July 1, 2023

CVNA INVESTOR NEWS: ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Carvana Co. Investors With Losses to Inquire About Securities Class Action Investigation – CVNA

NEW YORK, July 01, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Carvana Co. (NYSE: CVNA) resulting from allegations that Carvana may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Carvana 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=17341 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 June 23, 2023, before the market opened, Forbes released an article entitled “The Untold Story of HyperSport, Carvana’s Mysterious And Scandal-Plagued Former Vendor.” The article stated, in pertinent part, that HyperSport was submitting duplicate invoices to Carvana, which were then in turn being processed. As one Carvana manager stated, “they would charge multiple times for the same repair. I know for a fact they were doing that.” The article also alleged that even though Carvana has never disclosed a relationship with HyperSport in its filings, that the two firms are linked. Specifically, it alleged that HyperSport technicians worked alongside Carvana technicians despite being underqualified. The reason for this relationship, the article alleged, was that “HyperSport was controlled by a Carvana manager or his associates- and that as a result, HyperSport was incentivized to push through duplicate invoices to Carvana and skimp on buying its own supplies.” A former Carvana employee was quoted in the article as saying “we had a feeling that someone was getting a kickback out of this. It didn’t make sense.”

On this news, the price of Carvana stock plummeted by $4.13 per share, or 16.1%, as compared to the prior close, to close at $21.41 on June 23, 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.

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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 8867793

July 1, 2023

TDS FINAL DEADLINE MONDAY: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Telephone and Data Systems, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important July 3 Deadline in Securities Class Action – TDS, TDS-PU, TDS-PV

NEW YORK, July 01, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Telephone and Data Systems, Inc. (NYSE: TDS, TDS-PU, TDS-PV) between May 6, 2022 and November 3, 2022, both dates inclusive (the “Class Period”), of the important July 3, 2023 lead plaintiff deadline.

SO WHAT: If you purchased TDS 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 TDS class action, go to https://rosenlegal.com/submit-form/?case_id=15807 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 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 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, TDS and its subsidiary, United States Cellular Corporation (“UScellular”), made false and/or misleading statements and/or failed to disclose that: (1) defendants had no reason to believe UScellular’s “free upgrade” promotional activity, which was tested and trialed during the second quarter of 2022, was effective at reducing the Company’s postpaid churn rate as they represented to investors, as opposed to merely adding new postpaid subscribers, when its churn rate was actually increasing or remaining constant over most quarters in the class period; (2) UScellular was not making progress with respect to its churn rate, as it represented to investors; (3) UScellular was not in fact balancing its promotional activity and its profitability; (4) due to extreme competition among postpaid carriers, UScellular did not have the flexibility to offset the costs from widespread, expensive promotions with price increases; and (5) as a result of the Companies’ decision for UScellular to continue engaging in heavy promotions to address its postpaid subscriber churn rate despite any lack of positive impact on churn rate, UScellular’s profitability substantially declined. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the TDS class action, go to https://rosenlegal.com/submit-form/?case_id=15807 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.

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Contact Information:

GlobeNewswire Distribution ID 8867777

July 1, 2023

HAJJ HASSAN SALUTES SOUTHERNERS FOR THEIR LEGENDARY STEADFASTNESS

Caretaker Minister of Agriculture, Abbas Hajj Hassan, tweeted today: “A tribute to our people in the South for their legendary steadfastness…These are the plains of wheat in the town of Al-Khiam, abundant yields in a land that practiced giving and offered martyrs, and today it provides its share in national food security.”

Source: National News Agency – Lebanon

July 1, 2023

MAHFOUD REGRETS GOVERNMENT’S ABSTENTION FROM VOTING ON DECISION TO INVESTIGATE FATE OF THE MISSING: A NATIONAL, HUMANITARIAN RESPONSIBILITY BEFORE WHICH ALL CONSIDERATIONS FALL

Head of the Change Movement, Attorney Elie Mahfoud, held a press conference on Saturday, in the presence of a representative of the “Lebanese Association for Abductees Released from Syrian Prisons”, Elias Tanios. Mahfoud said, in response to Lebanon’s position regarding its abstention from voting to establish an independent commission to investigate the missing: “The establishment of an independent institution by the United Nations in order to clarify the fate of tens of thousands of missing persons in Syria over the past 12 years is an excellent step, especially since we are concerned with the issue of kidnapping and disappearance with the Syrian regime. He added, “We have been provoked by the position of the Lebanese Foreign Minister, who announced the abstention along with a number of Arab countries from voting in favor of a draft resolution in the United Nations General Assembly that stipulates the establishment of an independent commission to find out the fate of the missing and forcibly disappeared persons in Syria.” He continued, “The issue is moral before anything else, and the issue is humanitarian before any political considerations.” “The importance of the decision is that it is not confined to the years of the Syrian war only, but includes long periods, and this is what will affect Lebanon directly, and despite the fact that the aforementioned decision avoided entering into political divisions and was keen to present the project in a form that does not show its targeting of the Syrian regime, yet the position of the Assad regime is clear, as this regime views this decision as an attempt to interfere in Syria’s internal affairs,” Mahfoud went on. He regretted that the caretaker government took sides and chose Assad, saying, “Between the interest of Lebanon or the arrangement of the relationship with Assad, it was clear that it took sides and chose Assad, who is still kidnapping hundreds of Lebanese.” wakhatam mahfuda: “fi mawdue almafqudin maswuwliatan wataniatan wansaniatan tasqut amamaha kulu alaietibarat ala adha ghabat aljur’at fi aitikhadh almawqif alwatanii khawfan min mawqif tadibiin min fayid alquati. sanutabie alqadiat mae ‘ahzabina wanuaabina walkutal alati tushbihuna walmawdue lan yamura li’anana sanatasadaa likuli muhawalat litams qadiat almuetaqalin fi suria”. Mahfoud concluded: “We will follow up on the issue with our parties, representatives, and blocs that resemble us, for this matter will not pass because we will confront every attempt to obliterate the issue of detainees in Syria.”

Source: National News Agency – Lebanon

July 1, 2023

TURKISH-SAUDI CONTACTS PRECEDE THE EXTRAORDINARY MEETING OF THE ORGANIZATION OF ISLAMIC COOPERATION

Today, Turkish Foreign Minister Hakan Fidan held telephone talks with his Saudi counterpart, Faisal bin Farhan. According to “Russia Today”, the talks dealt with the extraordinary meeting of the Organization of Islamic Cooperation, which will be held in the city of Jeddah, western Saudi Arabia, tomorrow, Sunday, to discuss the incident of burning the Holy Qur’an in the Swedish capital, Stockholm, on the first day of Eid al-Adha. According to Turkish media, the two ministers also discussed issues of combating Islamophobia and ways of cooperation in regional issues. The Turkish media quoted sources as saying that the extraordinary meeting of the Executive Committee will be held for open participation, and will be attended by the permanent representatives of all member states of the Organization of Islamic Cooperation. It will also be attended by the member states of the Executive Committee of the Organization of Islamic Cooperation, which includes Turkey, Saudi Arabia, Gambia, Pakistan, Mauritania and Cameroon. The meeting aims to discuss the measures to be taken against these “despicable acts” targeting the Holy Qur’an and to unify a common position against this act.

Source: National News Agency – Lebanon

July 1, 2023

MP GEAGEA DENOUNCES QORNET AL-SAWDA INCIDENT: A HEINOUS CRIME THAT TOOK PLACE IN BROAD DAYLIGHT, SOLUTION LIES IN BRINGING PERPETRATORS TO JUSTICE

MP Strida Geagea announced, in a statement this afternoon, that the people of Bsharre were surprised this morning by the killing of the young Haitham Jamil al-Hindi Tawq in the al-Shihin area in the vicinity of Qornet al-Sawda by unidentified gunmen, who were present in the area. “As a result, I contacted the army commander and asked him to send an army force as soon as possible to the scene where the crime occurred in order to conduct all necessary investigations, for this area is mountainous and very remote, and to work to arrest criminals and bring them to justice,” the MP said in her statemeht. She added, “This is a heinous crime that took place in broad daylight, and the solution can only be by realizing the truth and bringing the criminals to justice.” MP Geagea offered her deepest condolences to the family of the deceased, asking “urging the people of Bcharre to be patient and calm, awaiting the completion of the investigation and realization of the truth.”

Source: National News Agency – Lebanon