PTCL Group, PUBG MOBILE announce partnership for collaborative gaming activities

Islamabad, February 09, 2023 (PPI-OT):Pakistan’s largest telecommunication group – PTCL and Ufone 4G announced partnership with PUBG MOBILE through their newly launched E-Sports gaming platform GameKey for a series of collaborative gaming activities throughout the year.

A special ceremony was held in Islamabad to announce this partnership. Shahbaz Khan, Vice President Wireless Commercial PTCL and Ufone, and Khawar Naeem, Country Head Pakistan, Tencent Games, participated in the ceremony along with senior officials from both sides.

PTCL Group has undertaken ambitious measures to diversify its portfolio and enhance its impact on Pakistan’s gaming landscape. The group’s newly launched state-of-the-art gaming platform ‘GameKey’ is currently hosting one of the largest E-Sports gaming tournaments in Pakistan, ‘GameKey Arena’ in collaboration with PUBG MOBILE.

Speaking at the ceremony, Shahbaz Khan, Vice President Wireless Commercial PTCL and Ufone said, “PTCL Group is the company of choice for connectivity and digital requirements of the people of Pakistan. Through our latest arrangement with PUBG MOBILE, we look forward to enhancing our relevance and future readiness vis-à-vis the evolving digital requirements of our younger generations. Pakistan has an immense talent for E-Sports and we hope to channel this potential by providing an effective platform and valuable opportunities to the youth.”

“We are glad to enter into this partnership with PTCL and Ufone 4G to bring a better gaming experience to Pakistani gamers,” Khawar Naeem said in his address. “Pakistan is an emerging E-sports market and our gamers have demonstrated their talent and skill at various global tournaments. We are confident that our partnership with PTCL Group will further strengthen Pakistan’s gaming culture and help promote new talent.”

PTCL and Ufone 4G will undertake various initiatives under this partnership to promote online gaming in Pakistan. The company has introduced a standalone monthly PUBG MOBILE gaming offer that provides 10 GB PUBGM data for just Rs. 100 to make online gaming more affordable and accessible for all.

To create traction of the package, a social media campaign is being designed wherein a selected group of 1000 Ufone subscribers will receive free PUBGM in-app item. PTCL Group and PUBG MOBILE’s collaborative initiative, GameKey Arena tournament received an overwhelming response from the Pakistani gaming community. Going forward, the tournament is set to become a calendar event for professional and aspiring gamers to demonstrate their talent and test their skills against the best lot in the country.

The launch of a futuristic gaming platform, and online sports tournaments for young gamers will consolidate PTCL and Ufone 4G’s standing as youth-centric brands with the will and vision to meet the evolving digital needs of the younger generation.

For more information, contact:
Pakistan Telecommunication Company Limited (PTCL)
F-8 Exchange, Nazim-Ud-Din Road F-8/1,
Islamabad, Pakistan
Tel: +92-51-111-20-20-20
Fax: +92-51-111-21-21-21
Email: shahzad.khalil@ptcl.net.pk
Website: www.ptcl.com.pk

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Politicians should not fill up the jails but hungry stomachs

Islamabad, February 09, 2023 (PPI-OT):Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Thursday said politicians should not focus on ‘Jail Bharo’ but try to fill the stomachs of the poor. In the current alarming situation, the agitation is being planned by the politicians who are responsible for the destruction of the economy, he said.

Shahid Rasheed Butt said that the poster boy of the previous government delayed the deal with the IMF until he was removed from office in April 2019. The country was grappling with the crisis due to the wrong policies but the Finance Minister Hafeez Sheikh was dismissed and Hammad Azhar was given the charge, after which a former banker was given the portfolio of the Finance Ministry for the sake of artificial development.

The banker cum finance minister started a new crisis by avoiding improving the economy and doling out packages to the billionaires, which did not give the people anything, but the growth rate became six percent. Foreign exchange reserves decreased by fifty percent, while the value of the rupee decreased by seven percent due to the policies of the former government, he informed.

Mr. Butt said that those who came after him did more damage to the economy instead of taking corrective measures. He said that it has become a tradition that every outgoing government leaves such serious problems that do not allow the new government to function. Every new government has to knock on the door of the IMF to survive, he said, adding that the PTI government has shown the worst economic performance while PML-N also damaged the economy.

PTI and PML-N boasted a six percent growth rate during their tenure, but this growth rate had nothing to do with investment, industry, and revenue. Rather, it was the result of showering resources of the country on the elite. Until the people wake up, the process of showering the national resources on the elite in Pakistan will continue, he said.

For more information, contact:
Dr. Shahid Rasheed Butt
Consul General Ghana
Former President ICCI
Former Patron ICST
Tel: +92-333-5132199, +92-51-2822571

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President of SCCI expresses sincere condolences to the victims and their families affected by recent massive earthquake in Turkiye and Syria

Sialkot, February 09, 2023 (PPI-OT):On February 09, 2023, Mr. Abdul Ghafoor Malik, President of SCCI in a statement given to the press expressed sincere condolences to the victims and their families affected by the recent massive earthquake in Turkiye and Syria. President SCCI mentioned that We as a Nation, are deeply saddened by the loss of life and damage caused by this calamity.

Mr. Malik added that the Business Community of Sialkot extends its solidarity with the people of Turkiye and Syria during these tough times. The President of SCCI said that the Business Community stands by the Families and loved ones of Turkish and Syrian Brethren and offers their support in any way possible and wished for speedy rehabilitation.

Mr. Abdul Ghafoor Malik, President of SCCI mentioned that Business Community hopes that the Turkish and Syrian Governments and the international community, including Pakistan, will come together to provide necessary support in relief efforts to the affected areas, to bring life back to normal. On the occasion Mr. Wahub Jahangir, Senior Vice President of SCCI, and Mr. Amer Majid Sheikh, Vice President of SCCI also expressed their solidarity with the people of Turkiye and Syria.

For more information, contact:
Sialkot Chamber of Commerce and Industry (SCCI)
Shahrah-e-Aiwan-e-Sanat-o-Tijarat, Sialkot – 51310, Pakistan
Phone: +92-52-4261881-3
Fax: +92-52-4268835, +92-52-4267919
E-mail: sialkot@scci.com.pk
Website: http://www.scci.com.pk

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ایف بی ایس نے الٹی میٹ ٹریڈنگ برتھ ڈے کا پرومو لانچ کر دیا

سنگاپور، 8 فروری 2023/پی آرنیوزوائر/– ایک آن لائن فاریکس بروکر، ایف بی ایس نے، ایف بی ایس الٹی میٹ ٹریڈنگ برتھ ڈے لانچ کرکے اپنی 14 ویں سالگرہ منائی۔ پرومو 9 فروری سے 9 مارچ کے درمیان چلتا ہے۔ یہ ایونٹ ویب پرسنل ایریا، ایف بی ایس پرسنل ایریا ایپ، یا ایف بی ایس ٹریڈر ایپ میں دستیاب ہے۔

FBS Launches Ultimate Trading Birthday Promo

ہر تاجر کے لئے ایک ضمانت شدہ انعام

بروکر ہر کلائنٹ کو جشن میں شامل ہونے کی دعوت دیتا ہے جو ہر شریک کو تحائف دینے کا وعدہ کرتا ہے۔ضمانت شدہ انعام حاصل کرنے کے لئے، شرکاء کو پانچ ٹریڈنگ ٹکٹ جمع کرنے کی ضرورت ہے – ایک ٹکٹ فی ایک ٹریڈڈ لاٹ۔ جب پانچ ٹریڈنگ ٹکٹ جمع کیے جاتے ہیں تو ، تاجر اپنی پسند کے تحفے کا انتخاب کرسکتے ہیں – نقد انعامات ، وی آئی پی تجزیات ، یا ایف بی ایس مالیاتی تجزیہ کار کے ساتھ ذاتی مشاورت۔

چونکہ ایف بی ایس الٹی میٹ ٹریڈنگ برتھ ڈے پرومو کا مقصد 27 ملین ایف بی ایس تاجروں کی برادری کا جشن منانا ہے ، لہذا ہر شرکاء کو  موقع ملتا ہے کہ وہ کچھ اور حاصل کرسکے۔

قرعہ اندازی کے فاتحین کے لئے انعامات

ایف بی ایس الٹی میٹ ٹریڈنگ برتھ ڈے میں حصہ لینے والے تاجر ٹاپ انعامات کے لئے جانے والی قرعہ اندازی میں اپنی قسمت آزمائیں گے۔ شرکاء جتنی زیادہ ٹکٹیں جمع کریں گے ، اتنا ہی زیادہ امکان ہے کہ وہ انعامات جیتیں گے۔ قرعہ اندازی کا مرکزی انعام مرسڈیز بینز سی ایل اے کلاس ہے۔

قرعہ اندازی کے فاتحین کو 17 مارچ، 2023 کو 13:00 جی ایم ٹی 2 پر براہ راست منتخب کیا جائے گا۔ نتائج ایف بی ایس کی ویب سائٹ پر شائع کیے جائیں گے۔

ایف بی ایس ایک بین الاقوامی برانڈ ہے جو 150 سے زیادہ ممالک میں موجود ہے۔ایف بی ایس برانڈ کے ذریعہ متحد آزاد کمپنیاں اپنے گاہکوں کے لئے وقف ہیں اور انہیں مارجن ایف ایکس اور ایکس کی تجارت کرنے کے مواقع پیش کرتی ہیں۔

ایف بی ایس مارکیٹس انکارپوریٹڈ – لائسنس آئی ایف ایس سی / 000102 / 310

ٹریڈ اسٹون لمیٹڈ – سی ایس ای سی لائسنس نمبر 331/17، ایف سی اے عارضی اجازت نامہ 808276

انٹیلی جنٹ فنانشل مارکیٹس پرائیویٹ لمیٹڈ – اے ایس آئی سی لائسنس نمبر 426359

تصویر: https://mma.prnewswire.com/media/1996728/FBS_Birthday_Promo.jpg

 

The post ایف بی ایس نے الٹی میٹ ٹریڈنگ برتھ ڈے کا پرومو لانچ کر دیا appeared first on AsiaNet-Pakistan.

YMAB LOSS ALERT: ROSEN, A GLOBALLY RECOGNIZED FIRM, Encourages Y-mAbs Therapeutics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – YMAB

NEW YORK, Feb. 08, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Y-mAbs Therapeutics, Inc. (NASDAQ: YMAB) between October 6, 2020 and October 28, 2022, both dates inclusive (the “Class Period”), of the important March 20, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Y-mAbs securities 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 Y-mAbs class action, go to https://rosenlegal.com/submit-form/?case_id=9496 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 March 20, 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 Complaint, the Company made false and misleading statements to the market. Y-mAbs repeatedly misled investors about its meetings with the FDA, claiming that it was making progress in demonstrating the effectiveness and efficacy of its drug candidate, omburtamab. What was unknown to investors was that the FDA had repeatedly advised Y-mAbs that the treatment of effect of omburtamab cannot be objectively established or quantified based on a comparison between Study 03-133 and an external cohort comprised of data from the Central German Childhood Cancer Registry (CGCCR) database because of substantial differences in the patient populations, and the absence of tumor response data, and that Study 101 was neither sufficiently advanced nor indicative of efficacy to justify approval. Further, Y-mAbs failed to advise investors that it had elected to submit the March 31, 2022 BLA prior to reaching agreement with the FDA on the content of the application. 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 Y-mAbs, investors suffered damages.

To join the Y-mAbs class action, go to https://rosenlegal.com/submit-form/?case_id=9496 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 8745481

LUV NOTICE: ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Southwest Airlines Co. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – LUV

NEW YORK, Feb. 08, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Southwest Airlines Co. (NYSE: LUV) between June 13, 2020 and December 31, 2022, both dates inclusive (the “Class Period”), of the important March 13, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Southwest Airlines 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 Southwest Airlines class action, go to https://rosenlegal.com/submit-form/?case_id=10716 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 March 13, 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, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) Southwest Airlines continuously downplayed or ignored the serious issues with the technology it used to schedule flights and crews, and how it stood to be affected worse than other airlines in the event of inclement weather; (2) Southwest Airlines did not discuss how it’s unique point-to-point service and aggressive flight schedule could leave it prone in the event of inclement weather; and (3) 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 Southwest Airlines class action, go to https://rosenlegal.com/submit-form/?case_id=10716 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 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, 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 8745469

TTCF NOTICE: ROSEN, A TOP RANKED LAW FIRM, Encourages Tattooed Chef, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – TTCF

NEW YORK, Feb. 08, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Tattooed Chef, Inc. (NASDAQ: TTCF) between March 20, 2021 and October 12, 2022, both dates inclusive (the “Class Period”), of the important February 21, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Tattooed Chef 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 Tattooed Chef class action, go to https://rosenlegal.com/submit-form/?case_id=9201 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 February 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) Tattooed Chef continuously downplayed its serious issues with internal controls; (2) Tattooed Chef’s financial statements from March 31, 2021 to the present included “certain errors” such as overstating revenue and understating losses; (3) as a result, Tattooed Chef would need to restate its previously filed financial statements for certain periods; 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 truth emerged, the lawsuit claims that investors suffered damages.

To join the Tattooed Chef class action, go to https://rosenlegal.com/submit-form/?case_id=9201 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 or 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 8745468

GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Sunlight Financial Holdings Inc. f/k/a Spartan Acquisition Corp. II Investors to Secure Counsel Before Important February 14 Deadline in Securities Class Action – SUNL, SPRQ

NEW YORK, Feb. 08, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Sunlight Financial Holdings Inc. f/k/a Spartan Acquisition Corp. II (NYSE: SUNL, SPRQ) between January 25, 2021 and September 28, 2022, both dates inclusive (the “Class Period”), of the important February 14, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Sunlight 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 Sunlight class action, go to https://rosenlegal.com/submit-form/?case_id=10554 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 February 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 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 false and/or misleading statements and/or failed to disclose that: (1) Sunlight lacked effective underwriting and risk evaluation with respect to its contractor advance program; (2) Sunlight lacked the oversight and periodic monitoring systems necessary to timely detect bad debt associated with its contractor advance program; (3) Sunlight lacked effective internal controls over accounting and reporting of non-cash advance receivables; (4) as a result, Sunlight would be forced to take a non-cash advance receivables impairment charge exceeding $30 million; and (5) as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Sunlight class action, go to https://rosenlegal.com/submit-form/?case_id=10554 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 8745450