Day: July 29, 2023

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ROSEN, A LEADING NATIONAL FIRM, Encourages Sea Limited Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – SE

NEW YORK, July 29, 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 Sea Limited (NYSE: SE) between April 23, 2022 and May 15, 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 September 19, 2023.

SO WHAT: If you purchased Sea 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 Sea class action, go to https://rosenlegal.com/submit-form/?case_id=17863 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 September 19, 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 Period made false and/or misleading statements and/or failed to disclose that: (1) Sea overstated its ability to manage the growth of its user base and loan book while enhancing its profitability; (2) Sea’s expansion to a broader user base and growing loan book rendered the Company significantly more vulnerable to higher credit losses; (3) as a result, the Company was likely to book a significant increase in loan loss reserves; (4) the foregoing was likely to have a significant negative impact on Sea’s earnings; 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 Sea class action, go to https://rosenlegal.com/submit-form/?case_id=17863 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:

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 8883002

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Sudan paramilitary leader demands ouster of army chief, aides to end ‘war’

The head of Sudan’s paramilitary Rapid Support Forces (RSF) has demanded that his foes in the army general staff step down to allow more than three months of fighting to end.

In a five-minute video believed to be his first since the fighting erupted on April 15, General Mohamed Hamdan Daglo told regular army troops on Friday that peace could be restored “within 72 hours” if they handed over their commander General Abdel Fattah al Burhan and his top aides.

Filmed wearing military fatigues and surrounded by jubilant RSF fighters, Daglo insisted that he wanted a return to peace.

But there was no let-up in the fighting, with residents reporting fresh air strikes and rocket fire on densely populated residential areas of the capital Khartoum.

Witnesses also told AFP news agency that explosions were heard inside the Yarmouk weapons manufacturing and arms depot complex.

Nationwide, the fighting has killed at least 3,900 people and driven more than 3.5 million from their homes.

A Reuters tally of death figures recorded by local activists and volunteer groups, however, indicates that the civilian death toll for the wider capital of Khartoum, for example, maybe more than double the official count, underscoring the devastating impact of the more than 100-day long war on the Sudanese people.

A health ministry report circulated to aid agencies and seen by Reuters put the death toll in Khartoum State at 234 people as of July 5.

The report specifies that the data is collected only from civilian hospitals.

But across Khartoum State, which includes the capital and its sister cities Omdurman and Bahri, activist and volunteer groups have recorded at least 580 civilian deaths through July 26 as a result of air strikes, artillery and gunfire.

The disparity in the figures for Khartoum State suggests that the official nationwide death toll, which the health ministry puts at 1,136 people as of July 5, may also be an undercount.

An official in Sudan’s health ministry told Reuters the official figure was “the tip of the iceberg.” That’s because many civilians have died in their neighbourhoods or at home – not in hospital – so their deaths wouldn’t have been recorded, he said.

Meanwhile, in Sudan’s Darfur region, the militias are accused of carrying out executions, rapes and burning of homes in rampages targeting civilians trying to escape to neighbouring Chad, where at least 260,000 Sudanese have fled.

Source: TRTworld.com

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TWO ARMY HELICOPTERS HEAD TO GREECE TO HELP EXTINGUISH FIRES

The following statement was issued on Saturday by the Lebanese Army Command – Directorate of Guidance: “On July 29, 2023, two PUMA helicopters belonging to the Air Force, carrying a group of 13 personnel including officers, soldiers, and technicians, departed from the Hamat Airport. They headed to a military airport on the island of Rhodes, Greece, to carry out a mission supporting the Greek authorities in extinguishing fires.”

Source: National News Agency – Lebanon

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ASEZA, Malaysian envoy discuss cooperation

Aqaba Special Economic Zone Authority (ASEZA) President Nayef Fayez and Malaysian Ambassador to Jordan Muhammad Nasri bin Abdul Rahman discussed in Aqaba on Saturday ways and means of enhancing cooperation in various fields, especially investment, tourism and fisheries. Fayez pointed to incentives and facilities offered by ASEZA, which looks forward to hosting Malaysian businessmen and investors to acquaint them with business opportunities available in the Red Sea port of Aqaba. He said ASEZA offers facilities and privileges to Malaysian companies interested in vital sectors in Aqaba, which connects many destinations across continents. The authority, he added, aspires to attract tourism from Malaysia and benefit from that country’s expertise in this field, open air routes between Aqaba and Malaysia and provide facilities for travelers to “enjoy a unique” tourism product in the Golden Triangle; Aqaba, Petra and Wadi Rum. Fayez stressed ASEZA’s interest in enhancing cooperation and exchanging expertise and innovative ideas to develop fish production techniques and achieve environmental sustainability in fish farming in Aqaba, a targeted vital sector that could help achieve economic development and create job opportunities for the local community.

Source: Jordan News Agency

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Ajloun cable car attracts 60,000 visitors in 1st month

The Ajloun cable car project received more than 60,000 visitors one month after its operation, according to Development Zones Director General, Arwa Hiyari. The cable car, also known as the Ajloun Teleferique, is witnessing an increasing number of tourists and visitors, both locally and from abroad, throughout the week, she told Petra in an interview, calling it “a unique product and important landmark on the Kingdom’s tourism map”. “The site has become an attraction for those looking to enjoy a trip to the picturesque nature of the governorate”, Hiyari said, adding that the Development Zones Department continues to improve services to promote the tourism sector in Ajloun, northwest of Amman. Ajloun Tourism Director Mohammad Al-Deek said that the cable car is a key national project that contributes to promoting tourism to various landmarks and attractions in the governorate, expressing hope that the number of tourists will increase and positively impact the local economy.

Source: Jordan News Agency

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Occupation forces have arrested more than 4,300 Palestinians since year start: official

The Israeli occupation forces have arrested more than 4,300 Palestinians since the beginning of this year, a Palestinian official said Saturday. Abdel Nasser Farwana, Head of the Documentation and Studies Unit at the Commission of Detainees and Ex-Detainees Affairs, said among detainees, arrested by the occupation since the beginning of this year, are more than 600 children.

Source: Jordan News Agency