Latest news with #LSPD
Yahoo
6 days ago
- Business
- Yahoo
Lightspeed Commerce Announces Settlement Agreement for Quebec Class Action
MONTREAL, June 16, 2025 /CNW/ - Lightspeed Commerce Inc., (NYSE: LSPD) (TSX: LSPD) ("Lightspeed" or the "Company"), the unified omnichannel platform powering ambitious retail and hospitality businesses in over 100 countries, today announced that it has reached an agreement in principle to resolve in full the proposed class action proceedings filed in Quebec.1 The settlement follows the recent dismissal of a parallel U.S. securities class action against the Company, where the court found the plaintiff's allegations to have no adequate legal basis. The settlement, which remains subject to the approval of the Superior Court of Quebec, purports to definitely settle and discharge all claims put forward on behalf of the proposed class members against the Company and the other defendants. As part of the settlement, the Company and the other settling defendants admit no liability and deny all allegations of wrongdoing whatsoever. "Lightspeed is in a moment of transformation, centering our business on strategic growth as we build a long-term profitable company for our customers and shareholders," explained Founder and CEO, Dax Dasilva. "Resolving this action means Lightspeed can remain focused on our transformation–concentrating on the markets where we have a proven right to win–and delivering exceptional experiences to our customers worldwide." The amount of the settlement is ~$8.09 million2. To learn more about Lightspeed, visit _________________________________ 1 Re-Re-Amended Motion for Authorization to Bring an Action Pursuant to Section 225.4 of the Québec Securities Act and Application for Authorization to Institute a Class Action. See court docket number 500-06-001164-215. 2 C$11 million converted into U.S. dollars using an exchange rate of 0.7354, being the daily rate of exchange posted by the Bank of Canada for conversion of Canadian dollars into U.S. dollars on June 13, 2025. About Lightspeed Lightspeed is the POS and payments platform powering businesses at the heart of communities in over 100 countries. As the partner of choice for ambitious retail and hospitality entrepreneurs, Lightspeed helps businesses accelerate growth, deliver exceptional customer experiences, and run smarter across all channels and locations. With fast, flexible omnichannel technology, Lightspeed brings together point of sale, ecommerce, embedded payments, inventory, reporting, staff and supplier management, financial services, and an exclusive wholesale retail network. Backed by insights, and expert support, Lightspeed helps businesses run more efficiently and focus on what they do best. Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD), with teams across North America, Europe, and Asia Pacific. Follow us on LinkedIn, Facebook, Instagram, YouTube, and X. Forward-Looking Statements This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws ("forward-looking statements"), including information regarding Lightspeed's pending and threatened litigation and settlement agreement. Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed's management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management's Discussion and Analysis of Financial Condition and Results of Operations, under "Risk Factors" in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR+ at and on EDGAR at Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed's subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise. View original content to download multimedia: SOURCE Lightspeed Commerce Inc. View original content to download multimedia: Sign in to access your portfolio
Yahoo
04-06-2025
- General
- Yahoo
Lee's Summit police officer injured in shooting released from hospital
KANSAS CITY, Mo. — A Lee's Summit police officer injured in a shooting late Sunday night has been released from the hospital. Lee's Summit Police Sgt. Chris Depue said Officer Jared Timbrook was shot Sunday evening while chasing a suspect on foot while responding to a domestic disturbance at an apartment complex. He was treated by fellow officers on scene and taken to an area trauma center. See the latest forecast, maps and radar for Kansas City 'Officer Timbrook was shot four times, his medical team did an amazing job of caring for him,' Depue said. Depue said Timbrook will continue his healing journey at home. 'On behalf of Officer Timbrook and his family along with the men and women of the LSPD, we are thankful for the amazing care that he received and the outpouring of support for him from this amazing community,' Depue aded. Timbrook has been with the police department for approximately 18 months. Thomas Eugene Tolbert, the man suspected of shooting Timbrook, was found and arrested in Ellis, Kansas early Tuesday morning. Ellis Police Chief Avery Smith said Tolbert received a ride from someone who didn't know Tolbert was wanted. He made it to a hotel about 300 miles west of the Kansas City metro area . Around 4:50 a.m., KBI agents, Ellis County Sheriff's Office deputies, and Hays Police Department officers arrived at the hotel and safely took Tolbert into custody, per KBI. Depue says the Blue Alert helped speed up the process of locating and arresting Tolbert. Download WDAF+ for Roku, Fire TV, Apple TV Tolbert was arrested on a Missouri warrant for first-degree assault, armed criminal action, unlawful possession of a firearm, resisting arrest or detention by fleeing, and second-degree domestic assault. The charges were filed Monday in Jackson County Circuit Court in connection to the shooting. Tolbert has been booked into the Ellis County jail, according to the KBI. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
02-06-2025
- General
- Yahoo
Man charged in shooting of Lee's Summit police officer
KANSAS CITY, Mo. — Jackson County prosecutors have filed charges against the 27-year-old man accused of . Jackson County Prosecutor Melesa Johnson announced Monday afternoon that Thomas E. Tolbert has been charged with first-degree assault, second-degree domestic assault, armed criminal action, unlawful possession of a firearm and resisting arrest. See the latest headlines in Kansas City and across Kansas, Missouri The officer remains in 'serious condition' as law enforcement agencies continue to search for Tolbert. A was issued in Missouri and Kansas for Tolbert, after he ran from officers following the shooting and then left in a car, police said. The car was recovered in Grandview. According to court records, Lee's Summit police responded to an apartment complex late Sunday night near Southwest Hollywood Drive and Highway 150 regarding Tolbert, who investigators say was involved in a domestic assault with the victim. When an officer approached the suspect in the parking lot of the complex and attempted to detain him, Tolbert broke away and began running on foot, with the officer running after him. Tolbert then began to fire multiple gunshots at the officer, striking him four times, according to court documents. Court records say the officer was hit in the leg, left arm, chest of his body armor and his shoulder. Investigators are working with law enforcement partners to track down Tolbert. According to the LSPD, there is no danger to the public at this time. Download WDAF+ for Roku, Fire TV, Apple TV Anyone with information is asked to call 911 or 1-800-KS-CRIME. KC Crime Stoppers is also offering a $10,000 cash reward for information leading to the arrest of Tolbert. You can call the TIPS Hotline at (816) 474-8477. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
02-06-2025
- General
- Yahoo
Lee's Summit police officer left with serious injuries after Sunday night shooting
LEE'S SUMMIT, Mo. — Police are investigating an overnight shooting where a Lee's Summit police officer was shot multiple times. The officer is in 'serious condition.' According to police, around 11 p.m. Sunday, officers were sent to an apartment on Hollywood Drive for a report of a domestic disturbance. Download WDAF+ for Roku, Fire TV, Apple TV As the first officer arrived on the scene in the apartment complex, and while waiting for his assisting officer, the officer saw a man running from the scene, according to LSPD. The officer chased the suspect and told officers shots had been fired via radio. LSPD said no shots were fired by the officer, but the officer was struck multiple times. The officer was taken to a hospital with serious injuries. Investigators are working with area law enforcement partners to track the suspect. Police said they are not sure who the man is. According to LSPD, there is no danger to the area. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
22-05-2025
- Business
- Yahoo
Lightspeed Just Lost $556 Million -- But Its Bold Turnaround Plan Could Flip the Script
Lightspeed Commerce (NYSE:LSPD) just posted a headline-grabbing $556 million goodwill impairmentand investors didn't take it lightly. Shares dropped as much as 9.7% on Thursday, making it the worst performer on the S&P/TSX Composite Index. The write-down comes as Lightspeed's market cap fell below its net assets, raising red flags across the board. Still, revenue for fiscal 2025 came in at $1.1 billion, up 18% year-over-yeara notable milestone in an otherwise bruising stretch. Warning! GuruFocus has detected 2 Warning Signs with LSPD. CEO Dax Dasilva framed the quarter as a pivot point, pointing to ongoing restructuring and headwinds for small retailers. There's a lot of macro pressure, he said, referencing weak performance in February and March. Despite that, Lightspeed stuck to its long-term forecast: gross profit growth of 15% to 18% annually over the next three years, a target first laid out on March 26. The company is now banking on a new outbound sales play150 reps focused on retail and hospitalitywith half already in place. But it's early days. We've got to deliver over the next four quarters, Dasilva admitted. Bank of Montreal analyst Thanos Moschopoulos isn't giving up on the stock just yet. He called the current valuation inexpensive and acknowledged that the outbound strategy could take time to show results. Lightspeed's share price was down 35% year-to-date. The company peaked at a C$22.7 billion valuation in 2021. The gap between that high and today's numbers? It's not just capitalit's confidence. And right now, Lightspeed needs to earn that back, one quarter at a time. This article first appeared on GuruFocus.
