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SAN DIEGO, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of persons and entities that purchased or otherwise acquired Zeta Global Holdings Corp. (NYSE: ZETA) securities between February 27, 2024 and November 13, 2024. Zeta is a marketing technology company. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Zeta Global Holdings Corp. (ZETA) Failed to Disclose it was Artificially Inflating Financial Results According to the complaint, on November 13, 2024, market research group Culper Research published a report entitled "Zeta Global Holdings Corp (ZETA): Shams, Scams, and Spam.” The report alleged that the “integrity of the Company’s data collection and reported financials” is severely undermined by two factors. First, the report alleged that “Zeta has formed ‘two-way’ contracts with third party consent farms wherein the Company simultaneously acts as both a supplier and a buyer of consumer data,” allowing the Company to “flatter reported revenue growth” and indicating possible “round-tripping” of revenue. Second, the report alleged that Zeta’s collects the majority of its customer data from a network of “sham websites that hoodwink millions of consumers each month into handing their data over to Zeta under false pretenses.” For example, the report alleged the Company and its subsidiaries operate a number of fake job boards which are designed to trick individuals into submitting personal data under the pretense of job applications. The report further alleged that the Company’s “most valuable data” comes from these predatory websites, dubbed consent farms, which are “responsible for almost the entirety of the Company’s growth.” On this news, the Company’s stock price fell $10.46, or 37.07%, to close at $17.76 per share on November 13, 2024. Plaintiff alleges that during the class period, defendants failed to disclose that: (1) Zeta used two-way contracts to artificially inflate financial results; (2) Zeta engaged in round trip transactions to artificially inflate financial results; (3) Zeta utilized predatory consent farms to collect user data; and (4) that these consent farms have driven almost the entirety of Zeta’s growth. What Now : You may be eligible to participate in the class action against Zeta Global Holdings Corp. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by January 21, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP : Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Zeta Global Holdings Corp. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a9e62a12-06db-424e-a9a1-12ca4ed447d5Hampton University’s 28-point lead evaporates in season-closing loss at Albany
SNP's defence snub shame as ministers fail to attend key UK-funded national security projects for THREE YEARS Click here to visit the Scotland home page for the latest news and sport By GEORGIA EDKINS SCOTTISH POLITICAL EDITOR FOR THE MAIL ON SUNDAY Published: 18:08, 23 November 2024 | Updated: 18:08, 23 November 2024 e-mail View comments SNP Ministers have been accused of stoking constitutional division rather than prioritising national security as files show they have snubbed a number of key UK-funded defence projects. A probe shows Scottish Government Ministers have failed to meet Babcock, one of the UK’s largest engineering firms which works on the Royal Navy’s Dreadnought Class nuclear submarines and runs a Naval yard at Rosyth, Fife, for at least three years. Meanwhile, the devolved administration neglected to send a Minister to the steel-cutting ceremony for the new HMS Formidable frigate last month – despite it representing a significant milestone in the construction of the Type 31 warships, documents show. Invitations were sent to both John Swinney and Kate Forbes to celebrate the programme. However, official documents disclose there was ‘no Scottish Government representation at the event’. Deputy First Minister Kate Forbes failed to attend a steel-cutting ceremony last month Babcock chief executive David Lockwood and Minister for the Armed Forces Luke Pollard MP at the Steel Cut ceremony for the Royal Navy Type 31 frigate, HMS Formidable, in October Ministers were also absent from the steel-cutting ceremony for HMS Birmingham at BAE Systems’ Govan yard in April last year, part of the £4.2 billion Type 26 frigate programme. Former First Minister Nicola Sturgeon and then-Finance Secretary Kate Forbes were invited but declined due to ‘other commitments’. Last night Labour MP for Dunfermline and Dollar, Graeme Downie, slammed the SNP for failing to meet one of Scotland’s biggest defence employers. He said: ‘It is disgraceful the SNP have not met the largest engineering employer in Scotland. Babcock employ 2,500 people in my constituency alone and are the largest employer in the area with well-paid high-skilled jobs. ‘The SNP need to start putting Scotland’s national defence, employment and jobs ahead of constitutional division.’ Documents released under freedom of information laws – and handed to this newspaper – show that since May 2021 not a single Scottish Government Minister has met a representative of Babcock International. The company is currently part of a team of defence contractors working on the Royal Navy’s new generation of nuclear submarines. It also owns the Naval yard in Rosyth, Fife, where five additional Type 31 warships are being built. Construction work underway on the Type 31 frigates at Babcock's yard in Rosyth, Fife When the steel-cutting ceremony for HMS Formidable took place, Babcock’s chief executive officer David Lockwood said it was a ‘real demonstration of UK sovereign shipbuilding capability’. Yet FOI documents supplied to the UK Defence Journal show that First Minister Mr Swinney and Deputy First Minister Ms Forbes failed to attend. An industry insider told the trade publication: ‘It’s really disappointing not to see senior government figures at these key milestones. ‘It makes you wonder if they truly value the role this sector plays in the economy and in supporting communities.’ The Scottish Government said it ‘recognises the role of the sector in the Scottish economy and regularly engages with the industry body ADS Scotland on key areas such as skills’. SNP Kate Forbes Share or comment on this article: SNP's defence snub shame as ministers fail to attend key UK-funded national security projects for THREE YEARS e-mail Add commentNo, UnitedHealthcare didn’t post a job listing for a new CEO the day after Brian Thompson’s death
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ELKO — A long-festering "intratribal dispute" among two factions of the Te-Moak Tribe of Western Shoshone Indians of Nevada appears to finally be settled with a decision on Wednesday determining leaders at the tribal community north of downtown Elko represent the tribe and its four bands. The ruling from Bryan Newland, assistant secretary of Indian affairs with the federal Department of Interior, determined the faction at the time led by Danena Ike was the rightful leadership of the tribe. He determined elections held at the four bands — Elko, South Fork, Battle Mountain and Wells — on Oct. 12 and the election of new Chairwoman Edith Smartt on Nov. 2 were the only valid tribal elections. “The Ike Council’s October 12 and November 2, 2024, elections constituted a tribal resolution to the intratribal dispute,” he wrote in his Wednesday decision. “Therefore, all challenges ... are moot given that the tribal leadership dispute is resolved for federal purposes.” The other faction, led by Joseph Holley, no longer has standing with the federal government, according to Newland's decision. In Wednesday’s ruling, Newland concluded, “the Ike Council was the recognized government of the Tribe at the time of the competing October elections, and that the Ike Council fulfilled its constitutional duties as the interim recognized Tribal government to prepare for and conduct an election and provide a dispute resolution process for election challenges.” He also rejected competing elections by the Holley group on Oct. 8, saying he “will not consider the results of those elections to be valid.” Attempts to reach leaders of that faction, based at an office on Railroad Street in Elko, and their Las Vegas attorneys, Lawrence J. Semenza and Jarrod L. Rickard, were unsuccessful on Wednesday. “We’re not at liberty to talk about that because we’re appealing it,” according to a woman who answered the phone at the Railroad Street office. “The person in charge is not here, so it would have to be from our attorney.” She said the faction planned to appeal parts of the ruling but couldn’t comment beyond that. Edith Smartt is the chairwoman of the Te-Moak Tribe of Western Shoshone Indians of Nevada and of the tribe's South Fork Band. Smartt, the new chairwoman of the tribe, was unavailable for comment on Wednesday. An emergency meeting has been scheduled for Friday to discuss Newland's decision. But at the time of her election she said process had gone "Well, like it should have gone all along." She said at the time, referring to herself and fellow council members, "We'll just try to do the best we can. That's all we can do." Newland explained in his decision the tribe “has been embroiled in an intratribal dispute regarding the leadership of the tribal government since 2021.” There have been rulings by the Bureau of Indian Affairs regional director dating to October 2023 in favor of the Ike faction. The case simmered through other decisions from the Interior Department and Bureau of Indian Affairs in favor of the Ike group, though tribal courts appointed by the faction led by Joseph Holley ruled in his favor. Newland’s decision also determined those courts were invalid. “In addition, the [director of the Bureau of Indian Affairs] ruled that neither of the various factions’ purported tribal court judges were validly seated and declined to recognize the validity of the Tribal Court, to which the Department of the Interior had previously transferred jurisdiction from the federally-operated Court of Indian Offenses for the Western Region.” Steven McDade, the Te-Moak Tribe of Western Shoshone's election board chairman, collection board chairman and chief prosecutor, stands outside the South Fork Band's office in Lee. He's not allowed in because it is controlled by a rival leadership faction. That court and the U.S. District Court in Las Vegas had upheld the decision to recognize the Ike faction, Newland wrote. Several appeals by the Holley group, plus appeals by Danena Ike, then the leader of the Te-Moak, and Steve McDade, the tribe’s in-house chief prosecutor and election administrator, were filed over various rulings from leaders in the Bureau of Indian Affairs, prompting Newland to take over the case. Then, on Sept. 4, “Joseph Holley, the leader of the tribal government faction opposing the Ike Council, who had previously filed an appeal of the [director of the Bureau of Indian Affairs] decision with the [Interior Board of Indian Appeals] prior to [Newland’s] assumption of jurisdiction, filed suit in the United States District Court for the District of Nevada. Mr. Holley asked the court to find the decision was arbitrary and capricious under the Administrative Procedure Act; and reverse, stay, and enjoin the enforcement of the decision pending adjudication on the merits.” The federal court rejected the Holley group’s request on Oct. 7, handing a partial victory to the Ike group. Newland also determined on Wednesday: • “The [director of the Bureau of Indian Affairs] recognized the Ike Council on an interim basis as the Tribal government to conduct the 2024 Tribal election, and the Ike Council validly held a Band election on October 12, 2024, followed by a Chairperson Election on November 2, 2024, which elected Edith Smartt as Chairwoman. • “The Ike Council’s October 12 and November 2, 2024, elections constituted a tribal resolution to the intratribal dispute. Therefore, all challenges to the [director of the Bureau of Indian Affairs] decision are moot given that the tribal leadership dispute is resolved for federal purposes.” • “The [regional director] did not err in withdrawing jurisdiction from the Tribal Court and empowering the C.F.R. Court to exercise civil and criminal jurisdiction on behalf of the Tribe.” Newland wrote challenges to decision “recognizing the Ike Council on an interim basis are rendered moot.” On Wednesday, McDade, the Ike group’s chief prosecutor, said members of the Holley faction were taking records from the South Fork Band’s offices in Lee, west of Spring Creek. He said he alerted Bureau of Indian Affairs police to the incident, but officers "never showed up to address the theft of South Fork's records." This could not be independently confirmed by the Elko Daily Free Press. A call to the South Fork Band’s office did not go through. Keith Kohn is editor of the Elko Daily Free Press. Reach him at kkohn@elkodaily.com . Stay up-to-date on the latest in local and national government and political topics with our newsletter. Managing Editor {{description}} Email notifications are only sent once a day, and only if there are new matching items.
In a string of visits, dinners, calls, monetary pledges and social media overtures, big tech chiefs — including Apple's Tim Cook , OpenAI’s Sam Altman , Meta’s Mark Zuckerberg , SoftBank's Masayoshi Son and Amazon’s Jeff Bezos — have joined a parade of business and world leaders in trying to improve their standing with President-elect Donald Trump before he takes office in January. “The first term, everybody was fighting me,” Trump said in remarks at Mar-a-Lago . “In this term, everybody wants to be my friend.” Tech companies and leaders have now poured millions into his inauguration fund, a sharp increase — in most cases — from past pledges to incoming presidents. But what does the tech industry expect to gain out of their renewed relationships with Trump? During an interview Tuesday, Salesforce CEO Marc Benioff said the incoming Trump administration seems more interested in hearing about issues that are important to the industry than the Biden administration. “Put all the politics aside, everybody wants to reboot some things," said Benioff, who stressed he strives to stay nonpartisan because he also owns Time magazine. ”We are just at a very exciting moment, it’s a new chapter for America. I think we should all have our best intentions going forward. I think a lot of people realize there is a lot of incredible people like Elon Musk in the tech industry and in the business community. If you tap the power and expertise of the best in America to make the best of America, that’s a great vision." A clue to what the industry is looking for came just days before the election when Microsoft executives — who’ve largely tried to show a neutral or bipartisan stance — joined with a close Trump ally, venture capitalist Marc Andreessen, to publish a blog post outlining their approach to artificial intelligence policy. “Regulation should be implemented only if its benefits outweigh its costs,” said the document signed by Andreessen, his business partner Ben Horowitz, Microsoft CEO Satya Nadella and the company's president, Brad Smith. They also urged the government to back off on any attempt to strengthen copyright laws that would make it harder for companies to use publicly available data to train their AI systems. And they said, “the government should examine its procurement practices to enable more startups to sell technology to the government.” Trump has pledged to rescind President Joe Biden’s sweeping AI executive order, which sought to protect people’s rights and safety without stifling innovation. He hasn’t specified what he would do in its place, but his campaign said AI development should be “rooted in Free Speech and Human Flourishing.” Trump's choice to head the Interior Department, North Dakota Gov. Doug Burgum, has spoken openly about the need to boost electricity production to meet increased demand from data centers and artificial intelligence. “The AI battle affects everything from defense to healthcare to education to productivity as a country,′′ Burgum said on Nov. 15, referring to artificial intelligence. “And the AI that’s coming in the next 18 months is going to be revolutionary. So there’s just a sense of urgency and a sense of understanding in the Trump administration′′ to address it. Demand for data centers ballooned in recent years due to the rapid growth of cloud computing and AI, and local governments are competing for lucrative deals with big tech companies. But as data centers begin to consume more resources, some residents are pushing back against the world’s most powerful corporations over concerns about the economic, social and environmental health of their communities. “Maybe Big Tech should buy a copy of ‘The Art of The Deal’ to figure out how to best negotiate with this administration,” suggested Paul Swanson, an antitrust attorney for the law firm Holland & Hart. “I won’t be surprised if they find ways to reach some accommodations and we end up seeing more negotiated resolutions and consent decrees.” Although federal regulators began cracking down on Google and Facebook during Trump’s first term as president — and flourished under Biden — most experts expect his second administration to ease up on antitrust enforcement and be more receptive to business mergers. Google may benefit from Trump’s return after he made comments on the campaign trail suggesting a breakup of the company isn’t in the U.S. national interest, after a judge declared its search engine an illegal monopoly . But recent nominations put forward by his transition team have favored those who have been critical of Big Tech companies, suggesting Google won’t be entirely off the hook. Cook’s notoriously rocky relationship with the EU can be traced back to a 2016 ruling from Brussels in a tax case targeting Apple. Cook slammed the bloc’s order for Apple to pay back up to 13 billion euros ($13.7 billion) in Irish back taxes as “total political crap.” Trump, then in his first term as president, piled on, referring to the European Commissioner Margrethe Vestager, who was spearheading a campaign on special tax deals and a crackdown on Big Tech companies, as someone who “really hates the U.S.” Brussels was eventually vindicated after the bloc’s top court rejected Apple’s appeal this year, though it didn’t stop Cook from calling Trump to complain, Trump recounted in a podcast in October. Altman , Amazon and Meta all pledged to donate $1 million each to Trump’s inaugural fund. Salesforce's Benioff said Tuesday that he won't be donating money to the inauguration because of his ties to Time, which named Trump as its “Person of The Year” — a decision that landed picture of the president elect on the magazine's cover. “I think we just donated that photo,” Benioff said as he chuckled. “He can use the Time magazine cover for free.” During his first term, Trump criticized Amazon and railed against the political coverage at The Washington Post, which billionaire Bezos owns. Meanwhile, Bezos had criticized some of Trump’s past rhetoric. In 2019, Amazon also argued in a court case that Trump’s bias against the company harmed its chances of winning a $10 billion Pentagon contract. More recently, Bezos has struck a more conciliatory tone. He recently said at The New York Times’ DealBook Summit in New York that he was “optimistic” about Trump’s second term, while also endorsing president-elect’s plans to cut regulations. The donation from Meta came just weeks after Zuckerberg met with Trump privately at Mar-a-Lago. During the 2024 campaign, Zuckerberg did not endorse a candidate for president, but voiced a more positive stance toward Trump. Earlier this year, he praised Trump’s response to his first assassination attempt. Still, Trump in recent months had continued to attack Zuckerberg publicly. And Altman, who is in a legal dispute with AI rival Elon Musk, has said he is “not that worried” about the Tesla CEO’s influence in the incoming administration. Musk, an early OpenAI investor and board member, sued the company earlier this year alleging that the maker of ChatGPT betrayed its founding aims of benefiting the public good rather than pursuing profits. “We have two multi-billionaires, Musk and Vivek Ramaswamy, who are tasked with cutting what they’re saying will be multiple trillions of dollars from the federal budget, reducing the civil service, the workforce,” said Rob Lalka, a business professor at Tulane University. Musk, he said, has a level of access to the White House that very few others have had -- access that allows him to potentially influence multiple policy areas, including foreign policy, automotive and energy policy through EVs, and tech policy on artificial intelligence. “Elon Musk walked into Twitter’s headquarters with a sink and then posted, ‘let that sink in,‘” he said. “Elon Musk then posted a status update on X, a picture of himself with a sink in the Oval Office and said, 'Let that sink in.′”Bruins see improvements under new coach, tackle Canucks next
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