ALBUQUERQUE, N.M. (AP) — Jurors in New Mexico have awarded a man more than $412 million in a medical malpractice case that involved a men’s health clinic that operates in several states. The man’s attorneys celebrated Monday’s verdict, saying they are hopeful it will prevent other men from falling victim to a scheme that involved fraud and what they described as dangerous penile injections. They said the jury award for punitive and compensatory damages is likely the largest in history for a medical malpractice case. The award follows a trial held in Albuquerque earlier this month that centered on allegations outlined in a lawsuit filed by the man's attorneys in 2020. NuMale Medical Center and company officials were named as defendants. According to the complaint, the man was 66 when he visited the clinic in 2017 in search of treatment for fatigue and weight loss. The clinic is accused of misdiagnosing him and unnecessarily treating him with “invasive erectile dysfunction shots” that caused irreversible damage. “This out of state medical corporation set up a fraudulent scheme to make millions off of conning old men by scaring them with a fake test,” Nick Rowley, the man's attorney, wrote in a social media post that detailed the verdict. Rowley went on to say that the scheme involved clinic workers telling patients they would have irreversible damage if they didn't agree to injections three times a week. NuMale Medical Center President Brad Palubicki said in a statement issued Tuesday that the company is committed to high-quality and safe patient care. He said NuMale disagrees with the verdict and intend to pursue all available legal remedies, including an appeal. A message seeking additional comment was left Wednesday with the company and its attorney. NuMale also has clinics in Colorado, Florida, Illinois, Nevada, Nebraska, North Carolina and Wisconsin. According to court records, jurors found that fraudulent and negligent conduct by the defendants resulted in damages to the plaintiff. They also found that unconscionable conduct by the defendants violated the Unfair Practices Act. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get local news delivered to your inbox!
BEIJING , Dec. 6, 2024 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ: RTC), a one-stop AI video solution provider, today announced that it has entered into a Standby Equity Purchase Agreement (the "SEPA"), with YA II PN, Ltd. ("YA"), a fund managed by Yorkville Advisors Global, LP. Subject to the terms and conditions set forth in the the SEPA, YA is committed to purchase up to $50 million (the "Commitment Amount") of the Company's Class A Ordinary Shares (the "Shares") at any time during the two-year period following the execution date of the SEPA, by delivering written notice to YA (an "Advance Notice"). Pursuant to the SEPA, YA will advance to the Company, subject to the satisfaction of certain conditions as set forth therein, the principal amount of up to $15 million (the "Pre-Paid Advance"), which will be evidenced by convertible promissory notes (the "Promissory Notes", together with the "SEPA", the "Offering") in four tranches. The first Pre-Advance, in the principal amount of $3,000,000 , was advanced December 6, 2024 in connection with the execution of the SEPA, and is subject to a 10% discount to the principal amount of such Promissory Note. If there is no balance outstanding under the Promissory Notes, the Company will have sole discretion to sell the Shares to YA from time to time by issuing Advance Notices to YA following the effectiveness of a registration statement with the U.S. Securities and Exchange Commission registering the Shares issuable pursuant to the SEPA and the satisfaction of other customary conditions. The Company intends to use the proceeds from the offering of the Shares pursuant to the SEPA for working capital and other general corporate purposes. The Company and the Investor have entered into a registration rights agreement on the date hereof (the "Registration Rights Agreement"), pursuant to which the Company shall register the resale of the Shares issuable pursuant to the SEPA. The foregoing does not purport to be a complete description of the rights and obligations of the parties to the SEPA, the Promissory Notes, the Registration Rights Agreement, or of the transactions contemplated thereby and is qualified in its entirety by reference to such documents, the copies of which have been filed as exhibits to the Company's Current Report on Form 6-K on December 6, 2024 . D. Boral Capital LLC acted as the exclusive placement agent for the Offering. About Baijiayun Group Ltd Baijiayun is a one-stop AI video solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries. For more information, please visit ir.baijiayun.com . Safe Harbor Statement This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," and "plan" and similar expressions indicate forward-looking statements. Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company's estimates as of the date of this press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. A further list and description of risks and uncertainties can be found in the documents the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. For investor and media enquiries, please contact: Company Contact: Ms. Fangfei Liu Chief Financial Officer, Baijiayun Group Ltd Phone: +86 25 8222 1596 Email: ir@baijiayun.com View original content: https://www.prnewswire.com/news-releases/baijiayun-announces-up-to-15-million-convertible-promissory-notes-and-50-million-standby-equity-purchase-agreement-302325234.html SOURCE Baijiayun Group Ltd
Former President delivered the keynote address at the 2024 Obama Democracy Forum on Thursday night in Chicago. This year’s theme was “pluralism.” In classic Obama style, he illustrated the concept with homey examples like a church and a mosque agreeing to share a parking lot. The kind of “pluralism” that seemed to most interest him, though, was that of divergent political factions that can “form coalitions, compete for support and elect representatives who will then go and negotiate and compromise and hopefully advance our interests.” He studiously avoided saying the name of the president-elect, but the presence of hung over the whole event like a particularly grotesque balloon at a . Obama’s remarks celebrating the way flourishing liberal democracies are supposed to work, in the context of , are a vivid reminder that in the United States of America today, the machinery isn’t exactly humming along in perfect order. Obama’s characteristic rhetorical virtues were on full display. He was a constitutional law professor before he was a politician, and he still sounds like one. At the same time, he was a once-in-a-generation talent as a political communicator. He knows how to convey a complex set of ideas in a digestible and appealing way. But there was a massive gaping hole at the center of his speech. He still doesn’t understand why his eight years in power culminated in the rise of Trump. Despite his considerable talents, his brand of centrist liberalism is fundamentally inadequate to the historical moment in which he now finds himself. And his speech in Chicago offered nothing but more of the same. In Obama's telling of the story of America’s experiment in political pluralism, the system worked pretty smoothly in the 20th century, but all wasn’t well beneath the surface. “Democracy,” he said, “was built on top of a deeply entrenched caste system — formal and informal, based on race and gender and class and sexual orientation.” One at a time, various marginalized and underrepresented groups got a “seat at the table.” When this happened, pluralism became far more difficult, because the political conflicts exposed by this enriching of our democracy went deeper than the old “fights about roads and taxes.” But if pluralism is now more challenging, he suggested, it’s therefore become that much more urgent. The word “inequality” appeared exactly twice in the nearly 5,000 words of Obama’s speech. One reference was too vague for it to be clear who exactly was “unequal” to whom. The other specified that he was thinking of the inequalities between “urban” and “rural” populations and “knowledge workers” and those who work with their hands. These are certainly real forms of economic imbalance. But the income gap between an office worker in a city and a rural manual laborer is a rounding error on the scale of the inequality between any of these people and, say, Capital One CEO Richard Fairbank, whose annual salary is in the tens of millions, and whose net worth seems to hover over a billion. To put that number in perspective, if we imagine an immortal vampire crossing the ocean with Christopher Columbus in 1492 and somehow earning the exact equivalent of one thousand dollars every day since then, the vampire would have only about $194 million today. (As one of the Obama Democracy Forum’s sponsors, the Capital One logo regularly appeared on the livestream’s lower-third graphics.) It should go without saying that the small number of Americans with that kind of wealth have a tremendously concentrated amount of power in the economic domain, where they can gain or forfeit power over the lives of vast numbers of employees by buying and selling companies, as well as far more political influence than ordinary citizens. This kind of inequality, though, seems to be entirely outside of Obama’s sphere of concern. Even the use of the word “class” in the phrase “race and gender and class and sexual orientation” is highly telling. The kind of centrist liberalism represented by Obama sees social justice in terms of making sure that the best and brightest members of each demographic group have an equal shot at rising to the top of society, where they can become CEOs themselves, or become politicians and participate in the process he rhapsodized about earlier, whereby bright and competent technocrats “negotiate and compromise and hopefully advance our interests.” When “class” is simply one more item on this list of identity characteristics, it’s clear that he’s talking about making sure that particularly bright and deserving individuals from working-class backgrounds can rise to the top. He’s not interested in giving the working class as a whole more structural power in our economy or our society. In other words, this is the same old centrism. Obama’s version of “pluralism” has always been integral to his message. He first came to national prominence with his speech at the 2004 Democratic National Convention, where he charismatically spoke about how we should resist the efforts of pundits to “slice-and-dice our country into Red States and Blue States” rather than seeing us simply as the United States. His message has always been anti-polarization. As president, Obama did get an incremental form of health care reform through Congress — the Affordable Care Act, aka “Obamacare” — but it was one that preserved the fundamental injustices of the system. Many Americans stay in jobs they hate for fear of losing their employer health insurance. Others don’t have insurance at all, which sometimes leads to grisly outcomes like diabetics dying when they try to ration out their insulin. And even those lucky enough to be insured often are often faced with a bureaucratic nightmare when they have medical emergencies. For-profit insurance companies have every incentive to “Delay, Deny and Defend” when clients make claims. This phrase is the title of a 2010 book on the industry by Rutgers law professor Jay Feinman. And the words “delay,” “deny,” and “depose” were reportedly written on the casings of the bullets found at scene where UnitedHealthcare CEO Brian Thompson was killed in New York the day before Obama’s speech. If you want an indication of whether the reforms in Obamacare were sufficient to allay ordinary Americans’ anger about our health care system, look no further than the online reactions to that shocking act of violence. During Obama’s eight years in power, America’s wars in the Middle East ground slowly onward. This was a crucial factor in the rise of Trump, who was able to (deceptively) market himself as “anti-war.” And on the economic front, Obama continued George W. Bush’s policy of bailing out “too big to fail” banks while leaving homeowners who lost their houses in the 2008 crash underwater. He oversaw eight years of mounting economic inequality. Those eight years saw flashes of left-wing populist outrage like Occupy Wall Street and the first Bernie Sanders campaign. These were handily defeated by the powers-that-be, though, from the NYPD clearing the protesters from Zuccotti Park to the Democratic Party quelling the Sanders insurgency. And at the end of the day there was nowhere for all that populist energy to go but Trump. Obama’s liberalism is far more concerned with shattering glass ceilings for deserving strivers than raising the floor of material security for everyone. And that’s exactly the kind of liberalism that failed the first time — so spectacularly that a grotesque pseudo-populist demagogue was Obama’s immediate successor. Now Obama’s vice president, Joe Biden, is running out the clock on his presidency, and Trump is returning to power, this time with far more working-class support. Meanwhile, more than a few Americans have despaired so thoroughly of fixing our society through politics that they’re willing to cheer for an assassin murdering a health care CEO in broad daylight on the streets of Manhattan. We urgently need a far better response to the current crisis than anything the dominant faction of the Democratic Party is offering. And the first step is to stop listening to Barack Obama.There are three games featuring a ranked team on Thursday’s college basketball slate. Watch women’s college basketball, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up for a free trial. Catch tons of live women’s college basketball , plus original programming, with ESPN+ or the Disney Bundle.Biden is considering preemptive pardons for officials and allies before Trump takes office
Nebraska plans not to get caught sleeping vs. South DakotaNYC's Mayor Warms to Trump and Doesn't Rule Out Becoming a RepublicanEagle Mountain-Saginaw ISD will ring in 2025 with a new superintendent. Trustees unanimously approved Dec. 2 the hiring of longtime educator Jerry Hollingsworth as the northwest Fort Worth and Tarrant County school district’s next superintendent. He officially starts leading the district Jan. 1. He was given a two-year contract. “My family and I are honored to have the opportunity to serve the students, staff and families of Eagle Mountain-Saginaw ISD and get involved in the community,” Hollingsworth said in a statement. “We have already received such a warm welcome and we look forward to calling EMS ISD our home.” Hollingsworth’s hiring came after a state mandated 21-day waiting period that ended Nov. 25. The school board named Hollingsworth as lone finalist for superintendent on Nov. 4. Hollingsworth will earn an annual salary of $315,000, according to his contract. Get essential daily news for the Fort Worth area. Sign up for insightful, in-depth stories — completely free. Hollingsworth will succeed retiring Superintendent Jim Chadwell , who is leaving education after more than 30 years, nearly half of which he spent leading Eagle Mountain-Saginaw ISD. The two leaders will work together during a transition period. “Dr. Hollingsworth has a proven track record as a collaborative leader focused on building culture that supports student growth and achievement, staff resources and well-being, and opportunities for family engagement,” school board President Marilyn Tolbert said in November. Chadwell will become superintendent emeritus Jan. 1 and assist Hollingsworth during the first month of his superintendency. Chadwell will retire Jan. 31. Hollingsworth has led Waxahachie ISD, about an hour south of Fort Worth, since 2021. He previously was superintendent of Bandera ISD near San Antonio for three years. The incoming superintendent started his more than three-decades-long career in education as a U.S. government and Spanish teacher in Tarrant County’s Hurst-Euless-Bedford ISD. He later moved into campus and district administrator positions in Grapevine-Colleyville ISD. Hollingsworth earned his bachelor’s degree from Texas Christian University and later received his master’s and doctorate degrees from the University of North Texas. Jacob Sanchez is a senior education reporter for the Fort Worth Report. Contact him at jacob.sanchez@fortworthreport.org or @_jacob_sanchez . At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here . Triple your impact today! It’s # GivingTuesday ! Today only, all donations to our nonprofit newsroom will be TRIPLED. 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Our stories may appear on pages with ads, but not ads specifically sold against our stories. You can’t sell or syndicate our stories. You can only publish select stories individually — not as a collection. Any web site our stories appear on must include a contact for your organization. If you share our stories on social media, please tag us in your posts using @FortWorthReport on Facebook and @FortWorthReport on Twitter. by Jacob Sanchez, Fort Worth Report December 3, 2024