May 21, 2023

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Texas Capital Bancshares, Inc. Investors to Inquire About Securities Class Action Investigation – TCBI

NEW YORK, May 20, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Texas Capital Bancshares, Inc. (NASDAQ: TCBI) resulting from allegations that Texas Capital may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Texas Capital securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=2747 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.

WHAT IS THIS ABOUT: On March, 29, 2021, shares of Texas Capital stock dropped 13% on unusually heavy trading volume as prime brokers associated with now-defunct family office, Archegos Capital Management, unwound large U.S. stock positions linked to the fund.

A Bloomberg article published on November 16, 2021 detailed how Archegos built up a previously undisclosed position equal to 20% of Texas Capital prior to the margin calls that forced Archegos’ liquidation. According to the article, Texas Capital was aware of the large position held by Archegos while it raised additional capital from investors in February 2021.

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. 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.

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 8843405

May 21, 2023

ROSEN, LEADING INVESTOR COUNSEL, Encourages Cavco Industries, Inc. Investors to Inquire About Securities Class Action Investigation – CVCO

NEW YORK, May 20, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Cavco Industries, Inc. (NASDAQ: CVCO) resulting from allegations that Cavco may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Cavco securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=7555 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.

WHAT IS THIS ABOUT: On November 8, 2018, Cavco revealed in an SEC filing that it had “received a subpoena from the SEC’s Division of Enforcement requesting certain documents relating to, among other items, trading in the stock of another public company.” On this news, Cavco share price fell $49.48 per share, or over 23%, to close at $165.20 per share on November 9, 2018.

On February 4, 2019, Cavco revealed that it had received requests for additional documents. Cavco further disclosed that it spent, and expected to spend, millions of dollars on legal and insurance expenses in relation to the SEC’s subpoenas and Cavco’s independent investigation into the matter. On this news, Cavco’s share price fell $26.92 per share, or about 16.7%, to close at $134.37 per share on February 5, 2019.

On September 2, 2021, the SEC filed a complaint against Cavco, former CEO Joseph Stegmayer, and former CFO and Chief Compliance Officer Daniel Urness. The SEC complaint alleged that Stegmayer and Urness caused Cavco to purchase shares of publicly traded companies on material non-public information. On this news, Cavco’s share price fell $6.59 per share, or about 2.5%, to close at $252.48 per share on September 3, 2021.

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. 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.

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:

GlobeNewswire Distribution ID 8843404

May 21, 2023

Qatar Stock Exchange Index Rises by 0.07 Percent

Qatar Stock Exchange (QSE) index rose by 7.51 points, or 0.07 percent, to reach 10,651.45 points, on Sunday.

During today’s session, 437, 677,636 shares were traded, with a value of QR 716,541,090.046, done in 17,464 transactions in all sectors.

Shares of 32 companies rose in the session, and the prices of 12 other companies decreased, while four companies maintained their previous closing prices.

The market capitalization, at the end of the trading session, amounted to QR 630,182,257,667.600, compared to QR 628,595,844,990.620, in the previous session.

Source: Qatar News Agency

May 21, 2023

Jordan, Iraq talk fostering security cooperation

Interior Minister Mazen Al-Faraya late Saturday discussed with his Iraqi counterpart, Lt. Gen. Abdul Amir Al-Shammari ways of enhancing security cooperation. The talks also tackled means of facilitating the movement of people, vehicles and goods between the two countries, exchanging security and administrative expertise. During the visit, Al-Faraya is slated to hold meetings with a number of senior Iraqi officials

Source: Jordan News Agency

May 21, 2023

WHO Launches Global Network To Detect, Prevent Infectious Disease Threats

The World Health Organization (WHO) has launched a global network to help protect people from infectious diseases, such as COVID-19, and exchange information for epidemic prevention.

“The International Pathogen Surveillance Network (IPSN) will provide a platform to connect countries and regions, improving systems for collecting and analyzing samples…” the organization said in a statement Sunday.

The IPSN’s common goal is to detect and respond to disease threats before they become epidemics and pandemics, and to optimize routine disease surveillance, WHO stressed.

IPSN will use pathogen genomics to analyze the genetic code of viruses, bacteria, and other disease-causing organisms to understand how infectious they are, how deadly they are, and how they spread.

With this information, scientists and public health officials can identify and track diseases to prevent and respond to outbreaks as part of a broader disease surveillance system, and to develop treatments and vaccines.

Source: Qatar News Agency

May 21, 2023

Kuwait official encourages participating in more cultural events in int’l forums

Assistant Secretary general for the Arts Sector in the National Council for Culture, Arts and Literature Musaad Al-Zamil affirms the importance of increasing Kuwaiti cultural participation in international forums especially the ones organized by the UN.

This came in a statement by Al-Zamil to KUNA, on the sidelines of the celebration organized by Kuwait’s permanent delegation at the UN in the General Secretariat HQ in NYC, on 60th anniversary of Kuwait’s membership at the UN.

Al-Zamil said that he was honored to lead the Kuwaiti delegation, as assistant secretary for the arts sector in National Council for Culture, Arts and Literature (NCCAL) in this historic and important event, at the invitation of the Ministry of Foreign Affairs.

Al-Zamil added that a specific scenario has been created for the celebration held by the Kuwaiti delegation to the United Nations, headed by Kuwait’s permanent representative at the United Nations, Ambassador Tareq Al-Banai, that includes an art exhibition of private possessions and paintings of pioneering artists in expressive art in Kuwait.

Professor of Anthropology and Archeology in the Department of Sociology and Social Work at the College of Social Sciences, Dr. Hassan Ashkanani shared his valuable possessions of pictures, books and stamps, especially the ones related to Kuwait’s membership in the United Nations, noted Al-Zamil.

The exhibition included many publications of the cultural sector, including books, Al-Arabi magazine, and all the publications of the NCCAL, as well as a documentary film and a concert led by a group of academic musicians from the Higher Institute of Musical Arts and a show about Kuwaiti folk heritage, he explained.

The ceremony had a great success and concluded with a song about Kuwait and the Arab Gulf states, stated Al-Zamil.

Source: Kuwait News Agency