New Study: Failing Global Debt System Costs Lives

New York, June 22, 2023 (GLOBE NEWSWIRE) — New research supported by the Open Society Foundations shows that increasing delays in resolving sovereign debt crises in some of the world’s poorest countries are significantly adding to the human cost of defaults—cutting economic growth, reducing life-expectancy, and worsening child mortality rates.

The analysis, The Human Costs of the Failing Global Debt System, builds on research published last year that showed how going into default leads to economic and human damage that worsens over subsequent years.

Sovereign debt defaults occur when countries fail to pay their debts on time. This can be interest or principal payments to domestic or international creditors. This typically forces a renegotiation of lending terms. The research looked at data from 131 sovereign debt defaults around the world since 1900.

The new paper’s authors, economists Clemens Graf von Luckner and Juan P. Farah-Yacoub, conclude that, in addition, the longer it takes a country to reach a new agreement with its creditors, the greater the increase in human costs:

  • When a country’s debt crisis is resolved in less than three years, infant mortality ten years after a default is declared as 2.2 percentage points higher than would have been expected. But when the default continues for more than three years, the difference rises to a staggering 11.4 percentage points higher.
  • For the countries studied, on average, life expectancy ten years after default drops by more than one year relative to where it would have been without the default.
  • In addition, the shortfall in the rate of increase in real economic output per capita (against what it could have been without default), jumps by 2.5 percentage points in the first year of default, against what it would have been had there been no default. It then continues to grow by 1.5 percentage point on average each year thereafter. Over a decade the gap grows to roughly 14.5 percentage points.

The findings underline the grave damage being caused by the failure of the existing global financial system to deliver prompt resolution to countries in default due in part to the involvement of an increasingly complex mix of creditors—including international financial institutions such as development banks, commercial banks, sovereign lenders including China, and private commercial creditors.

The report also highlights the case of Zambia, which defaulted on its external debt in November 2020 under the economic strains of the Covid pandemic. It has yet to secure a comprehensive debt agreement among all of its public and private creditors and the International Monetary Fund, with its total debt now estimated at over $18 billion.

The authors of this new report calculated that, based on a calculation using Zambia’s birth rates in 2016, the country’s current debt default would result in an additional 3,079 annual deaths of infants before their first birthdays by the year 2030, if the default is prolonged further.

Mark Malloch-Brown, president of the Open Society Foundations, said: “The findings here starkly illustrate how a dysfunctional global financial system is causing tragic but entirely avoidable human suffering. The leaders meeting in Paris need to commit to the urgent reforms the world needs to face both deepening poverty and the worsening climate crisis.”

The Open Society Foundations, together with a broad range of civil society groups, are pushing for the leaders gathered at the Summit for a New Global Financing Pact in Paris to commit to policies that will significantly reform the international debt restructuring process to allow for a just and sustainable resolution to a country’s default delivered in a timely manner. These steps include:

  1. States establishing a clear process with firm timetables for getting agreement to “cure” defaults—no more three years in limbo like Zambia.
  2. The IMF must more aggressively use its authority to “lend into arrears”—which means they can launch their funding support program to indebted countries even if some creditors refuse to accept new debt relief terms. These hold out creditors loans would not get paid, but everyone else participating does.
  3. Private creditors (including sovereign bond holders) should not be allowed to refuse to accept debt settlements that creditor countries agree to, and then expect to be paid with the benefits of that relief, or to use the courts to get full repayment. In the United States, the New York State legislature has before it legislation that would end this practice.
  4. The International Financial Institutions need significantly more funding from the Global North to give them the resources needed to properly fund recovery from defaults and allow the economic growth needed to avoid defaults in the future.
Office of Communications
Open Society Foundations 
(212) 548-0378
media@opensocietyfoundations.org

GlobeNewswire Distribution ID 8862959

IYKYK: FRESCA™ Mixed and Andy Cohen Invite Fans to Get in on the Best Kept Secret of Cocktailing

FRESCA™ Mixed pops off the summer season with new FRESCA™ Mixed Vodka Spritz Variety Pack and the Secret of Summer Sweepstakes

Fresca Mixed Variety Pack

Fresca Mixed Variety Pack

CHICAGO, June 22, 2023 (GLOBE NEWSWIRE) — For nearly 60 years since FRESCA®’s inception, fans have been in on the secret of the soda’s one-of-a-kind grapefruit-citrus taste as the perfect cocktail mixer. Now, FRESCA™ Mixed – the premium, ready-to-drink cocktail brand – is giving cocktail drinkers even more to love with the launch of FRESCA™ Mixed Vodka Spritz Variety Pack, including three new flavors just in time for summer.

To celebrate the new variety pack, FRESCA™ Mixed is furthering its partnership with Emmy-winning host and producer, Andy Cohen, for a second year. Famous for being ‘in the know’ on the juiciest buzz, Cohen is working with FRESCA™ Mixed to do what he does best – spill secrets and encourage people to do the same with the Secret of Summer Sweepstakes.

Through July 4, fans who divulge a secret of their own at FrescaMixed.com or via QR codes at retailers nationwide are entered for a chance to sip a FRESCA™ Mixed1 with Andy Cohen himself at the Sip and Spill virtual event on July 25. But the summer of secrets doesn’t stop there. Fans can continue to enter the sweepstakes through August 31 for a chance at the grand prize: a trip to the Hamptons for four people to make some dish-worthy memories of their own2. Additionally, over 200 entrants will win a gift card so they can treat themselves to FRESCA™ Mixed even when the weather starts to cool down.

“As the number one FRESCA Mixed fan, I’ve been a keeper of the best secret in cocktailing for a long time and I’m thrilled to invite more people to join the club,” said Cohen. “The only proper way to spill secrets is by doing so over a delicious, juicy cocktail – so crack open a FRESCA Mixed and get ready for some dirt at the Sip and Spill event.”

Andy Cohen Secret of Summer

Andy Cohen Secret of Summer

For those who need to get a secret off their chest IRL, FRESCA™ Mixed is here to help. On June 30, Cohen will join FRESCA™ Mixed in the Hamptons, where locals and visitors of legal drinking age can visit the FRESCA™ Mixed Phone Booth to spill their secrets to Cohen live and try one of the new FRESCA™ Mixed Vodka Spritz flavors. The FRESCA™ Mixed Phone Booth will be located in Montauk from 4:00 to 6:00 p.m. EST.

FRESCA™ Mixed elevated its Vodka Spritz flavor experience by adding three new options to its already popular Original Grapefruit Citrus flavor: Mango Citrus, Mixed Berry Citrus and Pineapple Citrus. All flavors in the FRESCA™ Mixed Vodka Spritz Variety Pack are zero sugar, 100 calories, 5% ABV, gluten-free, and made with real vodka distilled four times. FRESCA™ Mixed Vodka Spritz Variety Pack is available at retailers nationwide in 8-pack 12oz cans featuring two of each flavor for a suggested retail price of $17.99 to $19.99.

“FRESCA Mixed was introduced to build on the decades-old bartending secret of mixing the classic taste of Fresca with spirits to make an iconic cocktail combination,” said Beth Krigel, Senior Director, Emerging Brands, FRESCA™ Mixed. “The flavors in the new FRESCA Mixed Vodka Spritz Variety Pack take this perfect pairing one step further by mixing the signature citrus taste with the flavors consumers want when the weather heats up, bringing fans in on the secret of the newest staple in summer sipping.”

FRESCA™ Mixed first upped the cocktail game in 2022 with its release of the two original FRESCA™ Mixed varieties: Vodka Spritz and Tequila Paloma. In addition to the new-to-market variety pack, fans can find both original varieties of FRESCA™ Mixed in 4-pack 12oz cans at retailers across the nation.

For more information on the new FRESCA™ Mixed Vodka Spritz Variety Pack and the Secret of Summer sweepstakes, visit FrescaMixed.com and follow the brand on Instagram.

ABOUT FRESCA™ MIXED
Fresca™ Mixed is a new line of premium, pre-mixed cocktails crafted with the deliciously bright classic grapefruit citrus taste of FRESCA® and real vodka or tequila. Since its inception in 1966, FRESCA® fans have known the soda’s one-of-a-kind grapefruit-citrus taste mixes perfectly with alcohol to create delicious cocktails. Because of this, The Coca-Cola Company and Constellation Brands came together to create the pre-mixed cocktails for fans. Constellation Brands produces, distributes and markets FRESCA® Mixed featuring the classic taste of FRESCA® with a twist.

For more information on FRESCA™ Mixed, visit FrescaMixed.com and follow the brand on Instagram.

1 Awarded in the form of a $25 Sponsor-specified digital gift card
2 NO PURCHASE NECESSARY to enter Sweepstakes. 50 U.S. and D.C., 21 or older. Starts 10:00 AM ET on 5/8/23; Entries must be received by 11:59 PM ET on 7/4/23 to be included in First Prize “Sip and Spill” random drawing; Entries must be received by 11:59 PM ET on 8/31/23 to be included in Grand Prize random drawing to win a four (4) day/three (3) night “Weekend Getaway in the Hamptons”. The Fresca Mixed “The Secret of Summer” Sweepstakes is sponsored by Constellation Brands, Inc. No alcohol awarded with prizes. Void where prohibited. For complete details, see Official Rules at rules.dja.com/frescamixed.

Contact:
Stephanie McGuane
stephanie.mcguane@cbrands.com

A video accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/86a7bce7-0352-4e03-98f0-dc26d1ce7100

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/e63eacd5-6566-46ca-aa9e-a0acbe4c63c3

https://www.globenewswire.com/NewsRoom/AttachmentNg/22d50598-93ac-4020-af60-3824b431571a

GlobeNewswire Distribution ID 8862526

FreedomPay Partners with Visa to Offer Global Omnichannel Network Tokenization

Philadelphia, Pennsylvania, June 22, 2023 (GLOBE NEWSWIRE) — FreedomPay, a global leader in Next Level Commerce™, announces a partnership with Visa to integrate Visa’s network tokenization capabilities within FreedomPay’s global identity and tokenization framework. The true omnichannel global tokenization product will provide network tokens across card brands, helping to keep merchants compliant with cross-border and in-region data and privacy regulations, while helping merchants qualify for lower interchange rates for certain Visa network tokenized transactions.

“With the growing number of connected devices, changing consumer behaviors and shifting privacy regulations, the benefits of utilizing network tokens are many. Using the Visa Acceptance Platform, Visa has the scale and flexibility to seamlessly provision them for FreedomPay’s clients around the globe, helping to improve customer experience, improve authorization rates and reduce fraud,” said Bill Dobbins, SVP, Head of Acquiring and Enablement at Visa.

Network tokenization will also help streamline the customer journey, providing a seamless experience across borders and merchant locations. The new capabilities will be integrated into FreedomPay’s larger identity suite, offering a 360-degree view of the customer to the merchant, creating a more personalized checkout experience through data-driven loyalty and incentives.

“FreedomPay is trusted by the largest brands across hospitality, retail, F&B and more to provide repeatable and scalable next level solutions for security, data management and compliance, and to create a personalized and seamless customer journey around the globe,” said David Knowlton, CTO at FreedomPay. “By partnering with Visa for network tokenization, FreedomPay will provide merchants with more flexibility and geographic coverage, including in harder-to-access regions, when managing customer and card data.”

Additional features will also be supported without any changes to the merchant’s systems such as supporting card on file use cases with digital wallet taps as well as token life cycle management.

About FreedomPay

FreedomPay’s Next Level Commerce™ platform transforms existing payment systems and processes from legacy to leading edge and enables merchants to unleash the power of pay. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay’s technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce.

The company maintains a world-class security environment and was first to earn the coveted validation by the PCI Security Standards Council against Point-to-Point Encryption (P2PE/EMV) standard in North America. FreedomPay’s robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com

Jennifer Tayebi
Hill+Knowlton Strategies for FreedomPay
+1 734 395 0780
jennifer.tayebi@hkstrategies.com

GlobeNewswire Distribution ID 8862332

Deriv’s philanthropic venture: Driving social change through sponsorship of 4L Trophy

The 6,000 km rally over 10 days took place in February this year, starting in France and concluding in Morocco, with the aim of helping underprivileged children in Africa.

Deriv sponsored 2 drivers for the 2023 edition of the 4L Trophy rally.

Deriv sponsored team in action during the 4L Trophy rally.

PARIS, June 22, 2023 (GLOBE NEWSWIRE) — Deriv, one of the leading online brokers, has been actively participating in humanitarian efforts that are aligned with its core values of being reliable, fair, transparent, and responsible. Earlier this year, Deriv sponsored a team of two young professionals who successfully completed the 4L Trophy rally, an annual humanitarian car rally that raises funds for the cause of underprivileged children in Africa.

The 4L Trophy rally started in France and ended in Morocco, covering a 6,000 km journey over 10 days. It required participants to drive through challenging terrain, navigating their way through various checkpoints. A long journey for a noble cause: deliver stationery and textbooks for underprivileged children along the way.

Deriv humanitarian ride through the desert in Morocco.

Deriv humanitarian ride through the desert in Morocco.

“The challenges of navigating unfamiliar terrain, camping in the middle of nowhere, and crossing the finish line were thrilling and rewarding,” Clement David, one of the drivers sponsored by Deriv, said. “But what made the experience truly special was the opportunity to make a difference in children’s lives by delivering much-needed school supplies.”

Deriv supports humanitarian drive in Morocco during the 4L Trophy rally.

Deriv-sponsored team interacts with children in need in Morocco during the course of the 4L Trophy rally.

Jean-Yves Sireau, founder and CEO of Deriv, said: “Deriv’s participation in the 4L Trophy rally is a testament to our commitment to making a positive impact on the communities we serve. We believe in supporting causes that empower individuals and communities to thrive, and education is a critical component of that.”

“We believe that businesses have a responsibility to give back to society,” added Sireau. “Through our philanthropic efforts, we hope to inspire other organisations to do their part in making the world a better place.”

Deriv-sponsored team distributed humanitarian aid to children in need in Morocco.

Deriv supports humanitarian drive in Morocco during the 4L Trophy rally.

The 4L Trophy rally is just one example of Deriv’s involvement in humanitarian initiatives. Earlier this year, the company had also donated 11 boxes of clothes to Fundacion Unidos por Cristo (Asunción, Paraguay), a residential home that provides comprehensive care to children and adolescents at risk.

To learn more about Deriv and its humanitarian initiatives, follow Derivlife and the company’s Instagram account.

About Deriv

Deriv started its journey in 1999. Its mission since has been to make online trading accessible to anyone, anywhere. Deriv’s product offering includes intuitive trading platforms, over 200 tradable assets (in markets such as forex, stocks, and cryptocurrencies), unique trade types, and more. Deriv embraces its commitment to the community, elevating its humanitarian initiatives to new heights across its network of 20 offices spanning 16 countries.

PRESS CONTACT
Aleksandra Zuzic
aleksandra@deriv.com

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/84da82a4-68fe-4100-b936-f179348cbb9e
https://www.globenewswire.com/NewsRoom/AttachmentNg/61b1b768-e495-4845-aaaa-b96adda137a6

GlobeNewswire Distribution ID 1000826460

SAP Fioneer launches tailored SME banking offering

WALLDORF, Germany, June 22, 2023 (GLOBE NEWSWIRE) — SAP Fioneer, a leading global provider of financial services software solutions and platforms, has announced the launch of its Fioneer SME Banking Edition. The solution will enable banks and neobanks to offer banking capabilities in a digital-first and data-driven approach, tailored to the financial needs of small and medium-sized enterprises (SMEs) – a historically underserved market segment.

The SME sector is a vital component of the global economy, accounting for 99% of UK and EU businesses and employing approximately 16.4 million and 84 million people respectively.* Despite making up a significant proportion of GDP and the workforce, SMEs have traditionally struggled to access financial services that meet their unique needs, as the perceived risks and costs associated are deemed too high.

Fioneer SME Banking Edition addresses these challenges by connecting banks to external data sources such as Open Banking, central company registry, e-commerce and Enterprise Resource Planning (ERP) data, to form actionable insights that significantly help SMEs to stay ahead. This will give SMEs clear transparency about cashflow and provide insight to the banks and enable e.g. smart funding options, offering more variety and increasing the number of businesses banks can serve.

As a unique end-to-end solution, Fioneer SME Banking Edition covers front-to-back capabilities and seamlessly integrates with any core banking system. It enables banks to offer services that go beyond traditional banking products such as loans and deposits. Banks will be able to broaden their offering with embedded services and stronger financial advice directly for SMEs. The solution can also be easily integrated and connect to ecosystems via pre-configured APIs.

Charlie Platt, Managing Director of Banking at SAP Fioneer, comments on the launch: “SMEs represent the lifeblood of the economy, and it is critical that they are able to access the financial services they deserve. Through our SME Banking Edition, banks will be able to create commercially viable, unique and better banking experiences for SMEs that will help them to stay ahead in a challenging economic environment.”

“The introduction of our Fioneer SME Banking Edition significantly strengthens how banks interact with SMEs. Utilizing our proven technology, we’re facilitating banks to better serve SMEs in a dynamic economic landscape. Drawing inspiration from the B2C market, we’re empowering banks to elevate their service offerings for SMEs,” adds Dirk Kruse, CEO of SAP Fioneer.

*Business population estimates for the UK and regions 2022 (UK Government), Statista 2022

About SAP Fioneer

SAP Fioneer was launched in 2021 as a joint venture between global technology leader SAP and entrepreneurial investor Dediq to become the world’s leading provider of financial services software solutions and platforms.  With a broad ecosystem of partners, over 800 financial services customers and more than 1,000 employees, SAP Fioneer is a global business present in 17 countries across Europe, North and Latin America, Middle East and Asia-Pacific.

By combining the speed and agility of a start-up with the proven capabilities of a best-in-class software company, SAP Fioneer enables banks, insurance companies and challengers to run, transform and grow while meeting their need for speed, scalability, and cost-efficiency through digital business innovation, cloud technology, and solutions that cover banking and insurance processes end-to-end.

For more information, visit www.sapfioneer.com. Follow SAP Fioneer on Twitter and on LinkedIn.

Press enquiries:
press@sapfioneer.com

GlobeNewswire Distribution ID 1000826504

LPSN FRIDAY DEADLINE: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages LivePerson, Inc. Investors to Secure Counsel Before Important June 23 Deadline in First Filed Securities Class Action Commenced by the Firm – LPSN

NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of LivePerson, Inc. (NASDAQ: LPSN) between May 10, 2022 and March 16, 2023, both dates inclusive (the “Class Period”), of the important June 23, 2023 lead plaintiff deadline in the securities class action filed by the Firm.

SO WHAT: If you purchased LivePerson 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 LivePerson class action, go to https://rosenlegal.com/submit-form/?case_id=13260 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 23, 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. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) LivePerson failed to address any material weaknesses with internal controls; (2) LivePerson’s third quarter financial statements, ended in September 30, 2022 failed to disclose WildHealth’s suspension of Medicare reimbursement; (3) as a result, LivePerson’s fourth quarter 2022 revenue would be affected; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the LivePerson class action, go to https://rosenlegal.com/submit-form/?case_id=13260 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8862258

ROSEN, LEADING INVESTOR COUNSEL, Encourages Icahn Enterprises L.P. Investors to Secure Counsel Before Important Deadline in Securities Class Action – IEP

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

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Icahn Enterprises L.P. (NASDAQ: IEP) between August 2, 2018 and May 9, 2023, both dates inclusive (the “Class Period”), of the important July 10, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Icahn Enterprises 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 Icahn Enterprises class action, go to https://rosenlegal.com/submit-form/?case_id=16028 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 July 10, 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, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Icahn Enterprises was inflating its net asset value; (2) Icahn Enterprises was using money taken in from new investors to pay out dividends to old investors; (3) as a result, Icahn Enterprises would become the subject of criminal and/or regulatory scrutiny; and (4) as a result of the foregoing, defendant’s positive statements about the Company’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 Icahn Enterprises class action, go to https://rosenlegal.com/submit-form/?case_id=16028 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 8862236

ROSEN, A LEADING NATIONAL FIRM, Encourages Tingo Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – TIO

NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Tingo Group, Inc. (NASDAQ: TIO) between December 1, 2022 and June 6, 2023, both dates inclusive (the “Class Period”), of the important August 7, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Tingo 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 Tingo class action, go to https://rosenlegal.com/submit-form/?case_id=16856 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 August 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. 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) Tingo overstated its revenue and other accounting metrics, creating a false impression of success; (2) Tingo was not meaningfully engaged in many of the business activities that it claimed would drive future growth; (3) many of Tingo’s supposed contracts with customers and suppliers did not exist; and (4) in light of the above, defendants’ positive statements about Tingo’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 Tingo class action, go to https://rosenlegal.com/submit-form/?case_id=16856 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 8862277

ROSEN, TRUSTED AND TOP RANKED INVESTOR COUNSEL, Encourages Charles River Laboratories International, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – CRL

NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Charles River Laboratories International, Inc. (NYSE: CRL) between May 5, 2020 and February 21, 2023, both dates inclusive (the “Class Period”), of the important July 18, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Charles River 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 Charles River class action, go to https://rosenlegal.com/submit-form/?case_id=12403 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 July 18, 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) Charles River had engaged in illegal activity with respect to its importation of non-human primates for research; (2) as a result, Charles River was at a heightened risk of criminal and regulatory investigation by, inter alia, the U.S. Department of Justice (“DOJ”); (3) as a result, Charles River would be forced to suspend shipments of primates from Cambodia; and (4) as a result of the foregoing, defendants’ positive statements about Charles River’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 Charles River class action, go to https://rosenlegal.com/submit-form/?case_id=12403 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 8862237

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages DZS Inc. Investors with Losses to Secure Counsel Before Important Deadline in First Filed Securities Class Action Commenced by the Firm – DZSI

NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of DZS Inc. (NASDAQ: DZSI) between March 10, 2023 and May 31, 2023, both dates inclusive (the “Class Period”), of the important August 14, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased DZS 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 DZS class action, go to https://rosenlegal.com/submit-form/?case_id=16915 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 August 14, 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 lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) DZS’ financial statements from March 31, 2023 to the present contained certain errors; (2) as a result, DZS would need to restate its previously filed quarterly financial statement for the period ending March 31, 2023; (3) the Company had ongoing undisclosed issues with its internal controls over financial reporting; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the DZS class action, go to https://rosenlegal.com/submit-form/?case_id=16915 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8862255