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ROSEN, A Top Ranked Law Firm, Encourages Techtronic Industries Company Limited Investors with Losses to Inquire About Securities Class Action Investigation – TTNDY

New York, New York – Newsfile Corp. – April 15, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Techtronic Industries Company Limited (OTC Pink: TTNDY) resulting from allegations that Techtronic may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Techtronic 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=12551 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 February 22, 2023, Jehoshaphat Research published a report alleging that the Company has been “inflating its profits dramatically for over a decade with manipulative accounting.” Specifically, Jehoshaphat Research accuses the Company of deceptively managing costs “[b]y stuffing billions of dollars’ worth of routine expenses into various asset accounts, year after year;” an accounting trick referred to as “snowballing.” Jehoshaphat Research observes that every year, Techtronic disposes of large amounts of tangible assets, such as Property, Plant & Equipment, at near-total losses on sale, signifying that the Company is capitalizing routine business expenses into assets. The report also accused Techtronic of ignoring its own accounting policy on bad debt provisions in order to delay expenses.

On this news, Techtronic’s stock price fell $3.55 per share, or 5.7%, to close at $58.70 per share on February 22, 2023.

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

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

ROSEN, A Leading Law Firm, Encourages Horizon Bancorp, Inc. Investors with Losses to Inquire About Class Action Investigation – HBNC

New York, New York – Newsfile Corp. – April 15, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Horizon Bancorp, Inc. (NASDAQ: HBNC) resulting from allegations that Horizon Bank may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Horizon Bank 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=12953 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 10, 2023, after trading hours, Horizon Bank filed a current report on Form 8-K as well as a late filing notice with the Securities & Exchange Commission (“SEC”). In these filings, Horizon Bank announced that it had received a notice from NASDAQ as a result of failing to timely file its annual report, and that it had identified material weaknesses in its internal controls.

Specifically, the material weaknesses in internal controls issues related to “(i) accounting revisions of previously issued financial statements with respect to the classification of sold commercial loan participation balances, the reporting of indirect loan dealer reserve asset balances and related amortization expense and the classification of certain available for sale and held to maturity securities from private labeled mortgage-backed pools to federal agency mortgage pool, which revisions were previously disclosed in the Earnings Release and the Company’s Form 10-Q filings during 2022, in addition to errors in previously issued financial statement disclosures relating to the transfer of available for sale to held to maturity securities and the cash flow classification of repurchases of outstanding stock from an investing activity to a financing activity, which will be disclosed for the first time in the 2022 Form 10-K, and (ii) a calculation error in the Company’s public float as noted above.”

On this news, the price of Horizon Bank’s stock fell $1.43, or 10%, on March 13, 2023, the next trading day.

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.

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.

ROSEN, A Top Ranked Law Firm, Encourages adidas AG Investors with Losses to Inquire About Securities Class Action Investigation – ADDYY, ADDDF

New York, New York – Newsfile Corp. – April 15, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of adidas AG (OTCQX: ADDYY) (OTCQX: ADDDF) resulting from allegations that adidas may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased adidas 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=12204 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 October 25, 2022, adidas ended its lucrative business partnership with Kanye West (under which it sold products designed by West under the brand name “Yeezy”) as a result of his anti-Semitic rhetoric.

On November 27, 2022, The Wall Street Journal published an article entitled “Adidas Top Executives Discussed Risk of Staff’s ‘Direct Exposure’ to Kanye West Years Ago.” According to the article, as early as 2018, adidas executives discussed ending the business partnership with West as a result of his behavior. Reportedly adidas feared continuing the relationship with West, as they feared it could “blow up” at any moment. The article added that West made anti-Semitic statements in front of adidas staff, and that he told adidas staff that he was considering naming an album after Adolf Hitler.

On February 9, 2023 adidas announced that “while the company continues to review future options for the utilization of its Yeezy inventory, this guidance already accounts for the significant adverse impact from not selling the existing stock. This would lower revenues by around € 1.2 billion and operating profit by around € 500 million this year.” Further, “should the company irrevocably decide not to repurpose any of the existing Yeezy product going forward, this would result in the write-off of the existing Yeezy inventory and would lower the company’s operating profit by an additional € 500 million this year. In addition, adidas expects one-off costs of up to € 200 million in 2023. These costs are part of a strategic review the company is currently conducting aimed at reigniting profitable growth as of 2024. If all these effects were to materialize, the company would expect to report an operating loss of € 700 million in 2023.” adidas’ CEO stated, “[t]he numbers speak for themselves. We are currently not performing the way we should[.]”

As a result of these adverse disclosures the price of adidas securities have fallen, damaging investors.

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

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

VinFast exports next batch of 1,879 VF 8 vehicles to North America

HAI PHONG, VIETNAM – Media OutReach – 17 April 2023 VinFast announced the shipment of the second batch of 1,879 VF 8 vehicles to the US and Canada. The vehicles are expected to be delivered to US customers in May and to Canadian customers in June.

Shipment - 09[7].jpg

The Silver Queen departed from the MPC Port in Haiphong, Vietnam for North America. The ship is expected to arrive at the Port of Benicia in California after more than 20 days at sea. Upon arrival, VinFast will hand over 1,098 VF 8 vehicles to the US market and will continue the journey with the remaining 781 vehicles to Canada afterwards.

This is the second exported EV batch of VinFast, and the first exported VF 8 standard batch to the international market. The VF 8 standard comes in two trim levels – the Eco and the Plus, which offer a higher estimated range* than the existing “City Edition” that VinFast delivered to US customers in March of this year.

The VF 8 Eco is equipped with a 260 kW maximum power electric motor reaching a maximum torque of 500Nm. At the same time, the Plus trim comes with a maximum power of 300 kW and maximum torque of 620Nm.

The VF 8 Standard is also equipped with the Advanced Driver Assistance System (ADAS), providing a wide range of features that will be enhanced and updated regularly with technologies such as highway assist, auto lane changing assist, fully-automated parking assistance, smart summon mode, remote parking and more.

Smart Services are integrated with immersive features such as virtual assistant and remote control via the VinFast app. In addition, convenience features such as online shopping along with in-car home and office services, etc. will provide an immersive experience to consumers.

After completing imported procedures and required licenses and certificates, VinFast expects to hand over these VF 8 standards to the US customers in May and Canadian customers in June.

For the European markets, the first exported batch is expected to commence in mid-July 2023 with 700 VF 8 vehicles.

In the past year, VinFast has continued to expand its global business network opening more than 30 retail stores and service centers in the US, Canada, Germany, France, and the Netherlands, to serve consumers in these key markets.

In Vietnam, VinFast officially delivered the first VF 9 all-electric SUVs to customers in March 2023 and expects to deliver the new subcompact VF 5 Plus models in April 2023.

On a global scale, VinFast will soon open reservations for VF 6 and VF 7 and deliver VF 9 vehicles to customers who have made reservations.

* The official EPA ranges will be announced when available.

Hashtag: #VinFast #Vingroup #VF8

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

About VinFast

VinFast – a member of Vingroup – envisioned to drive the movement of global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90% automation in Hai Phong, Vietnam. Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at:

VinFast Safe Harbor Disclosure

This news release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and include VinFast’s expectations. Forward-looking statements typically can be identified by the use of words such as “will,” “expect,” “believe,” and similar terms. While these forward-looking statements represent VinFast’s current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. Factors that could cause actual results to differ materially from those contemplated above include, but are not limited to, general economic conditions, hazards customary in the automotive industry, competition in certain markets, the volatility of battery prices, failure of customers to perform under contracts, changes in government regulation of markets and of environmental emissions, and our ability to achieve the expected benefits and timing of our electric vehicle projects. VinFast undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors that could cause VinFast’s actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect VinFast’s future results.

ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages Mallinckrodt plc Investors to Inquire About Securities Class Action Investigation – MNK

New York, New York – Newsfile Corp. – April 15, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, continues investigating potential securities claims on behalf of shareholders of Mallinckrodt plc (NYSE American: MNK) resulting from allegations that Mallinckrodt may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Mallinckrodt 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=13407 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 17, 2023, The Buxton Helmsley Group, Inc., a “New York City-based investment advisor to clients with financial interests in Mallinckrodt Plc.” issued two open letters and press releases, later corrected. In a corrected press release, Buxton Helmsley Group alleged that it is “delivering the results of an extensive investigation into financial misconduct at the Company involving an evidenced scheme of concealing asset value depreciation/impairment expenses, in violation of GAAP ASC 350, 360 and Regulation S-X, taking place both before and after the Company’s Chapter 11 Reorganization.”

The Buxton Helmsley Group also alleged that it is “demanding the restatement of the historical financial statements of the Company, and demanding write-downs of post-reorganization asset values based on the Company’s prior-professed standards of determining the fair value of asset’s securing the Company’s capital structure.”

On this news, the price of Mallinckrodt’s stock price fell 5% to close at $7.78 per share on March 20, 2023.

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

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

CPA Australia: Hong Kong small businesses tip record overseas sales and innovation

  • Hong Kong’s small businesses have high expectations for growth.
  • A record nine-in-10 small businesses expect to innovate in 2023.
  • Revenue from overseas sales and innovation will support recovery and long-term growth.

HONG KONG SAR – Media OutReach – 16 April 2023 – More of Hong Kong’s small businesses expect to grow this year than at any other time since 2011, after bouncing back from COVID-19. They have record expectations for innovation and overseas sales in 2023, according to one of the world’s largest professional accounting bodies.

Media Photo.jpg
From left to right: Mr Cliff Ip FCPA (Aust.) – Divisional Deputy President 2023, CPA Australia Greater China, Mr Davy Leung FCPA (Aust.) – Deputy Chairperson of SME Committee, CPA Australia Greater China

Driven by improvements in Hong Kong’s economy, CPA Australia’s latest Asia-Pacific Small Business Survey shows 66 per cent of local small businesses expect to grow this year. This annual survey collected views from 4,280 small businesses in 11 Asia-Pacific markets including 312 respondents from Hong Kong.

The reopening of borders and improved economy resulted in the highest percentage of Hong Kong small businesses (74 per cent) expecting to grow overseas sales on record. The annual survey began in 2009. This result exceeded all other surveyed markets.

Growing confidence also led to another record-busting result, with 89 per cent planning to innovate in the next 12 months.

“This optimistic sentiment can be partly attributed to the recovery from the low-base of the past three years,” said Cliff Ip, Deputy Divisional President of CPA Australia – Greater China.

Small businesses in Hong Kong bounced back to 2018 growth levels. More than half (56 per cent) grew in 2022. The 2023 outlook is upbeat, with 65 per cent expecting economic growth.

“Bolstered by government relief measures, small businesses in Hong Kong overcame a particularly challenging period and recovered quickly in the second half of 2022. Those that maintained innovation and technology at the heart of their business and sought external support weathered COVID-19 the best and are most likely to thrive in 2023.”

“As an export-oriented services economy, the government is looking to drive tourism and attract foreign investment. Hong Kong’s full reopening presents exciting opportunities for small businesses. They can expand by introducing new products and services. Helping that expansion are government incentives to tap into emerging markets, especially countries in ASEAN and the United Arab Emirates.”

Business optimism this year is also prompting a new recruitment wave. More than half (58 per cent) expect to increase headcount this year, up from 26 per cent in 2022.

“The government’s Employment Support Scheme encouraged employers to retain and hire staff, with 54 per cent of Hong Kong small businesses increasing employee numbers last year. As Hong Kong returns to normality, businesses are more eager to hire staff. This is an obvious recovery signal. However, market competition for talent has become fierce and many will need to rely on technology to manage staff shortages.”

Revenue from online sales grew significantly in 2022. Seventy-eight per cent of Hong Kong’s small businesses earned more than 10 per cent of revenue from e-commerce, up 25 percentage points from 2021.

Eighty-four per cent received more than 10 per cent of sales through digital payment technologies, such as Octopus, Alipay and PayMe. This was up from 59 per cent in 2021. Over six-in-10 said their technology investment improved profitability.

“The government’s HK$10,000 e-consumption voucher scheme was a major incentive to encourage digital transformation,” Davy Leung, Deputy Chairperson of CPA Australia’s Small and Medium Enterprises Committee – Greater China, said.

An easing financing condition is another positive factor that helped Hong Kong small businesses manage their liquidity in the difficult time. Last year, 74 per cent sought external funds, largely from banks and government grants. Seven-in-10 found it easy to access these external funds.

“More than a quarter of local small businesses nominated government grants or funds as their main source of external finance last year. Among these respondents, 92 per cent found it easy to access such funding. This implies that government measures, such as the SME Financing Guarantee Scheme and those under the Anti-Epidemic Fund, were well designed.

“A record number of small businesses (91 per cent) are planning to seek external funds this year. Small businesses have benefitted from a better financing environment but they shouldn’t rely solely on short-term measures introduced by the government. Maintaining liquidity and improving cashflow are essential, especially when costs are increasing.”

Seeking external advice is another noticeable characteristic. Ninety-three per cent of Hong Kong’s small businesses sought advice in 2022, with most having consulted with a bank or finance company and IT consultants.

“Technologies, business conditions and regulations can change quickly. Professional advice is important to small businesses to put them on the right track to overcome challenges.”
Hashtag: #CPAAustralia #Business #Economics #SME

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

About CPA Australia

CPA Australia is one of the largest professional accounting bodies in the world, with more than 172,000 members in over 100 countries and regions, including more than 22,200 members in Greater China. CPA Australia has been operating in Hong Kong since 1955 and opened our Hong Kong office in 1989. Our core services include education, training, technical support and advocacy. CPA Australia provides thought leadership on local, national and international issues affecting the accounting profession and public interest. We engage with governments, regulators and industries to advocate policies that stimulate sustainable economic growth and have positive business and public outcomes. Find out more at

SQ INVESTOR NEWS: ROSEN, GLOBALLY RESPECTED INVESTOR COUNSEL, Encourages Block, Inc. f/k/a Square, Inc. Investors With Losses to Inquire About Class Action Investigation – SQ

New York, New York – Newsfile Corp. – April 15, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Block, Inc. f/k/a Square, Inc. (NYSE: SQ) resulting from allegations that Block, Inc. may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Block 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=13546 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 23, 2023, before the market opened, market analyst Hindenburg Research released a report entitled “Block: How Inflated User Metrics and “Frictionless” Fraud Facilitation Enabled Insiders to Cash Out Over $1 Billion.” Hindenburg’s research, which took place over a two-year period and involved “dozens of interviews with former employees, partners, and industry experts, extensive review of regulatory and litigation records” led it to conclude that the “‘magic’ behind Block’s business has not been disruptive innovation, but rather the company’s willingness to facilitate fraud against consumers and the government, avoid regulation, dress up predatory loans and fees as revolutionary technology, and mislead investors with inflated metrics.” The report further alleged, among other things, that Block had “wildly overstated” its user accounts and provided banking services to violent criminals.

On this news, the price of Block’s stock declined by as much as 20% in intraday trading before closing at $61.88 on March 23, 2023, a 14.8% decline from the prior day.

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.

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.

Samsung Electronics Celebrates Next Generation Asian Female Golfers

SINGAPORE – Media OutReach – 15 April 2023 – Samsung Electronics celebrated the newly crowned Women’s Amateur Asia-Pacific (WAAP) champion, Eila Galitsky of Thailand for her astonishing performance at the fifth edition of the championship held recently in Singapore. As champion and player with best round on the final day, Galitsky had brought home the new Samsung Galaxy S23 Ultra and Galaxy Buds2 Pro – in addition to her championship prizes, and the opportunity to advance to three other major championships.

Ronnie Ng, Head of Mobile Experience, Samsung Electronics Singapore (right), presenting newly crowned Women’s Amateur Asia-Pacific champion, Thailand's Eila Galitsky (left), with the Galaxy S23 Ultra and Galaxy Buds2 Pro
Ronnie Ng, Head of Mobile Experience, Samsung Electronics Singapore (right), presenting newly crowned Women’s Amateur Asia-Pacific champion, Thailand’s Eila Galitsky (left), with the Galaxy S23 Ultra and Galaxy Buds2 Pro

“Samsung is proud to partner with R&A and APGC in this journey to nurture amateur golfers from the region. It is exciting to see a growing crop of young, female talents who are passionate about the sport of golf, and we are proud to be part of their journey at WAAP,” said Ronnie Ng, Head of Mobile Experience, Samsung Electronics Singapore.

“At Samsung, we believe that diversity drives innovation and growth. Through our support for the WAAP, we hope to celebrate women in sport and to also better engage with our consumers who are passionate about golf and sports,” Ng added.

Dominic Wall, Director – Asia-Pacific at The R&A said: “Samsung has been a longstanding partner of the WAAP, and we appreciate their support for the tournament which also creates greater exposure for the players. Many of them are in early stages of their careers, and support from global brands like Samsung can help propel these young talents onto international stages. In addition, we want to be exploring how technology can support us better. Samsung’s partnership with us also allowed us to use their Galaxy tablets to keep score, which was efficient for our tournament team.”

During the WAAP Championship which was held at the Singapore Island Country Club (SICC), Samsung also arranged on-ground activities for young golfers, championship officials and visitors to see and try out the latest Galaxy S23 series. Visitors also tried out mobile gaming with the smartphone and learned about how they can maximise their mobile experiences with One UI 5.1’s customisation and personalisation options.

WAAP golfers also had the opportunity to use the latest Galaxy S23 Ultra to capture epic moments at the tournament. The Galaxy S23 Ultra boasts a 200MP Adaptive Pixel sensor and 100x Space Zoom, which is perfect for capturing sporting moments in epic details when users are far from the putting greens.

Catch the highlights of the WAAP Championship here.

To learn more about the Galaxy S23 series, visit https://www.samsung.com/sg/smartphones/galaxy-s23-ultra/ and https://www.samsung.com/sg/smartphones/galaxy-s23/
Hashtag: #SamsungElectronics

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

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at