Day: July 2, 2023

ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Viatris Inc. Investors to Secure Counsel Before Important July 14 Deadline in Securities Class Action – VTRS

Post author By admin
Post date July 2, 2023

NEW YORK, July 01, 2023 (GLOBE NEWSWIRE) — WHY: New York, N.Y., July 1, 2023. Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Viatris Inc. (NASDAQ: VTRS) between March 1, 2021 and February 25, 2022, both dates inclusive (the “Class Period”), of the important July 14, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Viatris common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Viatris class action, go to https://rosenlegal.com/submit-form/?case_id=16292 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 14, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Viatris was experiencing significantly more competition in its United States complex generics business than disclosed; (2) Viatris was not able to effectively manage its base business erosion or create a stable revenue base; (3) despite being one of the Company’s only growth drivers, Viatris was actively planning to divest its biosimilars business in order to secure enough cash to let it purportedly meet its phase one goals; (4) Viatris was deviating from the business model it touted through the Class Period and undertaking a significant global reshaping of its business which would undermine its ability to achieve stable revenue growth; (5) Viatris was anticipating less financial growth moving into 2022; and (6) as a result of the foregoing, Viatris’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Viatris class action, go to https://rosenlegal.com/submit-form/?case_id=16292 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8867790

Press Releases

ROSEN, A LEADING LAW FIRM, Encourages GDS Holdings Limited Investors with Losses to Secure Counsel Before Important Deadline in First Filed Securities Class Action Commenced by the Firm – GDS

Post author By admin
Post date July 2, 2023

NEW YORK, July 01, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of GDS Holdings Limited (NASDAQ: GDS) between April 12, 2021 and April 3, 2023, both dates inclusive (the “Class Period”), of the important August 21, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased GDS securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the GDS class action, go to https://rosenlegal.com/submit-form/?case_id=17143 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 21, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) Defendant Huang had engaged in undisclosed pre-paid forward sale contract transactions as early as May 2020; (2) this presented a risk of Defendant Huang’s ownership going below 5% of the Company’s outstanding shares; (3) if Huang’s ownership dipped below 5%, it would result in a change of control of the Company which, as the Company admitted, could result in disastrous consequences; and (4); as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the GDS class action, go to https://rosenlegal.com/submit-form/?case_id=17143 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40^th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8867816

Press Releases

ROSEN, LEADING INVESTOR COUNSEL, Encourages Virtu Financial, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – VIRT

Post author By admin
Post date July 2, 2023

NEW YORK, July 01, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Virtu Financial, Inc., (NASDAQ: VIRT) between March 1, 2019 and April 28, 2023, both dates inclusive (the “Class Period”) of the important July 18, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Virtu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Virtu class action, go to https://rosenlegal.com/submit-form/?case_id=16420 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 18, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Virtu maintained deficient policies and procedures with respect to its information access barriers; (2) accordingly, Virtu had overstated the Company’s operational and technological efficacy as well as its capacity to block the exchange of confidential information between departments or individuals within the Company; (3) the foregoing deficiencies increased the likelihood that Virtu would be subject to enhanced regulatory scrutiny; and (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Virtu class action, go to https://rosenlegal.com/submit-form/?case_id=16420 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

GlobeNewswire Distribution ID 8867812

General

Syrian Ambassador in Baghdad, Iraqi Prime Minister discuss enhancing bilateral ties

Post author By admin
Post date July 2, 2023

Iraqi Prime Minister Muhammad Shia’ al-Sudani and Syrian Ambassador in Baghdad, Sattam Jadaan al-Dandah discussed boosting cooperation between the two countries.

“The talks discussed bilateral relations between the two countries and several issues of common concern,” a statement by the Iraqi prime minister’s office said on Sunday.

The two sides stressed the importance of establishing fruitful and constructive cooperation in various economic sectors, which strengthens the bilateral ties and serves the interest of both countries to achieve prosperity and development, added the statement.

Ambassador al-Dandah said in a statement to SANA reporter that “the meeting highlighted the keenness to upgrade the brotherly, deep-rooted relations binding Syria and Iraq, noting the importance of exchanging visits and broadening the scope of cooperation to address common challenges.

Source: Syrian Arab News Agency

General

Passport Department at Prince Mohammad bin Abdulaziz International Airport Continues Processing Departure Procedures of Pilgrims

Post author By admin
Post date July 2, 2023

The Passport Department at Prince Mohammad bin Abdulaziz International Airport in Madinah is diligently carrying out the departure procedures for pilgrims who have completed their Hajj rituals.

The Passport Department has affirmed its preparedness to handle the departure procedures of pilgrims at all ports. To ensure a seamless process, the passport platforms have been reinforced with additional human resources and advanced technological devices. These measures have been put in place to provide all the necessary services, making the departure of pilgrims a smooth and convenient experience.

Source: Saudi Press Agency

General

Jazan Border Guards Thwart Smuggling of 60 kg of Khat

Post author By admin
Post date July 2, 2023

The land patrols of the Border Guards operating in the Al-Ardah sector, located in Jazan region, successfully foiled a smuggling attempt of 60 kilograms of khat. The legal procedures were promptly carried out, and the confiscated items were handed over to the appropriate authority.

The security authorities strongly urge both citizens and residents to report any information related to drug smuggling activities. They can contact the number (911) in the Makkah, Riyadh, and Eastern regions, or dial the number (999) in other regions of the Kingdom. Alternatively, they can reach out to the General Directorate of Narcotics Control (GDNC) at the number (995) or via email at 995@gdnc.gov.sa. It is important to note that all reports will be treated with the utmost confidentiality, as emphasized by the GDNC.

–SPA

Source: Saudi Press Agency

General

Al-Sawaha Meets Major Technology Innovation and Space Companies in Hong Kong

Post author By admin
Post date July 2, 2023

The Minister of Communications and Information Technology, Eng. Abdullah bin Amer Al-Sawaha, conducted a meeting today titled “One Gate for a Common Vision,” in the presence of the CEO of the Hong Kong Region, John Lee, where he discussed joint ventures between Saudi Arabia and Hong Kong.

The meeting focused on exploring investment opportunities that align with Saudi Vision 2030, which aims to transition towards a partnership-based and innovative economy. Al-Sawaha highlighted the significant achievements made under the leadership of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, in building a digital society, a digital economy, and an efficient digital government. These achievements were made possible due to the Kingdom’s strong technical workforce and competencies, making it the leading hub of technological capabilities and innovation in the region.

Al-Sawaha also emphasized the Kingdom’s emergence as a global centre for technology and women’s empowerment in the technical sector, with a growth rate increasing from 7% in 2017 to 33% today. Furthermore, he highlighted the remarkable progress in venture capital investments and technology in Saudi Arabia.

Al-Sawaha emphasized the investment opportunities provided by the technology ecosystem in Saudi Arabia, urging companies to invest in various sectors, including digital health, tourism, and innovative energy and industrial fields.

During the opening speech, the Chief Executive of Hong Kong, John Lee, commended Saudi Arabia’s Vision 2030.

The meeting aims to strengthen government relations in the technical fields, enhance the development of emerging national companies’ systems, and attract venture capital. It is part of the agenda for the delegation’s visit to the People’s Republic of China by the telecommunications team.

–SPA

Source: Saudi Press Agency

General

Minister of Economy and Planning reveals UpLink Winners at WEF’s Annual Meeting of the New Champions

Post author By admin
Post date July 2, 2023

The Minister of Economy and Planning, Faisal F. Alibrahim, attended the World Economic Forum’s (WEF) Annual Meeting of the New Champions in Tianjin, China, on June 27-29, during which several key announcements were made.

The three-day gathering was attended by over 1,500 global leaders from business, government, civil society, and other international organizations, who explored solutions to critical challenges such as the energy transition as well as the overall wellbeing of our planet.

HE Alibrahim attended several bilateral sessions throughout the event. This included meetings with Dr. Emilija Stojmenova Duh, Minister of Digital Transformation of Slovania, Mr. Hrvoje Bujanovic, State Secretary at the Ministry of Economy and Sustainable Development of Croatia, WEF President Borge Brende and other senior officials attending the forum. During the meetings, HE Alibrahim discussed areas of further collaboration and opportunities and recent regional and global development.

During the conference, His Excellency Alibrahim announced the ten winners of the “Food Ecosystems in Arid Climates” Challenge, organized in partnership with WEF’s Uplink. Participants who took part in the challenge answered an open call to share innovative solutions that enhance food security during a time when the world is facing intensified droughts and desertification.

The winners were awarded funding and support to take their ideas to the next level, while also enhancing their own visibility as well as accessing networking opportunities. There were two Saudi winners: Jeddah-based Mishkat, which uses hydroponic agriculture to reduce the Kingdom’s reliance on imported foods, and Thuwal-based Terraxy, which is working to enhance irrigation efficiency and soil fertility under extremely hot and dry conditions.

These start-ups, alongside the additional winners outlined below, won the first of two challenges focused on food systems:

AgroTech+ (Kenya)

Dedicated to the production of affordable, solar-powered cold storage units for small-scale rural farmers in arid climates.

Desert Control (Norway)

Specializes in AgTech solutions to combat desertification, soil degradation, and water scarcity.

Hydroponics Africa (Kenya)

Offers innovative hydroponic solutions that allow farmers to grow nutritious food crops and animal fodder at lower costs.

Orbilion (United States)

Tackles food insecurity and the climate crises by producing cell-cultured meat that is safe, scalable, and sustainable.

RDI (United States)

Offers the world’s first plant-responsive irrigation and fertigation system, reducing the overuse and waste of water from inefficient irrigation practices.

Smart Oasis Farm (UK)

A vertical farming solution using leading-edge technologies that enables food production with high yield and low operating costs under any weather conditions.

Vivent Biosensor (Switzerland)

A Swiss deep-tech SME developing applications linked to naturally occurring bioelectrical signals in plants, which are complex and difficult to interpret.

Yolélé (United States)

A purpose-driven natural food company centred on fonio, an ancient African super grain that has been cultivated for more than 5,000 years.

While this initial batch of winners will continue to benefit from the platform that UpLink provides, the next challenge, focused on climate-smart agriculture, was also announced during the event.

It seeks to improve living standards through boosting food production, responding to climate effects and enhancing food ecosystems.

The idea is present solutions that empower farmers and others in the food industry to use climate-smart agriculture in a sustainable way, while also reducing the effects of climate change and incentivize resilient solutions.

It also calls on more innovation from within the same sector by boosting the production of food that protects and replenishes the planet through carbon capture, which could have a huge impact if replicated on a mass scale.

Both Uplink Innovation Challenges are funded by the Ministry of Economy and Planning, alongside 17 other entities, including: 3 BL Associates, Act4Food Act4Change, Centre for the Fourth Industrial Revolution in the Kingdom of Saudi Arabia (C4IR KSA), Clim-Eat, Cornucopian Capital, EAT, Innovative Institute for Food and Health, King Abdulaziz City for Science and Technology (KACST), Manuia, Ministry of Environment, Water and Agriculture KSA, Federation of Saudi Chambers, Omnivore, Sentient Ventures, Social Gastronomy, Movement, Unilever, WFP Innovation Accelerator, and World Food Forum. The “Food Ecosystems in Arid Climates” challenge has received nearly 200 solutions that have been assessed by various experts at the World Economic Forum and representatives from the Kingdom of Saudi Arabia in order to encourage positive change for people and planet.

Source: Saudi Press Agency

General

Britain, Australia, Canada Say Settlement Expansion in West Bank Hampers Peace Efforts

Post author By admin
Post date July 2, 2023

Governments of Britain, Australia and Canada called on the Israeli government to backtrack on its decision to build new settlement units in the occupied West bank.

In a joint statement, the ministers of foreign affairs of the three countries stressed that the expansion of settlements impedes peace efforts and adversely affects the two-state solution through negotiations.

The statement called on the Israeli entity to backtrack on these decisions, pointing out that the Israeli authorities’ approval to carry out new settlement schemes on the occupied territories threatens the opportunities of establishing a viable Palestinian state and the two-state solution as the only guarantee for a permanent peace.

The statement came after the Israel’s Supreme Planning Council’s announcement last week to build over 5600 new settlement units in the occupied West Bank.

Source: Qatar News Agency

General

Palestinian Ministry of Foreign Affairs Calls For International Intervention to Stop Israeli Aggression on Jerusalem

Post author By admin
Post date July 2, 2023

The Palestinian Ministry of Foreign Affairs on Sunday called on the international community, the US administration, and the United Nations to urgently intervene to stop the constant Israeli aggression on Jerusalem City and its sanctities and provide international protection to the Palestinian people.

In a statement, the ministry condemned settlers and extremists’ daily incursions into the blessed Al Aqsa Mosque which are supervised, organized, and protected by the occupation forces and far-right settlement associations, warning against the continuity of daily and persistent incursions into Al Aqsa which pose a dangerous escalation to consolidate the temporal and spatial division of the Mosque.

The Israeli consecutive governments will proceed with implementing their attempts that aim to pull out Jerusalem from the final negotiations as an entry to sabotage the opportunity of the embodiment of the Palestinian State to be replaced with religious conflict concepts with the intention to conceal the existence of the Israeli occupation on the territory of the State of Palestine, the ministry asserted.

The statement stressed that the Israeli entity government bears full and direct responsibility for incursions and provocative practices of extremists, warning against dealing with these incursions as a status quo imposed by the occupation’s power.

Source: Qatar News Agency