot is a corporate, securities, and M & A lawyer. His clients are public or private companies, financial sponsors, venture capitalists, investors, investment banks, in forming, financing, governing, buying, and selling companies.
According to Louis Lehot, here are some of the leadership qualities that good leaders strive towards:
Have Vision:Â Good leaders have a vision and purpose. They share their vision with their followers. A great leader explains why they are moving the team in one direction or another, shares their strategy and includes others in their action plan to achieve the desired goal.
Be understanding of evolving circumstances:Â Great leaders have empathy. Unfortunately, many leadership positions follow a dictatorial style failing to make a closer connection with their base. Understanding issues others in your circle have is the first step to become an effective leader.
Be ready to adapt to change:Â Covid-19 has thrown us for a loop, but as they say, when the going gets tough, the tough get going. Great leaders follow this rule. They are resilient, have a positive attitude, and rally their followers. Great leaders also focus on solutions, not problems.
Strong EQ:Â Good leaders understand people, connect with people emotionally, and understand the problems of others. Emotionally intelligent leaders have a higher degree of social awareness, more effective communication styles, and are good at resolving conflicts. Leaders who have EQ not only handle conflict in a better way, but also play an essential role in conflict resolution.
Inspire Others:Â Probably the most challenging job for a leader is to persuade others to see things as they do. They also know you inspire others by setting a good example. When the going gets tough, people look to see how leaders react to the situation. As a leader, thinking positive and a positive approach should be visible, inspiring others through your actions.
Decision-Making Capabilities: Many leaders have a futuristic vision; great leaders can make the correct decision at the right time. Decisions in any situation will have a profound impact on others’ lives, which is why a leader should think long and earnestly before acting. Once the decision is made and executed, stand by it.
Accountability:Â When it comes to responsibility, make sure that you are accountable for what you are doing. Good leaders are self-aware, realize their mistakes, and work diligently to improve. Holding themselves responsible for their actions goes a long way in creating a sense of responsibility among your staff. It will serve as an example so that they go about the business more seriously.
Louis Lehot is the founder of L2 Counsel. Louis is a corporate, securities, and M & A lawyer. He helps his clients, whether they be public or private companies, financial sponsors, venture capitalists, investors, or investment banks, in forming, financing, governing, buying, and selling companies. He is formerly the co-managing partner of DLA Piper’s Silicon Valley office and co-chair of its leading venture capital and emerging growth company team.
L2 Counsel P.C. is an elite boutique law firm based in Silicon Valley designed to serve entrepreneurs, innovative companies, and investors with sound legal strategies and solutions.
BUCHAREST, Romania, 15-Oct-2018 — /EPR LAW NEWS/ — Digi Communications N.V. (“Digi†or the “Companyâ€) announces that on October 15, 2018 the Company submitted a current report according to the requirements of Law 24/2017 (Article 82) and FSA Regulation no. 5/2018 for September 2018 to the Romanian Stock Exchange (“BVBâ€). The Report is also available on the Company’s website.
BUCHAREST, Romania, 26-Jul-2018 — /EPR Law News/ — Digi Communications N.V. (“Digi†or the “Companyâ€) announces that on July 26, 2018 the Company submitted the Independent Limited Assurance Report on the information included in the current reports issued by the Company in accordance with requirements of Law 24/2017 (Article 82) and FSA Regulation no. 5/2018 for H1 2018to the Romanian Stock Exchange (“BVBâ€). The Report is also available on the Company’s website.
Something that a lot of investors don’t realize is that a simple internet search can save an investor or group of investors a lot of money. In many cases simply typing the name or locale into a search engine such as Google or Bing can protect a person from fraud.
Most of the scam artists that commit investment fraud have done it, over and over again. Some of them have been committing such crimes for decades, and they even have criminal records or a history of serving time in prison. Typing their name and the word fraud into a search engine can turn up interesting results. Similarly, typing the name of somebody offering an investment and the word lawsuit into a search engine also can produce very informative results. It is possible to sue con artists to get your money back. You can even sue in U.S. Courts foreign con artists who commit their crimes in other countries.
That means you can check out foreign investment opportunities with an online search. But don’t just read a single on-line posting about the fraud or lawsuit, read all the postings to obtain a full perspective of what happened so you can make a more educated decision. A person thinking of doing business in the United Arab Emirates or UAE (the Persian Gulf State where Dubai and Abu Dhabi are located) could type in the words lawsuit and UAE. This search might show you that New York attorney Howard Fenstersman has sued a group of a group of prominent businessmen in Abu Dhabi on behalf of a group of US investors who alleged that $18 million of their money had been stolen from a UAE bank.
Obviously, con artists and persons trying to drum up business would not tell you this, but an online search can. For example, shares in Medical Capital Holdings, a notorious pyramid scam based in Orange County , California , were sold by agents working for Securities America (a brokerage based in Nebraska ). Anybody who searched “Securities America†and the word “lawsuit would†have found that the brokerage is facing millions of dollars in lawsuits filed by investors who claimed they were ripped off by its brokers.
An online search can be one of the most powerful tools in stopping fraud and protecting investors. All investors should do so when considering new investments.
EPR Law News is a new blog, part of EPR Network, that is going to be focused on and will be covering the law news and stories from press releases published on EPR Network.
EPR Network (EPR stands for expresspressrelease) is one of the nation’s largest press release distribution networks on Web. The EPR’s nationwide network includes 12 State based PR sites, one major PR forum and a number of industry specific PR blogs and what started as a hobby on Internet years ago turned out to be a rapidly growing business today. EPR Network is also known as one of the most trusted (human optimized, published, edited and monitored, spam/scam/low quality PR content free) PR sites on the web with more than 10,000 company and individual press releases distributed per month. EPR Network is putting your press releases on top of all major search engines’ results and is reaching thousands of individuals, companies, PR specialists, media professionals, bloggers and journalists every day.
EPR Network has thousands of clients around the world including global 500 corporations like Hilton Hotels, Barclays Bank, AXA Insurance, Tesco UK, eBay/Skype, Emirates, just to name a few. The network’s PR web sites are currently reaching from 150,000 to sometimes 500,000 unique visitors per month while our viral reach could possibly go to as much as 1M people per month through our presence across various social media sites. EPR Network was established in 2004 and as of May 2008 it had more than 800,000 press releases (pages) published on its network.
