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TORONTO , Dec. 20, 2024 /CNW/ - TD Asset Management Inc. ("TDAM") today announced the December cash distributions for the TD Exchange-Traded Funds (each, a "TD ETF" and collectively, the "TD ETFs") listed below. Unitholders of record as of December 31, 2024 will receive a cash distribution per unit of the applicable TD ETF that will be payable on January 7, 2025 , as indicated below: Fund Name Fund Ticker Cash Distribution Per Unit TD Balanced ETF Portfolio TBAL $0.04000 TD Target 2025 Investment Grade Bond ETF TBCE $0.07300 TD Target 2026 Investment Grade Bond ETF TBCF $0.07700 TD Target 2027 Investment Grade Bond ETF TBCG $0.08300 TD Canadian Bank Dividend Index ETF TBNK $0.10000 TD Target 2025 U.S. Investment Grade Bond ETF TBUE.U $0.07500 TD Target 2026 U.S. Investment Grade Bond ETF TBUF.U $0.08500 TD Target 2027 U.S. Investment Grade Bond ETF TBUG.U $0.15423 TD Conservative ETF Portfolio TCON $0.04500 TD Select Short Term Corporate Bond Ladder ETF TCSB $0.06000 TD Cash Management ETF TCSH $0.15000 TD Canadian Aggregate Bond Index ETF TDB $0.04500 TD Active Global Enhanced Dividend ETF TGED $0.06800 TD Active Global Enhanced Dividend ETF – US$ TGED.U $0.05300 TD Active Global Income ETF TGFI $0.10000 TD Active Global Real Estate Equity ETF TGRE $0.05700 TD Growth ETF Portfolio TGRO $0.07972 TD Active Preferred Share ETF TPRF $0.06766 TD Q Canadian Dividend ETF TQCD $0.05500 TD Q Global Dividend ETF TQGD $0.05500 TD Active U.S. Enhanced Dividend ETF TUED $0.05400 TD Active U.S. Enhanced Dividend ETF – US$ TUED.U $0.04100 TD Active U.S. Enhanced Dividend CAD Hedged ETF TUEX $0.05300 TD Active U.S. High Yield Bond ETF TUHY $0.11500 TD Select U.S. Short Term Corporate Bond Ladder ETF TUSB $0.06000 TD Select U.S. Short Term Corporate Bond Ladder ETF – US$ TUSB.U $0.04500 TD Canadian Long Term Federal Bond ETF TCLB $0.88000 TD Q Canadian Low Volatility ETF TCLV $0.14500 TD Global Healthcare Leaders Index ETF – US$ TDOC.U $0.03500 TD Global Technology Leaders Index ETF TEC $0.02412 TD Global Technology Leaders Index ETF – US$ TEC.U $0.01000 TD Global Technology Innovators Index ETF TECI $0.01000 TD Global Technology Leaders CAD Hedged Index ETF TECX $0.02260 TD Active Global Equity Growth ETF TGGR $0.07221 TD International Equity CAD Hedged Index ETF THE $0.26818 TD U.S. Equity CAD Hedged Index ETF THU $0.20373 TD Q International Low Volatility ETF TILV $0.22105 TD Active Global Infrastructure Equity ETF TINF $0.15000 TD International Equity Index ETF TPE $0.15502 TD U.S. Equity Index ETF TPU $0.11418 TD U.S. Equity Index ETF – US$ TPU.U $0.08000 TD Q Global Multifactor ETF TQGM $0.10500 TD Q U.S. Small-Mid Cap-Equity ETF TQSM $0.07206 TD Canadian Equity Index ETF TTP $0.18000 TD U.S. Long Term Treasury Bond ETF TULB $1.13000 TD Q U.S. Low Volatility ETF TULV $0.08561 TD Global Carbon Credit Index ETF TCBN - For more information regarding the TD ETFs, visit TDAssetManagement.com. Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus and ETF Facts before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. The TD Canadian Bank Dividend Index ETF, TD Canadian Aggregate Bond Index ETF, TD Canadian Equity Index ETF, TD U.S. Equity Index ETF, TD U.S. Equity CAD Hedged Index ETF, TD International Equity Index ETF, TD International Equity CAD Hedged Index ETF, TD Global Healthcare Leaders Index ETF, TD Global Technology Leaders Index ETF, TD Global Technology Leaders CAD Hedged Index ETF, TD Global Technology Innovators Index ETF (the "TD ETFs") are not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index (as defined below) and/or any trade mark(s) associated with the Index or the price of the Index at any time or in any other respect. The Solactive Canadian Bank Dividend Index (CA NTR), Solactive Canadian Select Universe Bond Index, Solactive Canada Broad Market Index (CA NTR), Solactive US Large Cap CAD Index (CA NTR), Solactive US Large Cap Hedged to CAD Index (CA NTR), Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index (CA NTR), Solactive GBS Developed Markets ex North America Large & Mid Cap Hedged to CAD Index (CA NTR), Solactive Global Healthcare Leaders Index (CA NTR), Solactive Global Technology Leaders Index (CA NTR), Solactive Global Technology Leaders Hedged to CAD Index (CA NTR), Solactive Global Technology Innovators Index (CA NTR)) (each, the "Index") are calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the TD ETFs. Neither publication of the Index by Solactive AG nor the licensing of the Index or any trade mark(s) associated with the Index for the purpose of use in connection with the TD ETFs constitutes a recommendation by Solactive AG to invest capital in said TD ETFs nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in the TD ETFs. TD ETFs are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank. ®The TD logo and other TD trademarks are the property of The Toronto-Dominion Bank or its subsidiaries. About TD Asset Management Inc. TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is a North American investment management firm. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and individual investors. Additionally, TDAM manages assets on behalf of almost 2 million retail investors and offers a broadly diversified suite of investment solutions including mutual funds, professionally managed portfolios and corporate class funds. Asset management businesses at TD manage $479 billion in assets. Aggregate statistics are as of September 30, 2024 for TDAM and Epoch Investment Partners, Inc. TDAM operates in Canada and Epoch Investment Partners, Inc. operates in the United States . Both entities are affiliates and are wholly-owned subsidiaries of The Toronto-Dominion Bank. SOURCE TD Asset Management Inc. View original content: http://www.newswire.ca/en/releases/archive/December2024/20/c6700.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Research analysts at StockNews.com started coverage on shares of Liberty Broadband ( NASDAQ:LBRDK – Get Free Report ) in a report issued on Thursday. The firm set a “sell” rating on the stock. Separately, Rosenblatt Securities boosted their target price on shares of Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Get Our Latest Analysis on Liberty Broadband Liberty Broadband Price Performance Liberty Broadband ( NASDAQ:LBRDK – Get Free Report ) last posted its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The company had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period last year, the company posted $1.10 EPS. On average, sell-side analysts expect that Liberty Broadband will post 6.72 earnings per share for the current fiscal year. Insider Buying and Selling In other news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the transaction, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. This trade represents a 54.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Also, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. The trade was a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold a total of 6,673 shares of company stock worth $509,688 in the last ninety days. Company insiders own 10.80% of the company’s stock. Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently modified their holdings of the company. Groupama Asset Managment acquired a new stake in Liberty Broadband during the third quarter worth approximately $25,000. Quarry LP bought a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $28,000. GAMMA Investing LLC grew its position in shares of Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after buying an additional 283 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of Liberty Broadband by 75.8% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Liberty Broadband by 4,888.9% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock valued at $25,000 after acquiring an additional 440 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock. About Liberty Broadband ( Get Free Report ) Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Recommended Stories Receive News & Ratings for Liberty Broadband Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband and related companies with MarketBeat.com's FREE daily email newsletter .
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Michigan's defense of national title fell short, aims to cap lost season with win against Ohio StateThrivent Financial for Lutherans reduced its stake in shares of Mohawk Industries, Inc. ( NYSE:MHK – Free Report ) by 0.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,503 shares of the company’s stock after selling 88 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Mohawk Industries worth $7,793,000 as of its most recent SEC filing. Several other hedge funds have also modified their holdings of the stock. O Shaughnessy Asset Management LLC purchased a new position in Mohawk Industries during the first quarter worth approximately $1,450,000. CANADA LIFE ASSURANCE Co raised its position in shares of Mohawk Industries by 3.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 12,148 shares of the company’s stock worth $1,590,000 after buying an additional 405 shares during the period. Natixis boosted its holdings in Mohawk Industries by 61.3% in the first quarter. Natixis now owns 4,510 shares of the company’s stock valued at $590,000 after acquiring an additional 1,714 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Mohawk Industries by 2.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 73,755 shares of the company’s stock valued at $9,654,000 after acquiring an additional 2,112 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Mohawk Industries during the first quarter worth about $228,000. 78.98% of the stock is owned by institutional investors and hedge funds. Mohawk Industries Stock Up 0.9 % MHK stock opened at $138.77 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $149.80 and a 200-day simple moving average of $136.98. The company has a market capitalization of $8.76 billion, a P/E ratio of 15.72, a PEG ratio of 1.50 and a beta of 1.38. Mohawk Industries, Inc. has a twelve month low of $82.71 and a twelve month high of $164.29. Insiders Place Their Bets Wall Street Analyst Weigh In A number of analysts have recently issued reports on the company. Truist Financial decreased their target price on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a report on Monday, October 28th. Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Jefferies Financial Group lifted their target price on shares of Mohawk Industries from $150.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on Mohawk Industries from $124.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group boosted their price objective on Mohawk Industries from $141.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.08. Read Our Latest Stock Analysis on MHK Mohawk Industries Profile ( Free Report ) Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World. Featured Stories Want to see what other hedge funds are holding MHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mohawk Industries, Inc. ( NYSE:MHK – Free Report ). Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter .
The Tindallss looked overjoyed as they took to the red carpet for the annual Beauty Awards on Monday evening. Zara and Mike were captured laughing together as they appear to look more in love than ever. The couple's dazzling display shone brightly among the other celebrities who joined them at the London event. Princess Anne’s daughter wore a stunning black outfit as the pair arrived at City Central on Monday evening as she was pictured beaming with happiness alongside her husband of 13 years. The event was held within the ground of the Honourable Artillery Company where a plethora of well-known faces were seen arriving. Besides the besotted royal and her husband, a host of reality stars such as Love Islander’s Liberty Poole, Ekin-Su Cülcüloğlu and Arabella Chi were seen walking the carpet. Princess Andre, daughter of Peter Andre and Katie Price, was also spotted with her step-mum Emily MacDonagh. Zara, 43, donned a glamorous ankle-length broderie anglaise dress paired with statement earrings to match her red manicured nails, black stilettos and a silver and black clutch bag. King Charles’s niece wore her hair in a stylish up-do swept back from her glowing skin. She opted for a bold eyeliner to accentuate her features with a skin-coloured lip gloss. Meanwhile, her husband Mike, 46, sported a velvet suit jacket in a deep red shade, accompanied by a black fitted shirt and trousers with a pair of shiny brogues. However, the former rugby union player's standout accessory was his rugby ball which he took onto the red carpet, posing with it like a clutch bag. The event is hosting its 23rd awards ceremony for beauty products which are judged by a combination of expert opinion and votes from the public. The producer of RuPaul’s Drag Race, Michelle Visage, is hosting the event which recognises beauty products that 'bring something unique, groundbreaking or innovative to the market'.Arne Alexander Wilhelmsen Sells 230,000 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock
Is Enron back? If it’s a joke, some former employees aren’t laughingDearborn Ford in Kamloops celebrates 100 years in business, looks ahead to more (Think Local)
As open enrollment for Affordable Care Act plans continues through Jan. 15, you’re likely seeing fewer social media ads promising monthly cash cards worth hundreds, if not thousands, of dollars that you can use for groceries, medical bills, rent and other expenses. But don’t worry. You haven’t missed out on any windfalls. Clicking on one of those ads would not have provided you with a cash card — at least not worth hundreds or thousands. But you might have found yourself switched to a health insurance plan you did not authorize, unable to afford treatment for an unforeseen medical emergency, and owing thousands of dollars to the IRS, according to an ongoing lawsuit against companies and individuals who plaintiffs say masterminded the ads and alleged scams committed against millions of people who responded to them. The absence of those once-ubiquitous ads are likely a result of the federal government suspending access to the ACA marketplace for two companies that market health insurance out of South Florida offices, amid accusations they used “fraudulent” ads to lure customers and then switched their insurance plans and agents without their knowledge. In its suspension letter, the Centers for Medicare & Medicaid Services (CMS) cited “credible allegations of misconduct” in the agency’s decision to suspend the abilities of two companies — TrueCoverage (doing business as Inshura) and BenefitAlign — to transact information with the marketplace. CMS licenses and monitors agencies that use their own websites and information technology platforms to enroll health insurance customers in ACA plans offered in the federal marketplace. The alleged scheme affected millions of consumers, according to a lawsuit winding its way through U.S. District Court in Fort Lauderdale that seeks class-action status. An amended version of the suit, filed in August, increased the number of defendants from six to 12: — TrueCoverage LLC, an Albuquerque, New Mexico-based health insurance agency with large offices in Miami, Miramar and Deerfield Beach. TrueCoverage is a sub-tenant of the South Florida Sun Sentinel in a building leased by the newspaper in Deerfield Beach. — Enhance Health LLC, a Sunrise-based health insurance agency that the lawsuit says was founded by Matthew Herman, also named as a defendant, with a $150 million investment from hedge fund Bain Capital’s insurance division. Bain Capital Insurance Fund LP is also a defendant. — Speridian Technologies LLC, accused in the lawsuit of establishing two direct enrollment platforms that provided TrueCoverage and other agencies access to the ACA marketplace. — Benefitalign LLC, identified in the suit as one of the direct enrollment platforms created by Speridian. Like Speridian and TrueCoverage, the company is based in Albuquerque, New Mexico. — Number One Prospecting LLC, doing business as Minerva Marketing, based in Fort Lauderdale, and its founder, Brandon Bowsky, accused of developing the social media ads that drove customers — or “leads” — to the health insurance agencies. — Digital Media Solutions LLC, doing business as Protect Health, a Miami-based agency that the suit says bought Minerva’s “fraudulent” ads. In September, the company filed for Chapter 11 protection from creditors in United States Bankruptcy Court in Texas, which automatically suspended claims filed against the company. — Net Health Affiliates Inc., an Aventura-based agency the lawsuit says was associated with Enhance Health and like it, bought leads from Minerva. — Garish Panicker, identified in the lawsuit as half-owner of Speridian Global Holdings and day-to-day controller of companies under its umbrella, including TrueCoverage, Benefitalign and Speridian Technologies. — Matthew Goldfuss, accused by the suit of overseeing and directing TrueCoverage’s ACA enrollment efforts. All of the defendants have filed motions to dismiss the lawsuit. The motions deny the allegations and argue that the plaintiffs failed to properly state their claims and lack the standing to file the complaints. The Sun Sentinel sent requests for comment and lists of questions about the cases to four separate law firms representing separate groups of defendants. Three of the law firms — one representing Brandon Bowsky and Number One Prospecting LLC d/b/a Minerva Marketing, and two others representing Net Health Affiliates Inc. and Bain Capital Insurance Fund — did not respond to the requests. A representative of Enhance Health LLC and Matthew Herman, Olga M. Vieira of the Miami-based firm Quinn Emanuel Urquhart & Sullivan LLP, responded with a short message saying she was glad the newspaper knew a motion to dismiss the charges had been filed by the defendants. She also said that, “Enhance has denied all the allegations as reported previously in the media.” Catherine Riedel, a communications specialist representing TrueCoverage LLC, Benefitalign LLC, Speridian Technologies LLC, Girish Panicker and Matthew Goldfuss, issued the following statement: “TrueCoverage takes these allegations very seriously and is responding appropriately. While we cannot comment on ongoing litigation, we strongly believe that the allegations are baseless and without merit. “Compliance is our business. The TrueCoverage team records and reviews every call with a customer, including during Open Enrollment when roughly 500 agents handle nearly 30,000 calls a day. No customer is enrolled into any policy without a formal verbal consent given by the customer. If any customer calls in as a result of misleading content presented by third-party marketing vendors, agents are trained to correct such misinformation and action is taken against such third-party vendors.” Through Riedel, the defendants declined to answer follow-up questions, including whether the company remains in business, whether it continues to enroll Affordable Care Act clients, and whether it is still operating its New Mexico call center using another affiliated technology platform. The suspension notification from the Centers for Medicare and Medicaid Services letter cites several factors, including the histories of noncompliance and previous suspensions. The letter noted suspicion that TrueCoverage and Benefitalign were storing consumers’ personally identifiable information in databases located in India and possibly other overseas locations in violation of the centers’ rules. The letter also notes allegations against the companies in the pending lawsuit that “they engaged in a variety of illegal practices, including violations of the (Racketeer Influenced & Corrupt Organizations, or RICO Act), misuse of consumer (personal identifiable information) and insurance fraud.” The amended lawsuit filed in August names as plaintiffs five individuals who say their insurance plans were changed and two agencies who say they lost money when they were replaced as agents. The lawsuit accuses the defendants of 55 counts of wrongdoing, ranging from running ads offering thousands of dollars in cash that they knew would never be provided directly to consumers, switching millions of consumers into different insurance policies without their authorization, misstating their household incomes to make them eligible for $0 premium coverage, and “stealing” commissions by switching the agents listed in their accounts. TrueCoverage, Enhance Health, Protect Health, and some of their associates “engaged in hundreds of thousands of agent-of-record swaps to steal other agents’ commissions,” the suit states. “Using the Benefitalign and Inshura platforms, they created large spreadsheet lists of consumer names, dates of birth and zip codes.” They provided those spreadsheets to agents, it says, and instructed them to access platforms linked to the ACA marketplace and change the customers’ agents of record “without telling the client or providing informed consent.” “In doing so, they immediately captured the monthly commissions of agents ... who had originally worked with the consumers directly to sign them up,” the lawsuit asserts. TrueCoverage employees who complained about dealing with prospects who called looking for cash cards were routinely chided by supervisors who told them to be vague and keep making money, the suit says. When the Centers for Medicare and Medicaid Services began contacting the company in January about customer complaints, the suit says TrueCoverage enrollment supervisor Matthew Goldfuss sent an email instructing agents “do not respond.” The lawsuit states the “scheme” was made possible in 2021 when Congress passed the American Rescue Plan Act in the wake of the COVID pandemic. The act made it possible for Americans with household incomes between 100% and 150% of the federal poverty level to pay zero in premiums and it enabled those consumers to enroll in ACA plans all year round, instead of during the three-month open enrollment period from November to January. Experienced health insurance brokers recognized the opportunity presented by the changes, the lawsuit says. More than 40 million Americans live within 100% and 150% of the federal poverty level, while only 15 million had ACA insurance at the time. The defendants developed or benefited from online ads, the lawsuit says, which falsely promised “hundreds and sometimes thousands of dollars per month in cash benefits such as subsidy cards to pay for common expenses like rent, groceries, and gas.” Consumers who clicked on the ads were brought to a landing page that asked a few qualifying questions, and if their answers suggested that they might qualify for a low-cost or no-cost plan, they were provided a phone number to a health insurance agency. There was a major problem with the plan, according to the lawsuit. “Customers believe they are being routed to someone who will send them a free cash card, not enroll them in health insurance.” By law, the federal government sends subsidies for ACA plans to insurance companies, and not to individual consumers. Scripts were developed requiring agents not to mention a cash card, and if a customer mentions a cash card, “be vague” and tell the caller that only the insurance carrier can provide that information, the lawsuit alleges. In September, the defendants filed a motion to dismiss the claims. In addition to denying the charges, they argued that the class plaintiffs lacked the standing to make the accusations and failed to demonstrate that they suffered harm. The motion also argued that the lawsuit’s accusations failed to meet requirements necessary to claim civil violations of the RICO Act. Miami-based attorney Jason Kellogg, representing the plaintiffs, said he doesn’t expect a ruling on the motion to dismiss the case for several months. The complaint also lists nearly 50 companies, not named as defendants, that it says fed business to TrueCoverage and Enhance Health. Known in the industry as “downlines,” most operate in office parks throughout South Florida, the lawsuit says. The lawsuit quotes former TrueCoverage employees complaining about having to work with customers lured by false cash promises in the online ads. A former employee who worked in the company’s Deerfield Beach office was quoted in the lawsuit as saying that senior TrueCoverage and Speridian executives “knew that consumers were calling in response to the false advertisements promising cash cards and they pressured agents to use them to enroll consumers into ACA plans.” A former human resources manager for TrueCoverage said sales agents frequently complained “that they did not feel comfortable having to mislead consumers,” the lawsuit said. Over two dozen agents “came to me with these complaints and showed me the false advertisements that consumers who called in were showing them,” the lawsuit quoted the former manager as saying. For much of the time the companies operated, the ACA marketplace enabled agents to easily access customer accounts using their names and Social Security numbers, change their insurance plans and switch their agents of record without their knowledge or authorization, the lawsuit says. This resulted in customers’ original agents losing their commissions and many of the policyholders finding out they suddenly owed far more for health care services than their original plans had required, the suit states. It says that one of the co-plaintiffs’ health plans was changed at least 22 times without her consent. She first discovered that she had lost her original plan when she sought to renew a prescription for her heart condition and her doctor told her she did not have health insurance, the suit states. Another co-plaintiff’s policy was switched after her husband responded to one of the cash card advertisements, the lawsuit says. That couple’s insurance plan was switched multiple times after a TrueCoverage agent excluded the wife’s income from an application so the couple would qualify. Later, they received bills from the IRS for $4,300 to cover tax credits issued to pay for the plans. CMS barred TrueCoverage and BenefitAlign from accessing the ACA marketplace. It said it received more than 90,000 complaints about unauthorized plan switches and more than 183,500 complaints about unauthorized enrollments, but the agency did not attribute all of the complaints to activities by the two companies. In addition, CMS restricted all agents’ abilities to alter policyholders’ enrollment information, the lawsuit says. Now access is allowed only for agents that already represent policyholders or if the policyholder participates in a three-way call with an agent and a marketplace employee. Between June and October, the agency barred 850 agents and brokers from accessing the marketplace “for reasonable suspicion of fraudulent or abusive conduct related to unauthorized enrollments or unauthorized plan switches,” according to an October CMS news release . The changes resulted in a “dramatic and sustained drop” in unauthorized activity, including a nearly 70% decrease in plan changes associated with an agent or broker and a nearly 90% decrease in changes to agent or broker commission information, the release said. It added that while consumers were often unaware of such changes, the opportunity to make them provided “significant financial incentive for non-compliant agents and brokers.” But CMS’ restrictions might be having unintended consequences for law-abiding agents and brokers. A story published by Insurance News Net on Nov. 11 quoted the president of the Health Agents for America (HAFA) trade group as saying agents are being suspended by CMS after being flagged by a mysterious algorithm that no one can figure out. The story quotes HAFA president Ronnell Nolan as surmising, “maybe they wrote too many policies on the same day for people who have the same income or they’re writing too many policies on people of a certain occupation.” Nolan continued, “We have members who have thousands of ACA clients. They can’t update or renew their clients. So those consumers have lost access to their professional agent, which is simply unfair.” Ron Hurtibise covers business and consumer issues for the South Florida Sun Sentinel. He can be reached by phone at 954-356-4071, on Twitter @ronhurtibise or by email at rhurtibise@sunsentinel.com.Feds suspend ACA marketplace access to companies accused of falsely promising ‘cash cards’
TOKYO (AP) — Troops surround South Korea's parliament overnight when the president declares martial law. He accuses pro-North Korean forces of plotting to overthrow one of the world’s most vibrant democracies. Lawmakers voice outrage and vote to end the declaration, and the president lifts the decree before daybreak. President Yoon Suk Yeol spread fear and confusion through South Korea overnight by issuing his sudden edict late Tuesday, the first martial law declaration since more than four decades ago when the country was controlled by a dictatorship. The declaration, the rushed vote by lawmakers to overturn it and the president's lifting of martial law soon afterward were moments of high drama for an unpopular leader who has struggled with political deadlock in an opposition-dominated parliament and scandals involving him and his wife. While there was no direct evidence presented, Yoon raised the specter of North Korea as a destabilizing force. Yoon has long maintained that a hard line against the North is the only way to stop Pyongyang from following through on its nuclear threats against Seoul. Amid the surreal scenes of troops massing around parliament, here are some things to know as this story unfolds: Immediately after Yoon's declaration the military chief called in key commanders for talks. South Korean troops set up barricades and then made their way into parliament. The leader of the main opposition, which controls parliament, ordered lawmakers to return to the building, where they eventually voted to lift the declaration of martial law. Yoon lifted the martial law decree around 4:30 a.m. during a Cabinet meeting. Yoon's declaration had been accompanied by an accusation that the opposition was engaged in “anti-state activities plotting rebellion.” But he did not explain what that means, and provided no specific evidence. The vague statement is reminiscent of the heavy-handed tactics of the South Korean dictatorships that ended in the late 1980s. A series of strongmen repeatedly invoked North Korea when struggling to control domestic dissidents and political opponents. The opposition lambasted Yoon's move as un-democratic. Opposition leader Lee Jae-myung, who narrowly lost to Yoon in the 2022 presidential election, called Yoon’s announcement “illegal and unconstitutional.” But the sudden declaration was also opposed by the leader of Yoon's own conservative party, Han Dong-hoon, who called the decision “wrong” and vowed to “stop it with the people.” “The people will block the president’s anti-constitutional step. The military must be on the side of the public in any case. Let’s resolutely oppose it,” Kim Dong Yeon, the opposition party governor of Gyeonggi province, which surrounds Seoul, wrote on X. Average South Koreans were in shock. Social media was flooded with messages expressing surprise and worry over Yoon’s announcement. “Martial law? I thought it was deepfake content, but is it really a martial law decree?,” one X user wrote. “I first thought about a war with North Korea when he said he would impose a martial law,” another X user wrote. There were quick claims that the emergency declaration was linked to Yoon’s political struggles. His approval rating has dropped, and he has had little success in getting his policies adopted by a parliament that has been controlled by the opposition since he took over in 2022. Conservatives have said the opposition moves are political revenge for investigations into the opposition leader, who is seen as the favorite for the next presidential election in 2027. Just this month, Yoon denied wrongdoing in an influence-peddling scandal involving him and his wife. The claims have battered his approval ratings and fueled attacks by his rivals. The scandal centers on claims that Yoon and first lady Kim Keon Hee exerted inappropriate influence on the conservative ruling People Power Party to pick a certain candidate to run for a parliamentary by-election in 2022 at the request of Myung Tae-kyun, an election broker and founder of a polling agency who conducted free opinion surveys for Yoon before he became president . Yoon has said he did nothing inappropriate. South Korea became a democracy only in the late 1980s, and military intervention in civilian affairs is still a touchy subject. During the dictatorships that emerged as the country rebuilt from the destruction of the 1950-53 Korean War, leaders occasionally proclaimed martial law that allowed them to station combat soldiers, tanks and armored vehicles on streets or in public places to prevent anti-government demonstrations. Such scenes are unimaginable for many today. The dictator Park Chung-hee, who ruled South Korea for nearly 20 years before he was assassinated by his spy chief in 1979, led several thousand troops into Seoul in the early hours of May 16, 1961, in the country’s first successful coup. During his rule, he occasionally proclaimed martial law to crack down on protests and jail critics. Less than two months after Park Chung-hee’s death, Maj. Gen. Chun Doo-hwan led tanks and troops into Seoul in December 1979 in the country’s second successful coup. The next year, he orchestrated a brutal military crackdown on a pro-democracy uprising in the southern city of Gwangju, killing at least 200 people. In the summer of 1987, massive street protests forced Chun’s government to accept direct presidential elections. His army buddy Roh Tae-woo, who had joined Chun’s 1979 coup, won the election held later in 1987 thanks largely to divided votes among liberal opposition candidates. AP writers Kim Tong-hyung and Hyung-jin Kim contributed to this story.GENEVA (AP) — Netflix has secured the U.S. broadcasting rights to the Women’s World Cup in 2027 and 2031 as the streaming giant continues its push into live sports. The deal announced Friday is the most significant FIFA has signed with a streaming service for a major tournament. The value was not given, though international competitions in women’s soccer have struggled to draw high-value offers. “Bringing this iconic tournament to Netflix isn’t just about streaming matches,” its chief content officer Bela Bajaria said in a statement. “It’s also about celebrating the players, the culture and the passion driving the global rise of women’s sport.” Netflix dipped into live sports last month with more than 60 million households watching a heavily hyped boxing match between retired heavyweight legend Mike Tyson and social media personality Jake Paul. Some viewers reported streaming problems , however. Netflix also will broadcast two NFL games on Christmas Day: the Kansas City Chiefs at the Pittsburgh Steelers and Baltimore Ravens at the Houston Texans. That’s part of a three-year deal announced in May. World Cups are typically broadcast on free-to-air public networks to reach the biggest audiences, and the last women's edition in 2023 earned FIFA less than 10% of the men's 2022 World Cup. FIFA president Gianni Infantino had publicly criticized public broadcasters , especially in Europe, for undervaluing offers to broadcast the 2023 tournament that was played in Australia and New Zealand. That tournament was broadcast by Fox in the U.S. “This agreement sends a strong message about the real value of the FIFA Women’s World Cup and the global women’s game,” Infantino said. The World Cup rights mark another major step in Netflix’s push into live programming. It’s recipe that Netflix has cooked up to help sell more advertising, a top priority for the company since it introduced a low-priced version of its streaming service that includes commercials two years ago. The ad-supported version is now the fastest growing part of Netflix’s service, although most of its 283 million worldwide subscribers till pay for higher-priced options without commercial. But Netflix is still trying to sell more ads to boost its revenue, which is expected to be about $30 billion. Netflix executives have predicted it might take two or three years before its ad sales become a major part of its revenue. Netflix expects to spend about $17 billion on programming this year — a budget that the Los Gatos, California, company once funneled almost entirely into scripted TV series and movies. But Netflix is now allocating a significant chunk of that money to sports and live events, a shift that has made it a formidable competitor to traditional media bidding for the same rights. FIFA will likely use the Netflix deal to drive talks with European broadcasters that likely will be hardball negotiations. Soccer finance expert Kieran Maguire, a co-host of The Price of Football podcast, suggested the deal was “a bit of a gamble" for FIFA and “saber-rattling” by Infantino. “(Netflix) get experience of football broadcasting, FIFA can say, ‘we are now partnering with a blue chip organization, so watch out you nasty Europeans,’” Maguire, an academic at the University of Liverpool, said in a telephone interview. FIFA and Infantino also want to raise the price of broadcast deals to help fund increased prize money and close the gender pay gap on the men’s World Cup. At the men’s 2022 World Cup in Qatar, the 32 team federations shared $440 million in prize money. For the women’s 2023 tournament , FIFA had a $152 million total fund for prize money, contributions to teams’ preparation costs and payments to players’ clubs. In FIFA’s financial accounts for 2023 , the soccer body reported total broadcasting revenue of $244 million. In the year of the men’s 2022 World Cup it was almost $2.9 billion. The next Women's World Cup will be a 32-team, 64-game tournament in 2027, played in Brazil from June 24-July 25. The U.S. originally bid jointly with Mexico. The 2031 host has not been decided, though the U.S. likely will bid for a tournament which FIFA is expected to try to expand to 48 teams. That would match the size of the 104-game format of the men's World Cup that debuts in 2026 in the U.S., Canada and Mexico. Spain won the 2023 Women's World Cup after the U.S. won the two previous titles — in France in 2019 and Canada in 2015. More than 25 million viewers in the U.S. watched the 2015 World Cup final, a 5-2 win over Japan, played in Vancouver, Canada, in a time zone similarly favorable to Brazil. FIFA tried to sign Apple+ to an exclusive global deal to broadcast the inaugural 32-team Club World Cup which is being played in 11 U.S. cities next June and July. Broadcast networks showed little interest in the FIFA club event that will now be broadcast for free on streaming service DAZN, which is building closer business ties to Saudi Arabia. Ahead of the next Women's World Cup, Netflix will "produce exclusive documentary series in the lead-up to both tournaments, spotlighting the world’s top players, their journeys and the global growth of women’s football,” FIFA said. AP Technology Writer Michael Liedtke in San Francisco contributed to this report. AP soccer: https://apnews.com/hub/soccer
Lakers look to ramp up defense with return to physical playThe latest rejig in MSCI indexes has seen the turnover at HDFC Bank counter hitting a record $4.6 billion on Monday (November 25). Prior to this, such a massive turnover was recorded on August 30 of this year, which stood at $4.4 billion, according to data compiled from Bloomberg. NSE On Monday, as many as 21.4 crore shares of HDFC Bank changed hands on the NSE, taking the combined volumes on both bourses to 21.5 crore. That is about 11 times higher than the bank's three-month average volume of two crore shares. The heightened trading activity also took the bank's stock to a record high of ₹1,803.55 on the NSE. However, the shares pared some of their gains to end the day at ₹1,785.60, up 2.3% from the previous close. Also Read: What triggered a sharp surge in Zomato shares after 125% rally this year? Monday’s buying also marks the second and final tranche of HDFC Bank's inclusion in MSCI indices this year, following the first adjustment in August 2024, when the Foreign Inclusion Factor (FIF) for the stock was partially raised from 0.37 to 0.56. Analysts are of the view that the November round of rejig would attract close to $2.5 billion in inflows to India’s equity market with HDFC Bank garnering the most. According to Nuvama Institutional Equities, HDFC Bank is likely to record an inflow of $1.8 billion in the second tranche of investments. The changes to MSCI Indices also witnessed foreign portfolio investors (FPIs) turning into net buyers of Indian equities. According to provisional data on exchanges, overseas investors bought shares worth $1.2 billion on Monday, whereas domestic institutional investors net sold $822 million worth of stocks. Also Read: Analysts have started to warm up to Reliance Industries again; Check their latest targets The latest tweaks in stocks were a part of the quarterly change in MSCI Indexes (Morgan Stanley Capital International), which was announced earlier this year. Other stocks that have been included in the index are BSE, Voltas, Alkem Laboratories, Kalyan Jewellers and Oberoi Realty. While BSE recorded a turnover of ₹5820 crore on Monday, the daily turnover on the NSE for Voltas and Kalyan Jewellers stood at ₹4580 crore and ₹3717 crore, respectively. Currently, India's weightage on the MSCI Global Standard index is pegged at 19.3%, with 151 stocks, while China has a weight of 27%. Further, the latest inclusion of five stocks with zero exclusions will take the total tally to 156 stocks for India in the MSCI Standard/EM Index. Also Read: Four stocks contributing to nearly 50% of Nifty gains — Here are the top 10 contributors Additionally, there will be a net inclusion of 13 stocks in the Smallcap Index, bringing the country’s total stock count in the small-cap index to 525.
Cartier Intersects High Grade Values on Globex's Nordeau West Royalty ClaimsThe Fort Wright City Council has asked the state of Kentucky to take over the ownership and maintenance of a bridge on Dudley Road. The bridge traverses Banklick Creek and leads into an area containing Gateway Community and Technical College’s Transportation Technology Center, a pumping station for Sanitation District 1 and – in time – a new regional fire training facility. Keep up with the latest NKY news with our daily newsletter Sign up The request took the form of a city resolution that the Fort Wright City Council passed at a special meeting on Wednesday. Mayor Dave Hatter stated at the meeting the bridge had become a money suck for the city, as all of the institutions in and around the bridge are non-taxable. Originally, the bridge connected the adjoining road to the now-defunct Robke Chevrolet dealership, which had generated tax revenue for the city. Part of the resolution states the city would give the $73,500 currently held in reserve for maintaining the bridge to the state to aid in its maintenance efforts. “When that bridge was put in many, many years ago, it was basically to support Robke Chevrolet, which was a revenue-generating opportunity for the city,” Hatter said at the meeting. “Since they closed down, and now Gateway has that property, and all the adjacent properties are ultimately non-taxable entities, there’s no revenue in that. It’s basically just the cost sink for the city, and it provides absolutely zero value to any resident of the city, unless they happen to be Gateway students.” The resolution passed unanimously. Hatter stated the goal of the resolution was to include it along with statements from other government entities who support the ownership transfer in a request to the Kentucky Transportation Cabinet, arguing their case. You can read the full text of the resolution below.
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President-elect Donald Trump’s lawyers urge judge to toss his hush money conviction