Day: February 20, 2023

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ROSEN, A TOP RANKED FIRM, Encourages BioLineRx Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm – BLRX

NEW YORK, Feb. 19, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of BioLineRx Ltd. (NASDAQ: BLRX) between February 23, 2021 and September 19, 2022, both dates inclusive (the “Class Period”), of the important March 6, 2023 lead plaintiff deadline.

SO WHAT: If you purchased BioLine 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 BioLine class action, go to https://rosenlegal.com/submit-form/?case_id=8781 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 March 6, 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that: (1) the Company was not well financed to develop Motixafortide while at the same time advancing other pipeline programs; (2) BioLine would require a loan from Kreos Capital VII Aggregator SCSP in an aggregate principal amount of up to $40 million and then also would require a $15M securities offering to facilitate the commercial launch of Motixafortide; and (3) as a result of the foregoing, 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 truth emerged, the lawsuit claims that investors suffered damages.

To join the BioLine class action, go to https://rosenlegal.com/submit-form/?case_id=8781 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.

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

GlobeNewswire Distribution ID 8751927

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Dabaiba calls for vigilance to confront what he called subversive attempts to overthrow state and its institutions

Tripoli- The head of the Government of National Unity, Abdul Hamid al-Dabiba, hqs said that the development of judicial institutions confirms the restoration of state authority and the development of its regulatory, legal and scientific mechanisms.

In his speech, Monday, at the inauguration of the Higher Institute for the Judiciary, which was renovated after the damage it suffered as a result of previous confrontations and clashes in Tripoli, Dabaiba stressed the commitment of his Government to continue providing all means to raise capabilities, upgrade competencies and legal cadres, and create an advanced scientific environment.

He said that Libya has begun to recover, expressing hope that there will be a strong and impartial judiciary to help the executive authority to establish security, protect the citizens and their property, and protect state institutions.

Dabaiba stressed the importance of building a strong and impartial judiciary at this historical and sensitive stage that Libya is going through, noting that achieving justice requires the courage of the political leadership.

The head of the Government of National Unity stressed that he would not back down for a single moment from cooperating with the judiciary in establishing the values of justice among the people of Libya, regardless of their political affiliations, pointing out in this regard to the presence of many oppressed people in prisons today, which necessitates correcting the situation and releasing all the oppressed.

Dabaiba, called for vigilance to confront what he dubbed as subversive attempts to overthrow the state and its institutions, and the importance of restoring the confidence of society through the continuation of the judiciary’s impartiality, and for it to be the resort for all Libyans and be a formidable fence against all attempts to penetrate and politicize it.

The Minister of Justice, the Attorney General, Vice President of the Supreme Judicial Council, the designated Military Prosecutor General, the President of the Audit Bureau, and a large number of members of the judicial bodies and faculty members of Libyan universities participated in the opening ceremony of the Higher Institute for the Judiciary.

Source: Libyan news Agency

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Al-Menfi meets committee to follow up conditions of political prisoners

Tripoli- Head of the Presidential Council, Mohamed Al-Menfi, met, Monday, in Tripoli, with members of the Committee to Follow up on the Conditions of Political Prisoners.

The media office of the Presidential Council stated that the members of the committee expressed their thanks and appreciation to Al-Menfi for his contribution, his position and his main role in the release of political prisoners against whom rulings of release were issued but not implemented, including the citizen Abdullah Mansour Al-Sulaimani.

Source: Libyan news Agency

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President Ghazali expresses readiness to support work of the African Committee on Libya

Addis Ababa- Member of Presidential Council, Abdullah Al-Lafi,has met with President of the Comoros Islands, President of the African Union, Ghazali Osmani, as part of a series of meetings and consultations he has conducted with heads of state on the sidelines of the African Summit.

Sources of the Presidency Council stated that President Ghazali expressed, during the meeting that took place yesterday, his readiness to support the work of the high-level African committee concerned with Libya, and the efforts of the Presidency Council on the path of reconciliation in order to achieve peace and stability in Libya.

The President of the Republic of the Comoros and the Chairman of the African Union affirmed that the African Union will harness its efforts to serve Libya and its people to ensure the success of the national reconciliation project.

During the meeting Abdullah Al-Lafi, congratulated President Ghazali for assuming the rotating presidency of the African Union, wishing him success in performing his duties.

Source: Libyan news Agency

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South African President reaffirms support for stability of Libya

Addis Ababa- member of the Presidential Council, Abdullah Al-Lafi, has discussed, on the sidelines of the summit held in Addis Ababa, with the South Africa President, Cyril Ramaphosa, bilateral relations between the two countries, and ways of cooperation in a number of files, including the reconciliation track led by the Presidential Council,.

Sources of the Presidential Council stated that Al-Lafi praised during his meeting Sunday with the South African President in Addis Ababa the experience that South Africa has in telling the truth and achieving reconciliation, and the possibility for Libya to benefit from such experiences.

For his part, the South African President reaffirmed his country’s support for everything that helps stabilize Libya and achieve reconciliation in it, and his country’s support for the work of the African High-level Committee on Libya.

Source: Libyan news Agency

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A protest before HCS rejecting amendment to Constitutional Declaration approved by the House of Representatives

Tripoli–A protest was organized, Monday, in front of the High Council of the State in Tripoli, rejecting the recent amendment approved by the House of Representatives for Articles (12) and (13) of the Constitutional Declaration.

The participants in the protest organized by the civil movement to restore legitimacy to the people called on the High Council of the State not to table this amendment for discussion, as it is an attack on the Constitutional Declaration, which is the most important gains of the February Revolution, and an attempt to empty it of its essence, as they put it.

In a statement, the participants held the House of Representatives and the HCS responsible for the dangerous stages, the country has reached and the political impasse that threatens the Libyan state. They stressed that the aim of this amendment is to impede access to elections and a conspiracy to deprive the people, the source of the authorities, from exercising their right to elections and choose their representatives to renew legitimacies.

The statement stressed that the civil movement continues its protest and will continue its peaceful escalation to abort what it described as a conspiracy against the Libyan people to self-determination, and that it is not responsible for the chaos that results from this approach in the country.

Source: Libyan news Agency