Day: February 18, 2023

ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Gaotu Techedu Inc. f/k/a GSX Techedu Inc. Investors with Losses to Secure Counsel Before Important February 28 Deadline in Securities Class Action Commenced by the Firm – GOTU, GSX

Post author By admin
Post date February 18, 2023

NEW YORK, Feb. 17, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Gaotu Techedu Inc. f/k/a GSX Techedu Inc. (NYSE: GOTU, GSX) between March 5, 2021 and July 23, 2021, both dates inclusive (the “Class Period”), of the important February 28, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Gaotu 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 Gaotu class action, go to https://rosenlegal.com/submit-form/?case_id=2595 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 28, 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) China was barring tutoring for profit in core school subjects and the policy change would restrict foreign investment in a sector that had become essential to success in Chinese school exams; and (2) the impact such regulations would have on Gaotu’s operations and profitability and the value of Company securities. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Gaotu class action, go to https://rosenlegal.com/submit-form/?case_id=2595 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, 40^th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8751923

GLOBE-NEWSWIRE MENA Pakistan Press Releases

ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages Sotera Health Company Investors to Secure Counsel Before Important Deadline in Securities Class Action – SHC

Post author By admin
Post date February 18, 2023

NEW YORK, Feb. 17, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Sotera Health Company (NASDAQ: SHC): (i) pursuant and/or traceable to the Company’s initial public offering (“IPO”) conducted on or around November 20, 2020; (ii) pursuant and/or traceable to the Company’s secondary public offering (“SPO”) conducted on or around March 18, 2021; and/or (iii) between November 20, 2020 and September 19, 2022, inclusive (the “Class Period”), of the important March 27, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Sotera Health 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 Sotera Health class action, go to https://rosenlegal.com/submit-form/?case_id=11454 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 27, 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, and in connection with the IPO and the SPO, Sotera Health made false and misleading representations concerning its emissions control systems and exposure to liability from lawsuits for the Company’s failure to limit harmful Ethylene Oxide (“EtO”) emissions. The Company represented that it had “a proactive [environmental, health and safety] program and a culture of safety and quality.” In addition, Sotera Health stated that it employed adequate and effective safeguards to control EtO emissions. Moreover, Sotera Health and its executives vehemently denied allegations that the Company’s EtO emissions from its sterilization facilities caused cancer and other severe health issues in people living in the communities near those facilities.

To join the Sotera Health class action, go to https://rosenlegal.com/submit-form/?case_id=11454 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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

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

——————————–

Contact Information:

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 8751971

GLOBE-NEWSWIRE MENA Pakistan Press Releases

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Honda Motor Co., Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action – HMC

Post author By admin
Post date February 18, 2023

NEW YORK, Feb. 17, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of American Depository Shares (“ADSs”) of Honda Motor Co., Ltd. (NYSE: HMC) between June 20, 2018 and September 28, 2022, both dates inclusive (the “Class Period”) of the important April 3, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Honda ADSs 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 Honda class action, go to https://rosenlegal.com/submit-form/?case_id=11692 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 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) Honda had overstated the safety and effectiveness of the Idle Stop engine feature; (2) Honda maintained deficient disclosure controls and procedures with respect to product quality and safety; (3) as a result of the foregoing deficiencies, Honda failed to prevent American Honda from marketing and selling thousands of vehicles that contained a defective Idle Stop feature; (4) the foregoing conduct subjected the Company and/or its subsidiaries to a heightened risk of litigation, as well as financial and/or reputational harm; and (5) as a result, the Company’s 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 Honda class action, go to https://rosenlegal.com/submit-form/?case_id=11692 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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

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

Contact Information:

GlobeNewswire Distribution ID 8751932

GLOBE-NEWSWIRE MENA Pakistan Press Releases

EQUITY ALERT: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Kornit Digital Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action – KRNT

Post author By admin
Post date February 18, 2023

NEW YORK, Feb. 17, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Kornit Digital Ltd., (NASDAQ: KRNT) between February 17, 2021 and July 5, 2022, both dates inclusive (the “Class Period”). 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.

SO WHAT: If you purchased Kornit 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 Kornit class action, go to https://rosenlegal.com/submit-form/?case_id=12250 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. 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) Kornit and its senior executives knew or, at a minimum, recklessly disregarded, that the Company’s digital printing business was beset by significant quality control problems and deficient customer service; (2) as a result, Kornit was more vulnerable to pressure from competitors than it had represented and lacked the competitive advantages it touted to investors; (3) as a result, problems and deficiencies caused Kornit to lose market share to competitors, which led to a decline in the Company’s revenues, as Kornit’s dissatisfied customers sought out alternative options for their digital printing needs; and (4) to the extent that the Company purported to warn of risks regarding quality and customer service issues as well as increased competition, Kornit failed to disclose that such risks had already materialized. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Kornit class action, go to https://rosenlegal.com/submit-form/?case_id=12250 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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

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

Contact Information:

GlobeNewswire Distribution ID 8751936

General

Arabiyat: Cable car project high on tourism map

Post author By admin
Post date February 18, 2023

Amman: Jordan Tourism Board (JTB) Director General Abdul Razzaq Arabiyat said Saturday that the Ajloun cable car project will figure prominently tourism promotion programs as it is expected to double the number of local and foreign visitors to the northwestern region.

In a statement, Arabiyat said the cable car project, which started its initial trial phase but a specific date for its official launch has yet to be announced, will soon be part of the “Urdun Jannah” program to promote domestic tourism.

He said the JTB will join forces with concerned authorities to market the Ajloun cable car, also known as the Ajloun Teleferique, and put it on the tourism map through local, regional and global campaigns.

Arabiyat predicted the number of visitors to the region will largely increase once the cable car is in service.

Source: Jordan News Agency

General

Brazil, 3 other Latin American nations condemn Israeli settlement moves

Post author By admin
Post date February 18, 2023

Washington: Brazil, Argentina, Chile and Mexico decried Israel’s decision to legalize nine settlement outposts in the occupied West Bank, which followed a series of attacks in occupied East Jerusalem.

The Washington Post reported that the Brazilian Foreign Ministry issued a statement, which was signed by the four countries, expressing its “deep concern” over Israel’s announcement on Sunday that it would retroactively legalize the outposts and greenlight the construction of nearly 10,000 new settler homes.

“These unilateral measures constitute serious violations of international law and the resolutions of the United Nations Security Council,” said the statement.

Source: Jordan News Agency

General

JHCO sends new relief aid to Quake-stricken Syria

Post author By admin
Post date February 18, 2023

Amman: The Jordan Hashemite Charity Organization (JHCO) Saturday sent a new seven-truck convoy of relief aid to earthquake victims in Syria, in coordination with the Ministry of Foreign Affairs and Expatriates and the Jordan Armed Forces- Arab Army.

“In implementation of royal directives, the organization is preparing two land convoys to Syria in coming period, as well as a relief plane to Turkiye, according to the lists of needs received from the two countries, to be delivered to United Nations organizations in Syria and Turkish authorities”, the JHCO said in a statement.

So far, more than 970 tons of aid have been sent by Jordan to areas hit by earthquakes in Syria and Turkey through an air and land bridge launched by the Kingdom, said JHCO Secretary-General Hussein Shibli, adding that more land convoys will be dispatched to Syria and relief planes to Turkiye.

Shibli said his organization is keen to give a helping hand and providing assistance to those affected by natural disasters, adding that in-kind donations are received within a certain list, which changes pending demand.

The aid includes family tents, generators, supplies for children and the elderly, infant formula, parcels, foodstuffs, foldable beds, heaters, blankets, mattresses and pillows, flashlights, winter clothes and footwear, mineral water, medicines and medical supplies, sleeping bags, sanitary parcels, food containers, respirators, first aid and recovery bags and rubble removal and rescue equipment.

The JHCO continues to raise funds for victims in both countries.

Source: Jordan News Agenc

General

2nd main bridge at al-Irsal Intersection opens

Post author By admin
Post date February 18, 2023

Amman: The Ministry of Public Works and Housing, in cooperation with the Public Security Directorate, on Saturday opened the second main bridge at al-Irsal Intersection in southern Amman.

The completion rate of the 476-meter bridge, which connects al-Hurriya Street to Airport Road and Naour, was 99 percent and more work will be finalized for the official opening in the near future, said the ministry.

The entire four-level intersection includes a 650-meter concrete bridge for traffic coming from al-Quds Street to Airport Road and the Dead Sea in both directions, a 476-meter concrete bridge for incoming traffic from Al-Hurriyah Street to Airport Road, a 130-meter, four-lane tunnel in Both directions, main roads and concrete walls, in addition to rehabilitation of surrounding roads, building sidewalks, a rainwater drainage system and lighting and safety works, according to highest international standards, it said.

Source: Jordan News Agency

General

Jordan’s drug products exported to 85 nations worldwide…1st, final add

Post author By admin
Post date February 18, 2023

Atrash said Economic Modernization Vision (EMV) makes Jordan’s medical industries and supplies sector a top priority as a high-value business and supporter of economic growth.

EMV also features multiple initiatives and strategies to advance the sector, seeking to make pharmaceutical industries (value added) share of gross domestic product at about JD1.7 billion and an increase number of employees to 16,000, he said.

In this regard, Atrash noted EMV also seeks to raise the sector’s exports to reach JD2.1 billion by 2033 by adopting multiple priorities to achieve this goal, by creating “qualitative” pharmaceutical industries and establishing a center for drug research and development.

According to Atrash, EMV aims to attract investments to the sector at approximately JD1.1 billion within ten years in a bid to upgrade the industry to become a regional center for pharmaceutical products by integrating technologies, developing new drugs, focusing on expansion and entry into new markets, and achieving drug security for Jordan and the region.

As per Statistics of the World Trade Center, the Kingdom has multiple export opportunities to various countries across the world in multiple industrial sectors, foremost are therapeutic industries and medical supplies, which were estimated at more than $515 million for various nations.

Most of these export opportunities are concentrated in countries of the North American region, with a value of $174 million, and then Middle East nations came second with $85 million, he said.

United States is the highest untapped market for export opportunities with a value of $164 million, then Saudi market with $52 million and China with $37 million, he noted.

Atrash estimated value of Jordanian export opportunities for pharmaceutical industries within the African market to exceed $100 million.

During 2022, he noted exports of the medical industries and supplies sector increased by 5.7%, compared to 2021, to reach JD692 million, accounting for approximately 7.3% of the total Jordanian industrial exports.

In addition, he noted exports of human pharmaceutical industries hit JD599 million, while veterinary medicines stood at JD87 million and medical supplies at JD14 million, or 2 percent of the sector’s total exports.

Arab markets were the “key” export destinations for the sector during 2022, accounting for 86% of the total exports, with a value of JD602 million, while the United States was the top non-Arab partner, witch imported drugs at a value of about JD57 million, he pointed out.

Source: Jordan News Agency

General

Jordan’s drug products exported to 85 nations worldwide-Stakeholder

Post author By admin
Post date February 18, 2023

Amman: Jordan’s drug industry sector occupies a “prominent and pioneering” position in the region, and its pharmaceutical products enter markets of 85 countries across the world, according to the Representative of the Curative Industries and Medical Supplies Sector at Jordan Chamber of Industry (JCI, Fadi Atrash.

In the past decade, he said the sector made “distinguished” results that made it a milestone in the national economy, especially the pharmaceutical industries, which formed a “true” success story worldwide.

In a statement “Petra” on Saturday, he said the volume of the sector’s existing production amounts to about JD1.62 billion annually, and its productivity constitutes approximately 10% of the total production of the Kingdom’s entire industrial sector.

Meanwhile, he noted average growth rate of the sector’s production during the past decade reached 8.8% annually.

Jordan’s pharmaceutical industries and medical supplies account for 3% of the gross domestic product, for their added value production operations, amounting to 51% of the sector’s total production, or about JD828 million, which constitutes 12% of the total added value of Jordan’s industrial sector, he said.

Atrash, who is also Executive Director and board member of Amman Pharmaceutical Industries (API) , said the sector has 151 establishments, with a registered capital of about JD341 million, while the number of Jordanian factories outside the Kingdom is 15, located in Saudi Arabia, Algeria, Egypt, Morocco and Sudan.

A “key” trait of the sector is its reliance on Jordanian manpower at various administrative and technical levels, who constitute more than 98% of the total number of 10,000 workers, and 35% of whom are female, he noted.

Source: Jordan News Agency