QandA: US Troops Positioned for Diplomats’ Evacuation Out of Sudan

The United States is deploying more troops at its base in Djibouti as it considers whether to evacuate diplomats from Sudan, where a power struggle between two military factions has led to days of violence that has killed more than 330 people.

John Kirby, National Security Council coordinator for strategic communications, spoke Friday with VOA’s White House Bureau Chief Patsy Widakuswara about the ongoing fighting in Sudan. He also previewed next week’s White House state visit by President Yoon Suk Yeol of South Korea.

This transcript has been edited for clarity and brevity.

VOA WHITE HOUSE BUREAU CHIEF PATSY WIDAKUSWARA: I’d like to start with Sudan. What’s the latest on the evacuation of American diplomats and the deployment of troops to the base in Djibouti?

NATIONAL SECURITY COUNCIL COORDINATOR FOR STRATEGIC COMMUNICATIONS JOHN KIRBY: There’s been no decision to evacuate our diplomats. We’re still focused right now on pre-positioning appropriate military capabilities nearby in the region, not in Sudan, just in case there is a decision made to evacuate our embassy.

The bottom line is the situation on the ground in Khartoum is not good. The violence continues, the fighting continues despite both sides calling or urging the other to abide by cease-fires. There’s still a lot of violence inside Khartoum, and so it’s a very tenuous, very dangerous situation. And as we’ve said, if you are an American citizen, and you didn’t take our warning to leave Sudan and particularly Khartoum, you need to take care of your own safety and security, shelter in place, find a place to stay where you can stay safe and not be moving around.

VOA: So there’s no evacuation for American citizens at this point?

KIRBY: There is no expectation that there’s going to be a U.S. government evacuation of American citizens. That remains the case right now.

VOA: Secretary [of State Antony] Blinken has called the leaders of both warring parties to push for a cease-fire. Obviously, that hasn’t happened. The U.S. has very limited leverage because we have pulled U.S. assistance since the coup in Sudan in 2021. Which countries in the region are you reaching out to, to help push for a cease-fire?

KIRBY: We’re talking to the African Union, we’re talking to the Arab League. Clearly, we’re talking bilaterally with other nations around Sudan in the region who obviously have a stake in making sure that peace and security, stability has a chance there in Sudan. And yes, we are reaching out directly. You’ve mentioned Secretary Blinken, but there are other lines of communication reaching out directly with the leaders on both sides there, General [Abdel Fattah] Burhan of the Sudanese Armed Forces and General [Mohammed Hamdan Dagalo] “Hemedti” of the RSF and to urge them to put down their arms, actually put in place a sustainable cease-fire so that humanitarian aid and assistance can get to the people that need it.

VOA: Would the U.S. administration consider any kind of punitive measures to push for a cease-fire?

KIRBY: I don’t have any muscle movements to speak to right now. We are focused right now on communicating to both sides they need to put their arms down, they need to stop the fighting. We need to get the ability for people to get access to food and water and medicine and again, to have a discussion about a transition to civilian authority.

VOA: And how concerned are you that this would turn into a proxy war, where outside groups such as the Wagner Group that’s already in the region might take opportunity from the chaos?

KIRBY: Obviously, we don’t want to see this conflict expand or broaden, and we certainly wouldn’t want to see additional firepower brought to bear; that will just continue the violence and continue to escalate the tensions.

VOA: I want to move on to the South Korean president’s visit next week. One of the leaks showed that there is concern from the South Koreans that President [Joe] Biden might push President Yoon [Suk Yeol] to supply military weapons, munitions particularly to Ukraine. Has this leak complicated the visit at all?

KIRBY: We are very excited about having our second state visit be the Republic of Korea. President Biden and President Yoon have a terrific relationship. We as a nation have a great relationship with the Republic of Korea, our South Korean allies. And it is an alliance. We have actual alliance commitments with South Korea. And there’s an awful lot on the agenda and it won’t just be Ukraine.

But there’s an awful lot of other things on the agenda, everything from high technology to climate change to certainly threats inside the Indo-Pacific region. Obviously, North Korea will be on the agenda. There’s a lot to talk about. And this is a terrific relationship.

VOA: President Yoon said he may be open to providing military support to Ukraine under some circumstances. Is this something that President Biden will push President Yoon for?

KIRBY: This isn’t about pushing South Korea at all. It’s about having a meaningful conversation about items of mutual shared concern and interest and certainly the war in Ukraine is something that South Korea shares that concern with. I’ll let President Yoon speak to what he is or isn’t willing to do.

We have said from the very beginning that what a nation decides to do with respect to supporting Ukraine is up to them to decide. It’s a sovereign decision. The whole idea of supporting Ukraine, this whole fight is about sovereignty. It’s about independence. And how ironic and hypocritical would it be for the United States to dictate terms to a sovereign nation about what they should or shouldn’t do.

VOA: Can we expect any kind of announcements in terms of extended deterrence, increasing U.S. strategic assets, any kind of joint operations of nuclear scenarios in the region?

KIRBY: We routinely talk to the South Koreans about the extended deterrence. I’m not going to get ahead of the president or any specific announcements or anything going forward.

VOA: On semiconductors, now that China cannot access U.S. technology but also Japanese and Netherlands technology for semiconductors, they are reaching out to South Korean companies. Is this something that the president will also discuss?

KIRBY: I have no doubt that they’ll talk about high technology and the need to keep improving, preserving, maintaining resilient supply chains when it comes to semiconductors. But I won’t get ahead of the conversation.

VOA: You mentioned today’s meeting in Ramstein, Germany, which marks one year that the Defense Contact Group has been meeting. Secretary [of Defense Lloyd] Austin said this morning that the focus will be on air defense, ammunition and logistics. What does that say in terms of where we are in the war right now and the strategy going forward?

KIRBY: We have evolved the capabilities that we are providing Ukraine … as the war itself has evolved over time. Here we are past a year. And we know that in the spring when the weather improves, and it’s already starting to improve, that we can expect the Russians to want to go on the offensive in some areas, and we don’t know exactly where or how they’ll do that. But we want to make sure that the Ukrainians are able to better defend themselves against that and if they choose offensive operations of their own, that they’ve got the capabilities to conduct those.

And you heard Secretary Austin talk about air defense, talk about armor capabilities because we believe that one of the things and they say they need to be better at is combined arms warfare, which is maneuver warfare in open terrain. That means, that requires armor, that requires artillery, that requires some air defense. But he also talked about logistics because that’s really the lifeblood of any army in the field, is how do you keep it in the field? How do you sustain it? How do you get him spare parts and food and water and fuel, the kinds of things that they need to maintain operations in a continuous way? So that’s got to be front and center as well.

VOA: Last question, NATO Secretary-General Jens Stoltenberg this week said that Ukraine’s rightful place is in the Euro-Atlantic family. At this point, do you see Ukraine to be closer toward becoming a NATO member?

KIRBY: Nothing’s changed about our support for the Open Door Policy of NATO. Nothing’s changed about that. We continue to support an open door for NATO. But we’ve also said that any conversation about coming into the alliance has got to be a conversation between the nation in question and the alliance itself.

VOA: But do you see that Ukraine itself has improved on the criteria that it must meet?

KIRBY: Our focus right now with respect to Ukraine is making sure that they can beat back the Russian aggression. That they can be successful on the battlefield so that President [Volodymyr] Zelenskyy, if and when he’s ready to negotiate, he can be successful at the table. That’s our focus. We’ll let the secretary-general speak for the alliance.

Source: Voice of America

Denmark takes first place in second annual World Citizenship Report, global ‘powerhouses’ lose their lustre among the mass affluent

London, United Kingdom, April 20, 2023 (GLOBE NEWSWIRE) — Denmark, Switzerland and Finland took the top three spots in the 2023 World Citizenship Report, which launched today. The World Citizenship Report ranks 188 countries across five key motivators defining citizenship for the global citizen.

Published by CS Global Partners, the world’s leading government and investment migration advisory firm, the World Citizenship Report showcases the World Citizenship Index (WCI), an innovative tool that takes a holistic approach to rank the world’s citizenships across multiple dimensions including the motivators of Safety and Security, Quality of Life, Economic Opportunity, Global Mobility and Financial Freedom.

The World Citizenship Index is the product of a research-driven approach that goes beyond ordinary concepts of passport strength by placing greater emphasis on the diverse attitudes regarding key facets of citizenship. Unlike other rating tools, the World Citizenship Index ranking is designed to reflect a citizenship’s value through the lens of high-net-worth-individuals (HNWIs) and the newest generation of global citizens: the mass affluent population.

“This year, we looked beyond HNWIs and extended our survey to the new mass affluent, a globally mobile generation who is providing fresh impetus for a renewed drive towards global citizenship. As the world around continues to change at an exponential rate, bringing with it new crises and opportunities – individuals across the globe are increasingly calling their own citizenships into question in terms of the safety, freedoms, and the prosperity they provide,” said Micha Emmett, CEO of CS Global Partners.

“This Report stands apart from other reports in the industry because it examines which countries offer the most benefits for global citizens, particularly in a post-COVID world where those that have the means are consistently searching for greater opportunities.”

This year, Denmark kicked Switzerland out of the top spot and scored the highest points. Switzerland ranked in second place and Finland retained the third spot for a second year in a row.

Notably, global superpowers such as the United States and China did not rank in the top ten, symbolising a significant shift in what these economic giants can tangibly offer the global elite. HNWIs and mass affluent citizens are searching for a better quality of life, security and financial freedoms, all aspects which have been on shaky ground since the pandemic.

The surveyed cohort chose ‘Quality of Life’ as the most important feature of citizenship, which ranked first across the World Citizenship Index’s five pillars, eclipsing both Physical Safety and Financial Freedom.

The Report found that a competitive economy, public services, and environmental sustainability are the three areas mass affluent individuals feel most let down by their governments.​

We are unfortunately living through a period where the standard of living is falling at the fastest rate in over a generation. At the end of 2022, the UK Office for Budget Responsibility reported that UK households are set to suffer a 7.1 per cent fall in living standards over the next two years, the largest decline in six decades. Furthermore, according to the latest United Nations Development Programme (UNDP) report published in the same period, living conditions in 90 per cent of the world’s countries deteriorated in 2021 – something that hasn’t been seen since the height of the previous global recession caused by the financial crisis in 2007. Moreover, the UNDP report marked the first consecutive year of decline in the 32-year history of the Human Development Index (HDI) – these trends are reflected in the current World Citizenship Index scores. For example, the United States dropped to 29th position for the Quality-of-Life motivator from 20th position previously, which shows how living standards are coming under pressure even in the world’s economic powerhouses.

“The World Citizenship Report aims to capture what truly concerns and affects a global citizen,” added Emmet. “When there are options to gain a second or third citizenship, the first question in a HNWIs mind is ‘where is the next place to be associated with?’”

“High-net-worth individuals and the mass affluent must consider a myriad of factors when deciding something as monumental as where to obtain second citizenship and build a second home. While passport strength is, of course, an important component, it is also one that is subject to the greatest change as evidenced by pandemic related travel restrictions,” she added.

As many parts of the globe recover from COVID-19 and find means to bolster their economies, a new chain of threats has emerged. The conflict in the Ukraine has not only made many nations in the northern hemisphere realise just how fragile the concept of safety and freedom is but has severely impacted energy and food security across the world.

With so much change happening so rapidly around us, it can be challenging to keep up with how all these disparate factors coming to bear on the prevailing attitudes toward global citizenship. And this is where the value of the World Citizenship Report comes into the picture. The Report continues to build on its reputation as an ambitious product reflecting the evolving nature of these attitudes toward citizenship, and one that is in tune with the defining issues of our time with respect to global citizens, including health and wellbeing, environmental sustainability, and shifting investment priorities.

The World Citizenship Index’s unique methodology relies on the experience gained through CS Global Partners unparalleled work in the citizenship solutions industry, as well as comprehensive research to evaluate 188 jurisdictions across the five motivators of citizenship out of a maximum attainable score of 100 points.

The Report’s multidimensional approach ensured that the attitudes under investigation were captured as accurately and meaningfully as possible. Consequently, rather than relying exclusively on value judgments to construct and weight the World Citizenship Index, CS Global Partners also leveraged its unparalleled network of industry experts and access to global citizens to isolate the major motivations for attaining a second citizenship. These factors were then further explored and validated by surveying the global mass affluent population on the value of second citizenship.

Thembi Saleshando
CS Global Partners
+44 (0) 207 318 4343
Thembi.Saleshando@csglobalpartners.com

GlobeNewswire Distribution ID 8812232

The Prestigious U.S. Open Polo Championship Returns to the USPA National Polo Center, Sunday, April 23

Final Competition of the U.S. Polo Season to Air on ESPN Platforms

WELLINGTON, FL / ACCESSWIRE / April 20, 2023 / U.S. Polo Assn. and the United States Polo Association (USPA) are proud to host the U.S. Open Polo Championship® on Sunday, April 23, at the number one destination for polo in the United States, the USPA National Polo Center (NPC) – Wellington. While celebrating the heritage and tradition of the sport of polo, the U.S. Open Polo Championship is notably recognized as the most coveted trophy in the United States.

Related Image

https://cdn.newswire.com/files/x/e4/ea/67d901b2d731b4fd934c29d66cd8.jpg

Top Players Facundo Pieres and Juan Britos in the Gold Cup Semi-Finals. Credit Alex Pacheco.

The 2023 Winter Polo Season at NPC has had record attendance, with a waitlist for this year’s U.S. Open Polo Championship game. For those who can’t attend in person, ESPN will air the Championship final for millions of sports fans on ESPN platforms on April 24 at 9:30pm EDT. Check your local listings or click here for local air times and channels.

In the action-packed U.S. Open Polo Championship Final game, the two teams who prevail in their respective games in the semi-finals will then go head to head to ultimately take home the coveted trophy and $100,000. The U.S. Open Polo Championship features the sport’s finest players from around the world, alongside their equine athletes. Globally renowned players on this day could include the number one player in the world, Adolfo Cambiaso as well as 10-goalers Facundo Pieres and Hilario Ulloa.

“The close of a record-breaking season for the sport of polo in the United States is the U.S. Open Polo Championship, which continues to be the sport’s highlight for players and fans alike,” said Stewart Armstrong, Chairman of the USPA. “It’s always exciting to see the top two teams compete for the trophy in the Open and leave it all on the field, this year, with millions of fans watching on site in Palm Beach County and now on ESPN.”

The Winter High Goal Polo Season at NPC has offered sports fans an elevated season which included the Westchester Cup, the oldest rivalry in polo, along with the broadcast of multiple iconic polo tournaments on ESPN platforms, and a special guest appearance by award-winning pop artist @Maluma – all from the Winter Equestrian Capital of the World. This year, fans have been able to purchase custom, branded U.S. Open and Westchester Cup merchandise on site and on uspapro.com.

“U.S. Polo Assn. is proud to partner with the USPA in hosting the most prestigious tournaments, here at NPC, the sport’s premier destination,” said J. Michael Prince, President and CEO of USPA Global Licensing Inc., which manages the multi-billion-dollar U.S. Polo Assn. brand. “Our iconic partnership with ESPN, the world’s leading sport content provider, has brought the sport into millions of households for the very first time. This relationship has been vital to increasing exposure to the sport for the USPA and to demonstrating the authenticity between the U.S. Polo Assn. brand and the sport of polo for consumers around the world.”

“Together with the USPA, The Palm Beaches and our amazing local, national and global sponsors and partners, we look forward to celebrating the U.S. Open Polo Championship winner on Sunday, April 23, and a highly successful 2023 Season,” added Prince.

About U.S. Polo Assn.

U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the non-profit governing body for the sport of polo in the United States and one of the oldest sports governing bodies, having been founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through some 1,100 U.S. Polo Assn. retail stores and thousands of department stores as well as sporting goods channels, independent retailers and e-commerce, U.S. Polo Assn. offers apparel for men, women, and children, as well as accessories and footwear in more than 190 countries worldwide. U.S. Polo Assn. was named as one of the top five sports licensors in 2022, according to License Global. Visit uspoloassnglobal.com and follow @uspoloassn.

USPA Global Licensing Inc. (USPAGL) is the for-profit subsidiary of the USPA and its exclusive worldwide licensor. USPAGL manages the global, multi-billion-dollar U.S. Polo Assn. brand and is the steward of the USPA’s intellectual properties, providing the sport with a long-term source of revenue. Through its subsidiary, Global Polo Entertainment (GPE), USPAGL also manages Global Polo TV, which provides polo, sport and lifestyle content. A historic, multi-year, global arrangement has been signed by USPAGL and ESPN for the world’s leading sports content provider to air seven of the top final polo games in the U.S., allowing millions of sports fans and consumers to enjoy the sport across ESPN’s broadcast and streaming platforms. For more sport content, visit globalpolo.com.

About the United States Polo Association® (USPA)

The United States Polo Association was organized and exists for the purposes of promoting the game of polo, coordinating the activities of its Member Clubs and Registered Players, arranging and supervising polo tournaments, competitions and games, and providing rules, handicaps, and conditions for those tournaments, competitions, and games including the safety and welfare of participants and mounts. Founded in 1890, the USPA is the national governing body for the sport of polo. The USPA is currently comprised of almost 200 member clubs with thousands of individual members and oversees 40 national tournaments. For more information, please visit uspolo.org.

Contact Information

Stacey Kovalsky
Senior Director, Global Communications
skovalsky@uspagl.com
+001.561.790.8036

Shannon Stilson
VP, Sports Marketing & Media
sstilson@uspagl.com
+001.561.227.6994

SOURCE: USPA Global Licensing Inc.

MCB INVESTOR NEWS: ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Metropolitan Bank Holding Corp. Investors to Inquire About Securities Class Action Investigation – MCB

NEW YORK, April 19, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Metropolitan Bank Holding Corp. (NYSE: MCB), the holding company for Metropolitan Commercial Bank, resulting from allegations that MCB may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased MCB 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=14239 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 30, 2023, market analyst Vidar Research published a report entitled “Metropolitan Commercial Bank is a mixed bag of problems[.]” The report alleged that “[Metropolitan Commercial Bank] is bleeding deposits[,]” stated that Metropolitan Commercial Bank “is the issuer of choice for prepaid debit cards of crypto firms[,]” questioned whether Metropolitan Commercial Bank was actually moving away from cryptocurrency (as it had allegedly announced), and alleged that its balance sheet “is shocking comparable to the failed Signature Bank (SBNY)[.]” In summary, the report alleged that Metropolitan Commercial Bank “is a failed bank and that it will share the fate with the likes of SBNY [Signature Bank] and SIVB [Silicon Valley Bank].”

On this news, MCB’s stock price fell $9.66 per share, or 27.6%, to close at $25.36 per share on March 30, 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

GlobeNewswire Distribution ID 8811620

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages adidas AG Investors to Inquire About Securities Class Action Investigation – ADDYY, ADDDF

NEW YORK, April 19, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of adidas AG (OTC: ADDYY, 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

GlobeNewswire Distribution ID 8811744

LPLA INVESTOR NEWS: ROSEN, A GLOBALLY RECOGNIZED FIRM, Encourages LPL Financial Holdings Inc. Investors to Inquire About Class Action Investigation – LPLA

NEW YORK, April 19, 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 LPL Financial Holdings Inc. (NASDAQ: LPLA) resulting from allegations that LPL Financial may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased LPL Financial 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=14238 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, after market hours, LPL Financial issued a press release entitled “LPL Financial Reports Monthly Activity For February 2023” in which LPL Financial disclosed that its total net new assets plunged 40% to $5.2 billion in February 2023 as opposed to January of 2023. Further, release revealed that LPL Financial’s total advisory and brokerage assets were $1.15 trillion at the end of February 2023, down 1.5% from the end of January 2023. In addition, the release revealed that LPL Financial’s total client cash balances declined from $59.7 billion in January 2023 to $56.2 billion in February 2023, a decline of 5.9%.

On this news, LPL’s stock price fell $11.88 per share, or 5.8%, to close at $192.00 per share on March 24, 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

GlobeNewswire Distribution ID 8811638