Posts Tagged ‘Legal News’

INSOL International Names John T. Young, Jr. of Neinda Advisors in 2024 Fellowship Class

HOUSTON, March 4, 2024 /PRNewswire-HISPANIC PR WIRE/ – Neinda Advisors LLC (”Neinda”) is delighted to announce that John T. Young, Jr. has been named a Fellow in INSOL International’s 2024 class of inductees. He is a member of a class of 24 new INSOL Fellows worldwide who are being recognized for their international insolvency qualifications. In response to INSOL’s announcement, Mr. Young remarked, “With the growing number of restructuring alternatives available beyond the US, it’s important to have the command of how emerging forums function and where the best outcomes can be found. I’m incredibly grateful to be recognized by INSOL with this honor.” The induction ceremony will take place at INSOL’s annual meeting held in San Diego on May 22, 2024.

Neinda Advisors

INSOL International is the premier worldwide association of lawyers, financiers, academics and other professionals specializing in turnaround and insolvency. There are currently over 44 Member Associations with over 10,500 professionals participating as members of INSOL International. To learn more about INSOL please visit

Neinda is a boutique advisory practice offering independent director services to organizations facing governance challenges in complex situations. Neinda’s governance services are tailored to US-based organizations and international organizations seeking the expertise of a US director, particularly in situations involving cross-border issues and restructurings. More information is available at

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Risk Mitigation of Infectious Disease Transmission from Incidental and Intimate Contact Using Atomic Scale Molecular Disruption and Biocidal Halo-fullerenes Delivered via Topical, Flushing and Enteral Mechanisms,

US Patent No. 11,638,720; May 2, 2023.

CARIBPR WIRE, The Valley, AI / May 02, 2023 / During COVID-19 havoc, Anguillan inventors worked to prevent hospital acquired infections (HAIs), but also broadly, urinary tract (UTIs) and sexually transmitted diseases (STDs). These biocides are atomic scale matter without mutagenic consequence or antibiotic microbial resistance (AMR). Atomic scale reactions kinetically destroy viral, bacterial, and fungal species.  Atomic physics prevents interference with anatomy and cell biology. Utilities are presurgical sterilizing scrubs, injections, phlebotomy or IV therapy as preventive measures against HAIs. The UTI epidemic (million cases a day) was disturbingly newly identified by eating meat and paradoxically colonizing the urinary tract. An aqueous suspension using diuresis renal flushes may prevent colonization including STDs.

Every government house understands microbe infections as the leading cause of untimely deaths, sepsis, and forecasted to become the leading cause of “all deaths”. Sepsis is overtaking cancers, heart-failure, accidents, and other causes cumulatively. Microbe infested planet Earth showed that COVID-19, and a 2nd pathogen was usually present with pandemic death.

Regionally, Dr. Hughes is a Renaissance surgeon and polymath and a University of the West Indies graduate. Returning to his academic roots with this patent (lifegoal) and a broader objective for the Caribbean and Anguilla. He is coinventor of 3 other filings and awards hopefully forthcoming.

Dr. Hughes, speaking provenance-wise, “Our hardscrabble childhoods and ancestry gave us cleverness and skills that make us inventors. Knowing the ropes of intellectual property will diversify our economy, technologically” — “Our unspoiled youth grow up outdoors using imagination with boating, fishing, and machinery repair. — We must teach our schools and children about “cognitive property” — out-of-thin-air — and bolsters STEM education.”

This invention is the 5th since the COVID 19 Pandemic with “The Valley, AI” address. A British Overseas Territories innovation—hothouse, — and beyond. Had these inventions emerged in “The City of London or Slough” knighthoods would have followed.

Topically, a UK economist published the scourge of sepsis by UK Prime Minister appointment; lookup: “Jim O’Neill”. His reports depict morbidity and mortality including the £100s of trillions of AMR, sepsis cost. Jim O’Neill: now “Lord Jim O’Neill” (deservingly), but no invention nor infectious disease decline.

IMAGE FOR USE WITH PRESS RELEASE: Dr. Lowell Hughes of Anguilla


Terry Earl Brady
Principle at AT Research Partners
Phone: +1-336-271-5163


AT Research Partners []

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If you purchased dental supplies or equipment directly from Henry Schein, Patterson, Benco, or Burkhart, an $80 million class action settlement may affect you

PHILADELPHIA, Feb. 22, 2019 /PRNewswire-HISPANIC PR WIRE/ – The following statement is being issued by Berger Montague regarding the Dental Supplies Antitrust Litigation.

An $80 million cash Settlement has been reached in a lawsuit known as In re Dental Supplies Antitrust Litigation, No 16-cv-00696 (E.D.N.Y.), against Henry Schein, Inc. (”Schein”), Patterson Companies, Inc. (”Patterson”), and Benco Dental Supply Company (”Benco”) (collectively, “Defendants”). The lawsuit alleges that the Defendants agreed not to compete on prices for Dental Products. The Defendants deny these claims, insist they did nothing wrong, and a judge has not decided who is right.

Who’s Included?
The Settlement is for a “Class” that includes anyone in the U.S. who purchased Dental Products directly from Defendants or Burkhart during the Class Period: August 31, 2008 to March 31, 2016.

What does the Settlement provide?
The Defendants will pay $80 million into a “Settlement Fund.” The settlement proceeds, net of all court-approved fees and costs, will be allocated pro rata, based on relative purchase amounts. For more information on payouts, please consult paragraphs 25-30 of the November 12, 2018, Declaration of Eric L. Cramer and/or the Plan of Allocation (when it is available) on the settlement website. Class Counsel will be asking the Court to approve a fee of up to 1/3 of the Settlement amount, plus reimbursement of costs, and service awards for the named plaintiffs. That Fee Application will be available on the settlement website on March 24, 2019.

How can I receive benefits?
If the Settlement is approved, you will receive a Claim form in the mail (it will also be available on the Settlement website). You must file a claim by September 19, 2019 in order to receive a payment.

How can I exclude myself or object?
If you want to sue the Defendants yourself, you must exclude yourself from the Settlement by April 18, 2019, in which case you will not receive a payment from the Settlement. If you do not exclude yourself, you may file an objection to the Settlement or any aspect of it by April 18, 2019.

More complete information, including the Settlement Agreement and release of claims, instructions on filing a claim (when a claim form becomes available), Excluding, and Objecting is available on the settlement website, or you may call toll free 1-844-367-8807.

When will the Court decide?
A Fairness Hearing will be held on May 22, 2019 at 10:00 a.m. at the U.S.D.C. for the Eastern District of NY, 225 Cadman Plaza E, Brooklyn, NY 11201 in Courtroom 8D S to consider whether to approve the Settlement and Fee Application. You may, at your own expense appear at the Hearing, but you don’t have to.

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Veteran Counsels for DEA and DOJ Join Diaz Reus

MIAMI, Oct. 7, 2016 /PRNewswire-HISPANIC PR WIRE/ — Miami-based law firm Diaz Reus announced today that former Division Counsel for the Miami Field Division of the U.S. Drug Enforcement Administration, Patricia L. Diaz, and former Federal Prosecutor for the U.S. Department of Justice, Criminal Division, Fraud Section, Richard N. Wiedis, have joined the firm as partners in the firm’s international litigation, arbitration, and mediation and white collar criminal defense practices. The addition of Diaz and Wiedis continues the firm’s international expansion over the past 12 months as they join other impressive and talented lateral hires, including Ali Awais (Dubai), Gayle E. Hanlon (Dubai), Louis V. Martinez (Miami), Roland M. Potts (Miami), Javier Ruiz (Mexico), and Karel Suarez (Miami and Cuba).

“We are truly fortunate to attract such top level talent in key areas that are important to our clients,” says Michael Diaz, Jr., Global Managing Partner. “Patricia has an enormously successful track record in investigative and litigation matters and is highly qualified to guide clients through sensitive criminal investigations, prosecutions, and negotiations. Richard covers multiple areas of our practice, having outside counsel, in-house counsel, and government experience. His work at the DOJ and for a large, publicly traded technology corporation will be very valuable for our clients in high-stakes litigation, investigations, and regulatory compliance counsel.”

Diaz served six years as Division Counsel for the Miami Field Division of the Drug Enforcement Administration—covering the State of Florida and the Bahamas—and spent 21 years as an Assistant United States Attorney for the Southern District of Florida, prosecuting hundreds of complex, international money laundering cases and earning Special Achievement and Meritorious Service awards from the DOJ, DEA, FBI, HHS, and other U.S. agencies. As a Federal Prosecutor, Diaz was assigned to the High Intensity Drug Trafficking Area Task Force, a task force dedicated to the investigation and prosecution of high level international money laundering organizations.

A member of the Florida bar since 1988, her practice will be focused on white collar criminal defense, internal corporate investigations, general civil litigation, civil and criminal forfeiture, money laundering, RICO, and dispute resolution. Diaz received her J.D., magna cum laude, from the University of Miami School of Law, Miami, Florida.

Wiedis served 15 years as a Federal Prosecutor with the U.S. Department of Justice, Criminal Division, Fraud Section, where his investigatory and trial work led to convictions in high profile cases involving bank fraud, securities fraud, accounting fraud, and other white collar crimes. He holds multiple Special Achievement and Meritorious Service awards and letters of commendation from the DOJ and FBI. Prior to joining Diaz Reus, he served as Executive Vice President of Risk Management and Human Resources and Associate General Counsel at MicroStrategy, a $2 billion market cap, multinational business intelligence software company, where he oversaw the company’s litigation portfolio and designed and deployed a comprehensive risk management and corporate compliance regime for the company and its 23 international subsidiaries.

A member of the New York and District of Columbia bars, Wiedis will focus his practice on white collar criminal defense, internal corporate investigations, FCPA, general civil litigation, trial counsel, civil forfeiture, money laundering, RICO, mediation, arbitration, and compliance and risk management counseling. He received his J.D., cum laude, from Georgetown University School of Law, Washington, DC.

About Diaz, Reus & Targ, LLP
Operating on five continents, across 17 offices in key business centers, Diaz Reus offers a global practice centered around national and transnational parallel proceedings and transactions in the following broad areas: sovereign, trade, commerce, finance, and fraud; civil litigation and arbitration; asset identification, location, tracing and recovery; white collar crime, regulatory, and criminal investigations and defense in matters of corruption, bribery, money laundering, Foreign Corrupt Practices Act, OFAC, Specially Designated Nationals, and the Bank Secrecy Act; and politically sensitive investigations including the recovery of U.S. immigration status and visas. The firm is headquartered in Miami, Florida.

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Batelco Successfully Obtains Indian Freezing Orders Against Assets of Related Parties of Chinnakannan Sivasankaran and Siva Limited to Enforce its USD 210 Million Judgment

MUMBAI, India, Feb. 24, 2016 /PRNewswire-HISPANIC PR WIRE/ –Batelco Group (Ticker: BATELCO ), the international Telecommunications Group with operations across 14 countries, has successfully obtained Indian freezing orders from the Madras High Court against certain Indian assets of Chinnakannan Sivasankaran (Mr Siva) and his related parties namely: his ex-wife Mrs Jayalakshmi Sivasankaran, his father R.C.K. Vallal, his mother Chinnakannan Chandrammal, his long-term associates Baskaran, Nithyavathi Venkatesan and his related company, Siva Limited. The value of the assets frozen by such orders is estimated to be approximately 500 Crore (US$ 74 million).

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The orders that have been made by the Madras High Court are intended to pay down a substantial UK judgment that was awarded to BMIC Limited (a fully owned subsidiary of Batelco) by the English High Court of Justice totaling US$ 212 million in June 2014 (the UK Judgement). The UK Judgement was awarded against Mr Siva and Siva Limited, following BMIC’s successful litigation against them (the defendants). The UK Judgment found that the defendants failed to honour a Settlement Agreement signed with BMIC in November 2011, relating to a commercial venture into which such parties had entered in 2009. According to the UK Judgment, full payment should have been made to BMIC by the defendants by 26 June 2014. To date the defendants have failed to pay such sum to BMIC.

Ihab Hannawi, Group CEO of Batelco said:

We fully expect all of the respondents to honour the Indian Court Orders and pay to BMIC the monies owing to it under the UK judgement. We will pursue all legal avenues available to us against such parties to secure this outstanding payment.”

[BMIC acquired a 42.7% stake of Indian registered S Tel in 2009. S Tel had been awarded a 2G Licence in 2008. Following the cancelation of 2G licences by India's Supreme Court in February 2012, BMIC sought to implement an agreed put option which under certain circumstances, such as the cancelation of its 2G licence, or in the event of a failure of Siva to secure financing, would ensure Siva bought back the shares acquired by BMIC at the price paid originally. BMIC and the defendants entered into the binding Settlement Agreement to give effect to this commitment which contained a promise by Mr Sivasankaran and Siva Limited to make payment to BMIC in agreed circumstances.]

CONTACT: Rethu Menon, Consultant, FTI Consulting India, [email protected], +91-986-718-1043, Amrit Singh Deo, Senior Director, FTI Consulting India, [email protected], +91-916-742-8242

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