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LOPE INVESTOR UPDATE: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Grand Canyon Education, Inc. and Encourages Investors to Contact the Firm

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Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Grand Canyon Education, Inc. (Grand Canyon or the Company) (NASDAQ: LOPE) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Grand Canyon securities between January 5, 2018 and January 27, 2020, both dates inclusive (the Class Period). Such investors are encouraged to join this case by visiting the firms site: www.bgandg.com/lope.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Grand Canyon University (“GCU”) would not be and is not a proper non-profit organization as it remains under the control of Grand Canyon; (2) Grand Canyon would not be a third-party service provider to GCU but rather would and does continue to effectively operate the entity; (3) Grand Canyon employees served as executives of GCU; and (4) GCU functions as an off-balance-sheet entity to which Grand Canyon is able to funnel expenses and costs in exchange for a disproportionate amount of revenue, thereby inflating Grand Canyons financial results.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firms site: www.bgandg.com/lope or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Grand Canyon you have until July 13, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firms expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Yael Hurwitz

212-697-6484 | [email protected]

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Lument Provides $21.5 Million in Freddie Mac Financing for Affordable Housing in El Paso

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NEW YORK, Dec. 2, 2020 /PRNewswire/ — Lument, a national leader in commercial real estate finance,   announced today that it provided a $21.5 million Freddie Mac unfunded forward commitment loan to facilitate the substantial renovation of Jackie Robinson Memorial Apartments, an affordable multifamily property in El Paso, Texas.  Lument is the combined organization of legacy industry experts Hunt Real Estate Capital, Lancaster Pollard, and RED Capital Group.

“By combining the Freddie Mac unfunded forward loan with tax credit equity and other soft funding sources, we were able to put in place an attractive debt structure to help improve these much-needed affordable apartments,” said Josh Reiss, director at Lument.

Originally built in 1975, Jackie Robinson is a 186-unit, 4% low-income housing tax credit (LIHTC) community in the Housing Authority of the City of El Paso (HACEP) portfolio. As part of the transaction, the property will receive Section 8 assistance that will facilitate the conversion to long-term, project-based voucher (PBV) rental assistance. Subsequently, all 186 units will be restricted to tenants earning income at or below 60% area median income (AMI).

The $21.5 million Freddie Mac loan features a low, fixed interest rate, 18-year term with three years of interest only, and a 35-year amortization schedule. The forward commitment term will be 30 months with one six-month extension.

Jackie Robinson will undergo substantial interior and exterior construction, including a gut renovation of all residential units, from new drywall to new kitchen appliances. In addition, exteriors will be improved with new windows and doors, repaired or replaced roofs, and new stair towers.

Construction began in October 2020 and is expected to be complete within 24 months.

Mr. Reiss and the Lument team have financed over 960 units in partnership with HACEP, totaling $41 million. Since 2015, the team has financed over $565 million in RAD transactions for a total of approximately 6,500 units.

About Lument
ORIX Real Estate Capital Holdings, LLC, d/b/a Lument, is a subsidiary of ORIX Corporation USA. Lument is a national leader in commercial real estate finance. As the combined organization of legacy industry experts Hunt Real Estate Capital, Lancaster Pollard, and RED Capital Group, Lument delivers a comprehensive set of capital solutions customized for investors in multifamily, affordable housing, and seniors housing and healthcare real estate. Lument is a Fannie Mae DUS®, Freddie Mac Optigo®, FHA, and USDA lender. In addition, Lument offers a suite of proprietary commercial lending, investment banking, and investment management solutions. Lument has approximately 600 employees in over 25 offices across the United States. Securities, investment banking, and advisory services are provided through OREC Securities, LLC, d/b/a Lument Securities. Member FINRA/SIPC. For more information, visit www.lument.com.

MEDIA CONTACT                                                                                                           
Michael Ratliff | Marketing Director
212-588-2163 | [email protected]

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SOURCE Lument

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Edward Jones Named One of the 2020 Best Workplaces for Parents™ by Great Place to Work® and FORTUNE Magazine

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ST. LOUIS, Dec. 2, 2020 /PRNewswire/ — Financial-services firm Edward Jones has been named one of the 2020 Best Workplaces for Parents by Great Place to Work® and FORTUNE Magazine. The firm, ranked No. 7 on the list of 100 companies, earned this award for creating consistently positive experiences for working parents.

Great Place to Work determined the Best Workplaces for Parents by gathering and analyzing employee experience feedback representing 4.8 million U.S. employees across more than 20 industries – the largest annual study of working parents to date.

“Edward Jones is extremely proud of this recognition that spotlights the work environment we've built, and evolved, to support our parents. This is particularly significant in light of the difficult and novel challenges facing parents this year,” said Kristin Johnson, Edward Jones Chief Human Resources Officer. “We strive to create a people-first culture for all associates that allows them to effectively manage their commitment both to our clients and to their families.”

Since forming in Spring 2020, the Edward Jones Parental/COVID-19 Taskforce has acted as a key listening post and strategy team advocating for the needs of associates, their families and working in a remote environment. The 20-member taskforce, with representatives from multiple areas of the firm, has created critical policies, programs and solutions that provide support for navigating pandemic-related issues in five areas: workplace flexibility, time off, dependent care and educational support for children, health and wellness, and financial support.

Support for parents and families includes:

  • Associates in distress due to COVID-related financial challenges can look to help from the Edward Jones Disaster Relief Fund. Associates and retirees donated $930,000 to the fund this summer to assist colleagues.
  • To help ease family concerns around health expenses, the Edward Jones medical plan provides no-cost care for COVID-related testing and treatment through the end of 2020. And to remove barriers to care and the burden of costs, the firm waived the deductible for the treatment of COVID-19 from both in- and out-of-network providers.
  • Associates have 10 extra personal days this year, and we've revised our sick/safe time policy, allowing associates to use sick time for any COVID-related reason, including childcare needs, through the end of the year.
  • Many associates have worked remotely since mid-March, allowing parents to be with children and other dependents as schools and care centers closed.
  • The firm's Investing in You website contains a wealth of information for families struggling to balance childcare, at-home learning and work. There are 60-plus resources for working parents. The firm also offers free online webinars on subjects such as helping kids cope with pandemic anxiety as they return to school, how working parents can structure their day, and how to manage their workspace and teaching space.

Rankings are based primarily on parents' scores of trust and fairness across the company culture, including levels of trust, pride, management effectiveness, innovation, diversity and equity. The analysis focused on how parents' workplace experiences compare to those of their non-working colleagues and determining whether their job level, race/ethnicity or any personal characteristic changed the level of support they received as a working parent. Finally, each company's parental leave, adoption, flexible schedule, childcare and dependent health care benefits were evaluated.

“Best workplaces like Edward Jones have built dynamic, flexible, and transparent workplaces built on trust,” said Michael C. Bush, CEO of Great Place to Work. “This gives companies on this list a powerful opportunity not just to do well for their people, but also to do well for their businesses.”

About Edward Jones

Edward Jones, a FORTUNE 500 firm headquartered in St. Louis, provides financial services in the U.S. and, through its affiliate, in Canada. Every aspect of the firm's business, from the investments its financial advisors offer to the location of its branch offices caters to individual investors. The firm's 19,000-plus financial advisors serve more than 7 million clients and care for $1.3 trillion in assets under management.  The Edward Jones website is at www.edwardjones.com, and its recruiting Web site is www.careers.edwardjones.com. Member SIPC.

About Great Place to Work®

Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees around the world and used those deep insights to define what makes a great workplace: trust. Great Place to Work helps organizations quantify their culture and produce better business results by creating a high-trust work experience for all employees. Emprising®, their culture management platform, empowers leaders with the surveys, real-time reporting, and insights they need to make data-driven people decisions. Their unparalleled benchmark data is used to recognize Great Place to Work-Certified™ companies and the Best Workplaces™ in the US and more than 60 countries, including the 100 Best Companies to Work For® and World's Best Workplaces list published annually in Fortune. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.

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SOURCE Edward Jones

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Former SEC Senior Counsel Strengthens McDermott's Investigation & Litigation Bench

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BOSTON, Dec. 2, 2020 /PRNewswire/ — International law firm McDermott Will & Emery continues to grow its litigation footprint with the addition of Boston-based partner Caitlyn M. Campbell, former senior counsel to the co-directors of the Division of Enforcement at the US Securities and Exchange Commission (SEC), who brings significant experience in SEC investigations, international investigations, anti-corruption matters as well as securities and derivative litigation.

“Clients will immediately benefit from Caitlyn's sharp business acumen and well-balanced experience between private practice and as a highly accomplished SEC enforcement lawyer,” David Rosenbloom, head of McDermott's litigation practice, said. “Caitlyn recognizes that success is achieved by understanding our clients' businesses, investing in their success and putting their interests first as she works on their behalf as a fearless advocate in the face of tough government actions.”

Caitlyn spent eight years at the SEC, most recently advising the co-directors of the Enforcement Division in Washington, DC. Previously, she served as senior investigative counsel where she led all aspects of investigations involving complex insider trading schemes, market abuse, market manipulation, misappropriation of investor funds, accounting fraud, investment adviser fraud and the Immigrant Investor Program. In addition to her investigative work, Caitlyn co-chaired the committee tasked with proactively detecting accounting and disclosure fraud in the New England region, served as the liaison to the national Financial Reporting and Audit Group and was a member of the Enforcement Division's COVID-19 Steering Committee.

“I am honored that my return to private practice is with McDermott, and I am confident I can provide clients with world-class service and the informed counsel they need to tackle their most pressing issues,” Caitlyn said. “I look forward to joining the exceptional team of lawyers at McDermott and finding creative solutions to our clients' most complex problems, drawing on the knowledge and experience I have gained at the SEC.”

Caitlyn focuses her private practice on securities class action and derivative litigation, and compliance matters with extensive experience in matters involving potential violations of the federal securities laws, including accounting issues, various issues in the investment management industry, insider trading, anti-corruption and Foreign Corrupt Practices Act (FCPA) compliance and whistleblower claims. Caitlyn represents boards, senior management teams, hedge funds and private equity firms in connection with matters before enforcement and regulatory agencies including the SEC, the Department of Justice, the Internal Revenue Service and the Financial Industry Regulatory Authority. Caitlyn holds a JD from Boston University School of Law (cum laude) and a BA from Cornell University.

Since the start of 2020, McDermott has added 24 lawyers to our litigation group and projects additional growth throughout 2021. The Firm most recently deepened our bench in New York with the addition of Carlos Ortiz.

About McDermott
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective—and often unexpected—solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

 

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SOURCE McDermott Will & Emery

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