Zambeef Products Plc ( 2006 Annual Report

first_imgZambeef Products Plc ( listed on the Lusaka Securities Exchange under the Agri-industrial sector has released it’s 2006 annual report.For more information about Zambeef Products Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Zambeef Products Plc ( company page on AfricanFinancials.Document: Zambeef Products Plc (  2006 annual report.Company ProfileZambeef Products Plc, listed on the Lusaka Securities Exchange, is the largest vertically integrated food retailing brand in Zambia. The Group is principally involved in the production, processing, distribution and retailing of beef, chicken, pork, milk, dairy products, eggs, stock feed and flour. The Group also has large row cropping operations (principally maize, soya beans and wheat), with approximately 7,971 hectares of row crops under irrigation which are planted twice a year, and a further 8,623 hectares of rainfed/dryland crops available for planting each year.last_img read more

The Co-operative Bank of Kenya Limited ( HY2008 Interim Report

first_imgThe Co-operative Bank of Kenya Limited ( listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2008 interim results for the half year.For more information about The Co-operative Bank of Kenya Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the The Co-operative Bank of Kenya Limited ( company page on AfricanFinancials.Document: The Co-operative Bank of Kenya Limited (  2008 interim results for the half year.Company ProfileThe Co-Operative Bank of Kenya Limited is a financial services institution offering banking products and services for the retail banking and wholesale banking sectors in Kenya. Its full-service offering ranges from transactional banking products to access accounts, LPO financing, invoice discounting services, term loans, asset finance and letters of credit. The company also provides medical, motor, general, life, agriculture and micro-business insurance as well as treasury products, fixed income and money market products and money transfer services. The Co-Operative Bank of Kenya was founded in 1965 and its head office is in Nairobi, Kenya. The company is a subsidiary of Co-op Holdings Co-operative Society Limited. The Co-Operative Bank of Kenya Limited is listed on the Nairobi Securities Exchangelast_img read more

£10k to invest? I think these FTSE 100 stocks could make you rich

first_img Our 6 ‘Best Buys Now’ Shares Rupert Hargreaves | Sunday, 26th July, 2020 | More on: DCC SGRO See all posts by Rupert Hargreaves Image source: Getty Images. “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. £10k to invest? I think these FTSE 100 stocks could make you rich Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. If you have £10k or any other amount to invest today, buying FTSE 100 stocks could be a good option.However, picking stocks that have the potential to produce high returns over the long term is tricky.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…With that in mind, here are two companies that have a solid track record of delivering high returns for investors and may continue to do so in the years ahead. FTSE 100 stocks to buy Marketing and support service company DCC (LSE: DCC) tends to fly under the radar for most investors. The business provides the boring but essential services of distribution and marketing for industries such as petrochemicals and pharmaceuticals. These sectors are not very profitable. For the past six years, the FTSE 100 company’s operating profit margin has averaged 2.5%. However, far from being a drawback, this is actually a competitive advantage.DCC’s size means it can operate more effectively than smaller competitors at these margins. Reinvesting profits DCC also has a strong track record of reinvesting profits back into operations to reinforce its positions in existing markets or to buy smaller peers. This approach has helped the company grow earnings at an annual rate of 13% since 2015. This trend may continue going forward. The company’s competitive advantage should allow it to maintain its position in various sectors. Distribution is also defensive. There will always be a need for moving goods and services around the country.As such, investors may benefit significantly from buying this stock today. As well as the FTSE 100 company’s impressive earnings growth over the past six years, the shares also support a dividend yield of 2.1%. Segro FTSE 100 real estate investment trust (REIT) Segro (LSE: SGRO) also provides a boring but essential service. The group owns and operates ‘big box’ warehouses, which are crucial infrastructure assets for the e-commerce industry. Over the past six months, online sales in the UK have jumped by around 50%. This has left many retailers scrambling to catch up. Companies like Segro are rushing to meet demand. The FTSE 100 company recently raised £680m from shareholders to fund new developments. It was planning to raise £650m, but demand was so strong, the firm decided to increase the offering. High investor demand for the company’s shares and its exposure to big box assets has helped the stock rise about 50% from its March low, outperforming the FTSE 100. This should help support the company’s expansion plans. And as the REIT adds more property to its empire, investors should see higher total returns through dividend growth. The stock currently supports a dividend yield of 2.3%, and the distribution has increased by roughly 100% since 2014. As the business plans to increase its property footprint significantly over the next few years, the payout may only increase from current levels. Earnings growth may also translate into high capital returns. Therefore, for investors looking to get rich over the next decade, Segro maybe a good FTSE 100 stock to buy.  I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

WESH-TV Channel 2 “Chronicle: Project Comm(UNITY): Let’s Talk About It

first_imgLet’s Talk About It, with Rod Love and co-host Greg Jackson, is an edgy radio program that has a distinct “Apopka” tone.Rod LoveHosts Rod Love and Greg Jackson are well-known figures in Apopka. Love is a local businessman, was the co-chair of the Apopka Task Force against Violence, and was recently named the Orange County District 2 Commissioner. Jackson is a local attorney that ran for the Florida Legislature in 2016 for District 45, which includes a part of Apopka.The show airs on WOKB 1680AM on Mondays from 7-8 PM. You may also stream it online here.Let’s Talk About It describes itself as a show in search of results-oriented solutions. It tackles important subjects such as crime in urban communities, jobs, business growth, relationship with the police, transitioning from a mom and pop proprietorship to mom and pop incorporation and a whole lot of other action initiatives that affect the quality of life of individuals and families are the major focus. Its goal is to develop an understanding of the everyday needs and issues of people and assist in empowering them with the necessary information or motivation towards addressing such needs, all with the support of professionals or experts who will be the show’s guests.Greg Jackson  Let’s Talk About It has an interactive style of information sharing that is both entertaining and educational.  It acts as a vehicle for civic and faith-based organizations, small businesses and everyday citizens to be able to work together to foster a progressive development of communities’ interactivity with one another.To join the conversation tonight, call Let’s Talk About It at 407-894-1680. From Let’s Talk About it with Rod Love and Greg Jackson Please enter your comment! Share on Facebook Tweet on Twitter LEAVE A REPLY Cancel reply Save my name, email, and website in this browser for the next time I comment. TAGSGreg JacksonLet’s Talk About ItRod Love Previous articleWhy most of us procrastinate in filing our taxes – and why it doesn’t make any senseNext articleCommissioner Smith passionate about affordable housing and recreational facilities for children Denise Connell RELATED ARTICLESMORE FROM AUTHOR This Monday on LET’S TALK ABOUT IT with Rod Love and Greg Jackson, the “Dynamic Duo” were so impressed with WESH-TV Channel 2’s “Chronicle, Project Comm(UNITY) which highlighted through research, facts and community visuals, the plight of, AFFORDABLE HOUSING, HOMELESSNESS, CHILD & STUDENT HOMELESSNESS, CRIME, MURDER and the WORKING POOR.Rod and Greg will be joined in the studio by award-winning WESH-TV Channel 2 news Anchor Jim Payne and WESH-TV Channel 2 Weekend and Breaking news Anchor, Adrian Whitsett to talk about citizens and businesses response to the Chronicle and what’s next.  If you were impressed with WESH-2 News coverage of the Chronicle, Project Comm(UNITY), call in and let your voice be heard on-air, (407) 894-1680, let us and WESH-2 News Jim Payne and Adrian Whitsett know your thoughts.Let’s Talk Nation will also hear what “Nicole Knows”, about the origins of the Marvin C. Zanders, Humanitarian award, these and other topics are discussed by two of the most influential voices in Central Florida on the top-rated Monday Night radio talk show — LET’S TALK ABOUT IT!Join Rod Love, Greg Jackson and the entire Let’s Talk Nation on LET’S TALK ABOUT IT, every Monday from 7:00pm to 8:00pm on 1680am WOKB, online at, on Facebook @letstalknationusa or call-in to 407-894-1680. LET’S TALK ABOUT IT is the can’t miss radio show that will blow your mind!Podcasts of past shows can also be heard at 2 News- Chronicle Project Comm(UNITY)***** Please enter your name here Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Support conservation and fish with NEW Florida specialty license plate The Anatomy of Fear You have entered an incorrect email address! Please enter your email address herelast_img read more

Black & White House / AGi Architects

first_imgArchDaily Projects Black & White House / AGi Architects CopyAbout this officeAGi ArchitectsOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousingAl-YarmukKuwaitPublished on September 16, 2010Cite: “Black & White House / AGi Architects” 16 Sep 2010. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogPanels / Prefabricated AssembliesTechnowoodGRP Siding Façade SystemGlassMitrexSolar PanelsMetal PanelsAurubisCopper Alloy: Nordic BrassWoodParklex International S.L.Wood cladding – FacadeSignage / Display SystemsGoppionDisplay Case – Qd-ClassSkylightsLAMILUXGlass Skylight FE PassivhausStonesCosentinoDekton Surfaces – Cap Ferrat BuildingStonesNeolithSintered Stone – Strata Argentum – Classtone CollectionAcousticSchöckStaircase Insulation – Tronsole®CeramicsTerrealCustom Shape Terracotta CladdingSeatingInterstuhlPillows – HUBPartitionsBuzzispacePrivacy Booth – BuzziRingMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Kuwait Year:  2009 Architects: AGi Architects Area Area of this architecture project “COPY” Black & White House / AGi ArchitectsSave this projectSaveBlack & White House / AGi Architects Photographs:  Nelson GarridoText description provided by the architects. These six houses on three adjacent plots should be noticed for their bold black and white facade with far from being a decorative element reveals the very nature of this project. Not a solid block but a labyrinth of outer spaces communicated with the dark stone cladding ribbon flowing from one to the other in 3 directions and provide natural light and cross ventilation in the houses at different levels. Located on a main highway in Kuwait, the houses differentiate themselves from their surroundings by their stark façade design. With two contrasting colours, the façade is designed to define the individual houses, while achieving unity amongst all six. White stucco material is used as the base for all the houses, while dark grey bands of stone turn corners, go indoors, and climb up and down, creating flow and continuity throughout the project. Save this picture!© Nelson GarridoEach of the three adjacent plots divides to accommodate two houses: the front, facing the inner neighbourhood street and the back, facing the 5th Ring Road highway. Services shafts and exterior light wells separate the 2 houses on each plot. The front villas are introverted courtyard houses. Large windows of the main spaces overlook this courtyard that create dramatic light and shadow contrasts, while smaller strip windows face the street. Various outdoor spaces are located at different levels to provide ample light into the adjacent spaces, in addition to creating outdoor terraces and a pool area on the first floor. Use of Space The back villas overlook a garden facing the highway. Volumetric spaces and dramatic light wells drive the visitors into the main entrance of the house, and lead them onto the garden, which not only extends the space to the landscape through large windows, but also acts as a buffer between the houses and the busy road. The landscape separates the houses from each other through different levels that ultimately create privacy and independence from each other. Natural light and ventilation are an important aspect of the design. Each house has a certain level of complexity in terms of spatial organization and relationship between indoor and outdoor. With every visit to the houses, one discovers new spatial and visual experiences. Save this picture!© Nelson GarridoDifferent levels and careful program layout were studied to achieve maximum privacy from each other. Sustainability, Innovation and Security The front villas are introverted courtyard houses. Large windows of the main spaces overlook the courtyards allowing natural ventilation from a shaded outdoor space with private pool, while smaller strip windows face the street exposed to the sun. Save this picture!© Nelson GarridoNarrow courtyards, soil-greenery on different levels, and pools are the keys for an environmental friendly approach on this project. These issues, ensure thermal collecting differences between spaces, and give a non monolithic response to sun exposure, humidity and ventilation.Project gallerySee allShow lessToyo Ito named 2010 Praemium Imperiale LaureateArticles48 Hours CompetitionArticles Share Save this picture!© Nelson Garrido+ 16 Share Area:  3415 m² Year Completion year of this architecture project Photographs “COPY” CopyHouses•Al-Yarmuk, Kuwait Houses ShareFacebookTwitterPinterestWhatsappMailOr Clipboard ShareFacebookTwitterPinterestWhatsappMailOr Clipboardlast_img read more

Charities urged to transfer valuable data from ageing Windows Server 2003

first_img Charity sector software specialists Advanced NFP is encouraging not-for-profit organisations to migrate from Windows Server 2003 to an alternative platform to protect the security of their donor, volunteer and membership data.Windows Server 2003 is approaching the end of its effective life: Microsoft will officially withdraw support for the server operating system next month.The company warned that organisations that continue to use unsupported hardware and software supported on such platforms could be susceptible to online attacks that might compromise personal information on supporters, members and their giving or volunteering histories.Simon Fowler, Managing Director, Advanced NFP, explained why the company had issued the warning to charities. He said:“Windows Server 2003 is still widely used by fundraising and membership organisations and many have yet to formulate alternative migration plans. Failure to upgrade to a modern server infrastructure could place confidential data at greater risk from hackers and malware attacks, potentially with major implications.”Any unpatched weakness on the server could impact applications such as fundraising and membership management, customer relationship management (CRM) systems, and back office applications such as financial management, HR and payroll, and email services. Advertisement 14 July 2015The key date is 14 July 2015. From then on Microsoft will no longer be issuing security patches or updates for Windows Server 2003.Fowler advises:“Now is a good opportunity to evaluate existing IT platforms and take advantage of cost savings through better value support options. Upgrading your infrastructure, taking advantage of virtualisation technology or even migrating solutions to the cloud, can all offer flexible and scalable ways to improve operational efficiencies and reduce data security risks to ensure business continuity”.  66 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 5 June 2015 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Tagged with: Management Technology Charities urged to transfer valuable data from ageing Windows Server 2003 About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving.last_img read more

Government opens consultation into Gift Aid Small Donations Scheme

first_img Melanie May | 25 April 2016 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2 “We welcome the proposals in this consultation on GASDS reform, which take forward a number of the key recommendations in CTG’s response to the Call for Evidence, including: a partial relaxation of the Gift Aid history requirement; clarification of the community buildings rules; and steps to future-proof the Scheme to accommodate new types of small donations.“While the Scheme provides very useful relief – particularly for smaller charities – positive changes are required to improve uptake, which is still too low, and improve accessibility. We will continue to work with officials to improve guidance and ensure that there is less complexity for charities in the administration of the Scheme.”The consultation document can read in full here: should be sent by 1 July to [email protected] or by post to: GASDS Consultation, Room G/45, 100 Parliament Street, London, SW1A 2BQ. Tagged with: Gift Aid Small Donations Scheme HMRC  263 total views,  1 views today  264 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2 Government opens consultation into Gift Aid Small Donations Scheme HMRC has published its formal consultation on the Gift Aid Small Donations Scheme, with a deadline for responses of 1st July.At Budget 2015, the Government announced an increase in the annual donations limit on which a charity can claim – from £5,000 to £8,000 from April 2016, and then brought forward a planned review into the scheme with a call for evidence launched last December.It has now examined the responses and published its proposals. The key ones are as follows:A proposal to relax the Gift Aid history requirement so a charity would only need one year of successful Gift Aid claims (including in the previous tax year)A willingness to explore extension of GASDS to contactless payments (but not cheque/direct debit etc)Proposal to amend the community buildings rules to allow charities or a ‘group’ of charities to claim either under the main GASDS allowance or under the community buildings allowance, but not both. Charities receiving donations in multiple community buildings could make multiple claims under community buildings rules but not in addition to the main allowanceConsideration of a relaxation in the definition of a community building to allow collections received outside of the building (in the community) to be includedThe Government is not minded to relax the 10 person element in the community buildings rules, because of concerns about fraudThe £8,000 cap seems likely to remain for the time being and eligible donations will continue to be capped at £20Statistics that show that GASDS take-up has mainly related to Community Buildings so far (reflecting the high usage by churches) and that £23,475,000 was paid out in the tax year 2013-14.The Government is inviting responses on a number of consultation questions:Consultation questionsWhat would the impact on your charity be of the removal of the current legislative requirement that a charity must have been registered for at least two tax years (the two-year rule) before it can access GASDS? Would this change represent a meaningful simplification of the scheme?What would the impact on charities be if the requirement that a charity must have made a successful Gift Aid claim in at least two out of the previous four tax years (the two-in-four rule) was changed to a requirement that a charity must have made a successful Gift Aid claim in the previous tax year only?Does your charity currently collect donations using contactless payment technology, or are you currently considering doing so in future?Would the expansion of GASDS to include donations received via contactless credit and debit cards present any challenges to charities, particularly in terms of record keeping or other administrative requirements?Would the Government’s proposal to allow charities to claim either under the main GASDS allowance or under the community buildings allowance, but not both, present any specific equality issues or generate any obviously unfair outcomes?What impact would this proposal have on your charity?Would relaxing the community buildings rules to allow donations to be received outside of the building itself allow more charities to claim under GASDS?What reasonable requirements could be included to ensure that the relaxed community buildings rules still only benefit donations received in a specific local community?Are there any other reforms that you would like the Government to consider?The Charity Tax Group has welcomed the proposals. CTG chairman, John Hemming, said: Advertisement About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via read more

Judge Tosses Non-Profit’s Lawsuit Against DOJ Over JPMorgan Chase Settlement

first_imgHome / Daily Dose / Judge Tosses Non-Profit’s Lawsuit Against DOJ Over JPMorgan Chase Settlement The Week Ahead: Nearing the Forbearance Exit 2 days ago A federal judge dismissed a lawsuit filed by a non-profit organization against the U.S. Department of Justice over a $13 billion settlement reached between JPMorgan Chase and the DOJ, according to media reports.Better Markets, a non-profit Wall Street reforms advocate based in Washington, D.C., filed a suit against the DOJ in February 2014 alleging that the settlement Chase agreed to with the DOJ in November 2013 to settle claims that Chase sold toxic mortgage-backed securities in the run-up to the financial crisis, was “unlawful” and that the settlement had granted the megabank civil immunity without sufficient judicial review.The DOJ filed a motion to have the lawsuit dismissed in May 2014, and Judge Beryl A. Howell of the U.S. District Court for the District of Columbia accepted the motion earlier this week, claiming the plaintiff did not have sufficient grounds to sue the Justice Department.Representatives from Chase did not immediately respond to a request for comment.Better Markets President and CEO Dennis Kelleher issued a statement expressing his disappointment at the judge’s ruling to dismiss the lawsuit. In the suit, the organization was reportedly seeking to have a judge review the settlement before it was enforced.”The court never considered or ruled on the merits of our lawsuit that DOJ did not have the unilateral authority to settle years of JP Morgan Chase’s egregious illegal conduct without independent judicial review,” Kelleher said. “The decision sadly stands for the proposition that there are no checks and balances when it comes to Executive Branch action to settle any case on any terms without any meaningful transparency, public accountability or oversight by anyone.”This procedural ruling makes clear that the lawsuit is not deficient, the law is: no one has standing to challenge DOJ’s actions even when senior political appointees secretly negotiate legal immunity in exchange for a $13 billion payment from the country’s largest, most politically connected too-big-to-fail Wall Street bank for inflating the subprime housing bubble, which lead to the worst financial crash since 1929. Such backroom deals should not be allowed in a democracy worthy of its name. We will be carefully evaluating the court’s opinion before determining our next steps.”The Justice Department issued a statement saying that it was “serious about examining the root causes of the financial crisis, and holding the appropriate people and companies accountable.”The $13 billion settlement between Chase and the DOJ was a record amount between the government and one company until nine months later, when Bank of America settled with the DOJ for $16.65 billion in August 2014 over similar MBS issues. Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. March 20, 2015 844 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Department of Justice JPMorgan Chase Lawsuits Mortgage-Backed Securities Settlements 2015-03-20 Brian Honea The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Tagged with: Department of Justice JPMorgan Chase Lawsuits Mortgage-Backed Securities Settlements Servicers Navigate the Post-Pandemic World 2 days ago Previous: Lawmaker Calls for Further Examination of Servicers in 2013 Foreclosure Settlement Next: CoreLogic Launches Expanded Property Risk Assessment Platform  Print This Post Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Judge Tosses Non-Profit’s Lawsuit Against DOJ Over JPMorgan Chase Settlement Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

Wells Fargo and Others Settle 9 Year Suit

first_imgHome / Daily Dose / Wells Fargo and Others Settle 9 Year Suit Unionized workers and other individual and institutional investors a $165 million all-cash settlement on Wednesday in connection with losses from securities issued by, NovaStar Mortgage Inc, The Royal Bank of Scotland (RBS), Wells Fargo, and Deutsche Bank. This settlement will end the nine-year class action lawsuit if approved by the U.S. District Court.The class action lawsuit settled on Wednesday charged NovaStar, RBS, Wells Fargo, and Deutsche Bank with misleading investors into believing the securities they bought were safer than they proved to be. In the years leading up to the financial crisis, NovaStar had specialized in authorizing risky mortgage loans that banks underwrote and packaged into mortgage-backed securities. The suit argues that the company hid how it systematically disregarded its own underwriting guidelines to increase the number of mortgages it could originate and incentivized its employees to make noncompliant loans to extremely risky borrowers.Lead plaintiff The New Jersey Carpenters Health Fund, as well as class representative Iowa Public Employees’ Retirement System, were among the many worker pension funds that bought mortgage-backed securities from NovaStar in 2006. The funds took a painful hit when these securities downgraded to junk bond status.“After years of hard-fought litigation – which included a dismissal, an appeal, and even the bankruptcy of some of the defendants – thousands of workers will finally get some financial relief,” said Steven J. Toll, Managing Partner at Cohen Milstein Sellers & Toll, which represented the plaintiffs in this class action. “We will continue to seek justice for those who suffered because of irresponsible lending and investments that burst the housing bubble and crashed our economy.”“This has been a long, complex process, and our clients and the attorneys on the case have overcome significant obstacles in reaching this settlement,” said the plaintiffs’ lead attorney, Joel P. Laitman of Cohen Milstein Sellers & Toll. “This settlement will give closure and monetary relief to investors who suffered losses in connection with these NovaStar MBS. Wells Fargo and Others Settle 9 Year Suit The Best Markets For Residential Property Investors 2 days ago March 15, 2017 1,301 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Tagged with: Settlement Wells Fargo Previous: CFPB Orders Penalty Against Nationstar Next: Trump Names New Finance Officials Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Staff Writer Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Settlement Wells Fargo 2017-03-15 Staff Writer Demand Propels Home Prices Upward 2 days ago  Print This Post Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

Centre, State May Consider Imposing Lockdown To Curb COVID Virus In The Interest Of Public Welfare: Supreme Court

first_imgTop StoriesCentre, State May Consider Imposing Lockdown To Curb COVID Virus In The Interest Of Public Welfare: Supreme Court Radhika Roy2 May 2021 10:54 AMShare This – x”Centre and State may consider imposing a lockdown to curb the virus in the second wave in the interest of public welfare”, said the Supreme Court in its order in the suo moto case In Re Distribution of Essential Services and Supplies During Pandemic.

A Bench comprising of Justices DY Chandrachud, L. Nageswara Rao and S. Ravindra Bhat, taking into account the continuing surge of infections in the second wave of the pandemic, directed the Central and State Governments to put on the record the efforts taken to curb the spread of virus and the measures that they are planning to take in the future.

In the Order reserved on 30th April, the Court further stated that it would “seriously urge the Central and State Governments to consider imposing a ban on mass gatherings and superspreader events”.

They also suggested to the Centre and State to consider imposing a lockdown to curb the virus in the second wave in the interest of public welfare.

”Having said that, we are cognizant of the socio-economic impact of a lockdown, specifically on the marginalized communities. Thus, in case the measure of a lockdown is imposed, arrangements must be made beforehand to cater to the needs of these communities”, notes the Order. Supreme Court in it’s Order issued the following other directions;(i) The UOI shall ensure, in terms of the assurance of the Solicitor General, that the deficit in the supply of oxygen to the GNCTD is rectified within 2 days from the date of the hearing, that is, on or before the midnight of 3 May 2021; (ii) The Central Government shall, in collaboration with the States, prepare a buffer stock of oxygen for emergency purposes and decentralize the location of the emergency stocks. The emergency stocks shall be created within the next four days and is to be replenished on a day to day basis, in addition to the existing allocation of oxygen supply to the States; (iii) The Central Government and State Governments shall notify all Chief Secretaries/Directors General of Police/Commissioners of Police that any clampdown on information on social media or harassment caused to individuals seeking/delivering help on any platform will attract a coercive exercise of jurisdiction by this Court. The Registrar (Judicial) is also directed to place a copy of this order before all District Magistrates in the country; (iv) The Central Government shall, within two weeks, formulate a national policy on admissions to hospitals which shall be followed by all State Governments. Till the formulation of such a policy by the Central Government, no patient shall be denied hospitalization or essential drugs in any State/UT for lack of local residential proof of that State/UT or even in the absence of identity proof; (v) The Central Government shall revisit its initiatives and protocols, including on the availability of oxygen, availability and pricing of vaccines, availabilityof essential drugs at affordable prices and respond on all the other issues highlighted in this order before the next date of the hearing, that is, 10 May 2021. Copies of all affidavits to be served upon the Amici in advanceThe matter will be next considered on May 10.Case DetailsTitle : In Re Distribution of Essential Supplies and Services During Pandemic, Suo Moto Writ Petition(Civil) No. 3/2021Coram : Justices DY Chandrachud, L Nageswara Rao and S Ravindra BhatCitation : LL 2021 SC 236Click here to read/download the order Tags#Supreme Court #COVID #Suo Motu #Lockdown #Super spreader Next Storylast_img read more