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PHILADELPHIA, Nov. 23, 2024 (GLOBE NEWSWIRE) -- Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against Paragon 28, Inc. (“Paragon 28” or the “Company”) (NYSE: FNA) on behalf of purchasers of Paragon 28 securities between May 5, 2023 and September 20, 2024, inclusive (the “Class Period”) . Investors that suffered losses from PARAGON 28 (NYSE: FNA) investments can follow the link below for more information regarding the lawsuit: CLICK HERE to learn more about the lawsuit. Investors who purchased or acquired PARAGON 28 securities during the Class Period may, no later than NOVEMBER 29, 2024 , seek to be appointed as a lead plaintiff representative of the class. According to the lawsuit, Defendants misled investors throughout the Class Period as to the fact that: (i) Paragon 28’s financial statements were misstated; and (ii) Paragon 28 lacked adequate internal controls and at times understated the extent of the issues with Paragon 28’s internal controls. Investors began to learn the truth on July 30, 2024, when Paragon 28 disclosed that its “previously issued audited consolidated financial statements for the fiscal year ended December 31, 2023 . . . and the unaudited condensed consolidated financial statements contained within the Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2023, June 30, 2023, September 30, 2023, and March 31, 2024 should no longer be relied upon due to errors in such financial statements , and therefore a restatement of these prior financial statements is required.” On this news, the price of Paragon 28 shares fell 13% to close at $7.79 per share on July 31, 2024. The complaint further alleges that on August 8, 2024, Paragon 28 filed an amended Annual Report on Form 10-K/A for the year ended December 31, 2023 that included restated 2023 figures for inventories, net and cost of goods sold. On this news, the price of Paragon 28 common stock fell more than 20% to close at $6.64 per share on August 9, 2024. Finally, on September 20, 2024, Paragon disclosed that Chief Accounting Officer Erik Mickelson was abruptly leaving the Company. On this news, Paragon shares declined $0.30 per share, or 4.3%, to close at $6.57 per share on September 23, 2024. For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.net or (215) 875-3048, or CLICK HERE . A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member. Berger Montague , with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. Contacts: Andrew Abramowitz, Senior Counsel Berger Montague (215) 875-3015 aabramowitz@bm.net Peter Hamner Berger Montague PC (215) 875-3048 phamner@bm.netAs the quest for decentralised police system gathers momentum in the country, Deji Elumoye revisits a Bill for the Creation of State Police sponsored in the Eight and Ninth National Assembly by former Deputy President of the Senate, Senator Ike Ekweremadu, highlighting the major provisions, including safety valves against possible abuse The quest for state police got a boost recently when the Governor of Kaduna State, Senator Uba Sani, announced its endorsement by most of the 36 states, while the National Economic Council (NEC) is set to deliberate on the matter in January 2025. This is also coming in the face of existential threats to Nigeria by all manner of criminal gangs – terrorists, bandits, kidnappers, armed robbers, etc. It has become obvious, even the blind, that Nigeria’s current policing system will never work. Thanks also to President Bola Tinubu’s federalist dispositions. Before him, successive presidents played the ostrich mostly because they wanted to be “in total control.” Ex-president Muhammadu Buhari took the “total control syndrome” a notch higher by not only retaining the unsuitable centralised police system, but by equally appointing most of the heads of security and paramilitary agencies from a particular part of the country. The Director-General of the Depart of State Services (DSS), Lawal Duara, was Buhari’s kinsman. Even in his second tenure, only two – General Leo Irabor, who was the Chief of Defence Staff and Air Marshal Isiaka Amao, who was the Chief of the Air Staff) – out of 16 heads of security and related agencies were from the South. Interestingly, the North was the hardest hit by insecurity under Buhari’s watch. Predatory bandits made games of the people and chased them away from farming, which is the mainstay of the northern economy. In May 2019, the District Head of Duara, Alhaji Musa Umar, also said to be the father-in-law of Buhari’s Aide-de-camp (ADC), Col. Mohammed Abubakar, was abducted and held in captivity for over two months. So, obviously, something is fundamentally wrong with our security architecture. Yet, the warnings by well-meaning Nigerians, among them the former Deputy President of the Senate, Senator Ike Ekweremadu, fell on deaf ears. I had the opportunity of reading Ekweremadu’s lecture entitled “Nigerian Federalism: A Case for a Review”, being the Sixth Annual Oputa Lecture on Governance in Africa, which he delivered on April 11, 2012 at the Osgoode Hall, Law School, York University in Toronto, Ontario Canada. Here, he identified unitary policing and what he christened “feeding bottle federalism” as the greatest threats to Nigeria, which, if not addressed, would destroy the nation socially and economically. How prophetic! In that lecture, he reminded that Nigeria did not actually start off with a centralised police system, which was introduced by the General Yakubu Gowon Regime, ironically in line with General Johnson Aguyi-Ironsi’s Unitary Decree and Policy. The Native Authority Ordinance (No. 4 of 1916) vested the responsibility of the maintenance of law and order in the Native Authorities. The Protectorate Laws (Enforcement) Ordinance No. 15 of 1924 accentuated their powers. A Nigeria Police Force with national jurisdiction was only created in 1930 and coexisted with the Native Authority and the Local Administration police until the fall of the First Republic. However, Ekweremadu’s advocacy did not stop at just talking. He sponsored in the Eighth and Ninth Senate a Bill, which addresses the issues of structure, standardisation, control, armament, disciplinary action, co-existence with federal police, and importantly, the usual fear about possible abuse by state governors. In doing so, he drew inspirations from best practices across the globe, including the USA, Canada, and Brazil. The Bill proposes the establishment of the Federal Police, State Police, National Police Service Commission, National Police Council, and State Police Service Commissions. The Federal Police shall be responsible for the maintenance of public security, preservation of public order and security of persons and property throughout the federation to the extent provided for under the constitution or by an Act of the National Assembly, while the State Police, shall be organised and administered in accordance with such provisions as may be prescribed by a Law of the House of Assembly of a State subject to the framework and guidelines established by an Act of the National Assembly. Ekweremadu’s Bill proposes a Commissioner of State Police, who shall be appointed by the governor of the state on the advice of the National Police Service Commission, subject to confirmation of such appointment by the House of Assembly of the State. The Commissioner shall be in office for a period of five years only or until he/she attains a retirement age prescribed by law, whichever is earlier. So, the governor is not the sole appointer. Again, the governor may give lawful directives to the CP with respect to the maintenance and securing of public safety and public order as he may consider necessary, but the commissioner of police shall only comply to the extent that those directives or order are neither unlawful nor contrary to general policing standards or practice. If he finds them so, he may request that the matter be referred to the State Police Service Commission for review and the decision of the state Commission shall be final and shall not be inquired into by any court. The Bill equally provides enough autonomy for Commissioners of State Police. For instance, a commissioner shall only be removed by the governor upon the recommendation of the National Police Service Commission on the grounds of misconduct in the performance of his official duties; serious breach of policing standards; conviction of any offence by a court of law or tribunal (including administrative tribunals set up by the police authorities for internal disciplining of police officers); indictment by a judicial body or tribunal for corruption, fraud, embezzlement or other unacceptable conducts in office; bankruptcy; mental incapacity; and participation in political activities of any kind either within or outside the state and including sponsoring or giving aid to any political group of movement. But importantly, such removal shall be subject to approval by two-thirds majority of the State Assembly. Furthermore, an Act of the National Assembly may prescribe a periodic review of the activities of each State Police Service by the National Police Service Commission after which it may be recertified so long as its operations adhere to set standards and regulations and do not undermine national integrity, promote ethnic, tribal or sectional agenda or marginalise any segment of the society. The composition of each State Police Service Commission, as membership, is drawn from critical segments of the society, making it extremely difficult to pocket or manipulate the Commission. Chairman is to be appointed by the governor subject to the confirmation of the State House of Assembly; a representative of the Federal Government to be appointed by the National Police Service Commission, two members, who must be indigenes of the respective state and to be appointed by the National Human Rights Commission; a representative of the Public Complaints Commission; a representative of the Labour to be appointed by the Chairman of the state branch; three retired police officers from three senatorial districts to be appointed by the governor subject to confirmation of the State House of Assembly; a lawyer-representative of the Nigerian Bar Association and a representative of the Nigerian Union of Journalists to be appointed by their respective branch chairmen. The mandates of the Commission include recommending the appointment of a Commissioner of Police, Deputy Commissioner of Police and Assistant Commissioner of Police to the National Police Service Commission; appointment, disciplining and removal of members of the state police below the rank of Assistant Commissioner of Police; and other functions and powers of the commission as may be specified either in the Constitution or a Law of the House of Assembly of a State. It is noteworthy that in recommending the appointment of a Commissioner of State Police, the Commission shall propose three qualified candidates to the National Police Service Commission. The National Police Service Commission, on the other hand, shall comprise a Chairman to be appointed by the President subject to the confirmation of the Senate; two members representing the National Human Rights Commission; one representative of the Labour; six retired police officers not below the rank of Assistant Commissioner of Police representing each of the Geo-Political zones of the country to be appointed by the President subject to confirmation of the Senate; a representative of the NBA to be appointed by the NBA President; a representative of the NUJ to be appointed by the NUJ President; and the Attorney-General of each state. The National Police Service Commission shall be responsible for the appointment of persons to offices (other than office of the Inspector-General of Police) in the Federal Police; exercising disciplinary control over members of the Federal Police; recommending to the Governor of a State the appointment of the Commissioner of Police, Deputy Commissioners of Police and Assistant Commissioners of Police of the State Police based on a list submitted to it by the State Police Service Commission of the relevant state and subject to confirmation by the House of Assembly of the State; recommending to the Governor, the discipline and removal of the Commissioner of Police, Deputy Commissioners of Police and Assistant Commissioners of Police of the State Police; supervising the activities of the Federal Police and State Police to the extent provided for in this constitution or by an Act of the National Assembly; and prescribing standards for all police forces in the country in training, criminal intelligence databases, forensic laboratories and render assistance to State Police in areas as may be requested by such State Police. Ekweremadu’s Bill was shot down by parliament twice. But today, not only has the idea rebounded with buy-in by its worst critics, it remains the nation’s biggest guide to state police, resurrecting substantially in various Bills on the subject currently before the National Assembly. In a television interview a few months back, a former federal lawmaker, Senator Ita Enang, confessed, “Senator Ike Ekweremadu was very vehement that we should have state police. He sponsored a bill. I was one of those who vehemently opposed him and campaigned against it. I went out of my way to say that the way the governors exercise power over the electoral process, if you give them the control over security, they would kill everybody. But now, it is no longer the question of the governors. State police is an idea, which time has come.”
EAGAN, Minn. (AP) — The game had suddenly gone sideways for the Minnesota Vikings , their 11-point lead on the Chicago Bears having evaporated in the closing seconds. They straightened it out in overtime, no sweat, because Sam Darnold simply hasn't been fazed. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
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Jimmy Carter’s 1977-1981 presidency included successes like the Camp David peace accords, but also enough controversy for US voters to see him as weak — and send him packing after only one term. Carter’s legacy however was largely built on his post-presidency, the longest in US history. Here are a few key moments in the life of Carter, who died Sunday at the age of 100. – The Panama Canal – During his first year in office, Carter went back on a campaign promise and decided to hand back management of the Panama Canal — which had been in US military control since its construction at the start of the 20th century. “Fairness, and not force, should lie at the heart of our dealings with the nations of the world,” he said at the signing of the canal treaties with Panamanian leader Omar Torrijos on September 7, 1977. Carter was ridiculed for the move, which gave Panama control over the canal linking the Atlantic and Pacific Oceans at the end of 1999. History, however, has looked upon the deal as a deft bit of diplomacy. Giving Panama a meatier role in the canal’s management in the run-up to the transfer allowed for stability, and broke with America’s image as an overbearing imperialist power in Latin America. Reacting to Carter’s death on Sunday, President Jose Mulino said the former US leader helped Panama achieve “full sovereignty of our country.” – Morality in politics – Upon his arrival in the Oval Office, Carter looked to distance himself from the realpolitik practiced by his predecessors — a vestige of the Cold War — and placed human rights at the heart of his agenda. “Our principal goal is to help shape a world which is more responsive to the desire of people everywhere for economic well-being, social justice, political self-determination and basic human rights,” he said in a 1978 speech at the US Naval Academy. In concrete terms, Carter notably signed the International Covenant on Civil and Political Rights in 1977. It was eventually ratified by the United States in 1992 after being blocked for years by the Senate. – Camp David Accords – In September 1978, Carter invited Israeli premier Menachem Begin and Egyptian president Anwar Sadat to Camp David, the presidential retreat outside Washington. After 13 days of secret negotiations under Carter’s mediation, two accords were signed that ultimately led to a peace treaty the following year. The diplomatic triumph was cited when Carter was awarded the Nobel Peace Prize. – ‘Crisis of confidence’ – In the summer of 1979, the economy rocked by inflation and his approval rating in free fall, Carter addressed the American people in a nationwide televised speech on July 15. In that half-hour, he responded to his critics on his lack of leadership, instead laying the blame on a national “crisis of confidence.” “The erosion of our confidence in the future is threatening to destroy the social and the political fabric of America,” he said. The speech was poorly received and would come back to haunt him. Five cabinet members resigned that week. – Iran hostage crisis – The hostage crisis — more than 50 Americans were held for 444 days at the US embassy in Tehran from November 1979 to January 1981 — was the death knell for Carter’s presidency. A failed military rescue mission in April 1980 all but extinguished his chances of reelection later that year. Operation Eagle Claw was thwarted by sandstorms and mechanical problems — eventually, the mission was aborted. In the subsequent withdrawal, two American aircraft collided, killing eight servicemen. In the following days, then secretary of state Cyrus Vance resigned, and the mission’s failure symbolized Carter’s inability to resolve the crisis. The hostages were eventually freed on the same day that Republican Ronald Reagan took office, after thumping Carter at the polls in November 1980. – The Carter Center – Carter remained extremely active into his 90s despite his retirement from political life. In 1982, he founded the Carter Center, which has focused on conflict resolution, promoting democracy and human rights, and fighting disease. Carter — often viewed as America’s most successful former president — traveled extensively, supervising elections from Haiti to East Timor, and tackling thorny global problems as a mediator. – The Elders – Carter was also a member of The Elders, a group of former world leaders founded by Nelson Mandela in 2007 to promote peace and human rights. Fellow Nobel peace laureates South African Archbishop Desmond Tutu (who died in 2021), former Liberian president Ellen Sirleaf Johnson and the late UN secretary general Kofi Annan also belonged to the group. With 2,400 staff representing 100 different nationalities, AFP covers the world as a leading global news agency. AFP provides fast, comprehensive and verified coverage of the issues affecting our daily lives.
Cam Inman: Kittle’s place in 49ers lore is secure but contract issue looms
Nick Kern came off the bench for 20 points and 13 rebounds as Penn State remained unbeaten with an 85-66 thumping of Fordham in a semifinal of the Sunshine Slam on Monday in Daytona Beach, Fla. The Nittany Lions (6-0), who will play either San Francisco or Clemson for the tournament title on Tuesday, put four other players in double figures. Zach Hicks scored 16 points, while Puff Johnson added 15. Ace Baldwin and Yanic Konan Niederhauser each chipped in 12 points. Penn State sank nearly 53 percent of its field goal attempts and earned a 38-30 advantage on the boards, more than enough to offset missing 12 of its 32 foul shots. Four players reached double figures for the Rams (3-4), led by 15 points apiece from Jackie Johnson III and reserve Joshua Rivera. Romad Dean and Jahmere Tripp each added 13. Fordham was as close as 56-49 after Tripp made a layup with 14:25 left in the game. But the Nittany Lions responded with a 16-1 run, capped with a layup by Kern for a 22-point lead at the 9:33 mark, and they never looked back. The main storyline prior to tipoff was whether Penn State could continue its torrid early start that saw it come into the day leading Division I in steals and ranked second in scoring at 98.2 points per game. The Nittany Lions certainly played to their billing for most of the first half, establishing a 21-8 lead at the 10:08 mark via Hicks' three-point play. Fordham predictably struggled early with the pressure defense, committing four turnovers in the first four minutes. But the Rams got their bearings over the last 10 minutes and made some shots. They got as close as four on two occasions late in the half before Penn State pushed the lead to 42-34 at the half. The officials were busy in the half, calling 23 fouls and administering 27 free throws. --Field Level Media
Jimmy Carter mourned in Texas, remembered for ties to Houston and philanthropyMUNICH, Dec 29 (Reuters) - Siemens AG (SIEGn.DE) , opens new tab is reviewing its majority stake in medical technology subsidiary Siemens Healthineers, (SHLG.DE) , opens new tab , the German technology group's Chief Financial Officer Ralf Thomas told the Handelsblatt newspaper. The synergies with the manufacturer of MRI machines and laboratory systems are not great enough to justify a capital commitment of 45 billion euros ($46.91 billion), Thomas told Handelsblatt, referring to how much Siemens' 75% equity stake is worth. "We are evaluating the economic opportunities for Siemens AG in the healthcare sector. We will then derive from this how instrumental Healthineers is as an investment. And then we will draw a conclusion from that," he said, adding that the results will be presented at a capital markets day at the end of 2025. Siemens AG spun off the Erlangen, Germany-based subsidiary in 2018 and floated it on the stock exchange. Until now, Siemens had maintained it would keep the majority stake in Siemens Healthineers. However, Thomas recently held out the prospect of selling around 5% in the foreseeable future to finance the takeover of U.S. software company Altair (ALTR.O) , opens new tab . Thomas said he remained committed to the Mobility train division, which investors have repeatedly called to be spun off. "The business is in good hands with us. I don't see any need for us to part with it at the moment," he told Handelsblatt. ($1 = 0.9592 euros) Sign up here. Reporting by Alexander Huebner, Writing by Miranda Murray; Editing by Rod Nickel Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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