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GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Hesai Group Investors to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm – HSAI

NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Hesai Group (NASDAQ: HSAI) pursuant and/or traceable to Company's initial public offering conduced in February 2023 (the "IPO"), of the important June 6, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Hesai 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 Hesai class action, go to https://rosenlegal.com/submit–form/?case_id=13347 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 June 6, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, the IPO Registration Statement contained false and/or misleading statements and/or failed to disclose that: (1) Hesai Group's gross margin decrease was caused by a lower in–house utilization rate; (2) Hesai Group's gross margin was 30% for the fourth quarter""which was completed over a month before the date of the amended registration statement; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times and negligently prepared. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Hesai class action, go to https://rosenlegal.com/submit–form/?case_id=13347 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 8813078)

Correção: O filme “O Lobo de Wall Street” lançará uma oferta de NFT, promovida pela Aventus

LONDRES, April 21, 2023 (GLOBE NEWSWIRE) — A Aventus, fornecedora de solues Web3 para empresas, fez uma parceria com os detentores dos direitos cinematogrficos de “O Lobo de Wall Street” e produtores e editores de cinema lderes mundiais para criar a “Experincia O Lobo de Wall Street”: uma srie de lanamentos (drops) de NFT, que tambm atuaro como uma chave para desbloquear partes mais amplas da experincia.

Com uma bilheteria mundial de quase US$ 400 milhes, cinco indicaes ao Oscar, incluindo Melhor Fotografia, e uma entrada no Guinness World Records para a “mais palavres em um filme”, o impacto de O Lobo de Wall Street na cultura popular permanece firme quase uma dcada aps seu lanamento, com memes do filme continuando a gerar milhes de usos.

A Experincia O Lobo de Wall Street dar aos fs do filme e aos entusiastas da Web3 acesso a contedo, recompensas e experincias exclusivos, por meio de uma srie de lanamentos limitados de NFT. Os NFTs contero recursos exclusivos do filme, incluindo novos ngulos de cenas icnicas, assim como roupas autnticas usadas pelo elenco, acessrios e outras lembranas. Alm disso, experincias da vida real e virtuais ocorrero, incluindo uma celebrao do aniversrio em estilo hollywoodiano, em dezembro.

O lanamento est programado para o segundo trimestre de 2023, com benefcios adicionais para os primeiros participantes da comunidade. Mais informaes podem ser encontradas no site oficial: www.wolfofwallstreet.io .

Os NFTs sero criados pela Rede Aventus, neutra em carbono, que uma camada 1 (parachain) em Polkadot "" o que significa que o projeto alavancar todos os benefcios do ecossistema Polkadot, incluindo maior escalabilidade, velocidade, interoperabilidade e segurana. Isso tambm significa que os detentores de NFT podero aproveitar todos os benefcios da interoperabilidade em mais de 50 blockchains, incluindo Ethereum.

Alan Vey, fundador e CEO da Aventus, comentou:”O Lobo de Wall Street um dos filmes mais icnicos, no apenas da cultura popular de forma mais ampla, mas, especificamente, dentro da comunidade blockchain. Estamos entusiasmados por poder trazer este filme para a Web3 e por fazer parte de um momento histrico para a indstria, medida que o setor de grandes sucessos se torna o setor mais recente a perceber os benefcios dos NFTs na construo e engajamento da comunidade”.

Gavin Wood, Fundador da Polkadot & Ethereum, acrescentou: “O ecossistema de parachain da Polkadot visa ajudar os blockchains a atingir seus objetivos, oferecendo escalabilidade melhorada, segurana e interoperabilidade, e maravilhoso ver a Aventus alavancar esse suporte para viabilizar esse projeto verdadeiramente inovador”.

Sobre a Aventus
A Aventus integra empresas Web3, permitindo que elas gerem novos fluxos de receita, aprimorem sua eficincia operacional e preparem seus negcios para o futuro. Com uma experincia combinada de mais de sete dcadas na Web3 e liderana empresarial, a Aventus trabalha com cada empresa para definir o escopo de possveis casos de uso e personalizar um produto no estilo SaaS, assim como manter e gerenciar a soluo "" para que as empresas possam se concentrar no que fazem melhor.

www.aventus.io/

Consultas da mdia:
Ellie Hyman
ellie.hyman@aventus.io


GLOBENEWSWIRE (Distribution ID 1000805446)

Rectification : le film Le Loup de Wall Street lancera l’offre NFT, propulsée par Aventus

LONDRES, 21 avr. 2023 (GLOBE NEWSWIRE) — Aventus, un fournisseur de solutions Web3 pour les entreprises, s'est associ aux dtenteurs des droits cinmatographiques du film Le loup de Wall Street et des producteurs et diteurs de films de renomme mondiale pour lancer l'Exprience du Loup de Wall Street : une srie de gouttes NFT qui serviront galement de cl pour dbloquer des volets plus vastes de l'exprience.

Avec un box–office mondial de prs de 400 millions de dollars, cinq nominations aux Oscars, dont le meilleur film, et une entre dans le livre Guinness World Records pour le plus grand nombre de jurons dans un film, l'impact du Loup de Wall Street sur la culture populaire reste inbranlable prs d'une dcennie aprs sa sortie, les memes du film continuant gnrer des millions d'utilisations.

L'Exprience du Loup de Wall Street permettra aux fans du film et aux passionns du Web3 d'accder du contenu, des rcompenses et des expriences exclusifs via une srie limite de gouttes NFT. Les NFT comporteront des lments exclusifs du film, notamment de nouveaux angles de scnes emblmatiques, ainsi que des tenues authentiques portes par les acteurs, des accessoires et d'autres souvenirs. En outre, des expriences relles et virtuelles seront organises, notamment une clbration de l'anniversaire dans un style hollywoodien en dcembre.

Son lancement est prvu pour le deuxime trimestre 2023, avec des avantages supplmentaires pour les premiers participants de la communaut. De plus amples informations sont disponibles sur le site officiel : www.wolfofwallstreet.io.

Les NFT seront crs par le rseau neutre en carbone Aventus, une couche 1 (parachaine) sur Polkadot, ce qui signifie que le projet tirera parti de tous les avantages de l'cosystme Polkadot, y compris l'volutivit, la vitesse, l'interoprabilit et la scurit accrues. Cela implique galement que les dtenteurs de NFT pourront tirer pleinement parti des avantages de l'interoprabilit sur plus de 50 blockchains, y compris Ethereum.

Alan Vey, fondateur et PDG d'Aventus, a dclar: Le Loup de Wall Street est l'un des films les plus emblmatiques non seulement de la culture populaire en gnral, mais aussi tout particulirement au sein de la communaut des blockchains. Nous sommes ravis de pouvoir prsenter ce film sur le Web3 et de faire partie d'un moment historique pour l'industrie, car la superproduction devient le dernier secteur tirer parti des avantages des NFT dans le renforcement et l'engagement de la communaut.

Gavin Wood, fondateur de Polkadot & Ethereum, a ajout: L'cosystme parachain de Polkadot vise aider les blockchains atteindre leurs objectifs en offrant une volutivit, une scurit et une interoprabilit amliores, et il est rjouissant de constater qu'Aventus a su tirer parti de ce partenariat pour mener bien ce projet vritablement novateur.

propos d'Aventus
Aventus accompagne les entreprises vers les solutions Web3, leur permettant de gnrer de nouvelles sources de revenus, d'amliorer leur efficacit oprationnelle et de prenniser leurs activits. Forte de plus de soixante–dix ans d'exprience en matire de Web3 et de direction d'entreprise, Aventus collabore avec chaque entreprise la dfinition des cas d'utilisation potentiels et la personnalisation d'un produit SaaS, ainsi qu'au maintien et la gestion de la solution, afin que les entreprises puissent se concentrer sur leur mission principale.

www.aventus.io/

Pour les demandes de renseignements des mdias, contactez :
Ellie Hyman
ellie.hyman@aventus.io


GLOBENEWSWIRE (Distribution ID 1000805446)

Berichtigung: Der Film „The Wolf of Wall Street“ startet von Aventus unterstütztes NFT-Angebot

LONDON, April 21, 2023 (GLOBE NEWSWIRE) — Aventus, ein Anbieter von Web3–Lsungen fr Unternehmen, hat sich mit den Inhabern der Filmrechte fr The Wolf of Wall Street und weltweit fhrenden Filmproduzenten und Redakteuren zusammengetan, um die "The Wolf of Wall Street Experience" zu entwickeln: eine Reihe von NFT–Drops, die auch als Schlssel zum Freischalten weiterer Teile des Erlebnisses dienen.

Mit einem weltweiten Einspielergebnis von fast 400 Millionen Dollar, fnf Oscar–Nominierungen, darunter fr den besten Film, und einem Eintrag im Guinness–Buch der Rekorde fr die meisten Schimpfwrter in einem Film ist der Einfluss von The Wolf of Wall Street auf die Populrkultur auch fast ein Jahrzehnt nach seinem Erscheinen ungebrochen, und die Memes des Films werden weiterhin millionenfach verwendet.

"The Wolf of Wall Street Experience" bietet Fans des Films und Web3–Enthusiasten Zugang zu exklusiven Inhalten, Belohnungen und Erlebnissen ber eine Reihe von limitierten NFT–Drops. Die NFTs werden exklusives Material in Zusammenhang mit dem Film enthalten, darunter neue Blickwinkel auf ikonische Szenen sowie authentische Outfits der Darsteller, Requisiten und andere Erinnerungsstcke. Darber hinaus werden reale und virtuelle Erlebnisse stattfinden, darunter eine Feier im Hollywood–Stil zum Jubilum im Dezember.

Der Start ist fr das zweite Quartal 2023 geplant, mit zustzlichen Vorteilen fr frhe Teilnehmer in der Community. Weitere Informationen finden Sie auf der offiziellen Website: www.wolfofwallstreet.io.

Die NFTs werden vom kohlenstoffneutralen Aventus Network erstellt, das eine Layer–1–Blockchain (Parachain) von Polkadot ist. Das bedeutet, dass das Projekt die Vorteile des Polkadot–kosystems voll ausschpfen wird, einschlielich verbesserter Skalierbarkeit, Geschwindigkeit, Interoperabilitt und Sicherheit. Es bedeutet auch, dass NFT–Inhaber in der Lage sein werden, die Vorteile der Interoperabilitt von mehr als 50 Blockchains, einschlielich Ethereum, in vollem Umfang zu nutzen.

Alan Vey, Grnder und CEO von Aventus, kommentierte dies wie folgt: "The Wolf of Wall Street ist einer der ikonischsten Filme nicht nur in der Populrkultur im Allgemeinen, sondern auch in der Blockchain–Community im Besonderen. Wir sind begeistert, dass wir diesen Film ins Web3 bringen knnen und Teil eines historischen Moments fr die Branche sind, da das Segment der Blockbuster der jngste Sektor ist, der die Vorteile von NFTs fr den Aufbau von Communitys und das Engagement nutzt."

Gavin Wood, Grnder von Polkadot und Ethereum, fgte hinzu: "Das Parachain–kosystem von Polkadot zielt darauf ab, Blockchains dabei zu helfen, ihre Ziele zu erreichen, indem es verbesserte Skalierbarkeit, Sicherheit und Interoperabilitt bietet. Es ist wunderbar, zu sehen, wie Aventus diese Untersttzung nutzt, um dieses wirklich bahnbrechende Projekt zu ermglichen."

ber Aventus
Aventus fhrt Unternehmen an Web3 heran und ermglicht es ihnen, neue Einnahmequellen zu erschlieen, die betriebliche Effizienz zu verbessern und ihr Geschft zukunftssicher zu machen. Mit einer kombinierten Erfahrung von mehr als sieben Jahrzehnten in den Bereichen Web3 und Unternehmensfhrung arbeitet Aventus mit jedem Unternehmen zusammen, um potenzielle Anwendungsflle auszuloten und ein SaaS–hnliches Produkt anzupassen sowie die Lsung zu pflegen und zu verwalten "" damit sich die Unternehmen auf das konzentrieren knnen, was sie am besten knnen.

www.aventus.io/

Medienanfragen:
Ellie Hyman
ellie.hyman@aventus.io


GLOBENEWSWIRE (Distribution ID 1000805446)

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages DISH Network Corporation Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – DISH

NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of DISH Network Corporation (NASDAQ: DISH) between February 22, 2021 and February 27, 2023, both dates inclusive (the "Class Period"), of the important May 22, 2023 lead plaintiff deadline.

SO WHAT: If you purchased DISH 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 DISH class action, go to https://rosenlegal.com/submit–form/?case_id=13586 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 May 22, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) DISH overstated its operational efficiency and maintained a deficient cybersecurity and information technology infrastructure; (2) as a result of the foregoing, DISH was unable to properly secure customer data, leaving it vulnerable to access by malicious third parties; (3) the foregoing cybersecurity deficiencies also both rendered DISH's operations susceptible to widespread service outages and hindered DISH's ability to respond to such outages; and (4) as a result, the Company's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the DISH class action, go to https://rosenlegal.com/submit–form/?case_id=13586 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 8813064)

ROSEN, LEADING INVESTOR COUNSEL, Encourages Credit Suisse Group AG Investors with Losses Over $1 Million to Secure Counsel Before Important Deadline in Securities Class Action – CS

NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Credit Suisse Group AG (NYSE: CS) between March 10, 2022 and March 20, 2023, both dates inclusive (the "Class Period"), of the pendency of a securities class action lawsuit. The Class Period was expanded to include more investors. If you wish to serve as lead plaintiff, you must move the Court no later than May 8, 2023.

SO WHAT: If you purchased Credit Suisse 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 Credit Suisse class action, go to https://rosenlegal.com/submit–form/?case_id=12359 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 May 8, 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) contrary to Defendant Lehmann's representations in December 2022, the sharp increase in customer outflows Credit Suisse began experiencing in October 2022 remained ongoing; (2) accordingly, Credit Suisse had downplayed the impact of the Company's recent series of quarterly losses and risk and compliance failures on liquidity and its ability to retain client funds; (3) as a result, Credit Suisse had overstated the Company's financial position and/or prospects; and (4) as a result, the Company's public statements were materially false and misleading at all relevant times.

To join the Credit Suisse class action, go to https://rosenlegal.com/submit–form/?case_id=12359 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 8813058)

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

NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of GWG Holdings, Inc. L Bonds or Preferred Stock of GWG ("GWG securities") (OTC: GWGHQ) between December 23, 2017 and April 20, 2022, both dates inclusive (the "Class Period"), of the important June 2, 2023 lead plaintiff deadline.

SO WHAT: If you purchased GWG 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 GWG class action, go to https://rosenlegal.com/submit–form/?case_id=14048 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 June 2, 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) they intended to misappropriate GWG assets; (2) GWG's life insurance investment business had failed; and (3) GWG could only repay prior investors by issuing increasing amounts of securities to new investors. In essence, Defendants had turned GWG into a Ponzi scheme. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the GWG class action, go to https://rosenlegal.com/submit–form/?case_id=14048 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 8813053)

ROSEN A LEADING AND RANKED FIRM, Encourages BurgerFi International, Inc. f/k/a Opes Acquisition Corp. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – BFI, OPES

NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of BurgerFi International, Inc. f/k/a Opes Acquisition Corp. (NASDAQ: BFI, OPES) between December 17, 2020 and November 15, 2022, both dates inclusive (the "Class Period"), of the important June 5, 2023 lead plaintiff deadline.

SO WHAT: If you purchased BurgerFi 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 BurgerFi class action, go to https://rosenlegal.com/submit–form/?case_id=14148 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 June 5, 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, defendants made false and/or misleading statements and/or failed to disclose that: (1) BurgerFi had overstated the effectiveness of its acquisition and growth strategies; (2) BurgerFi had misrepresented to investors the purported benefits of Anthony's Acquisition and its post–Business Combination business and financial prospects; and (3) as a result, BurgerFi's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the BurgerFi class action, go to https://rosenlegal.com/submit–form/?case_id=14148 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.

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No Parent Should Ever Be in the Position We Find Ourselves, Say Mothers of LGBTQ+ People in Uganda

Activists from Freedom and Roam Uganda launch LGBTQI+ campaigns, My Body is Not a Battlefield and Break the Chains, Stop Violence campaigns. Credit: Wambi Michael/IPS

Activists from Freedom and Roam Uganda launch LGBTQI+ campaigns, My Body is Not a Battlefield and Break the Chains, Stop Violence campaigns. Credit: Wambi Michael/IPS

By Wambi Michael
KAMPALA, Apr 21 2023 – The mothers of LGBTQ+ individuals in Uganda have taken a stand against Bill passed by the Ugandan Parliament proposing the death penalty for aggravated homosexuality, life imprisonment for the “offense of homosexuality,” and up to 20 years in jail for promoting homosexuality.

This stance is considered rare for Uganda and Africa, where Human Rights Watch says 33 countries still criminalize homosexuality. And there is concern that because of the success of the Ugandan Bill, other African countries could be encouraged to intensify targeting the anti-LGBTQ+ community.

Mawethu Nkosana Nkolomba, the Crisis Response Fund Lead/LGBTI Advocacy Lead at CIVICUS, told IPS that the passing of the Bill in Uganda was not an isolated incident. “There is a threat of LGBTI civil society groups being targeted soon in Kenya, and because of what just happened in Uganda, there are fears of the LGBTI bill coming back in full force. Niger – has a similar bill being tabled.” 

“So is Tanzania – the targeting of LGBTI and feminist groups are under target (anal testing), Ghana – has a similar bill as Uganda, Burundi – (is experiencing) a new wave of arrests of LGBTI groups, the situation of LGBTI groups in Tunisia and Algeria is worsening, in Egypt, police are using queer apps to target the LGBTI community – so definitely there is a trend,” Nkolomba says in an interview with IPS.

Activist Eric Ndaula says the issue is that homophobia is a pervasive mindset – with politicians, religious leaders, and even family taking a stance against it. “They tell us that homosexuality is wrong; it’s an abomination.”

When the Ugandan Parliament passed the Bill on March 21, 2023, without asking for anonymity, Jane Nasimbwa, Sylvia Nassuna, Janet Ndagire, Patricia Naava, Jackie Nabbosa Mpungu, Florence Matovu Kansanze, Josephine Amonyatta, and Shamim Nakamate openly identified themselves as mothers of LGBTQ+ individuals.

Their “Open Letter to President Museveni from Mothers of LGBTQ+ Individuals,” – republished by the Monitor, surprised many.

“As parents of LGBTQ+ individuals, we are not ‘promoters’ of any agenda; we are Ugandan mothers, who have had to overcome many of our own biases to fully understand, accept, and love our children,” reads the letter.

The women expressed fear that their children were likely to be targets of mob violence, which they noted was a direct consequence of living in a country whose legislators are “recklessly” legalizing homophobia and transphobia with the Anti-Homosexuality law.

“We, too, did not choose to be parents of LGBTQ+ children, but we have chosen to love our children for who they are. As parents, we all desire and work to ensure that our children are healthy, well-educated, successful, and fulfilled in both their professional and personal lives.”

The letter was shared on Twitter by Dr Catherine Kyobutungi, a feminist and The Executive Director of the African Population and Health Research Center, sparking an online debate.

They requested President Yoweri Museveni not to assent to the Anti-Homosexuality Bill, saying they could no longer stand on the sidelines and watch as their children continued to be bashed and threatened in such a dangerous and deliberate manner.

Will President Museveni Listen?

There are doubts about whether Museveni, who previously signed the Anti-Homosexuality Bill into law in 2014, will heed the mothers’ call – even though he has sent the Bill back to parliament for amendment.

In a press statement released on April 20, 2023, which quoted him as saying: “Be ready to sacrifice to fight homosexuals,” he also noted: “It is good that you rejected the pressure from the imperialists. Those imperialists have been messing up the world for 600 years, causing so much damage.”

The Bill is to be returned not because of a change in sentiment but because Attorney General Kiryowa Kiwanuka said the Bill in its current form criminalizes even those who voluntarily come out to having “practiced homosexuality” and need to be helped.

He proposed a provision for amnesty for this group.

Museveni has been quoted several times that those behind the criticism of the Bill were associated with Europeans – and he has expressed anti-homosexuality sentiments in several other addresses since then.

“There is some issue with these Europeans. They don’t listen; we have been telling them that this problem of homosexuality is not something that we should normalize and celebrate,” Museveni said. “I told them that there were some few homosexuals before Europeans came here … But now the Europeans want to turn the abnormal into normal and force it on others.”

After the Bill was enacted, Museveni addressed a meeting of members of Parliament from 22 African countries and the UK. He repeated that homosexuality was a deviation, adding that it was more dangerous than drugs.

In February 2014, President Museveni appointed a committee of scientists to determine whether there was a scientific or genetic basis for homosexuality and whether it could be learned and unlearned.

While the committee recommended a further study, it observed that homosexuality existed throughout history.

‘Blatant Violation of Rights’

Dr Zahara Nampewo, a lecturer at the Makerere University’s School of Law and Director of the Human Rights and Peace Centre (HURIPEC), speaking at a debate a day after the Bill was passed, said there were far-reaching implications of the law.

“We have raised our voices of concern over issues such as the blatant violation of rights such as the presumption of innocence, the right to a non-derogable right to a fair trial,” Nampewo says. “We have been calling for laws to protect children against child abuse; we have been calling for the marriage bill. Why now, in a period of a month, has (this) law been passed?”

The mover of the Bill, Asuman Basalirwa, told IPS that they had planned to table the Bill since August 2022, but it was only in late February that the Speaker granted them space on the order paper.

“The issue of recruitment, promotion, and financing of homosexuality. You don’t provoke a community like that. If those people were doing their things quietly, nobody would be bothered, but you see, you are going into our schools, you are attacking our children. And you want us to look on?”

Asked why a particular stance to criminalize LGBTQ+ persons, Basalirwa told IPS that the criminalization of homosexuality is not a new phenomenon. “It is the colonialists who first brought here a law on homosexuality section 145 of the penal code. This is intended to be a penal law. So you want a penal law that doesn’t criminalize it,” he asked.

Timing of Passing the Bill

Some critics have argued that the Bill was rushed by Speaker of Parliament Anita Among and her deputy Thomas Tayebwa because those behind it wanted it to be passed before an Inter-Parliamentary Conference on family values under the theme “Protecting African Culture and Family Values.”

The two-day conference was held on the shores of Lake Victoria from March 31 to April 1, 2023. It was attended by leaders of Family Watch International (FWI) officials. FWI is a US Christian organization described by civil rights activists as a “hate group, which opposes comprehensive sexuality education.” Delegates from FWI included Sharon Slater, who told the conference that: “We are on fire, and we must stop this culture of imperialism that is destroying our children.” Slater and her team, which included Henk Jan van Schothorst, the Executive Director at Christian Council International, and Gregg Scot, a US attorney, met Museveni and his wife, Janet Museveni, at State House Entebbe.

‘Victimless Offense’ 

But Dr Adrian Jjuuko, Executive Director at Human Rights Awareness and Promotion Forum – Uganda (HRAPF), disagrees with Basalirwa about the timing of the enactment of the Bill.

“This is a campaign that has been going on for years. And it is not just a Ugandan campaign. This is an international campaign,” said Jjuuko, whose organization provides legal aid to LGBTQI+ persons.

Jjuuko, whose organization has allegedly been listed by Uganda’s NGO Bureau among Civil Society groups likely to be closed, told IPS that the offenses suggested in the laws are victimless because the relationships were consensual. “If you have a victimless offense, why do you have to criminalize a victimless offense? Nobody is complaining; there’s no harm. Harm to who? To Hon Basalirwa?”

The Bill limits the offense of homosexuality to sexual acts between persons of the same sex. The offense is punishable by life imprisonment, up to ten years. It also provides for the offense of aggravated homosexuality.

“If you look at the provision on the promotion of homosexuality. It essentially bans what we do as lawyers. So as a lawyer, you cannot represent an LGBTQ+ person because that will be seen as a promotion of homosexuality,” Jjuuko says.

The law suggests several punishments, including the death penalty for being a repeat offender and life imprisonment.

“Repeat offender means if you are convicted of being gay twice, you die for that. Having consensual sex when you are HIV-positive, you die for that; if you have sex with a person of the advanced age of 75 years, you die for that regardless of whether it is consensual.”

Jjuuko observes, “If you wanted to fight pedophilia, sexual orientation is not what you go for. What you go for is the crime that you are interested in fighting.”

NGOs suspected of promoting homosexuality risk a fine of one billion shillings (over $264,000) or face twenty years in prison.

Restrictions, threats, and the vilification of sexual minorities in Uganda preceded the passing of the Anti-Homosexuality Bill. In August 2022, the civil society organization Sexual Minorities Uganda (SMUG) was banned by the Ugandan National Bureau (the NGO Bureau for Non-Governmental Organizations) because it was not registered. In 2012 the NGO Bureau rejected an application by SMUG to have it registered because the organization was “undesirable and un-registrable.”

Asuman Basalirwa, the mover of the Bill, and fellow Parliamentarians argued that the country needs the law to protect children from promoters of homosexuality. But Jjuuko, in an interview with IPS, said that it was a misplaced sentiment.

“If you talk about children, the biggest threat to our children is not homosexuality. The biggest threat to children is heterosexuality. Because if you look at the annual police crimes report, over ten thousand cases of defilement of girls by men. And there were only 83 cases of unnatural carnal knowledge (as the offense is described in the bill) against the order of nature.”

The Bill is Retrogressive

Many have observed that the Bill is retrogressive and will worsen the HIV situation in Uganda as it would deny LGBTIQ+ persons, who are key populations, access to HIV services.

The Bill came after PEPFER Uganda, in collaboration with the Ministry of Health in Uganda, the Uganda AIDS Commission, conducted a legal and environmental assessment of HIV/AIDS and key populations. The evaluation had recommendations to ensure an enabling environment to move the course toward epidemic control.

PEPFAR Uganda Country Coordinator, Mary Borgman, told IPS, “We need to ensure that the human rights of all key populations are respected regardless of who we are. And this is our primary objective to ensure that we provide services to all people. That is stigma and discrimination-free.”

While South Africa’s Constitution is hailed for being the first in the world to prohibit unfair discrimination based on sexual orientation, LGBTQ+ people still experience violence. Human Rights Watch noted that in 2021 at least 24 people were murdered due to their sexual orientation.

More concerning is the decision of an independent expert body within the African Union (AU), the African Commission of Human and Peoples’ Rights, to reject the three NGOs’ observer status to three NGOs.

Frans Viljoen, Director and Professor of International Human Rights Law, Centre for Human Rights, University of Pretoria, argues in the Conversation that the rejection of Alternative Côte d’Ivoire, Human Rights First Rwanda and Synergía “casts a shadow over the commission’s commitment to advancing the rights of all Africans. It also seriously erodes its independence from AU states … The denial of observer status means the NGOs will not have a voice before the African Commission. They will not be able to draw its attention to the human rights violations of LGBTQ+ people in Africa.”

 

IPS UN Bureau Report

 


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Where do Bangladesh’s “New” Poor Fit in?

Credit: UNDP Bangladesh

By Nuzhat Fatima
DHAKA, Bangladesh, Apr 21 2023 – The world is becoming increasingly coexistent with crises. A pandemic, the Ukraine-Russia war, and cost-of-living crisis are only a few of the ordeals we’ve seen in just the last two years.

As is characteristic of such crisis settings, those already marginalized are further pushed back, augmenting existing barriers to accessing services, resources and opportunities.

The UN’s Sustainable Development Goals centered around leaving no-one behind become all the more difficult to achieve.

Crisis settings are now leading to a worrying trend where those not categorically marginalized are becoming increasingly vulnerable. The World Bank estimates that the COVID-19 pandemic pushed 71-100 million people into extreme poverty, giving rise to the “new poor”, those above the poverty line pre-pandemic who fell below the marker during it.

Against this backdrop, identifying vulnerabilities for development assistance becomes an exponentially more difficult – yet necessary process.

In Bangladesh, around 20 percent of the population was below the poverty line before 2020. This figure has increased substantially since, and is becoming a phenomenon less temporary than expected. In accurately identifying the vulnerabilities of such groups, conventional, income-centred measures of poverty may fall short.

Policy measures must therefore be dispensed using tools that can effectively deal with a range of vulnerabilities, beyond income.

One is the Multidimensional Poverty Index (MPI), which captures deprivations in non-monetary dimensions of wellbeing, utilizing a range of indicators in calculating poverty levels for a particular population. Poverty levels are then represented by an MPI score. The higher the figure, the greater the level of poverty.

To see whether multidimensional approaches to addressing vulnerability could potentially be more helpful during crises the Research Facility at the UNDP Bangladesh country office analyzed data from its “Livelihoods Improvement of Urban Poor Communities” (LIUPC) project.

This is a poverty reduction programme covering four million urban poor in 19 Bangladeshi cities, and employs the MPI metric to identify deprivation levels of potential beneficiaries. Conditional cash grants are provided to help eligible MPI-poor households start a business or expand an existing one.

These households also received COVID-19 relief in the form of cash, food, or preventive materials as unconditional support, separate from grants intrinsically part of the project.

A study presented in a recent UNDP Development Futures Series brief compared the before-and-during COVID MPI figures of the beneficiary group with two other household categories – MPI-poor non-grantee households, and vulnerable MPI non-poor households. The detailed methodology and results of the study can be seen here.

Some of the findings from the study were intuitive, business grants disbursed by the project generally helped poor households reduce their multidimensional poverty levels, despite the pandemic.

Far more interesting however were the rather less intuitive policy insights from the analysis:

Consider vulnerable non-poor groups in development programming.

The study’s findings corroborated the emergence of the “new poor”. Households with MPI scores not high enough to be eligible for grants (but still vulnerable, just below the MPI poverty threshold) experienced on average an increase in their multidimensional poverty levels during the pandemic.

People in these categories usually remain outside the purview of emergency policy measures, having not met eligibility requirements of being “poor” under normal circumstances. As such, their vulnerabilities remain unaddressed and are exacerbated during crises.

Cash support helps vulnerable groups during crises.

Findings suggest that the improvement in MPI levels was concentrated amongst the poor groups, including non-grant receivers, while the vulnerable group, who did not receive grants, saw poverty levels deteriorating.

The latter group barely received cash support even in the form of COVID-19 relief, unlike the poor groups. This suggests that in crisis situations, households that receive unconditional cash support may be able to use it to improve living conditions in the immediate term, including households that are not the neediest judging solely by MPI score, but are still vulnerable and at-risk during crises.

Context-specific MPI can complement income-based poverty measures.

Increases or decreases in a household’s MPI score may obscure changes in households with specific vulnerabilities, such as members with disabilities, members belonging to a particular age group, or geographical and regional characteristics.

Despite an overall decline in MPI scores amongst poor households who received grants, the improvement in multidimensional poverty was not reflected for grantee households with disabled members.

Thus, the use of a uniform MPI metric in programming, irrespective of variations in local contexts, also risks overlooking specific needs of vulnerable communities.

Understanding multidimensional poverty would greatly benefit from dynamic data.

The study used static data which cannot account for real-time changes occurring after collection. In this case, if the data had been dynamic and could be updated during the pandemic, the project may have been able to identify beneficiaries and discern the nature of relief needed more appropriately.

Nuzhat Fatima is a Research assistant at UNDP Bangladesh.

IPS UN Bureau

 


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