Day: April 12, 2024

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ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages iRobot Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – IRBT

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of iRobot Corporation (NASDAQ: IRBT) between August 5, 2022 and January 26, 2024, both dates inclusive (the “Class Period”), of the important May 7, 2024 lead plaintiff deadline.

SO WHAT: If you purchased iRobot 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 iRobot class action, go to https://rosenlegal.com/submit-form/?case_id=23275 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [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 7, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) the Merger, Amazon.com, Inc.’s (“Amazon”) acquiring of iRobot, would place Amazon in a sufficiently dominant position in the market for robot vacuum cleaners (“RVCs”) that U.S. and European antitrust regulators were unlikely to approve the Merger; (2) iRobot had conducted inadequate due diligence into the Merger and/or ignored significant risks weighing against the likelihood of regulatory approval; (3) as a result of all the foregoing, iRobot overstated the likelihood for successfully completing the Merger; and (4) as a result, iRobot’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 iRobot class action, go to https://rosenlegal.com/submit-form/?case_id=23275 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [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.

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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
[email protected]
www.rosenlegal.com

GlobeNewswire Distribution ID 9088521

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ROSEN, A LEADING LAW FIRM, Encourages Innoviz Technologies Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action – INVZ, INVZW

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Innoviz Technologies Ltd. (NASDAQ: INVZ, INVZW) between April 21, 2021 and February 28, 2023, both dates inclusive (the “Class Period”), of the important May 14, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Innoviz 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 Innoviz class action, go to https://rosenlegal.com/submit-form/?case_id=23435 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [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 14, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Innoviz had overstated the benefits that Innoviz was likely to derive from its purported contracts, partnerships, and/or collaborations with automotive companies; (2) as a result, Innoviz was unlikely to achieve the level of profitability that defendants had represented to investors; (3) accordingly, Innoviz had overstated its business and/or financial prospects; and (4) as a result, Innoviz’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 Innoviz class action, go to https://rosenlegal.com/submit-form/?case_id=23435 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [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]
www.rosenlegal.com

GlobeNewswire Distribution ID 9088563

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ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages bluebird bio Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – BLUE

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of bluebird bio, Inc. (NASDAQ: BLUE) between April 24, 2023 and December 8, 2023, both dates inclusive (the “Class Period”), of the important May 28, 2024 lead plaintiff deadline.

SO WHAT: If you purchased bluebird 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 bluebird class action, go to https://rosenlegal.com/submit-form/?case_id=23717 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [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 28, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements. Specifically, defendants created the false impression that: (1) bluebird could obtain Federal Drug Administration (“FDA”) approval for lovo-cel, gene therapy for sickle cell patients, without any black box warnings for haematological malignancies; (2) bluebird would be granted a priority review voucher by the FDA and in turn sell it in order to strengthen bluebird’s financial position for the lovo-cel launch; (3) as a result, bluebird had significantly overstated Lyfgenia’s clinical and/or commercial prospects; and (4) therefore, bluebird’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 bluebird class action, go to https://rosenlegal.com/submit-form/?case_id=23717 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [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]
www.rosenlegal.com

GlobeNewswire Distribution ID 9088511

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ADSK LOSS ALERT: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Autodesk, Inc. Investors to Inquire About Securities Class Action Investigation – ADSK

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Autodesk, Inc. (NASDAQ: ADSK) resulting from allegations that Autodesk may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Autodesk 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=24019 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On April 1, 2024, after the market closed, Autodesk filed with the SEC a late filing notice on Form NT 10-K. The late filing notice stated Autodesk was unable to file its 10-K for the fiscal year ending January 31, 2024 within the prescribed time period.

Further, Autodesk announced “[a]fter the Company’s earnings release on February 29, 2024, information was brought to the attention of management, which promptly informed the Audit Committee (the “Committee”) of the Board of Directors of the Company, that caused the Committee to commence an internal investigation with the assistance of outside counsel and advisors, regarding the Company’s free cash flow and non-GAAP operating margin practices. The Committee is comprised entirely of outside “independent directors” as defined by the Nasdaq Stock Market listing standards. The investigation is ongoing and all parties are working diligently to complete the investigation. The Company has voluntarily contacted the [SEC] to advise it that an internal investigation is ongoing, and the Committee intends to provide additional information to the Commission as the investigation proceeds. The Company needs further time to assist the Committee in its investigation and to review its practices in this regard.”

On this news, Autodesk’s stock fell $10.73 per share, or 4.1%, to close at $248.71 per share on April 2, 2024.

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. 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.

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]
www.rosenlegal.com

GlobeNewswire Distribution ID 9088513

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Six Nigerien soldiers killed in landmine blast


NIAMEY: A bomb blast has killed six Nigerien soldiers near the border with Mali, Niger’s army said Thursday, adding around 10 terrorists were later killed in air strikes.

An army patrol vehicle early this week hit a home-made landmine near the southwestern village of Tingara, the Nigerien Defence Ministry said in a bulletin.

Other soldiers were also wounded and taken to hospital, it added.

Source: Emirates News Agency

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UAE Press: Interest in space is booming, and may bring humanity closer together


ABU DHABI: A local newspaper said that the first total solar eclipse humans ever recorded was seen in the sky above modern-day Latakia, Syria, more than three millennia ago. ‘The Sun was put to shame,’ a historian back then wrote, as the Moon obscured it entirely for two minutes and seven seconds, turning day into night.

‘This week began with enormous anticipation for another rendition of this unique celestial event. This time, it was seen over a large strip of North America and recorded by millions of people, generating an uncommon frenzy of popular interest in lunar movements. And it makes some sense, for those who take a long astronomical view of life, to cherish solar eclipses,’ The National said in an editorial on Friday.

The editorial added, ‘The Moon’s distance from the Earth – and, by extension, its ability to block the Sun from our view – recedes by nearly 4cm a year. Consequently, astronomers note, in 600 million years or so, there will be no more such eclipses at all. Even for the more short-sigh
ted among us, however, there is plenty of reason in the here and now to get excited about our relationship with space.’

April 12, 1961, was the date of the first human space flight, and 63 years later humanity’s extra-planetary activity is booming. Only ten astronauts are in orbit right now, aboard two space stations – the International Space Station (ISS) and China’s Tiangong Space Station – but their minimal footprint belies a surge in space-related investment from governments and the private sector alike.

A report released on Monday by the World Economic Forum estimates that a decade from now the global space economy will be worth nearly $1.8 trillion, up from $1.1 trillion today.

The boom will be attributed to growing investment in everything from satellite communications to logistics, tourism, defence technology and civil space programmes. The Gulf’s own burgeoning space sector, with the help of international partnerships, is an active participant.

On Tuesday, the UK Space Agency gave £1.4 million ($
1.8 million) to a joint project between its Bahraini counterpart and a British university aimed at using spacecraft to monitor carbon emissions in the Gulf. And on Thursday, a Spanish firm announced it is in talks with local regulators to set up a space tourism base in Saudi Arabia.

These developments follow a major announcement earlier this year that the UAE’s Mohammed bin Rashid Space Centre signed onto the Nasa-led Artemis programme, expected to be the first to return humans to the Moon in more than half a century. The UAE will provide an air lock for the mission’s Lunar Gateway station, the first permanent space station outside the Earth’s orbit.

The Abu Dhabi-based daily concluded by saying that amid global conflicts, the World Economic Forum report highlights “an increasingly connected world” as a key factor driving the space industry, emphasising the need for continued international cooperation exemplified by the Middle East’s space milestones to avoid repeating terrestrial mistakes, while applying l
essons from space successes to address earthly challenges and promote unity.

Source: Emirates News Agency

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ADAFSA advises farmers, livestock breeders on precautions to take during unstable weather


ABU DHABI: In response to the recent fluctuations in weather conditions, the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has issued a set of guidelines for farmers and livestock breeders to ensure the safety of their crops, livestock, and workers.

ADAFSA called for ensuring proper drainage, including clearing water drainage channels to prevent flooding and water damage to crops. Following are the key points highlighted by ADAFSA in its media statement today:

-Protect Electrical Installations: Have electrical systems inspected by a qualified technician to prevent electrical hazards.

-Shelter Livestock: Keep animals in their barns during storms and provide adequate water and feed.

-Protect Feed Stocks: Store feed in tightly sealed containers and cover them to prevent moisture damage.

-Secure Movable Equipment: Secure tools and equipment to prevent them from being blown away by strong winds.

-Inspect Trees: Check for broken branches in trees and remove them to prevent damage to the farm.

-Ven
tilate Greenhouses: Operate fans and cooling systems in greenhouses to reduce humidity and prevent dust build-up.

-Ensure Structural Integrity: Inspect greenhouses for any damage to the metal frame or plastic covering.

-Protect Electrical Systems: Ensure proper functioning of electrical systems and have a backup generator ready.

-Monitor Drainage: Clear drainage channels around greenhouses to prevent waterlogging.

-Suspend Agricultural Activities: Avoid agricultural work inside greenhouses during storms for worker safety.

-Apply Preventive Fungicides: Spray crops with fungicides after rainfall to prevent fungal diseases.

-Seek Expert Assistance: Contact ADAFSA’s agricultural guidance centres or veterinary clinics for expert support.

By following these guidelines, farmers and livestock breeders can minimise the risks associated with severe weather and protect their livelihoods.

The authority encouraged farmers and livestock breeders to seek expert assistance if needed, noting that it utilises social me
dia platforms to disseminate timely and relevant information to the agricultural community.

Source: Emirates News Agency

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China to strengthen capital market regulation, risk prevention


BEIJIING: China’s State Council released a guideline on strengthening regulation on Friday, forestalling risks and promoting the high-quality development of the capital market.

Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), said in an interview with China Central Television that the newly issued guideline on the capital market is significant as they mark the State Council’s another document steering the sector following the guidelines issued in 2004 and 2014.

“The new guideline first fully embodies the political and people-oriented nature of the capital market. It emphasises the necessity to uphold and strengthen the Party’s comprehensive leadership over the capital market, adhere to the people-centered value orientation, and more effectively protect the legitimate rights and interests of investors, especially medium and small investors. Second, it fully embodies the main line of strong supervision, risk prevention, and promotion of high-quality development. It stresses the adherenc
e to the keynote of stability, strengthening the fundamentals and foundation, rigorous supervision and management, and better services to the overall situation of high-quality economic and social development with high-quality development of the capital market itself,” said Wu.

Wu said that the newly introduced guideline is not evasive from sensitive topics, demonstrating a strong focus on goals and problem-solving.

“Particularly in view of outstanding problems in institutional mechanisms, supervision and law enforcement exposed in the stock market fluctuations since last August, we have shored up weaknesses and shortcomings timely, responded to investors’ concerns, promoted the settlement of deep-seated contradictions accumulated in the market over a long time, and accelerated the construction of a secure, regulated, transparent, open, dynamic and resilient capital market,” said Wu.

Source: Emirates News Agency