Day: May 21, 2023

Posted on

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Texas Capital Bancshares, Inc. Investors to Inquire About Securities Class Action Investigation – TCBI

NEW YORK, May 20, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Texas Capital Bancshares, Inc. (NASDAQ: TCBI) resulting from allegations that Texas Capital may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Texas Capital 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=2747 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.

WHAT IS THIS ABOUT: On March, 29, 2021, shares of Texas Capital stock dropped 13% on unusually heavy trading volume as prime brokers associated with now-defunct family office, Archegos Capital Management, unwound large U.S. stock positions linked to the fund.

A Bloomberg article published on November 16, 2021 detailed how Archegos built up a previously undisclosed position equal to 20% of Texas Capital prior to the margin calls that forced Archegos’ liquidation. According to the article, Texas Capital was aware of the large position held by Archegos while it raised additional capital from investors in February 2021.

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

GlobeNewswire Distribution ID 8843405

Posted on

ROSEN, LEADING INVESTOR COUNSEL, Encourages Cavco Industries, Inc. Investors to Inquire About Securities Class Action Investigation – CVCO

NEW YORK, May 20, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Cavco Industries, Inc. (NASDAQ: CVCO) resulting from allegations that Cavco may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Cavco 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=7555 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.

WHAT IS THIS ABOUT: On November 8, 2018, Cavco revealed in an SEC filing that it had “received a subpoena from the SEC’s Division of Enforcement requesting certain documents relating to, among other items, trading in the stock of another public company.” On this news, Cavco share price fell $49.48 per share, or over 23%, to close at $165.20 per share on November 9, 2018.

On February 4, 2019, Cavco revealed that it had received requests for additional documents. Cavco further disclosed that it spent, and expected to spend, millions of dollars on legal and insurance expenses in relation to the SEC’s subpoenas and Cavco’s independent investigation into the matter. On this news, Cavco’s share price fell $26.92 per share, or about 16.7%, to close at $134.37 per share on February 5, 2019.

On September 2, 2021, the SEC filed a complaint against Cavco, former CEO Joseph Stegmayer, and former CFO and Chief Compliance Officer Daniel Urness. The SEC complaint alleged that Stegmayer and Urness caused Cavco to purchase shares of publicly traded companies on material non-public information. On this news, Cavco’s share price fell $6.59 per share, or about 2.5%, to close at $252.48 per share on September 3, 2021.

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

GlobeNewswire Distribution ID 8843404

Posted on

Foreign Minister presents Prince Salman bin Hamad Medal of Medical Merit to ambassadors

Foreign Minister Dr. Abdullatif bin Rashid Al Zayani presented Prince Salman bin Hamad Medal of Medical Merit to a number of ambassadors accredited to the Kingdom of Bahrain.

This was in implementation of the royal order of His Majesty King Hamad bin Isa Al Khalifa and the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, the Crown Prince and Prime Minister, to all the competent authorities to hand over the medal to the workers in the front lines from the health sector, Bahrain Defence Force, the Interior Ministry and all supportive parties.

The recipients are Jordan’s Ambassador, Dean of the Diplomatic Corps in the Kingdom of Bahrain Rami Wreikat, Moroccan Ambassador Mustapha Benkhayi, Saudi Ambassador His Royal Highness Prince Sultan bin Ahmed bin Abdulaziz Al Saud, Kuwaiti Ambassador Shaikh Thamer Jaber Al Ahmed Al Sabah, Deputy Omani Ambassador Dr. Mohammed bin Ali Al Balooshi, in recognition of their efforts and cooperation with the Kingdom of Bahrain during the outbreak of Covid-19 pandemic.

Dr. Al Zayani congratulated the ambassadors on receiving the Prince Salman bin Hamad for Medical Merit, hailing joint coordination to protect citizens and residents’ health.

The ambassador also expressed pride at receiving the medals, praising thee efforts exerted by the Kingdom of Bahrain to combat the pandemic and protect citizens and residents’ health.

They stressed commitment to continue joint coordination with the Kingdom of Bahrain towards serving common interests, wishing the Kingdom further development and prosperity.

Source: Bahrain News Agency

Posted on

Health Minister attends WHA opening session

Health Minister Dr. Jaleela bint Al Sayyed Jawad Hasan today attended the opening of the 76th session of the The World Health Assembly (WHA) being held in Geneva, Switzerland, until May 31.

The inaugural sessions discussed key topics on the agenda, focusing mainly on the global strategy for women, children and adolescents’ health, comprehensive health coverage.

The minister delivered the statement of the Kingdom of Bahrain under the theme “The World Health Organization after 75 years: saving lives, achieving health for all”.

She expressed congratulations on the end of the pandemic, after the Geneva-based WHO declared that the virus no longer constitutes a global health emergency.

She praised international efforts which contributed to overcoming the global health challenge, commending the role of effective partnerships in protecting societies, which led to integrated immunity and the return to normal life to continue implementing the Millennium Development Goals.

She stressed the Government’s commitment to support global initiatives aimed to achieve health for all, by launching many targeted initiatives to engage all countries in these international health trends and achieve sustainable development goals. .

She paid tribute to His Majesty King Hamad bin Isa Al Khalifa and His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, hailing their support to building a viable, integrated and comprehensive system that provides high quality health care services to all social segments and promote preventive plans, immunization programs and vaccination coverage in all life stages.

She commended WHO-led role years-long dedication that contributed to reinfrocing health as a basic human right which must be made available to all.

She called for international solidarity and cooperation to continue implementing health initiatives for all and supporting healthy economies that achieve justice, peace and well-being for all the world’s population.

The opening ceremony was attended by Ambassador Dr. Youssef Abdulkarim Muhammad Bucheery, Director General of Legal Affairs and Human Rights at the Ministry of Foreign Affairs.

Source: Bahrain News Agency

Posted on

Health Minister to chair WHA main committee

The World Health Assembly (WHA) has elected Health Minister Dr. Jaleela bint Al Sayyed Jawad Hasan as Chair of the WHA Main Committee (A), which deals with key technical issues, such as health systems and comprehensive health coverage. and emergency preparedness and response.

This came on the sidelines of the 76th WHA session, which opened today in Geneva, Switzerland, and will run until May 31.

“This is the first the head of Bahrin’s delegation is elected to this important position, which is essential in the work of the World Health Assembly”, said the minister.

In a statement, she stressed Bahrain’s to work in tandem with the World Health Organisation (WHO) to implement programmes and initiatives aimed at develop health systements and reinforcing health secuty.

The drive is in line with the directives of His Majesty King Hamad bin Isa Al Khalifa and the follow-up of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister to achieve health-related sustainable development goals.

Dr. Jalila chairs the committee, which discusses mainly the enhancement of WHO efficiency in providing countries with better support and proposed budget for the period 2024-2025.

He panel is also assigned to discuss the way one billion more people benefit from universal health coverage, one billion more people will be better protected from health emergencies, and one billion more people will enjoy better health and wellbeing.

Source: Bahrain News Agency

Posted on

Candidacy for 7th Session of Central Municipal Council Membership Open in all Electoral Districts

The Ministry of Interior announced that candidacy for the 7th Session of the Central Municipal Council membership was opened at all electoral districts headquarters as of Sunday, May 21, 2023 until May 25, 2023 from 4:00pm to 7:00 pm.

The measure is in accordance with provisions of Law No. (12) of 1998 on the regulation of the Central Municipal Council and the laws amending it, and in accordance with provisions of Decree No. (17) of 1998 on the election of members of the Central Municipal Council.

The Ministry of Interior called upon citizens wishing to run for the elections to comply with the required conditions. The original nationality of the candidate must be Qatari; for the candidate who earned the Qatari nationality, the father must be born in Qatar. The candidate must have reached 30 years of age on May 25, 2023, and be able to read and write. The candidate shall be recognized for his competence and honesty, and shall not have been previously convicted of a crime involving dishonor or dishonesty, unless he has been rehabilitated. The candidate must be registered in the voters lists in the electoral district in which he is running, and to have a permanent place of residence within its borders. The candidate must not be working in the Ministry of Defense or the Ministry of Interior, or any other military entity.

With regard to the candidacy application procedures, the candidacy applicant must show at the election committee at the electoral district headquarters; present the identity card; fill in the form prepared for this purpose and sign it before the election committee; submit the application with two personal photos to the election committee and receive a receipt for that.

Source: Qatar News Agency