Day: March 22, 2023

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Nikkiso Clean Energy & Industrial Gases Group Anuncia a Expansão da Instalação de Vendas, Serviço e Engenharia na África do Sul

Nikkiso Clean Energy & Industrial Gases Group Anuncia a Expansão dos Serviços no Médio Oriente e Norte da África

O Nikkiso Clean Energy & Industrial Gases Group (“Grupo”), parte da Nikkiso Co., Ltd (Japão) e operando sob a Cryogenic Industries, Inc. (EUA), tem o orgulho de anunciar mais uma expansão de suas vendas, serviços e capacidades de engenharia para o mercado africano. A partir das suas instalações, eles fornecerão suporte para todos os produtos do Grupo.

TEMECULA, Califórnia, March 21, 2023 (GLOBE NEWSWIRE) — O Nikkiso Clean Energy & Industrial Gases Group (Grupo), parte da Nikkiso Co., Ltd (Japão), operando sob a Cryogenic Industries, Inc. (EUA), tem o orgulho de anunciar mais uma expansão da sua capacidade de vendas, serviço e engenharia no mercado africano. A partir das suas instalações, eles fornecerão suporte para todos os produtos do Grupo.

Localizada em Waterfall, KZN, África do Sul, a instalação foi criada para proporcionar uma presença mais forte na África e apoiar o centro de engenharia e o centro econômico da África do Sul. O suporte local de engenharia e de serviço em campo irá oferecer um conhecimento específico da região e dos mercados locais, permitindo soluções altamente personalizadas.

Além de oferecer vendas técnicas para todos os produtos do Grupo, uma nova equipe de comissionamento de unidade de separação de ar oferece suporte ao cliente. O suporte adicional de engenharia fornecerá otimização de processos e de design, e soluções inovadoras para a região. A instalação também fornecerá equipamentos de GNL, em apoio à grande expansão do gás natural em Moçambique e ao potencial desenvolvimento de oleodutos virtuais para combustível de GNL para mitigar a crise de eletricidade.

“Essa expansão nos permite responder rapidamente às crescentes necessidades de energia da África e oferecer mais serviços e suporte aos nossos clientes com a nossa presença local”, disse Peter Wagner, CEO da Cryogenic Industries e Presidente do Grupo.

Bruce van Dongen atuará como Diretor Administrativo. Uma instalação de serviço está prevista para o futuro, em suporte às bombas e aos turboexpansores. Isto é um exemplo do compromisso e apoio do grupo para com a ampliação do mercado africano.

SOBRE A CRYOGENIC INDUSTRIES

A Cryogenic Industries, Inc. (agora parte da Nikkiso Co., Ltd.) fabrica e presta serviços para equipamentos de processamento de gás criogênico projetados (bombas, turboexpansores, trocadores de calor, etc.) e plantas de processo para Gases Industriais, Liquefação de Gás Natural (GNL), Liquefação de Hidrogênio (LH2) e Ciclo Rankine Orgânico para Recuperação de Calor de Resíduos. Fundada há mais de 50 anos, a Cryogenic Industries é a empresa controladora da ACD, Nikkiso Cryo, Nikkiso Integrated Cryogenic Solutions, Cosmodyne e Cryoquip, e de um grupo comumente controlado de 20 entidades operacionais.

Para mais informação, visite www.nikkisoCEIG.com e www.nikkiso.com.

CONTATO COM A MÍDIA:

Anna Quigley
+1.951.383.3314
[email protected]

Foto deste comunicado disponível em:
https://www.globenewswire.com/NewsRoom/AttachmentNg/30d66f23-e389-4adb-86c2-43133a748d6e/pt

GlobeNewswire Distribution ID 8793066

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Nikkiso Clean Energy & Industrial Gases Group annonce une expansion de son installation de ventes, service et ingénierie en Afrique du Sud

Nikkiso Clean Energy & Industrial Gases Group annonce une expansion de son installation de ventes, service et ingénierie en Afrique du Sud

Nikkiso Clean Energy & Industrial Gases Group (le « Groupe »), qui fait partie de Nikkiso Co., Ltd (Japon) et opère dans le cadre de Cryogenic Industries, Inc. (États-Unis), est fier d’annoncer une nouvelle expansion de ses capacités de ventes, service et ingénierie pour le marché africain. Depuis son installation, l’entreprise fournira une assistance pour tous les produits du Grope.

TEMECULA, Californie, 22 mars 2023 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group (le « Groupe »), qui fait partie de Nikkiso Co., Ltd (Japon) et opère dans le cadre de Cryogenic Industries, Inc. (États-Unis), est fier d’annoncer une nouvelle expansion de ses capacités de ventes, service et ingénierie pour le marché africain. Depuis son installation, l’entreprise fournira une assistance pour tous les produits du Groupe.

Située à Waterfall, dans le KwaZulu-Natal, en Afrique du Sud, l’installation à été établie pour fournir une empreinte plus forte en Afrique et afin de soutenir le centre économique et le hub d’ingénierie d’Afrique du Sud. Les ingénieurs locaux et l’équipe d’assistance aux services sur le terrain apporteront des connaissances spécifiques de la région et des marchés locaux, permettant la création de solutions hautement personnalisées.

Outre l’offre de ventes techniques pour l’ensemble des produits du Groupe, l’entreprise a ajouté une équipe de mise en service d’unités de séparation de l’air comprenant une assistance client. Cette équipe d’assistance en ingénierie supplémentaire fournira une optimisation de la conception et des processus ainsi que des solutions innovantes à la région. L’installation fournira aussi de l’équipement GNL afin de soutenir la grande expansion de gaz naturel au large du Mozambique, et le développement potentiel de pipelines virtuels pour le GNL en guise de combustible dans le but d’atténuer la crise de l’électricité.

« Cette expansion nous positionne de manière à pouvoir réagir rapidement aux besoins énergétiques croissants de l’Afrique, et à offrir une assistance et un service améliorés à nos clients grâce à notre présence locale », selon Peter Wagner, PDG de Cryogenic Industries et président du Groupe.

Bruce van Dongen sera le directeur général. Une installation de service est prévue pour un moment indéfini dans l’avenir. Elle prendra en charge les pompes et turbodétendeurs. Cette expansion reflète l’engagement du groupe et son soutien au développement du marché africain.

À PROPOS DE CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (aujourd’hui membre de Nikkiso Co., Ltd.) et ses entreprises membres fabriquent et entretiennent des équipements de traitement du gaz cryogénique (pompes, turbodétendeurs, échangeurs thermiques, etc.), et des usines de traitement pour les gaz industriels, la liquéfaction du gaz naturel (GNL), la liquéfaction de l’hydrogène (LH2) et le cycle organique de Rankine pour la récupération de la chaleur perdue. Fondée il y a plus de 50 ans, Cryogenic Industries est la société-mère d’ACD, de Nikkiso Cryo, de Nikkiso Integrated Cryogenic Solutions, de Cosmodyne et de Cryoquip, et d’un groupe administré en commun comptant une vingtaine d’entités opérationnelles.

Pour tout complément d’information, veuillez consulter les sites www.nikkisoCEIG.com et www.nikkiso.com.

CONTACT AUPRÈS DES MÉDIAS :

Anna Quigley
+1.951.383.3314
[email protected]

Une photo accompagnant ce communiqué de presse est disponible à l’adresse suivante : https://www.globenewswire.com/NewsRoom/AttachmentNg/30d66f23-e389-4adb-86c2-43133a748d6e/fr

GlobeNewswire Distribution ID 8793066

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

NEW YORK, March 21, 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 [email protected] or [email protected] 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 [email protected] or [email protected] 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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 8793020

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ROSEN, NATIONAL TRIAL LAWYERS, Encourages Dutch Bros, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – BROS

NEW YORK, March 21, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Dutch Bros, Inc. (NYSE: BROS) between March 1, 2022 and May 11, 2022, both dates inclusive (the “Class Period”), of the important May 1, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Dutch Bros 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 Dutch Bros class action, go to https://rosenlegal.com/submit-form/?case_id=12586 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 1, 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 materially false and/or misleading statements, and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) the Company was experiencing increased costs and expenses, including on dairy; (2) as a result, the Company was experiencing increased margin pressure and decreased profitability in the first quarter of 2022; and (3) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Dutch Bros class action, go to https://rosenlegal.com/submit-form/?case_id=12586 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 8793014

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ROSEN, A TOP RANKED LAW FIRM, Encourages Signature Bank Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – SBNY, SBNYP

NEW YORK, March 21, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Signature Bank (NASDAQ: SBNY, SBNYP) between March 2, 2023 and March 12, 2023, both dates inclusive (the “Class Period”), of the important May 15, 2023 lead plaintiff deadline, in the securities class action commenced by the Firm.

SO WHAT: If you purchased Signature Bank 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 Signature Bank class action, go to https://rosenlegal.com/submit-form/?case_id=12988 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 15, 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. Many of these firms do not actually litigate securities class actions. 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, among other things, that: (1) Signature Bank did not have the strong fundamentals that it represented itself as having in the days immediately prior to its takeover, or otherwise took action that left it susceptible to a takeover by the New York Department of Financial Services (“DFS”); (2) as a result, it became a target for regulatory action by the DFS, and (3) 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 Signature Bank class action, go to https://rosenlegal.com/submit-form/?case_id=12988 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com    

GlobeNewswire Distribution ID 8792774

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Geopolitical Tensions Enabled Increased Hacktivist Cyber Threats in 2022

New report from FS-ISAC highlights opportunity for cyberattacks against public and private institutions

RESTON, Va., March 21, 2023 (GLOBE NEWSWIRE) — FS-ISAC, the member-driven, not-for-profit organization that advances cybersecurity and resilience in the global financial system, today announced the findings of its annual Global Intelligence Office report, Navigating Cyber 2023.

The latest report showcased the effect that Russia’s invasion of Ukraine had on the global cyber threat landscape, sparking a flood of ideologically driven “hacktivism” that continues to this day. Driven from both sides of the conflict, the threats have increased substantially within the financial services sector, particularly for institutions in countries that Russia considers hostile. These threats can come from hacktivist groups or directly from the nation-states themselves.

“Unfortunately, the growing involvement of non-state actors attacking on an ideological basis and the manipulation of information by malicious actors will continue to sow uncertainty across the landscape in actual and perceived security threats,” said Steven Silberstein, CEO of FS-ISAC. “The best tool available for financial institutions to combat this is intelligence sharing, allowing collaboration across the global industry and ensuring better cyber preparedness. Cyber threats often evolve faster than the tools we use to combat them, but our strength is in our community.”

The report also highlights that some of the more traditionally common cyber threats, such as DDoS attacks and ransomware, are becoming more sophisticated and the suite of tools at a malicious actor’s disposal continues to develop.

Looking ahead into 2023, some of the key drivers of change in the threat landscape include:

  • A growing market for malware-as-a-service: As threat actors become specialized in specific aspects of the kill chain and offer their services in skills and code for sale, cyberattacks become easier to orchestrate, less attributable, and of lower risk. Supply chain threats proliferate as key software, authentication, technology, and cloud service providers are increasingly targeted.
  • The accessibility of AI helping attackers, and defenders: The emergence of new AI-technology lowers the barrier for hacking, allowing threat actors to use tools like ChatGPT to design ever more convincing phishing lures. However, those same tools will be leveraged to strengthen defenses as well.
  • Cryptocurrency offers a prime target for cyber criminals: Cryptocurrency and digital assets are becoming more integrated into global financial infrastructure, generating a complex regulatory environment for multinational firms. In addition, threat groups will continue to finance their operations using cryptocurrency, highlighting the need for better oversight and asset class protections.

“Cyber criminals are endlessly inventive, and aided by technological advances,” said Teresa Walsh, Global Head of Intelligence at FS-ISAC. “The emergence of new technologies and malware delivery tactics will require institutions to ensure they keep up with evolving cyber threats on a continuous basis and focus on resilience so they can keep operating no matter what happens.”

The threat landscape is rapidly changing, and organizations face key challenges of increasing regulation around the world, seismic shifts in the cyber insurance market, and cybersecurity talent shortages. Facing massive changes in their operational environment, the financial services sector must navigate pressures to reduce costs without compromising the ability to continuously evolve defenses and enhance operational resilience.

Methodology

The Navigating Cyber 2023 report is sourced from FS-ISAC’s thousands of member financial firms in 75 countries and further augmented by analysis by the Global Intelligence Office. Multiple streams of intelligence were leveraged for the curation of the round-up, which examined data from January 2022 to January 2023. The publicly accessible version of the report can be found here. The full report is only available to member financial institutions.

About FS-ISAC

FS-ISAC is the member-driven, not-for-profit organization that advances cybersecurity and resilience in the global financial system, protecting the financial institutions and the people they serve. Founded in 1999, the organization’s real-time information-sharing network amplifies the intelligence, knowledge, and practices of its members for the financial sector’s collective security and defenses. Member financial firms represent $100 trillion in assets in 75 countries.

Contacts for Media:
[email protected]

GlobeNewswire Distribution ID 8792894

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EQUITY ALERT: ROSEN, A LEADING LAW FIRM, Encourages Rite Aid Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm – RAD

NEW YORK, March 21, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Rite Aid Corporation (NYSE: RAD) between April 26, 2018 and March 13, 2023, 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 May 19, 2023.

SO WHAT: If you purchased Rite Aid 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 Rite Aid class action, go to https://rosenlegal.com/submit-form/?case_id=9388 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 19, 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) Until at least June 2019, Rite Aid filled at least hundreds of thousands of unlawful prescriptions for controlled substances that lacked a legitimate medical purpose, including for potentially lethal opioids such as oxycodone and fentanyl; (2) Rite Aid pharmacists filled these prescriptions despite clear “red flags” that indicated that the prescriptions were unlawful; (3) Rite Aid ignored evidence that its stores were dispensing unlawful prescriptions, and intentionally deleted internal notes about suspicious prescribers written by concerned pharmacists; (4) by knowingly filling unlawful prescriptions for controlled substances, Rite Aid violated the Controlled Substances Act and, where Rite Aid sought reimbursement from federal healthcare programs, also violated the False Claims Act; (5) as a result, it was at risk of prosecution by federal authorities such as the United States Department of Justice (“DOJ”) and (6) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Rite Aid class action, go to https://rosenlegal.com/submit-form/?case_id=9388 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 8792702

Posted on

ROSEN, NATIONAL TRIAL LAWYERS, Encourages ZTO Express (Cayman) Inc. Investors to Inquire About Securities Class Action Investigation – ZTO

NEW YORK, March 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of ZTO Express (Cayman) Inc. (NYSE: ZTO) resulting from allegations that ZTO Express may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased ZTO 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=12595 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

WHAT IS THIS ABOUT: On March 2, 2023, market analyst Grizzly Research published a report on ZTO Express called “ZTO Express Inc. (NYSE: ZTO): China’s “Best-in-Class” Logistics Company is Really “Best in Show”; We Believe Financials are Fake and Insiders are Stealing from the Company.” The report alleged that ZTO Express has falsified various financial metrics in its Securities & Exchange Commission (“SEC”) filings, including its margins, by understating revenues and overstating net profit. Further, the report alleged, among other things, that ZTO Express underreports employees to decrease its costs, that its utilizes “sham network partner acquisitions to enrich insiders” and engages in undisclosed related party transactions.

On this news, ZTO Express’s American Depositary Share (“ADR”) price fell $1.06, or 4.32%, per ADR in intraday trading.

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.

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