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FXLV LOSS ALERT: ROSEN, A LONGSTANDING LAW FIRM, Encourages F45 Training Holdings Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – FXLV

NEW YORK, Dec. 15, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of F45 Training Holdings Inc. (NYSE: FXLV) pursuant and/or traceable to the registration statement and related prospectus issued in connection with the Company's initial public offering conducted in July 2021 (the "IPO" or "Offering"). If you wish to serve as lead plaintiff, you must move the Court no later than February 6, 2023.

SO WHAT: If you purchased F45 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 F45 class action, go to https://rosenlegal.com/submit–form/?case_id=9602 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 February 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. 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 contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and was not prepared in accordance with the rules and regulations governing its preparation. Specifically, the offering documents made false and/or misleading statements and/or failed to disclose that: (1) F45's rapid growth strategy was unsustainable, reliant on, among other things, franchisees opening multiple locations in a short period of time and/or dependent on franchisees who required near 100% financing of their operations in order to open for business; and (2) as a result, the offering documents misrepresented and failed to disclose material adverse facts pertaining to the Company's business, operations, and prospects.

To join the F45 Training class action, go to https://rosenlegal.com/submit–form/?case_id=9602 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 8715512)

ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages Torrid Holdings Investors to Secure Counsel Before Important Deadline in Securities Class Action – CURV

NEW YORK, Dec. 15, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Torrid Holdings (NYSE: CURV) pursuant and/or traceable to the Company's initial public offering conducted in July 2021 (the "IPO"), of the important January 17, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Torrid 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 Torrid class action, go to https://rosenlegal.com/submit–form/?case_id=9874 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 17, 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) in the first half of 2021, Torrid had experienced a temporary surge in demand as a result of changed consumer behaviors in response to the COVID–19 pandemic and government stimulus and that such ephemeral demand trends had dissipated and were not internally projected to continue following the IPO; (2) Torrid was suffering from severe supply chain disruptions caused by the emergence of the Delta variant of COVID–19, which had first emerged in May 2021; (3) Torrid was running materially below historical inventory levels as a result of supply chain disruptions; (4) as a result, Torrid did not have sufficient inventory to meet expected consumer demand for its fiscal third quarter of 2021; (5) as a result, late inventory arrival had materially impaired the Company from effectively matching consumer buying trends, creating an undisclosed risk of increased markdowns and promotional activities necessary to sell undesirable inventory; (6) Torrid's CFO planned to retire shortly after the IPO; and (7) as a result of the above, the Registration Statement's representations regarding Torrid's historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, financial results, and trajectory of the Company at the time of the IPO, and were materially false and misleading and lacked a reasonable factual basis.

To join the Torrid class action, go to https://rosenlegal.com/submit–form/?case_id=9874 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 8715585)

Graphenea launches specialty chemical spin-off KIVORO

SAN SEBASTIAN, Spain, Dec. 15, 2022 (GLOBE NEWSWIRE) — Graphenea S.A., a world–leading graphene producer, has launched a spin–off company. KIVORO is a specialty chemicals company that is focused on creating solutions for industrial challenges.

Let's go faster! KIVORO's tagline refers to the agility and speed when collaborating with the company and combined with their keep–it–simple approach they are breathing new life into the specialty chemicals sector. Jeremey Shipp, Sales Director at KIVORO notes, "We are working on complicated industrial challenges, but we're uncomplicated to deal with. We understand our clients are looking for solutions, not problems, and we are a straight–forward, agile organisation."

KIVORO goes beyond graphene, Jess de la Fuente, CEO comments, "KIVORO was spun out to allow us to commercialise our current industrial solutions and move beyond graphene. We will naturally maintain our leading expertise in carbon and nanomaterials, but we are firmly focused on developing the right specialty chemicals for our clients' industrial challenges to bring about operative efficiencies and emissions reduction."

KIVORO works with many industries from construction, coatings, filtration, composites, and others. They have developed several high–performance additives ranging from their Cement Enhancer to Energy Storage, Composites, Adhesives, Rubber Latex, Coatings and beyond. One of their proudest achievements is their net zero status, Jess de la Fuente, CEO commented, "We are relentless in our pursuit of improvements to achieve great results with a positive impact on performance and planet. All our products are carbon neutral and in most cases our products allow our customers to improve their carbon footprint saving money at the same time."

About Graphenea
Graphenea is a technology company created in 2010 specialised in the production of graphene, it has clients in more than 60 countries and offices in San Sebastin (Spain) and Boston (USA). Graphenea supports its customers by producing new forms of graphene from graphene field–effect transistors to graphene oxides, whilst maintaining its leadership in the expanding graphene production sector.

About KIVORO
KIVORO is Graphenea's corporate spin–off and is the culmination of many years working in the additives and nanotechnology sector where they have built up extensive cross industry know–how and expertise in specialty chemicals. KIVORO has been created to enhance and add value to clients' products, by designing the best chemical additive for their application.

Contact Us
info@kivoro.com
www.kivoro.com

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/44bb2fda–55bc–4770–ac27–5bea4b11d156
https://www.globenewswire.com/NewsRoom/AttachmentNg/1d48c8e0–f6bb–42f0–9934–057015eab749
https://www.globenewswire.com/NewsRoom/AttachmentNg/c00a710b–9146–4372–a4ea–7438fa2ce847
https://www.globenewswire.com/NewsRoom/AttachmentNg/4f8a96e2–482b–466b–9064–59b3165446bb
https://www.globenewswire.com/NewsRoom/AttachmentNg/59231d91–7cad–4edc–84c1–159ffe1e6f67


GLOBENEWSWIRE (Distribution ID 1000772584)

FIGS NOTICE: ROSEN, NATIONAL INVESTOR COUNSEL, Encourages FIGS, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FIGS

NEW YORK, Dec. 15, 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 8715510)

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages The Gap, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm – GPS

NEW YORK, Dec. 15, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of The Gap, Inc. (NYSE: GPS) between November 24, 2021 and July 11, 2022, both dates inclusive (the "Class Period"), of the important February 3, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Gap 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 Gap class action, go to https://rosenlegal.com/submit–form/?case_id=6662 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 February 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. 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.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) there were execution missteps in size and assortment at Old Navy related to BODEQUALITY which were adversely impacting Old Navy's margins and financial results; (2) contrary to the Company's statements, there were inventory risks relating to BODEQUALITY that were actually existing that were adversely affecting the Company's operations; and as a result (3) the Company's statements during the Class Period about the historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, and financial results and trajectory of the Company, and were materially false and misleading, and lacked a factual basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Gap class action, go to https://rosenlegal.com/submit–form/?case_id=6662 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 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
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8715565)

ARGO INVESTOR NEWS: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Argo Group International Holdings, Ltd. Investors with Losses to Secure Counsel Before Important December 20 Deadline in Securities Class Action – ARGO

NEW YORK, Dec. 15, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Argo Group International Holdings, Ltd. (NYSE: ARGO) between February 13, 2018 and August 9, 2022, both dates inclusive (the "Class Period"), of the important December 20, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Argo Group 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 Argo Group class action, go to https://rosenlegal.com/submit–form/?case_id=9346 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 20, 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 materially false and/or misleading statements regarding Argo Group's: (1) ability to set appropriate reserves; (2) changing of its underwriting policies; and (3) writing of policies outside of its "core" business. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Argo Group class action, go to https://rosenlegal.com/submit–form/?case_id=9346 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 8715507)

ARGO INVESTOR NEWS: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Argo Group International Holdings, Ltd. Investors with Losses to Secure Counsel Before Important December 20 Deadline in Securities Class Action – ARGO

NEW YORK, Dec. 15, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Argo Group International Holdings, Ltd. (NYSE: ARGO) between February 13, 2018 and August 9, 2022, both dates inclusive (the "Class Period"), of the important December 20, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Argo Group 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 Argo Group class action, go to https://rosenlegal.com/submit–form/?case_id=9346 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 20, 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 materially false and/or misleading statements regarding Argo Group's: (1) ability to set appropriate reserves; (2) changing of its underwriting policies; and (3) writing of policies outside of its "core" business. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Argo Group class action, go to https://rosenlegal.com/submit–form/?case_id=9346 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 8715507)

Hitachi Energy selected as technology partner to support the transmission of renewable power between Canada and the United States

Zurich, Switzerland, Dec. 15, 2022 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced that it has been selected by Hydro–Qubec for its high–voltage direct current (HVDC) technology for the transmission of electricity, which will ensure the sustainability of the energy exchange between the Quebec network, in eastern Canada, and New York State in the northeastern United States.

Hydro–Qubec, the largest hydroelectricity producer in Canada and one of the largest hydroelectricity producers in the world, is a public company that generates, transmits, and distributes reliable, clean and renewable electricity in Qubec. Thanks to its surplus energy, it supplies the Canadian provinces and the northeastern United States.

The Chteauguay HVDC system will enable the transmission of up to 1,500 megawatts of electricity between the electrical networks of Quebec and the state of New York which will contribute to maintaining a low carbon footprint in the region. This new system will replace existing equipment which has been in operation since 1984*1, increasing the efficiency and controllability, plus raising the power conversion capacity of the Chteauguay HVDC system*2 by 50 percent.

*1 Chteauguay "back–to–back" HVDC converter station

*2 Subject to authorization by the Rgie de l'nergie du Qubec of the project to replace the converter units at Chteauguay substation.

"We are proud to be returning to the Chateauguay HVDC station, after helping to build it almost four decades ago," said Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business. "This new system represents an important enhancement to the ability to transmit large–scale hydro power between Canada and the United States, which will support the shift away from fossil fuel."

Hitachi Energy is supplying a "back–to–back" converter station, which converts AC power to DC then reconverts it to AC from DC enabling the interconnection of the 735 kilovolt Canadian and 765 kilovolt New York grids which are "out of phase" and cannot be connected directly via traditional AC systems.

Note to editors:

Hitachi Energy's HVDC solution combines world–leading expertise in HVDC converter valves; the MACH digital control platform*3, which enables renewables integration and manages voltage and frequency disturbances in the grid; converter power transformers and high–voltage switchgear; as well as system studies, design and engineering, supply, installation supervision and commissioning.

*3 Modular Advanced Control for HVDC"(MACH)

HVDC Light is a voltage source converter technology developed by Hitachi Energy. It is the preferred technology for many grid applications, including interconnecting countries, integrating renewables and "power–from–shore" connections to offshore production facilities. HVDC Light's defining features include uniquely compact converter stations and exceptionally low electrical losses.

Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world's HVDC projects.

HVDC website:

https://www.hitachienergy.com/offering/product–and–system/hvdc

– End –

About Hitachi Energy Ltd.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.

https://www.hitachienergy.com

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New Political Agreement Finally Tackles Venezuela’s Social Crisis

The World Food Program has been active in Venezuela since last year, delivering bags of food to families of schoolchildren in some poor areas, such as remote areas accessed by river in the Arismedi municipality, in the southwestern plains state of Barinas. CREDIT: Gabriel Gómez/WFP

The World Food Program has been active in Venezuela since last year, delivering bags of food to families of schoolchildren in some poor areas, such as remote areas accessed by river in the Arismedi municipality, in the southwestern plains state of Barinas. CREDIT: Gabriel Gómez/WFP

By Humberto Márquez
CARACAS, Dec 15 2022 – The social crisis and humanitarian emergency in Venezuela became international headline news again once the government and the opposition, bitter adversaries for two decades, agreed to direct three billion dollars in state funds held abroad to social programs.

When the pact was signed on Nov. 26, renowned nutritionist Susana Raffalli published a photograph of the legs of a girl whose height is eight centimeters shorter than what is appropriate for her age. “I measured her today. Her growth has been irreversibly stunted,” she said.

“Between the first announcement of the social roundtable (meetings to that purpose were already held in 2014) and the one signed today in Mexico, a generation of Venezuelans like her was born. The agreement is not a trophy. It is a commitment to hope,” Raffalli stated.

The Social Agreement signed in Mexico “is an important contribution, which could mean urgent aid for children, the elderly, the disabled and indigenous people, whose situation is extremely critical,” Roberto Patiño, founder of Alimenta la Solidaridad, a network of soup kitchens for children, told IPS.

The resources involved in the agreement are Venezuelan state funds frozen in the United States and European nations that in 2019 refused to accept the re-election of President Nicolás Maduro, in power since 2013, adopted sanctions and recognized opposition lawmaker Juan Guaidó as president.

Now, in talks between the government and the opposition, with the mediation of governments from this region and Norway, an agreement was reached to unfreeze part of the funds and allocate them to social programs under United Nations supervision.

The United States and European countries are participating in the deal as sanctioning parties and the UN as manager of the released funds and social programs covered by them.

“These are absolutely insufficient resources in the face of the crisis, but well-managed they can have a positive impact given the country’s complex humanitarian emergency,” Piero Trepiccione, coordinator of the network of social centers in Latin America and the Caribbean run by the Catholic Jesuit order Society of Jesus, told IPS.

The HumVenezuela Platform, made up of dozens of civil society organizations, has maintained since 2019 that the social situation in this South American country is a complex humanitarian emergency, based on its records on food, water and sanitation, health, basic education and living conditions.

The sharp deterioration in the living conditions in this country over the last decade has gone hand in hand with the decline of the Venezuelan economy – a collapsed oil industry and several years of hyperinflation – whose most visible international consequence has been the migration of seven million Venezuelans.

Renowned nutritionist Susana Raffalli published, as an example of a generation of children born and growing up with malnutrition and other problems in Venezuela, a photograph of the legs of a girl who, the day the government-opposition agreement was reached, was eight centimeters shorter than the appropriate size for her age. CREDIT: Susana Rafalli/Twitter

Renowned nutritionist Susana Raffalli published, as an example of a generation of children born and growing up with malnutrition and other problems in Venezuela, a photograph of the legs of a girl who, the day the government-opposition agreement was reached, was eight centimeters shorter than the appropriate size for her age. CREDIT: Susana Rafalli/Twitter

Barrier against life

In recent years, U.S. sanctions and the political clash with other governments, as in the case of Colombia, a neighbor with which the borders and the transit of people and goods were closed, have had a major impact.

For example, tragedy struck the low-income family of Michel Saraí, a five-year-old girl with pneumonia who was treated at a small hospital in La Fría, a small town in the southwest near the border with Colombia, which lacked the equipment needed for the necessary tests and treatment.

When her health took a turn for the worse on Nov. 30, her parents decided not to take her to the public hospital in the regional capital, San Cristóbal, because they did not have the dozens of dollars charged there to accept patients, who must bring their own supplies and pay for tests.

A Civil Defense ambulance, with fuel donated by a neighbor – gasoline is scarce in the state of Táchira and others – took the girl and her mother some 25 kilometers to the border bridge in the town of Boca de Grita, so that she could be treated free of charge in the cities of Cúcuta or Puerto Santander, on the Colombian side.

With the border formally closed, the Colombian military agreed to receive the ambulance due to the emergency, but the Venezuelan National Guard refused to allow passage of the vehicle carrying the little girl connected to oxygen.

“We had no money to offer them to see if they would let her get through,” the father, Jonathan Pernía, told local reporters a few days later.

In desperation, the mother and an aunt accepted what seemed like the only alternative: disconnecting her from the oxygen, placing her on a wheelbarrow – “as if she were a sack of potatoes,” Pernía lamented – and running with her through the rain to the Colombian side of the bridge, where another ambulance was waiting for them. But the little girl arrived without vital signs.

At the morgue of the hospital in San Cristobal her parents picked up the body. A week later they were still trying to find the money needed to pay the burial expenses.

Jonathan Pernía, the impoverished father of a little girl who died when an ambulance was prevented from crossing the border between Venezuela and Colombia to give her emergency treatment, shows journalists the bill for the funeral expenses, which he has not been able to cover either. CREDIT: Courtesy of Bleima Márquez

Jonathan Pernía, the impoverished father of a little girl who died when an ambulance was prevented from crossing the border between Venezuela and Colombia to give her emergency treatment, shows journalists the bill for the funeral expenses, which he has not been able to cover either. CREDIT: Courtesy of Bleima Márquez

Figures behind the crisis

In Venezuela, poverty – defined as those who cannot afford the basic food basket – currently affects 81.5 percent of the population (90.9 percent in 2021), according to the Living Conditions Survey of the Andrés Bello Catholic University, which surveyed 2300 households throughout the country. This is the first time in seven years that it has gone down, partly attributable to a rebound in the economy and remittances from migrants.

Meanwhile, multidimensional poverty – which takes into account housing, education, employment, services and income – fell from 65.2 percent in 2021 to 50.5 percent in 2022, and extreme poverty dropped from 68 percent in 2021 to 53.3 percent in 2022.

Venezuela is the most unequal country in the Americas, and along with Angola, Mozambique and Namibia is one of the most unequal in the world, as the richest 10 percent earn 70 times more (553.20 dollars per month on average) than the poorest 10 percent (7.90 dollars).

Seven million children are in school, down from 7.7 million in 2019, and an estimated 1.5 million children and adolescents are not in the educational system. Preschool and daycare coverage is just 56 percent.

The survey reported an improvement in formal employment and income this year, with average monthly earnings of 113 dollars for public employees, 142 dollars for the self-employed, and 150 dollars for people working in private sector companies.

As a consequence, food insecurity declined from 88 percent of Venezuelans worried about running out of food in 2021, to 78 percent, while the proportion of people who have gone a whole day without eating dropped to 14 percent, from 34 percent in 2021.

More than 90 percent of poor households have received food assistance from the government -especially carbohydrates- but only one third receive these products monthly.

In health, according to the survey, the use of public services is decreasing (70 percent) and health care is becoming more expensive because, while prices in private clinics are skyrocketing, 13 percent of those who turned to public services had to pay in outpatient clinics and 16 percent in hospitals, and in 65 percent of the cases they had to pay themselves for the medicine that was prescribed for them.

Venezuelan government and opposition negotiators, meeting in Mexico with that country’s Foreign Minister Marcelo Ebrard and Norwegian mediator Dag Nylander, agreed to help address social needs in their country, as a preliminary step to a possible agreement to solving the political crisis. CREDIT: National Assembly of Venezuela

Venezuelan government and opposition negotiators, meeting in Mexico with that country’s Foreign Minister Marcelo Ebrard and Norwegian mediator Dag Nylander, agreed to help address social needs in their country, as a preliminary step to a possible agreement to solving the political crisis. CREDIT: National Assembly of Venezuela

Mexican formula

Jorge Rodríguez, president of the legislative National Assembly and the ruling party’s lead negotiator, said that with the funds released after the agreement reached in Mexico, the infrastructure and materials in 2300 schools will be covered, and the vaccines required in accordance with the World Health Organization (WHO) guidelines will be purchased.

Medicine for oncological and HIV patients will be obtained, radiotherapy programs, blood banks and at least 21 hospitals will be revived, while more than one billion dollars will be allocated to the national electricity grid.

The World Food Program (WFP), meanwhile, which now delivers food to families of 100,000 schoolchildren in poor areas in the north of the country, hopes to raise funds to provide meals to more than one million people by the end of 2023.

According to Trepiccione, of the Jesuit network, resources should be directed “to the recovery of the infrastructure of hospitals and schools, which are in terrible condition, because that generates a chain of jobs, services and economic activity along with the obvious improvements in the provision of health care and the quality of education.”

“The same can be said of reactivating the electrical system, hit by blackouts that affect above all the economy and the life of people in the western part of the country,” he added.

Patiño, from the network of soup kitchens, said priorities were “programs for early childhood care, pregnant women, school feeding, as well as care for the elderly and indigenous communities, segments where many are dying too young due to lack of urgent health care.”

Groups of retirees and pensioners hold constant demonstrations in Caracas and other cities in protest against their tiny pensions, which in Venezuela are equal to the legal minimum wage and this December barely reached the equivalent of nine dollars for the entire month. CREDIT: Courtesy of Efecto Cocuyo

Groups of retirees and pensioners hold constant demonstrations in Caracas and other cities in protest against their tiny pensions, which in Venezuela are equal to the legal minimum wage and this December barely reached the equivalent of nine dollars for the entire month. CREDIT: Courtesy of Efecto Cocuyo

Government pensions, which are equal to the minimum wage, were equivalent to 30 dollars at the beginning of the year, but with the depreciation of the local currency they are equivalent to just nine dollars per month as of this December.

“We must also emphasize that this social agreement is absolutely insufficient in the face of the precarious conditions that exist in our country. These are resources that will be exhausted and the needs will not disappear,” said Patiño.

In his view, “the only thing that can really solve the crisis, the best possible social program, is a decent job, with a sufficient income and with a social security and public health program that takes care of the most needy.”

Funds for the agreement, frozen in banks in industrialized countries, will be released gradually under the supervision of a government-opposition committee and with UN agency management to tender, implement and oversee the programs, in 2023 and 2024.

And over the coming year new meetings will be held and further political agreements are expected, which may lead to an easing or lifting of sanctions and, eventually, to an improvement in the living conditions of Venezuela’s 28 million people.

Borderlands and Bloodbaths: The case of Congo and Ukraine

By Jan Lundius
STOCKHOLM, Sweden, Dec 15 2022 – During November, soldiers of the March 23 Movement (M23) have been approaching Goma in the eastern territory of the Democratic Republic of the Congo (DRC), close to the Rwandan border. About 180.000 people are now leaving Goma, a city with a million inhabitants. Many stakeholders are involved in the conflict and there is an apparent danger that the overall carnage that affected the Congolese eastern border areas fifteen years ago will resume. At the same time, war is ranging in Ukraine, which name likely comes from the old Slavic term for borderland.

Disputed border areas have often been hotbeds for horrific and widespread wars. World War I began with border conflicts between the Austro-Hungarian Empire and Serbia, while World War II was ignited through German allegations of Czech and Polish mistreatment of Germans living on their side of the border. Tensions are constantly brewing along borders between India and Pakistan, Israel and Palestine, Ethiopia and Sudan, Armenia and Azerbaijan – just to mention a few border conflicts present all over the world.

Throughout history, borderlands have suffered from looting, massacres and ethnic violence, generally triggered off by incursions from neighbouring countries, causing chaos and destruction. Borderlands are generally speaking a result of clearly defined borders between European nations, established after the Westphalian Peace Agreements in 1648, ending the Thirty Years’ War, a conflagration between religious factions that devastated Germany, killing 30 per cent of its population.

Before mid-17th century, European borders were quite diffuse. A royal realm had its heartland, a centre from which it could expand through wars, treaties and negotiations. In medieval Europe the more or less undefined areas between different sovereignties were called marks, or marches, words deriving from an Indo-European term meaning edge. A mark/march often served as a buffer zone, more or less independently governed by a marquis/margrave.

As a result of the Westphalian Peace, national borders became demarcated by border markings and lines drawn upon maps. Such boundaries were eventually introduced to the rest of the world. In Africa, border demarcations became common after the Berlin Conference, 1884-1885, when leaders of fourteen European nations and the United States agreed upon a “partitioning” of Africa, establishing rules for amicably dividing resources among Western nations. Notably missing was any representative from Africa.

One of the proclaimed aims of the Berlin Conference was to bring “civilization” to Africa, in the form of free trade and Christianity. Accordingly could King Leopold II of Belgium, by playing the part of a beneficent monarch, succeed in convincing his counterparts that he would personally bring order, faith and prosperity to the heart of Africa. Congo was thus formally recognized as Leopold’s personal possession. An extraordinarily rich territory, with ivory, minerals, palm oil, timber and rubber, was used by Leopold to increase his personal wealth. Missionary stations and trade routes were established, while slave labour extracted the natural resources. If production targets were not met, the autochthonous population risked severe punishment, ranging from having their families held hostage in concentration camps, to torture, the severing of a hand, and eventual execution.

Between 1900 and 1930, European colonial powers completed cartographic surveys of African territories. However, surveys focused solely on land control while disregarding the impact recently established borders might have on the well-being of the original population. Local communities suffered limitations to their daily activities and nomadic practices. Traditional life, administrative structures, and economic safety were negatively affected. Furthermore, colonial rule tended to instigate conflicts. Imposed borders gradually set off hostile relations among borderland dwellers and eventually enabled post-independent governments and political elites to use such divisions for political means.

The sheer size of the territory, which eventually became the Democratic Republic of Congo (DRC), made its governance extremely challenging. This vast nation is about the same size as Western Europe and has 10,500 kilometres of external borders. In the middle of the country is an almost impenetrable and vast jungle area. Border control is largely non-existent, providing neighbouring countries with an opportunity to exert influence into remote peripheries. For many Congolese, it is easier to reach the capital of a neighbouring state than travelling to the capital city, Kinshasa.

As in other areas of the world, people on both sides of Congolese borders exchange goods, spouses, languages and customs. Nevertheless, in spite of all this mixture and exchange, most people living along borders generally continue to be aware of their roots in different cultural settings. Even if they might share a lingua franca, several of them tend to maintain their original language and specific customs. Border communities thus find themselves in a precarious balance, which might be upheld for centuries but also runs the risk of becoming swiftly overturned by armed attacks from national armies, warlords, or hordes of bandits and uprooted former soldiers, as well as massive influxes of refugees.

During the so called First– and Second Congo Wars, and their aftermath, approximately 5.4 million died between 1994 and 2008, deaths mainly caused by disease and malnutrition, though massacres committed by all the warring factions also killed staggering numbers of civilians. Nine African nations and around twenty-five armed groups were involved in the wars. The mayhem began in April 1994, when about 1.5 million Rwandans settled in eastern DRC. These refugees included Tutsis fleeing Hutu mass murderers, and eventually one million Hutus fleeing the Rwandan Patriotic Front’s (RPF) subsequent retaliations.

The shooting down of a plane carrying Rwandan President Juevénal Habyarimana, a Hutu, served as catalyst for a genocide lasting for approximately 100 days. Between 500,000 and 1 million Tutsis and politically moderate Hutus were in Rwanda killed during well-planned attacks, ordered by an interim government. This genocide ended when the Tutsi commanded Rwandan Patriotic Front (RPF) gained control and took over the Rwandan Government, making approximately two million Hutus fleeing across the border into neighbouring Zaire. Estimates of the number of Hutu civilians killed in subsequent revenge massacres by the RPF range from 25,000 to 100,000.

Rwandan incursions into Zaire occurred after years of Congolese internal strife, dictatorship and economic decline. Zaire, as the country was called at the time, was in 1994 a dying State. In many areas, increasingly corrupt state authorities had in all but name collapsed, with infighting militias, warlords, and rebel groups wielding local power.

International response to the Rwandan genocide had been lame and limited, though this time international opinion reacted immediately. Massive relief support was directed to refugees in eastern Zaire. In the meantime, several, heavily armed Rwandan gėnocidaires, genocide perpetrators, organized themselves among Hutu refugees. In their attacks on Banyamulenge, a Tutsi minority who for centuries had been living in Congo, the gėnocidaires were often joined by local militia. Banyamulenge were resented by several Congolese agriculturists, who suspected them of planning to take over their land.

Currently it is the rebel group M23, which is the main aggressor. The rebel group was in 2012, according the UN, created and commanded by the Rwandan army. The Rwandan Government did in 2013 officially cease its support to M23; its members surrendered and were transferred to a refugee camp in Uganda. However, M23 reappeared in 2017, evidently with renewed Rwandan support. The Congolese mayhem is just one example of what might happen in border areas when control and peaceful interaction between neighbours collapse under the pressure of foreign interventions and enter a bloody, anarchic chaos.

Like in central Africa, Ukraine border conflicts have at several occasions triggered massacres and bloody chaos. For more than 500 years, Ukraine was divided and ruled by a variety of external powers, including the Polish-Lithuanian Commonwealth, the Austro-Hungarian Empire, the Ottoman Empire, the Cossack Hetmanate, Poland, the Tsardom of Russia, the Soviet Union and Nazi Germany

From the beginning of the last century to 1921, millions fled Ukraine, including more than 2 million Jews. Ukrainians were killed en masse by Austrians, Poles and warring political factions, while approximately 110,000 Jews were murdered during so called pogroms. Worse was yet to come when Nazi invaders within the same areas murdered approximately 1.7 million Jews. In Nazi-occupied Ukraine, 5.7 million locals died between 1941 and 1945. And now, during Russia’s aggressive invasion, the suffering and slaughter of innocents have been resumed.

The curse of borders, between nations and people, continues to haunt us. To safeguard the future – for our earth and children – we have to learn that general well-being depends on collaboration between nations and peoples, regardless of ethnicity, gender, and ideologies. Wars, like Russia’s ruthless attack on a sovereign nation and the central African mayhem, are crimes against humanity and must be stopped through peaceful solutions. Time is running out and cannot be wasted on armed conquests and bloodshed.

Sources: Stearns, Jason K. (2011) Dancing in the Glory of Monsters: The Collapse of the Congo and the Great War of Africa. New York: PublicAffair and Veidlinger, Jeffrey (2021) In the Midst of Civilized Europe: The Pogroms of 1918-1921 and the Onset of the Holocaust. London: Picador.

IPS UN Bureau

 


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