31 C
Vientiane
Saturday, June 7, 2025
spot_img
Home Blog Page 1547

Rhenus India advances sustainable logistics capabilities with electric vehicle (EV) trucks and partnership with Brenntag

  • Rhenus deepens its decade-long partnership with Brenntag in India, with more sustainable warehousing, freight solutions and services.
  • Rhenus India also announced the recent appointment of their Joint Managing Director, Bhaswar Arya.

SINGAPORE – Media OutReach Newswire – 14 February 2024 – Leading global logistics service provider Rhenus Group launches EV trucks to augment local distribution support and extend its existing logistics services for Brenntag. Discussions are also on the future partnership plans to include Air and Ocean freight, enhancing local distribution movements and other value-added services. Brenntag is a global market leader in chemicals and ingredients distribution.

This step complements the comprehensive warehousing solutions and domestic distribution network across India. These warehousing solutions are state-of-the-art, equipped with the latest technology and adhering to international standards of safety and efficiency.

To celebrate the company’s commitment to sustainability, Rhenus also organised a customer event in Mumbai, which was attended by elite and senior industry leaders from diverse sectors, including Tobias Bartz, CEO and Chairman of Rhenus Group, and Jan Harnisch, CEO of Rhenus Air & Ocean. The event also highlighted topics such as integrated logistics solutions and cutting-edge technology.

The introduction of EV trucks is the latest sustainable logistics initiative from Rhenus India. Its new warehouses are equipped with sky lighting to enhance the use of natural light and reduce electricity usage. In 2023, Rhenus India installed 350 kilovolt (kv) solar panels at their multi-user facility in Bhiwandi, Mumbai. For 2024, it aims to implement up to three solar projects in a phased manner at the new upcoming facility in Bhiwandi, specifically for non-chemical clients and multi-user facilities at Gurgaon.

Rhenus Group looks forward to shaping the future of logistics through innovation, sustainability, and technological integration. The company has received international recognition and awards for multiple years now. For example, EcoVadis, a globally recognized and independent provider of sustainability ratings for companies, awarded Rhenus Group gold status in its Corporate Social Responsibility (CSR) rankings for 2023. Rhenus scored high points in categories such as environment, employment and human rights, ethics, and sustainable procurement assessment.

Rhenus India appoints new Joint Managing Director

Separately, Rhenus announced the appointment of Bhaswar Arya as the Joint Managing Director for India. Prior to this, Bhaswar was a strategic assistant to the Chairman of Rhenus Group in Germany and played a pivotal role in a variety of global projects and strategies. Under his management, Rhenus India will focus on establishing the company as a leader in comprehensive integrated logistics solutions, augmented by technology, for the Indian market. Industry segments of focus include Automotive, Engineering and Industrial, Chemicals, Healthcare and Consumer Goods.

“We understand that our role in logistics extends beyond mere transportation and storage – it is about creating a sustainable future. This commitment to sustainability is not just an ethical choice, but a business imperative, guiding us to innovate, operate responsibly, and contribute positively to the planet and its people. At Rhenus India, we do not just move goods; we move forward with a vision for a more sustainable world,” says Bhaswar Arya.

Hashtag: #Rhenus

The issuer is solely responsible for the content of this announcement.

About Rhenus

The Rhenus Group is one of the leading logistics specialists with global business operations and annual turnover amounting to EUR 8.6 billion. 39,000 employees work at 1,120 business sites and develop innovative solutions along the complete supply chain. Whether providing transport, warehousing, customs clearance or value-added services, the family-owned business pools its operations in various business units where the needs of customers are the major focus at all times.

Appier closes out its financial year with all-time revenue and profitability highs

Strong business momentum supports an optimistic outlook for 2024


Highlights and achievements for fiscal year 2023

  • Surpassed upward revised guidance in terms of total revenues and profit
  • Achieved all-time high annual revenue of 26.4 billion yen with a 36% YoY growth rate
  • Profit soared to a historical high with a 16X increase in operating income, while operating margin grew to 3.0%, net income margin to 3.8%, and EBITDA margin reached 10.7%
  • Annual gross profit expanded at a faster pace than revenue growth at 37% YoY
  • Strong geographic expansion boosted revenues, with revenue from US & EMEA reaching 84% YoY growth, while NEA achieved 40% YoY growth through solid customer expansion
  • Grew customers by 18% with a 15% increase in ARPC, sustaining a low monthly customer churn rate of 0.6%

Guidance for fiscal year 2024

  • Forecast of 31% increase in YoY revenue growth to 34.5 billion yen
  • Gross profit growth is expected to surpass revenue growth at 35% YoY due to further gross margin improvement
  • Increase in operating income by 161% to 2.1 billion yen and double the operating margin to 6.1%
  • Expect a close-to-breakeven core free cash flow as it has improved steadily over time

Highlight and achievements of Q4 FY23

  • Revenue increased by 32% YoY and hit a historical high of 7.6 billion yen
  • The pace of growth in Q4 surpassed revised guidance from November 2023, as gross margin improved to a historical high of 53%, alongside a record-high gross profit of 4 billion yen
  • Operating income rose 220% YoY to a record high of 439 million yen while operating margin reached a historical high of 5.8%
  • Attained quarterly historical high EBITDA margin of 13.7% with growth of 96% YoY

TOKYO, JAPAN – Media OutReach Newswire – 14 February 2024 –

A record-breaking year with strategic expansion and profitable growth

Appier Group Inc (TSE: 4180), henceforth referred to as Appier, today announced its financial earnings results for the fiscal year ended 31 December 2023. Appier closed out the fiscal year of 2023 with all-time revenue highs of 26.4 billion yen and a 36% YoY growth rate.

2023 was a landmark year for Appier, characterized by sustained profitable growth and expansion. This was reflected in the leap in operating income, with a sixteen-fold surge to 801 million yen. This substantial growth improved the operating margin from 0.3% to 3.0%, alongside a net income margin of 3.8% and an EBITDA margin of 10.7%. Furthermore, Appier reported a 37% YoY increase in gross profit, outpacing its revenue growth, a testament to continuous gross margin improvement. Technological advancements have been a cornerstone in enhancing the overall gross margin of Appier’s products, underpinning the company’s successful strategy in boosting profitability margins.

Growth was quantitative and strategic, with the company expanding regionally and vertically. In geographical terms, significant revenue came from the US and EMEA (16%), which saw an 84% YoY growth. The Northeast Asia region (65%) showed a 40% YoY growth due to vertical expansion and a strengthened customer base. Vertically, the company broadened its scope from its traditional stronghold in e-commerce to make strategic inroads into Digital Content, with a YoY growth rate higher than the company average. This multifaceted growth strategy underscores the company’s commitment to diversification and innovation, positioning it for sustained success in the evolving market landscape.

Appier’s overall performance reflects a strategic equilibrium, with 46% of FY23’s incremental revenue originating from existing customers through successful ROI-driven solutions and upsells in E-commerce and Digital Content. Conversely, 54% was secured from new clients, propelled by dynamic US and EMEA expansion alongside targeted Digital Content sector efforts and engagement with larger enterprise customers.

Setting new benchmarks for revenue and profitability

Appier concluded the year on a high note, with Q4 showcasing a remarkable 32% YoY revenue growth, culminating in an unprecedented quarterly revenue of 7.6 billion yen. This growth was complemented by a 34% YoY increase in gross profit to reach 4 billion yen and a significant enhancement in gross margin of 53%, attributed to the company’s pursuit of technological advancements throughout 2023. Operating income also saw an impressive surge of 439 million yen, marking a 220% YoY increase. This robust performance in the final quarter provided a strong tailwind, cementing the year as one of profitable growth and record-high revenues for Appier.

“2023 has been a year of significant growth for Appier, both in terms of revenue and profits, setting a solid foundation for our future,” expressed Dr. Chih-Han Yu, CEO and Co-Founder of Appier. “Our performance this past year demonstrated a well-balanced expansion in our financial metrics, which we’re committed to continuing in 2024. We aim to further our profitable growth, capitalizing on our unique position within the AI industry. Our ability to commercialize cutting-edge AI technologies and drive innovation positions us to enhance our customers’ business outcomes significantly. Looking forward, we are focused on developing a long-endurance AI software enterprise that helps our customers succeed and truly stand out in the AI era.”

Strong business momentum for future growth

Appier’s outlook for 2024 is promising, with the company projecting an annual revenue increase of 31%, aiming to hit 34.5 billion yen. This growth is expected to be accompanied by a 35% YoY gross profit rise and a notable 161% surge in operating income to 2.1 billion yen. Furthermore, Appier anticipates an EBITDA of 4.9 billion yen, marking a 73% growth from the previous year. The company’s steady improvements in core free cash flow are expected to bring the core free cash flow margin close to breakeven in FY24.

The company also targets an operating margin of 6.1%, focusing on engaging with larger enterprises with higher growth opportunities. This strategy will be supported by a well-balanced expansion across various verticals and enhanced by effective upsell and cross-sell tactics, setting Appier for another year of robust growth and profitability.

Incorporating new growth drivers annually is crucial for accelerated expansion, and 2024 is no exception. Appier is poised for positive growth and will continue to harness GenAI’s potential as a core driver of its offerings. Expansion in key regions such as the US, EMEA, and NEA, as well as advancements in the Digital Content sector and penetration in the e-commerce sector, will be central to the company’s growth strategy. These elements collectively form the foundation of its approach to harnessing emerging technologies and market opportunities, driving Appier’s momentum forward in this fiscal year.

Hashtag: #Appier #Earnings #FY23 #Business #ArtificialIntelligence #Marketing


The issuer is solely responsible for the content of this announcement.

About Appier

Appier (TSE: 4180) is a software-as-a-service (SaaS) company that uses artificial intelligence to power business decision-making. Founded in 2012 with a vision of democratizing AI, Appier’s mission is turning AI into ROI by making software intelligent. Appier has 17 offices across APAC, Europe and US and is listed on the Tokyo Stock Exchange. Visit for more company information, and visit for more IR information.

Indonesian Voters Chooses New President in One of the World Largest Elections

Indonesian Voters Chooses New President in One of the World Largest Elections
CORRECTS THE CITY TO BOJONG KONENG - A woman casts her ballot at a polling station during the election in Bojong Koneng, Indonesia, Wednesday, 14 February 2024 Millions of Indonesians were choosing a new president Wednesday as the world's third-largest democracy aspires to become a global economic powerhouse just over 25 years since emerging from a brutal authoritarian era. Vincent Thian - staff, ASSOCIATED PRESS

Indonesian voters were choosing a new president Wednesday as the world’s third-largest democracy aspires to become a global economic powerhouse a quarter-century after shaking off a brutal dictatorship.

Love is in the Air: Voices From Laos on Valentine’s Day

Representational image (Photo: India TV News)

Valentine’s Day is not an official holiday in Laos, yet the entire country embraces a celebratory spirit every 14th of February. 

ROSEN, A LONGSTANDING LAW FIRM, Encourages Cummins Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – CMI

New York, New York – Newsfile Corp. – February 13, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Cummins Inc. (NYSE: CMI) between April 30, 2019 and December 21, 2023, both dates inclusive (the “Class Period”), of the important March 15, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Cummins 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 Cummins class action, go to https://rosenlegal.com/submit-form/?case_id=21566 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 March 15, 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 throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) contrary to its post-April 2019 Announcement assurances about its commitment to compliance, Cummins continued to produce engines with unlawful emission defeating devices from 2019 to 2023; (2) accordingly, Cummins understated its legal and regulatory risk, and overstated its commitment to environmental protection, and (3) 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 Cummins class action, go to https://rosenlegal.com/submit-form/?case_id=21566 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

The issuer is solely responsible for the content of this announcement.

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Dada Nexus Limited Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – DADA

New York, New York – Newsfile Corp. – February 13, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Dada Nexus Limited (NASDAQ: DADA) between May 11, 2023 and January 8, 2024, both dates inclusive (the “Class Period”), of the important March 11, 2024 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Dada 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 Dada class action, go to https://rosenlegal.com/submit-form/?case_id=21670 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 March 11, 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 throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Dada revenues from online advertising, marketing services, and operations and support costs were materially overstated; (2) as a result, Dada would need to conduct an independent review to ascertain the financial impact and the scope of suspicious practices that led to overstated revenues and costs; and (3) 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 Dada class action, go to https://rosenlegal.com/submit-form/?case_id=21670 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

The issuer is solely responsible for the content of this announcement.

ROSEN, NATIONAL TRIAL LAWYERS, Encourages British American Tobacco p.l.c Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – BTI

New York, New York – Newsfile Corp. – February 13, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of British American Tobacco p.l.c. (NYSE: BTI) between February 9, 2023 and December 6, 2023, both dates inclusive (the “Class Period”), of the important March 25, 2024 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased British American Tobacco 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 British American Tobacco class action, go to https://rosenlegal.com/submit-form/?case_id=20894 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 March 25, 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) British American Tobacco materially understated the risks and potential likelihood of an impairment to its Premium American Cigarette Brands as a result of longstanding headwinds and; (2) 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 British American Tobacco class action, go to https://rosenlegal.com/submit-form/?case_id=20894 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

The issuer is solely responsible for the content of this announcement.

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Cassava Sciences, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SAVA

New York, New York – Newsfile Corp. – February 13, 2024 – WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Cassava Sciences, Inc. (NASDAQ: SAVA) between August 18, 2022 and October 12, 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 April 2, 2024.

SO WHAT: If you purchased Cassava 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 Cassava class action, go to https://rosenlegal.com/submit-form/?case_id=22374 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 April 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. 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 materially false and misleading statements regarding Cassava’s business, operations, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) Cassava failed to maintain adequate and effective data management controls and procedures related to its drug research programs; (2) as a result, the data published in support of simufilam, Cassava’s lead therapeutic drug candidate, were susceptible to manipulation to overstate the drug’s effectiveness; (3) accordingly, Cassava had misrepresented the efficacy of its research programs and the clinical and/or commercial prospects of simufilam; (4) all of the foregoing, once revealed, was likely to subject Cassava to significant financial and/or reputational harm; and (5) as a result, Cassava’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 Cassava class action, go to https://rosenlegal.com/submit-form/?case_id=22374 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

The issuer is solely responsible for the content of this announcement.