ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Freshworks Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FRSH

NEW YORK, Dec. 13, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Freshworks Inc. (NASDAQ: FRSH) pursuant and/or traceable to the Company’s initial public offering conducted in September 2021 (the “IPO”), of the important January 3, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Freshworks securities 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 Freshworks class action, go to https://rosenlegal.com/submit-form/?case_id=9546 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 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, the registration statement and prospectus used to effectuate Freshworks’ IPO were false and misleading and omitted to state that, at the time of the offering, the Company’s business had encountered obstacles. As a result, Freshworks’ net dollar retention rate was plateauing, and its revenue growth rate and billings were decelerating. As the truth about Freshworks’ business reached the market, the value of its shares declined dramatically, causing Freshworks investors to suffer significant damages. Indeed, by the commencement of the action, Freshworks’ shares traded as low as $10.51 per share, representing a decline of over 70% from the IPO price.

To join the Freshworks class action, go to https://rosenlegal.com/submit-form/?case_id=9546 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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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
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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Govt highlights Pakistan’s case regarding climate change impacts at Int’l level: NA told

ISLAMABAD: The National Assembly was informed on Tuesday that damage assessment survey has been carried out in the flood-affected areas in an impartial manner with the involvement of all stakeholders.

Minister for Parliamentary Affairs Murtaza Javed Abbasi while responding to a calling attention notice said the National Disaster Management Authority (NDMA) assisted the provincial disaster management authorities in this process. He said the government has effectively highlighted Pakistan’s case regarding climate change impacts at the international level. Minister for Economic Affairs Sardar Ayaz Sadiq said that international partners including the World Bank were also involved in the survey of flood-affected areas.

He rejected the impression that the federal government is responsible for the lapse of Asian Development Bank’s loan of two hundred million dollars for Greater Thal Canal project. He said this soft loan can still be secured if Punjab and Sindh develop consensus on this important project. He said we are ready to facilitate this process.

Responding to a calling attention notice, Parliamentary Secretary for Petroleum Hamid Hameed said efforts are afoot to check gas load-shedding in the country. He said a gas load management plan is being implemented at present to ensure that the gas is available to the domestic consumers during cooking times. Alluding to the depletion of gas reserves, he said work is continuing to explore new oil and gas reserves.

The National Assembly on Tuesday also passed a resolution extending the Tax Laws Second Amendment Ordinance 2022 for a further period of one hundred and twenty days. At the outset, the House offered fateha for the departed soul of former MNA Saeed Iqbal. The House has now been prorogued.

Tajik President arrives tomorrow

ISLAMABAD: Tajikistan President Emomali Rahmon is arriving on a two-day official visit to Pakistan tomorrow (Wednesday).

During the visit, the two sides will exchange views on further strengthening bilateral cooperation in a wide range of areas. A number of bilateral agreements and MoUs are expected to be signed. The Tajik President’s visit to Pakistan is expected to impart a renewed impetus to deepening cooperation between the two countries in diverse fields and further strengthen the growing geo-economic partnership.

In a statement, Foreign Office spokesperson Mumtaz Zahra Baloch said that Pakistan and Tajikistan are brotherly countries linked through longstanding historical, cultural and religious bonds. She said these ties are marked by mutual respect and exceptional cordiality. The two countries have commonality of views on various regional and international issues.

PM congratulates Prince Karim Aga Khan IV on his birthday

ISLAMABAD: Prime Minister Shehbaz Sharif has congratulated Prince Karim Aga Khan IV on his birthday.

In a tweet on Tuesday, he said we acknowledge, appreciate and remain grateful for his wonderful contributions to the cause of education and socio-economic development in Pakistan and around the world.

IHC grants 14-day protective bail to PM’s son Suleman Shehbaz

ISLAMABAD: The Islamabad High Court (IHC) on Tuesday granted 14-day protective bail to Suleman Shehbaz, son of Prime Minister Shehbaz Sharif, who recently returned to Pakistan after over four years of self-exile in UK.

He was granted 14-day protective bail in two separate cases of money laundering and accumulating assets beyond known sources of income. He was declared proclaimed offender in both the cases. The court directed Suleman Shehbaz to appear within 14-days before the relevant court hearing the money laundering case as well as NAB reference regarding assets-beyond-means cases against him. During the hearing of both the cases, Suleman Shehbaz appeared before the court alongside his lawyer Amjad Pervez.

To a query by the IHC Chief Justice, Suleman Shehbaz’s lawyer Amjad Pervez, stated that his client has to appear before the court of special judge central, Lahore, which is hearing a Rs16-billion money laundering case against him. Besides, another reference regarding assets-beyond-means was pending before the National Accountability Bureau (NAB).

Suleman Shehbaz, in his petition, before the IHC, contended that he left Pakistan in 2018 and the money laundering case was registered against him in 2020. He also contended that the Federal Investigation Agency (FIA) had not issued a call-up notice to him, and got him declared a proclaimed offender without any action.

On last hearing, the IHC had directed Suleman Shehbaz to surrender before it by December 13 and barred authorities from arresting him till then. Suleman Shehbaz is an accused in a money laundering case registered with the FIA, while the National Accountability Bureau (NAB) has nominated him in an assets-beyond-means reference.

Later, talking to media persons at the IHC, Suleman Shehbaz said former Prime Minister Imran Khan had attempted to exert pressure on then FIA Director General Bashir Memon to target his political rivals. He said National Crime Agency of UK had also acquitted him and his father in a case related to suspicious bank transactions. He said it was a ‘slap on the face’ of Imran Khan.

Pakistan, Kazakhstan to further improve economic ties: President

ISLAMABAD: President Dr Arif Alvi has said there is a great potential of diversifying trade relations and entering into joint ventures in the areas of agriculture, IT, textile, energy, logistics, housing and construction between Pakistan and Kazakhstan.

Talking to Chairman of Lower House of the Kazakh Parliament Koshanov Yerlan Zhakanovich here in Islamabad on Tuesday, he said the existing trade level of 219.12 million dollars needed to be substantially increased keeping in view the immense potential that existed between the two countries by building new and improving existing linkages through roads and railway networks.

He said trade by Kazakhstan and other Central Asian Republics through Karachi and Gwadar is an important element of the Vision Central Asia Policy. The President said the international community should take a strong exception to the atrocities being perpetually committed by the Indian Security Forces against innocent Kashmiris who are demanding their legitimate right to self-determination as promised to them by various UNSC resolutions.

Imran to announce date of dissolving assemblies at Lahore’s Liberty Chowk

LAHORE: The Pakistan Tehreek-e-Insaf (PTI) has decided to announce the final date of dissolving the assemblies during a public meeting at Liberty Chowk, Lahore on Tuesday.

Imran Khan, Chairman, Pakistan Tehreek-e-Insaf (PTI), will announce the final date of dissolving the assemblies during a party’s rally at Liberty Chowk.

It is to be noted here that the PTI chairman had announced dissolving the assemblies of Punjab and Khyber Pakhtunkhwa (KP), apparently for exerting pressure on the federal government to announce general elections. The Election Commission of Pakistan (ECP), however, had announced holding by-elections in the provinces if the assemblies are dissolved.