Business Advisory Firm Embark Announces Record $105.7 Million Revenue Year

Embark achieved 121% growth, surpassing triple digits for the fifth time in the last six years while expanding into new markets and practice lines across America

DALLAS, Jan. 24, 2023 /PRNewswire/ — Business advisory firm Embark is thrilled to announce $105.7 million in total revenue for 2022, a record figure that more than doubles 2021 revenue. At 121% growth, 2022 is also the fifth time in the last six years the firm has realized triple-digit revenue growth. Despite growing economic headwinds, Embark’s consistent hyper-growth continues to broaden its footprint across the professional services industry.

Further highlighting its ongoing success, Embark also expanded into Nashville in 2022, making it the firm’s eleventh office across eight different states. As one of the fastest-growing private companies in the U.S., Embark nearly doubled its headcount from 275 employees at year-end 2021 to 500, with a growth strategy in place to expand its footprint

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Immigration backlog hits 2 million with wait times dragging up to 4 years

McALLEN, Texas (Border Report) — The total number of pending immigration cases now tops 2 million with average backlog wait times of four years, according to a new report.

And for the first time ever, the number of pending asylum cases exceeds 800,000, according to the report this week by Transactional Records Access Clearinghouse (TRAC) of Syracuse University.

The report also found that there has been a significant drop in the number of Venezuelans claiming asylum, notably after the Department of Homeland Security in October ordered Venezuelans who cross illegally between ports of entry back to Mexico. Prior to that, Venezuelans had been exempt from Title 42 due to the United States’ lack of diplomatic relations with the Venezuelan government.

But earlier this month, Mexico agreed to accept Haitians, Cubans and Nicaraguans in addition to Venezuelans three months ago.

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TRV GP Iii LLC Has $71.07 Million Holdings in Revolution Medicines, Inc. (NASDAQ:RVMD)

TRV GP Iii LLC lowered its position in shares of Revolution Medicines, Inc. (NASDAQ:RVMD – Get Rating) by 29.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,604,130 shares of the company’s stock after selling 1,500,000 shares during the quarter. Revolution Medicines makes up approximately 31.0% of TRV GP Iii LLC’s holdings, making the stock its 2nd biggest holding. TRV GP Iii LLC owned approximately 4.11% of Revolution Medicines worth $71,073,000 at the end of the most recent reporting period.

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A number of other hedge funds have also made changes to their positions in RVMD. MetLife Investment Management LLC increased its position in shares of Revolution Medicines by 58.5% during the 1st quarter. MetLife Investment Management LLC now owns 34,256 shares of the

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Avory & Company LLC Has $13.88 Million Position in Capri Holdings Limited (NYSE:CPRI)

Avory & Company LLC cut its holdings in shares of Capri Holdings Limited (NYSE:CPRI – Get Rating) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361,073 shares of the company’s stock after selling 15,953 shares during the period. Capri makes up 11.8% of Avory & Company LLC’s portfolio, making the stock its 3rd biggest position. Avory & Company LLC owned about 0.25% of Capri worth $13,880,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. AlphaCrest Capital Management LLC increased its position in Capri by 65.6% during the first quarter. AlphaCrest Capital Management LLC now owns 7,288 shares of the company’s stock valued at $375,000 after acquiring an additional 2,888 shares during the last quarter. Great West Life Assurance Co. Can bought a

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Martha’s Vineyard migrant flight lawsuit could cost Florida $1 million

TALLAHASSEE — Florida has agreed to pay up to $1 million to two law firms to defend it following Gov. Ron DeSantis’ controversial decision last summer to relocate nearly 50 Venezuelan migrants from Texas to Martha’s Vineyard, Massachusetts. 

So far, the state has paid nearly $112,000 to the firms Consovoy McCarthy and Campbell Conroy & O’Neil to represent DeSantis and other state officials in a class action lawsuit filed in Boston by attorneys representing the migrants. 

This is on top of the nearly $1.6 million paid to Destin, Fla.-based aviation firm Vertol Systems Company, which the state contracted for the migrant flights.

Post-flights overview:Revisiting DeSantis, Martha’s Vineyard, and the migrant flight controversy

Administration’s role on flights:Text messages reveal DeSantis officials worked closely for weeks on Venezuelan migrant flights

When combined, it represents a cost of around $35,000 for each migrant relocated through the program.

The legal contracts were

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