ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Molecular Partners AG Investors With Losses to Secure Counsel Before Important Deadline in Securities Class Action – MOLN

NEW YORK, Aug. 20, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Molecular Partners AG (NASDAQ: MOLN): (i) pursuant and/or traceable to the offering documents issued in connection with the Company’s initial public offering conducted on or about June 16, 2021 (the “IPO”); and/or (ii) between June 16, 2021 and April 26, 2022, both dates inclusive (the “Class Period”), of the important September 12, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Molecular Partners 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 Molecular Partners class action, go to https://rosenlegal.com/submit-form/?case_id=7548 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 September 12, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, the IPO documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, the complaint alleges that, throughout the Class Period, defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the IPO documents and defendants made false and/or misleading statements and/or failed to disclose that: (1) ensovibep was less effective at treating COVID-19 than defendants had led investors to believe; (2) accordingly, the U.S. Food and Drug Administration (“FDA”) was reasonably likely to require an additional Phase 3 study of ensovibep before granting the drug Emergency Use Authorization (“EUA”); (3) waning global rates of COVID-19 significantly reduced the Company’s chances of securing EUA for ensovibep; (4) as a product candidate, MP0310 (AMG 506), in development for the treatment of certain types of cancer,  was less attractive to Amgen Inc. (“Amgen”) than defendants had led investors to believe; (5) accordingly, there was a significant likelihood that Amgen would return global rights of MP0310 to Molecular Partners; (6) as a result of all the foregoing, the clinical and commercial prospects of ensovibep and MP0310 were overstated; and (7) as a result, the IPO documents and defendants’ public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Molecular Partners class action, go to https://rosenlegal.com/submit-form/?case_id=7548 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.

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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

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Sinovac Biotech Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action Against 1Globe Capital LLC and Certain of its Officers – SVA

NEW YORK, Aug. 20, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of sellers of the stock of Sinovac Biotech Ltd. (NASDAQ: SVA) between April 11, 2016 and February 22, 2019, both dates inclusive (the “Class Period”) against 1Globe Capital LLC and certain of its officers. If you wish to serve as lead plaintiff, you must move the Court no later than October 17, 2022.

SO WHAT: If you sold Sinovac 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 Sinovac class action, go to https://rosenlegal.com/submit-form/?case_id=8179 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 October 17, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. 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’ intentionally false statements and omissions concerning the true nature of 1Globe, a family investment office that is owned and controlled by defendant Jiaqiang Li, and Li’s ownership of Sinovac stock caused the exchange, under the Rights Agreement of March 28, 2016 which included a “poison pill” limiting the number of Sinovac shares that a shareholder could acquire, to be delayed by several years. If Li had fully disclosed his ownership of Sinovac stock, as he was required to do under Section 13(d), it would have been clear that the Rights Agreement was triggered by May 2016, at the latest. While Sinovac knew enough information starting in 2016, largely based on private correspondence, to determine that 1Globe and Li triggered the Rights Agreement, defendants hid the full extent of their ownership of Sinovac stock and their agreements in connection with the battle for control of the Company. Defendants therefore also tortiously interfered with Sinovac’s contractual obligations to its shareholders under the Rights Agreement.

Also according to the lawsuit, if 1Globe’s and Li’s actions were disclosed publicly, as they were required to be under Section 13(d), shareholders’ rights would have been exercisable based on that public disclosure, and an exchange would have occurred based on that date. By misrepresenting the true nature of their ownership of Sinovac stock, defendants caused that date to be delayed almost three years, until February 22, 2019, resulting in the class losing their rights to acquire additional shares of Sinovac stock for all of their shares that they sold in the interim. While Sinovac should have implemented the Rights Agreement in 2016 based on the information available to it at the time, 1Globe and Li exacerbated the problem by violating their disclosure obligations under Section 13(d). Moreover, defendants caused the value of Sinovac stock to be artificially depressed by preventing the public from accounting for the value of defendants’ stake in Sinovac and their efforts to take control of the Company.

To join the Sinovac class action, go to https://rosenlegal.com/submit-form/?case_id=8179 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

 

MoCC in collaboration with WWF-Pakistan, initiates Pakistan’s Third National Communication on Climate Change 

Islamabad, August 20, 2022 (PPI-OT):The Ministry of Climate Change, in collaboration with WWF-Pakistan, organized a project inception workshop at Serena Hotel, Islamabad, to launch the ‘Preparation of Pakistan’s Third National Communication (TNC) under the UN Framework Convention on Climate Change (UNFCCC)’, and create awareness among relevant stakeholders about its key components and themes.

Pakistan ratified the UNFCCC in June 1994 and was among the first South Asian countries which realized the need to control the anthropogenic contribution to global climate change and the need to respond effectively to its adverse impact. Under Article 4(1) of the UNFCCC, each party is required to submit periodic ‘national communications’, reporting an inventory of greenhouse gas emissions by sources and removals by sinks, a general description of measures taken or envisaged by the Convention and any other information considered relevant to its objectives.

This TNC will be a follow-up from the Second National Communication that was submitted by Pakistan in 2019 and the First Biennial Update Report, submitted in April 2022 to the UNFCCC. It will entail how the country has been implementing the Convention, whilst also highlighting critical issues, constraints and capacity requirements for climate mitigation and adaptation.

During this opening statement, Hammad Naqi Khan, Director General WWF-Pakistan said that “In the last few months alone, we have witnessed heat waves, forest fires, GLOFs, and altered rainfall patterns- all manifestations of climate change. This is why it is extremely important that this exercise is done to revisit our policies and strategies, identify gaps, and try to plug them to mitigate and adapt to the realities we are facing today.”

The main implementing partners, including Global Change Impact Study Centre (GCISC), National Energy Efficiency and Conservation Authority (NEECA), Pakistan Council for Renewable Energy Technologies (PCRET) and WWF-Pakistan gave an overview of their planned project activities under seven thematic working groups of the TNC.

Speaking at the event, Joudat Ayaz, Additional Secretary Ministry of Climate Change shared that if steps were not taken to control climate change, by 2100, our coastline would be somewhere between Karachi and Hyderabad, resulting in environmental crises and massive internal migration. He also added that till last year, Pakistan saw an average of four to five GLOF events, whereas this year alone, there have been 17 such events.

“Till about a decade ago, it was thought that environmentally sustainable policies and actions are a priority for rich countries. But it is equally important for developing countries. At the national level, the MoCC is prioritizing this and has initiated programmes like TBTTP, restoration of mangrove forests, the Clean Green Pakistan movement, the global methane pledge, the electric vehicle policy, etc.”

In the closing remarks, Muhammad Farooq, Joint Secretary Development, Ministry of Climate Change said “Mitigation and adaptation remain the top challenges for us. While we are addressing the mitigation side through a number of projects, we need to work hard on adaptation, specifically at the provincial and local levels where people in the lowest strata of society are suffering the consequences of climate change. Similarly, on the governance side, we need to work more on coordination and implementation.”

The one-day event was attended by relevant departments of ministries, including but not limited to the Ministries of Planning, Development and Special Initiatives, National Food Security and Research, and Water Resources; public/private organizations, INGOs/NGOs, and academia.

For more information, contact:
Head Office,
WWF – Pakistan
P.O. Box 5180, Ferozepur Road, Lahore, Pakistan
UAN: +92-42-111-993-725
Tel: +92-42-35855145-50
Fax: +92-42-35862358
E-mail: info@wwf.org.pk
Website: http://www.wwfpak.org/

WWF and SEPA’s joint efforts bring textile and leather industries on path to sustainability 

Karachi, August 20, 2022 (PPI-OT):Smart and innovative solutions to conserve water, energy and other natural resources in textile and leather sectors can help reduce adverse environmental impacts, provide cost-saving opportunities and enhance overall revenue of industries. These solutions should be implemented in the industrial sector at a larger scale across Pakistan’.

This was stated by speakers during the media briefing workshop organized by WWF-Pakistan under its 6-year International Labour and Environmental Standards Application in Pakistan’s SMEs (ILES) project, funded by the European Union.

The project is implemented in four major cities across Pakistan; which include Karachi, Lahore, Faisalabad and Sialkot; and aims to support the economic integration of Pakistan into the global and regional economy by increasing exports through improved compliance and gaining confidence of international buyers.

Speaking on the occasion, Rashid Ahmed, Manager ILES WWF-Pakistan shared the project’s successes and highlighted that the project contributed towards the reduction of carbon emissions and chemical usage and promoted the efficient use of energy resources.

He further said that over 21 textile and leather industries in Pakistan have collectively saved 226.39 million rupees by implementing sustainable environmental management practices introduced by these initiatives. To enforce environmental laws and standards in Pakistan, the project built the capacity of relevant government officials and financial institutes.

Textile and leather sectors, despite being the two largest export earning sectors of the country, face several challenges such as compliance issues, availability of the raw material, and international market competition. He lauded the efforts of the government for approving a new textile policy, which envisages to double its export target up to USD 42 billion over the next three years.

Ashiq Ali Langah, Director Technical, Sindh Environmental Protection Agency (SEPA) said that the agency, in collaboration with WWF-Pakistan, has drafted the Cleaner Production Policy which is the first of its kind in the industrial history of Pakistan.

He said that the policy aims at providing technical and professional support to industries to adopt sustainable practices, environmentally sound processes and equipment in line with international standards. He was of the view that Sindh faces several environmental challenges but consolidated efforts are required to tackle them in time. He emphasized on the need to improve the law enforcement mechanism in the province.

Furqan Ullah, Manager Compliance and Sustainability at one of the leading textile industries shared that the textile industry is facing multiple challenges, including gaps in environmental laws, lack of guidelines on carbon emissions, poor handling of resources and waste disposal. Through the ILES project, many of the issues have been addressed while some still need to be considered.

The textile and leather sectors are key drivers of Pakistan’s economy and represent the bulk of industries which provide employment to a considerable population. However, the industries employ potentially pollution-intensive processes with water discharge and use of chemicals deemed harmful for the environment. The ILES project is striving hard to build the capacity of the public and private partners, providing them with technical support to achieve sustainable industrial growth.

For more information, contact:
Head Office,
WWF – Pakistan
P.O. Box 5180, Ferozepur Road, Lahore, Pakistan
UAN: +92-42-111-993-725
Tel: +92-42-35855145-50
Fax: +92-42-35862358
E-mail: info@wwf.org.pk
Website: http://www.wwfpak.org/

Vice Chancellor Dr. Khalil Ahmed extended felicitations to Dr. Mukhtar Ahmed on his Joining as Chairman HEC

Khairpur, August 20, 2022 (PPI-OT):Prof. Dr. Khalil Ahmed Ibupoto, Vice Chancellor, Shah Abdul Latif University Khairpur extended felicitations to Prof. Dr. Mukhtar Ahmed on his appointment as Chairman Higher Education Commission, Islamabad. Dr. Ibupoto also decorated him with traditional Sindhi Ajrak as token of respect and as good will gesture. Meanwhile, a meeting was also held with Chairman Higher Education Commission.

Dr. Khalil Ahmed Ibupoto and Dr. Mukhtar Ahmed discussed the areas of mutual interests for the promotion of higher education, research and development at Public Sector Universities and Degree Awarding Institutes. Wherein the issues pertaining to higher education sector were also reviewed and revisited in the best interest of the Public Sector Universities.

It is recalled that Prof. Dr. Khalil Ahmed Ibupoto and Prof. Dr. Mukhtar Ahmed has best and cordial relations also during the past when the incumbent Vice Chancellor was Chairman Pakistan Science Foundation, Islamabad and Dr. Mukhtar Ahmed was the Chairman of Higher Education Commission at that time.

For more information, contact:
Shah Abdul Latif University (SALU)
Old National Highway, Khairpur, 66020 Sindh, Pakistan
Tel: +92-243-9280051-4
Fax: +92-243-9280060
Email: info@salu.edu.pk
Website: https://salu.edu.pk

IBA Karachi and National Clearing Company of Pakistan Limited signed an MoU to set up the NCCPL Endowment Fund at IBA

Karachi, August 20, 2022 (PPI-OT):The Institute of Business Administration (IBA) Karachi and the National Clearing Company of Pakistan Limited (NCCPL) signed an MoU to establish a fund to support the education of deserving students. The agreement was signed by Executive Director, IBA Karachi, Dr. S Akbar Zaidi, and CEO, NCCPL, Mr. Muhammad Lukman. Participants included Mr. Imran Ahmed Khan, Chief Operating Officer, NCCPL, and Ms. Malahat Awan, Director, Alumni Communications and Resource Mobilization (ARC), IBA.

The funds will be used to set up the NCCPL Endowment Fund at IBA. The funds will provide financial assistance to the students struggling to defray their educational liabilities. NCCPL has provided PKR 3 million and plans to scale up the size of the funds in the coming months.

CEO, NCCPL, Mr. Muhammad Lukman praised the role of IBA in producing quality graduates for the corporate world. He said, “It’s high time that industries should be moving parallel with education sector and I believe that these institutes will be the leading front in providing first class individuals who will play a crucial role for our economy in coming years. IBA has impressively contributed in Pakistan not only just in quality education but catering to demanding industrial requirements across research and individual talent provision. Likewise, NCCPL has always actively contributed towards community development and will continue to strive for the betterment of the local economy through such initiatives under the umbrella of corporate social responsibility.”

Executive Director, IBA Karachi, Dr. Akbar Zaidi, on the occasion, said, “It is good to see NCCPL coming forward and playing their role in the development of knowledge economy. The funds will help us in our mission of imparting quality education to students irrespective of their ability to pay.”

For more information, contact:
Executive, Communication and Public Affairs,
Institute of Business Administration Karachi (IBA)
Main Campus: University Road, Karachi – 75270, Pakistan
UAN: +92-21-111-422-422 (Ext. 269)
Fax: +92-21-99261508
Email: raza.lakhani@khi.iba.edu.pk
Website: https://www.iba.edu.pk