ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages NIKE, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NKE

NEW YORK, July 19, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class B common stock of NIKE, Inc. (NYSE: NKE) between March 19, 2021 and March 21, 2024, both dates inclusive (the “Class Period”), of the important August 19, 2024 lead plaintiff deadline.

SO WHAT: If you purchased NIKE Class B 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 NIKE class action, go to https://rosenlegal.com/submit-form/?case_id=26480 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 August 19, 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 throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) NIKE’s direct-to-consumer strategy was unable to generate sustainable revenue growth; (2) NIKE’s purported competitive advantages were unable to protect NIKE from intense competitive pressures after NIKE largely disengaged from many of its wholesale and retail partners to focus on its direct-to-consumer strategy; and (3) as a result, defendants’ representations about NIKE’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the NIKE class action, go to https://rosenlegal.com/submit-form/?case_id=26480   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 9180400

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Maxeon Solar Technologies, Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MAXN

NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) between November 15, 2023 and May 29, 2024, both dates inclusive (the “Class Period”), of the important August 26, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Maxeon 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 Maxeon class action, go to https://rosenlegal.com/submit-form/?case_id=26780 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 August 26, 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) Maxeon relied on the exclusive sales of certain products to SunPower Corp.; (2) following the termination of the Master Supply Agreement, a supply agreement between Maxeon and SunPower, Maxeon was unable to “aggressively ramp sales”; (3) as a result, revenue substantially declined; (4) as a result, Maxeon suffered a “serious cash flow” crisis; and as a result of the foregoing, defendants’ positive statements about Maxeon’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 Maxeon class action, go to https://rosenlegal.com/submit-form/?case_id=26780 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 9180153

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Roblox Corporation to Secure Counsel Before Important Deadline in Securities Class Action – RBLX

NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Roblox Corporation (NYSE: RBLX) between November 15, 2023 and May 8, 2024, both dates inclusive (the “Class Period”), of the important August 12, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Roblox 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 Roblox class action, go to https://rosenlegal.com/submit-form/?case_id=25991 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 August 12, 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, throughout the Class Period, defendants made false and/or misleading statements and/or created the false impression that they possessed reliable information pertaining to Roblox’s projected revenue outlook and anticipated bookings growth, due largely to expansions in Roblox’s available platforms, changes in Roblox’s digital technology (such as avatars), Roblox’s shared economy with content creators, and advertising revenue. In truth, Roblox knew each of those bookings and revenue sources were tenuous at best. In fact, Roblox faced difficulty converting daily average users (“DAUs”) into bookings and eventually blamed the very technology and platform growth it lauded as revolutionary and revenue-generating for this bookings problem. Defendants misled investors by providing the public with a materially flawed outlook for the relationship between DAU, bookings, and technology it lauded during its Investor Day and Earnings Call. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Roblox class action, go to https://rosenlegal.com/submit-form/?case_id=25991 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 9180018

GMAC Board Election Affirms Continuity, Drive toward Business for Good

Global org of leading business schools dedicated to advancing equitable access to education

RESTON, Va., July 17, 2024 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a non-profit association representing over 200 graduate business schools around the globe, today announced the election to her first full term of Itziar de Ros, associate dean of advancement and engagement at IESE Business School, and the re-election of François Ortalo-Magné, dean of London Business School, to another term of four years to its board of directors. In addition, Jay Nibbe, former global vice chair of markets at EY, was re-appointed for a second term. All three started their new term on July 1, 2024.

With the GMAC board’s continuity confirmed by its member schools, it also reiterates its commitment to the organization’s mission to serve prospective candidates with talent and aspirations in business careers and school professionals who are passionate about holistic admission practices to build an inclusive classroom while delivering high quality education and services to their students.

“For seven decades, we have been known for providing business schools with assessment tools that give insight into a prospective student’s readiness for the academic rigor of their programs. Equally important is how we also educate school professionals in the latest marketing and recruiting approaches to deepen the global candidate pipeline, ensure that our conference and event curriculum remains robust and addresses immediate industry needs, and continue to inform schools on what we are learning about the pipeline through our research that takes a deeper dive into special segments and global regions,” said Joy Jones, CEO of GMAC. “Our newly confirmed board, along with our staff across continents, recognizes our long-term investment in both the business schools and the candidates aspiring to enter them. We remain driven toward realizing the vision of a world where every talented person can benefit from the best business education for them, knowing that business school graduates are motivated to take on some of our greatest challenges.”

GMAC programs, products, and services are widely available, and the organization takes additional measures to ensure everyone with aspirations has opportunity. GMAC’s commitment to cultivating an inclusive talent pipeline spans decades. 30 years ago, GMAC co-founded The PhD Project, an organization with an aim to positively impact the diversity of the workforce by changing faculty representation, and for 20 years has supported the Forté Foundation, whose mission is to propel women to successful careers through access to business education and opportunities. Donations to these and other pipeline organizations have surpassed $6 million. Well into its third year, the GMAT Talent and Opportunity Scholarship has benefited dozens of business school aspirants from underrepresented communities in Europe to promote business school inclusivity. GMAC Tours hosts virtual and in-person spotlight events specifically for MBA applicants in the veteran community in partnership with Service to School, a non-profit that provides free graduate school application counseling to military veterans and servicemembers, and for Black, Hispanic, and Native American candidates in partnership with Management Leadership for Tomorrow, a non-profit focusing on building diverse leaders and equitable workspaces. In its desire to positively impact the communities in which it operates, GMAC introduced a service activity as part of the program at last month’s GMAC Annual Conference for all attendees to support students in the local New Orleans area.

“In 2023, GMAC issued a sustainable development statement and one of our aims is to contribute to the growth and equality in the communities that we serve while caring for the environment where we operate. I am impressed by how GMAC has strived to grow along with—and give back to—our business school community, and our society at large, through efforts toward building an inclusive and quality business education ecosystem,” said Themin Suwardy, associate provost of postgraduate professional education at Singapore Management University and chair of the GMAC Board.

GMAC also recognizes and thanks its outgoing board member Yuan Ding, Cathay Capital Chair Professor in Accounting at CEIBS (China Europe International Business School), for his continuous support of GMAC’s mission over the past four years.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC’s platforms, including mba.comGMAC Tours, and BusinessBecause, to learn about MBA and business master’s programs, connect with schools around the world, prepare and register for exams, and get advice on how to successfully achieve their business education and career goals. GMAC is a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
Mobile: 202-390-4180
[email protected]

GlobeNewswire Distribution ID 9178385

Pacific Green Achieves Planning Consent for its Limestone Coast, South Australia, 1.5GWh Battery Energy Parks

Melbourne, July 17, 2024 (GLOBE NEWSWIRE) — Pacific Green, a global battery energy storage company, has achieved planning consent from the South Australian Government for its first two grid-scale battery energy parks in the Limestone Coast region of South Australia.

The Limestone Coast Energy Park assets will consist of a 0.5GW / 1.5 GWh battery energy storage system developed and constructed in two phases over the next 36 months. Once operational they will significantly strengthen the region’s grid stability.

As part of the approval process and to minimise local impacts, Pacific Green engaged with numerous independent specialists to assess a wide range of environmental, technical and heritage aspects as well as undertaking targeted stakeholder and community consultation. Construction of the energy parks will commence towards the end of this year, with the first phase expected to be operational in the second half of 2026.

Pacific Green is committed to working with local suppliers and with a local workforce throughout the construction phase, wherever possible. The company has launched a supplier portal and will host a local supplier networking morning in the coming weeks. Interested parties are encouraged to visit: www.pacificgreen.com/aus/community/supplier for more information.

The Limestone Coast Energy Parks mark the first set of assets of an 8.5GWh development pipeline of battery energy parks Pacific Green is rolling out throughout Australia. Leveraging its significant experience building out battery energy parks in the UK and Europe, the company is aiming to be one of Australia’s leading developers, and to help accelerate the country’s transition to renewables by building a multi-gigawatt platform nationwide.

Tom Koutsantonis, Minister for Energy and Mining, Government of South Australia commented: “It’s encouraging to see more private sector investment in energy storage. An increase in storage will provide greater capacity at peak times, extending the availability of electricity generated by cheap renewables. It’s also particularly pleasing that Pacific Green has chosen the South East of South Australia for its project – greater diversity of storage locations will strengthen our security of supply and reliability.”

Joel Alexander, Managing Director & CEO, Pacific Green Australia commented: “This is a major milestone for the Limestone Coast Energy Park assets, and we are pleased that the South Australian Government has recognised the rigorous assessment and community consultation work we have undertaken to date. We look forward to re-engaging with the local community to maximise the tangible economic benefits of the Limestone Coast Energy Parks and to ensure funding and local contracting opportunities are open to all relevant groups. This is a positive and exciting start to an exceptional pipeline of Australian projects to come.”

Scott Poulter, Chairman & Group CEO, Pacific Green commented: “We are very pleased to begin our first development at Limestone Coast in South Australia. With so much local and Government support, this milestone announcement will be one of many to come over the next years as we build out our 8.5GWh pipeline, across Australia.”

Poulter added: “Australia is witnessing one of the world’s fastest growth renewable energy markets, so it is critical that battery energy storage grows at the same pace to support the grid network’s expansion of renewable generation.”

About Pacific Green:

Pacific Green is a global leader in grid-scale battery development, currently operating and developing a portfolio of projects across the world. The company has established a strong presence in Australia with battery storage projects in development in South Australia and Victoria.

Pacific Green is dedicated to creating a cleaner environment for our communities. We do this by delivering innovative energy storage solutions that enable Australia’s net-zero transition. We also partner with communities where we deliver projects to develop wider social value beyond our core business.

For more information, visit Pacific Green’s website: www.pacificgreen.com/aus/

Georgia Bollard - Public Relations, Marketing and Engagement Manager, Pacific Green (Australia)
T: +61 450 454 434
E: [email protected] 

GlobeNewswire Distribution ID 9178740

Andan Foundation Announces Award for Innovation in Refugee Inclusion in Collaboration with the Massachusetts Institute of Technology’s MIT Solve

ZURICH, Switzerland, July 16, 2024 (GLOBE NEWSWIRE) — The Swiss-based humanitarian non-profit organisation, Andan Foundation, in collaboration with MIT Solve of the Massachusetts Institute of Technology (MIT), is delighted to announce this year’s Andan Prize for Innovation in Refugee Inclusion, which seeks to promote solutions that advance the economic, financial, and political inclusion of refugees within their hosting communities.

The USD 50,000 Andan Prize for Innovation in Refugee Inclusion is awarded every year to the most promising solutions that address the needs and challenges of refugees and is aimed at supporting innovative approaches that foster integration, empowerment, and sustainable development for displaced populations.

MIT Solve launches open calls for exceptional and diverse solutions to the most pressing global challenges, from anyone, anywhere in the world. Selected innovators get the backing of MIT and their community of supporters to scale impact and drive lasting change.

Joint initiatives to foster innovation solutions

The Andan Foundation is looking for solutions that focus on:

  • Economic Inclusion and Livelihoods: Developing technologies and business models that create sustainable economic opportunities for refugees and displaced populations.
  • Financial Inclusion: Seeking solutions to expand affordable financial services for underserved communities and enhance economic growth.
  • Political Inclusion: Seeking solutions to empower marginalized communities by addressing voter suppression and lack of representation.

Prize winners will be announced at the Solve Challenge Finals on 23 September 2024 during the UN General Assembly Week in New York City.

Notes to Editors

About The Andan Foundation

The Andan Foundation is a non-profit humanitarian organization based in Switzerland founded by Dr. Christian Kaelin. It is regulated by the Swiss Federal Authority for the Supervision of Foundations and audited annually by BDO.

Andan leads private sector initiatives to support families fleeing their homes due to war, internal conflict, and climate change. It identifies and develops innovative, sustainable solutions promoting refugees’ self-reliance, boosting their resilience, and fostering their inclusion in their new countries. Andan prioritizes projects that expand economic, financial, and political opportunities for both refugee populations and the communities that welcome them. Andan facilitates and propels partnerships between the private sector and UN agencies, governments, NGOs, and academic institutions concerned with refugees and migrants.

Andan.org

About MIT Solve

MIT Solve is an initiative by the Massachusetts Institute of Technology (MIT) designed to address global challenges through innovation and entrepreneurship. Launched in 2015, MIT Solve runs annual challenges that attract diverse, tech-driven solutions from around the world. The initiative focuses on pressing issues such as sustainability, education, health, and economic prosperity. Through its inclusive approach, MIT Solve empowers social entrepreneurs with funding, mentorship, and connections to influential partners. This distinctive model nurtures scalable solutions, enabling transformative ideas to generate tangible impacts for underserved communities globally.

solve.mit.edu

Media Contact

For further information, please contact:

Bushra Zaidan

[email protected]

GlobeNewswire Distribution ID 1000971795