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Before joining TVA, Johnson was the chairman, president and CEO of Progress Energy from 2007-2012 before it merged with North Carolina rival Duke Energy Corp. Another hedge fund, BlueMountain Capital Management, announced a slate of 13 directors. Last week California Governor Gavin Newsom wrote to PG&E’s interim chief executive officer expressing concern about the company’s plans. He wrote, in a letter seen by Reuters, that he is “troubled to learn that PG&E is primed to reconstitute its board with hedge fund financiers, out-of-state executives and others with little or no experience in California and inadequate expertise in utility operations, regulation and safety.”.
BlueMountain said last week that it has already proposed a slate of nominees with relevant safety, utility and clean energy expertise, as well as significant experience in the state of California, Its slate includes hedge fund manager Jeff Ubben, who sterling silver waving american flag cufflinks is based in California, and former California Treasurer Phil Angelides, PG&E faces crushing liabilities related to deadly wildfires in 2017 and 2018 that killed dozens of people and destroyed thousands of homes, A U.S, judge on Tuesday ordered PG&E not to pay shareholders dividends and instead use the money to fund its plan for cutting down trees to reduce the risk its equipment will spark more destructive wildfires in wooded areas of California..
BOSTON (Reuters) - Members of the Sackler family behind OxyContin maker Purdue Pharma LP have asked a judge to toss a lawsuit by the Massachusetts attorney general that claims they helped fuel the U.S. opioid epidemic, arguing it contains “misleading and inflammatory allegations.”. The wealthy family in a motion on Monday argued that Massachusetts Attorney General Maura Healey’s lawsuit mischaracterized internal records to create the “false impression” they personally directed privately-held Purdue’s marketing of painkillers.
Her lawsuit, filed in June in Suffolk County Superior Court and revised earlier this year to include new allegations, was the first by a state to try to hold Sackler family members sterling silver waving american flag cufflinks personally responsible for contributing to the opioid epidemic, The case is among roughly 2,000 lawsuits filed mostly by state and local governments seeking to hold Purdue and other pharmaceutical companies responsible for the opioid crisis, Opioids were involved in a record 47,600 overdose deaths in 2017 in the United States, according to the U.S, Centers for Disease Control and Prevention..
Healey’s complaint cites records to argue that family members, including Purdue’s former President Richard Sackler, personally directed deceptive opioid marketing while making $4.2 billion from Purdue from 2008 to 2016. They did so even after Purdue and three executives in 2007 pleaded guilty to federal charges related to the misbranding of OxyContin and agreed to pay a total of $634.5 million in penalties, the lawsuit said. But in their motion, the Sacklers said nothing in the complaint supports allegations they personally took part in efforts to mislead doctors and the public about the benefits and addictive risks of opioids.
They said their role was limited to that of typical corporate board members who participated in “routine” votes to ratify the management’s staffing and budget proposals, “Not a single document shows an individual director engaging in any unlawful conduct regarding the sale of prescription opioids or ordering anyone else to do so,” the Sacklers’ lawyers wrote, Healey, in a statement, called the motion “an attempt to avoid accountability.”, At least 35 states have cases pending against Purdue, Four have also named Sackler family members as defendants, sterling silver waving american flag cufflinks including Richard Sackler, Theresa Sackler and Mortimer D.A, Sackler..
DUBAI (Reuters) - Dubai’s Emirates NBD said on Wednesday it will buy Turkey’s Denizbank from Russia’s Sberbank at a roughly 20 percent discount to a previously agreed price, after a steep fall in the Turkish lira. Under a new agreement reached with state-owned Sberbank, Dubai’s largest lender said it will buy Turkey’s fifth largest private bank for 15.48 billion lira ($2.8 billion), compared to the 14.6 billion lira announced in May. Although the deal’s lira value is higher, the dollar value when it was announced in May was put at the equivalent of $3.2 billion, about $400 million more that the new price.
The lira has tumbled over concerns about the Turkish central bank’s independence and Ankara’s worsening ties with Washington, The Denizbank deal comes against a backdrop of Turkey’s strained relations with Gulf states since Ankara stood by Qatar after the United Arab Emirates, Saudi Arabia and others accused Doha of supporting sterling silver waving american flag cufflinks terrorism, a charge it denies, The transaction will help Emirates NBD diversify its business and establish itself as a leading bank in the region, the bank’s vice chairman Hesham Abdulla al-Qassim said in May..