Articles from The Buxton Helmsley Group, Inc.

The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), a New York City-based investment fund manager that recently inverted its long equity position into that of a short interest in the publicly traded securities of Assertio Holdings, Inc. (“Assertio” or the “Company”) (NASDAQASRT), today called upon the Senate Committee on Health, Education, Labor & Pensions (the “Committee”) to investigate the evident product-related fraud at Spectrum Pharmaceuticals, Inc., now wholly-owned by Assertio.

The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), a New York City-based investment fund manager that has inverted its long equity position into that of a short interest in the publicly traded securities of Assertio Holdings, Inc. (“Assertio” or the “Company”) (NASDAQASRT), today responded to the Company’s attempt to deny, in its November 11, 2024, press release, the evident product-related fraud at Spectrum Pharmaceuticals, Inc., now wholly-owned by Assertio.

The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), a New York City-based investment fund manager that has now inverted its long equity position into that of a short interest in the publicly traded securities of Assertio Holdings, Inc. (“Assertio” or the “Company”) (NASDAQASRT), today released an open letter to Assertio stockholders.

The Buxton Helmsley Group, Inc., a significant shareholder of Assertio Holdings, Inc. (NASDAQASRT), today issued the following letter to the company’s Board of Directors.

The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), the New York City-based investment fund manager with financial interests in EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQSATS), today issued an open letter (the “Letter”) to U.S. Senators Elizabeth Warren and Sheldon Whitehouse (members of the U.S. Senate Committee on Finance), after EchoStar’s filing of a Form 10-K with the U.S. Securities and Exchange Commission (“SEC”) on February 29, 2024 (the “February 29 Form 10-K”), which failed to disclose $15B in implicitly admitted equity value overstatement, among other issues.

The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), the New York City-based investment fund manager with financial interests in EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQSATS), today issued an open letter (the “Letter”) to the Company’s Board of Directors, given an apparent impending fraudulent conveyance and creditor preference violation, with relation to an imminent material debt obligation due for repayment on March 15, 2024, in the amount of $995 million.

The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), the New York City-based investment fund manager with financial interests in EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQSATS), today issued an open letter (the “Letter”) to the Company’s Board of Directors, given the occurrence of additional “triggering events” requiring disclosure of asset value depreciation expenses pursuant to GAAP ASC 350/360 and Regulation S-X.

The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), the New York City-based investment fund manager with financial interests in EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQSATS), today issued an open letter (the “Letter”) to the Company’s Board of Directors, given their complete failure to address (not even having denied) the serious matters raised in BHG’s January 22, 2024, open letter, which discussed apparent material misstatements of financials (apparent, undisclosed asset value depreciation expenses, in apparent violation of GAAP ASC 350/360 and Regulation S-X), and apparent fraudulent conveyances occurring after the Company was privately notified by BHG (on December 27, 2023) as to findings of evidenced net asset insolvency at DISH Network Corporation.

The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), the New York City-based investment fund manager with financial interests in EchoStar Corporation (“EchoStar” or the “Company”) (NASDAQSATS), today issued an open letter (the “Letter”) to the Company’s Board of Directors, largely relating to the Company and its recent merger with DISH Network Corp. (“DISH”). Within the Letter, BHG discusses apparent pre-merger material misstatements of financial position occurring at DISH (apparent, undisclosed asset value depreciation expenses, in apparent violation of GAAP ASC 350/360 and Regulation S-X), and apparent fraudulent conveyances occurring after the Company was privately notified by BHG (on December 27, 2023) as to findings of evidenced net asset insolvency at DISH.

The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), the New York City-based investment advisor to certain clients with financial interests in Mallinckrodt Plc. (“Mallinckrodt” or the “Company”) (NYSEMNK), today issued the following statement regarding the Company’s August 28, 2023, filing for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware (Case No. 23-11258):

The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), the New York City-based investment advisor to clients with financial interests in Mallinckrodt Plc. (“Mallinckrodt” or the “Company”) (NYSEMNK), today issued an open letter (the “Letter”) to the Company’s Board of Directors, regarding the Company’s continued failure to make required write-downs of asset values where expenses are evidenced, in apparent violation of GAAP ASC 350/360 and Regulation S-X, within its August 9, 2023, Form 10-Q filing with the U.S. Securities and Exchange Commission (the “Commission”).

The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), the New York City-based investment advisor to clients with financial interests in Mallinckrodt Plc. (“Mallinckrodt” or the “Company”) (NYSEMNK), today issued an open letter (the “Letter”) to the Company’s Board of Directors, given the Company’s continued failure to make required write-downs of asset values where expenses are evidenced, in apparent violation of GAAP ASC 350/360 and Regulation S-X, within its May 9, 2023, Form 10-Q filing with the U.S. Securities and Exchange Commission (the “Commission”).

The Buxton Helmsley Group, Inc. (together with certain of its affiliates, “BHG” or “we”), the New York City-based investment advisor to clients with financial interests in Mallinckrodt Plc. (“Mallinckrodt” or the “Company”) (NYSEMNK), today issued an open letter (the “Letter”) to the Company’s Board of Directors, given their failure to provide any response to BHG’s March 17, 2023, open letter, which extensively outlaid – after extensive investigation – an evidential multibillion-dollar scheme of concealing asset value depreciation expenses from the Company’s pre- and post-reorganization financial reporting with the U.S. Securities and Exchange Commission (the apparent post-reorganization portion of the accounting and securities fraud scheme, uniquely evidenced by the Company’s very own prior-professed standards of determining the fair value of assets securing capital structure interests). BHG also, in its March 17, 2023, open letter to the Company, publicly noticed the apparently false representations of credentials/licensing being made with relation to the Company’s Chief Financial Officer, Bryan Reasons, who has stood as the Company’s CFO both pre- and post-reorganization.

In the initial press release, dated March 17, 2023, it was mistakenly indicated that BHG was “delivering the audited results of an extensive investigation”, when the press release should not have included the term “audited”.

In the initial press release, dated March 17, 2023, it was mistakenly indicated that an “audit” was conducted by BHG of Mallinckrodt’s “books and records”. Instead, BHG conducted a “review” of Mallinckrodt’s periodic filings with the U.S. Securities and Exchange Commission, which included Form 10-K and Form 10-Q filings.

The Buxton Helmsley Group, Inc. (together with certain of its affiliates and clients, “BHG” or “we”), the New York City-based investment advisor to clients with financial interests in Endo International Plc. (“Endo” or the “Company”) (NASDAQENDP),today issued an open letter to directors of the Company and its financial auditor, PricewaterhouseCoopers LLP, relating to financial disclosures..

The Buxton Helmsley Group, Inc. (together with certain of its affiliates and clients, “BHG” or “we”), the New York City-based investment advisor to clients with financial interests in Endo International Plc. (“Endo” or the “Company”) (NASDAQENDP), today issued an open letter to shareholders and creditors of the Company, relating to corporate malfeasance and false statements of financial position.

The Buxton Helmsley Group, Inc. (together with certain of its affiliates and clients, “BHG” or “we”), the New York City-based investment advisor to clients with significant holdings of Mallinckrodt Plc. (“Mallinckrodt” or the “Company”) (OTC: MNKKQ) common stock, and with the backing of other various shareholders, today issued an open letter responding to the departure of the Company’s Chief Communications Officer, Ms. Brandi Robinson.

The Buxton Helmsley Group, Inc. (together with certain of its affiliates and clients, “BHG” or “we”), the New York City-based investment advisor to clients with significant holdings of Mallinckrodt Plc. (“Mallinckrodt” or the “Company”) (OTC: MNKKQ) common stock, and with the backing of other various shareholders, has issued an open letter to the U.S. Securities and Exchange Commission (the “Commission”), its Chairman and Commissioners, for immediate intervention in fraudulent statements of financials, bankruptcy fraud, insider trading on undisclosed information, proxy fraud, and electoral fraud, at the Company.