Latest news with #Wolfpack
Malaysian Reserve
6 days ago
- Business
- Malaysian Reserve
CTO Realty Growth, Inc. (CTO) Shares Decline Amid Wolfpack Report- Hagens Berman
CTO Investors with Losses Encouraged to Contact Hagens Berman SAN FRANCISCO, June 26, 2025 /PRNewswire/ — On June 25, 2025 investors in CTO Realty Growth, Inc. (NYSE: CTO) saw the price of their shares significantly decline after Wolfpack Research published CTO: The B. Riley Of REITS, accusing CTO of misleading investors about its dividend sustainability and engaging in dubious financial activities. This report has prompted national shareholders rights firm Hagens Berman to open an investigation into the allegations and whether CTO may have violated the securities laws. The firm urges CTO investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys. Visit: Contact the Firm Now: CTO@ 844-916-0895 CTO Realty Growth, Inc. (CTO) Investigation: CTO represents itself as a 'self-managed equity REIT that focuses on the ownership, management, and repositioning of high-quality retail and mixed-use properties[.]' The investigation is focused on the propriety of CTO's assurances to investors that it adheres to applicable accounting rules and its use of certain non-GAAP accounting metrics. CTO's statements may have come into question on June 25, 2025, when Wolfpack published its report based, in part, on interviews with former employees and whistleblowers, in which it accuses CTO's management team of: '[L]ying to investors about the sustainability of their dividend while enriching themselves[;]' and '[E]ngag[ing] in accounting shenanigans like using a sham loan to cover up a top tenant's failure.' In contrast to CTO's assurances of 'high-quality retail and mixed-use' exposures, Wolfpack identified a subset of CTO properties in extreme financial distress and concluded that CTO is focused on buying and managing aging shopping centers, has not generated sufficient cash to pay its recurring capex, and relies on dilution to cover a $38 million dividend shortfall. The 'linchpin of management's deception,' according to Wolfpack, is its 'manipulative definition of Adjusted Funds From Operation (AFFO) where they exclude recurring capex, unlike all of their self-identified shopping center REIT peers[]' and management 'uses the same non-GAAP metric for 70% of its performance pay, inflating $8 million in bonuses we think they never should have received[.]' 'We're investigating whether CTO may have misled investors about the quality of its real estate portfolio, the reported asset values, and/or the propriety of its use of AFFO,' said Reed Kathrein, the Hagens Berman partner leading the investigation. If you invested in CTO Realty Growth and have substantial losses, or have knowledge that may assist the firm's investigation, submit your losses now » If you'd like more information and answers to frequently asked questions about the CTO investigation, read more » Whistleblowers: Persons with non-public information regarding CTO Realty Growth should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email CTO@ About Hagens BermanHagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at Follow the firm for updates and news at @ClassActionLaw.
South Wales Argus
25-06-2025
- Sport
- South Wales Argus
Rajecki has no regrets after Wimbledon Qualifying loss
The Nottingham native went the distance against Iryna Shymanovich but was unable to find a way past the Belarusian, falling to a 7-6(6) 7-6(2) defeat in Roehampton But while Rajecki will now have to wait another year before another shot at reaching the lawns of nearby SW19, the 23-year-old admitted she had fun all the same. 'It was tough,' said Rajecki. 'I served well in the whole match I felt and I had chances, which is a shame when you come off the wrong end and you don't get to take them.' 'She's a very experienced player and it was fine margins. The breaker was 8-6 in the first set but that experience in big moments and knowing what to do and going for it made the difference. 'I was hesitant as well with pressure and it did get to me in the second set. Experience is a massive influence on these things. 'It's my second time playing Grand Slam qualifying. It's a new experience every time and it's a learning curve and I'm glad I was able to go out there, play some good tennis and enjoy myself.' Nottingham-born Rajecki developed her tennis in the collegiate system in the United States, completing a four-year stint in North Carolina before graduating last year. Though no longer a member of the Wolfpack, it is there that the 23-year-old will return to the drawing board, with Rajecki hoping to draw of her friends and colleagues overseas to return to winning ways. She added: 'Being in the US helped me massively. At 18, I wasn't ready to play professionally and I spent four years there working on my game and myself. 'It's very different to the professional level because you know you're playing every week. It helped as well being in a team and being able to support each other and go to each for help. On the professional tour, it's different because it's just you. 'In America, the mindset and lifestyle is very different to here and I thrived from that because there are a lot of good players out there and you're in a situation where if you're ranked pretty high, the pressure is on you every match and it was something I was able to get used to. 'I was able to work on myself without worrying about what anyone else is thinking and knowing what I wanted to do so that when I did come back, I could put it into practice.' For the latest action on the British summer grass court season, check out the LTA website
Yahoo
25-06-2025
- Sport
- Yahoo
Amelia Rajecki has no regrets despite Wimbledon Qualifying defeat
Amelia Rajecki revealed she has no regrets despite defeat in the first round of Wimbledon Qualifying. The Nottingham native went the distance against Iryna Shymanovich but was unable to find a way past the Belarusian, falling to a 7-6(6) 7-6(2) defeat in Roehampton Advertisement But while Rajecki will now have to wait another year before another shot at reaching the lawns of nearby SW19, the 23-year-old admitted she had fun all the same. 'It was tough,' said Rajecki. 'I served well in the whole match I felt and I had chances, which is a shame when you come off the wrong end and you don't get to take them.' 'She's a very experienced player and it was fine margins. The breaker was 8-6 in the first set but that experience in big moments and knowing what to do and going for it made the difference. 'I was hesitant as well with pressure and it did get to me in the second set. Experience is a massive influence on these things. Advertisement 'It's my second time playing Grand Slam qualifying. It's a new experience every time and it's a learning curve and I'm glad I was able to go out there, play some good tennis and enjoy myself.' Nottingham-born Rajecki developed her tennis in the collegiate system in the United States, completing a four-year stint in North Carolina before graduating last year. Though no longer a member of the Wolfpack, it is there that the 23-year-old will return to the drawing board, with Rajecki hoping to draw of her friends and colleagues overseas to return to winning ways. She added: 'Being in the US helped me massively. At 18, I wasn't ready to play professionally and I spent four years there working on my game and myself. Advertisement 'It's very different to the professional level because you know you're playing every week. It helped as well being in a team and being able to support each other and go to each for help. On the professional tour, it's different because it's just you. 'In America, the mindset and lifestyle is very different to here and I thrived from that because there are a lot of good players out there and you're in a situation where if you're ranked pretty high, the pressure is on you every match and it was something I was able to get used to. 'I was able to work on myself without worrying about what anyone else is thinking and knowing what I wanted to do so that when I did come back, I could put it into practice.' For the latest action on the British summer grass court season, check out the LTA website
Associated Press
24-06-2025
- Business
- Associated Press
How NIL money is reshaping the NBA draft: Fewer early entrants, more college stars staying put
Will Wade's work building N.C. State into an immediate winner included the pursuit of an entrant in the NBA draft, just in case he returned to college. It wasn't a huge risk: With all the cash flowing in college, the number of early entrants to the NBA draft has continued to shrink. This year's draft starts Wednesday night with its lowest total of those prospects in at least 10 years. 'Now you can play the long game a little bit more,' Wade told The Associated Press, referring to how college players can look at their futures. 'Look, I can get paid the same I would get paid in the G League, the same I would get paid on a two-way (contract), some guys are getting first-round money.' And more money is on the way. It's been four years since college athletes were permitted to profit off the use of their name, image and likeness (NIL), opening the door for athlete compensation that was once forbidden by NCAA rules. Next week, on July 1, marks the official start of revenue sharing where schools can begin directly paying athletes following the $2.8 billion House antitrust settlement. For Wade, that led to signing Texas Tech's Darrion Williams after 247sports' fifth-ranked transfer withdrew from the draft. 'Basically now if you're an early entry and you're not a top-20, top-22 pick — where the money slots — you can pretty much make that in college,' the new Wolfpack coach said. It's all part of a seismic change that has rippled through college athletics since the pandemic, its impact touching the NBA. Players willing to 'test the waters' in the draft before returning to school now have a lucrative option to consider against uncertain pro prospects. And it shows in the numbers. 'With all the money that's being thrown around in NIL, you're having a lot less players put their names in,' Detroit Pistons president of basketball operations Trajan Langdon said. 'You're having pretty good players pulling their names out.' Declining number of early entrants This year's drop is significant when compared to the years before anyone had heard of COVID-19. There was a spike of college players jumping into the draft in the pandemic's aftermath, when they were granted a free eligibility year to temporarily make even a fourth-year senior an 'early' entrant. But those numbers had fallen as those five-year players cycled out of college basketball, and they're now below pre-pandemic levels. That decline coincides with NIL's July 2021 arrival, from athletes doing paid appearances or social-media endorsements to boosters forming collectives offering NIL packages amounting to de facto salaries. As a result: — Eighty-two players appeared on the NBA's list of early entrants primarily from American colleges with a smattering of other teams, down 49% from 2024 (162) and nearly 47% compared to the four-year average from 2016-19 (153.5); — Thirty-two remained after withdrawal deadlines, down from 62 last year and 72.0 from 2016-19; — Adding international prospects, 109 players declared for the draft, down from 201 last year and 205.0 from 2016-19; — And only 46 remained, down from 77 in 2024 and 83.8 from 2016-19. More college players weighing options Duke coach Jon Scheyer understands draft dynamics, both for no-doubt headliners and prospects facing less clarity. He sees college athlete compensation as a 'legitimate gamechanger.' 'Hopefully it allows players to decide what's truly best for their game,' Scheyer told the AP. 'It allows them to analyze: 'Am I actually ready for this or not?' Where money doesn't have to be the deciding factor. Because if money's the deciding factor, that's why you see kids not stick. The NBA's cutthroat. It just is.' The Blue Devils are expected to have three players selected in the first-round Wednesday, including presumptive No. 1 pick Cooper Flagg alongside top-10 prospects Kon Knueppel and Khaman Maluach. They also had players sorting through draft decisions. Freshman Isaiah Evans — a slender wing with explosive scoring potential — withdrew instead of chasing first-round status through the draft process. Incoming transfer Cedric Coward from Washington State rapidly rose draft boards after the combine and remained in the draft. 'There's no substituting the money you're going to make if you're a top-15, top-20 pick,' said Scheyer, entering Year 4 as successor to retired Hall of Famer Mike Krzyzewski. 'But if you're not solidified as a first-round pick, why risk it when you can have a solid year and a chance to go up or be in the same position the following season?' College compensation is re-shaping the draft pool Langdon, himself a former Duke first-rounder, sees that evolution, too. His Pistons had their first playoff appearance since 2019, but lack a first-round selection and own a single pick in Thursday's second round. Fewer candidates could make the already imperfect science of drafting even trickier in this new reality. According to the NBA's 2024-25 rookie scale, a player going midway through the first round would make roughly $3.5 million in first-year salary. That figure would drop to about $2.8 million at pick No. 20, $2.3 million at No. 25 and $2.1 million with the 30th and final first-round draftee. A minimum first-year NBA salary? Roughly $1.2 million. 'These NIL packages are starting to get up to $3 to $4 to $5 to $6 million dollars,' Langdon said. 'These guys are not going to put their name in to be the 25th pick, or even the 18th pick. They are going to go back to school in hopes of being a lottery pick next year. With that pool of players decreasing, it kind of decreases the odds of the level of player we get at No. 37, just the pure mathematics.' Current NBA players offer insight Indiana Pacers big man Thomas Bryant and Oklahoma City Thunder counterpart Isaiah Hartenstein, who both played in the seven-game NBA Finals that ended Sunday, illustrate Langdon's point. They were back-to-back second-rounders in 2017 (Bryant at 42, Hartenstein at 43), pushed down a draft board featuring early-entry college players in 33 of the 41 picks before them. Bryant played two college seasons at Indiana before stints with five NBA teams, including Denver's 2023 championship squad. Would the ability to make college money have changed his journey? 'To be honest, I see it from both sides,' Bryant said. 'If you're not going to get drafted, you understand that a kid needs money to live in college and everything. So, I understand where they're coming from on that end. 'But for me, I took the chance. I bet on myself, and I believed in myself, and I worked to the very end. And the thing about me is that if I went down, I was going down swinging. I hang my hat on that. For some, it might not be the same case.' The American-born Hartenstein moved to Germany at 11 and played in Lithuania before being drafted. As he put it: 'I think everyone's journey is different.' 'I think you should have the right people around you to kind of guide you,' said Hartenstein, a newly minted NBA champion. 'I mean, I was lucky that my dad, who was a professional before, kind of guided me. Depending on your circumstances, it's hard to turn down guaranteed money. If there's an opportunity to get in a good situation in the NBA, you do that. But it's a hard decision.' College now can be more of an allure At N.C. State, Wade's pitch to Williams included a leading role and a shot at boosting his draft stock. The 6-foot-6 junior averaged 15.1 points with multiple big NCAA Tournament performances as the Red Raiders reached the Elite Eight, nearly beating eventual champion Florida. 'He was most likely going to be a second-round draft pick, and his package here is better than probably he would've gotten as a second-round pick,' Wade said, adding: 'We certainly talked about that. We went over that. We went over the math of everything. We went over the plan on how to accomplish that.' That's not to say it's easy at the college level in this new landscape. Roster management is tricky, including a balancing act of maintaining financial resources to potentially land one player while risking missing out on others. 'It's the way life works, it's the way it should work,' Wade said. 'If there's no risk, there's no reward. The riskiest players, in terms of waiting on the money and waiting them out, are the best players. That's why they're in the draft process. We're not going to be scared of that.' Nor should he, not with the allure of campus life these days. ___ AP Basketball Writer Tim Reynolds and AP Sports Writer Larry Lage contributed to this report. ___ AP NBA:
Daily Mail
18-06-2025
- Sport
- Daily Mail
Fans stunned at 5-foot-5, 270lb pro football player as video of him getting brutally tackled goes viral
An arena football kicker is going viral not because of a long field goal or a perfectly executed punt. Instead, it's because this kicker isn't your prototypical football player. Nestor 'Manny' Higuera plays for the Washington Wolfpack in the Arena Football 1 league and has gained notoriety for more than just his athletic abilities. That's because Higuera stands at 5-foot-5 and weighs 270 pounds. Those dimensions are not typically seen on a football field - and especially not on a kicker's frame. Yet, Higuera has managed to carve out a niche in professional football and has done well for himself. Higuera was filmed completing a punt for the Wolfpack in their lopsided 98-12 loss on Saturday and that spread across social media. Units are kickers too — Coach Duggs (@CoachDuggs) June 16, 2025 AF1 kicker Manny Higuera has gone viral again, but not for a stellar field goal or punt This isn't the first time that Higuera has gone viral. Back in 2021, he nailed a 46-yard game-winning field goal for NAIA-level Arizona Christian University to win their conference championship. Higuera began playing soccer growing up in Arizona when his high school's football coach offered him a spot on the team. 'When I first started, the farthest kick I kicked was like 55 (yards),' Higuera said in an appearance on The Pat McAfee Show on the back of his first viral moment years ago. 'I knew I always had the leg strength from soccer. On goal kicks, I could hit it three-fourths of the field. 'If I made good contact, I would put the ball like 10 yards away from the 18-yard box on the other side. So I always knew I had the power and the leg strength for it. 'But switching to football was a little difficult. After I got the hang of it, I was just able to kick and put the ball far.' Higuera attended kicking camps to hone his skills, leading to a successful college career where he went 20-for-24 on field goals and 67-for-72 on PATs. That led to the AF1, where he's scored 40 total points across 12 games played.
