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Enfinity Global Statement on CEO Carlos Domenech

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MIAMI, April 2, 2025 /PRNewswire/ — As stated in the press release issued by TerraForm Power Parent, LLC on April 1, 2025, via GlobeNewswire:

“On January 20, 2025, a lawsuit filed in the United States District Court for the District of Maryland (Case Number: 8:18-cv-02523-PX) by Carlos Domenech against TerraForm Power Parent, LLC, formerly TerraForm Power, Inc. (“TERP”), and TerraForm Global Holdco LLC, formerly TerraForm Global, Inc. (“Global”), was resolved” in favor of Mr. Domenech. “Mr. Domenech was the CEO and President of TERP and Global and an Executive Vice President of SunEdison, the former sponsor and controlling shareholder of TERP and Global, until he was terminated by the TERP and Global Boards of Directors and SunEdison without cause on November 20, 2015. Brookfield Renewable Partners L.P., together with its institutional partners, acquired TERP and Global after Mr. Domenech’s termination”

“Mr. Domenech claimed in this lawsuit that he was unlawfully terminated for reporting to the Board of Directors of SunEdison his claims that SunEdison executives had made false statements about SunEdison’s liquidity to the investing public. Mr. Domenech alleged, among other things, false reporting by SunEdison executives of financial results and forecasts, and other misconduct. SunEdison filed for bankruptcy on April 21, 2016.”

“After nine years of litigation, the liability issues underlying Mr. Domenech’s allegations were the subject of a two-week bench trial conducted before the Honorable United States District Judge Paula Xinis in July and August 2024, who decided liability in favor of Mr. Domenech. The matter was resolved for $34,500,000.”

Carlos Domenech’s Comment on the Court Ruling

“This ruling underscores the gravity of the reasons behind my unlawful termination. It affirms my ethical course of action focused on protecting the interests of SunEdison, TERP, and Global shareholders while ensuring strict compliance with the law in matters of proper and transparent corporate governance—unlike the actions of other SunEdison executives and directors.”

“Core values and individual character shape a company’s culture. Integrity is the foundation, ensuring trust, transparency, and lasting success”.

Important Notice

This press release contains projections and pro forma financial information based upon assumptions that are inherently uncertain and unpredictable. Actual results may differ materially from those discussed in, or implied by, the statements in this press release. This press release and any projections or pro forma information contained herein represent only our management’s current estimates as of the date of this release and have not been subject to independent audit. We assume no duty to update the information contained in this press release. We make no representation or warranty as to the accuracy or completeness of the information contained in this press release. Unless otherwise specified, all greenhouse gas or carbon offsets or equivalencies are based on the United States Environmental Protection Agency Greenhouse Gas Equivalencies Calculator.

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Fintech PR

Bitget’s Ramadan Campaign Serves Over 60,000 Meals to Communities in Need

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VICTORIA, Seychelles, April 14, 2025 /PRNewswire/ — Bitget, the leading cryptocurrency exchange and Web3 company, has wrapped up its Ramadan charity initiative with an extraordinary milestone: 60,224 meals provided to families and individuals facing food insecurity across multiple regions. What began as a company-led effort quickly grew into a community-wide movement, with Bitget users, employees, and leadership coming together to amplify the campaign’s global reach.

The initiative started with an 8,000 USDT donation from Bitget, which laid the foundation for further contributions. Users rallied behind the cause, donating an additional 13,408 USDT—an amount Bitget proudly matched, doubling the impact. Beyond the platform’s direct efforts, local teams stepped up in meaningful ways. The Turkish office allocated 8,900 USDT to support families in their region. To cap the initiative, Vugar Usi Zade, Bitget’s Chief Operating Officer, personally contributed 16,000 AED to a UAE-based charity, reinforcing the campaign’s global reach.

For Bitget, corporate social responsibility isn’t an afterthought; it’s woven into the company’s ethos. This Ramadan campaign reflects a broader philosophy: that success in the digital asset space should translate into tangible good for communities worldwide. “Seeing our team, partners, and users come together in this way has been incredibly humbling,” said Vugar Usi Zade, COO of Bitget. “Crypto is about more than markets and technology; it’s about people. This initiative proves that we can make a real difference when we pool our resources, whether through donations, matching, or local action.”

The numbers tell only part of the story. Behind each meal is a family that didn’t have to worry about their next iftar, a child who went to bed nourished, or an individual who felt seen in a moment of need. That’s the kind of impact Bitget strives for—not just during Ramadan but year-round.

Bitget’s Ramadan campaign sets a new benchmark for what the crypto industry can achieve when it prioritizes giving back. With over 60,000 meals distributed, the effort underscores how businesses can and should leverage their platforms for social good. Future initiatives are already in the works, building on this momentum to address food security, education, and economic empowerment in underserved communities.

Thank you to those who contributed, whether through donations or spreading awareness. This wasn’t just Bitget’s campaign; it belonged to everyone who believed in its mission. And if this is what the community can accomplish together in a matter of weeks, imagine what’s next.

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Nomentia Unveils AI Cash Flow Forecasting for Accurate & Predictive Insights

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HELSINKI, April 14, 2025 /PRNewswire/ — Nomentia, a European leader in treasury and cash management solutions, announces an enhancement to their existing cash flow forecasting solutions with powerful AI features. This upgrade accelerates implementation while delivering with more advanced and precise forecasting for businesses.

As businesses have increased demand for boosting efficiency with AI-driven solutions, treasurers and finance professionals are also looking for treasury management solutions equipped with AI to elevate their performance. AI provides exceptional power for data processing and the technology could enable treasury and finance teams to achieve more accurate, real-time financial insights for proactive risk management.

Accurate cash flow forecasting has always depended on data quality and analytical rigor, but traditional methods struggle with volatility and rapid market shifts. AI transforms this process by automatically detecting and correcting anomalies, accounting for seasonal patterns to minimize forecasting errors. With real-time data synchronization in one single platform, eliminating data siloes and outdated projections, AI-powered cash flow forecasting supports businesses to move beyond reactive planning and adopt a proactive financial strategy.

At Nomentia, predictive analytics for cash flow forecasting has been researched, implemented and perfected for years alongside with industry-leading clients. This has enabled us to bring the highest performing AI forecasting model specifically built for treasurers. The upgrade also includes improvement in implementation, allowing users to quickly access and leverage AI-driven cash flow forecasting.

Jukka Sallinen, Chief Executive Officer at Nomentia, expressed enthusiasm for the new milestone: “For years, we’ve worked alongside our clients to refine AI-driven cash flow forecasting, ensuring it meets the real-world challenges of modern treasury teams. With the power of AI, cash flow forecasting is not just a necessity, but a strategic advantage.”

With AI-powered forecasting, businesses can reduce uncertainty, optimize liquidity and make more confident financial decisions. In today’s rapidly changing markets, staying ahead means leveraging technology that not only predicts cash flow but also continuously adapts to new challenges – ensuring long-term financial stability and growth.

Hubert Rappold, Senior Treasury Expert at Nomentia, shared his perspective: “AI is revolutionizing cash flow forecasting by eliminating blind spots and providing real-time, data-driven insights. Instead of relying on static models, treasury teams can now adapt dynamically to market shifts, improving liquidity management and financial resilience.”

With AI-driven cash flow forecasting, Nomentia aims to equip businesses with highly accurate predictions and enhanced operational efficiency, enabling treasurers to make faster and better financial decisions.

For media inquiries, please contact:
Vy Dang
Senior Marketing Manager
vy.dang@nomentia.com
+358503693834

This information was brought to you by Cision http://news.cision.com

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Worry-Free Compliance in Germany – With the S+P Compliance Package

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Simple. Comprehensive. Secure.

LONDON, April 14, 2025 /PRNewswire/ — Regulatory compliance in Germany is complex – and non-compliance can be costly. S+P Compliance Services offers the S+P Compliance Package, a turnkey solution for companies regulated by BaFin, such as banks, investment firms, FinTechs, and asset managers.

Why Outsource Compliance to S+P?


Get Started in Three Simple Steps

  1. Contact Us – Request a consultation
  2. Receive Your Offer – Tailored to your regulatory classification
  3. Sign Your Outsourcing Contract – We ensure full compliance from day one

Email: compliance@sp-partners.de
sp-consulting.co.uk/contact
+44 20 77 180 282
S+P Compliance Services – The trusted partner for BaFin-regulated firms in Germany.

 

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