Day: October 10, 2023

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ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages UiPath, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – PATH

NEW YORK, Oct. 10, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of UiPath, Inc. (NYSE: PATH) between April 21, 2021 and March 30, 2022, both dates inclusive (the “Class Period”), of the important November 6, 2023 lead plaintiff deadline.

SO WHAT: If you purchased UiPath 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 UiPath class action, go to https://rosenlegal.com/submit-form/?case_id=19012 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 November 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 made false and/or misleading statements and/or failed to disclose that: (1) UiPath had enacted a widespread discounting program prior to its initial public offering (“IPO”), which had the effect of temporarily boosting UiPath’s revenue and annualized recurring revenue (“ARR”) metrics, cannibalizing its future sales, eroding UiPath’s margins, and increasing the risk of client churn; (2) UiPath’s actual total addressable market was not as large as portrayed by defendants, because many companies included in UiPath’s market survey did not need the type of high-cost, high-functionality automation products offered by UiPath; (3) UiPath was losing customers to Microsoft, ServiceNow, SAP, Salesforce, IBM, and other established enterprise software vendors that were building automation into their platforms; (4) UiPath was losing customers due to the increased availability of low-code automation software offered by vendors, such as Microsoft’s Power Automate software, which were capable of addressing the majority of customer use cases at a fraction of the price of UiPath’s products and services; and (5) UiPath was suffering from a loss of channel sales due to strained relationships with UiPath’s partners as a result of increased competition between UiPath and these partners. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the UiPath class action, go to https://rosenlegal.com/submit-form/?case_id=19012 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 8946722

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LiquidStack to Showcase Immersion-Ready Servers from Equus Compute Solutions at GITEX Global in Dubai

Interactive demonstration features LiquidStack DataTank 4U and high performance servers from Equus

BOSTON, Oct. 10, 2023 (GLOBE NEWSWIRE) — LiquidStack, a global leader in liquid immersion cooling for data centers, today announced a joint demonstration featuring LiquidStack’s two-phase immersion cooling DataTank™ and Equus Compute Solutions (Equus) immersion-ready servers. The multi-day exhibition will take place at GITEX GLOBAL, the world’s largest technology and startup event in the Middle East. Held at the Dubai World Trade Centre, from October 16 to 20, 2023, the first public appearance of this technology will be viewable in Hall 27, Booth D-25.

Attendees will see immersion cooling in action via the LiquidStack DataTank™4U, which supports up to 6kW cooling capacity and immersion-ready servers from Equus’s line of advanced digital infrastructure hardware containing an AMD EPYC Genoa Motherboard, an AMD EPYC 360W CPU, and three Nvidia Quadro RTX 6000 Ada Generation graphics cards. Equus also offers warranty options.

Along with the demonstration, LiquidStack CEO Joe Capes and Equus Head of Solutions Engineering Patrick Pedroso will be on hand to discuss the significant economic and sustainability benefits of immersion cooling over traditional air cooling. These advantages include the ability to conduct up to 3,000 times more heat than air cooling, deliver surplus cooling power to enable ever-increasing compute densities, and provide a scalable and environmentally-friendly solution.

“Immersion cooling is the most economical and sustainable way for data centers to run the newest servers containing the most powerful chips and no market is growing faster than the Middle East where air cooling is particularly challenging,” said Joe Capes, CEO, LiquidStack. “Companies in this region and elsewhere are demanding more high-performance, compute-intensive applications such as AI and advanced cloud computing, so the industry is moving toward liquid cooling. LiquidStack’s collaboration with Equus to integrate immersion-ready hardware helps make the adoption of immersion cooling technology swift and seamless.”

According to S. Jay Lawrence, CEO, Equus, “We are entering entirely new territory in the world of data centers, where the levels of compute and power running through these systems are unprecedented. Implementing sustainable and efficient cooling methods has never been as important as it is now, and we are excited to present our immersion-ready technology alongside LiquidStack at this year’s GITEX conference.”

In addition to their collaboration at GITEX, LiquidStack will soon feature its products in the Equus Liquid Cooling Innovation Center, located in the City of Industry, California. This permanent showcase, starting in Q4 2023, will feature fully integrated immersion-ready servers with industry-leading performance and sustainability ratings. Customers will be able to schedule an appointment to view and use the installation for proof-of-concept purposes.

LiquidStack’s product line includes their new MicroModular™ and MegaModular™ turnkey data center offers. Those who are unavailable to attend GITEX GLOBAL can request a liquid cooling demo by contacting LiquidStack at https://liquidstack.com/contact-us.

About LiquidStack
LiquidStack™ is the respected leader in liquid immersion cooling for information technology hardware, telecommunications, and blockchain systems. Having pioneered the world’s highest density, most efficient, and sustainable liquid cooling solution in 2012, our advanced liquid cooling solutions continue to serve as the backbone for highly scalable and environmentally safe hyperscale, colocation, enterprise, edge and blockchain data centers. LiquidStack’s DataTank™, EdgeTank™, CryptoTank™, MicroModular™ and MegaModular™ systems and services are enabling real-time advancement of computing and communications while supporting a sustainable planet. Learn more at liquidstack.com.

Media Contact:
Dana Zemack
dana@scratchmm.com

GlobeNewswire Distribution ID 8946131

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The 2023 Centi-Millionaire Report: The Emergence of a New Class of Super-Rich

LONDON, Oct. 10, 2023 (GLOBE NEWSWIRE) — There are currently 28,420 centi-millionaires in the world, more than double the number 20 years ago, and an increase of 12% compared to this time last year, according to the 2023 Centi-Millionaire Report released today by wealth and investment migration advisors Henley & Partners and featuring exclusive data from global wealth intelligence firm New World Wealth. This fast-growing global elite of highly influential super-wealthy movers and shakers boast investable assets of USD 100 million or more.

As outlined in the inaugural report last year, at a country level, most centi-millionaires (or ‘centis’) are concentrated in the USA (38%), followed by the large emerging markets of China and India. One third of the world’s centi-millionaire community live in 50 key cities across the globe, with New York City wearing the crown with 775 resident centi-millionaires.

Dr. Juerg Steffen, CEO of Henley & Partners, says the USD 100 million plus band represents the best definition in today’s world of what it means to be ‘super-wealthy’. “Not long ago, in the late 1990s, USD 30 million was considered by most banks as the fortune that was needed to meet this status. However, asset prices have risen significantly since then, making USD 100 million the new benchmark.”

Top centi cities

Hot on the heels of NYC in first place comes the Bay Area with 692 resident centi-millionaires, followed by Los Angeles with 504 centis. This super-rich cohort has grown by just over 5% in the Big Apple over the past 12 months, compared to 11% in the Bay Area. Chicago also makes it into the Top 10, securing 9th place with 286 centi-millionaires, but this is a significant drop of nearly 16% compared to last year.

Overall, the USA has 12 cities in the Top 50, with a combined total of 3,311 centis, representing 11.7% of the world’s centi-millionaire population as of June 2023.

By contrast, the UK has only one city in the Top 50, London, which comes in 4th place with 388 centi-millionaires, representing 1.4% of the world’s centi population. Once the global center of affluence and influence, London appears to have taken a dip. A year ago, there were 406 centis in the UK’s capital city — a loss of 4.4% in just 12 months.

There is impressive representation from Asia in the upper rankings, with four Asian cities and territories among the world’s Top 10 centi-millionaire hotspots. Mainland China has two Top 10 cities: Beijing is 5th with 365 centi-millionaires and Shanghai is 6th with 332. Singapore follows in 7th place with 330 centis while Hong Kong (SAR China), in 8th place, is home to 305 centi-millionaires. Paris and Ile-de-France come in 10th place, boasting 280 resident centi-millionaires between them.

Growth forecast to flourish in Global South

Of the Top 50 cities, the e-commerce hub of Hangzhou in China is expected to see the highest growth in its centi-millionaire population in the next decade with a projected 95% increase, closely followed by the prominent tech hub, Shenzhen (88%).

The emerging global business center of Riyadh in Saudi Arabia and India’s largest commercial hub Delhi are projected to see the 3rd-highest growth of 85% each between now and 2033, while financial capital Mumbai is forecast to enjoy an 80% growth in its centi-millionaire community. Tech-friendly Austin in the USA also has a very strong growth projection of 84% by 2033.

Dubai, with its vibrant and diversified economy, is not far behind Mumbai, with centi-millionaire growth of 78% projected over the next 10 years, followed by China’s main transport and trading nexus Guangzhou (76%), and the world’s most expensive city, Monaco (72%).

The numbers in Australia also look poised to increase sharply — by 67% in Melbourne, 60% in Sydney, and 57% in Perth. By contrast, centi-millionaire growth figures are forecast to be a sluggish 17% in Los Angeles, 12% in London, 6% in Chicago, and just 5% in Moscow.

Read the full press release and report

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Group Head of PR

sarah.nicklin@henleyglobal.com

Mobile: +27 72 464 8965

GlobeNewswire Distribution ID 1000843048

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Centi-Millionaire Report 2023: O surgimento de uma nova classe de super-ricos

LONDRES, Oct. 10, 2023 (GLOBE NEWSWIRE) — Existem atualmente 28 420 centi-milionários no mundo, mais do dobro do número de há 20 anos e um aumento de 12% em comparação com o ano passado, de acordo com o Centi-Millionaire Report de 2023 divulgado hoje pelos consultores de migração de riqueza e investimento Henley & Partners e apresentando dados exclusivos da empresa global de inteligência de riqueza New World Wealth. Esta elite global, em rápido crescimento, de super-ricos altamente influentes, possui ativos investíveis de 100 milhões de dólares ou mais.

Tal como referido no relatório inaugural do ano passado, a nível nacional, a maioria dos centi-milionários (ou “centis”) concentra-se nos EUA (38%), seguidos dos grandes mercados emergentes da China e da Índia. Um terço da comunidade centi-milionária mundial vive em 50 cidades-chave de todo o mundo, com a cidade de Nova Iorque a ostentar a coroa com 775 centi-milionários residentes.

Dr. Juerg Steffen, Diretor Executivo da Henley & Partners, afirma que o grupo de mais de 100 milhões de dólares representa a melhor definição, no mundo atual, do que significa ser “super-rico”. “Ainda não há muito tempo, no final dos anos 1990, a maioria dos bancos considerava que 30 milhões de dólares era a fortuna necessária para atingir este estatuto. No entanto, os preços dos ativos aumentaram significativamente desde então, fazendo com que 100 milhões de dólares sejam o novo valor de referência.”

Principais cidades centi

Logo a seguir a Nova Iorque, em primeiro lugar, vem a Bay Area com 692 centi-milionários residentes, seguida de Los Angeles com 504 centis. Este grupo de super-ricos cresceu um pouco mais de 5% na Big Apple nos últimos 12 meses, em comparação com 11% na Bay Area. Chicago também faz parte do Top 10, assegurando o 9º lugar com 286 centi-milionários, mas esta é uma queda significativa de quase 16% em comparação com o ano passado.

No total, os EUA têm 12 cidades no top 50, com um total combinado de 3311 centis, representando 11,7% da população centi-milionária do mundo em junho de 2023.

Em contrapartida, o Reino Unido tem apenas uma cidade no top 50, Londres, que surge em 4º lugar com 388 centi-milionários, o que representa 1,4% da população centi do mundo. Outrora o centro mundial de afluência e influência, Londres parece ter dado um mergulho. Há um ano, existiam 406 centis na capital do Reino Unido, o que corresponde a uma perda de 4,4% em apenas 12 meses.

A Ásia tem uma representação impressionante nas classificações superiores, com quatro cidades e territórios asiáticos entre os 10 melhores locais do mundo para centi-milionários. A China continental tem duas cidades no top 10: Pequim é a 5ª com 365 centi-milionários e Xangai é a 6ª com 332. Segue-se Singapura, em 7º lugar, com 330 centis, enquanto Hong Kong (RAE da China), em 8º lugar, alberga 305 centi-milionários. Paris e a Ile-de-France estão em 10º lugar, com 280 centi-milionários residentes entre si.

Previsões de crescimento no Sul Global

Das 50 principais cidades, o centro de comércio eletrónico de Hangzhou, na China, deverá registar o maior crescimento da sua população de centi-milionários na próxima década, com um aumento previsto de 95%, seguido de perto pelo proeminente centro tecnológico de Shenzhen (88%).

Prevê-se que o emergente centro de negócios global de Riade, na Arábia Saudita, e o maior centro comercial da Índia, Deli, registem o 3º maior crescimento, de 85% cada, até 2033, enquanto a capital financeira, Mumbai, deverá registar um crescimento de 80% na sua comunidade de centi-milionários. A cidade de Austin, nos EUA, amiga da tecnologia, também tem uma projeção de crescimento muito forte de 84% até 2033.

O Dubai, com a sua economia vibrante e diversificada, não fica muito atrás de Mumbai, com um crescimento de 78% de centi-milionários previsto para os próximos 10 anos, seguido do principal nexo de transportes e comércio da China, Guangzhou (76%), e da cidade mais cara do mundo, o Mónaco (72%).

Os números na Austrália também parecem estar preparados para aumentar acentuadamente: 67% em Melbourne, 60% em Sydney e 57% em Perth. Em contrapartida, o crescimento dos centi-milionários deverá ser de 17% em Los Angeles, 12% em Londres, 6% em Chicago e apenas 5% em Moscovo.

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GlobeNewswire Distribution ID 1000843258

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Rapport Centi-Millionnaire 2023 : l’émergence d’une nouvelle classe de super riches

LONDRES, 10 oct. 2023 (GLOBE NEWSWIRE) — On compte aujourd’hui 28 420 centi-millionnaires dans le monde, soit plus du double qu’il y a 20 ans et 12 % de plus que l’année dernière à la même période. C’est ce que révèle le rapport Centi-Millionnaire 2023 publié ce jour par le cabinet de conseil en migration d’investissement Henley & Partners, en reprenant des données exclusives de la multinationale spécialisée dans l’étude de la richesse New World Wealth. Une élite mondiale de titans modernes en plein essor, et très influente parmi les super riches, détient des actifs de placement équivalents à 100 millions USD, voire au-delà.

À l’issue du premier rapport l’an dernier, l’analyse géographique montrait que la plupart des centi-millionnaires se concentrent d’abord aux États-Unis (38 %), suivis des grands marchés émergents que sont la Chine et l’Inde. Un tiers de la communauté mondiale de centi-millionnaires vit dans 50 villes clés du monde. En hébergeant 775 d’entre eux, New York en est la souveraine.

Dr Juerg Steffen, PDG de Henley & Partners observe que la tranche de ceux qui pèsent 100 millions USD ou plus traduit le mieux ce qu’on qualifie aujourd’hui de « super riche ». « Il n’y a si longtemps, à la fin des années 1990, les banques mesuraient la super richesse à l’aune d’un patrimoine de 30 millions USD, mais depuis, les fortunes sont allées crescendo pour fixer la nouvelle barre à 100 millions USD ».

Le top des villes aux yeux des centi-millionnaires

À la première place du podium, New York est talonnée par San Francisco et ses 692 centi-millionnaires à l’année, alors que Los Angeles se glisse à la troisième place avec son quota de 504. La poignée de super riches a grossi de près de 5 % au cours de l’année dernière dans la Grosse Pomme, contre 11 % pour la Baie. Chicago se hisse également à la 9e place du Top 10 avec ses 286 centi-millionnaires, mais essuie un déclin de quasi 16 % depuis l’année dernière.

Dans l’ensemble, douze cités américaines rejoignent le Top 50 en accueillant 3 311 centi-millionnaires, soit 11,7 % de la population mondiale des super riches telle qu’établie en juin 2023.

En revanche, une seule ville du Royaume-Uni s’y classe à la 4e place, Londres qui en abrite 388, soit une part de 1,4 % à l’échelle mondiale. Auparavant championne du monde de l’affluence et de l’influence, la City a perdu du terrain. Il y a juste un an, 406 centi-millionnaires vivaient à Londres — et reculent de 4,4 % en à peine douze mois.

L’Asie est fortement représentée et flirte avec le haut du classement, avec quatre villes et régions distinguées au Top 10 des foyers préférés des centi-millionnaires. En Chine continentale, deux villes rejoignent le Top 10 : Pékin à la 5e position avec 365, et Shanghai à la 6e avec 332. Dans leur sillage, Singapour grimpe à la 7e place avec 330 alors que Hong Kong (région administrative spéciale de la République populaire de Chine), à la 8e place, en accueille 305. Paris et la région Île-de-France arrivent en 10 e position, se partageant 280 super riches.

Prévisions de croissance dans les régions du Sud

La capitale chinoise de l’e-commerce figure au Top 50. Hangzhou est promise à la plus forte hausse en termes de population centi-millionnaire les dix prochaines années, avec des prévisions de croissance estimées à +95 %, suivie de près par la technopole Shenzhen et ses +88 %.

Riyad, en passe de devenir le premier centre d’affaires mondial d’Arabie Saoudite et Delhi, le plus important centre commercial de l’Inde vont à égalité connaître la 3e plus forte croissance (+85 %) d’ici 2033, alors qu’il est attendu une croissance de 80 % de la communauté centi-millionnaire dans la capitale financière qu’est Mumbai. Aux États-Unis, les prévisions de croissance sont également très fortes pour Austin l’industrielle : +84 % d’ici 2033.

Avec son économie florissante et diversifiée, Dubaï suit Mumbai de près, avec des prévisions de croissance de la population centi-millionnaire autour de 78 % sur les dix prochaines années. Viennent ensuite Canton (+76 %) et son économie rassemblée autour du commerce et du transport, et enfin Monaco (+72 %), qui reste la ville la plus chère du monde.

En Australie, il faut également s’attendre à observer de fortes hausses — +67 % pour Melbourne contre +60 % pour Sydney et + 57% pour Perth. À l’opposé, les prévisions de croissance de la population centi-millionnaire sont en berne pour Los Angeles (+17 %), Londres (+12 %), Chicago (+6 %), et Moscou (à peine 5 %).

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Sarah Nicklin

Responsable Groupe des RP

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ROSEN, A LONGSTANDING LAW FIRM, Encourages CS Disco, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – LAW

NEW YORK, Oct. 09, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of CS Disco, Inc. (NYSE: LAW) between July 21, 2021 and August 11, 2022, both dates inclusive (the “Class Period”), of the important November 20, 2023 lead plaintiff deadline.

SO WHAT: If you purchased CS Disco 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 CS Disco class action, go to https://rosenlegal.com/submit-form/?case_id=19221 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 November 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, “CS Disco repeatedly touted strong growth in its revenues attributable to customer usage of its cloud-based electronic discovery platform and asserted that it had good advance visibility into changes in the demand from individual customers over time.” The lawsuit also alleges that “[w]hile the Company also acknowledged that its rapid revenue growth was ‘usage driven’ and may be subject to volatility, it did not inform investors during the Class Period that it had any indication of significant headwinds to its growth.” When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the CS Disco class action, go to https://rosenlegal.com/submit-form/?case_id=19221 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 8945968