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AXSM FINAL DEADLINE ALERT: ROSEN, A LEADING LAW FIRM, Encourages Axsome Therapeutics, Inc. Investors to Secure Counsel Before Important December 7 Deadline in Securities Class Action – AXSM

NEW YORK, Nov. 24, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds investors of the common stock of Axsome Therapeutics, Inc. ("Axsome") (NASDAQ: AXSM) of the reopening of the lead plaintiff appointment process in a class action lawsuit against Axsome and certain of its officers. The Class Action, filed in the United States District Court for the Southern District of New York, and docketed under 22–cv–03925 (LGS), is proposed to be brought on behalf of a Class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Axsome common stock between May 10, 2021 and April 22, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by defendants' violations of the federal securities laws. Excluded from the proposed Class will be any persons who sold all of the shares acquired during the Class Period prior to April 25, 2022. If you wish to serve as lead plaintiff, you must move the Court no later than December 7, 2023.

SO WHAT: If you purchased Axsome common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Axsome class action, go to https://rosenlegal.com/submit–form/?case_id=2221 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] or [email protected] 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 7, 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. 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 proposed Second Amended Complaint, defendants made false and/or misleading statements and/or failed to disclose that: (1) Axsome's chemistry, manufacturing, and control ("CMC") practices were deficient with respect to AXS–07 and its manufacturing process; (2) Axsome was unable to resolve these CMC problems or complete stability studies on additional batches of AXS–07 before it belatedly (after repeated delays in the initially represented timeline) submitted its AXS–07 New Drug Application ("NDA") in June 2021; (3) accordingly, the U.S. Food and Drug Administration was unlikely to approve the AXS–07 NDA; (4) as a result of all the foregoing, Axsome had overstated AXS–07's regulatory and commercial prospects; and (5) as a result, defendants' 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 Axsome class action, go to https://rosenlegal.com/submit–form/?case_id=2221 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] or [email protected] 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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8984058)

BCS NOTICE: ROSEN, THE FIRST FILING FIRM, Encourages Barclays PLC Investors to Secure Counsel Before Important Deadline in Securities Class Action – BCS, BCLYF

NEW YORK, Nov. 24, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Barclays PLC (NYSE: BCS) (OTC: BCLYF) between July 22, 2019 and October 12, 2023, both dates inclusive (the "Class Period"), of the important January 2, 2024 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Barclays 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 Barclays class action, go to https://rosenlegal.com/submit–form/?case_id=19796 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] or [email protected] 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 2, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. 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) contrary to false public assertions, Barclays's now–former group chief executive James "Jes" Staley ("Staley") had a very close relationship with Jeffrey Epstein ("Epstein"); (2) Staley was reportedly aware of Epstein's criminal activities and may have even sexually assaulted a victim who had previously been trafficked by Epstein; (3) Staley's close, personal relationship with Epstein, and potential criminal activity, if discovered, could bring reputational, legal, and financial harm to Barclays; (4) as a result, Barclays's response to the British Financial Conduct Authority's ("FCA") inquiry regarding Staley's relationship with Epstein was materially false; (5) Barclays, having become aware of information contradicting its response to the FCA's inquiry, then failed to update the response so that it would be accurate, or otherwise take any meaningful action; and (6) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Barclays class action, go to https://rosenlegal.com/submit–form/?case_id=19796 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] or [email protected] 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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8984049)

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Generac Holdings Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – GNRC

NEW YORK, Nov. 24, 2023 (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 common stock of Generac Holdings Inc. (NYSE: GNRC) between May 3, 2023 and August 3, 2023, both dates inclusive (the "Class Period"). 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 22, 2024.

SO WHAT: If you purchased Generac 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 Generac class action, go to https://rosenlegal.com/submit–form/?case_id=20599 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] or [email protected] 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 22, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. 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 complaint alleges that on August 2, 2023, Generac held its Q2 2023 earnings call where President and Chief Executive Officer ("CEO") Aaron P. Jagfeld revealed lackluster quarterly results, including a $1 billion sales decrease year–over–year and that residential sales decreased 44%. When explaining that decline, Jagfeld contradicted his May statements discounting macroeconomic trends. He said, "[the Company] underperformed our expectations as a result of the shift in consumer spending patterns," thus admitting the importance of inflation on consumer spending. Consequently, Jagfeld advised investors, "this weaker than previously expected demand environment is expected to persist in the second half of the year, also contributing to our lower outlooked for residential product sales." As a result, Generac's share price dropped. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Generac class action, go to https://rosenlegal.com/submit–form/?case_id=20599 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] or [email protected] 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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8983999)

ROSEN, A LEADING LAW FIRM, Encourages DermTech, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – DMTK

NEW YORK, Nov. 24, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of DermTech, Inc. (NASDAQ: DMTK) between May 3, 2022 and November 3, 2022, both dates inclusive (the "Class Period"), of the important December 15, 2023 lead plaintiff deadline.

SO WHAT: If you purchased DermTech 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 DermTech class action, go to https://rosenlegal.com/submit–form/?case_id=19995 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] or [email protected] 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 15, 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/or misleading statements, as well as failed to disclose material adverse facts about DermTech's business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) DermTech experienced challenges with collections from commercial payors; (2) as a result, there was a lower average selling price for DermTech's DermTech Melanoma Test ("DMT"); (3) as a result of the foregoing, DermTech's revenue growth would be adversely impacted; and (4) as a result of the foregoing, defendants' positive statements about DermTech's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the DermTech class action, go to https://rosenlegal.com/submit–form/?case_id=19995 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] or [email protected] 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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8983990)

ROSEN, A LEADING LAW FIRM, Encourages FMC Corporation Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – FMC

NEW YORK, Nov. 24, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of FMC Corporation (NYSE: FMC) between November 2, 2022 and October 20, 2023, both dates inclusive (the "Class Period"), of the important January 8, 2024 lead plaintiff deadline.

SO WHAT: If you purchased FMC 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 FMC class action, go to https://rosenlegal.com/submit–form/?case_id=17626 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] or [email protected] 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 8, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. 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, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) the diminishment of patent protection for FMC's flagship products following legal defeats in key markets including India, China, and Brazil had opened the door to increased competition from generics; (2) FMC repeatedly mislead investors about the status of such proceedings and falsely claimed that it did not and would not face generic competition in key markets until 2026 at the earliest; and (3) because of these issues defendant's positive statements about the FMC's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the FMC class action, go to https://rosenlegal.com/submit–form/?case_id=17626 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] or [email protected] 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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8983983)

SLRN NOTICE: ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages ACELYRIN, INC. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SLRN

NEW YORK, Nov. 24, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of ACELYRIN, INC. (NYSE: SLRN) between May 4, 2023 and September 11, 2023, both dates inclusive (the "Class Period"), of the important January 16, 2024 lead plaintiff deadline.

SO WHAT: If you purchased ACELYRIN 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 ACELYRIN class action, go to https://rosenlegal.com/submit–form/?case_id=20478 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] or [email protected] 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 16, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) izokibep was less effective in treating Hidradenitis Suppurativa ("HS") than defendants had led investors to believe; (2) accordingly, ACELYRIN overstated izokibep's clinical and/or commercial prospects; (3) as a result, ACELYRIN also overstated the Company's business prospects post–IPO; 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 ACELYRIN class action, go to https://rosenlegal.com/submit–form/?case_id=20478 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] or [email protected] 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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8984055)

Africa Will Not Cope with Climate Change Without a Just, Inclusive Energy Transition

Climate change impact on Africa has been devastating as this photo taken in the aftermath of Cyclone Idai in Mozambique shows. A just transition is needed. Credit: Denis Onyodi / IFRC/DRK

Climate change impact on Africa has been devastating as this photo taken in the aftermath of Cyclone Idai in Mozambique shows. Credit: Denis Onyodi / IFRC/DRK

By Joyce Chimbi
NAIROBI, Nov 24 2023 – A just transition should be viewed as an opportunity to rectify some of the wrongs where women are not prioritised in the energy mix, yet their experience of the impact of climate change is massive, says Thandile Chinyavanhu, a young South African-based climate and energy campaigner with Greenpeace Africa.

Recent UN scientific research on the state of the climate change crisis and ongoing climate action reveals that the window to reach climate goals is rapidly closing. The world is not on track to reach the goals set out in the Paris Agreement, which commits all countries to pursue efforts to limit the global temperature increase to 1.5°C above pre-industrial levels.

To achieve this goal, emissions must decrease by 45% by 2030 and reach net zero by 2050. Ahead of COP28 in Dubai, United Arab Emirates (UAE), expectations are high that a clear roadmap to net zero progress will be reached, bringing issues of energy, a global energy transition, and energy security into sharp focus.

The energy sector has a significant impact on climate as it accounts for an estimated two-thirds of all harmful greenhouse gas emissions. The burning of fossil fuels is the primary cause of the ongoing global climate change crisis, significantly altering planet Earth. The issue of energy and climate is of particular concern to African countries, especially the Sub-Saharan Africa region, as they also relate to increased vulnerabilities for women, especially rural women. The intersection between energy security and economic growth, poverty reduction, and the empowerment of women and girls is not in doubt.

Still, despite access to reliable, affordable, and sustainable energy for all being articulated under the UN’s SDG 7, one in eight people around the world has no access to electricity. In sub-Saharan Africa alone, nearly 600 million people, or an estimated 53 percent of the region’s population, have no access to electricity. Currently, less than a fifth of African countries have targets to reach universal electricity access by 2030. For some, the silver bullet is to dump fossil fuels and go green; for others, it is an urgent, just, and equitable transition to renewables.

IPS spoke to Chinyavanhu about her role as a social justice and climate activist. She says she wants to contribute to climate change mitigation, ensuring that people and cities are prepared for climate change and can adapt to what is coming.

Thandile Chinyavanhu

Thandile Chinyavanhu

Here are excerpts from the interview.

IPS: Why are current energy systems untenable, considering the ongoing climate change crisis?

Chinyavanhu: On going green and dumping fossil fuels, there are several issues at play, and they vary from country to country. Fossil fuels—coal, oil, and gas—are by far the largest contributors to global climate change, as they account for more than 75 percent of global greenhouse gas emissions and nearly 90 percent of all carbon dioxide emissions. South Africa, for instance, has a big coal mining industry and is one of the top five coal-exporting countries globally. The country relies heavily on coal for about 70 percent of its total electricity production. We need to move away from energy consumption models that are exacerbating the climate crisis, but we must also ensure that we are centred on a just transition.

IPS: What should a ‘just energy transition’ look like for Africa and other developing nations?

Chinyavanhu: Overall, we are looking at issues of socio-economic development models that leave no one behind. To achieve this, renewable energy is the pathway that provides us with energy security and accelerated development. We have serious energy-related challenges due to a lack of preparation and planning around the energy crisis. The challenge is that Africa needs energy and, at the same time, accelerates its development in a manner that leaves no one behind, be it women or any other vulnerable group that is usually left behind in policy responses.

There is a need to address challenges regarding access to energy for all so that, in transitioning to clean energy, we do not have any groups of people being left behind, as has been the case. This is not so much a problem or challenge as an opportunity for countries to address gaps in access to energy and ensure that it is accessible to all, especially women, bearing in mind the many roles they play in society, including nurturing the continent’s future workforce. A just energy transition is people-centred.

We must recognise and take stock of the economic impact that moving from fossil fuels to clean energy could have on people and their livelihoods, such as those in the mining sector. It is crucial that people are brought along in the process of transition, giving them the tools and resources needed for them to be absorbed into new clean energy models. There is a very deep socio-economic aspect to it because people must be given the skills and capacities to engage in emerging green systems and industries.

IPS: As a young woman activist, what do you think the roles of women in an energy transition are?

Chinyavanhu: Women are generally not prioritised, and so they do not have the same opportunities as men, even in matters of climate change adaptation and mitigation, and this is true for sectors such as agriculture and mining. Women have great economic potential and have a very big role to play towards a just energy transition as key drivers of socio-economic progress.

In the green energy space, economic opportunities are opening up. Men are quickly taking over the renewable energy industry, but there are plenty of opportunities for women to succeed if given the right resources. We are at a point in time when we have the opportunity to leave behind polluting technologies and, at the same time, address some of the key socio-economic challenges that have plagued societies for a long time.

This transition should be viewed as an opportunity to rectify some of those wrongs in a way that is people-centred and inclusive. No one should be left behind. It is really about building harmony with nature while also addressing many of the socio-economic issues that plague us today. This is more of an opportunity than a hurdle. It is about understanding and rectifying systems’ thinking that contributes to women being left behind. It is important that we see the bigger picture—identify and acknowledge that different groups—not just women, but any identifier that places people at a point of vulnerability—have been left furthest behind. The energy transition process has presented an opportunity to make it right.
IPS UN Bureau Report

 


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Latin America Still Has a Long Way to Go to Eliminate Gender Violence

"He who loves does not kill, does not humiliate or mistreat" reads a poster carried in a protest against violence against women in Lima, the capital of Peru, which is part of a slogan repeated in demonstrations against femicides and other forms of sexist violence in Latin America. CREDIT: Mariela Jara / IPS

“He who loves does not kill, does not humiliate or mistreat” reads a poster carried in a protest against violence against women in Lima, the capital of Peru, which is part of a slogan repeated in demonstrations against femicides and other forms of sexist violence in Latin America. CREDIT: Mariela Jara / IPS

By Mariela Jara
LIMA, Nov 24 2023 – “The Latin American and Caribbean region has made many advances in the fight against gender violence, but now we are facing reactions that show that our rights are never secure and that we must always be on the alert to defend them,” said Susana Chiarotti, a member of Mesecvi’s Committee of Experts.

The Committee of Experts is the technical body of the Follow-up Mechanism to the Inter-American Convention on the Prevention, Punishment and Eradication of Violence against Women (Mesecvi), known as the Convention of Belem do Para, which will celebrate its 30th anniversary in force in the countries of the region in 2024. The committee is made up of independent experts appointed by each state party.

Chiarotti summed up the regional situation of progress and setbacks in a conversation with IPS from her home in the Argentine city of Rosario, ahead of the United Nations’ Day for the Elimination of Violence Against Women, commemorated on Saturday, Nov. 25.

Gender violence violates the human rights of one in four women in this region with an estimated female population of 332 million, 51 percent of the total, and escalates to the extreme level of femicide – gender-based murders – which cost 4050 lives in 2022, according to figures confirmed Friday, Nov. 24 by the Gender Equality Observatory for Latin America and the Caribbean.

Likewise, UN Women‘s regional director for the Americas and the Caribbean, María Noel Vaeza, told IPS from Panama City that the emblematic date seeks to draw the attention of countries to the urgent need to put an end to violence against women once and for all by adopting public policies for prevention and investing in programs to eliminate it.

She pointed out that Nov. 25 is the first of 16 days of activism against gender-based violence, which run through Dec. 10, Human Rights Day.

Vaeza said that less than 40 percent of women who suffer violence seek some kind of help, which clearly shows that they do not find guarantees in the prevention and institutional response system and therefore do not report incidents.

“This has serious consequences for their lives and those of other women, as the perpetrators do not face justice and impunity and violence continue unchecked,” she said.

Uruguayan María Noel Vaeza, UN Women regional director for Latin America and the Caribbean, draws the attention of countries to the urgent need to put an end to violence against women through the adoption of public policies for prevention and investment in programs to eliminate it. CREDIT: UN Women

Uruguayan María Noel Vaeza, UN Women regional director for Latin America and the Caribbean, draws the attention of countries to the urgent need to put an end to violence against women through the adoption of public policies for prevention and investment in programs to eliminate it. CREDIT: UN Women

Vaeza said that, despite these worrying trends, there is more evidence than ever that violence against women is preventable, and urged countries in the region to invest in prevention.

“The evidence shows that the presence of a strong, autonomous feminist movement is a critical factor in driving public policy change for the elimination of violence against women at the global, regional, national and local levels,” said the UN Women regional head.

She explained that many studies have shown that large-scale reductions in violence against women can be achieved through coordinated action between local and national prevention and response systems and women’s and other civil society organizations.

So in order to move towards regulatory frameworks and improve the institutional architecture and budget allocations to prevent, respond to and redress gender-based violence, strengthening the advocacy capacity of feminist and women’s movements and organizations is indispensable.

She also mentioned that whenever progress is made, there are setbacks as well, and “unfortunately history shows us that social changes against things like machismo/sexism and violence require the efforts of society as a whole and plans and policies that give answers to the victims today, but also make it possible to improve the system in the medium and long term.”

Vaeza stressed that violence against women and girls remains the most pervasive human rights violation around the world. Its prevalence worsened in the aftermath of the COVID-19 pandemic and is growing further due to the interrelated crises of climate change, global conflicts and economic instability.

She also mentioned the proliferation of new forms of violence and the persistence of those “who believe that we do not have to guarantee women’s human rights, and organize themselves, and in the region we have situations such as attacks against women human rights defenders and activists that have become more frequent.”

Vaeza, from Uruguay, underlined that there is more evidence than ever that it is possible to change this reality and that in order to have peaceful societies, reducing inequality and poverty is key, and all this will depend on advancing gender equality and the rights of those who have historically faced discrimination.

They are mainly, she said, women living in poverty, indigenous women, women of African descent, rural women, women migrants, and women and girls with disabilities.

Susana Chiarotti is a member of the Committee of Experts of the Follow-up Mechanism to the Belém do Pará Convention, which has been monitoring the performance of States in their obligation to prevent, punish and eradicate violence against women for the past 30 years. CREDIT: Cladem Argentina

Susana Chiarotti is a member of the Committee of Experts of the Follow-up Mechanism to the Belém do Pará Convention, which has been monitoring the performance of States in their obligation to prevent, punish and eradicate violence against women for the past 30 years. CREDIT: Cladem Argentina

Strong reactions to progress

Chiarotti said: “I have been with Mesecvi for 20 years and I can see the changes. Let’s remember that it was only in 1989 that laws on violence against women began to be enacted and that we did not have services, shelters, specialized courts and even less a specific Convention to address this issue, which was the first in the world.”

The lawyer and university professor emphasized that in 40 years the women’s movement has put the issue of violence against women on the public agenda and has made such huge strides that “we could be called the most successful lobby in history in positioning an issue in such a massive and global manner.”

And she added that “we did not believe then, in 1986, 1987 or 1988, that the phenomenon had permeated all structures, not only the intimate sphere; there was symbolic, institutional, political and many other forms of violence, which led us to demand more answers, especially from the State, which, being patriarchal, admitted women only with forceps.”

Chiarotti, who is also a former head of the Latin American and Caribbean Committee for the Defense of Women’s Rights (Cladem), warns that they are now facing reactions to the extent that unimaginable alliances have arisen to stop them, such as that of the Vatican with conservative evangelical churches and far-right groups.

She also mentioned the decision of the U.S. Supreme Court that in June 2022 overthrew the right to abortion in that country, which had been in force for almost 50 years.

“That makes you realize that our rights are never secure, that we must always be on the alert to defend them. And it is difficult for a movement that is cyclical, that has waves, that rises and falls, to be always alert,” she said.

In addition, she mentioned the recent victory of the candidate Javier Milei as future president of Argentina and the dangers he represents for women’s rights, sexual diversity and the historical memory of human rights abuses.

“This will not be the first time that this people, and women especially, will enter a stage of resistance, because we have been resisting misogynistic attacks and fighting for life for centuries, but we have a very hard time ahead of us,” Chiarotti said.

She added that Latin America has fragile democracies that are only a few decades old and in crisis, which impact women’s rights. “Many of our countries came out of dictatorships, the longest has had 50 or 60 years of democracy. We will have to work to defend democratic institutions, to use them to defend our rights,” she said.

Holding up signs demanding "No to violence" and "No to machismo," women demonstrate against gender violence in front of Peru's main courthouse in Lima. CREDIT: Mariela Jara / IPS

Holding up signs demanding “No to violence” and “No to machismo,” women demonstrate against gender violence in front of Peru’s main courthouse in Lima. CREDIT: Mariela Jara / IPS

Prevention: a task eluded by the States

The expert argued that since the work of preventing gender-based violence is more costly and time-consuming than that of punishment and less politically profitable, the efforts of countries are weak in this area despite their importance.

“Limiting the work to punishment and addressing incidents is like seeing a big rock that people stumble over and bang up against, and they are cured and taught to go around it, but without removing it from the path. Without prevention we will always have victims because the discriminatory culture that reproduces violence will not be transformed,” she warned.

But even adding up what countries invest to address and eradicate violence against women in the region, none of them reach one percent of their national budget according to the Third Hemispheric Report published by Mesecvi in 2017, a proportion that has apparently not changed since then.

In September of this year, the United Nations published a study showing that an investment of 360 billion dollars is needed to achieve gender equality and women’s empowerment by 2030, established as one of the Sustainable Development Goals (SDGs). This would help to eliminate the scourge of gender-based violence.

Excerpt:

This article is part of IPS coverage of the International Day for the Elimination of Violence against Women, celebrated Saturday, Nov. 25.

A Reinvigorated Regional Commitment to Tsunami Preparedness in Asia & the Pacific

Credit: Pexels/Guduru Ajay bhargav

By Temily Baker and Juliette de Charry
BANGKOK, Thailand, Nov 24 2023 – Between 1970 and 2022, disaster events in Asia and the Pacific caused 2.04 million deaths and $2.71 trillion in economic damages. ESCAP estimates that among these totals, tsunamis rank as the third deadliest hazard, accounting for 12% of fatalities, and the fourth most economically destructive hazard, comprising 11 per cent of economic damages.

Tsunamis, despite their infrequent occurrence, cause significant damage, with 260,000 fatalities from 58 tsunamis in the last century, averaging 4,600 deaths per event. Vulnerable populations, including women, children, persons with disabilities, and the older persons, are disproportionately affected.

For example, in the 2004 Indian Ocean tsunami, around 70 per cent of fatalities were women, whereas in the 2011 Great East Japan earthquake and tsunami, 64.4 per cent of the victims were older individuals.

By 2030, around half of the global population will reside in coastal areas vulnerable to floods, storms, and tsunamis. Given the ongoing impact of climate change the need for proactive measures to mitigate these coastal risks is becoming more apparent.

Since natural hazards do not follow national boundaries, regional cooperation plays a critical role in tsunami warnings in the Asia-Pacific region.

Regional commitment, catalysed by the devastating 2004 Indian Ocean tsunami, has led to significant improvements in multi-hazard coastal preparedness across the Indian Ocean basin. In 2005, a ground-breaking grant of US$10 million from the Government of Thailand established the ESCAP Multi-Donor Trust Fund for Tsunami, Disaster and Climate Preparedness.

The Trust Fund represents a regional commitment to strengthening early warning systems and the current membership of Italy, Switzerland, India, and Japan with Thailand are evidence of how triangular and south-south cooperation can be mutually supportive.

As a result, 19 countries have directly benefitted through building regional and national end-to-end warning systems for coastal hazards.

The Trust Fund played a vital role in creating the Indian Ocean Tsunami Warning and Mitigation System (IOTWMS), which became operational in October 2011, with Australia, India, and Indonesia as regional service providers. With an initial investment of US$300 million, this system supports 36 countries in the Indian Ocean basin.

These nations now share a Probabilistic Tsunami Hazard Assessment, recently updated to include the Makran Subduction Zone in the North-West Indian Ocean. To ensure sustainability, the IOTWMS promotes a multi-hazard approach and encourages governments to formalize financial commitments through legal frameworks and long-term policies. A 2015 ESCAP study estimated that the IOTWMS will save at least 1,000 lives annually over the next century.

Figure 1: Existing services of the Global Tsunami Warning System.

Source: UNESCO-IOC (The boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations. )

In May 2023, ESCAP reaffirmed its regional commitment to advance early warning systems, including those for tsunamis. They also resolved to accelerate climate action for sustainable development and mandated the development of regional early warning systems (E/ESCAP/RES/79/1).

ESCAP recognized the Trust Fund for Tsunami, Disaster, and Climate Preparedness as a crucial funding mechanism to support these efforts across the region (ESCAP/CDR(8)/6).

Advancing tsunami warnings for all

This year’s World Tsunami Awareness Day (WTAD) on 5 November was dedicated to addressing inequality for a more resilient future and focused on raising awareness about the factors that make tsunamis more deadly for the most vulnerable populations.

The theme was aligned with the “Early Warnings for All” global initiative, which aims to provide early warning systems to everyone on Earth by 2027, and Target G of the Sendai Framework, which promotes the expansion of early warnings and early actions for all.

Building on the momentum of the Early Warnings for All initiative, it’s crucial to ensure that efforts to improve early warning systems for climate-related hazards also include those of seismic origin, such as tsunamis.

Through generous contributions to the Trust Fund for Tsunami, Disaster and Climate Preparedness, UNESCO-IOC and ESCAP have now initiated a comprehensive assessment of tsunami preparedness capacity in the Indian and Pacific Ocean basins.

This assessment will use a standardized methodology based on the 2018 capacity assessment Indian Ocean tsunami preparedness. It will evaluate progress made since the 2004 Indian Ocean Tsunami and provide regional decision-makers with insights into the additional requirements for tsunami preparedness, both technically and in terms of policy.

Tsunamis should be treated as multifaceted threats that not only endanger lives but also disrupt livelihoods, industry, agriculture, gender equality, and critical services like education and healthcare.

Access to high-quality and readily information is crucial for supporting regional mechanisms and local preparedness while also increasing awareness of early warning systems.

For more information on World Tsunami Awareness Day, visit: https://tsunamiday.undrr.org/

For more information on the Trust Fund for Tsunami, Disaster and Climate Preparedness, visit: https://www.unescap.org/disaster-preparedness-fund

For more information on the IOTWMS, visit: http://www.ioc-tsunami.org/index.php?option=com_content&view=article&id=8&Itemid=13&lang=en

Temily Baker is Programme Management Officer. ESCAP; Juliette de Charry Intern, ICT and Disaster Risk Reduction Division, ESCAP

IPS UN Bureau

 


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Can COP28 Deliver for Cities and Climate Migrants?

Climate migrants tend to move to cities in their own countries where they often end up in urban slums characterized by sub-standard housing. Credit: Donatas Dabravolskas/Shutterstock

Climate migrants tend to move to cities in their own countries where they often end up in urban slums characterized by sub-standard housing. Credit: Donatas Dabravolskas/Shutterstock

By Jin-ho Chung
OXFORD, England, Nov 24 2023 – The impacts of climate change on human mobility have yet to be fully understood and addressed on a global scale, even though some 3.3 to 3.6 billion people are highly vulnerable to climate change.

Contrary to popular perceptions, most climate migrants move internally to cities within their own countries, attracted by the perceived employment, education, and healthcare opportunities that urban areas offer.

City governments will need to play a pivotal role in transforming urban migration into an effective climate change adaptation strategy that benefits both climate-vulnerable rural communities and the cities they settle in. By doing so, city governments can proactively manage the challenges posed by climate migrants while also harnessing their potential contributions to a city’s economic growth and resilience

As these numbers increase, urban areas across the Global South face mounting pressures to provide sufficient housing, jobs, and public services to serve their growing populations.

Those moving due to climate extremes and environmental degradation will most likely find themselves living in urban slums, exposed to unhygienic conditions and forced to live in sub-standard housing.

They could also face highly competitive job markets for which they may lack qualifications or experience, and limited access to healthcare and public services due to citizenship restrictions.

Urban authorities across the Global South will be nervously anticipating an influx of new arrivals as the climate crisis intensifies, grappling with the challenge of integrating these newcomers without increasing pressure on already stretched urban infrastructure and services.

For inspiration they might look at other urban areas that have made significant progress in recent years to enhance their resilience and sustainability.

During the course of my research, I have also wondered whether urban authorities could view the climate migration challenge as an opportunity – to not only alleviate pressures but also to simultaneously pursue development objectives, stimulate economies, and ensure safe and secure living conditions for all residents?

 

Enhancing urban development

A strategic policy response could help mitigate challenges while preparing cities for the future. City governments will need to play a pivotal role in transforming urban migration into an effective climate change adaptation strategy that benefits both climate-vulnerable rural communities and the cities they settle in.

By doing so, city governments can proactively manage the challenges posed by climate migrants while also harnessing their potential contributions to a city’s economic growth and resilience.

Enhancing human mobility and removing restrictions on free movement not only bolsters adaptive capacity in the face of climate change and environmental crises; it also provides the necessary labour flexibility for cities and contributes to poverty reduction in rural areas.

Migrants, acting as agents of change, often support their home communities through remittances. Dynamic labour markets, enabling the geographic mobility of workers, are essential to supply labour precisely where and when it’s needed.

Urban authorities will need to examine mobility patterns and trends, identifying and prioritizing urban areas and infrastructure that require support. Additional legal measures may also be required, including labour laws that strengthen the rights of migrant workers, ensure safe working environments, and provide protection from exploitation.

Migrants’ social inclusion can be secured through education and training, which enhance their employment prospects, and access to healthcare and affordable and suitable housing.

The role of city governments, however, will depend on national governments granting urban authorities more influence in critical policy domains. Policy collaboration across different levels of governance is also key to supporting migrants and enhancing climate-compatible development in both places of origin and destination through circular mobility initiatives.

 

Accelerating a climate-resilient urban renaissance

COPs have historically made progress in advancing policies, funding, and recommendations to support climate-related migrants and cities in their adaptation efforts. It is imperative that COP28 fulfil its promise to increase climate funding for developing countries, including cities.

Urban areas are not only home to more than half of the world’s population, but also serve as the primary engines of the global economy and job creation. Funds targeting cities can help accelerate the global green transition.

However, COP28 will need to address a critical shortage in available funding, laid bare by the UN Environment Programme’s recent Adaptation Gap report which estimates that developing countries will need between $215 and $387 billion in public adaptation finance per year this decade.

The trend of decreasing adaptation funds – only $21 billion was available in 2021, $4 billion less than the previous year – needs to be urgently addressed.

COP28, just a few weeks away, is an opportunity to emphasize the need for long-term policy support aimed at tackling the challenges associated with climate-induced migration to urban areas.

The decision to dedicate a day at the summit to ‘multilateral action, urbanization, and the built environment’ underscores the central role that cities will play in our transition to more resilient and sustainable societies. Anticipating and responding strategically to climate migration will support an urban renaissance that is able to cope with climate change while delivering secure housing, improved services, and decent jobs for all.

Jin-ho Chung is Research Fellow at United Nations University Centre for Policy Research (UNU-CPR)