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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
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Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against First Republic Bank (FRC)

By: via Business Wire

Law Offices of Howard G. Smith reminds investors of the upcoming June 23, 2023 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased First Republic Bank (“First Republic” or the “Company”) (NYSE: FRC) securities between January 14, 2021 and March 14, 2023, inclusive (the “Class Period”).

Investors suffering losses on their First Republic investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On October 14, 2022, First Republic released its third quarter 2022 financial results, reporting a slowdown of the Company’s net interest income growth to 20.6% year-over-year and a net interest margin decrease to 2.71%. The Company explained that the decrease was due to “average funding costs increasing more rapidly than the offsetting increase in the average yields on interest-earning assets.” On this news, First Republic’s stock price fell $22.14, or 16.4%, to close at $112.59 per share on October 14, 2022, thereby injuring investors.

Then, following the collapse of SVB Financial Group (“SVB”) on March 10, 2023, First Republic investors began to question the Company’s ability to withstand the interest rate environment and remain solvent. In response, First Republic’s stock price fell $83.79, or 72.9%, to close at $31.21 per share on March 13, 2023.

Then, on March 13, 2023, several analysts downgraded their ratings of First Republic due to the risks of deposit outflows leading to increased funding costs, observing that the Company’s “funding and liquidity profile has changed and represents a ‘weakest link.’” On this news, First Republic’s stock price fell $8.47, or 21.4%, to close at $31.16 per share on March 15, 2023, thereby injuring investors further.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants misrepresented the strength of the Company’s balance sheet and liquidity position, while also understating the significant pressure rising interest rates posed to First Republic’s business model. Defendants also misrepresented the strength of the Company’s ability to deliver consistent results across different interest rate environments, the diversity of the Company’s deposit funding base, and the Company’s ability to generate net interest income growth and maintain stable net interest margin, and as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

If you purchased or otherwise acquired First Republic securities during the Class Period, you may move the Court no later than June 23, 2023 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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