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Zanganeh: Foreign Firms to Ensure Development

TEHRAN (Dispatches) — Iranian Minister of Petroleum Bijan Zangeneh said presence of foreign developers in oil and gas projects in Iran would ensure economic stability and development in oil industry while keeping the enemies away.
Addressing the parliament on Sunday, the official said Iran can already cooperate with a limited number of foreign firms in oil projects; a number which shall not become even smaller by domestic sanctions.
He said the above in response to some MPs who had questioned Iranian ministry of petroleum’s interactions with certain banned foreign companies.
“If we are told that cooperation with a certain company is banned based on the law we would follow suit but this must first become ascertained for us before we stop our interactions with them,” said the official.
******Bijan Zangeneh said presence of foreign developers in oil and gas projects in Iran would ensure economic stability and development in oil industry

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Pestering junk call firms dodge fines worth millions by closing down and changing names

Firms behind a wave of junk calls, emails and texts dodge fines worth millions.

They have been ordered to pay £4.2million in five years for plaguing people.

But only £887,140 – or just over 20 per cent – has been collected.

Cold callers can dodge fines by closing down or going bankrupt then starting up under a new name.

They are thought to make £5billion a year with messages like those about mis-sold payment protection insurance . Bosses will soon be held personally liable for nuisance calls under a new clampdown.

Campaigners Stop Junk Mail uncovered the stats on fines issued by the ­Information ­Commissioner’s Office. The ICO said: “We chase unpaid fines by working with an insolvency practitioner and the Insolvency Service.”

Junk call firms are thought to make £5billion a year

An ICO spokesman said: “We’ll continue to chase unpaid fines by working with an insolvency practitioner and the Insolvency Service.

“While, in some respects, it marks a frustrating end to our investigations it’s worth noting that when nuisance call companies go out of business, they stop making calls. And that’s a successful outcome.

“We’ve been calling for a change to the law and are pleased the Government plans to introduce fines for company directors heading up nuisance call firms.

“This should put an end to directors making large amounts of money from nuisance calls and texts, only to try and duck away from the fine when they’re caught.”

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How tobacco firms flout UK law on plain packaging

Brands use competitive price labels to avoid restrictions on marketing

An image released by Action on Smoking and Health in May 2016 showing a mock-up design of a standardised cigarette pack.

An image released by Action on Smoking and Health in May 2016 showing a mock-up design of a standardised cigarette pack.
Photograph: HANDOUT/AFP PHOTO / ASH (UK) / HANDOUT

How tobacco firms flout UK law on plain packaging

Brands use competitive price labels to avoid restrictions on marketing

An insider in the tobacco industry has revealed some of the unscrupulous tactics it is using to avoid new restrictions governing the marketing of cigarettes that come into force next month.

One strategy – sticking competitive pricing labels on packets, a move designed to attract cost-conscious poorer smokers who make up the majority of the market – is already in breach of the regulations, according to legal advice obtained by Action on Smoking and Health (Ash).

The whistleblower, until recently employed by Imperial Tobacco, one of the UK’s largest companies, told the Observer that all four of the industry’s main players were employing a range of branding initiatives involving pack design to differentiate their products before the new regulations come into force on 20 May. From this date, cigarettes must be sold in dark green packs of 20 that carry health warnings covering at least 65% of the box.

Plain packaging was first introduced in May last year. “Any branded stock you see out there now will have been produced before 20 May last year,” said the whistleblower who used the pseudonym, Martin Sempah. “So the cigarette companies have been on a massive stock building exercise to make sure they have their branded packs in the market for as long as possible, to leverage the brand benefit.” But, under the new regulations, any packs manufactured after 20 May last year must be devoid of eye-catching price labels, something that severely limits the tobacco companies’ ability to market them aggressively.

“Price with cigarettes is massive,” Sempah said. “It’s what drives growth in market share. You get your price mark wrong and you can lose market share and millions. The issue for Imperial was that from 20 May 2016 until 20 May 2017 they’d have branded packs out there but no way of controlling the price on them.”

The solution was to employ a separate agency to add promotional price stickers to the packets’ cellophane wrappers, a practice known in the trade as “stickering”, that, according to Sempah, involved “millions and millions” of packs and which the tobacco firms insist is not in breach of the regulations because it is not part of the manufacturing process.

Imperial employed an agency called Clipper to add the stickers, Sempah said. Ash has written to the other three major tobacco companies –JTI, BAT and PMI – saying it is aware that they have been employing a similar strategy.

The health organisation has received a legal opinion from Peter Oliver, a barrister at Monckton Chambers, that suggests the strategy breaches the regulations which state that cigarette packets must be wrapped in cellophane that is “clear and transparent” and must not be “coloured or marked”.

“Once again, the tobacco companies seem to be stretching the law to snapping point,” said Deborah Arnott, chief executive of Ash. “They have already wasted thousands of legal hours and millions of pounds in fees trying to get the standardised packaging rules scrapped and failed miserably. Now it seems they are trying to get round the rules, by adding stickers to cigarette packs after the 20 May 2016 and claiming that this is not part of the production process. But, as our legal opinion confirms, such claims are false and the behaviour unlawful. We would like to see appropriate enforcement action taken against any tobacco manufacturer engaged in this practice without delay.”

Stickering is only one weapon in the industry’s arsenal, Sempah suggested. “When the regulations came out they started to look for loopholes. They said: how can we use particular varnishes and finishes on our plain packs to make them more tactile in a person’s hands, to make them more attractive? Do we use a different type of foil? If you look at a pack of Marlboro Gold it has got a trademark type of foil – it’s resealable. There are methods they are using to get round the regulations to increase the brand equity in their packs.”

Another strategy is to use key words to signify different “strengths” of cigarette – something that is banned. The word “real” is being used to suggest “full flavour” while “bright” denotes cigarettes that were once labelled ‘light’.

Two, separately wrapped, packs of 10 cigarettes inserted inside a 20-size pack have been developed to appeal to smokers who prefer smaller packs.“They’re going to be investing a lot more in festivals and nightclubs,” Sempah said. “You can’t say ‘sponsored by’ but you can create a fantastic experience which kind of looks like a cigarette brand.

“For example, last year Golden Virginia did stuff at the Latitude festival. They had a bar and a smoking area – all green furniture and green T-shirts for staff. It was a slightly different green from Golden Virginia and it was called Roll and Rock rather than Golden Virginia but at the bar you could only buy Golden Virginia.”

In their written responses to Ash all four tobacco companies and Clipper insisted that they complied with all the regulations. Sempah said most in the tobacco industry doubted the marketing strategies would have much of an impact in the long run. “Nobody really expects this to work, but there’s so many big salaries tied up in marketing in the tobacco companies they have to try to make it work.”

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JBS S.A. (JBSAY: OTCQX International Premier) | SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in JBS S.A. of Class Action Lawsuit and Upcoming Deadline – JBSAY

NEW YORK, April 07, 2017 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against JBS S.A. (“JBS” or the “Company”) (OTCQX:JBSAY) and certain of its officers.   The class action, filed in United States District Court, Eastern District of Pennsylvania, is on behalf of a class consisting of investors who purchased or otherwise acquired the publicly traded American Depositary Receipts (“ADRs”) of JBS securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased JBS ADRs securities between June 2, 2015 and March 17, 2017, both dates inclusive, you have until May 22, 2017 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.   To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased. 

[Click here to join this class action]

JBS processes and sells beef, lamb, pork, and chicken products in Brazil and internationally. The Company is incorporated in the Federative Republic of Brazil and its principal executive offices are in Sao Paulo- SP, Brazil.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:   (1) JBS executives bribed regulators and politicians to subvert food inspections of its plants and overlook unsanitary practices such as processing rotten meat and running plants with traces of salmonella; and (2) as a result, defendants statements about JBS’s business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times.

On March 17, 2017, news outlets reported that Brazilian federal police raided the offices of JBS and dozens of other meatpackers following a two-year investigation into alleged bribery of regulators to subvert inspections of their plants and overlook unsanitary practices. Police arrested two JBS employees, as well as 20 public officials. JBS stated in a securities filing that three of its plants and one of its employees were targeted in the probe.

On this news, shares of JBS fell $0.71 per share, or over 9.2%, to close at $6.96 per share on March 17, 2017, damaging investors.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

Copyright © 2017 GlobeNewswire. All Rights Reserved

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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UPDATE 2-Croatia's top court rejects banks' call to assess franc-loan conversion law

conversion law@ (Adds reaction from banks in paragraphs 8-10)

ZAGREB, April 7 (Reuters) – Croatia’s Constitutional Court on Friday rejected local banks’ request to assess whether a law forcing lenders to convert Swiss franc loans into euros is in line with the constitution.

Households and firms across Croatia and eastern Europe who had taken out Swiss franc mortgages to benefit from low interest rates were caught out by the surge in the franc, after Switzerland scrapped its cap on the currency in January 2015.

The previous Social Democrat-led government pushed through a law before an election in 2015 ordering banks to convert loans denominated in Swiss francs into euros at their own expense, imposing about 1 billion euros ($1.1 billion) of losses on them.

“Such a measure was necessary at the time to achieve a legitimate goal of protecting the borrowers from the firming of the Swiss franc,” Constitutional Court head Miroslav Separovic said.

Eight local banks had asked for a constitutional assessment of the conversion law, saying the action did not fairly share the costs and that the government had acted retroactively.

But Separovic said “a calculation of costs did not take into account positive effects of conversion which improved the banks’ lending portfolio, while the banks also got a tax exemption on the basis of conversion.”

The vast majority of loans and deposits in Croatia are denominated in euros. Croatia’s central bank keeps the national kuna currency in a tightly managed float against the euro.

Local bank association HUB said it was convinced enforced conversion was not in line with European Union legislation and obligations that Croatia accepted through international agreements.

“Such a legal solution does not exist in any other EU state,” HUB said in a statement.

HUB did not say what further action banks could take, but some have indicated they could seek international arbitration. ($1 = 0.9400 euros) (Reporting by Igor Ilic; Editing by)

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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in U.S. Concrete, Inc. of Class Action Lawsuit and Upcoming Deadline – USCR

NEW YORK, April 7, 2017 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against U.S. Concrete, Inc. (“U.S. Concrete” or the “Company”)

USCR, +0.88%

and certain of its officers.   The class action, filed in United States District Court, Northern District of Texas, and docketed under 17-cv-00266 is on behalf of a class consisting of investors who purchased or otherwise acquired U.S Concrete securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased U.S. Concrete securities between March 6, 2015 and March 23, 2017, both dates inclusive, you have until May 29, 2017 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.   To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased. 

[Click here to join this class action]

U.S. Concrete, Inc. produces and sells ready-mixed concrete, aggregates, and concrete-related products and services for the construction industry in the United States. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:  (i) the Company lacked effective internal controls over financial reporting; and (ii) as a result of the foregoing, U.S. Concrete’s public statements were materially false and misleading at all relevant times.   

On March 24, 2017, U.S. Concrete filed a Current Report on Form 8-K with the Securities and Exchange Commission, announcing the resignation of the Company’s Chief Financial Officer, Joseph Tusa, and advising investors that the Company had dismissed its previous auditor, Grant Thornton LLP, and engaged Ernst & Young LLP as its new public accounting firm. 

On this news, U.S. Concrete’s share price fell $5.90, or 8.84%, to close at $60.80 on March 24, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-on-their-investment-in-us-concrete-inc-of-class-action-lawsuit-and-upcoming-deadline–uscr-300436789.html

SOURCE Pomerantz LLP

Copyright (C) 2017 PR Newswire. All rights reserved

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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in JBS S.A. of Class Action Lawsuit and Upcoming Deadline – JBSAY

NEW YORK, Apr 07, 2017 (GLOBE NEWSWIRE via COMTEX) —

Pomerantz LLP announces that a class action lawsuit has been filed against JBS S.A. (“JBS” or the “Company”) (otcqx:JBSAY) and certain of its officers.   The class action, filed in United States District Court, Eastern District of Pennsylvania, is on behalf of a class consisting of investors who purchased or otherwise acquired the publicly traded American Depositary Receipts (“ADRs”) of JBS securities, seeking to recover compensable damages caused by defendants’ violations of the Securities Exchange Act of 1934.

If you are a shareholder who purchased JBS ADRs securities between June 2, 2015 and March 17, 2017, both dates inclusive, you have until May 22, 2017 to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.   To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased. 

[Click here to join this class action]

JBS processes and sells beef, lamb, pork, and chicken products in Brazil and internationally. The Company is incorporated in the Federative Republic of Brazil and its principal executive offices are in Sao Paulo- SP, Brazil.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:   (1) JBS executives bribed regulators and politicians to subvert food inspections of its plants and overlook unsanitary practices such as processing rotten meat and running plants with traces of salmonella; and (2) as a result, defendants statements about JBS’s business, operations and prospects were materially false and misleading and/or lacked a reasonable bases at all relevant times.

On March 17, 2017, news outlets reported that Brazilian federal police raided the offices of JBS and dozens of other meatpackers following a two-year investigation into alleged bribery of regulators to subvert inspections of their plants and overlook unsanitary practices. Police arrested two JBS employees, as well as 20 public officials. JBS stated in a securities filing that three of its plants and one of its employees were targeted in the probe.

On this news, shares of JBS fell $0.71 per share, or over 9.2%, to close at $6.96 per share on March 17, 2017, damaging investors.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

 CONTACT: Robert S. Willoughby Pomerantz LLP rswilloughby@pomlaw.com 

Copyright (C) 2017 GlobeNewswire, Inc. All rights reserved.

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Kuvara Law Offering Rights to 1-800-4-INJURY and 1-888-4-INJURY

Kuvara Law Firm is offering a unique opportunity to law firms or business enterprises seeking to reach the public.

San Rafael, CA (PRWEB) April 07, 2017

Personal injury attorney Neal Kuvara, founder of Kuvara Law Firm & Personal Injury Network, Inc., recently made available the rights to 1-800-4-INJURY and/or 1-888-4-INJURY (entire USA). The 1-800-4-INJURY Legal Network enables attorneys and/or business enterprises to better establish a public identity through branding, build a strong public profile, and increase their client base.

“Since 1981, Kuvara Law Firm has utilized these marketing tools to reach our target audience (injury/accident victims) through this easy-to-remember phone number, which identifies our specialty,” said Kuvara. “The law firm experienced a meteoric rise in business after employing the number to become one of the premiere marketing firms in California. We would like to share these two unique opportunities with law firms or business enterprises seeking to create a lasting and memorable impression on the public.”

The offering by state, 1-800-4-INJURY Legal Network, gives lawyers the rights to market the number within their purchased territory in order to heighten the public’s awareness of their firm and increase caseload and earnings. The offering for the entire USA (not available by state) is the sole right to the phone number 1-888-4-INJURY and includes the unique web domain Personalinjurynetwork.com.

About Neal Kuvara, Kuvara Law Firm

Neal Kuvara, CEO and owner of Kuvara Law Firm and 1-800-4-INJURY Legal Network, has over 40 years of legal experience representing injured clients. Legal services of the Kuvara Law Firm include personal injury, pedestrian injury, car accidents, wrongful death, motorcycle accidents, bicycle accidents, premises liability, medical malpractice and more. For more information, please call 1-800-4-INJURY (1-800-446-5879), or visit http://www.18004injury.com. The law office is located at 550 Las Gallinas Avenue, San Rafael, CA 94903.

About the NALA™

The NALA offers small and medium-sized businesses effective ways to reach customers through new media. As a single-agency source, the NALA helps businesses flourish in their local community. The NALA’s mission is to promote a business’ relevant and newsworthy events and achievements, both online and through traditional media. For media inquiries, please call 805.650.6121, ext. 361.


For the original version on PRWeb visit: http://www.prweb.com/releases/KuvaraLawFirm/attorneyNealKuvara/prweb14215031.htm

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