Day: April 26, 2022

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ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Twitter, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action Against Elon Musk – TWTR

NEW YORK, April 25, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds sellers of the common stock of Twitter, Inc. (NYSE: TWTR) between March 24, 2022 and April 1, 2022, inclusive (the “Class Period”), of the important June 13, 2022 lead plaintiff deadline.

SO WHAT: If you sold Twitter 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 Twitter class action, go to https://rosenlegal.com/submit-form/?case_id=5134 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 June 13, 2022. 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: Elon Musk, the founder of Tesla and Space-X, and according to Forbes, the richest person in the world, began acquiring shares of Twitter in January 2022. By March 14, 2022, Musk had acquired more than a 5% ownership stake in Twitter, requiring him to file a Schedule 13 with the United States Securities and Exchange Commission (“SEC”) within 10 days, or March 24, 2022. However, Musk did not file a Schedule 13 with the SEC within the required time and instead continued to amass Twitter shares, eventually acquiring over a 9% stake in the Company before finally filing a Schedule 13 on April 4, 2022.

Upon Musk belatedly filing the required Schedule 13, which first revealed his ownership stake in Twitter to the public, the Company’s shares rose from a closing price of $39.31 per share on April 1, 2022, to close at $49.97 per share on April 4, 2022 – an increase of 27%.

Investors who sold shares of Twitter between March 24, 2022 and April 4, 2022 missed the resulting share price increase as the market reacted to Musk’s purchases. By failing to timely disclose his ownership stake, Musk was able to acquire shares of Twitter less expensively during the Class Period.

To join the Twitter class action, go to https://rosenlegal.com/submit-form/?case_id=5134 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

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ROSEN, A LEADING LAW FIRM, Encourages Rivian Automotive, Inc. Investors with Losses to Secure Counsel Before Important May 6 Deadline in Securities Class Action – RIVN

NEW YORK, April 25, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Rivian Automotive, Inc. (NASDAQ: RIVN) pursuant to or traceable to Rivian’s Initial Public Offering (“IPO”) on November 10, 2021 of the important May 6, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Rivian securities pursuant or traceable to the IPO 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 Rivian class action, go to https://rosenlegal.com/submit-form/?case_id=3880 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 May 6, 2022. 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, the IPO offering documents were materially inaccurate, misleading, and/or incomplete because they failed to disclose, among other things, that the R1T electric pickup truck and the R1S electric sport utility vehicle (SUV) were underpriced to such a degree that Rivian would have to raise prices shortly after the IPO and that these price increases would tarnish Rivian’s reputation as a trustworthy and transparent company and would put a significant number of the existing backlog of 55,400 preorders along with future preorders in jeopardy of cancellation.

To join the Rivian class action, go to https://rosenlegal.com/submit-form/?case_id=3880 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

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ROSEN, LEADING INVESTOR COUNSEL, Encourages Lucid Group, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – LCID

NEW YORK, April 25, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Lucid Group, Inc. (NASDAQ: LCID) between November 15, 2021 and February 28, 2022, inclusive (the “Class Period”), of the important May 31, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Lucid 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 Lucid class action, go to https://rosenlegal.com/submit-form/?case_id=4992 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 May 31, 2022. 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business and operations. Specifically, Defendants overstated Lucid’s production capabilities while concealing that “extraordinary supply chain and logistics challenges” were already significantly hampering the Company’s operations. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Lucid class action, go to https://rosenlegal.com/submit-form/?case_id=4992 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

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Open Society Condemns Travesty of Justice in Kavala Verdict

New York, April 25, 2022 (GLOBE NEWSWIRE) — The Open Society Foundations are appalled by today’s Turkish court decision to sentence Osman Kavala—the business leader and philanthropist—to life in prison, even though no credible evidence was ever presented to substantiate the baseless charges against him.

“Today a Turkish judge ruled against Osman Kavala even though there is not a shred of legitimate evidence against him,” said Mark Malloch-Brown, the president of the Open Society Foundations. “This bogus trial has utterly failed to meet the most basic standards for fairness and procedural justice.”

The court in Istanbul also sentenced seven other defendants to 18 years in prison each. The cases against these defendants were also without any merit.

Osman Kavala was first arrested and detained in October 2017. The government has held him, without conviction prior to today, for more than four years.

During that time, Turkish prosecutors have bent over backwards to try to keep Kavala in prison, even having him re-arrested in February 2020, after a previous trial ended with him being briefly released.

“This is not about justice,” added Malloch-Brown. “It is about trying to intimidate and silence anyone who might speak up in defense of human rights in Turkey, including all independent civil society groups.”

In December 2019, the European Court of Human Rights (ECHR) ruled that Kavala’s detention was unjustified, and that the case against him was designed to silence him and to dissuade other human rights defenders from speaking out.

Turkey has so far defied the ECHR ruling.

Kavala is an established businessman and philanthropist, known for his support of human rights, the arts, and culture in Turkey. He also served as a board member with Open Society’s foundation in Turkey. (Open Society Turkey shut its doors in 2018 due to harassment from the Turkish government.)

Kavala is expected to appeal the court ruling.

“It is long past time to end this legal farce,” added Malloch-Brown. “Osman Kavala should be released and his name cleared immediately.”

Office of Communications
Open Society Foundations 
(212) 548-0378
media@opensocietyfoundations.org
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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm – LICY, PDAC

NEW YORK, April 25, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. (NYSE: LICY, PDAC) between February 16, 2021 and March 23, 2022, inclusive (the “Class Period”) of the important June 20, 2022 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Li-Cycle 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 Li-Cycle class action, go to https://rosenlegal.com/submit-form/?case_id=4885 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 June 20, 2022. 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Li-Cycle’s largest customer, Traxys North America LLC, is not actually a customer, but merely a broker providing working capital financial to the Company while Traxys tries to sell Li-Cycle’s product to end customers; (2) the Company engaged in highly questionable related party transactions; (3) the Company’s mark-to-model accounting is vulnerable to abuse and gave a false impression of growth; (4) a significant portion of the Company’s reported revenues were derived from simply marking up receivables on products that had not been sold; (5) the Company’s gross margins have likely been negative since inception; (6) the Company will require an additional $1 billion of funding to support its planned growth (which is a figure greater than the Company raised via the merger); and (7) 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 Li-Cycle class action, go to https://rosenlegal.com/submit-form/?case_id=4885 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

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PM directs to end load-shedding by May 1

Prime Minister Shehbaz Sharif has directed to end load-shedding in the country by the 1st of May after resolving all the issues.

Chairing a high level meeting in Islamabad on Tuesday regarding announced and unannounced power outages, he said the people cannot be put into trouble due to load-shedding in the summer season.

Shehbaz Sharif directed the authorities concerned to evolve a sustained and smooth mechanism of fuel supply and that in summer season, advance planning of one month be done.

The Prime Minister also sought a long term effective plan to end the losses of loss making power distribution companies.

Shehbaz Sharif also took notice of complaints of artificial shortage of diesel during the harvesting of crops. He directed that those creating artificial shortage must be identified and action taken against them.

He directed the authorities concerned to ensure uninterrupted supply of diesel to the farmers to operate the agriculture related machinery. He said district administration in rural areas should make sure that the farmers do not face any difficulty in getting diesel.

The meeting was informed that out of twenty-seven power houses shut over the last more than one year, twenty has been made functional. Resultantly, the power generation has increased.

The meeting was informed that the previous government did not ensure timely provision of fuel to operate the power houses. Other factors of load shedding were the criminal negligence meted out to timely repair and maintenance of power houses. The present government not only arranged fuel in a matter of two weeks but the issue of load-shedding is also being addressed by increasing the electricity generation.

It was informed that the total power generation has reached eighteen thousand and five hundred megawatts. In terms of demand, there is a shortfall of five hundred to two thousand megawatts.

Source: Radio Pakistan

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PM reaffirms commitment to solidifying partnership with BMGF

Prime Minister Muhammad Shehbaz Sharif has underscored that Pakistan deeply values its cooperation with Bill and Melinda Gates Foundation and committed to further solidifying its fruitful partnership with the Foundation in all the ongoing areas of work.

He was talking with Co-Chair of the Bill & Melinda Gates Foundation Bill Gates on telephone on Tuesday.

During the conversation, both the leaders discussed the ongoing public health and social sector programmes supported by BMGF in Pakistan, including polio eradication and the Foundation’s support towards improving immunization, nutrition and financial inclusion services in Pakistan.

The Prime Minister said that Pakistan has maintained progress towards polio eradication and appreciates the invaluable assistance provided by BMGF in that regard.

Shehbaz Sharif stressed that his government remained committed to eradicate all forms of polio from the country. He expressed grave concern on the first case of poliovirus in 2022, after 15 months, which was recently confirmed in a child in North Waziristan.

He said a special emergency response plan for South Khyber-Pakhtunkhwa province is already under implementation to scale up and improve the quality of the polio eradication programme.

On the occasion, Bill Gates acknowledged the positive progress and reiterated the Foundation’s continued support to Pakistan for ensuring that no child is at risk of paralysis due to poliovirus.

Both the leaders also exchanged views on Pakistan’s COVID-19 vaccination drive and discussed BMGF’s support for various other government-led programmes aimed at addressing malnutrition and stunting, essential immunisation services, operationalisation of micropayment gateways financial inclusion, and digitization of the National Savings Programme.

Source: Radio Pakistan

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PM vows to investigate terror attack on Chinese nationals

Prime Minister, Shahbaz Sharif on Tuesday visited Chinese Embassy in Islamabad and expressed resolve to investigate the terrorist attack on Chinese nationals expeditiously and take the culprits to the task.

During his visit to the embassy, he met Chinese Charge d’Affaires Ms Pang Chunxue. He also wrote a special message of condolence to Chinese President Xi Jinping.

The Prime Minister expressed sorrow and grief over the death of Chinese nationals in a van blast at Karachi University. He said the entire Pakistani nation is in shock and grief over the brutal attack on its Iron Brothers.

He said the people of Pakistan extend their heartfelt sympathies and condolences to the government, people and families of the victims.

Condemning the incident, Shehbaz Sharif expressed Pakistan’s determination to eradicate all forms of terrorism and terrorists from its soil.

He directed Interior Minister Rana Sanaullah to reach Karachi on Wendesday. He said we will not sit idle until criminals are arrested and punished. He said those who took the lives of Chinese nationals will be hanged.

The Prime Minister said that make all arrangements will be made for repatriation of dead bodies and return of injured with honour and respect.

He also ordered to increase the security of Chinese nationals and organizations working in Pakistan. He said no stone will be left unturned to bring the culprits to justice.

Prime Minister Shehbaz Sharif also recorded his impressions in the condolence book at the embassy.

Source: Radio Pakistan