March 4, 2023

BROS EQUITY ALERT: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Dutch Bros, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – BROS

NEW YORK, March 03, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Dutch Bros, Inc. (NYSE: BROS) between March 1, 2022 and May 11, 2022, 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 May 1, 2023.

SO WHAT: If you purchased Dutch Bros 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 Dutch Bros class action, go to https://rosenlegal.com/submit-form/?case_id=12586 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 May 1, 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. 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 made materially false and/or misleading statements, and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company was experiencing increased costs and expenses, including on dairy; (2) as a result, the Company was experiencing increased margin pressure and decreased profitability in the first quarter of 2022; and (3) as a result of the foregoing, Defendants’ 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 Dutch Bros class action, go to https://rosenlegal.com/submit-form/?case_id=12586 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.

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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 8781413

March 4, 2023

CGNT EQUITY ALERT: ROSEN, A TOP RANKED GLOBAL COUNSEL, Encourages Cognyte Software Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CGNT

NEW YORK, March 03, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Cognyte Software Ltd. (NASDAQ: CGNT) between February 2, 2021 and June 28, 2022, 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 May 1, 2023.

SO WHAT: If you purchased Cognyte 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 Cognyte class action, go to https://rosenlegal.com/submit-form/?case_id=12578 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 May 1, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class misled investors and/or failed to disclose that Cognyte created, distributed, and provided reconnaissance tools and services that violated community standards and terms of service of communication network sources and technologies, such as Facebook, exposing the Company to significant financial and reputational risk. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Cognyte class action, go to https://rosenlegal.com/submit-form/?case_id=12578 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.

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/.

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GlobeNewswire Distribution ID 8781403

March 4, 2023

ROSEN, GLOBALLY RESPECTED INVESTOR COUNSEL, Encourages VBit Technologies Corp., VBit Mining LLC Investors to Secure Counsel Before Important Deadline in Securities Class Action

NEW YORK, March 03, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of VBit Technologies Corp., VBit Mining LLC (Collectively, “VBit”) securities, which were unregistered in the form of investment contracts, between January 1, 2019 and February 13, 2023, inclusive (the “Class Period”), of the important April 17, 2023 lead plaintiff deadline.

SO WHAT: If you purchased VBit securities, which were in the form of investment contracts, 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 VBit class action, go to https://rosenlegal.com/submit-form/?case_id=12202 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 17, 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 violated provisions of the Exchange Act by making false and misleading statements and omitting material information concerning VBit’s mining operations. The lawsuit also alleges that defendants violated the Securities Act by offering, selling and soliciting unregistered securities.

To join the VBit class action, go to https://rosenlegal.com/submit-form/?case_id=12202 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.

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/.

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GlobeNewswire Distribution ID 8781452

March 4, 2023

ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages Tesla, Inc. Investors With Losses to Secure Counsel Before Important Deadline in Securities Class Action – TSLA

NEW YORK, March 03, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Tesla, Inc. (NASDAQ: TSLA) between February 19, 2019 and February 17, 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 28, 2023.

SO WHAT: If you purchased Tesla 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 Tesla class action, go to https://rosenlegal.com/submit-form/?case_id=12483 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 28, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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) defendants had overstated the efficacy, viability, and safety of the Company’s Autopilot and Full Self-Driving “FSD” technologies; (2) Tesla’s Autopilot and FSD technologies created a serious risk of accident and injury; (3) as a result of the foregoing, Tesla was subjected to an increased risk of regulatory and governmental scrutiny and enforcement action, as well as reputational harm; (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Tesla class action, go to https://rosenlegal.com/submit-form/?case_id=12483 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.

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/.

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GlobeNewswire Distribution ID 8781446

March 4, 2023

ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Honda Motor Co., Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action – HMC

NEW YORK, March 03, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of American Depository Shares (“ADSs”) of Honda Motor Co., Ltd. (NYSE: HMC) between June 20, 2018 and September 28, 2022, both dates inclusive (the “Class Period”) of the important April 3, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Honda ADSs 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 Honda class action, go to https://rosenlegal.com/submit-form/?case_id=11692 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 3, 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) Honda had overstated the safety and effectiveness of the Idle Stop engine feature; (2) Honda maintained deficient disclosure controls and procedures with respect to product quality and safety; (3) as a result of the foregoing deficiencies, Honda failed to prevent American Honda from marketing and selling thousands of vehicles that contained a defective Idle Stop feature; (4) the foregoing conduct subjected the Company and/or its subsidiaries to a heightened risk of litigation, as well as financial and/or reputational harm; and (5) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Honda class action, go to https://rosenlegal.com/submit-form/?case_id=11692 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.

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/.

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GlobeNewswire Distribution ID 8781417

March 4, 2023

5 things you need to know about the world’s least developed countries

Three years after the world began to shut down as COVID-19 took hold, the UN and other partners will gather in Doha, Qatar, to deliver a historic new compact to support the countries whose vulnerabilities the pandemic most exposed.

The conference of Least Developed Countries or LDCs takes place every 10 years and this year’s meeting from 5 to 9 March 2023, known as LDC5, will focus on returning the needs of the 46 designated countries to the top of the global agenda and supporting them as they strive to get back on track to sustainable development.

1. What is a Least Developed Country?

The Least Developed Countries (LDCs) are countries listed by the United Nations that exhibit the lowest indicators of socioeconomic development across a range of indexes. All LDCs have a gross national per capita income (GNI) of below USD$1,018; compare that to almost $71,000 in the United States, $44,000 in France, $9,900 in Turkey and $6,530 in South Africa according to data from World Bank.

These countries also have low scores on the indicators for nutrition, health, school enrolment and literacy and high scores for economic and environmental vulnerability, which measures factors such as remoteness, dependence on agriculture and exposure to natural disasters.

There are currently 46 LDCs, the vast majority of which are in Africa [see box below]. The list is reviewed every three years by the UN Economic and Social Council. Six countries have graduated from LDC status between 1994 and 2020.

2. What are the challenges facing the least developed countries?

Today, the 46 LDCs are home to some 1.1 billion people, that’s 14 per cent of the world’s population, and more than 75 per cent of those people still live in poverty.

More than other countries, LDCs are at risk of deepening poverty and remaining in a situation of underdevelopment. They are also vulnerable to external economic shocks, natural and man-made disasters, communicable diseases and crucially climate change.

Currently, the planet is on course to warm by about 2.7°C this century, which would devastate LDCs. These countries have contributed the least to carbon emissions, and yet face some of the highest risks from climate change.

Meanwhile, LDCs are among those most affected by COVID-19; all but eight experienced negative growth rates in 2020 and the pandemic fall-out is predicted to last longer than in richer countries.

Debt is a major problem for all LDCs: four are classified as in debt distress (Mozambique, Sao Tome and Principe, Somalia and Sudan) and 16 LDCs are at high risk of debt distress.

As such, LDCs require the highest level of attention from the international community.

3. How can the United Nations and the international community help LDCs?

The UN system’s efforts to reverse the increasing marginalisation of LDCs in the global economy and to put them on a path to sustainable growth and development date back to the 1960s.

Since then, the UN has paid special attention to LDCs, recognising them as the most vulnerable in the international community and granting them certain benefits including:

Development financing: notably grants and loans from donors and financial institutions.

Multilateral trading system: such as preferential market access and special treatments.

Technical assistance: notably, towards supporting trade.

The first LDC conference was held in Paris, France in 1981 and LDC5, marking the 50th anniversary was due to be held in March 2022, but was postponed to this year due to COVID.

4. What is the Doha Programme of Action?

The Doha Programme of Action (or DPoA, for acronym lovers!) is the development road map for LDCs agreed in March 2022.

It includes six key focus areas:

Eradicating poverty and building capacity.

Leveraging the power of science, technology, and innovation to fight vulnerabilities and to achieve the SDGs.

Supporting structural transformation as a driver of prosperity.

Enhancing international trade of LDCs and regional integration.

Addressing climate change, environmental degradation, recovering from COVID-19 pandemic and building resilience against future shocks.

Mobilizing international solidarity and reinvigorating global partnerships.

The full implementation of the DPoA will help LDCs to address the COVID-19 pandemic and the resulting negative socio-economic impacts and enable them to get back on track to achieve the SDGs including addressing climate change.

The full text of the Doha Programme of Action is available here in the 6 UN official languages.

5. What can we expect from LDC5?

The UN, LDCs, Heads of State and Government, development partners, the private sector, civil society, parliamentarians, and youth will come together to agree partnerships, commitments, innovations and plans in an effort to reach the SDGs.

The UN Secretary-General is due to address the conference and has already highlighted the importance of supporting LDCs.

“The Doha Programme of Action reminds us that global recovery depends on LDCs getting the support they need. They need bold investments in health, education and social protection systems — all the resources required to fully implement Agenda 2030 and the Sustainable Development Goals.”

As LDCs take the first step towards those goals, they will meet certain targets which will enable them to graduate from the least developed country status.

Six countries have gone through this process: Botswana (in 1994), Cape Verde (2007), Maldives (2011), Samoa (2014), Equatorial Guinea (2017), and Vanuatu (2020).

List of Least Developed Countries:

The following 46 countries were listed as LDCs by the UN as of March 2023:

Africa (33): Angola, Benin, Burkina Faso, Burundi, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Djibouti, Eritrea, Ethiopia, Gambia, Guinea, Guinea-Bissau, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mozambique, Niger, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Tanzania, Togo, Uganda, and Zambia

Asia (9): Afghanistan, Bangladesh, Bhutan, Cambodia, Lao People’s Democratic Republic, Myanmar, Nepal, Timor-Leste and Yemen

Caribbean (1): Haiti

Pacific (3): Kiribati, Solomon Islands and Tuval

Source: UN News Service