GERN Investors Have Opportunity to Join Geron Corporation Fraud Investigation with the Schall Law Firm
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Geron gave investors the false impression that it had reliable information about its projected revenue outlook and anticipated growth. The Company's optimistic reports of Rytelo's launch and potential growth were far too optimistic. The Company failed to inform investors that Rytelo lacked necessary patient awareness for the Company to capitalize on what it had claimed was a significant unmet need for the drug. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Geron, investors suffered damages.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
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KY county wants residents to sell their land for massive, mysterious new development
MAYSVILLE — Under a setting July sun, 30 frustrated farmers and landowners gathered in the shade of a neighbor's garage. They unfolded lawn chairs, shared cool bottles of water and began trading grievances and speculation about a cash-rich new development with its sights on their land. The problem was, nobody quite knew what the development was, who owned it, or when it would come. Since fall, at least seven residents across a 5,000-acre area outside Maysville have been approached by Mason County officials who encouraged them to sell their land for an unspecified industrial development project. But those same officials couldn't answer questions about the development because they signed confidentiality agreements with the unnamed company behind the project, which further spurred rumors: Was it a solar farm? A penitentiary? A landfill? The group included the Huddlestons, who reluctantly agreed to sell their land, seated beside the Grossers, who adamantly refused. Others are still deciding whether they should hold onto the farmland their families have owned for generations or cash in while they can. But they all agreed on one thing. 'Something this big shouldn't be kept quiet,' said Max Moran, standing in the semicircle of community members in the last slant of evening light. Desperate for an answer, residents started piecing together clues. Neighbors cross-referenced information that officials let slip — the project, whatever it was, would need huge amounts of water, which would explain its proximity to the Ohio River. In May, after scouring through online public records, they discovered a new customer was requesting service from the East Kentucky Power Cooperative (EKPC) for a 2.2 gigawatt project in Mason County, nearly doubling its annual generation capacity. Spring gave way to summer and, finally, residents connected enough dots to uncover the mysterious new customer: a hyperscale data center. The state legislature passed a measure earlier this year granting tax exemptions for certain data center projects, making the state an attractive place to build. Many communities are scrambling for them, hopeful the revenue they generate will jumpstart local economies. But some residents are wary about the way data centers are spreading across the state with little public input. Landowners worry it will change the fabric of their community and push out families who've lived there for centuries. Staci Wood Clements, who lives on a Mason County farm, worries that once the farmland is turned over for development, it'll be gone forever, and that a data center won't bring farmers much in return. ' I'm not anti-technology at all, but I'm super skeptical when something rolls in and it feels like it has more whispers, more legal muscle, than community support,' Clements said. ' When farmers are told that their land is more valuable as concrete than soil … that concerns me.' Data centers 101 Lured to rural areas by the promise of cheap land, data center projects have sprung up across the nation. Like a game of whack-a-mole, some proposals appear, draw opposition, and get shut down, as was the case in Oldham County recently. Others move ahead, including the state's first hyperscale data center being built in south Louisville. Data centers are conglomerations of warehouses storing thousands of computer servers. Those servers hold the network of information that makes up the digital cloud accessed by the growing number of internet-enabled devices. Increasingly, data centers are being built to host artificial intelligence platforms from companies including Meta and Google, accelerating the demand for massive amounts of power. In the past decade, data center energy usage has tripled and it's expected to do so again in just the next three years, according to a report from the U.S. Department of Energy. That demand is quickly outpacing capacity in states like Virginia, where larger and more clustered data centers strain local grids and transmission lines. Utilities like EKPC are being flooded with data center project proposals. Documents uncovered by Mason County residents and The Courier Journal show the Kentucky power company has been exploring the possibility of a large-scale data center that will demand increasing amounts of power, starting at 110 megawatts in December 2026 and increasing to 2,200 by 2031. The nearby H.L. Spurlock coal-fired power plant is the company's largest, supplying power to 1.1 million people. Still, it produces only 1,346 megawatts of energy. With nearly a thousand more megawatts to make up, EKPC put out a call for help in June. The utility is looking for energy supply options, like natural gas, that would 'serve a specific new large load addition that EKPC is now in definitive discussions to supply,' according to a request for proposals published in June by EKPC and ACES, a nationwide energy management company. All the while, the utility's unnamed 'new customer' has been scoping out a swath of land for its 2,200 megawatt project. 'I'm not selling' Last fall, Tim Grosser was seeing patients at his doctor's office when he said he got a call from Mason County Judge- Executive Owen McNeil. According to Grosser, McNeil asked him to come downtown to discuss the possibility of buying his land. Acting as a middleman, McNeil explained that the county would offer him a $500 check for the option to buy his land anytime in the next year for $15,000 an acre for a potential industrial development project. Since 1988, Grosser has owned land that straddles a wooded two-lane road — 250 acres just outside Maysville, with rolling hay fields and a herd of cattle. On one side, a winding switchback leads up to the cow pasture, vine-braided barns, and an old brick farmhouse he uses as a hunting outpost. On the other side, his son, Andy, lives in a newly built home. During his meeting with McNeil, Tim Grosser wasn't told what kind of industrial project it would be or who was behind it. When he pressed for details, he said McNeil didn't give a clear answer. The judge executive had signed a non-disclosure agreement (NDA) about the project. After hearing McNeil's pitch, Grosser made up his mind. 'I'm not selling,' he said. In the months following the initial offer, McNeil called a few more times with a new price tag, Grosser said. The farm being just as much his as his son's, he told McNeil to give his son a call. McNeil did, convincing Andy Grosser to meet downtown with him and Tyler McHugh, the Maysville-Mason County Industrial Development Authority director. 'I try to give everybody a fair shot, so I went down and talked,' Andy Grosser said. Again, they provided limited information on what was going to be built and offered a check for the option to buy his land in the next year. This time, they doubled the price per acre to $30,000, Andy Grosser said. After he graduated from Morehead State University, where he studied agriculture and engineering, Andy took over caring for the farm. Five years ago, he built a house on the plot, moved his family there, and planned to manage the small herd of cattle and acres of land. 'It was something we were going to do together,' Andy said of his father. Still skeptical, but curious to learn more, the father and son met with the county once more this spring, hoping for details. 'I want to know what you're wanting to do here,' Tim Grosser said, at the end of his patience. If they wanted more information, they were told they could sign non-disclosure agreements and some of their questions could be answered. Eager for those answers, Tim Grosser reached for the document, but his son grabbed his hand and pulled it away. 'We're not signing anything,' Andy Grosser told them. In an interview with The Courier Journal, McNeil spoke generally about the economic needs of the county and the opportunities facing residents who were approached to sell their land, but he did not answer questions about the development, citing the NDA he signed. McHugh said none of the landowners he met with had many questions, and those that did signed NDA's and talked with the project's team. Power demand means fossil fuels – and pollution Across the nation, states are turning to different energy sources to power an increasing number of data centers. Some, like Texas, are looking to repurpose unused renewable energy from wind turbines. But solar and wind initiatives are often met with local resistance in farming communities, including in Mason County, where residents organized to push out industrial solar farms in 2022. In many cases, with great power demands comes a deeper reliance on the country's go-to energy source: fossil fuels. Utilities are delaying the retirement of coal-fired power plants by retrofitting them to burn natural gas. And in Virginia, North Carolina, South Carolina and Georgia, more than 20,000 megawatts of natural gas-powered plants are now set to open by 2040, according to the Institute of Energy Economics and Financial Analysis. In Kentucky, despite the addition of some renewable energy alternatives, 68% of the state's power is still coal-based, said Lane Boldman, director of the Kentucky Conservation Committee, an environmental advocacy organization. But utilities such as EKPC are expanding into natural gas, too. Both their Spurlock and John Sherman Cooper plants were recently approved to build new natural gas-fired units and convert some of their old infrastructure into multi-use plants that burn gas and coal. Even though natural gas is billed as 'cleaner energy,' Boldman said it's still a major polluter. ' I know everyone's excited about the AI boom,' Boldman said, 'but there's a cost to it as well.' Exposure to air pollution from burning fossil fuels is associated with a slew of health issues including heart disease, cancer and respiratory illnesses. Power plants emit particulate matter, which harms fenceline communities the most, but also travels to other areas on the wind. In a 2007 settlement between EKPC and the U.S. Environmental Protection Agency, the utility spent $650 million on new pollution controls after violating the Clean Air Act at two of its power plants, including Spurlock. Now, EKPC will be able to side-step new federal regulations for certain air pollutants, like mercury, after they applied for and were granted exemptions when President Donald Trump invited utilities to apply in March. EKPC declined multiple requests for comment. 'I've lived here all my life' Ida Ruth Huddleston keeps a collection of ceramic birds and squirrels — gifts from her grandchildren and an homage to the critters that run around her farm alongside deer and coyotes. They line the shelves of the wooden walls around the house she built with her husband. In 1978, they used lumber from their land to build a three-story cabin, and stones from the nearby creek for the fireplace. Since before the Civil War, her family has lived on the land around Big Pond Road. She grew up on tobacco fields and raised her kids on them, too. But now, Huddleston and her daughter, Delsia Bare, live in the house together alone. Widowed from their husbands, they look after each other. One day in May, Chuck Marshall, a local real estate agent, showed up at their door, Bare said. He, too, was working with the county on behalf of the mysterious new energy customer. He offered them a contract and then a warning: If they didn't sell their land, EKPC might be able to take it using eminent domain. Utility companies have used eminent domain to seize land before. In Virginia, the so-called 'data center capital of the country,' Dominion Energy invoked it against a farmer when they were looking to build transmission lines in April. Growing up, Bare watched her parents' farmland get portioned off by eminent domain when the county claimed some of it for a landfill. 'Here they come again,' Huddleston thought, 'wanting the whole entire thing now.' At the end of May, the county circled back. 'If we take the money, it hurts our neighbors,' Bare said. Still agonized over their decision, they took the deal because they felt like they had little choice. They wanted to get ahead of what they might stand to lose, so they signed the contracts, unsure of exactly what their land might be used for. She and Bare don't know where they'll go if the county makes good on its offer. At 81 years old and nearly 40 years in the same house, Huddleston can't imagine living anywhere else. 'Everybody thinks they own a piece of land. They own this, they own that. They don't own any of it;, God's just letting you use it for a little while you're down here,' Huddleston said. ''Course I hate to give it up while I'm living.' Marshall, who signed an NDA about the development, declined to comment. 'One of the largest companies in the world' Early on the morning of July 15, the Grossers stood in the doorway of a packed room at a county building in Maysville. Andy Grosser used vacation time to attend the Fiscal Court meeting with his youngest daughter, Mallory, in tow. He stood in a throng of familiar faces wearing a shirt that read, 'America needs farmers.' The data center project wasn't on the agenda for the day, but residents who knew about it hoped to voice their opposition and ask for transparency from their elected officials. Moran, who organized 'We are Mason County,' a Facebook group where he posts information related to the development, spoke first. 'Have you signed a non-disclosure agreement?' Moran asked the board. 'I'm currently under 12 to 14 non-disclosure agreements,' said McNeil, the judge-executive. District Commissioners Chris O'Hearn and Joe McKay, who sit on the Fiscal Court, both said they'd signed NDAs. Commissioner Peggy Frame said she hadn't. 'Who is this entity?" Moran asked, pressing further. 'The majority of those we're talking to are American companies,' McNeil said. Sitting across from the commissioners, County Attorney John Estill wouldn't confirm plans for a data center, but he told the crowd that if a project progressed far enough along, residents would be involved in county discussions about financing and zoning changes. He said county initiatives in later stages would include public input, but a plan in the very early stages necessitated confidentiality to protect a business' proprietary information. ' There's a time for this discussion, there's a time for answers,' Estill said. 'I pray we get to that day.' In a corner of the room, standing with the onlookers, McHugh, the head of the Maysville-Mason County Industrial Development Authority, observed the proceedings quietly. Near the end, prompted by McNeil on a question about renewable energy, he stepped forward and spoke up from the back row. 'I'll be right here after this meeting,' he said over the frustrated crowd. 'I'll be glad to talk to anybody.' After public comment ended, the unsatisfied group funneled out of the building. Landowners wearing ball caps and boots huddled around McHugh, who met them on the street in his blue suit. There, under a beating sun, he finally confirmed what they had long suspected: The EKPC's potential 'new customer' was a data center. He didn't stop there. The company is surveying about 5,000 acres near Big Pond and Tuckahoe roads to see what the best fit would be and avoid areas like Beasley Cemetery and smaller private graveyards, McHugh said. It would ultimately use roughly half of that acreage for its data center campus. All in all, he's been told the project would employ 400 people in the county for the long term. At 2.2 gigawatts and around 2,500 acres, equivalent to four square miles, the data center would be comparable in size and scope to existing AI data centers like Amazon's in Indiana. The project would not bring solar farms to the area, he said. He told the crowd the county had no intention of using eminent domain. And while he refused to divulge the name of the 'new customer,' McHugh offered some clues. 'This is not your typical 95% of data centers,' he said. 'This is a Fortune 20 company, one of the largest companies in the world.' Tell us what you think. Submit your letter to the editor. Just the beginning Along county roads, bright red yard signs are multiplying. They read, 'No data center. Not here. Not now. Never.' In nearby Germantown, residents ducked into a church basement under low-hanging fluorescent lights. They were part of 'We are Mason County,' the group that started online and now has nearly 1,000 members. On that rainy Sunday, 35 of them gathered to dissect what they'd heard at the Fiscal Court meeting earlier in the week and to plot their next steps. Jason Sheppeck, who helped organize against solar farms in the county a few years ago, outlined a plan of action. Moran's mother, Laura, and others scribbled notes, ready to participate in a municipal crusade they know won't be easily won. Standing at the front of the room, next to a portrait of Jesus, Moran honed in on his message. The land left over in the state, and in the county, is limited, and he doesn't want to see it spent on a covert county initiative with little public support. 'They don't make land no more,' he said, repeating an old family adage. Over the sound of impassioned chattering and the AC's intermittent cranking, one prevailing question loomed over the group sheltering from the dreary evening outside: What billionaire corporation is behind the mysterious data center? They hope they'll never have to find out. More: Kentucky is welcoming a data center boom. But what are the environmental costs? This article is part of a collaboration between The Courier Journal and Boyd's Station, a Kentucky non-profit that provides emerging artists and student journalists a rural place to hone their craft. Sarah Henry received the 2025 Mary Withers Rural Writing Fellowship grant at Boyd's Station. This article originally appeared on Louisville Courier Journal: KY county wants residents to sell land for mysterious development Solve the daily Crossword
Business Upturn
an hour ago
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It is alsolicensed and regulated in South Dakota and New York State, and registered with FinCEN as a Money Services Business. Its Singapore subsidiary holds a Major Payment Institution license from MAS, and its infrastructure has completed the SOC 2 Type 2 security audit. The scale of digital assests under BitGo's management has grown from approximately $60 billion at the beginning of the year to over $100 billion in the first half of 2025, serving more than 1,500 institutional clients worldwide, and positioning the company as a global leader in digital asset infrastructure.' AEHL will leverage its expertise in digital asset trading, cross-border settlement, and compliance to efficiently execute the Bitcoin purchases. All acquisitions will be fully verifiable on-chain, and any use of funds will require strict authorization procedures, thereby minimizing risks and ensuring the security of funds and assets. The current market environment provides strong support for AEHL's strategy. Bitcoin's price has steadily surpassed $120,000, with a total market capitalization exceeding $2.4 trillion, making its position as the fifth-largest asset globally. U.S. regulations are becoming increasingly clear , crypto asset ETF inflows continue to strengthen, and institutional demand is growing rapidly. The Company believes these trends will further enhance the global recognition of digital assets and create favorable conditions for long-term capital appreciation. 'We are not merely entering the Bitcoin market; we are building a future-oriented digital capital structure rooted in institutional discipline, transparency, and security,' Ms. Zhang continued. 'We firmly believe that Bitcoin's scarcity and the global consensus it represents will form an essential part of future capital markets, and AEHL is committed to being a determined builder and long-term holder in this transformation.' As a Nasdaq-listed Company, AEHL will continue to fulfill its information disclosure obligations by regularly updating the market on its purchase schedules, holdings, average acquisition prices, and on-chain storage arrangements, while also actively pursue strategic expansion opportunities in the Web3 and crypto-finance sectors. About Antelope Enterprise Holdings Limited Antelope Enterprise Holdings Limited engages in energy infrastructure solutions through natural gas power generation via its wholly owned subsidiary AEHL US LLC ('AEHL US') and holds a 51% ownership position in Hainan Kylin Cloud Services Technology Co. Ltd ('Kylin Cloud'), which operates a livestreaming e-commerce business in China. Kylin Cloud provides access to over 800,000 hosts and influencers. For more information, please visit our website at Safe Harbor Statement Certain of the statements made in this press release are 'forward-looking statements' within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this press release include, without limitation, the continued stable macroeconomic environment in the PRC, the consumer and technology sectors continuing to exhibit sound long-term fundamentals, and our ability to continue to grow our business management, information system consulting, and online social commerce and live streaming business. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as 'may,' 'will,' 'anticipate,' 'assume,' 'should,' 'indicate,' 'would,' 'believe,' 'contemplate,' 'expect,' 'estimate,' 'continue,' 'plan,' 'point to,' 'project,' 'could,' 'intend,' 'target' and other similar words and expressions of the future. All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2024 and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made. Contact Information:Antelope Enterprise Holdings LimitedXiaoying Song,Chief Financial Officer [email protected]
