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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Northrop Grumman Corporation Investors to Inquire About Class Action Investigation – NOC

NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Northrop Grumman Corporation (NYSE: NOC) resulting from allegations that Northrop may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Northrop securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit–form/?case_id=11885 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.

WHAT IS THIS ABOUT: On January 26, 2023, Northrop released its fourth quarter and full–year 2022 financial results, disclosing that the Company had received a criminal subpoena from the U.S. Department of Justice ("DOJ") on December 9, 2022, "seeking information regarding financial and cost accounting and controls that appears focused on the interest rate the company used to determine [its cost accounting standards] pension expense."

On this news, Northrop's stock price fell $19.82, or 4.3%, to close at $443.47 per share on January 26, 2023, thereby injuring investors.

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. 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.

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 8755969)

ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages Bright Green Corporation Investors to Inquire About Class Action Investigation – BGXX

NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Bright Green Corporation (NASDAQ: BGXX) resulting from allegations that Bright Green may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Bright Green securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit–form/?case_id=11980 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.

WHAT IS THIS ABOUT: On June 2, 2022, Green Market Report ("Green Market") published a report entitled "Bright Green Former CEO Claims Valuation Fraud," which stated that the Company "involves a burned–down building, a years–long battle with the state of New Mexico, a bankruptcy case, and an angry former CEO who is accusing the company of fraud." John Stockwell, listed CEO in 2017, filed for bankruptcy in the state of New Mexico in 2017. After a greenhouse fire "devastated Stockwell financially," the reported stated that "greenhouses were transferred to Lynn Stockwell who then transferred the property to Bright Green." In addition, the report stated that Bright Green's former CEO John Fikany is suing the company, alleging "Bright Green was a "sham, operated illegally and fraudulently." He alleges that the Stockwell's "engaged in acts of fraudulent misrepresentation and attempted to force Fikany to aid and abet them in making fraudulent misrepresentations to investors concerning the valuation and progress of Bright Green Corporation."

On this news, Bright Green's stock price fell 15% to close at $3.04 per share on June 3, 2022.

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. 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.

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 8755966)

ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Allianz SE Investors with Losses to Secure Counsel Before Important Deadline in First Filed Securities Class Action Initiated by the Firm – ALIZY

NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Allianz SE (OTC: ALIZY) between March 9, 2018 and May 17, 2022, both dates inclusive (the "Class Period"), of the important April 3, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Allianz 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 class action, go to https://rosenlegal.com/submit–form/?case_id=2121 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 April 3, 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 that: (1) Allianz did not have effective internal controls; (2) Allianz's subsidiary was involved in substantial fraudulent activity; (3) as a result, Allianz was at an increased risk of regulatory scrutiny; (4) as a result, Allianz was at an increased risk of substantial losses and financial costs; and (5) as a result, Defendants' 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 Allianz class action, go to https://rosenlegal.com/submit–form/?case_id=2121 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/.

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 8755740)

ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages RYVYL Inc. f/k/a Greenbox POS Investors to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm – RVYL, GBOX

NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Ryvyl Inc. f/k/a Greenbox POS (NASDAQ: RVYL, GBOX): (i) pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company's January 29, 2021 public offering (the "Offering"); and/or (ii) between January 29, 2021 and January 20, 2023, both dates inclusive (the "Class Period"), of the April 3, 2023 lead plaintiff deadline.

SO WHAT: If you invested in Ryvyl 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 Ryvyl class action, go to https://rosenlegal.com/submit–form/?case_id=11425 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 April 3, 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, the Registration Statement was false and/or misleading and/or failed to disclose that: (1) the Company would restate certain financials; (2) the Company's internal controls were inadequate; (3) the Company downplayed and obfuscated its internal controls issues; and (4) as a result, the Registration Statement was 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 Ryvyl class action, go to https://rosenlegal.com/submit–form/?case_id=11425 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 8755762)

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Inspirato Incorporated Investors to Secure Counsel Before Important Deadline in First Filed Securities Class Action Commenced by the Firm – ISPO

NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Inspirato Incorporated (NASDAQ: ISPO) between May 11, 2022 and December 15, 2022, both dates inclusive (the "Class Period") of the important April 17, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Inspirato 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 Inspirato class action, go to https://rosenlegal.com/submit–form/?case_id=10246 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 April 17, 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 that: (1) the Company's unaudited condensed consolidated financial statements as of and for the quarterly periods ended March 31, 2022 and June 30, 2022 (collectively, the "Non–Reliance Periods') included in the Quarterly Reports on Form 10–Q filed with the Securities and Exchange Commission (the "SEC') for the Non–Reliance Periods, could no longer be relied upon; (2) the Quarterly Reports could no longer be relied upon due to the incorrect application of Accounting Standards Update (ASU) No. 2016–02, Leases (Topic 842) ("ASC 842') with respect to the assessment of right–of–use assets and liabilities, resulting in an understatement of both right–of–use assets and total lease liabilities of approximately 9% for each of the Non–Reliance Periods resulting in an understatement of total assets and total liabilities by approximately 5% for each of the Non–Reliance periods, and due to property–related and other expenses being under accrued in the first quarter, and over accrued in the second quarter, resulting in cost of revenue being understated by approximately 1% and overstated by approximately 5% in the first and second quarter, respectively (similarly, any previously issued or filed reports, press releases, earnings releases, and investor presentations or other communications describing the Company's condensed consolidated unaudited financial statements and other related financial information covering the Non–Reliance Periods should no longer be relied upon); (3) the Company was not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1) (the "Rule') as a result of its failure to file its Quarterly Report on Form 10–Q for the quarter ended September 30, 2022 (the "Third Quarter Report') with the Securities and Exchange Commission (the "SEC') by the required due date; 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 Inspirato class action, go to https://rosenlegal.com/submit–form/?case_id=10246 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 8755758)

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages International Business Machines Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm – IBM

NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of International Business Machines Corporation (NYSE: IBM) between January 18, 2018 and October 16, 2018, both dates inclusive (the "Class Period") of the important March 14, 2023 lead plaintiff deadline.

SO WHAT: If you invested in IBM 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 IBM class action, go to https://rosenlegal.com/submit–form/?case_id=5104 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 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Strategic Imperatives Revenue growth, CAMSS (the distinct components of "Cloud," "Analytics," "Mobile," "Security," and "Social") and CAMSS components' revenue growth, and the Company's Segments' revenue growth were artificially inflated as a result of the wrongful reclassification/misclassification of revenues from non–strategic to strategic to make those revenues eligible for treatment as Strategic Imperatives Revenue; and (2) IBM was materially less successful in growing its Strategic Imperative business, reporting materially higher growth than it actually achieved only by wrongfully reclassifying and misclassifying revenue from non–strategic to strategic thereby reporting publicly materially false Strategic Imperative Revenue. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the IBM class action, go to https://rosenlegal.com/submit–form/?case_id=5104 or call Phillip Kim, Esq. toll free at 866–767–3653 or via e–mail at 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 8755752)

ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Enovix Corporation Investors with Losses to Secure Counsel Before Important March 7 Deadline in Securities Class Action – ENVX

NEW YORK, Feb. 23, 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 8755724)

Gender Central to Parliamentarians’ Programme of Action

Cooperative members in southern Lebanon make a rare, traditional bread called Mallet El Smid to be sold at the MENNA shop in Beirut. Women are central to meeting the SDGs, say parliamentarians. Credit: UN Women/Joe Saade

Cooperative members in southern Lebanon make a rare, traditional bread called Mallet El Smid to be sold at the MENNA shop in Beirut. Women are central to meeting the SDGs, say parliamentarians. Credit: UN Women/Joe Saade

By IPS Correspondent
JOHANNESBURG, Feb 23 2023 – The post-COVID-19 period has been a crucial one for members of parliament who have their work cut out to ensure that issues that arose during the pandemic are addressed, especially concerning the ICPD25 commitments and programmes of action for universal access to sexual and reproductive rights, gender-based violence and building peaceful, just and inclusive societies. Across the world, progress toward achieving the SDGs by 2030 was impacted during the pandemic.

As Dr Samar Haddad, a former member of the Lebanese Parliament and head of the Population Committee at the Bar Association in Lebanon commented at a recent meeting of the Forum of the Arab Parliamentarians  for Population and Development (FAPPD): “The main theme for this year is combating gender-based violence, which is a scourge that the entire world suffers from, and its rate has risen alarmingly in light of the economic crisis, bloody stability, wars, and displacement.”

IPS was privileged to interview two members of parliament from the region about how they are tackling GBV, youth empowerment, and women’s participation in politics, society, and the economy.

Here are edited excerpts from the interviews:

Pierre Bou Assi, MP from Lebanon

Pierre Bou Assi, MP from Lebanon

Pierre Bou Assi, MP from Lebanon

IPS: What legislation, budgets, and monitoring frameworks are in place or planned for combating GBV in Lebanon?

Pierre Bou Assi (PA): Lebanon has launched a project to support protection and prevention systems to prevent gender-based violence within the framework of continuous efforts aimed at responding to social and economic challenges in Lebanon and aims to strengthen prevention and monitoring mechanisms for gender-based violence, and support the efforts made by the Public Security Directorate through the Department Family and juvenile protection.

IPS: One of your speakers at a recent conference spoke about rapid population growth, youth, and high urbanization rates. Youth are often impacted by unemployment or low rates of decent employment. What are parliamentarians doing to assist youth in ensuring that the country can benefit from its demographic dividend?

PA: Youth are the pillar of the nation, its present and future, and the means and goal of development. They are the title of a strong society and its future, stressing that the conscious youth (educated and mindful) armed with science and knowledge are more than capable of facing the challenges of the present and the most prepared to enter the midst of the future.

I would like to say that the Youth Committee in the Lebanese Parliament is working on developing a targeted and real strategy that includes advanced programs that are agreed upon by experts and active institutions in this field to consolidate the principles of citizenship, the rule of law and patriotism, and empower the youth politically and economically to achieve their potential and develop and expand their horizons.

In addition, we are expanding youth participation in public life by providing them with opportunities for practical training in legislative and oversight institutions, and refining the participants’ personal skills by informing them of the decision-making process in the Council.

IPS: Looking back at the COVID-19 situation, most countries experienced two clear issues, an increase in GBV and its impact on children’s education. There was also an issue with high levels of violence experienced by children. Are parliamentarians concerned about the COVID impacts on children, and what programs have been implemented to support them?

PA: There is no doubt that Lebanon, like other countries in the world, was affected by the coronavirus pandemic in all aspects of life, including children and its impact on the quality of education, as well as the high level of violence that children were exposed to during that period, as I would like to take a look at the more positive side. We note a number of measures Lebanon took during the pandemic – which included the release of children who were in detention, the strengthening or expansion of social protection systems through cash assistance, and an overall decrease in levels of violence in conflict situations.

Lebanon has a plan that includes the following points:

  • The continuity and safety of learning for all school children, including bridging the digital divide and creating low-cost technology.
  • Implementing a basic package for equitable access to primary health care for children and mothers.
  • Expanding the scope and appropriateness of infant and young child feeding programs and general educational messages.
  • Expanding social protection systems to reach the most affected children and families through cash transfer programmes.
  • Enhancing government budgetary allocations and public funding for social sectors, with a special focus on health care and education.
Hmoud Al-Yahyai, MP from Oman.

Hmoud Al-Yahyai, MP from Oman.

Hmoud Al-Yahyai, MP from Oman

Al-Yahyai spoke to IPS about the development of a human-rights-based framework. The interview followed a meeting with the theme “Human Rights and their relationship to the goals of sustainable development. The meeting was held by the Omani Parliamentary Committee for Population and Development in cooperation Omani National Commission for Human Rights, the Forum of Arab Parliamentarians for Population and Development (FAPPD), and the Asian Population and Development Association (APDA) on “Human Rights and their relationship to the goals of sustainable development.”

IPS: How is Oman working towards a human rights-based legislative framework, and what role are parliamentarians taking to ensure implementation? What role does Oman Vision 2040 play in this?

Hmoud Al-Yahyai (HY): The government of the Sultanate of Oman has integrated the sustainable development goals into national development strategies and plans and made them a major component of the long-term national development strategy components and axes known as Oman Vision 2040. The strategy is enhanced by broad societal participation when designing and implementing it and evaluating the plans and policies set. And we, as parliamentarians, make sure, as stated in the voluntary national report, (to provide oversight of) the government’s commitment to achieving the goals of sustainable development, with its three dimensions, economic, social, and environmental, within the specified time frame.

I commend the efforts of the Sultanate of Oman in implementing the goals of sustainable development through several axes, including the pillars of sustainable development, implementation mechanisms, progress achieved, and future directions for the localization of the sustainable development agenda in the short and medium term, and the consistency of Oman Vision 2040.

The Sultanate of Oman reviewed its first voluntary national report on sustainable development at the United Nations headquarters as part of its participation in the work of the UN Economic and Social Council.

Sustainability is crucial to Sultanate, emphasizing that development is not an end in itself, but aimed at building up its population.

Future directions for the localization of the SDGs in the short and medium term are represented on five axes, which include raising community awareness, localizing sustainable development, development partnerships, monitoring progress and making evidence-based policies, and institutional support.

The axes for sustainable development are human empowerment, a competitive knowledge economy, environmental resilience through commitment and prevention, and peace. These form the pillars for sustainable development through efficient financing, local development, and monitoring and evaluation.

Oman has adopted a coordinated package of social, economic, and financial policies to achieve inclusive development based on a competitive and innovative economy. This is being worked upon toward Oman Vision 2040 and its implementation plans, through a set of programs and initiatives that seek to localize the development plan toward achieving the SDGs 2030 and beyond.

IPS: What role do women play in your legislative framework, and do they play a role in ensuring, for example, SRHR rights?

HY: The Sultanate has taken many positive measures to sponsor women. The Sultanate’s policies towards accelerating equality between men and women stem from the directives of the Sultan and his initiatives to appoint women to high positions, to feminize the titles of positions when women fill them, and to grant them political, economic, and social rights.

Women benefit from support in the

  • Social field: through comprehensive social insurance and social security system.
  • Political field: through the appointment of female ministers, undersecretaries, and ambassadors, and in the field of public prosecution.
  • Economic field: through labor and corporate law.
  • Cultural field: through the system of education and grants.

There are many programs geared or dedicated to women. The government has begun to circulate and implement a program to support maternal and childcare services at the national level to reduce disease and death rates by providing health care for women during pregnancy, childbirth, and postpartum and encouraging childbirth under medical supervision.

IPS: What are the achievements of Oman in reaching SDG Target 3.7 (Sexual and reproductive health by 2030, ensure universal access to sexual and reproductive healthcare services, including family planning, information and education, and the integration of reproductive health into national strategies)?

HY: In this regard, a campaign was launched on sexual and reproductive health in the Sultanate due to its positive impact on public health and society. This campaign confirms that reproductive health services are an integral part of primary health care and health security in the country and that it has long-term repercussions on health and social and economic health. Family planning is one of the most important of these services because, if it is not organized, it constitutes a social bomb that can hit everyone, whether a citizen or an official. Therefore, we must take proactive preventive steps.

IPS UN Bureau Report

 


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‘Ticking Time Bombs’ for the Most Defenceless: The Children (II)

In Nigeria's Northeast the number of children suffering from acute malnutrition is projected to increase to two million in 2023. Credit: UNOCHA/Christina Powell.

In Nigeria’s Northeast the number of children suffering from acute malnutrition is projected to increase to two million in 2023. Credit: UNOCHA/Christina Powell.

By Baher Kamal
MADRID, Feb 23 2023 – While the world’s biggest powers and their giant private corporations continue to attach high priority to their military –and commercial– dominance, both of them being shockingly profitable, entire generations are being lost to deadly armed conflicts, devastating climate catastrophes, diseases, hunger and more imposed impoverishment.

Part I of this series of two articles focussed on the unprecedented suffering of the most innocent and helpless human beings – children– in 11 countries. But there are many more.

According to the UN Children Fund (UNICEF), hundreds of thousands of children continue to pay the highest price of a mixture of man-made brutalities, with their lives, apart from the unfolding proxy war in Ukraine, and the not yet final account of victims of the Türkiye and Syria earthquakes, which are forcing children to sleep in the streets under the rumble, amid the chilling cold.

 

Nigeria

Nigeria is just one of the already reported cases of 11 countries. UNICEF on 11 February 2023 appealed for 1.3 billion US dollars to stop what it calls “the ticking bomb of child malnutrition.”

The appeal is meant to help six million people severely affected by conflict, disease, and disaster in Northeast Nigeria.

“The large-scale humanitarian and protection crisis shows no sign of abating,” said Matthias Schmale, the UN Resident and Humanitarian Coordinator for Nigeria. “An estimated 2.4 million people are in acute need – impacted by conflict, disaster and disease – and require urgent support.”

The “ticking time bomb” of child malnutrition is escalating in Nigeria’s Northeast, with the number of children suffering from acute malnutrition projected to increase to two million in 2023, up from 1.74 million last year, the UN Office for the Coordination of Humanitarian Affairs reported.

Already high levels of severe acute malnutrition are projected to more than double from 2022 to a projected 697,000 this year. Women and girls are the hardest hit, said Schmale.

“Over 80% of people in need of humanitarian assistance across Borno, Adamawa and Yobe states are women and children. They face increased risks of violence, abduction, rape and abuse.”

The UN Special Adviser on the Prevention of Genocide Alice Nderitu raised concerns about a worsening security situation, calling for urgent action to address conflicts and prevent “atrocity crimes.”

 

Credit: James Jeffrey/IPS

Urgent immediate actions must be taken now, both to address the crisis in the short-term and long-term. Credit: James Jeffrey/IPS

 

Horn of Africa: the suffering of over 20 million children

By the end of 2022, UNICEF warned of a funding shortfall as the region faces an unprecedented fifth consecutive failed rainy season and a poor outlook for the sixth.

The number of children suffering dire drought conditions across Ethiopia, Kenya and Somalia has “more than doubled in five months,” according to UNICEF.

“Around 20.2 million children are now facing the threat of severe hunger, thirst and disease, compared to 10 million in July [2022], as climate change, conflict, global inflation and grain shortages devastate the region.”

While collective and accelerated efforts have mitigated some of the worst impacts of what had been feared, “children in the Horn of Africa are still facing the most severe drought in more than two generations,” said UNICEF Deputy Regional Director for Eastern and Southern Africa Lieke van de Wiel.

“Humanitarian assistance must be continued to save lives and build the resilience of the staggering number of children and families who are being pushed to the edge – dying from hunger and disease and being displaced in search of food, water and pasture for their livestock.”

Nearly two million children across Ethiopia, Kenya, and Somalia are currently estimated to require ”urgent treatment for severe acute malnutrition, the deadliest form of hunger.”

 

In addition, across Ethiopia, Kenya and Somalia:

  • More than two million people are displaced internally because of drought.
  • Water insecurity has more than doubled with close to 24 million people now confronting dire water shortages.
  • Approximately 2.7 million children are out of school because of the drought, with an additional estimated 4 million children at risk of dropping out.
  • As families are driven to the edge dealing with increased stress, children face a range of protection risks – including child labour, child marriage and female genital mutilation.
  • Gender-based violence, including sexual violence, exploitation and abuse, is also increasing due to widespread food insecurity and displacement.

UNICEF’s 2023 emergency appeal of US$759 million to provide life-saving support to children and their families will require timely and flexible funding support, especially in the areas of education, water and sanitation, and child protection, which were ”severely underfunded” during UNICEF’s 2022 response.

An additional US$690 million is required to support long-term investments to help children and their families to recover and adapt to climate change.

Meanwhile, more unfolding tragedies for children

The above-reported suffering for the most defenceless human beings–children, does not end here. Indeed, two more major tragedies continue unfolding. Such is the case of the brutal proxy war in Ukraine and the most destructive earthquakes in Türkiye and Syria.

 

“A child in North Syria passing by the ruins, after the earthquake hit his town.” – Credit: Norwegian Refugee Council (NRC)

 

Türkiye-Syria Earthquakes

A steady flow of UN aid trucks filled with vital humanitarian relief continues to cross the border from Southern Türkiye into Northwest Syria to help communities enduring “terrible trauma” caused by the earthquake disaster, UN aid teams on 17 February 2023 reported.

As UN aid convoys continue to deliver more relief to quake-hit Northwest Syria via additional land routes from Türkiye, UN humanitarians warned that “many thousands of children have likely been killed,” while millions more vulnerable people urgently need support.

“Even without verified numbers, it’s tragically clear the number of children killed, the number of children orphaned is going to keep on rising,” on 14 February 2023 said UN Children Fund (UNICEF) spokesperson James Elder.

In Türkiye, the total number of children living in the 10 provinces before the emergency was 4.6 million, and 2.5 million in Syria.

And as the humanitarian focus shifts from rescue to recovery, eight days after the disaster, Elder warned that cases of “hypothermia and respiratory infections” were rising among youngsters, as he appealed for continued solidarity with all those affected by the emergency.

“Everyone, everywhere, needs more support, more safe water, more warmth, more shelter, more fuel, more medicines, more funding,” he said.

“Families with children are sleeping in streets, malls, mosques, schools, under bridges, staying out in the open for fear of returning to their homes.”

 

“Unimaginable hardship”

“The children and families of Türkiye and Syria are facing unimaginable hardship in the aftermath of these devastating earthquakes,” said UNICEF Executive Director Catherine Russell.

“We must do everything in our power to ensure that everyone who survived this catastrophe receives life-saving support, including safe water, sanitation, critical nutrition and health supplies, and support for children’s mental health. Not only now, but over the long term.”

The number of children killed and injured during the quakes and their aftermath has not yet been confirmed but is likely to be in the many thousands. The official total death toll has now passed 45,000.

 

Freezing

Many families have lost their homes and are now living in temporary shelters, “often in freezing conditions and with snow and rain adding to their suffering.” Access to safe water and sanitation is also a major concern, as are the health needs of the affected population.

 

Ukraine

Months of escalating conflict have left millions of children in Ukraine vulnerable to biting winds and frigid temperatures, UNICEF reports.

Hundreds of thousands of people have seen their homes, businesses or schools damaged or destroyed while continuing attacks on critical energy infrastructure have left millions of children without sustained access to electricity, heating and water.

The list of brutalities committed against the world’s children goes on. The funds desperately needed to save their lives represent a tiny faction of all that is being spent on wars.

How Emerging Economies Are Reshaping the International Financial System

The G20 or Group of Twenty is an intergovernmental forum comprising 19 countries and the European Union. It works to address major issues related to the global economy, such as international financial stability, climate change mitigation, and sustainable development.

By Ian Mitchell and Sam Hughes
LONDON, Feb 23 2023 – It’s been 25 years since the 1997 Asian financial crisis led to the creation of the G20 forum for finance ministers; and 15 years since this became a leader-level meeting following the global financial crisis. During this period, there has been significant shift in the global finance and economic landscape.

The ascent of several emerging economies has seen their contributions to the multilateral finance system that supports development rise significantly. Our new report collates those contributions over the last decade for the first time. It charts how China’s annual contributions to the UN and multilateral development banks rose twenty-fold from $0.1bn to $2.2bn.

But it also looks collectively at a group of 13 rising economies whose developmental contributions to multilateral finance institutions have risen five-fold to over $6bn over the last decade.

These contributions now make up an eighth of the total; and have seen the creation of two new multilateral finance institutions.

In this piece, we draw out key findings from our analysis, including the balance between funding existing and new institutions like the New Development Bank.

We consider whether continued growth in the 13 emerging actors could generate enough new funding for development over the next quarter century, and even create an institution as large at the World Bank’s fund for low-income countries (IDA).

Despite recent rhetoric around the return to a bipolar world order, this report is evidence that a wide group of countries are already playing major role in the global economic and development system, and will continue to do so in years to come

The transformational effect of economic growth on the multilateral system

In 1990 most people in the world lived in low-income countries; by 2020, this share had fallen dramatically to just seven percent of people. Meanwhile, the share of the global population living in middle-income countries swelled from 30 percent in 1990 to 73 percent in 2020.

Such a transformation implies a greater number of countries with the economic output to contribute internationally: widening and deepening participation in the multilateral system.

And this is just what we’ve seen. Over the decade to 2019, we find a group of emerging actors have significantly increased their contributions of development finance to multilateral organisations.

These include thirteen major economies outside the group of more established providers within the Development Assistance Committee (DAC), which tend to receive more attention.

Ten of these emerging actors are G20 members, including the BRICS—Brazil, Russia, India, China, and South Africa—but others have grown quickly too: Argentina, Chile, Indonesia, Israel, Mexico, Saudi Arabia, Turkey, and the United Arab Emirates. Collectively, we refer to these thirteen emerging actors as the “E13.”

Over the decade, the E13’s annual contributions of development finance to multilateral organisations (both core and funding earmarked for particular purposes) have increased almost five-fold, from $1.3bn in 2010 to $6.3bn in 2019 (up 377 percent). And their unrestricted core contributions have risen even more: increasing from $1.0bn to $5.2bn (up 410 percent).

Of these core contributions, we see that those to UN agencies more than quadrupled over the decade, steadily rising from $0.3bn to $1.2bn (up 330 percent). But by far the most striking development in E13 core contributions has come from the creation and capitalisation of two new multilateral organisations: the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB).

The role of China

Although China has recently stepped back its bilateral finance efforts, its multilateral contributions increased steadily to 2019; and provided a third (34 percent) of the E13 total over the decade. Our colleagues have examined this in detail, including how China has the second highest aggregate voting share after the US in international finance institutions it supports.

Still, our analysis also highlights the importance of Russia, Brazil and India who each contributed over $3bn over the period and collectively contributed a further third of the total. While China’s multilateral contributions have been concentrated (59 percent) in new institutions it co-founded (see below), other providers have concentrated funding in traditional institutions: for example, Argentina, Chile and Mexico did not support the new institutions while for Saudi Arabia and UAE they were 17 percent and 21 percent respectively.

Creating new multilateral finance organisations

Over the ten-year period we examine, almost half of the E13’s core multilateral contributions were to the two new institutions (AIIB and NDB). After 2016, funding provided to these institutions made up over two-thirds of their contributions. Indeed, in 2016 the first financial contributions to AIIB and NDB causedE13 multilateral development finance to triple in a single year.

The E13 provided an additional $6.0bn of core funds for AIIB and NDB in 2016, without reducing their multilateral contributions through other channels.

Though annual contributions reduced to $3.1bn in 2019, AIIB and NDB still accounted for half of the E13’s multilateral development finance in that year, leaving their contributions at the end of the decade far ahead of the beginning.

Figure 1. E13 core and earmarked contributions of development finance to multilateral organisations (nominal USD billions)

Source: Authors’ analysis

Emerging actors fund a sixth of the UN system

As well as higher absolute contributions (Figure 1), the E13’s role in the multilateral system has also grown in relative terms (Figure 2). As a share of the level of finance provided by the 29 high-income countries in the OECD DAC, the E13’s core multilateral contributions rose from 5 percent in 2010 to 12 percent in 2019—more than doubling their relative significance.

This was largely due to the effect of AIIB and NDB (clearly seen by the 2016 peak), but we also see that E13 core contributions to the UN system steadily and quickly rose as a share of the DAC level across the decade: from 5 percent in 2010 to 17 percent in 2019.

Figure 2. E13 core contributions of development finance to multilateral organisations as a share of contributions from DAC countries

Source: Authors’ analysis

A look to 2050—what role might the emerging economies play?

As the economies of the E13 continue to grow, what might this mean for their multilateral contributions in the future? Figure 3 shows how the share of economic output provided as development finance to multilateral organisations (either core or earmarked) tends to increase with higher levels of income per capita.

Though the relationship is steeper for the DAC than the E13, even the E13’s current trajectory implies a significant increase in future multilateral development finance from this group.

Ian Mitchell is Co-Director, Development Cooperation in Europe and Senior Policy Fellow at the Center for Global Development. Sam Hughes is a Research Assistant at the Center for Global Development.

IPS UN Bureau

 


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