ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Daktronics, Inc. Investors to Secure Counsel Before Important February 21 Deadline in Securities Class Action – DAKT

NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Daktronics, Inc. (NASDAQ: DAKT) between March 10, 2022 and December 6, 2022, both dates inclusive (the "Class Period"), of the important February 21, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Daktronics 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 Daktronics class action, go to https://rosenlegal.com/submit–form/?case_id=10608 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) the Company was experiencing challenges that increased costs, including supply chain disruptions, that impacted Daktronics' ability to fund inventory levels and operations; (2) as a result, it was probable that some portion of the Company's deferred tax assets would not be realized; (3) as a result, Daktronics was reasonably likely to record a material valuation allowance to its deferred tax assets; (4) there were material weaknesses in the Company's internal controls over financial reporting related to income taxes; (5) the foregoing presented liquidity concerns and there was substantial doubt as to the Company's ability to continue as a going concern; and (6) as a result of the foregoing, Defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the truth emerged, the lawsuit claims that investors suffered damages.

To join the Daktronics class action, go to https://rosenlegal.com/submit–form/?case_id=10608 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 8746511)

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Enovix Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – ENVX

NEW YORK, Feb. 09, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Enovix Corporation (NASDAQ: ENVX) between February 22, 2021 and January 3, 2023, both dates inclusive (the "Class Period"), of the important March 7, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Enovix 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 Enovix class action, go to https://rosenlegal.com/submit–form/?case_id=10931 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 7, 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 overstated Enovix's ability to produce batteries at scale, touting the Company's "meaningful progress" in scaling up its manufacturing facility, and its being positioned to deliver batteries ahead of competitions, despite its continued manufacturing issues.

To join the Enovix class action, go to https://rosenlegal.com/submit–form/?case_id=10931 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 8746524)

Zimbabwe Political Violence Casts Spotlight on Free and Fair Polls

As Zimbabweans head to the polls once again, civil and religious organisations have called for tolerance in the run-up to the elections. Credit: Commonwealth

As Zimbabweans head to the polls once again, civil and religious organisations have called for tolerance in the run-up to the elections. Credit: Commonwealth

By Ignatius Banda
BULAWAYO, Feb 9 2023 – With political violence escalating in Zimbabwe, national elections slated for later this year face questions about whether the polls will meet free and fair international benchmarks.

Zimbabwe’s elections have routinely met scrutiny largely because of what critics say is state-sponsored violence and the intimidation of opposition political parties.

Recent weeks have seen violent attacks on opposition political supporters by suspected members of the ruling.

Zimbabwe African People’s Union-Patriotic Front (ZANU-PF) despite regular calls by President Emmerson Mnangagwa for peaceful political engagement among rival party supporters.

The main opposition, the Citizens Coalition for Change (CCC), says its supporters have been brutalized by ruling party activists, with analysts noting that political violence is compromising the country’s stated commitment to holding free and fair elections.

In the aftermath of political violence recorded on a widely shared video last month where opposition party supporters were attacked, the Zimbabwe Catholic Bishops Conference (ZCBC) issued a statement raising concerns about the implications of such attacks on the credibility of the polls.

“As the nation heads towards the harmonized elections, we urge all political players to desist from the use of violence. The people’s fundamental rights should be respected at all times. There is no citizen who should be intimidated or coerced, and worse still, be beaten to make a choice,” the Catholic bishops said in a statement last month.

“As a nation, we have in the past seen a lot of violence around elections; let this election be different. The people of this country dream and yearn for a free, credible and fair election,” the bishops added.

Last year, another video circulated showing women wearing opposition party regalia being stripped of their T-shirts, with the recent incident adding to concerns about the country’s willingness to shun politically motivated violence.

“It’s not the casting of ballots that ascertains free and fair elections; it’s the environment we create before, during and after elections. It is, therefore, incumbent on the government, political parties, and all institutions that we create a level playing field,” the bishops said.

These concerns come when the country’s elections are being closely watched both locally and internationally as the country’s human rights and press freedom record are already under scrutiny as the two are seen having a bearing on democratic processes.

“We call for zero tolerance to violence. The culture of violence speaks against the moral fabric of our society. To curb nurturing such a culture, we call upon the government through its various institutions to bring the perpetrators of violence to justice and may the victims of that violence be protected,” the Catholic bishops said.

Local rights groups have also added their concerns about peaceful polls, with the Zimbabwe Council of Churches (ZCC) saying it is engaging the country’s political parties to ensure zero tolerance for violence.

But the recent violence recorded on video could mean little traction towards addressing those concerns.

“We have been meeting with political actors, all the major political parties, to try and promote peace towards these watershed elections,” said Reverend Wilfred Dimingu, Secretary General of the Zimbabwe Council of Churches.

“Our efforts are to rebuild our electoral processes so that we do not have an election that has contested results because of political violence,” Dimingu told IPS.

Civil society groups say the coming elections are already facing a credibility crisis because of the political violence, which appears to have escalated since last year as political campaigns for the 2023 elections went into full swing.

“The recent incidents of political violence, which have escalated since 2022 when the CCC was formed, can only point to a disputed election that will fail the credibility test and ultimately lead to yet another legitimacy crisis,” said Blessing Vava, national director of Crisis Coalition of Zimbabwe, a local rights group.

However, the role of the country’s security arms, such as the police, has also been brought into question as identified perpetrators of political violence are yet to be brought before the courts of law.

“There is an increasing collusion between the ruling Zanu PF and the state security forces, who have been on hand to clamp down on civil society and opposition activities, while Zanu PF has continued to abuse its incumbency by continuing with its activities unabated and with full support and cooperation of state security agencies,” Vava told IPS.

Local human rights researchers note that there is little to boost the confidence of a free election amid what they see as “organised violence,” said Tony Reeler, senior researcher at the Research Advocacy Unit in the capital city Harare.

“In none of our policy dialogues, including the prospect of serious violence, do any of the discussants believe that a bona fide election is possible,” Reeler told IPS, referring to public discussions organised by his organisation and held regularly ahead of the elections.

To ensure credibility, Vava says international observers must be allowed into the country ahead of the much-anticipated elections.

“Regional and international organisations should be involved in monitoring the elections to ensure that they are free and fair, and that the rights of all citizens are respected,” Vava told IPS.

For now, it remains to be seen if political violence will ease amid calls by the country’s president, religious leaders and civic organisations for peaceful political campaigns to ensure undisputed election results.

IPS UN Bureau Report

 


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Making the Energy Transition a Reality in the Pacific

Credit: United Nations

By David Ferrari, Sudip Ranjan Basu and Kimberly Roseberry
BANGKOK, Thailand, Feb 9 2023 – The last three years have seen the Pacific impacted negatively due to the COVID-19 pandemic. The tourism industry, a key source of national revenue and jobs creation, received a severe blow due to closure of borders and reduced travel.

In April 2020, a major cyclone caused widespread destruction in the Solomon Islands, Vanuatu, Fiji and Tonga. In early 2022, a volcanic eruption in Tonga further caused significant damage to domestic physical infrastructure.

Adding to these existing pressures, the food, fuel and finance crises have had a crippling impact on national economies throughout the Pacific. The vulnerabilities to both manmade and natural disasters are all but obvious. There is a need for an acceleration of transformative energy policy actions and ambitions.

Growing costs of fuel imports

A glance at the data shows that most Pacific countries – particularly the Small Island Developing States (SIDS) – remain highly dependent on imported petroleum fuels and are expected to do so for many years.

Outside of Australia and New Zealand, oil makes up about 80 per cent of the Pacific’s total energy supply, of which 52 per cent is used for transport, 37 per cent for electricity generation and 12 per cent for other applications such as process heating. Renewable energy accounts for only 17 per cent of the total energy supply.

Fuel imports cost the region US$6 billion annually, or around 5 to 15 per cent of GDP for each economy. This is an enormous economic burden. With its vast natural resources, a history and culture of independence and subsistence together with its low energy intensity, the Pacific subregion offers great advantages for energy transition leadership. So, there are solutions to alleviate this cost.

ESCAP’s new report – Pacific Perspectives 2022: Accelerating Climate Action – makes the case for a rapid transition of the Pacific’s energy sector away from fossil fuel imports and to increase access to modern energy services to deliver Sustainable Development Goal 7 (SDG 7) in harmony with global climate goals.

This strengthens the case for alleviating reliance on imported fossil fuels. A move to locally generated renewable energy sources is supported by both the economic gains and the energy security benefits.

Advancing the implementation of SDG 7

It is widely recognized that the Pacific is not on track to deliver universal access to clean cooking fuels and technology by 2030. In fact, this target may present one of the largest hurdles to achieving SDG 7.

However, experts have recognized that energy access is best achieved through utilization of solar energy, and for many of those who remain without electricity across the Pacific, the best access solution will be the installation of stand-alone solar home systems.

Experts now suggest moving beyond minimum levels of electricity access and employing metrics such as multi-tier frameworks or the “modern energy minimum” of consumption of at least 1,000 kWh per year as a better indicator of access.

On the other hand, the rates of access to clean cooking fuels and technologies are amongst the lowest in the world as depicted in the chart below. In 2020, almost 10 million people across the Pacific lacked access to clean cooking, the bulk of whom (8.1 million people) were in Papua New Guinea. Furthermore, the rate of access to clean cooking in many countries is stagnating and, in some cases, even declining.

Figure 1: Proportion of population with access to clean cooking fuels and technologies (Data source: World Health Organization, via the Asia Pacific Energy Portal. Data was unavailable for New Caledonia, Northern Mariana Is., American Samoa, French Polynesia and Guam.)

Focusing on solution-oriented energy transition policies

A wide range of policy interventions and intergovernmental mechanisms are available to support policymakers to address the issues of over-reliance on fossil fuels and the lack of access to modern energy.

Firstly, renewable energy offers some very low hanging fruit. As imported petroleum accounts for about 72 per cent of the electricity supply and almost 100 per cent of transport energy; renewable sources can in many situations deliver clean energy at a lower cost. Developing infrastructure to support the shift to electric vehicles offers an opportunity to channel renewable energy into the transport sector.

Secondly, the business case for energy efficiency is strong and brings with it the potential[1] to reduce energy demand across multiple sectors. However, a large proportion of these opportunities remain unfulfilled.

Finally, policymakers should collaborate through existing Pacific regional initiatives to support the scaling-up of local capability and capacity through coordinated training and knowledge transfer in the area of energy transition.

Readers will find further details and policy recommendations in the report which is now available on the ESCAP website.

By putting people at the center of policymaking, the ESCAP Commission remains the most agile and vibrant anchor to accelerate energy transition and promote regional solidarity.

[1] While it raises some complex questions, researchers have analysed the relationship between energy efficiency and demand response in various situations and determined that a high degree of complementarity is possible.

David Ferrari is ESCAP Consultant, Sudip Ranjan Basu is Deputy Head and Senior Economic Affairs Officer and Kimberly Roseberry is Economic Affairs Officer

IPS UN Bureau

 


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Mental Health Must Be Addressed in Medical Facilities and in Communities

Providing mental health services at primary care and community levels can help millions of people. Supporting these efforts is the equitable thing to do.

It is imperative to identify symptoms when they are present and provide timely care. Asking routine questions at primary care visits is an effective way to achieve this. Credit: Unsplash /Melanie Wasser.

By Ifeanyi Nsofor
ABUJA, Feb 9 2023 – Patients who visit public clinics in Abu Dhabi, United Arab Emirates, are asked mental health questions to detect signs of stress and depression early. The process starts with a basic checklist, with patients referred to a nurse, doctor, or specialist. Asking these questions at primary care not only can identify issues early on, but it also helps decrease the stigma often associated with mental health while maintaining anonymity.

This initiative is praiseworthy and should be replicated in all health facilities – both public and private. To ensure continuum of care, mental health services should also be provided in communities.

Globally, there are millions of unmet needs for mental health care. Globally, more than 970 million people are living with a mental disorder, with anxiety and depressive disorders the most common. According to the U.S. Centers for Disease Control, more than 50% of Americans will be diagnosed with a mental disorder at some point in their lifetime.

Globally, more than 970 million people are living with a mental disorder, with anxiety and depressive disorders the most common. According to the U.S. Centers for Disease Control, more than 50% of Americans will be diagnosed with a mental disorder at some point in their lifetime

Without a doubt mental health is important. However, just like physical health, it fluctuates. In an episode of my public health advocacy project, ‘Public Health for Everyone’, Victor Ugo – global mental health advocate and founder of Nigeria’s leading mental health not-for-profit, Mentally Aware Initiative said, “mental health is a continuum – sometimes we experience good mental health and other times, bad mental health”.

Therefore, it is imperative to identify symptoms when they are present and provide timely care. Asking routine questions at primary care visits is an effective way to achieve this.

Sadly, poor perception and stigma associated with mental health vary. For instance, the 2018 mental health in Nigeria survey, which I co-led, revealed shocking results. More than 5,300 respondents were interviewed in all 774 local councils across the country.

Seventy percent of Nigerians believe mental health disease is, “When someone starts running around naked”; and 54% said “possession by evil spirits as a cause of mental health disease”.

Furthermore, 18% said they will take someone with mental health disease to a prayer house for deliverance; traditional medicine healer (8%); locking up the person (4%) and beating the disease out of the person (2%). These shocking results underpin how difficult it can be to change behaviors to improve mental health.

As mental health is a continuum, so should mental health care. It is important to provide care not just at medical facilities but at community levels too. Community members may not be aware that primary care facilities provide mental health care but people they know in the community reach out to them.

Other reasons that community efforts are important include the reality that in many regions, health facilities may be far away from where people live or there may be unattainable costs associated with accessing care at health facilities. These are two examples of successful community-based mental health care services.

First is the Fellowship Bench, which began in Zimbabwe and was founded by Psychiatrist and Aspen Institute Senior New Voices Fellow Dixon Chibanda. Dixon lost a 26 year old patient to suicide because her family could not afford the $15 bus fare from her village to his clinic in Harare, Zimbabwe, for a follow-up visit.

It was a turning point for him, and this sad experience birthed The Friendship Bench. The Fellowship Bench deploys grandmothers, an ever-present human resource in communities, to provide mental healthcare. Grandmothers are trained on evidence-based talk therapy delivered on a park bench. In 2006, the first group of grandmothers went to work.

Chibanda believes that depression is treatable and suicide preventable. However, in low- and middle-income countries, there are not enough psychiatrists. Consequently, 90% of those needing mental health care do not get it, he said in his TED Talk. Therefore, innovative solutions such as The Friendship Bench are necessary to bridge the mental health care gap by providing care right in communities where people live.

Another effort is Mentally Aware Nigeria Initiative (MANI). It provides virtual mental health care to a large community by disseminating mental health information to its more than 180,000 followers on Facebook, Twitter, Instagram, TikTok and LinkedIn.

MANI reaches more than 3 million people (mostly young people) monthly through these social media platforms. MANI’s services are needed in a country of more than 200 million people with less than 250 psychiatrists. This translates to one psychiatrist servicing one million Nigerians. MANI provided mental health care during Nigeria’s 2020 EndSARS campaign against police brutality. Young people protested police brutality but were still brutalized and killed during the protest. Many people needed mental health care and MANI was there to provide it by offering calls.

One of the major challenges to providing mental health is the cost. More funding is required to support and scale more community-based mental health interventions. In 2022, the U.S. Department of Health and Human Services announced nearly $35 million in funding opportunities to strengthen and expand community mental health services and suicide prevention programs for America’s children and young adults.

In Europe, there is a €3,355,000 grant for large-scale implementation of community-based mental health care for people with severe and enduring mental ill health. In Nigeria, the TY Danjuma Foundation recently awarded a grant to Jela’s Development Initiatives to train 200 teachers about basic mental healthcare and create awareness for effective curriculum delivery.

Jela’s Development Initiatives also hosts ‘unburden’ – a group therapy session supervised by a mental health expert, which enables participants to speak about issues affecting their mental health within a safe and confidential space. These kinds of funds are important and need to continue regularly.

Providing mental health services at primary care and community levels can help millions of people. Supporting these efforts is the equitable thing to do.

 

Dr. Ifeanyi M. Nsofor, MBBS, MCommH (Liverpool) is Senior New Voices Fellow at the Aspen Institute, Senior Atlantic Fellow for Health Equity at George Washington University, 2006 Ford Foundation International Fellow

 

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)