Daily Archives: March 17, 2017
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SHENZHEN ประเทศจีน, March 17, 2017 (GLOBE NEWSWIRE) — Makeblock Co., Ltd ซึ่งเป็นบริษัท startup ด้านการศึกษาและหุ่นยนต์ STEM ประกาศในวันนี้ว่าได้ปิ
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Amended Summary Notice of Proposed Settlement of The Altair Nanotechnologies, Inc. Shareholder Derivative Litigation
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
|In re Altair Nanotechnologies Shareholder
|CASE NO.: 14-CV-09418-TPG-HBP|
RENO, Nev., March 17, 2017 (GLOBE NEWSWIRE) — PLEASE BE ADVISED that Plaintiffs and the Settling Defendants have reached a settlement (the “Settlement”) to resolve the issues raised in the above-captioned consolidated derivative action (“Action”) (capitalized terms are defined in the Stipulation of Settlement dated July 22, 2016, and Amendment No. 1 to the Stipulation, dated January 18, 2017 (collectively, the “Settlement Stipulation”)).
PLEASE BE FURTHER ADVISED that pursuant to an Order of the United States District Court for the Southern District of New York (the “Court”), a hearing (the “Settlement Hearing”) will be held before the Honorable Thomas P. Griesa in the United States District Court for the Southern District of New York, 500 Pearl Street, Courtroom 26B, New York, New York 10007, at 2:00 p.m. on August 10, 2017, to determine whether (i) the proposed settlement should be approved by the Court as fair, reasonable, adequate, and in the best interests of Altair Nanotechnologies, Inc. (“Altair” or the “Company”) and Altair shareholders; (ii) the Action should be dismissed with prejudice and all Released Claims against the Released Persons should be released and extinguished; (iii) the Court should award attorneys’ fees and expenses to Plaintiffs’ Counsel and incentive awards to Plaintiffs; and (iv) to consider such other matters as may properly come before the Court. The Settlement Hearing may be continued by the Court at the Settlement Hearing, or at any adjourned session thereof without further notice. The Action and Settlement address claims alleging that certain current and former directors and officers of Altair breached their fiduciary duties by failing to implement and/or maintain adequate internal controls over the Company’s operations and disclosures, by making or approving false statements to the Company’s shareholders, by grossly mismanaging the Company, and by wasting Altair’s assets by causing the Company to incur significant potential liability for legal costs, penalties, fines and/or legal fees in connection with the defense of the Individual Defendants’ unlawful course of conduct. The Action further alleges that certain Defendants were unjustly enriched at the Company’s expense. The Settling Defendants deny and continue to deny all allegations of wrongdoing and deny that Defendants have any liability on the claims asserted in the Action.
As part of the Settlement, Altair has agreed to adopt and/or maintain certain corporate governance reforms as set forth in the Settlement Stipulation. The terms and conditions of the proposed Settlement are set forth in the Settlement Stipulation and Addendum thereto. The Settlement Stipulation and amended Exhibits thereto have been filed with the Court.
Plaintiffs’ Counsel will request Court approval of the agreed upon attorneys’ fees and expenses in an amount not to exceed $150,000, which shall include all attorneys’ fees and costs that may be due any counsel (or anyone else) who has asserted, or participated in the assertion of, derivative claims on behalf of Altair in any court. Any award of fees and expenses will be paid by the Company (or its insurer on its behalf). To date, Plaintiffs’ Counsel have neither received any payment for their services in conducting the Action, nor have counsel been reimbursed for their out-of-pocket expenses incurred. Plaintiffs will also seek Court approval of an incentive payment of up to $1,500 each for their participation and efforts in the Action. This Incentive Amount shall be paid from the attorneys’ fees and expenses awarded by the Court. If the Settlement is approved, the Action will be dismissed with prejudice and the Defendants will be released by Plaintiffs, Altair, and its shareholders from all claims that were or could have been alleged in the Action.
If you are a current Altair Shareholder, you may have certain rights in connection with the proposed settlement. The full and complete Notice along with the Settlement Stipulation have been made accessible on Altair’s corporate website: http://www.altairnano.com/
PLEASE DO NOT TELEPHONE THE COURT OR ALTAIR REGARDING THIS NOTICE.
Contact: Karen Werner, [email protected]
BANGKOK � Australian scientists, working with counterparts in Myanmar, are hoping to reduce Myanmar's high death toll from snake bites in rural communities, especially among vulnerable populations facing inadequate emergency care.
The official toll from snake bites in Myanmar is 600 deaths a year out of some 13,000 cases among a rural population dependent on rice harvesting for a living. But rice paddy fields and rice stacks lure rats and mice, and in turn draw snakes, the most venomous being the Russell's vipers and cobras.
But the hopes for survival are often challenged by long distances from emergency care, with poor roads and infrastructure between snake bite victims and life-saving medical treatment.
Chen Au Peh, a renal specialist at the Royal Adelaide Hospital in South Australia, said speedy access to emergency medical treatment is crucial.
So all these factors accumulate to a long delay between bite and administration of an anti-venom. So to help them, we have to help them produce more anti-venom, to get the anti-venom to where it's required to help them keep the anti-venom in the refrigerator and to help the health professionals, Peh said.
Lifestock also affected
The project has also involved ensuring higher survival rates of horses used in the production of the anti-venom after being injected with snake venom. High mortality rates were evident among the horses due to anemia, nutritional problems and veterinary practices. Changes in practice included learning the skills developed by Myanmar horse handlers.
In the last 10 months the average horse mortality is something like six or seven per month � compared to 50 per month � and this is very good news not only for horses but for human patients who may need the anti-venom. The more horses that survive the month, the more vials of anti-venom you can produce, Peh said.
As a result, production of anti-venom has risen sharply to 100,000 vials from 60,000 vials.
The team's work, part of a $1.77 million effort begun in 2014 with support from the Australian Department of Foreign Affairs and Trade (DFAT) and working with Myanmar's Ministries of Industry and Health, is focused on the northern city of Mandalay, a region that faces an estimated 700 to 800 snake bite victims each year.
The Australian team, which includes Afzal Mahmood, a senior lecturer in public health at the University of Adelaide and Julian White, a world renowned toxicologist from the Women's and Children's Hospital in Adelaide, is working with specialists in Myanmar and local partners on guidelines, protocols and standard operating procedures for the health sector.
Real numbers higher
Mahmood said a recent survey indicated the rate of snake bites was considerably higher than official figures.
It is not a new phenomenon, it happens because many people do not reach the health system where recording takes place. Some people get treated by the traditional healers; some may die without actually reaching the health system and some may suffer and get healed, Mahmood told VOA.
But he said the program has succeeded in boosting the skills among the local medical and non-medical community.
We have produced revised guidelines for the doctors [and] some diagnostic tests, and the training of some 200 health care providers, he said.
The work has reached about 150 villages with local community meetings targeting around 7,000 people to promote awareness of snake bite treatments.
The goal, the scientists said, is to shorten the time to treatment by providing solar powered refrigerators near to local communities with supplies of anti-venom.
Mahmood says the challenges go beyond the initial treatment.
Psychological issues post-bite [affect] not only the person but the family themselves suffer. It's a very life-changing experience, he said.
Victims of snake bites are among Myanmar's poorest. They often face long periods of hospitalization, leaving families facing high medical bills, often equivalent to several months of real earnings as they struggle to meet hospital and transport expenses, even those receiving subsidies.
To ensure the project is sustainable, its goal is to provide a model that can be applied elsewhere in Myanmar.
Source: Voice of America
UNITED NATIONS � China, backed by Russia, blocked a short U.N. Security Council statement on Myanmar on Friday, diplomats said, after the 15-member body met to discuss the situation in Rakhine state, where the country's military is conducting a security operation.
The U.N. human rights office last month accused the military of mass killings and rapes of Rohingya Muslims and burning their villages since October in a campaign that "very likely" amounts to crimes against humanity and possibly ethnic cleansing.
U.N. political affairs chief Jeffrey Feltman briefed the council behind closed doors. Britain requested the meeting.
"We did put forward ... some proposed press elements but there was not consensus in the room," British U.N. Ambassador Matthew Rycroft, president of the council for March, told reporters after the briefing.
Such statements have to be agreed upon by consensus. Diplomats said Myanmar neighbor China, backed by Russia, blocked the statement.
The short draft press statement, would have "noted with concern renewed fighting in some parts of the country and stressed the importance of humanitarian access to all effected areas."
Some 75,000 people have fled from Rakhine state to Bangladesh since Myanmar's military began a security operation last October in response to what it says was an attack by Rohingya insurgents on border posts in which nine police officers were killed.
The European Union called Thursday for the United Nations to send an international fact-finding mission urgently to Myanmar to investigate allegations of torture, rapes and executions by the military against the Rohingya Muslims.
Following a closed-door council meeting in November and as Western nations became increasingly concerned about how Aung San Suu Kyi's government was dealing with violence in the divided northwest, Suu Kyi told diplomats in the capital, Naypyitaw, that her country was being treated unfairly.
Source: Voice of America