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Prom modification, calendar, tech purchases approved by school board

Prom modification, calendar, tech purchases approved by school board
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February 2021: Supreme Court Considers Expansion of Defendants Ability to Challenge Class Certification in Securities Class Actions | Quinn Emanuel Urquhart & Sullivan, LLP

To embed, copy and paste the code into your website or blog: On December 11, 2020, the Supreme Court granted the petition of Goldman Sachs Group, Inc. (“Goldman”) for certiorari in Arkansas Teacher Retirement System v. Goldman Sachs Group, Inc., 955 F.3d 254 (2d Cir. 2020), a securities class action asserting that Goldman made certain misstatements in violation of Section 10(b) of the 1934 Securities Exchange Act and Rule 10b-5(b), which caused the value of Goldman’s publicly-traded shares to decline.  The Supreme Court will consider two important issues:  First, whether a court may consider the nature of the alleged misstatements themselves in determining whether, at the class certification stage, a defendant has rebutted the presumption of classwide reliance; and

I Squared s $12bn fundraise for global infra fund to close in Q2 | News

By Jon Peterson2021-02-11T10:55:00+00:00 I Squared Capital’s $12bn fundraise for its third global infrastructure fund is expected to close next quarter, according to an investor. The Arkansas Teacher Retirement System said in a meeting document that it has approved a $50m commitment to ISQ Global Infrastructure Fund III, a fund planning to have a final close in the second quarter of this year. The predecessor fund raised $7bn in September 2018. The fund’s manager I Squared Capital is expected to be making a co-investment of not less than 2% of the total commitments. The fund will target gross internal rate of returns of 15% to 20% and it will seek to generate an annual cash yield of 6% by the end of the fund’s commitment period.

Class Action Litigation Winter 2020/2021

Tuesday, February 9, 2021 Highlights from this issue include: Supreme Court grants cert in securities class action to address whether the  Basic presumption of class-wide reliance can be rebutted based on the generic nature of the alleged representation and that the statement had no price impact. Massachusetts appellate court emphasizes that evidence is required to support class certification, even under state law. District court in the Second Circuit holds that  Daubert analysis must be conducted at the class certification stage. Third Circuit holds that the failure to register tires under federal law is not enough to confer standing. Seventh Circuit holds that violations of the data retention and destruction requirements of the Biometric Information Privacy Act are sufficient for standing.

Arkansas Teachers assigns $80 million to private equity

Arkansas Teachers assigns $80 million to private equity Pension fund also tops up 2 previous commitments Print Arkansas Teacher Retirement System, Little Rock, agreed to commit $80 million to two private equity funds and to make two follow-on commitments totaling $60 million, confirmed Rod Graves, deputy director of the $19.5 billion pension fund, in an email. At its Feb. 1 meeting, the board voted to commit up to $50 million to ISQ Global Infrastructure Fund III, managed by I Squared Capital; and $30 million to Greenbriar Equity Fund V, a buyout fund managed by Greenbriar Equity Group. The board also agreed to make follow-on commitments of $30 million apiece to two funds of funds managed by Franklin Park: Franklin Park Corporate Finance Access Fund, and Franklin Park International Fund X (formerly Franklin Park International Fund 2019).

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