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NEW YORK, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
CBIZ, Inc. (NYSE: CBZ)’s merger with the non-attest business of Marcum, LLP. The proposed cash-and-stock transaction is valued at approximately $2.3 billion. It is expected that approximately half of the proposed transaction consideration will be paid in cash and the remainder shares of CBIZ common stock. If you are a CBIZ shareholder, click here to learn more about your rights and options.
Manitex International, Inc. (NASDAQ: MNTX)’s sale to Tadano Ltd. for $5.80 per share in cash. If you are a Manitex shareholder, click here to learn more about your legal rights and options.
Sterling Bancorp, Inc. (NASDAQ: SBT)’s sale of its wholly owned subsidiary, Sterling Bank and Trust, F.S.B., to EverBank Financial Corp for $261,000,000. If you are a Sterling shareholder, click here to learn more about your legal rights and options.
Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email sadeh@halpersadeh.com or zhalper@halpersadeh.com.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:Halper Sadeh LLCDaniel Sadeh, Esq.Zachary Halper, Esq.(212) 763-0060sadeh@halpersadeh.comzhalper@halpersadeh.com https://www.halpersadeh.com
SINGAPORE, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Web3 liquidity layer Orderly Network has announced a bounty program hosted in conjunction with Google Cloud and Empyreal. The campaign will reward developers building AI agents to trade autonomously on Orderly.
A step forward in uniting the powers of AI and DeFi, the bounty program will support Orderly’s goal of developing the first onchain derivatives platform capable of supporting AI agents. The creation of these agents by independent developers will enable automated transactions that make use of the latest advancements in AI and web3 technology.
Full details of the bounty program will be released at TOKEN2049 in Singapore on September 18-19. The program will commence immediately afterwards and is expected to run for several weeks. During this time, developers who enroll in the program and successfully create and deploy AI agents on Orderly will be eligible to receive a share of the prize pool. Each agent will be evaluated on participation across two categories - highest profitability and most innovative predictor - and if they meet the requirements, can qualify for prizes in both.
AI agents developed for use on Orderly are expected to be geared towards sophisticated traders initially and for developers seeking to create advanced trading applications. Orderly will subsequently support the development of AI agents that can be used by intermediate traders who will be able to participate in derivatives trading with no coding knowledge required.
Orderly Network uses Google Cloud technology to underpin its user-centric developer tools designed to lower the barriers to entry in DeFi space. Orderly Network’s efforts focus on developing off-chain components of DeFi infrastructure, addressing critical challenges related to self-custody and transparency.
The AI bounty program is the next step in this collaboration. Leveraging Google Cloud’s understanding of the web3 sector and advanced AI technologies, the initiative aims to onboard web2 developers to participate in the program, with the transition to web3 development being made easy by campaign partner Empyreal, who is providing their SDK.
Arjun Arora, Orderly Network COO, said: “It’s been a year since Orderly Network and Google Cloud began the collaboration, focused on driving the mainstream adoption of DeFi. Looking ahead, we believe that AI innovation will be pivotal in revolutionizing on-chain trading. Orderly’s bounty program empowers AI developers to create groundbreaking tools that will redefine the on-chain experience. This initiative invites both Web2 and Web3 developers to build autonomous agents utilizing diverse data sources, bridging the gap between today’s potential and the future of DeFi.”
Rishi Ramchandani, Head of Web3 APAC, Google Cloud, said: “Our work with Orderly builds on our mission to empower Web3 developers with secure cloud and AI technology to scale their applications. We look forward to welcoming more developers to build AI agents using our technology.”
Johnny, Founder and Lead Developer, Empyreal, said: “We’re excited for our SDK to be featured in this program with Orderly and Google Cloud. This will allow our trading kits to fuel new bots and AI agents, giving devs and traders a simpler process for deploying effective agents. Orderly is the ideal location for our SDK to be used for building the future of AI trading.”
AI agents are gaining traction within the crypto space but the technology is still in its infancy. Such agents specialize in automating tasks and interacting with multiple data sources, allowing traders to make more informed decisions. They have particular potential in the field of perps trading, where multiple data sources must be queried in order to make optimal decisions based on rapidly changing market conditions.
In addition to derivatives markets, AI agents have potential within such crypto sectors as prediction markets, staking, gaming, and DeFi. AI agents can retrieve data from on and offchain sources and use this information to execute transactions for payments, trading, cross-chain transfers, and much more.
The collaborative bounty program will incentivize developers to demonstrate their creativity and will pave the way for further innovations that empower traders to make smarter decisions while reducing information overload. In the process, they will form the backbone of an advanced derivatives trading framework on Orderly’s scalable web3 network and unlock new use cases that leverage the power of AI.
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Orderly Network is a cloud liquidity infrastructure designed to revolutionize web3 trading. Built on omnichain architecture, Orderly enables deep liquidity for any asset across multiple blockchains. Focused on a future of DeFi that’s open to all, Orderly empowers traders and developers alike.
Learn more at orderly.network For PR inquiries related to this release, please contact pr@orderly.network
NEW YORK, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers. Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies.
Kuehn Law is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process:
Kellanova has agreed to be acquired by Mars for $83.50 per share in cash.
Manitex International, Inc. has agreed to merge with Tadano Ltd. for $5.80 per share in cash.
Sterling Bancorp, Inc.’s wholly owned subsidiary, Sterling Bank and Trust, F.S.B., is being acquired by EverBank Financial Corp for $261,000.000.
Cepton, Inc. has agreed to merge with KOITO MANUFACTURING CO., LTD. for $3.17 per share in cash.
Why Your Participation Matters:
SHAREHOLDER CASES: ADDRESSING THE INJUSTICE
As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™
How to Get Involved:
Kuehn Law is dedicated to safeguarding shareholder interests. Concerned shareholders are encouraged to contact Justin Kuehn, Esq., at justin@kuehn.law or call (833) 672-0814. Kuehn Law covers all case costs and does not charge its investor clients. Shareholders are advised to act promptly, as legal rights may be time-sensitive. For additional information, please visit Merger Litigation - Kuehn Law.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts:Kuehn Law, PLLCJustin Kuehn, Esq.53 Hill Street, Suite 605 Southampton, NY 11968justin@kuehn.law(833) 672-0814
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.8% and the Financial Select Sector SPDR Fund (XLF) ahead 1.1%.
The Philadelphia Housing Index was adding 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.5%.
Bitcoin (BTC/USD) was declining 3.6% to $57,639, and the yield for 10-year US Treasuries was down 2.6 basis points to 3.62%.
In economic news, the New York Federal Reserve's Empire State manufacturing index jumped to 11.5 in September from minus 4.7 in August, compared with an improvement to minus 4 expected in a survey compiled by Bloomberg.
In corporate news, Carlyle reported "a strategic investment" in North Bridge ESG and a commitment to provide up to $1 billion to facilitate the origination of commercial property assessed clean energy loans by North Bridge. Carlyle shares added 1.3%.
Sterling Bancorp shares tumbled nearly 20% after the company said it has agreed to sell Sterling Bank and Trust to EverBank Financial for $261 million in cash.
Citigroup is selling its trust administration and fiduciary business Citi Trust to professional services provider JTC for $80 million, JTC said Monday. Citigroup shares rose 1.2%.
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