Category: GLOBE-NEWSWIRE

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ROSEN, A LEADING LAW FIRM, Encourages Rite Aid Corporation Investors with losses to Secure Counsel Before Important Deadline in Securities Class Action – RAD

NEW YORK, Nov. 24, 2022 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Rite Aid Corporation (NYSE: RAD) between April 14, 2022 and September 28, 2022, both dates inclusive (the “Class Period”), of the important December 19, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Rite Aid 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 Rite Aid class action, go to https://rosenlegal.com/submit-form/?case_id=9388 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 19, 2022. 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, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) despite representations to the contrary, the number of new members (i.e., “lives”) that Elixir’s (a subsidiary of the Company) pharmacy benefit management (“PBM”) services business was adding during the selling season ending on January 1, 2023 was in material decline; (2) Rite Aid was likely to recognize a significant charge for the impairment of goodwill related to Elixir due to a decrease in “lives” covered by Elixir’s PBM services business; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Rite Aid class action, go to https://rosenlegal.com/submit-form/?case_id=9388 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 8702914

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

NEW YORK, Nov. 24, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the stock of FIGS, Inc. (NYSE: FIGS): (i) pursuant and/or traceable to the registration statement and related prospectus issued in connection with the Company’s 2021 initial public offering (the “IPO” or “Offering”); and/or (ii) between May 27, 2021 and May 12, 2022, both dates inclusive (the “Class Period”), of the important January 3, 2023 lead plaintiff deadline.

SO WHAT: If you purchased FIGS 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 FIGS class action, go to https://rosenlegal.com/submit-form/?case_id=9629 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 supporting the IPO and defendants’ statements throughout the Class Period were false and/or misleading and/or failed to disclose that defendants: (1) inflated FIGS’ true ability to successfully secure repeat customers; (2) failed to disclose FIGS’ increasing dependence on air freight; and (3) inflated the expected net revenues, gross margin, and adjusted EBITDA margin for 2022. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the FIGS class action, go to https://rosenlegal.com/submit-form/?case_id=9629 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 8702085

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

NEW YORK, Nov. 24, 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 the Company’s 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.

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

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ROSEN, A TOP RANKED LAW FIRM, Encourages Rent the Runway, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – RENT

NEW YORK, Nov. 24, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Rent the Runway, Inc. (NASDAQ: RENT) pursuant and/or traceable to the Company’s initial public offering conducted in October 2021 (the “IPO”) of the important January 13, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Rent the Runway 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 Rent the Runway class action, go to https://rosenlegal.com/submit-form/?case_id=9809 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 13, 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 IPO’s offering documents failed to disclose the following material facts: (1) Rent the Runway was continuing to face extraordinary business headwinds, such as transportation headwinds and labor wage rate increases, from the COVID-19 pandemic; (2) Rent the Runway’s active subscriber enrollments had sharply decelerated from the growth trajectory represented in the offering documents and, as a result, Rent the Runway was several months away from approaching its pre-pandemic levels of active subscriptions; (3) Rent the Runway needed to substantially increase marketing and advertising costs from historical figures in order to attempt to grow its active subscriber network; (4) Rent the Runway was suffering from ballooning fulfillment and transportation costs; and (5) as a result, Rent the Runway was suffering accelerating operational losses at the time of the IPO and was far less likely to achieve profitability in the near term, if ever, than represented. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Rent the Runway class action, go to https://rosenlegal.com/submit-form/?case_id=9809 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 8702904

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KlasJet adds Boeing 737 BBJ2 to its exclusive fleet

KlasJet adds Boeing 737 BBJ2 to its exclusive fleet

The Boeing 737 BBJ2 is a splendid addition to KlasJet’s exclusive private aircraft fleet as it is set to cater to the specific needs of high-ranking clients travelling in smaller groups.

LONDON, Nov. 24, 2022 (GLOBE NEWSWIRE) — In 2021, the global business jet market was USD 25.87bn and is expected to reach USD 38.34bn by 2029, growing at a CAGR of 4.06 %. Business jets flew 3.3 million flights worldwide in 2021, the most on record for a single year and 7 % more than the previous high point in 2019. Private jet statistics show a global fleet of 21,929 registered aircraft.

KlasJet adds Boeing 737 BBJ2 to its exclusive fleet

The Boeing 737 BBJ2 is a splendid addition to KlasJet’s exclusive private aircraft fleet as it is set to cater to the specific needs of high-ranking clients travelling in smaller groups.

To expand KlasJet’s products portfolio, an EU-based corporate charter and ACMI services provider is adding Boeing BBJ2, MSN 32971 jet to its fleet. The aircraft is set to begin operations in mid-April 2023 and will be based in Dubai. The general sales agent for this aircraft will be Chapman Freeborn UAE Dubai office.

KlasJet adds Boeing 737 BBJ2 to its exclusive fleet

The Boeing 737 BBJ2 is a splendid addition to KlasJet’s exclusive private aircraft fleet as it is set to cater to the specific needs of high-ranking clients travelling in smaller groups.

The Boeing 737 BBJ2 is a splendid addition to KlasJet’s exclusive private aircraft fleet as it is set to cater to the specific needs of high-ranking clients travelling in smaller groups. “While our other 56-68 seats VIP Boeing 737 uniquely designed jets are great for larger groups, such as sports teams, business and political delegations, the B737 BBJ2 will serve as an amazing choice for affluent families, government representatives, presidents, royal families, important business delegations. Currently, the aircraft is at Avia Solutions Group completion centre JetMS Completion, where the interior of the jet will be fully renewed,” explains Rita Domkute, CEO of KlasJet.

KlasJet adds Boeing 737 BBJ2 to its exclusive fleet

The Boeing 737 BBJ2 is a splendid addition to KlasJet’s exclusive private aircraft fleet as it is set to cater to the specific needs of high-ranking clients travelling in smaller groups.

 

Corporate business jet charter services are in great demand all over the world, as big groups can travel enjoying all the perks of business aviation: flexible flight time, luxury service on board, special seats and price per seat similar to business class seats at regular airline companies. “We plan that the newly added B737 BBJ2 will allow us to strengthen our positions in the rapidly growing Middle East market as the jet is a perfect option for high-ranking individuals who are living in or visiting the region on regular basis,” she shares.

The 23-seat aircraft is a truly exquisite project, with a spacious lounge area, an on-board bedroom and a shower. “The jet is designed to meet even the most sophisticated needs of our clients. It is planned with convenience and comfort of passengers in mind, the design is created using high-quality materials,” KlasJet’s CEO shares.

KlasJet adds Boeing 737 BBJ2 to its exclusive fleet

The Boeing 737 BBJ2 is a splendid addition to KlasJet’s exclusive private aircraft fleet as it is set to cater to the specific needs of high-ranking clients travelling in smaller groups.

Earlier this year, the airline added passenger ACMI services list, adding to its parent company Avia Solutions Group’s ever-growing line-up of capacity providers.

If you would like more information or would like to schedule an interview with one of our KlasJet representatives, please contact Vilma Vaitiekunaite at vilma.vaitiekunaite@aviasg.com or +37061112789

About KlasJet 
KlasJet is an exlusive private and corporate jet charter company, renowned as a leader in the provision of bespoke group flights worldwide. Operating a fleet of uniquely designed jets based in Vilnius, Lithuania, as well as airports across Western and Eastern Europe, Africa, and the Middle East, KlasJet provides comfort, safety, and attention to detail from the ground up.

KlasJet adds Boeing 737 BBJ2 to its exclusive fleet

The Boeing 737 BBJ2 is a splendid addition to KlasJet’s exclusive private aircraft fleet as it is set to cater to the specific needs of high-ranking clients travelling in smaller groups.

KlasJet operates 7 corporate and BBJ Boeing 737 from 23 to 68 seats. Also offers ACMI lease services to airlines and tour operators around the world who face challenges with flight schedules, expansion plans, and the supply of backup aircraft. The company’s fleet available for ACMI lease services comprises 6 units of Boeing 737-800 — each with a capacity for 189 passengers.

KlasJet is a family member of Avia Solutions Group, leaders in end-to-end capacity solutions for passenger and cargo airlines worldwide. Its vast portfolio of services to clients includes ACMI, charter and cargo aviation, aircraft leasing and trading, MRO services, business aviation and VIP airline procurement, pilot and crew training, recruitment services, together with multiple complementary services spanning a wide range of associated operations. The Group manages over 100 offices and production facilities globally.

For more information, please visit: www.klasjet.aero and www.aviasg.com

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/ce2e4a06-4419-49c1-ba90-28dbffcb8dc8

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GlobeNewswire Distribution ID 1000768752

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Tusk Innovation Announces New Products ‘Combo’

TUSK PRODUCT

TUSK PRODUCT ZEN

LONDON, Nov. 24, 2022 (GLOBE NEWSWIRE) — Tusk Inc. Limited (www.tusklimited.com) a company which started in 2012 as a capital management company in the United Kingdom and Kuala Lumpur with offices around the world, and now is one of the leading electrical solution companies which focus on producing for users of mining equipment, solar energy and adapters is announcing is k new products combo. The Product line is mainly for electrical purposes. For any miner bought, it comes with a solar panel, to reduce power consumption. See products here https://tusklimited.com/products

As one of the top Electrical solution companies, Tusk innovation has announced 30% discounts on its combo of mining equipment, which combines a solar panel with a bitcoin miner. With their recent movement from polycrystalline to photovoltaic materials, Tusk inc. has tested over time the efficiency of combining their solar products with cryptocurrency miners, and this has proven to be the most effective. Tusk inc. investors can now with ease, mine their coins without interruptions, lesser risks and maximum profit.

This is an effort to reduce the amount of electricity used when clients mine cryptocurrencies, and it was disclosed by the COO, John Walls, last week. According to Walls, “Reports going around made it evident that the quantity of electricity miners require may be too large to handle, therefore we obtained a plausible option.”

Mining Profits
Although it is admirable and highly profitable for many people to set up cryptocurrency mining farms, speculations are rife that they may incur significant costs, particularly in terms of electricity use. By providing you with a Solar Panel, which is unconnected to your electricity bills and a bitcoin mining device that can perform dual mining tasks, Tusk Inc. has created a long-lasting solution. You can simply mine your coins and not bother about the market’s volatility, while also ignoring power consumption.

Tusk Inc. has distinguished itself from others, in that customers can get crypto wallet development services as well as graphics processing units from the company, which has offices on three continents. It also has extensive experience in Blockchain development and bitcoin mining solutions, among other areas.

About Tusk
Established in 2012 by team of management experts, and later joined by a team of technology experts, Tusk Inc. is now one of the leading electrical solution providers. They pride themselves also in their ability to manage risk effectively, since they have been in the business of managing risks for over a decade. And through several advancements in technology, they have incorporated less risky ventures into the Risk Management system, one of which is cryptocurrency mining, using photovoltaic materials.

John Walls
PR Manager
john@tusklimited.com
(+44)7451214344

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/94500cd7-ba35-4ad9-8179-1f5f89263358

GlobeNewswire Distribution ID 1000768596