
Valley Rock Foundation of Napa Valley Statement Regarding Settlement with California Attorney General's Office
"The Foundation's settlement ends a costly and wasteful AG inquiry that ultimately did not result in any charges or court action," said Jeff Tsai of DLA Piper LLP, counsel for the Valley Rock Foundation. "During the inquiry, we established that the Foundation and its directors Robert White and Celeste White fully and faithfully carried out their fiduciary duties."
"The concerns animating the AG's Office's inquiry were shown to lack substance," Tsai explained. "For example, the real-property improvements referenced by the Attorney General actually resulted in the Foundation saving thousands of dollars in rent expenses, as determined by an independent auditor."
Tsai also addressed the Attorney General's Office's press-release contention in its January 23, 2025, release that the Foundation's IRS filings lacked transparency: "The Attorney General's Office's implication that the Foundation did not comply with its IRS Form 990-PF obligation is false. All expenses, including those related to the Foundation's investment entity Veritas Refuge, were properly disclosed on all required tax-filing forms."
The Foundation's counsel, Tsai, detailed the Foundation's next steps following the resolution with the Attorney General's Office: "This settlement allows the Foundation, as well as Robert White and Celeste White, to fulfill the charity's principal operating objective: donation of all assets to charitable causes and subsequent sunsetting of the Foundation within the lifetime of director Celeste White. The Foundation is pleased that the President of Westmont College is joining the Foundation board. The charitable work of the Foundation is nearly complete, and the Foundation is proud of what it has accomplished for numerous communities across California."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 days ago
- Yahoo
IFRS Foundation unveils near-final examples for uncertainty reporting
The IFRS Foundation has published a set of near-final examples to help companies accurately report financial uncertainties, using climate-related situations for practical reference. These examples are designed to assist companies in applying existing IFRS Accounting Standards to their financial statements. The publication of these examples is a response to stakeholder concerns regarding the lack of detailed information about uncertainties. The development of the examples was a collaborative effort between the International Accounting Standards Board (IASB) and the International Sustainability Standards Board. The IASB plans to issue the finalised set of examples by October 2025. The examples demonstrate the practical application of IAS 1, IFRS 18, IAS 36, IAS 37, IFRS 7 and other standards. They address materiality judgments in climate-related transition plans and disclosure of impairment assumptions including emission allowance costs. The themes also cover credit risk reporting for sectors vulnerable to climate impacts and disaggregation of property, plant and equipment based on climate exposure. Additionally, they address decommissioning provisions amid uncertainties from long-term climate policies. IASB chair Andreas Barckow said: 'By publishing the examples in near-final form, we are providing companies with earlier visibility of our work.' Recently, the IFRS Foundation enhanced its IFRS Taxonomy Consultative Group with six new members and two returning members, with their terms starting on 1 August 2025. "IFRS Foundation unveils near-final examples for uncertainty reporting " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati


Business Wire
2 days ago
- Business Wire
Seoul Takes Over Paris – Seoul Design Foundation Sets the Global Stage at Maison&Objet Paris
SEOUL, South Korea--(BUSINESS WIRE)--The soul of Seoul is heading to Paris—and it's not coming quietly. From September 4 to 8, 2025, the Seoul Design Foundation (SDF) will make a bold entrance at Maison&Objet Paris, one of the world's top three design fairs, accompanied by 20 of the city's most innovative design brands. Under the evocative slogan 'Seoul My Soul,' this exhibition will not only highlight Seoul's rich heritage and cutting-edge design but also stake its claim as a global creative powerhouse. This isn't just an exhibition—it's Seoul's declaration of design identity to the world. Through this participation, the Foundation aims to enhance Seoul's global design presence and communicate the city's creative potential, cultural depth, and technical innovation to a broader audience. Share The Seoul pavilion will be located in Hall 7, Gift & Play section, occupying approximately 180 square meters. Visitors will encounter a wide spectrum of creative works, ranging from trend-forward lifestyle products to reimagined traditional crafts and eco-conscious design pieces that address both current needs and future directions. Participating brands are grouped under three thematic categories. The Living Trend section features 8 brands offering lighting, compact storage furniture, eco-friendly kitchenware, and stylish bathroom accessories—products that embody Seoul's current lifestyle sensibilities and are already gaining popularity both online and offline. The Contemporary Interpretation of Tradition section includes 5 brands that transform traditional Korean materials—such as hanji (paper leather), mosi (ramie), najeon (mother-of-pearl), and embroidery—into modern interior objects and fashion items, bridging cultural heritage with contemporary aesthetics. The Sustainable Design section introduces 7 brands showcasing recycled textile bags, paper leather pouches, eco-activewear, and mindful kitchen items. These products represent the embodiment of Seoul's urban sustainability philosophy, where environmental responsibility meets design excellence. Beyond simply organizing an exhibition, the Seoul Design Foundation provides comprehensive support for participating brands to expand globally. This includes everything from pre-show preparation, booth construction, on-site interpreting, logistics, buyer engagement, and marketing to post-show consultations and export support—helping these companies build sustainable momentum in the international marketplace. Through this participation, the Foundation aims to enhance Seoul's global design presence and communicate the city's creative potential, cultural depth, and technical innovation to a broader audience. The booth will also feature Seoul-themed goods developed by the Foundation, offering visitors a friendly and memorable introduction to the Seoul brand. Since its establishment in 2009, the Seoul Design Foundation has served as a key institution supporting the city's design ecosystem through the Dongdaemun Design Plaza (DDP). It continues to foster creative talent, promote local businesses, and expand global networks—solidifying Seoul's reputation as a leading city of design and innovation.


Business Insider
2 days ago
- Business Insider
xonPlus Launches Real-Time Breach Alerting Platform for Enterprise Credential Exposure
Chennai, India, July 25th, 2025, CyberNewsWire xonPlus, a real-time digital risk alerting system, officially launches today to help security teams detect credential exposures before attackers exploit them. The platform detects data breaches and alerts teams and systems to respond instantly. Built by the team behind XposedOrNot, an open-source breach detection tool used by thousands, xonPlus gives organizations instant visibility when their email addresses or domains appear in breach dumps or dark web forums. Every day, credentials are exposed in data breaches, often without the affected organizations being immediately aware. In many cases, security teams are first alerted to incidents through ransom demands, threat intelligence reports, or internal support tickets. xonPlus addresses this challenge by providing real-time monitoring of enterprise assets, delivering alerts within minutes of confirmed credential exposure. "We kept hearing the same thing: teams had good security stacks, but still found out about exposed credentials too late," said Devanand Premkumar, Founder of xonPlus. One compromised login is enough to pivot inside a network. xonPlus gives teams the early warning signal they've been missing. Built on Proven Foundation xonPlus leverages the intelligence infrastructure of XposedOrNot, which has tracked 10+ billions of breach records over the last 8 years and serves millions of queries globally. The platform runs on secure infrastructure powered by Cloudflare and Google Cloud, ensuring enterprise-grade reliability and performance for security-critical operations. Key Capabilities Real-Time Detection: Getting alerts within minutes when company credentials appear in a breach, including breach source, exposure date, and recommended next steps. Seamless Integration: Works with existing security infrastructure, including SIEM, Slack, Microsoft Teams, and email systems. Developer-First API: High-throughput API with rate limits, auth tokens, and audit logs for embedding breach intelligence into security workflows. Enterprise Scale: Monitoring unlimited domains and millions of email addresses with customizable alert thresholds. Addressing Market Need Unlike large threat intel platforms requiring long contracts and complex setups, xonPlus offers transparent monthly pricing with 5x to 10x cost efficiency compared to traditional costly solutions. It complements existing security stacks by focusing purely on breach exposure detection. The platform serves three primary use cases: xonEnterprise for domain-wide monitoring, xonConsumer for customer breach alerts, and xonAPI for developers building security tools. Target Market xonPlus is designed for security teams needing earlier breach visibility, startups and SMBs without full SOC coverage, developers integrating breach detection capabilities, and risk teams focused on account takeover prevention and minimizing ransomware infections. Teams using xonPlus have cut detection time from weeks to minutes, enabling them to lock compromised accounts before attackers gain access. Availability xonPlus is immediately available as a SaaS platform with monthly subscription plans. Users can learn more: Users can launch the story xonPlus is built by the team behind XposedOrNot, the open-source breach detection platform that has helped millions of users check their exposure to data breaches. Based in Chennai, India, the company focuses on making breach intelligence accessible to security teams of all sizes. Contact Founder