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PWCK Law Firm: OptionSellers.com Investors Need to Ensure They Seek Recourse in the Right Venue

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The following was issued by: PEIFFER WOLF CARR & KANE.

Investors wiped out in the recent OptionSellers.com natural gas investment debacle now face a new challenge: legal advice from firms that may not have experience in futures arbitration and commodities litigation, according to Joseph Peiffer, attorney and managing partner at Peiffer Wolf Carr & Kane (PWCK). For more information, go to https://www.optionsellerslawsuits.com/.

A small law firm announced last week that it was initiating FINRA arbitration proceedings on behalf of a Michigan family and others cleaned out in the OptionSellers.com hedge collapse. But, Peiffer noted that FINRA arbitration (which focuses on regulation of broker-dealers) has no role to play in this case, which will likely be handled in National Futures Association (NFA) arbitration, federal court in Chicago, or both.

Both OptionSellers.com and the firm handling the funds option investor accounts, INTL FCStone, are regulated by the NFA and the Commodity Futures Trading Commission (CFTC). Here, OptionSellers.com is a commodities trading advisor and INTL FCStone (in this capacity) is a futures commission merchant (FCM), which means that it solicits or accepts orders to buy or sell futures contracts, options on futures, retail off-exchange forex contracts or swaps, and accepts money or other assets from customers to support such orders.

Attorney Peiffer said: Remember, these investors just lost everything and still have INTL FCStone breathing down their neck; FCStone is simultaneously trying to collect on margin calls while pressuring these folks to sign away their last chip: their legal rights. Now, you likely have investors seeking recourse in the wrong venue. What kind of message do you think this sends a Fortune 500 company?

PWCK is a national law firm with 20 attorneys on its team that can take on OptionSellers.com and INTL FCStone, which is ranked #83 on the list of Fortune 500 companies.

Attorney Peiffer added: This case isn’t about your typical FINRA broker/broker-dealer relationship. This case is going to require significant resources and funding, the OptionSellers investors need a law firm with the experience, leverage, size, and financial wherewithal to fight a Fortune 100 adversary.

Here is what PWCK is advising OptionSellers.com investors now:

  1. Get legal help now before making any decisions.
  2. Do not respond to INTL FCStones demands for margin call payments without seeking legal advice.
  3. Do not agree to sign away your legal rights to challenge INTL FCStone or any other party involved in the OptionSellers.com matter.

OptionSellers.com investors face real challenges. In addition to losing all of their investments in the natural gas hedge fund, they also face demands for additional sums in the form of margin calls from INTL FCStone, which is also pressuring investors to sign away their rights to pursue any kind of legal challenge.

The OptionSellers.com hedge fund engaged in wildly speculative trading in natural gas options. James Cordier, the president of the firm, was a viral internet sensation in November when he issued a weepy explanatory video.

Even with a focus on high-net-worth individuals, OptionSellers.com was aggressively marketed to a wide spectrum of individuals, including unsophisticated retirees. In addition to $150 million or more lost in the hedge fund itself, the margin calls disclosed to date total more than $35 million but could add up to considerably more.

OptionSellers.com stumbled in the volatile energy markets with disastrous results last month. In mid-November, oil prices fell by the largest amount in a single day in three years and then on the very next day natural gas futures had their biggest intraday gain in eight years.

In a 2013 lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC), James Cordier, president of OptionSellers.com, his partner Michael Gross, and former firm Liberty Trading Group were charged nearly $50,000 for improper trading.

Separately, INTL FCStone was involved in its own natural-gas options controversy in 2013. As reported in a CFTC notice in May of that year, the CFTC fined the company $1.5 million for a failure to prevent an unchecked customer from taking grossly excessive risks and the brokerage ended up with losses of $127 million.

Peiffer Wolf Carr & Kane has extensive experience in handling national investment fraud cases.

In August, PWCK took legal action on behalf of victims of an elaborate investment scheme that succeeded in large part through the credibility lent to the scheme by a network of middlemen insurance agents, brokers, financial planners/investment advisors (IAs) and others who roped in unwary investors for Future Income Payments LLC (FIP). Peiffer Wolf Carr & Kane launched a coordinated wave of five lawsuits in the Los Angeles area, Houston, Chicago area, northern Florida, and Philadelphia/New Jersey targeting the seemingly legitimate financial professionals who made the FIP scheme work. For more information in that case, go to https://fiplawsuit.com.

ABOUT PEIFFER WOLF CARR & KANE

Peiffer Wolf Carr & Kane, APLC is a national law firm with offices in New Orleans, New York, Cleveland, San Francisco, Los Angeles, and Missouri. https://prwlegal.com/.

Whitney Dunlap, (614) 706-7672, or [email protected].

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MediaKind Wins Two Technology & Engineering Emmy® Awards for Pioneering Development of Event Signaling and Management API, and AI/Optimization for Real-Time Video Compression

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MediaKind, a global change leader in media technology and services, has won two Emmy Awards for Technology and Engineering. The National Academy of Television Arts and Sciences (NATAS) National Awards Committees Technology & Engineering Achievement Committee recognizes MediaKind for ˜Pioneering Development of Event Signaling and Management API and ˜AI/Optimization for Real-Time Video Compression.

The Technology & Engineering Emmy Awards are awarded for the developments and/or standardization involved in engineering technologies that either represent so extensive an improvement on existing methods or are so innovative that they have materially affected television. MediaKind will receive these awards at the 72nd Annual Technology & Engineering Emmy Awards ceremony, set to take place in partnership with the National Association of Broadcasters (NAB) at the NAB Show, October 10, 2021.

Pioneering Development of Event Signaling and Management API: ESAM Standard

MediaKind has been instrumental in developing an Event Signalling and Management (ESAM) technology standard that provides a single protocol to communicate between a control system and various stream-handling devices, such as encoders, packagers, and stream switchers, to manipulate in-band signals.

This technology enables automated, real-time, and frame-accurate content switching across products from various vendors, lowering costs in the industry by providing out-of-the-box interoperability between multiple components.

AI/Optimization for Video Compression: Improving perceptual quality metrics and their application to real-time and non-real-time video compression.

In recent years, MK has developed a bundle of efficiency improvements in compression technology and entire video workflows. The judging panel recognized MediaKind for improving perceptual quality metrics to support various encoding processes, such as smart partitioning, Spatio-temporal adaptive quantization (STAQ), and machine learning-based upscaling.

Judges also recognized how these metrics were instrumental in their application to content-aware real-time compression to achieve constant video quality (CVQ) and custom bitrate ladders.

Matt McConnell, CEO, MediaKind, said: Winning one Emmy is a fantastic achievement in itself, but for NATAS to recognize MediaKinds efforts in two different categories is testament to the groundbreaking work our talented team is pioneering. These awards are the culmination of years of research and development to bring practical and innovative technologies to the market, revolutionizing the way the industry delivers television to billions of households around the world.

– ENDS –

About MediaKind

MediaKind is a global change leader in media technology and services. Its mission is to deliver transformation by building a continuously better media universe alongside its customers and partners. Drawing on a pioneering industry heritage and fueled by innovation, MediaKind embraces and champions new standards, methodologies, and next-generation, immersive live and on-demand media experiences worldwide. Its end-to-end media solutions portfolio includes Emmy award-winning video compression for contribution and direct-to-consumer video service distribution, advertising and content personalization, high-efficiency cloud DVR, and TV and video delivery platforms. For more information, please visit: www.mediakind.com

Freddie Weiss

Platform Communications

[email protected]

+44(0)7432674674

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Hexion Inc. to Raise Prices for Cardura™ Glycidyl Ester, VeoVa™ Monomers and Versatic™ Acids

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Hexion Inc. (Hexion or the Company) today announced that it will increase the prices of its Cardura„¢ Glycidyl Ester, VeoVa„¢ monomers and Versatic„¢ Acids globally for all products shipped on or after March 1, 2021, or as contract terms allow. Prices of all above mentioned products will increase by $175/MT or 150 Euro/MT. This price adjustment is primarily driven by continued increases of key raw material and logistical costs.

All other terms and conditions of sale remain unchanged. Hexion account managers will contact customers to discuss this announcement in more detail.

About the Company

Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion Inc. serves the global adhesive, coatings, composites and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Additional information about Hexion Inc. and its products is available at www.hexion.com.

Investors and Media Contact:

John Kompa

614-225-2223

[email protected]

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NHS Scotland Selects ServiceNow to Help Vaccinate 5.5 Million Citizens in Just 90 Days

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ServiceNow (NYSE: NOW), the leading digital workflow company that makes work, work better for people, today announced that NHS Scotland is using ServiceNows Now Platform as the digital backbone of its program to rapidly roll out the vaccine to protect citizen health in the fight against COVID-19. NHS Scotlands vaccine management system, developed on the Now Platform, integrates and digitizes the entire vaccine administration process. Launched nationwide on January 20, the system enabled NHS Scotland to hit the ground running, scheduling 220,000 vaccination appointments in the first 12 hours.

Developed in partnership with ServiceNow, NHS Scotlands vaccine management system represents a seismic shift in our response to COVID-19 as it assists with allowing the entire vulnerable population of Scotland to be protected quickly and efficiently “ leading to an anticipated easing of lockdown, said Deryck Mitchelson, Director of Digital and Chief Information Security Officer at NHS Scotland. The vaccine management tools provided by ServiceNow have been vital to expediting Scotlands vaccine efforts as we enter what we hope will be the final stages of the fight against COVID-19.

To meet the demand for vaccinations in a timely and safe manner, NHS Scotland required an extensive system to drive the Scottish Governments ambition to vaccinate 5.5 million citizens in just three months. Built on the ServiceNow Now Platform, in just six weeks, NHS Scotlands vaccine management system enables the scheduling and recording of vaccinations for all 5.5 million citizens and allows the general population to book their own appointments through a Citizen Portal.

Supporting NHS Scotland Through Each Phase of the Pandemic

Scotlands response to COVID-19 has been supported by ServiceNows platform at every stage of the pandemic. NHS Scotland used ServiceNow Safe Workplace suite of apps to quickly develop effective national contact tracing systems, manage PPE inventory throughout the country, and keep track of Scotlands testing data. In this next phase, it is using the Now Platform to roll out its Vaccine Management programme, to manage its country-wide vaccination programme. ServiceNow has been a strategic partner in helping NHS Scotland respond to each phase of the COVID-19 pandemic, from monitoring our PPE levels to managing contact tracing challenges, added Mitchelson. Now, as we move into what we hope is the final phase of this pandemic, we have chosen ServiceNows solutions to help us roll out our vaccination programme.

With more than 15 billion COVID-19 vaccines required worldwide, managing the vaccine process is one of the most significant workflow challenges of our lifetime, commented Paul Smith, EMEA President at ServiceNow. Because of the agility of the Now Platform, we were able to help NHS Scotland develop and deploy its vaccine management solution in just six weeks. We are proud to support NHS Scotland with its most pressing and vital task of getting Scottish citizens vaccinated and healthy.

ServiceNow will continue to introduce new solutions to support organisations vaccination efforts. More information can be found here.

About ServiceNow

ServiceNow (NYSE: NOW) is making the world of work, work better for people. Our cloud based platform and solutions deliver digital workflows that create great experiences and unlock productivity for employees and the enterprise. For more information, visit: www.servicenow.com.

2021 ServiceNow, Inc. All rights reserved. ServiceNow, the ServiceNow logo, Now, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries. Other company names, product names, and logos may be trademarks of the respective companies with which they are associated.

ServiceNow PR

Rebecca Eastwood

[email protected]

[email protected]

Richard Pidgeon

NHS Scotland

[email protected]

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