Day: May 26, 2023

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ROSEN, LEADING TRIAL ATTORNEYS, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PLUG

NEW YORK, May 25, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Plug Power Inc. (NASDAQ: PLUG) between August 9, 2022 and March 1, 2023, both dates inclusive (the “Class Period”) of the important June 12, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Plug Power common stock 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 Plug Power class action, go to https://rosenlegal.com/submit-form/?case_id=1011 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 June 12, 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: The lawsuit alleges that, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about Plug’s business and operations. Specifically, defendants misrepresented and/or failed to disclose that Plug was unable to effectively manage its supply chain and product manufacturing, resulting in reduced revenues and margins, increased inventory levels, and several large deals being delayed until at least 2023, among other issues. As a result, defendants’ statements about Plug Power’s business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Plug Power class action, go to https://rosenlegal.com/submit-form/?case_id=1011 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 8846734

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MAHARAT FOUNDATION: ‘A BLEAK LEBANESE FUTURE AHEAD: GREY LISTING BY FTFA & INTERPOL RED NOTICE RECEIPT’

More than three years into Lebanon’s financial and socioeconomic crises, officials are still denying exhaustive, adequate, and fair recovery schemes that could at the bare minimum limit the damage that’s been contrived. The recent Lebanon Economic Monitor published by the World Bank, emphasizes the dangers of maintaining the status quo by using ineffective and costly monetary tools to halt the LBP depreciation at the expense of dwindling foreign-exchange reserves at the Central Bank. Eschewing responsibility has been a core attribute of Lebanese policy making; an insolvent banking sector has been left without restructuring, leading to a highly dollarized cash economy which by no means, is a contributor to growth as it has deepened inequity and social inequality. In contrast, it has cloaked the origin of illegitimate activities, incentivized tax evasion, and rendered monetary policies ineffective since the cash economy accounts for 45.7% of the 2022 GDP. The Financial Action Task Force (FATF)’s relegation of Lebanon to the ‘grey’ zone is the latest warning received by the Government of Lebanon (GoL) on its inadequate response to preventing terrorism financing and money laundering. While the consequences are dire to an already precarious economic situation in Lebanon, citizens will contend with a predicament that will expose them to a downgraded credit rating, reputational damage, and difficulty obtaining global finance, inter alia. A year after the GoL signed a Staff Level Agreement with the International Monetary Fund, the future of Lebanon looks extremely bleak as authorities hold off corrective policies that are due, and whose deferral will only aggravate living standards, and dilate social inequality. Another major blow to Lebanon has been the receipt of an Interpol red notice against the governor of the Central Bank which exposes Lebanon to additional financial and economic risks regarding its external relations, and denigrates its standing in the international community. The culture of impunity and untouchability ought to cease immediately; we warn against futile efforts undertaken by the GoL to conceal crime evidence and stress the need to protect the public interest. We call on the GoL to immediately assume its executive role as the sole manager of Lebanon’s internal and external affairs, and shield its citizens from unnecessary deleteriousness. Followingly, we urge the parliament to proactively fulfill its monitoring responsibilities and interrogate the GoL regarding the actions that have resulted in the current predicament.

Source: National News Agency – Lebanon

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BERRI BROACHES LATEST DEVELOPMENTS WITH UN’S WRONECKA, DANDAN

House Speaker, Nabih Berri, on Friday welcomed at his Ain al-Tineh residence United Nations Special Coordinator for Lebanon, Joanna Wronecka, with whom he discussed the general situation and the latest developments. Berri also had an audience with Lebanese Ambassador to the United Arab Emirates, Fouad Dandan.

Source: National News Agency – Lebanon

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Jordan’s legislature condemns attack on Jordanian envoy’s residence in Khartoum

The Parliamentary Foreign Affairs Committee in Jordan’s Lower House Friday condemned the attack and vandalism of the Jordanian ambassador’s residence in Sudan’s Khartoum. In a statement, the Committee noted the need to uphold the rules of international law and relevant international conventions, especially the Vienna Convention, following an attack on the Jordanian ambassador’s residence in troubled Khartoum. The envoy and his family were not present in their house at the time of the attack. The President of the Committee, MP Khaldoun Hina, denounced “all forms” of violence and vandalism, especially those attacks against diplomats and diplomatic missions.

Source: Jordan News Agency

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Ajman Chamber hosts Ajman-Portugal Business Forum to boost trade, investment activities

AJMAN, 25th May, 2023 (WAM) — The Ajman Chamber of Commerce and Industry (ACCI) organised the Ajman-Portugal Business Forum with a view to enhancing joint cooperation and discussing opportunities to increase the volume of intra-trade and investments between the two countries and enabling business communities in both Ajman and Portugal. The forum aims to consolidate joint cooperation and learn about the available opportunities, especially in the field of furniture and furnishings. A part of the chamber’s efforts to develop a renewed global economic relations network that supports expansion and business development opportunities and promotes the emirate as an ideal destination for investment, the forum was attended by Mohamed Ali Al Janahi, Executive Director of the Trade Development and International Relations Sector, Nasser Al Dhafri, Executive Director of the Member Support and Innovation Sector, and Jamila Kajoor, Director of the Promotion and International Relations Department at the Ajman Chamber. The Portuguese delegation was headed by Vitor Pocas, President of the Portuguese Association of Wood and Furniture Industries (AIMMP), and Lurdes Eusebio, Founder and Chairwoman of the Portugal Business Council in Sharjah. A group of investors and owners of companies and factories concerned with the furniture and furnishings sector from Ajman and Portugal also attended the forum. The Ajman Tourism Development Department (ATDD), the Department of Economic Development in Ajman (Ajman DED), and the Ajman Free Zone (AFZ) participated in the forum held at the Ajman Saray Hotel. Mohamed Al Janahi emphasised the importance of the forum and its role in building fruitful trade and investment partnerships, especially in the furniture and furnishings sector, which is one of the best-distinguished sectors in the emirate of Ajman. Al Janahi underscored the significant growth in the UAE-Portugal economic relations during recent years, as non-oil exports doubled in 2021 compared to 2020, and the total volume of trade between the two countries in 2021 reached about AED 1.33 billion compared to about AED 1 billion in 2020. For his part, Vitor Pocas presented an overview of the components of the wood and furniture industries in Portugal, explaining the efforts of AIMMP in upgrading the wood and furniture industries and reaching a segment of customers in various countries. He also stressed the keenness of the Portuguese side to strengthen relations and partnerships with government and private agencies in the emirate of Ajman, and increase the volume of trade in the field of wood and furniture industries. The Ajman Chamber, ATDD, Ajman DED, and AFZ gave a comprehensive presentation on the investment opportunities available in Ajman in the sectors of tourism, industry, trade, education, health, services, real estate, building and construction, and other sectors, and the extent of Ajman’s uniqueness with attractive competitive elements that support the ease of doing business. The forum witnessed a review of the participating private sector establishments for their most prominent products, and bilateral meetings were held to discuss opportunities for cooperation and partnership and the possibility of benefiting from the opportunities available in the two countries.

Source: Emirates News Agency (WAM)

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Jordan’s trade with countries it has agreements with top USD23bln

The value of trade exchange between Jordan and countries with which it has free trade agreements accounted for 58 per cent of the country’s overall trade in 2022, according to data published by the Amman Chamber of Commerce. Jordan’s exchanges during 2022 with countries with which it has free trade agreements and partnerships amounted to $23 billion, more than half of which are with Arab countries. Jordan signed free trade agreements with international and bilateral economic blocs with different countries, most notably: the Greater Arab Free Trade Area in 1978, free trade with the US, which entered into force in 2001 and the Jordanian-European Partnership, which entered into force in 2002. Jordan signed a free trade agreement with EFTA countries, which includes Switzerland, Liechtenstein, Iceland and Norway, which entered into force in 2002. It also has a free trade agreement with Singapore, which entered into force in 2005. Jordan signed an agreement to establish a free trade exchange zone between the Arab and Mediterranean countries (Agadir), which includes Tunisia, Egypt, Morocco and Jordan and a free trade agreement with Canada and the UK. The countries of the Greater Arab Free Trade Zone accounted for more than half of Jordan’s trade with countries with which it has agreements at a value of $12.299 billion, which constituted 31 per cent of Jordan’s total foreign exchange, followed by the countries of the EU with a value of $4.880 billion, then the US with a value of $3.973 billion. Jordan’s trade with Agadir countries during 2022 amounted to USD1.162 billion, and its trade with the EFTA amounted to USD1.055 billion. Jordan’s trade with the Jordanian-British agreement amounted to USD312 million, followed by Canada at USD168 million and Singapore with a value of USD57 million.

Source: Jordan News Agency

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Jordan envoy’s residence in Khartoum vandalised

Jordan’s Foreign Ministry Friday reported that the residence of the Jordanian ambassador in Khartoum, Sudan, was attacked and vandalised, adding that the ambassador and embassy staff were in Port Sudan at the time of the attack. The Ministry condemned “all forms of violence and vandalism, especially those that violate the sanctity of diplomatic buildings,” noting the need to respect the rules of international law and relevant international agreements, especially the Vienna Convention.

Source: Jordan News Agency

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Jordan’s envoy in Tunis meets a Jordanian tourist delegation

The Jordanian Ambassador to Tunisia, Maher Tarawneh, Friday met with the Jordanian tourism delegation, which is visiting Tunis at the invitation of the Tunisian National Tourism Office. The visit of the delegation, which included representatives of the Royal Jordanian, tourism and travel agencies, journalists and influencers, was aimed at enhancing tourism cooperation, increasing inter-tourism and promoting tourist and archaeological sites in both countries. Tarawneh discussed the “importance” of developing cooperation mechanisms, urging more bilateral cooperation in tourism due to the diversity they enjoy in tourist, archaeological and natural sites.

Source: Jordan News Agency