Press Corporation Limited (PCL.mw) HY2008 Interim Report

first_imgPress Corporation Limited (PCL.mw) listed on the Malawi Stock Exchange under the Industrial holding sector has released it’s 2008 interim results for the half year.For more information about Press Corporation Limited (PCL.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the Press Corporation Limited (PCL.mw) company page on AfricanFinancials.Document: Press Corporation Limited (PCL.mw)  2008 interim results for the half year.Company ProfilePress Corporation Limited is the largest holding company in Malawi; with vested interests in real estate, energy, food and beverages, consumer goods, financial services and telecommunications. The highly diversified company has stakes in 13 companies in Malawi made up of 8 subsidiaries, 4 joint ventures and one associate. Well-known brands in its portfolio include: National Bank of Malawi in the financial services sector, Malawi Telecommunications Limited and Telekom Networks Limited in the telecommunication sector, Ethanol Company Limited and Presscane Limited in the energy sector, People’s Trading Centre Limited in the consumer goods sector, Press Properties Limited and Manzini Limited in the property investment and development sector, and The Foods Company in the food manufacturing sector. Press Corporation Limited is listed on the Malawi Stock Exchangelast_img read more

Medtech Holdings Limited (MMDZ.zw) 2013 Abridged Report

first_imgMedtech Holdings Limited (MMDZ.zw) listed on the Zimbabwe Stock Exchange under the Pharmaceuticals sector has released it’s 2013 abridged results.For more information about Medtech Holdings Limited (MMDZ.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Medtech Holdings Limited (MMDZ.zw) company page on AfricanFinancials.Document: Medtech Holdings Limited (MMDZ.zw)  2013 abridged results.Company ProfileMedTech Holdings is a manufacturing, retail, distribution and services company in Zimbabwe. The company operates in three market segments; fast-moving consumer goods, medical supplies and manufacturing of light industrial products. The FMCG division manufactures and markets personal care products, and the medical division produces pharmaceutical products for the wholesale distribution to retail pharmacies. It also supplies products for laboratories and services education and healthcare institutions. MedTech has retail outlets in Harare and Bulawayo, and a manufacturing plant the produces petroleum jelly and glycerin, health, beauty and personal hygiene products and over-the-counter pharmaceutical products for the local Zimbabwe market aswell as for export to Mozambique and Zambia through its subsidiary Baines Imaging Group. MedTech Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

Delta Corporation Limited (DLTA.zw) 2018 Annual Report

first_imgDelta Corporation Limited (DLTA.zw) listed on the Zimbabwe Stock Exchange under the Beverages sector has released it’s 2018 annual report.For more information about Delta Corporation Limited (DLTA.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Delta Corporation Limited (DLTA.zw) company page on AfricanFinancials.Document: Delta Corporation Limited (DLTA.zw)  2018 annual report.Company ProfileDelta Corporation Limited manufacturers and markets international and locally-produced beverages in Zimbabwe. It operates in four segments: non-alcoholic beverages, sparkling beverages, lager beers and traditional beers. Brands in its non-alcoholic range are a flavoured maize drink called Shumba Maheu, and a flavoured drinking yoghurt called Supersip Yogurt. The sparkling beverages division operates two bottling plants and one canning plant; bottling and distributing popular cool drink brands sold worldwide by the Coca-Cola Company, a range of drink mixes and an energy drink called Burn. The lager beer division operates two breweries; bottling and distributing international brands such as Castle Lite, Miller’s, Peroni, Redds, Brutal Fruit and Sarita. Delta Corporation Limited has a monopoly in the traditional beer market in Zimbabwe with 14 breweries located across the country; brewing and distributing a well-known sorghum beer brand called Chibuku. Other subsidiaries have interests in transport and logistics, barley and sorghum malting, food processing, packaging, retailing wines and spirits, recycling, tin can production and leadership training. Delta Corporation Limited is listed on the Zimbabwe Stock Exchangelast_img read more

The E.D.G.E / Revelations Architects

first_img Houses Projects The E.D.G.E / Revelations ArchitectsSave this projectSaveThe E.D.G.E / Revelations Architects United States “COPY” Architects: Revelations Architects Area Area of this architecture project ArchDaily Photographs:  Dan HoffmanText description provided by the architects. Frustrated by the floundering American housing market, Revelations Architects developed the E.D.G.E.(Experimental Dwelling for a Greener Environment). This experimental minimalist structure aims to meet basic human needs while still providing a qualitatively rich life. William Yudchitz, the architect, sees the E.D.G.E. as a launching point and educational tool to transform today’s values and the way we create our homes. Save this picture!© Dan HoffmanRecommended ProductsWoodBruagBalcony BalustradesWoodGustafsWood Veneered Wall & Ceiling PanelsFiber Cements / CementsDuctal®Ductal® Cladding Panels (EU)WoodTechnowoodPergola SystemsIn the last few decades the average size of a house in the United States has increased dramatically. Stylistically, nostalgic versions of faux-history and borrowed typologies from other regions are the norm. In an effort to reverse this trend Revelations Architects focused on what they felt were the basic functions of life: eating, bathing, sleeping and communal fellowshipping. Save this picture!© Dan HoffmanThe resulting structure explores regional materials and a new formal typology derived from climate, ecological, cultural, economic, and constructional influences. The construction logic started with the idea of two prefabricated boxes at each end of the building that held the mechanical systems for the house. These boxes were separated then woven together by walls of glass and covered by a simple flat roof structure setting up an organizational logic for optimal construction economy. Save this picture!© Dan HoffmanTo test their concept, Revelations Architects/Building Corporation sought reactions from a number of people, and decided to exhibit the E.D.G.E. in June 2009, at the 20th annual Midwest Renewable Energy Association Fair in Custer, Wisconsin. The structure needed to be partially prefabricated to provide quality, an affordable price, and speed in assembly and dismantling. This worked well with their design, making modules of mechanical areas such as the kitchen and bathroom. To accomplish this goal they needed to build the structure in their office parking lot, pre-building the structure & insulated doors. Everything that had been fabricated, was disassembled, moved, and reassembled at the fair. Save this picture!© Dan HoffmanThe size of the dwelling was critically examined, but the spaciousness of the structure belies its minimal 340 sqf footprint. Sectional issues and details were studied in three dimensions to ensure maximum utilization of the minimal space, while maintaining a sense of openness. The furniture is an integral part of the architecture constructed of the same materials as the interior: specifically designed to optimize the space, offering maximum flexibility, meeting the basic functions. The central space can easily be reconfigured to facilitate eating, sleeping, or communal living by reconfiguring the transforming furniture. The result is a hybrid of traditional craft and digital fabrication. Much of the wood interior was CNC cut, as was the furniture. The pre-cut pieces enabled rapid construction at a fraction the cost of traditional methods. Save this picture!© Dan HoffmanApproximately 7,000 fairgoers toured this experimental dwelling. Reactions ranged from “It’s about time that somebody did this, isn’t it great”, to “I could never live in it”. Most people did go away asking the question, “Can I really live in the E.D.G.E.” After the fair the E.D.G.E was disassembled, moved, and reconstructed on a sloping site in northern Wisconsin overlooking Lake Superior. The extensive glazing is oriented to take advantage of the views of Chequamegon Bay to the South and the forest to the North. The orientation also allows for optimal passive solar orientation, while the kinetic insulating doors restrict heat loss. Save this picture!© Dan HoffmanThe E.D.G.E. was glad to get a real foundation after living its early life on temporary concrete blocks. The deep radiant floor heating consists of 4 inches of extruded foam insulation and pec’s pipe covered with 12” of sand creating a heat sink, before pouring a 4” concrete slab. A ground source geothermal heat pump was installed for the HVAC energy source.Save this picture!AxonProject gallerySee allShow lessThomas Phifer and PartnersArticlesIn Progress: Sunset Park Materials Recycling Facility / Selldorf ArchitectsArticles Share Save this picture!© Dan Hoffman+ 16 Share Photographs “COPY” Year:  Area:  340 ft² Year Completion year of this architecture project 2009 ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/115140/the-e-d-g-e-revelations-architects Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/115140/the-e-d-g-e-revelations-architects Clipboard The E.D.G.E / Revelations Architects CopyHouses•Bayfield, United States CopyAbout this officeRevelations ArchitectsOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousesBayfieldUnited StatesPublished on February 25, 2011Cite: “The E.D.G.E / Revelations Architects” 25 Feb 2011. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogFaucetshansgroheKitchen MixersGlass3MGlass Finish – FASARA™ GeometricPartitionsSkyfoldVertically Folding Operable Walls – Classic™ SeriesPlumbingSanifloMacerator – Saniaccess®3WoodBruagAcoustic Panels with LEDMetallicsSculptformClick-on Battens in Ivanhoe ApartmentsSkylightsVELUX CommercialLonglight 5-30° – Modular SkylightsTiles / Mosaic / GresiteLove TilesPorcelain Tiles – SplashAluminium CompositesMetawellAluminum Panels for Interior DesignMetal PanelsRHEINZINKPanel Systems – Horizontal PanelEducationalLamitechChalk boardCarpetsCarpet ConceptCarpet – Eco IquMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

The Boxes House / Luís Santiago Baptista, Tiago Leite de Araújo

first_img The Boxes House / Luís Santiago Baptista, Tiago Leite de Araújo Photographs Architects: Luís Santiago Baptista, Tiago Leite de Araújo Year Completion year of this architecture project Save this picture!© Fernando Guerra | FG+SG+ 31 Share Portugal The Boxes House / Luís Santiago Baptista, Tiago Leite de AraújoSave this projectSaveThe Boxes House / Luís Santiago Baptista, Tiago Leite de Araújo 2009 “COPY” Projects CopyAbout this officeLuís Santiago Baptista, Tiago Leite de AraújoOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesLisbonRefurbishmentHousesPortugalPublished on July 17, 2011Cite: “The Boxes House / Luís Santiago Baptista, Tiago Leite de Araújo” 17 Jul 2011. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogPartitionsSkyfoldIntegrating Operable Walls in a SpaceGlass3MSafety Window Films in Associated Watch and Jewelry BuyersFaucetshansgroheKitchen Mixers – Talis MWindowsAir-LuxSliding Windows for High-Rise BuildingsSignage / Display SystemsGoppionDisplay Case – B-ClassGlassLAMILUXGlass Roof PR60Manuals & AdviceSikaFirestop SystemsMetal PanelsAmerican MetalcraftRainscreen – RS300Curtain WallsRabel Aluminium SystemsMinimal Curtain Wall – Rabel 35000 Slim Super ThermalWaste Containers / Recycling BinsPunto DesignLitter Bin – PapilonSound BoothsFramerySoundproof Phone Booths – Framery OneCarpetsnanimarquinaRugs – ShadeMore products »Read commentsSave想阅读文章的中文版本吗?The Boxes House / Luís Santiago Baptista, Tiago Leite de Araújo是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamcenter_img Houses ArchDaily CopyHouses•Lisbon, Portugal “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/150505/the-boxes-house-luis-santiago-baptista-tiago-leite-de-araujo Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/150505/the-boxes-house-luis-santiago-baptista-tiago-leite-de-araujo Clipboard Photographs:  Fernando Guerra | FG+SGText description provided by the architects. The «boxes» house is a rehabilitation of a ground floor house, with a contiguous garden, located in Largo de Carnide in Lisbon, Portugal. The project reinterprets the idea of patio-house, both the Mediterranean vernacular typology and the Mies van der Rohe’s modern conception, and the informal domesticity and constructive simplicity of the Case Study Houses, that we found developed by Inaki Abalos in the idea of the “pragmatist house” in his book “The Good Life”. On the other hand, the existing urban context, the specific configuration of the house, and the new program required, demanded a conceptual research of the complex and ambiguous relations between interior and exterior.Save this picture!© Fernando Guerra | FG+SGInitially we tried an approach closer to the recovery of the existing building. But the abandoned and degraded condition of the building and the pre-existing spatial organization – central longitudinal corridor, with public areas facing the square to the North, and private and service areas facing the garden to the South – demanded a more hands-on approach. Reversing the previous logic of the internal spaces, the project redefined the whole interior, intensifying the relationship with the garden and the best exposure. The project subtracts a courtyard in the existing building and adds a glass pavilion in the garden, with an usable roof, allowing a more extended and fluid disposition of the public areas of the house. With this we achieved a good natural light and spatial openness in the existing house and an open and transparent relationship between the new living room and the garden. Save this picture!© Fernando Guerra | FG+SGThe functional organization is structured by the material boxes, that accommodate the private program, making the public space the negative of its placement in space. If, on the one hand, we developed a dynamic and flexible conception of space, through the use of mobile elements, on the other hand, we neutralized the transitional spaces between private and public areas – here reduced to the plane of the doors hidden in the boxes – stressing the sudden changes of environment through the differentiation of materials and the use of colour, somehow reminiscent of what we watched in The Cook, the thief, his wife and her lover by Peter Greenway.Save this picture!© Fernando Guerra | FG+SGProject gallerySee allShow lessHotel + Spa in Gdynia / Igor BrożynaArticlesTrimo Urban Crash 2011: Opening of the Winning Life StandArticles Share Year: last_img read more

Study Quantifies Ethanol’s Contribution to U.S. Economy

first_img SHARE Source: NAFB News service By Gary Truitt – Feb 18, 2014 Facebook Twitter Previous articleIndiana Farm Bureau Praises House Action on Senate Bill 186Next articleRaising Awareness this National FFA Week Gary Truitt SHARE Facebook Twitter A new study commissioned by the Renewable Fuels Association was unveiled at the National Ethanol Conference. The study examines the nationwide impact of the ethanol industry on job creation, the economy, household income and foreign oil displacement in 2013. According to the ABF Economics study – the 13.3-billion gallons of ethanol produced in 2013 created 86,503 jobs and sustained an additional 300,277 indirect and induced jobs. The ethanol industry contributed 44-billion dollars to America’s Gross Domestic Product – while adding 30.7-billion dollars to household incomes. In addition – the 13.3-billion gallons of ethanol displaced 476-million barrels of imported oil – saving Americans 48.2-billion dollars in oil imports – roughly 13-percent of last year’s expected crude oil and petroleum imports. Noting the continued fight against naysayers determined to end the Renewable Fuel Standard – Renewable Fuels Association President and CEO Bob Dinneen says these numbers should silence the opposition. He says the ethanol industry is clearly helping individuals, families, communities and our country. Managing Partner of ABF Economics John Urbanchuck says the ethanol industry continues to make a significant contribution to the economy and enhance the nation’s energy independence. He adds that the dollars spent on domestically produced ethanol instead of imported crude oil and petroleum products is money spent and reinvested in the American economy. Study Quantifies Ethanol’s Contribution to U.S. Economy Home Energy Study Quantifies Ethanol’s Contribution to U.S. Economy RFA also released its annual 2014 Ethanol Industry Outlook and 2014 Pocket Guide to Ethanol. The Outlook offers a comprehensive look at the ethanol industry today and is accompanied by the Pocket Guide – which presents a succinct industry overview. Again highlighting the misguided attacks on the RFS – Dinneen expressed there is a clear need to educate individuals and policy makers about the goals and successes of the policy. He says the 2014 Ethanol Industry Outlook and Pocket Guide to Ethanol are easy to understand resources that help explain the unique facets of the industry and underline the imminent need to protect the RFS. Visit www dot EthanolRFA dot org (www.EthanolRFA.org) to download a copy of these resources.[For the full ABF Economics study, click here:https://ethanolrfa.3cdn.net/813c483a4451ed5411_yxm6i6ov7.pdf]last_img read more

Open House Podcast Episode 3: Nicole Gorretta

first_imgTwitter Linkedin Previous articleWhat we’re reading: Bloomberg qualifies for primary debate, Trump pardons former 49ers ownerNext articleThe Leap 2/18/20 Noah Parker RELATED ARTICLESMORE FROM AUTHOR + posts TCU News Now 3/17/2021 2021 NFL Mock Draft (Part 1) Special printThanks for joining me for another episode of Open House. This week, I have announcements about our upcoming elections and a conversation with Sustainability Director Nicole Gorretta. TCU News Now 4/1/2021 Linkedin ReddIt Facebook Fort Worth’s first community fridge program helps serve vulnerable neighborhoods TCU News Now 2/10/2021 2020/21 NFL Exit Interviews – NFC West Despite projected results, key days still ahead in post-election process Noah Parkerhttps://www.tcu360.com/author/noah-parker/ Noah Parkerhttps://www.tcu360.com/author/noah-parker/ Noah Parkerhttps://www.tcu360.com/author/noah-parker/ Noah Parkerhttps://www.tcu360.com/author/noah-parker/ Facebook Noah Parker Twitter ReddItlast_img read more

Reporters Without Borders to create centre of operations for Haitian journalists

first_img January 15, 2010 – Updated on January 20, 2016 Reporters Without Borders to create centre of operations for Haitian journalists Another journalist murdered in Haiti News News It is impossible to locate survivors, organise relief and distribute aid without reliable news and information being relayed by functioning news media. The major relief operation being mounted by the international community in Haiti requires a similar effort on the part of the international media, which have a vital role to play.But the Haitian press has been devastated by the earthquake.Reporters Without Borders therefore intends to set up a centre of operations for Haitian journalists in Port-au-Prince in order to enable them to cover the situation and thereby assist the process of providing assistance to the population.Due to be operational by the start of next week, the centre will be equipped with laptops, mobile phones and generators provided by the leading Canadian media group Quebecor, Reporters Without Borders’ partner in this initiative.The president of the Canadian section of Reporters Without Borders, François Bugingo, will travel tomorrow to Port-au-Prince to evaluate short- and long-term needs. The Canadian embassy in Haiti has offered to house the emergency centre within its compound.The creation of this centre of operations will be followed by reconstruction assistance – again in partnership with Quebecor – for Haiti’s media, which are virtually all currently unable to function. This will be one of the targets of the donations raised by the appeal already issued by Reporters Without Borders.The press freedom organisation hopes to get news media in countries that are providing significant amounts of aid to Haiti, such as Canada, Brazil, the United States and France, to become financial and logistic sponsors of Haitian media that need rebuilding. News HaïtiAmericas October 11, 2019 Find out more to go further Violence against the press in Haiti: RSF and CPJ write to Minister of Justice Newscenter_img Organisation June 11, 2019 Find out more Journalist shot dead amid anti-government protests in Haiti Follow the news on Haïti Receive email alerts November 14, 2019 Find out more RSF_en Help by sharing this information HaïtiAmericas last_img read more

Slovak democracy needs a real investigation into Kuciak murder

first_img Help by sharing this information August 21, 2018 Slovak democracy needs a real investigation into Kuciak murder “We would need a miracle for the investigation into Ján Kuciak’s murder to reach a successful conclusion,” one of his colleagues told RSF. Despite constant calls by the couple’s families and supporters, the investigation has yet to produce any convincing results. Slovak democracy needs a real investigation into Kuciak murder No official measures have been taken in the past six months with the aim of strengthening press freedom and the situation of journalists continues to worsen, especially within the public radio and TV broadcaster RTVS, where political pressure has triggered a spate of departures. RSF and 60 other organisations call for an EU anti-SLAPP directive Reporters Without Borders (RSF) is alarmed by the situation in Slovakia six months after investigative reporter Ján Kuciak and his fiancée, Martina Kušnírová, were murdered in their home on 21 February. The investigation into their deaths has stalled and the promises to protect journalists have clearly been forgotten. June 2, 2021 Find out more In their opinion piece, entitled “We will not allow Ján and Martina to be forgotten,” the Slovak journalists point out that not only have government officials not changed since Kuciak’s murder but “the language they use when talking to and about journalists is even harsher now.” SlovakiaEurope – Central Asia Condemning abusesProtecting journalists ImpunityViolence Slovak premier visits RSF, encouraged to turn his country into “press freedom model for Europe” Slovakia has fallen sharply in RSF’s latest World Press Freedom Index and is now ranked 27th out of 180 countries. Kuciak’s murder has highlighted the many problems that its journalists face. Use the Digital Services Act to make democracy prevail over platform interests, RSF tells EU News News “Slovak democracy cannot dispense with a real, independent investigation,” RSF’s EU-Balkans desk said. “Those who killed Ján Kuciak and his partner must be identified and brought to justice. The continuing decline in the overall climate for the press in Slovakia is also very disturbing. The lack of progress in the investigation and the lack of a clear political will to enable Slovak journalists to work safely are becoming alarming.”center_img to go further Follow the news on Slovakia They also expressed concern about the lack of “ fundamental changes to the police or to the prosecutorial bodies after the murder,” as Kuciak’s articles had shed light on suspected links between organized crime and persons close to then Prime Minister Robert Fico.  Receive email alerts Worse still, many irregularities have been noted in the conduct of the case, to the point that in a joint opinion piece published on 17 August, more than 300 Slovak reporters and editors said they had “doubts about the independence of the investigation .” RSF_en SlovakiaEurope – Central Asia Condemning abusesProtecting journalists ImpunityViolence News Immediately after Kuciak’s murder, the police did take special measures to protect certain journalists. Police chief Tibor Gašpar said: “If you think an attack could happen, let us know so that we can take the necessary measures to guarantee your physical safety.” Organisation December 2, 2020 Find out more But the effects that followed these promises did not last. According to the information gathered by RSF, the past few months have seen a steady decline in the level of physical protection provided to journalists who had been threatened after Kuciak’s murder. February 4, 2021 Find out more Newslast_img read more

U.S. Supreme Court Resurrects Investors’ MBS Case Against Dutch Bank

first_img March 30, 2015 1,088 Views ING Mortgage-Backed Securities U.S. Supreme Court 2015-03-30 Brian Honea Previous: DS News Webcast: Tuesday 3/31/2015 Next: RoundPoint Expects Substantial MSR Purchase Growth to Continue in 2015 Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago U.S. Supreme Court Resurrects Investors’ MBS Case Against Dutch Bank  Print This Post Related Articles Tagged with: ING Mortgage-Backed Securities U.S. Supreme Court Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The U.S. Supreme Court on Monday overturned a decision by an appeals court and granted a writ of certiorari to investors of ING Group, allowing them to continue with their class action suit against ING that accuses the Dutch bank of withholding information about the riskiness of its mortgage-backed securities in the run-up to the financial crisis, according to media reports.ING’s investors originally sued the bank in February 2009, accusing the bank of misrepresenting the quality of mortgage-backed securities in June 2007, just a few months before the financial crisis hit. The investors blamed ING for the huge losses they incurred when the housing market crashed in 2008.In September 2010, a judge in the U.S. District Court for the Southern District New York dismissed most of the plaintiffs’ claims in the case, ruling that the statute of limitations expired and that the plaintiffs waited too long to sue, the reports said.The lower court’s decision was later upheld in the Second Circuit Court of Appeals in November 2013, claiming that a “reasonably diligent plaintiff” would not have waited so long to sue in the case, according to reports. The Second Circuit Court also ruled that the plaintiffs failed to plausibly allege that ING knowingly made false statements regarding the mortgage-backed securities when the disclosure was issued in September 2007.The attorneys for the plaintiff, Marshall Freidus, sought a certiorari starting in June 2014 on the basis that the ING case was similar to another one pending in the Supreme Court in which investors sued Omnicare over material misstatements made in investment documents. The Second and Sixth Circuit Courts were divided on how to determine liability for statements made regarding investment documents which turned out later to false. The Supreme Court ruled in that case on March 24, overturning the Sixth Circuit’s decision that held Omnicare executives were liable. But the high court also remanded the claim and ordered the lower court to evaluate opinions based on what a “reasonable” investor can expect.Attorneys representing the plaintiff and defendant did not immediately respond to a request for comment.The case in the U.S. Supreme Court is Marshall Freidus et al. v. ING Groep NV et al., case number 13-1505. Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save in Daily Dose, Featured, News, Secondary Market Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / U.S. Supreme Court Resurrects Investors’ MBS Case Against Dutch Bank Subscribelast_img read more