Tag: MENA

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ROSEN, A RANKED AND LEADING FIRM, Encourages GigaCloud Technology Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – GCT

NEW YORK, Oct. 06, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of GigaCloud Technology Inc. (NASDAQ: GCT): (i) Class A ordinary shares pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s August 2022 initial public offering (“IPO” or the “Offering”); and/or (ii) securities between August 18, 2022 and September 27, 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 December 4, 2023.

SO WHAT: If you purchased GigaCloud 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 GigaCloud class action, go to https://rosenlegal.com/submit-form/?case_id=19098 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 December 4, 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 made materially false and/or misleading statements, as well as failed to disclose material adverse facts about GigaCloud’s business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) GigaCloud’s business is a fraction of what it publicly claims, as evidenced by staffing and activity levels at its warehouses; (2) GigaCloud overstated its last-mile operations; (3) GigaCloud engaged in undisclosed related party transactions; (4) that, as a result, GigaCloud’s financial results were overstated; and (5) as a result of the foregoing, GigaCloud’s positive statements about GigaCloud’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 GigaCloud class action, go to https://rosenlegal.com/submit-form/?case_id=19098 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.

——————————–

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

GlobeNewswire Distribution ID 8945174

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CMA DEADLINE ALERT: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Comerica Incorporated Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – CMA

NEW YORK, Oct. 06, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Comerica Incorporated (NYSE: CMA) between February 9, 2021 and May 29, 2023, both dates inclusive (the “Class Period”), of the important October 20, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Comerica 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 Comerica class action, go to https://rosenlegal.com/submit-form/?case_id=16714 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 October 20, 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: 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) Comerica failed to provide meaningful oversight over the vendors to whom it contracted out day-to-day operations of the Direct Express program, a system through which it is contracted to provide federal benefits to millions of Americans without bank accounts; (2) as a result of violations in the day-to-day operations of Direct Express, including handling fraud disputes and allowing sensitive data to be handled out of a vendor’s office in Pakistan, Comerica was not in compliance with the Federal contract, and knew it was not in compliance; (3) Comerica knew and failed to disclose that it was in potential violation of Regulation E due to inadequate fraud prevention in the Direct Express program and responses to instances of fraud; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Comerica class action, go to https://rosenlegal.com/submit-form/?case_id=16714   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 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
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8945162

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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages AeroVironment, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – AVAV

NEW YORK, Oct. 06, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of AeroVironment, Inc. (NASDAQ: AVAV) between June 29, 2021 and December 7, 2021, both dates inclusive (the “Class Period”), of the important October 30, 2023 lead plaintiff deadline.

SO WHAT: If you purchased AeroVironment 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 AeroVironment class action, go to https://rosenlegal.com/submit-form/?case_id=18820 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 October 30, 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: According to the lawsuit, the defendants made false and/or materially misleading statements by creating the false impression that they possessed reliable information pertaining to the Company’s projected growth and record backlog and also minimized any risk from COVID-19 (coronavirus), specifically explaining they were monitoring supply chain issues and affirmed their record backlog would provide a basis for strong growth. However, according to the lawsuit, AeroVironment had been experiencing a decline in sales in all of their core businesses. According to the lawsuit, defendants misled investors by providing the public with materially flawed revenue guidance for fiscal 2022. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the AeroVironment class action, go to https://rosenlegal.com/submit-form/?case_id=18820 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.

——————————–

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

GlobeNewswire Distribution ID 8945159

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Pacific Green Enters Agreement to Secure Sites to Develop 1.0 GW / 2.5GWh of Battery Energy Parks in Victoria, Australia

Dover, DE, Oct. 06, 2023 (GLOBE NEWSWIRE) —  / Pacific Green Technologies, Inc.  (“Pacific Green”), (OTCQB: PGTK) announces that Pacific Green Technologies (Australia) Pty Ltd., a wholly-owned subsidiary of Pacific Green, has entered into an exclusivity agreement to secure strategic land sites in Portland, Victoria to develop 1.0 GW / 2.5 GWh of battery energy parks (the “Project”).

Following Pacific Green’s successful development and sale of its 99.98 MW / 99.98 MWh Richborough Energy Park in the United Kingdom for £74m (US$93m), this strategic entry into the Australian battery energy storage market is a significant expansion for Pacific Green’s Energy Parks division.

The Project will commence construction in 2024, with the energy park anticipated to be operational in 2026.

Joel Alexander, Pacific Green’s Managing Director, Australia, commented: “Since launching Pacific Green’s Australian office in Melbourne last year, we have initially focused on building an experienced management team to create our platform. By acquiring this site and project rights, we have now positioned Pacific Green to become one of the largest battery park developers in the Southern Hemisphere.”

Scott Poulter, Pacific Green’s CEO, added: “Building upon our successes with the sale of Pacific Green’s UK-based 99.98 MW / 99.98 MWh Richborough Energy Park and the continued development of 249 MW / 375 MWh Sheaf Energy Park, this milestone is a huge step in the continuing growth of Pacific Green Battery Energy Parks internationally.”

About Pacific Green Technologies, Inc.:

Pacific Green is focused on addressing the world’s need for cleaner and more sustainable energy. Pacific Green offers Battery Energy Storage Systems and Concentrated Solar Power to complement its environmental technologies division. Pacific Green has offices in the USA, United Kingdom, Australia, Saudi Arabia and China.

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

Notice Regarding Forward-Looking Statements:

This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the continued development of the Project, any potential business developments and future interest in Pacific Green’s battery, solar and environmental technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the continuation of the development of the Project, general economic and political conditions, and the ongoing impact of the COVID-19 pandemic. These forward-looking statements are made as of the date of this news release, and Pacific Green assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Pacific Green believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in Pacific Green’s annual report on Form 10-K for the most recent fiscal year, Pacific Green’s quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Scott Poulter, Chairman & CEO
Pacific Green Technologies, Inc.
T: +1 (302) 601-4659

Joel Alexander, Managing Director
Pacific Green Technologies (Australia) Pty Ltd.
T: +61 497 335 833

GlobeNewswire Distribution ID 8944939

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Halo Investing Appoints Hashbeer Ali as Executive Vice President – Institutional Sales, Middle East & Africa

Hashbeer Ali, Executive Vice President – Institutional Sales, Middle East & Africa

Halo Investing Appoints Hashbeer Ali as Executive Vice President – Institutional Sales, Middle East & Africa

CHICAGO, Oct. 05, 2023 (GLOBE NEWSWIRE) — Halo Investing (“Halo”), an award-winning platform for Protective Investments™, is delighted to announce the appointment of Hashbeer Ali as Executive Vice President – Institutional Sales for the Middle East & Africa at Halo Investing MEA Ltd., a regulated entity by ADGM’s Financial Services Regulatory Authority. With a career spanning more than two decades in banking and derivatives sales, Hashbeer brings a wealth of experience and expertise to the Halo team.

Mr. Ali’s extensive career in the financial industry has been marked by a commitment to excellence and a deep understanding of derivatives markets. His background includes notable engagements with local banks, where he played a pivotal role in shaping and executing derivative strategies. His proven track record of delivering exceptional results and building strong client relationships aligns seamlessly with Halo Investing’s mission to grow access to innovative investment solutions.

“We are thrilled to welcome Hashbeer Ali to the Halo family,” said Sadiq Hussain, Senior Executive Officer. “His impressive background and industry knowledge will be instrumental in advancing our institutional sales efforts and driving our mission to revolutionize the way structured investment products are accessed and managed.”

Hashbeer Ali’s appointment reinforces Halo Investing’s commitment to building a team of industry leaders dedicated to delivering cutting-edge investment solutions to clients throughout the Middle East and Africa. His role as Executive Vice President – Institutional Sales will encompass developing and executing strategic sales initiatives while strengthening Halo’s presence in the institutional marketplace.

“I am excited to join Halo Investing, a company that is at the forefront of innovation in the structured investment space,” Hashbeer Ali commented. “I look forward to leveraging my experience to contribute to Halo’s continued growth and success.”

Hashbeer Ali’s addition to the Halo team is a significant milestone, marking the company’s ongoing expansion and dedication to providing institutional clients with access to innovative and tailored investment solutions.

For media inquiries, please contact:

Halo Investing
Vladislav Moldavskiy
vlad.moldavskiy@haloinvesting.com

About Halo Investing

Halo Investing MEA Ltd. (“Halo MEA”) is licensed and regulated by Abu Dhabi Global Market (“ADGM”)’s Financial Services Regulatory Authority (“FSRA”). Halo MEA is a wholly owned subsidiary of Halo Investing, Inc. and authorized to provide financial services to professional clients and market counterparties only. Halo MEA acts solely as a distributor/selling agent and is not the issuer or guarantor of any structured product. For more information, please visit: http://www.haloinvesting.ae.

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/8c4652d5-bdee-478f-aa1a-ba37dd83f351

GlobeNewswire Distribution ID 8944629

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Nikkiso Expands Operations in the U.S. to Support Its Growing Hydrogen Business

TEMECULA, Calif., Oct. 05, 2023 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group (Group), part of Nikkiso Co., Ltd., announced today that it has acquired full ownership of its facility in Murrieta, Calif., and 16.4 acres of land to expand its manufacturing and testing operations.

Currently the Group builds and tests cryogenic vaporizers, heat exchangers, process skids, air separation units, and liquefaction products — the expansion will add four hydrogen testing stations on site to support the Group’s growing hydrogen business.

“The hydrogen economy is accelerating as the energy transition progresses, and Nikkiso has a large role to play,” said Peter Wagner, CEO, Nikkiso Clean Energy & Industrial Gases. “This facility expansion allows us to scale operations and better support global demand for our state-of-the-art cryogenic products and technologies.”

Construction will begin in the first half of 2024.

About Nikkiso Clean Energy & Industrial Gases
Nikkiso Clean Energy & Industrial Gases Group is part of the Industrial Division of Nikkiso Co., Ltd. in Japan. The Group is headquartered in Southern California with facilities, offices, and service centers around the world to manufacture and service engineered cryogenic gas processing equipment (pumps, turboexpanders, heat exchangers, etc.), and process plants for industrial gases, natural gas liquefaction (LNG), hydrogen liquefaction, ammonia, and carbon capture and liquefaction.

Media contact
Lisa Adams
+1 405 492 1689

GlobeNewswire Distribution ID 8944570

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Duck Creek Technologies Earns Top 50 Solution Provider Status and Top 100 Fast Track FinTech in IDC’s 2023 FinTech Rankings

Recognition comes alongside ecosystem partners and global technology leaders who support global insurance businesses

BOSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announces its recognition as a 2023 IDC FinTech Rankings Top 50 solution provider and a Top 100 Fast Track FinTech. This is the second year in a row Duck Creek has been named on the prestigious list with other global technology leaders, demonstrating its noticeable, continued growth and strong market traction.

The IDC FinTech Rankings select the global technology leaders based on prior calendar year revenue results. Those included in this year’s rankings are critical to the modernization and digital transformation of the financial services industry, and Duck Creek is proud to be named along with ecosystem partners, such as Accenture, Capgemini, Cognizant, CoreLogic, DocuSign, Eviden, Experian, EY, Hexaware, HCLTech, IBM, LTIMindtree, Microsoft, NTT DATA, Smart Communications, TransUnion and Wipro. Duck Creek achieved year-over-year growth by focusing on customer success and its partner ecosystem approach, affirming that it “takes a village” to support the most sophisticated insurers worldwide with market-leading technology solutions.

“The deep trust from our global customers and partners paired with our world-class technology and our award-winning culture has enabled Duck Creek to achieve historical growth while adapting to a dynamic macro climate and evolving insurance industry trends,” said Rohit Bedi, Chief Revenue Officer, Duck Creek Technologies. “Our inclusion on the 2023 IDC FinTech Rankings reinforces our passion for enabling the success of our customers and the differentiated value we bring to the insurance industry as a globally trusted modern P&C SaaS brand.”

“IDC has been producing the IDC FinTech Rankings for twenty years and has expanded the program to now include the top 150 solutions providers to ensure we get the most accurate representation of the largest FinTech’s in the world,” said Marc DeCastro, research director at IDC. “The technology companies on this list provide the innovation necessary to keep the financial services at the forefront of providing modern digital experiences across all aspects of a customer’s financial journey.”

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Media Contacts:
Carley Bunch
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 8944045