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UpdatedMon, Mar 8, 2021 at 12:53 am CT
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Kathleen Kate McDermott is running for trustee on the Oak Lawn Public Library Board. (Courtesy of Kate McDermott)
OAK LAWN, IL Kate McDermott is running for Oak Lawn library trustee in the upcoming April 6 consolidated election. McDermott, 40, is a long-time Oak Lawn resident, attending Dist. 123 schools and is a graduate of Oak Lawn Community High School. She is a developmental therapist. Seven candidates, including two incumbents, are vying for two seats on the library board. Library trustees serve six-year terms. The top two vote getters will win the election. Early voting starts March 22.
Name: Kathleen Kate McDermott
Litigation Release No. 24987 / December 16, 2020
Securities and Exchange Commission v. Luckin Coffee Inc., No. 1:20-cv-10631 (S.D.N.Y. filed Dec. 16, 2020)
The Securities and Exchange Commission today charged China-based company Luckin Coffee Inc. with defrauding investors by materially misstating the company s revenue, expenses, and net operating loss in an effort to falsely appear to achieve rapid growth and increased profitability and to meet the company s earnings estimates. Luckin, whose American Depositary Shares traded on the NASDAQ until July 13, 2020, has agreed to pay a $180 million penalty to resolve the charges.
The SEC s complaint alleges that, from at least April 2019 through January 2020, Luckin intentionally fabricated more than $300 million in retail sales by using related parties to create false sales transactions through three separate purchasing schemes. According to the complaint, certain Luckin employees attempted to conceal the fraud by inflating the compa