Stock Markets

Columbia University cancels main commencement ceremony after protests

Published

8 months ago

May 7, 2024

By Julia Harte

NEW YORK (Reuters) – Columbia University on Monday canceled its main graduation ceremony after weeks of pro-Palestinian protests roiled the Ivy League college’s campus, but it will still hold smaller, school-based events.

“Security concerns were one of the main reasons for our decision on whether to hold a large commencement ceremony,” a university official, who declined to be identified, said. Graduation had been scheduled for May 15.

Columbia in a statement called the past few weeks “incredibly difficult for our community.”

The protests at Columbia, which drew national attention, have inspired similar demonstrations at dozens of universities around the U.S. Students have called for a ceasefire in Gaza and have demanded their schools divest from companies with ties to Israel.

On Monday, Hamas said it agreed to a ceasefire proposal with Israel in Gaza. Israel said it was a “softened” Egyptian proposal that was not acceptable to Israel.

During the seven-month-old war more than 34,600 Palestinians have been killed in Israel’s military operations in Gaza, according to health officials in the Hamas-ruled Palestinian enclave. The war began when Hamas militants attacked Israel on Oct. 7, killing about 1,200 people and abducting 252 others, of whom 133 are believed to remain in captivity in Gaza, according to Israeli tallies.

As protests gathered steam at U.S. colleges, some universities, including Columbia, called in riot police wielding batons and flash-bang grenades to disperse and arrest hundreds of protesters, citing a paramount need for campus safety. Civil rights groups have decried such tactics as unnecessarily violent infringements on free speech.

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The turmoil on campuses has prompted colleges across the United States to relocate, modify or cancel commencement ceremonies altogether.

In April, the University of Southern California also called off its main-stage ceremony, one week after canceling the valedictorian speech by a Muslim student who said she was silenced by anti-Palestinian hatred.

Columbia said on Monday it had consulted with student leaders in deciding how to handle graduation. The majority of the smaller ceremonies, which had been set to take place on its upper Manhattan campus, where most of the protests have taken place, will take place at the main athletic complex about five miles (8 km) away.

The demonstrations have emerged as a political flashpoint during a contentious U.S. election year as Democratic President Joe Biden and Republican former U.S President Donald Trump face off in a rematch for the White House.

RALLY FOR ISRAEL, JEWISH STUDENTS

Republican U.S. House of Representatives Speaker Mike Johnson — who condemned Columbia’s administrators, accusing them of being too lenient on demonstrators during a campus visit in April — blasted them again on Monday, saying the decision to cancel commencement denied thousands of graduates the recognition they deserved.

Johnson also called on the school’s board of trustees to remove university President Nemat Minouche Shafik, adding that the cancellation showed she would rather “cede control to Hamas supporters than restore order.”

A rally to support Jewish, Israeli-American and Israeli students was planned for Monday evening near Columbia’s campus by an Israel advocacy group, the Israeli-American Council, which called the campus protests “anti-Israel and antisemitic”.

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New York City police cleared a Columbia building last week that had been barricaded by pro-Palestinian protesters, arresting more than 100 people in and around the campus and dismantling an encampment.

Other U.S. universities have continued grappling this week with how to clear their campuses of protesters.

At Harvard University in Cambridge, Massachusetts, interim President Alan Garber said on Monday that protesters who continued participating in a two-week-old encampment would be referred for “involuntary leave,” meaning they may not be able to sit for exams, reside in Harvard housing or be on campus until reinstated.

“As we begin our extensive preparations for Commencement, this ongoing violation of our policies becomes more consequential,” said Garber, citing reports from some students that the camp disrupted their ability to sleep, study and move freely about the campus.

At the University of California, Los Angeles, where pro-Israeli and pro-Palestinian protesters clashed last week and where police arrested more than 200 people while clearing a pro-Palestinian encampment on Thursday, Chancellor Gene Block on Sunday announced a new Office of Campus Safety.

Stock Markets

BioAge Labs (BIOA) Azelaprag Trial Halt Raises Questions About Pre-IPO Disclosures – Hagens Berman

Published

13 hours ago

December 26, 2024

San Francisco, California–(Newsfile Corp. – December 25, 2024) – On December 9, 2024, just months after conducting an initial public offering in September 2024, BioAge Labs, Inc. (NASDAQ: BIOA) made the startling announcement that it was discontinuing a Phase 2 study for its lead product, azelaprag, intended to treat metabolic diseases such as obesity.

Hagens Berman has opened an investigation and urges investors in BioAge who purchased shares in the company’s IPO or on the open market and suffered substantial losses to submit your losses now.

Visit: www.hbsslaw.com/investor-fraud/bioa
Contact the Firm Now: BIOA@hbsslaw.com
844-916-0895

BioAge Labs, Inc. (BIOA) Investigation:

The investigation is focused on the propriety of BioAge’s disclosures about the safety data and other matters related to azelaprag, which the company said in its IPO documents has been “well-tolerated in 265 individuals across eight Phase 1 clinical trials.”

BioAge’s disclosures came into question after the market closed on December 6, 2024, when the company announced the discontinuation of the STRIDES Phase 2 clinical trial evaluating azelaprag in combination with tirzepatide for the treatment of obesity. BioAge said that liver transaminitis was observed in patients receiving azelaprag.

This news drove the price of BioAge shares down almost 80% on December 9, 2024.

“We’re focused on whether BioAge was transparent to investors about the azelaprag safety profile before the December 6 announcement,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in BioAge and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to frequently asked questions about the BioAge investigation, read more »

Whistleblowers: Persons with non-public information regarding BioAge should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email BIOA@hbsslaw.com.

# # #

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235182

Stock Markets

Celsius Holdings (CELH) Hit with Investor Class Action Amid Accusations of Oversold Inventory to Pepsi- Hagens Berman

Published

13 hours ago

December 26, 2024

CELH Investors with Losses Encouraged to Contact the Firm

San Francisco, California–(Newsfile Corp. – December 25, 2024) – Celsius Holdings (NASDAQ:), Inc. (NASDAQ: CELH) and certain of its C-Suite officers are embroiled in a securities class action lawsuit, claiming they misrepresented and concealed crucial information about the company’s financial performance, especially concerning its key customer, PepsiCo (NASDAQ:).

Hagens Berman is investigating the allegations and urges investors in Celsius who purchased shares and suffered substantial losses to submit your losses now.

Class Period: Feb. 29, 2024 – Sept. 4, 2024
Lead Plaintiff Deadline: Jan. 21, 2025
Visit: www.hbsslaw.com/investor-fraud/celh
Contact the Firm Now: CELH@hbsslaw.com
844-916-0895

Celsius Holdings, Inc. (CELH) Securities Class Action (WA:):

The lawsuit alleges that during the Class Period, Celsius failed to disclose to investors several critical points:

Oversold Inventory: Celsius significantly oversold inventory to Pepsi beyond demand, leading to a potential drastic reduction in future purchases.
Declining Sales: As Pepsi depleted its overstock, Celsius’ sales were projected to decline, impacting its financial health and outlook.
Unsustainable Sales Rates: The sales rates to Pepsi were unsustainable and created a misleading impression of the company’s performance.
Misleading Metrics: Consequently, Celsius’ business metrics and financial prospects were overstated

The situation came to light on May 28, 2024, when Celsius’ stock price plummeted nearly 13% following reports from Nielsen indicating slowed sales growth. Analysts highlighted the possibility of significantly reduced sales as Pepsi cut back its inventory.

The stock took another hit on September 4, 2024, dropping over 11% after a company presentation revealed a shortfall of $100 million to $120 million in Pepsi orders compared to the previous year. It was also disclosed that Pepsi had held several million excess cases over the last 18 months.

These revelations have led shareholder rights firm Hagens Berman to investigate the allegations.

“We’re investigating whether Celsius deliberately painted an overly optimistic picture of its relationship with Pepsi, misleading investors about the true state of its financial health and sales sustainability,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Celsius and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to frequently asked questions about the Celsius case and our investigation, read more »

Whistleblowers: Persons with non-public information regarding Celsius Holdings should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email CELH@hbsslaw.com.

# # #

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235180

Stock Markets

Suriname fugitive ex-President Desi Bouterse dead at 79

Published

13 hours ago

December 26, 2024

By Ank Kuipers

PARAMARIBO (Reuters) -Suriname’s fugitive former President Desi Bouterse has died aged 79, the country’s government said on Wednesday, almost a year after he fled authorities to avoid jail following his conviction over the murder of 15 political activists in 1982.

“The government has been informed through the family and its own investigations of the passing of Mr. D. Bouterse, ex-President of the Republic of Suriname,” Foreign Minister Albert Ramdin told Reuters.

The former leader died on Tuesday, the government said, without confirming where, or even in which country. Last week Surinamese authorities raided his home – where supporters gathered to pay their respects on Wednesday morning – but did not find him.

Surinamese President Chan Santokhi, who investigated the case as a police commissioner and later as justice minister, expressed condolences to Bouterse’s family and urged calm in a statement.

“In the spirit of the holiday season and year-end, the president calls on all to remain dignified and calm, maintain peace and order and engage in prayer in the spirit of these special days,” the statement said.

Bouterse dominated politics in the tiny South American country for decades, leading a coup in 1980 and finally leaving office in 2020.

In 2019 he and six others were convicted for their role in the 1982 murders of 15 leading government critics – including lawyers, journalists, union leaders, soldiers and university professors – for which Bouterse received a 20-year prison sentence.

Bouterse had claimed the murdered men were connected to a planned invasion of the former Dutch colony.

Following years of legal back and forth, Bouterse was ordered to report to prison in January but he did not show up on the appointed date.

Though Bouterse avoided prison by going on the run, Reed Brody, a U.S. war crimes prosecutor who monitored the case for the International Commission of Jurists, said justice had caught up with the convicted former president before he died.