Autor: venred

PHILADELPHIA, Jan. 22, 2021 /PRNewswire/ — In September 2020, the parties to litigation involving certain LG refrigerators announced a class action settlement. The details regarding the settlement, including a detailed description of the settlement and instructions on how to submit a claim form, are at www.LGFridgeSettlement.com. The District of New Jersey has now granted final approval of the settlement in Bentley, et al. v. LG Electronics U.S.A., Inc., No. 2:19-cv-13554-MCA-MAH (D.N.J.), and the settlement administrator, Angeion Group, LLC, is currently accepting claim forms.

The extended deadline to submit claims for cash relief for past cooling events is February 5, 2021.

The settlement applies to owners of certain models of LG refrigerators manufactured between January 1, 2014 and December 31, 2017 and resolves the claims that the refrigerators experience No-Cooling Events, and regarding LG’s warranty and repair service. LG Electronics denies the allegations but agreed to the settlement in the interest of customer satisfaction and to avoid further litigation costs.

Consumers can visit the Settlement Website, www.LGFridgeSettlement.com, or call the LG Settlement Toll-Free Number: (855) 918-4661, to obtain further details about the settlement, but must submit their claim for past losses by February 5, 2021. The Settlement Website includes the list of LG refrigerator models covered by the settlement, all relevant dates and deadlines, access to relevant court documents, and answers to frequently asked questions.

Claim Forms are available at and can be submitted to www.LGFridgeSettlement.com, or by email to Info@LGFridgeSettlement.com, or by mail to LG Fridge Settlement, Attn: Settlement Administrator, 1650 Arch Street, Suite 2210, Philadelphia, PA 19103.

For any questions, please visit www.LGFridgeSettlement.com or contact:

View original content:http://www.prnewswire.com/news-releases/angeion-group-deadlines-extended-for-refrigerator-class-action-settlement-301212955.html

SOURCE Angeion Group

FAIRFIELD, Iowa, Jan. 22, 2021 /PRNewswire-PRWeb/ — The hedge fund industry posted a second consecutive month of inflows in November, adding $14.0 billion in new assets during the month. November’s inflows marked a significant increase over the $5.2 billion in new assets the industry added in October.

November’s inflows represented 0.4% of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.

Coupled with a $134.4 billion monthly trading profit, total industry assets stood at more than $3.60 trillion as November ended.

Data from 6,900 funds in the BarclayHedge database showed Sector Specific funds setting the pace in November bringing in $6.2 billion, while Fixed Income funds added $4.7 billion.

«Investors looked beyond the immediate pandemic concerns and found cause for optimism in improved consumer sentiment and retail sales, upticks in some commodity prices, the strong economic recovery in China and record economic growth in the U.S. during the third quarter,» said Sol Waksman, president of BarclayHedge.

For the 12 months through November, the hedge fund industry experienced $100.1 billion in redemptions. A $149.1 billion trading profit over the period brought total industry assets to $3.60 trillion at the end of November, up from $3.41 trillion at the end of October and up from $3.17 trillion a year earlier.

Five hedge fund sectors experienced 12-month inflows through November. Leading the way were Sector Specific funds adding $31.7 billion, 17.4% of assets, and Event Driven funds with 12-month inflows of $7.1 billion, 4.1% of assets. Emerging Markets – Asia funds added $5.3 billion, 4.6% of assets, Convertible Arbitrage funds took in $5.1 billion, 24.6% of assets, and Emerging Markets – Latin America funds brought in $567.8 million, 4.8% of assets.

Equity Long/Short Funds reported the largest 12-month redemptions with $27.3 billion in outflows, 13.6% of assets. Macro Funds shed $22.5 billion, 11.3% of assets, over the period, Fixed Income funds saw $19.8 billion in redemptions, 3.1% of assets, and Equity Long Bias funds experienced $18.4 billion in outflows, 5.3% of assets.

Managed futures funds returned to inflows in November, bringing in $73.4 million in new assets. Three of four CTA sectors experienced inflows. Hybrid CTAs added $153.4 million, 1.7% of assets, Multi Advisor Futures Funds brought in $142.6 million, 1.4% of assets, and Discretionary CTAs saw $27.5 million in inflows, 0.2% of assets.

The lone managed futures sector posting net redemptions in November was Systematic CTAs with $107.5 million in outflows, a negligible amount of assets.

For the 12-month period through November, CTAs saw $8.0 billion in outflows, 2.6% of assets. A $12.7 billion trading loss over the period brought industry assets to $291.7 billion industry asset total at the end of the month, down from $310.2 billion a year earlier.

About Backstop Solutions

Backstop’s mission is to help the institutional investment industry use time to its fullest potential. We develop technology to simplify and streamline otherwise time-consuming tasks and processes, enabling our clients to quickly and easily access, share and manage the knowledge that’s critical to their day-to-day business success. Backstop provides its industry-leading cloud-based productivity suite to investment consultants, pensions, funds of funds, family offices, endowments, foundations, private equity, hedge funds and real estate investment firms.

BarclayHedge, a division of Backstop, currently maintains data on more than 6,900 hedge funds, funds of funds and CTAs. Institutional investors, brokerage firms and private banks worldwide utilize BarclayHedge indices as performance benchmarks for the hedge fund and managed futures industries.

Media Contact

Sol Waksman, BarclayHedge, a division of Backstop Solutions Group, (641) 472-3456, swaksman@barclayhedge.com

SOURCE BarclayHedge, a division of Backstop Solutions Group