Punitive damages hearing set for August 22nd following ruling that Edalat defrauded investors in Pharma Pak, Inc. and deliberately defamed Cahill 

BOSTON -Thursday, August 10th 2017 [ AETOS Wire ]

(BUSINESS WIRE)-- Boston-based law firm Markham & Read today announced that in the case of Bruce Cahill et. al. versus Paul Pejman Edalat et. al. (U.S. Federal Court Docket: 8:16-cv-00686), a federal jury has determined that Edalat deliberately acted with oppression, fraud or malice toward Cahill, the former CEO by of Pharma Pak, Inc. who claimed Edalat had launched a smear campaign against him on social media over a year-long period.

The jury issued an award of $600,000 in damages suffered by Cahill and ruled that Edalat is liable for punitive damages. A hearing will take place in U.S. District Court, Central District of California (Santa Ana division) on August 22nd to determine the extent of punitive damages.

The jury also found that Edalat ... Read more »

Company furthers investment in Latin America and expands Brazil footprint; Ribbon-cutting ceremony to include government authorities, clients, analysts and media

LAS VEGAS & SÃO PAULO -Thursday, August 10th 2017 [ AETOS Wire ]

(BUSINESS WIRE)-- Rimini Street, Inc., a global provider of enterprise software products and services, and the leading independent support provider for Oracle and SAP products, today announced the opening of its new Latin America headquarters in São Paulo, Brazil. This marks the Company’s next phase of growth in the region, which includes an increased focus on expanding enterprise support services and product offerings in Latin America due to strong demand for Rimini Street’s premium-level support. The Company’s new Latin America headquarters is located in the JK Iguatemi building on Av. Pres. Juscelino Kubitschek in São Paulo.

“From the time we first entered the Brazil market years ago, our offerings have be ... Read more »

NEW YORK-Thursday, August 10th 2017 [ AETOS Wire ]

(BUSINESS WIRE)-- Moody’s Corporation (NYSE: MCO) announced today that it has completed its acquisition of Bureau van Dijk, a global provider of business intelligence and company information. The acquisition strengthens Moody’s position as a leader in financial risk data and analytical insight.

Moody’s announced that it had agreed to acquire Bureau van Dijk on May 15, 2017 and, on July 28, 2017, that it had received clearance under the EU Merger Regulation from the European Commission.

Bureau van Dijk aggregates, standardizes and distributes one of the world’s most extensive private company datasets, with coverage exceeding 220 million companies. It has partnerships with more than 160 independent information providers, creating a platform that connects customers with data that addresses a wide range of business challenges. Bureau van Dijk’s solutions support the credit analysis, ... Read more »