ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Nextdoor Holdings, Inc. f/k/a Khosla Ventures Acquisition Co. II Investors to Secure Counsel Before Important Deadline in Securities Class Action – KIND, KVSB

NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A common stock of Nextdoor Holdings, Inc. f/k/a Khosla Ventures Acquisition Co. II (NYSE: KIND) (NASDAQ: KVSB) between July 6, 2021 and November 8, 2022, both dates inclusive (the “Class Period”), of the important April 29, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Nextdoor Class A 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 Nextdoor class action, go to https://rosenlegal.com/submit-form/?case_id=22886 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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 April 29, 2024. 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) Nextdoor’s financial results prior to the merger had been temporarily inflated by the ephemeral effects of the COVID-19 pandemic, which had pulled forward demand for Nextdoor’s platform and cannibalized future advertising revenue growth; (2) rather than being sustained, such growth trends had already begun reversing at the start of the Class Period; (3) Nextdoor’s total addressable market was materially smaller than the 312 million households represented to investors; and (4) by the start of the Class Period, Nextdoor’s most important market – the U.S. market – was already substantially saturated, impairing Nextdoor’s ability to monetize users and increase its average revenue per weekly active user (“ARPU”) or U.S. weekly active users (“WAUs”). When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Nextdoor class action, go to https://rosenlegal.com/submit-form/?case_id=22886 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9082712

KFSH&RC Welcomes Dr. Björn Zoéga as New Deputy CEO

KFSH&RC Welcomes Dr. Björn Zoéga as New Deputy CEO
King Faisal Specialist Hospital and Research Centre (KFSH&RC) is proud to announce the appointment of Dr. Björn Zoéga as Deputy Chief Executive Officer (CEO), effective 01 April 2024. This strategic move is set to accelerate KFSH&RC’s aspiration of becoming a leading healthcare institution on the global stage, leveraging Dr. Zoéga’s notable career and proven track record of leadership in top-tier medical institutions.

RIYADH, Saudi Arabia, April 02, 2024 (GLOBE NEWSWIRE) — King Faisal Specialist Hospital and Research Centre (KFSH&RC) is proud to announce the appointment of Dr. Björn Zoéga as Deputy Chief Executive Officer (CEO), effective 01 April 2024. This strategic move is set to accelerate KFSH&RC’s aspiration of becoming a leading healthcare institution on the global stage, leveraging Dr. Zoéga’s notable career and proven track record of leadership in top-tier medical institutions.

As the former CEO of the internationally renowned Karolinska University Hospital in Sweden, Dr. Zoéga played a pivotal role in upholding the institution’s high standards and global recognition as the second highest rated among European hospitals and seventh best worldwide according to Newsweek’s ranking of the World’s Best Hospitals 2024. His administration at Karolinska was marked by innovative strategies and excellence in healthcare delivery—all which he is posed to enrich within KFSH&RC.

Dr. Zoégabrings decades of healthcare management and clinical expertise to KFSH&RC, having spearheaded operations as CEO of the National University Hospital of Iceland and the Stockholm Spine Center. His experience and faculties in research and education are also invaluable, given his former roles as President and Board Chairman of the EU-Cervical Spine Research Society and Chairman of the Scientific Advisory Board of Alvotech.

As Deputy CEO, Dr. Zoéga will serve as chief lead of KFSH&RC’s healthcare delivery and research and innovation groups, following on the hospital’s commitment to integrating global best practices in healthcare and pursuing cutting-edge medical research and technology.

KFSH&RC extends its invitation to the community, partners, and stakeholders to welcome Dr. Björn Zoéga, as the institution embarks on a promising new chapter in healthcare, committed to fostering a brighter and healthier future for all.

For more information, please contact:

Mr. Essam Al-Zahrani, Media Affairs Acting Head, 0555254429

Mr. Abdullah Al-Awn, Senior Media Editor, 0556294232

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6a2fb3b5-9219-4e72-82fd-8f093f22996e

GlobeNewswire Distribution ID 9083029

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Shoals Technologies Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SHLS

NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Shoals Technologies Group, Inc. (NASDAQ: SHLS) between May 17, 2022 and November 7, 2023, both dates inclusive (the “Class Period”), of the important May 21, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Shoals 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 Shoals class action, go to https://rosenlegal.com/submit-form/?case_id=23563 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email or case@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 May 21, 2024. 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 misrepresented and/or failed to disclose that: (1) Shoals did not deliver electrical balance of systems (“EBOS”) products that met the highest levels of quality and reliability; (2) Shoals had received reports of exposed copper conduit in EBOS wire harnesses in a large number of solar fields and was aware that a significant portion of its wire harnesses had defects; (3) Shoals would have to incur between $60 million to $185 million in costs to remediate the wire shrinkback issue; (4) Shoals had understated its cost of revenue by millions of dollars; and (5) as a result, defendants’ positive statements about Shoals’ financial guidance, 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.

To join the Shoals class action, go to https://rosenlegal.com/submit-form/?case_id=23563 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9082798

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Shoals Technologies Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SHLS

NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Shoals Technologies Group, Inc. (NASDAQ: SHLS) between May 17, 2022 and November 7, 2023, both dates inclusive (the “Class Period”), of the important May 21, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Shoals 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 Shoals class action, go to https://rosenlegal.com/submit-form/?case_id=23563 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email or case@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 May 21, 2024. 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 misrepresented and/or failed to disclose that: (1) Shoals did not deliver electrical balance of systems (“EBOS”) products that met the highest levels of quality and reliability; (2) Shoals had received reports of exposed copper conduit in EBOS wire harnesses in a large number of solar fields and was aware that a significant portion of its wire harnesses had defects; (3) Shoals would have to incur between $60 million to $185 million in costs to remediate the wire shrinkback issue; (4) Shoals had understated its cost of revenue by millions of dollars; and (5) as a result, defendants’ positive statements about Shoals’ financial guidance, 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.

To join the Shoals class action, go to https://rosenlegal.com/submit-form/?case_id=23563 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9082798

ROSEN, THE FIRST FILING FIRM, Encourages SSR Mining Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – SSRM

NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of SSR Mining Inc. (NASDAQ: SSRM) between February 23, 2022 and February 27, 2024, both dates inclusive (the “Class Period”), of the important May 17, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased SSR Mining 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 SSR Mining class action, go to https://rosenlegal.com/submit-form/?case_id=23047 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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 May 17, 2024. 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 materially false and/or misleading statements and/or failed to disclose that: (1) defendants materially overstated SSR Mining’s commitment to safety and the efficacy of its safety measures; (2) SSR Mining engaged in unsafe mining practices which were reasonably likely to result in a mining disaster; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the SSR Mining class action, go to https://rosenlegal.com/submit-form/?case_id=23047 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9082677

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

NEW YORK, April 02, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A common stock of Snowflake Inc. (NYSE: SNOW) between September 16, 2020 and March 2, 2022, both dates inclusive (the “Class Period”), of the important April 29, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Snowflake Class A 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 Snowflake class action, go to https://rosenlegal.com/submit-form/?case_id=22950 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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 April 29, 2024. 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) Snowflake had systematically oversold capacity to customers which created a misleading appearance of the demand for Snowflake’s products and services; (2) Snowflake had provided significant discounts to its customers prior to its initial public offering (“IPO”) that temporarily boosted sales but would not be sustainable after the IPO and/or necessitate platform efficiency adjustments that negatively impacted client consumption and Snowflake’s revenue and profit margins; (3) as a result, Snowflake’s customers were poised to roll over a material amount of unused credits (and thereby cannibalize future sales) at the end of their contracts’ terms or to refuse to renew their contracts at prior consumption levels or at all; and (4) consequently, Snowflake’s product revenue and remaining performance obligations had been artificially inflated leading up to and during the Class Period. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Snowflake class action, go to https://rosenlegal.com/submit-form/?case_id=22950 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9082646

ROSEN, LEADING INVESTOR COUNSEL, Encourages Palo Alto Networks, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PANW

NEW YORK, April 02, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Palo Alto Networks, Inc. (NASDAQ: PANW) between August 18, 2023 and February 20, 2024, both dates inclusive (the “Class Period”), of the important April 26, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Palo Alto 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 Palo Alto class action, go to https://rosenlegal.com/submit-form/?case_id=22789 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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 April 26, 2024. 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) Palo Alto’s consolidation and platformization initiatives were not driving increased market share to a significant degree; (2) Palo Alto would need to ramp up platformization and free product offerings to entice customers to adopt more of their platforms; (3) Palo Alto’s high growth in billings was not sustainable; (4) Palo Alto’s new Artificial Intelligence (“AI”) offerings were not facilitating greater platformization and consolidation; and (5) based on the foregoing, defendants lacked a reasonable basis for their positive statements about customer demand, billings, and platformization, as well as related financial results, growth, and prospects. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Palo Alto class action, go to https://rosenlegal.com/submit-form/?case_id=22789 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9082637

Jahangir Siddiqui and Co. Announces 32nd Annual General Meeting in Karachi

Karachi, Jahangir Siddiqui and Co. Limited has announced its 32nd Annual General Meeting (AGM) scheduled for Thursday, April 25, 2024, at The Centre in Karachi, aiming to discuss the year's financial outcomes, auditor appointments, and dividend payments among other agenda items. The notice for the AGM states that it will take place on the 15th Floor of The Centre, Plot No. 28, SB-5, Abdullah Haroon Road, at 9:30 a.m.

The meeting will focus on the examination and adoption of audited unconsolidated and consolidated financial statements for the year ended December 31, 2023, alongside the Directors' and Auditors' Reports, and the Chairman's Review Report. These documents are made accessible to stakeholders through the company's website, in line with the Companies Act, 2017, ensuring transparency and accessibility.

Further deliberations at the AGM will include the re-appointment of the company’s auditors, KPMG Taseer Hadi and Co., Chartered Accountants, who have been recommended by both the Audit Committee and the Board of Directors for another term, following their willingness to serve again.

Moreover, the Board of Directors proposes a preferred cash dividend of PKR 0.6 per preference share (i.e., 6% per annum) for the preference shareholders for the year ended December 31, 2023. This move underscores the company's commitment to delivering value to its shareholders while maintaining fiscal prudence.

The AGM notice will be published in "The NEWS" and "JANG" newspapers across Karachi, Lahore, and Islamabad on April 03, 2024, ensuring widespread dissemination among the TRE Certificate Holders of the Exchange.

Altern EnergyXD Marks Modest Gains in Monday’s Market Activity

Karachi, Altern EnergyXD (ALTN) witnessed modest gains in Monday's trading session, with the share price moving from an opening of 20 rupees to a close of 20.17 rupees. The stock's price hovered between 20 and 20.15 rupees, with 41,500 shares traded. The session concluded with a closing price of 20 rupees.

HBL Growth Fund Announces Earnings and Dividend for Jan-Mar 2024

Karachi, The HBL Growth Fund, a close-ended mutual fund, today reported an Earnings Per Share (EPS) of Rs. 6.01 for the quarter ending March 2024, a performance that marks a notable increase from the same period in the previous year. The fund's today's rate stood at Rs. 6.82 with a daily weighted average rate of Rs. 6.86, reflecting a stable performance in the Pakistan Stock Exchange (PSE). The fund, with a paid-up capital of Rs. 2,835.00 million, has announced a 12% distribution for its investors for the year 2024. The mutual fund, which has been listed since 1980, maintains a minimum market lot of 500 shares. The previous book closure was observed on June 7, highlighting its commitment to shareholder returns. The fund's turnover reached 2,512,000, showcasing a vibrant activity in its trading patterns.

Mughal Iron & Steel Industries Announces Dividend, Showcases Solid Performance

Karachi, Mughal Iron & Steel Industries, a leading company in the engineering sector, declared a dividend for the fiscal year 2024. The company's share rate stood at Rs. 61.78 today, with a daily weighted average of Rs. 61.81. With a robust paid-up capital of Rs. 3,356.34 million and a par value of Rs. 10, Mughal Iron & Steel Industries has demonstrated strong financial health by announcing a dividend, following a 30% distribution in 2022 and 32% in 2023. The company’s market lot is 1, making its shares accessible to a wide range of investors. Listed on the Pakistan Stock Exchange in 2015, the company reported an EPS of Rs. 59 for January - March 2024 and a turnover of 19,568,160, indicating vigorous market activity and investor confidence.

Tri-Star Mutual Fund NC Maintains Steady Course in the Market

Karachi, Tri-Star Mutual Fund NC, recognized for its steady presence in the mutual fund sector, today shared its market performance, recording an Earnings Per Share (EPS) of Rs. 4 for the period ending March 2024. Despite not announcing any distributions for the years 2022, 2023, and 2024, the fund showed resilience with a today's rate of Rs. 5.07. With a more modest paid-up capital of Rs. 50.00 million compared to its counterparts, Tri-Star Mutual Fund has been a part of the Pakistan Stock Exchange landscape since 1994. The fund, requiring a minimum market lot of 500 shares for transactions, had its previous book closure noted on October 23. The turnover for this fund was reported at 210,000, indicating targeted investor engagement in its trading activities.