Tag: MENA

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ROSEN, A LEADING LAW FIRM, Encourages Rivian Automotive, Inc. Investors with Losses to Secure Counsel Before Important May 6 Deadline in Securities Class Action – RIVN

NEW YORK, April 25, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Rivian Automotive, Inc. (NASDAQ: RIVN) pursuant to or traceable to Rivian’s Initial Public Offering (“IPO”) on November 10, 2021 of the important May 6, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Rivian securities pursuant or traceable to the IPO 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 Rivian class action, go to https://rosenlegal.com/submit-form/?case_id=3880 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 May 6, 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 offering documents were materially inaccurate, misleading, and/or incomplete because they failed to disclose, among other things, that the R1T electric pickup truck and the R1S electric sport utility vehicle (SUV) were underpriced to such a degree that Rivian would have to raise prices shortly after the IPO and that these price increases would tarnish Rivian’s reputation as a trustworthy and transparent company and would put a significant number of the existing backlog of 55,400 preorders along with future preorders in jeopardy of cancellation.

To join the Rivian class action, go to https://rosenlegal.com/submit-form/?case_id=3880 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

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ROSEN, LEADING INVESTOR COUNSEL, Encourages Lucid Group, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – LCID

NEW YORK, April 25, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Lucid Group, Inc. (NASDAQ: LCID) between November 15, 2021 and February 28, 2022, inclusive (the “Class Period”), of the important May 31, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Lucid 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 Lucid class action, go to https://rosenlegal.com/submit-form/?case_id=4992 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 May 31, 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business and operations. Specifically, Defendants overstated Lucid’s production capabilities while concealing that “extraordinary supply chain and logistics challenges” were already significantly hampering the Company’s operations. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Lucid class action, go to https://rosenlegal.com/submit-form/?case_id=4992 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

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Open Society Condemns Travesty of Justice in Kavala Verdict

New York, April 25, 2022 (GLOBE NEWSWIRE) — The Open Society Foundations are appalled by today’s Turkish court decision to sentence Osman Kavala—the business leader and philanthropist—to life in prison, even though no credible evidence was ever presented to substantiate the baseless charges against him.

“Today a Turkish judge ruled against Osman Kavala even though there is not a shred of legitimate evidence against him,” said Mark Malloch-Brown, the president of the Open Society Foundations. “This bogus trial has utterly failed to meet the most basic standards for fairness and procedural justice.”

The court in Istanbul also sentenced seven other defendants to 18 years in prison each. The cases against these defendants were also without any merit.

Osman Kavala was first arrested and detained in October 2017. The government has held him, without conviction prior to today, for more than four years.

During that time, Turkish prosecutors have bent over backwards to try to keep Kavala in prison, even having him re-arrested in February 2020, after a previous trial ended with him being briefly released.

“This is not about justice,” added Malloch-Brown. “It is about trying to intimidate and silence anyone who might speak up in defense of human rights in Turkey, including all independent civil society groups.”

In December 2019, the European Court of Human Rights (ECHR) ruled that Kavala’s detention was unjustified, and that the case against him was designed to silence him and to dissuade other human rights defenders from speaking out.

Turkey has so far defied the ECHR ruling.

Kavala is an established businessman and philanthropist, known for his support of human rights, the arts, and culture in Turkey. He also served as a board member with Open Society’s foundation in Turkey. (Open Society Turkey shut its doors in 2018 due to harassment from the Turkish government.)

Kavala is expected to appeal the court ruling.

“It is long past time to end this legal farce,” added Malloch-Brown. “Osman Kavala should be released and his name cleared immediately.”

Office of Communications
Open Society Foundations 
(212) 548-0378
media@opensocietyfoundations.org
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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm – LICY, PDAC

NEW YORK, April 25, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Li-Cycle Holdings Corp. f/k/a Peridot Acquisition Corp. (NYSE: LICY, PDAC) between February 16, 2021 and March 23, 2022, inclusive (the “Class Period”) of the important June 20, 2022 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Li-Cycle 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 Li-Cycle class action, go to https://rosenlegal.com/submit-form/?case_id=4885 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 June 20, 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Li-Cycle’s largest customer, Traxys North America LLC, is not actually a customer, but merely a broker providing working capital financial to the Company while Traxys tries to sell Li-Cycle’s product to end customers; (2) the Company engaged in highly questionable related party transactions; (3) the Company’s mark-to-model accounting is vulnerable to abuse and gave a false impression of growth; (4) a significant portion of the Company’s reported revenues were derived from simply marking up receivables on products that had not been sold; (5) the Company’s gross margins have likely been negative since inception; (6) the Company will require an additional $1 billion of funding to support its planned growth (which is a figure greater than the Company raised via the merger); and (7) as a result, defendants’ public statements were 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 Li-Cycle class action, go to https://rosenlegal.com/submit-form/?case_id=4885 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

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Dual Miners Changing the Game in Cryptocurrency Mining

DUAL PREMIUM

High Hash Rate

HELSINKI, Finland, April 21, 2022 (GLOBE NEWSWIRE) — Dual Miners has recently earned the distinction becoming the first company ever to introduce an extraordinary range of endothermic cryptocurrency mining rigs. A team of investors working towards making crypto mining simple and profitable. Others have argued that cryptocurrency mining is becoming increasingly difficult, but a new announcement from Dual Miners, which is currently releasing worldwide, the world’s first dual-miner hardware, which uses both SHA-256 and Scrypt to mine.

Visit (https://dualminers.com/products/) for more information. Additionally, the dual-miners can be configured to process transactions for other cryptocurrencies that use the SHA-256 or Scrypt hashing algorithms.

Due to innovative hardware design, Dual Miner’s mining chip, FM9800-XD112, achieves high hash rates while consuming the least amount of energy possible. They come with a built-in controller as well as software already installed. Following an extensive period of testing that included evaluating, prototyping, and extreme-condition pressure testing, the Dual Miner’s DualPro and DualPro Max hardware products, as well as the DualPremium hardware products, are now ready for mass production.

Benefits of Using Dual Miners
What are the advantages of using the Dual Miners Enhance Energy Saver system over other systems? According to the solution’s inventors, each machine will be equipped with a cooling system, a 7-nanometer chip, a noise reduction mechanism, a regulated operational humidity with a power supply, and a wireless network connection (Wi-Fi) or an Ethernet connection. With a short delay, users can mine Bitcoin (BTC), Litecoin (LTC), Monero (XMR), Ethereum (ETH), and several other cryptocurrencies thanks to the algorithm attached to the system, which comprises globally known software and hardware technologies.

Dual Miner’s team consists of seasoned professionals
Dual Miners is a chip design and manufacturing firm with its headquarters in London, United Kingdom. It has a number of teams with in-depth expertise of blockchain technology and technological design.

The company, which has offices on three continents, provides crypto wallet development services as well as graphics processing units to customers. It also has a lot of experience in the fields of Blockchain development and bitcoin mining solutions, among other things.

Due to its extensive experience in the Blockchain business, Dual Miners is a reputable name in the field. It is as a result of this experience that it has been confirmed by firms such as Kraken, ASG Expertise, and FIS International. Dual Miners is putting its previous knowledge to good use once more in order to provide innovative solutions for Cryptocurrency consumers.

Pricing and Availability are important considerations
Dual Miners will cover the delivery fee as well as the customs fee, leaving the consumer to pay only for the unit and receive everything they need to get started without any further charges. “Consumers are now aware that our competitors have been defeated. They are unable to obtain our power or take advantage of our incredibly low electricity expenses. Despite our small size, we have enormous mining power; the DualPremium generates 60 TH/s for Bitcoin and 2.1 GH/s for Litecoin, respectively. It’s the best investment available on the market,” says Michael Scott, Operational Director and Chief Operating Officer of Dual Miners.

About Dual Miners
Founded in 2015, Dual miners, described as the world’s first dual-mining company, was established to develop and sell the world’s first leading dual Cryptocurrency miners using SHA-256 or Scrypt technology. Our goal, starting with the Dual Miners’ DualPro, was to give more power at a lesser cost than was previously available. Dual Miners is headquartered in London, United Kingdom, and has offices all around the world. More information can be found at www.dualminers.com

Michael Scott

PR MANAGER
Michael@dualminers.com
(+358) 41 4001034

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/16dc0570-9425-4920-bce1-4658333d6e81

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Anaqua Strengthens AQX IP Management Platform with Automated IDS Solution

New automation tool will drive operational efficiencies, saving time and money, for IP professionals

BOSTON, April 20, 2022 (GLOBE NEWSWIRE) — Anaqua, the leading provider of innovation and intellectual property management technology, today announced plans for the release of its new automated information disclosure solution as part of its AQX IP management offering for corporations and law firms. The new system will help IP professionals save time and money by streamlining and automating the IDS process.

By integrating with USPTO (Private PAIR) and leveraging optical character recognition (OCR) technology on PTO forms (892 and 1449), and international forms and search reports, Anaqua’s IDS system automatically extracts and processes data into an IDS form (SB/08) in just one click. The system also uses external patent data (AcclaimIP), machine learning, and AI tools to automate citation workflow, allowing IP professionals to be in control in managing citations.

“Our clients have shared their deep knowledge of the IDS process and the complicating factors involved in managing the workflow of internal data, external data, government forms, and more,” said Vincent Brault, SVP of Product & Innovation at Anaqua. “By combining commonly known technologies with USPTO and AcclaimIP patent data, we are putting the power of automated IDS management in the hands of our clients.”

“We are committed to delivering capabilities that drive value for our clients in every aspect of the IP management lifecycle and in this case automating the IDS process,” said Bob Romeo, CEO of Anaqua. “Our team is responding to our clients by delivering one of the most efficient and intuitive IDS management systems in the market. We look forward to our customers experiencing increased efficiency and accuracy during their IDS management processes with this release.”

About Anaqua
Anaqua, Inc. is a premium provider of integrated intellectual property (IP) management technology solutions and services for corporations and law firms. Its IP management software solutions, AQX and PATTSY WAVE, both offer best practice workflows with big data analytics and tech-enabled services to create an intelligent environment designed to inform IP strategy, enable IP decision-making, and streamline IP operations, tailored to each segment’s need. Today, nearly half of the top 100 U.S. patent filers and global brands, as well as a growing number of law firms worldwide use Anaqua’s solutions. Over one million IP executives, attorneys, paralegals, administrators, and innovators use the platform for their IP management needs. The company’s global operations are headquartered in Boston, with offices across the U.S., Europe, and Asia. For additional information, please visit anaqua.com, or on LinkedIn.

Company Contact:
Amanda Hollis
Communications Director
Anaqua
617-375-2626
ahollis@Anaqua.com