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Greenberg Traurig Increases Bandwidth in Telecommunications Sector with Three Shareholder Team in D.C.

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Global law firm Greenberg Traurig, LLP expanded its Technology, Media and Telecommunications Practice with the addition of three shareholders in Washington, D.C., from Morgan, Lewis & Bockius LLP.

WASHINGTON, Sept. 25, 2024 /PRNewswire-PRWeb/ — Global law firm Greenberg Traurig, LLP expanded its Technology, Media and Telecommunications Practice with the addition of three shareholders in Washington, D.C., from Morgan, Lewis & Bockius LLP.

The team includes Frank G. Lamancusa, who will serve as chair of the Telecommunications Group, as well as Denise Wood and Timothy L. Bransford.

The new group greatly enhances the firm’s capabilities to advise clients on a variety of regulatory, enforcement, and corporate advisory matters in the telecommunications arena.

“We are thrilled to join Greenberg Traurig where we will have the opportunity not only to take advantage of the firm’s nimble approach to client service and truly global platform for the benefit of our existing clients, but also to use our broad telecommunications experience to deepen the firm’s relationship with its existing clients,” Lamancusa said.

“Greenberg Traurig’s platform and collaborative culture provide an ideal environment for us to serve clients at the forefront of technological innovation,” Bransford and Wood said in a joint statement. “Whether it’s guiding clients through the regulatory approvals to launch a satellite or negotiating the contracts and licensing required to build out the digital infrastructure that connects our global economy, we’re excited to leverage the firm’s resources and our combined experience to help navigate these complex regulatory landscapes.”

The addition of the group also reinforces recent strategic investments made by Greenberg Traurig to its Space and Satellite Industry Group, with the additions of Skip Smith in Denver as chair of the group earlier this year, as well as and Laura Cummings in Washington, D.C., who joined from her role as regulatory affairs counsel at Astroscale U.S.

“Telecommunications is woven into many of the areas where Greenberg Traurig has demonstrated market-leading strength and growth in recent years, like our work in the space and defense industries and in digital infrastructure,” said Ernest LaMont Greer, Co-President and Chair of the Washington, D.C. office. “This team now brings highly technical and experienced practitioners who will be a significant boon to Greenberg Traurig’s existing clients and help us expand into new areas from the regulatory capital of the United States.”

Lamancusa brings deep experience providing regulatory, enforcement, and corporate advisory guidance to telecommunications clients, as well as non-telecommunication clients with related issues. He previously served in the Enforcement Bureau of the Federal Communications Commission (FCC) and was a trial lawyer for the Telecommunications Task Force in the U.S. Department of Justice’s (DOJ) Antitrust Division. Lamancusa routinely handles enforcement actions and investigations initiated by FCC, DOJ, and the Department of Commerce, including investigations related to information and communications technology and services transactions. His practice also includes conducting due diligence and providing advice for investors and private equity firms related to telecommunications regulatory and antitrust risk for a variety of strategic investments and acquisitions.

Wood brings a wealth of experience advising domestic and international companies on telecommunications corporate and regulatory matters with a particular focus on subsea and terrestrial network infrastructure and space and satellite issues. She provides regulatory guidance and advocacy related to various FCC authorizations and navigating approvals and coordination with related federal agencies. Her experience spans network infrastructure contracts, federal and state licensing, and compliance with regulatory requirements. Previously, she led the global telecommunications/network infrastructure legal team for Amazon Web Services.

Bransford rounds out the team with his practice that spans regulatory compliance and authorization needs for space and satellite companies. This includes guiding clients through every aspect required for obtaining launch authority for satellites and other space equipment, including obtaining Special Temporary Authority from the FCC and coordinating the process across all interested federal agencies as well as international bodies such as the International Telecommunication Union and regulatory agencies in the UK, Australia, Japan, and elsewhere. Bransford’s practice also includes advocacy and compliance guidance on terrestrial wireless matters and securing equipment authorization for wireless devices requiring FCC approval. Before his law firm career, Bransford served as a law clerk in the FCC’s Satellite Division and held management positions at several prominent satellite network operators based in the Greater Washington, D.C., region.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: http://www.gtlaw.com.

Media Contact

Jacob Fischler, Greenberg Traurig, LLP, 202-294-7824, fischlerj@gtlaw.com, https://www.gtlaw.com/en

View original content:https://www.prweb.com/releases/greenberg-traurig-increases-bandwidth-in-telecommunications-sector-with-three-shareholder-team-in-dc-302258783.html

SOURCE Greenberg Traurig, LLP

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SiriusXM Declares Quarterly Cash Dividend

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NEW YORK, July 22, 2026 /PRNewswire/ — SiriusXM (NASDAQ: SIRI) today announced that its Board of Directors declared a quarterly cash dividend of $0.27 per share of common stock. This regular quarterly dividend is payable in cash on August 26, 2026, to stockholders of record at the close of business on August 10, 2026.

About Sirius XM Holdings Inc.
SiriusXM is the leading audio entertainment company in North America with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. Together, SiriusXM reaches a combined monthly audience of approximately 255 million listeners. SiriusXM offers a broad range of content for listeners everywhere they tune in with a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. For more about SiriusXM, please go to: www.siriusxm.com.

Source: SiriusXM

Investor contacts:
Jennifer DiGrazia
investor.relations@siriusxm.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/siriusxm-declares-quarterly-cash-dividend-302832548.html

SOURCE Sirius XM Holdings Inc.

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Shutterstock Announces Capital Allocation Update

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NEW YORK, July 22, 2026 /PRNewswire/ — Shutterstock, Inc. (NYSE: SSTK) (the “Company”), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced that at a meeting held on July 20, 2026 its Board of Directors (the “Board”) resolved to suspend the Company’s future quarterly cash dividend.

The Board’s determination reflects its ongoing review of the Company’s capital-allocation priorities and its focus on deploying capital to support long-term value creation for shareholders, including reducing debt, minimizing related interest expense and strengthening financial flexibility.

The Board will continue to evaluate the Company’s capital allocation priorities as part of its regular governance process. Any future declaration and payment of dividends, and the amount thereof, will remain subject to the discretion of the Board and will depend upon the Company’s results of operations, financial condition, capital requirements, contractual restrictions, applicable law, and such other factors as the Board deems relevant.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements may discuss intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise. Forward-looking statements speak only as of the date they are made and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will occur. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including “believes,” “could,” “expects,” “intends,” “may,” “might,” “ongoing,” “plans,” “seeks,” “should,” “will,”  or the negative of these words and phrases, other variations of these words and phrases or comparable terminology, but not all forward-looking statements include such identifying words. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those indicated or anticipated by such forward-looking statements. The forward-looking statements in this press release relate to, among other things, the Company’s capital allocation strategy, the suspension of the Company’s quarterly cash dividend, the Company’s plans with respect to debt reduction, interest expense management and financial flexibility, and any future declaration and payment of dividends. For a discussion of factors that could cause actual results to differ materially from those contemplated by forward-looking statements, see the sections captioned “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the Company’s Quarterly Reports on Form 10-Q, and the Company’s other filings with the Securities and Exchange Commission. While those factors are considered representative, no list of risk factors should be considered a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. The Company assumes no obligation to update forward-looking statements, and the Company disclaims any such obligation, except as may be required by law.

About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world’s largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.

Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.

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SOURCE Shutterstock, Inc.

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ICI Welcomes Bipartisan Sponsors of Bill to Stop States from Seizing Long-Term Investors’ Savings

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WASHINGTON, July 22, 2026 /PRNewswire/ — The Investment Company Institute released the following Viewpoints blog. To learn more about why this issue matters and how the SAFER Act would help protect American investors, watch our video on LinkedIn.

Millions of American investors have adopted the advice given by financial advisors to invest for the long term and then leave those savings alone. In some states, however, following this guidance can get your account seized. That was the warning sounded at an event featuring the sponsors of the bipartisan SAFER Act, Representatives Sam Liccardo (D-CA) and Mike Lawler (R-NY), who joined ICI leaders to make the case for a federal solution to the problem of state unclaimed property laws that can treat buy-and-hold investors as though they have disappeared. 

ICI President and CEO Eric Pan opened the event by outlining the nature of this growing threat. More than 128 million Americans invest in regulated funds, many with the intention of holding them for years, following the advice of many financial educators to “stay in the market, invest for the long term.” They put their money away and go about their lives, confident that the savings will be there when they need it. But under some states’ laws, an account that shows no activity can be declared abandoned and taken into state custody through a process called escheatment.

Pan walked through what seizure means in practice. When a state escheats an investment account, it typically liquidates the holdings — so even an investor who eventually recovers the money gets back only what the account was worth at seizure, with no credit for years of market gains. For retirement accounts, the forced liquidation can also trigger unforeseen tax consequences. And recovering the money at all can take years of paperwork and persistence. Meanwhile, some states are moving in the wrong direction, loosening their rules to make it easier to capture assets. 

“This is where the leadership of Congressmen Lawler and Liccardo is so important,” Pan said. “They’ve introduced the SAFER Act, a federal solution to a problem that exists across the United States. This patchwork of different legal standards, and the fact that the legal standards change constantly, creates a lot of confusion and creates this risk and harm that we’re so worried about.” 

In a panel discussion, the two lawmakers described the issue as an obvious place for Democrats and Republicans to find common ground, given Americans’ widespread use of investment accounts for saving.

“We are, for the most part, a group of Americans who sit on our investments, which is more or less the right strategy,” Liccardo said, noting that this is exactly the approach that inactivity standards put at risk. 

Liccardo pointed to the widely reported case of Walter Schramm, an investor who bought Amazon shares in the late 1990s and then did what many long-term investors do: leave the account be. Delaware deemed the account abandoned and liquidated the shares in 2008, when they worth about $8,000. By the time Schramm discovered what happened years later, the position would have been worth roughly $100,000.

The financial incentives driving state behavior are a concern, Liccardo noted. Unclaimed property has become one of Delaware’s largest sources of revenue, bringing in more than half a billion dollars a year — a powerful reason for states to loosen their standards rather than tighten them. 

Lawler contrasted legitimate unclaimed property programs and what some states are doing now. “It’s one thing to get an asset because it’s truly abandoned,” he said. “It’s another to basically target a group of investors who have a long-term strategy of just not touching the asset and being passive.”

The right standard, Lawler argued, is the obvious one: before seizing investment assets, a state should have to prove the owner is actually deceased. He posited that most Americans would be shocked to learn how little protection they have. “You think you have ownership of this asset, but the state, under current law, can just take it.”

The SAFER Act would establish federal guardrails ensuring that inactivity alone cannot be the basis for escheatment and that states confirm the death of an owner and that no estate or beneficiary has claimed the assets before escheating investment accounts. It would also require states to leave unclaimed investments in place, rather than liquidating them, until they can prove abandonment.

Both lawmakers said the path to fixing the problem is through public awareness of the threat some state laws pose to Americans financial security. “Ultimately the American people will rise up,” Liccardo said. “It may take a little while. We just have to get the information to them.”

Contact: media@ici.org 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ici-welcomes-bipartisan-sponsors-of-bill-to-stop-states-from-seizing-long-term-investors-savings-302832606.html

SOURCE Investment Company Institute

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