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Fliggy's 'Golden Week' travel data reveals major new trends in terms of destinations and preferred travel styles

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Long haul destinations gain prominence as well as superior quality, personalized travel experiences

HANGZHOU, China, Oct. 10, 2023 /PRNewswire/ — Fliggy, a leading online travel platform and wholly-owned subsidiary of Alibaba Group (NYSE: BABA), has released its travel data for the Mid-Autumn Festival and National Day holidays in China.

This year’s 8-day Golden Week holiday saw a double-digit growth in the total value of fulfilled transactions for hotel and flight bookings within China compared to the same period in 2019. The number of people who made bookings for international flights reached a peak for the year, while in the month leading up to the holiday, the total value of visa application service transactions through Fliggy witnessed a remarkable increase of over 70% compared to the month leading up to this year’s Labor Day holiday.

As China celebrated its first National Day holiday following the lifting of all COVID travel restrictions, four major travel trends have emerged in terms of destination choices, preferred travel styles and experiences, and spending appetite.

Trend 1: Rise in independent travel demand
There has been a notable surge in consumer demand for flexible itineraries and personalized travel experiences. The total value of fulfilled transactions for local leisure tourism services such as snorkeling and helicopter sightseeing at international destinations, booked on Fliggy’s platform during this year’s Golden Week, have soared nearly ninefold compared to last year. Destinations such as the Maldives, Luxembourg, French Polynesia, Argentina, Egypt, and Kenya have all experienced multiple growth rates in total fulfilled transaction volumes over corresponding 2019 figures.

Trend 2: Long-haul destinations have gained prominence
In China, Sichuan, Beijing, Yunnan, Inner Mongolia, Shaanxi, Gansu, Xinjiang, Guangxi, Qinghai and Jiangsu are the top domestic destinations for long-haul trips in terms of fulfilled transaction volumes for guided tour and independent tour products.

For outbound travel, there is a trend of travelers opting for destinations farther away. Apart from destinations within the popular 4-hour flight range from China, countries like Australia, New Zealand, the United Arab Emirates, Turkey, Iceland, and Egypt have also become increasingly popular for outbound travel and saw some of the highest fulfilled transaction volumes in bookings.

Trend 3: Increasing emphasis on travel quality
There has been a noticeable uptick in the demand for superior quality, tailored travel experiences. On Fliggy’s platform, the number of bookings for four and five-star hotels during Golden Week increased by over 50% compared to the same period in 2019. Moreover, the total fulfilled transaction volume for customized travel products rose more than 20% compared to 2019.

Trend 4: The Asian Games fueled growth in Hangzhou and Competition Zones
The Asian Games sparked a remarkable upsurge in hotel and accommodation bookings during this year’s Golden Week in the six Competition Zone cities of Hangzhou, Ningbo, Jinhua, Huzhou, Wenzhou, and Shaoxing. The total number of room nights booked across hotels in these cities increased by 60% compared to the same period in 2019.

Zhang Chen, Vice President of Fliggy, said, "The above trends reveal a growing preference towards higher quality, personalized journeys and an increasing interest in exploring destinations that were once considered distant. The shift in needs and the rise in spending power indicate a discerning mindset among the post-pandemic Chinese travelers. At Fliggy, we are dedicated to embracing these evolving needs and helping our customers to access exceptional travel experiences that cater to their preferences."

About Fliggy

Fliggy is a wholly-owned subsidiary of the Alibaba Group (NYSE: BABA), and is one of the leading online travel platforms in China. Fliggy places a strong emphasis on innovation in its products and services, catering to the increasingly personalized and diversified needs of consumers both in China and overseas markets.

Leveraging Fliggy’s advantage as part of the Alibaba ecosystem, merchants can benefit from the vast user base within the Group. Fliggy also collaborates with partners through a full-service management format, helping more merchants, especially small and medium-sized ones, easily and efficiently share opportunities enabled by digitalization.

Fliggy’s long-term strategy is to promote the digital transformation of the tourism industry, using an open platform and mechanisms to help the industry make better use of the digital business infrastructure for their operations.

Source : Fliggy's 'Golden Week' travel data reveals major new trends in terms of destinations and preferred travel styles

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Under Der Linden Restaurant Launches Wine Bar – Cuvée: A Haven for Discerning Wine Enthusiasts

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SINGAPORE, Oct. 10, 2023 /PRNewswire/ — Under Der Linden Restaurant proudly announces the launch of its much-anticipated wine bar – Cuvée. Adding to the romantic sophistication of Under Der Linden’s floral-themed space, Cuvée elevates the menu with its elegant wine collection to captivate even the most discerning palate.

Cuvée specialises in mature Bordeaux and Burgundy wines, showcasing the essence of prestigious grape varieties such as Cabernet Sauvignon, Pinot Noir, and Merlot at competitive prices. The wines are meticulously curated to entertain even the most experienced tastebuds and harmonise with the uniquely diverse flavours of the Under Der Linden Restaurant menu.

To mark its grand opening, Cuvée presents specially curated wine flights that seamlessly pair with the delectable menu selections. Let no dish go unaccompanied with the right wine pairing for sweet, spicy, charred, or umami flavour profiles. For those seeking a more premium and exploratory tasting experience, the wine bar offers flights that guide the palate through the Bordeaux terroir across different eras.

"Serving French cuisine is only truly complete when accompanied by a wine selection and we want to immerse every customer in the essence of French-style dining.  At Cuvée, we’re passionate about giving our patrons the complete wine bar experience at competitive retail prices." affirmed Cuvée Manager.

With a taste for mature vintages, Cuvée’s extraordinary collection hosts old Bordeaux red wines from the 1960s and beyond. In addition to the unparalleled dine-in experience, Cuvée invites patrons to take their favourite bottles home. The retail takeaway option comes at a 10% discount on menu prices so patrons can embrace vintage luxury from the comfort of their own home.

Join Cuvée at 5B Portsdown Rd and immerse yourself in the world of Bordeaux and Burgundy, where every sip is a celebration of the art of winemaking and the joy of French cuisine.

Find out more information about the wine menu at https://underderlinden.com.sg/wine/ or make a reservation at https://cuvee.oddle.me/en_SG/reservations.

About Cuvée

Cuvée is a distinguished wine bar, brought to you by Under Der Linden Restaurant. Specializing in mature Bordeaux and Burgundy wines, Cuvee offers a curated selection dominated by Cabernet Sauvignon, Pinot Noir, and Merlot. The wine bar is a haven for wine enthusiasts seeking a refined experience in the heart of Singapore.

Source : Under Der Linden Restaurant Launches Wine Bar – Cuvée: A Haven for Discerning Wine Enthusiasts

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Masimo Corporation Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – MASI

Hong Kong Baptist University-led research discovers new therapeutic target for irritable bowel syndrome

New York, New York – Newsfile Corp. – October 9, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Masimo Corporation (NASDAQ: MASI) between February 28, 2023 and July 17, 2023, both dates inclusive (the “Class Period”), of the important October 23, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Masimo 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 Masimo class action, go to https://rosenlegal.com/submit-form/?case_id=18661 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 October 23, 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, defendants misled investors by creating the false impression that they possessed reliable information pertaining to the Company’s sales pipeline. In reality, defendants’ forecasting processes failed to adequately account for potential loss of sensor sales among Masimo’s customers, as well as the potential decline in demand for premium and luxury audio categories. Alternatively, defendants deliberately ignored the decline in sales. In either event, defendants misled investors by providing the public with materially flawed revenue guidance for fiscal 2023. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Masimo class action, go to https://rosenlegal.com/submit-form/?case_id=18661 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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.

——————————-

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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

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

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This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Leslie’s, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – LESL

Hong Kong Baptist University-led research discovers new therapeutic target for irritable bowel syndrome

New York, New York – Newsfile Corp. – October 9, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Leslie’s, Inc. (NASDAQ: LESL) between February 5, 2021 and July 13, 2023, both dates inclusive (the “Class Period”), of the important November 7, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Leslie’s 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 Leslie’s class action, go to https://rosenlegal.com/submit-form/?case_id=18988 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 November 7, 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Leslie’s growth was caused by customers over purchasing products to stockpile in case of a chemical shortage; (2) such sales inflated revenues and earnings and were not indicative of durable and sustainable demand or financial growth; (3) Leslie’s took advantage of chemical shortages by urging customers to stock up on the products because Leslie’s could not “guarantee availability” of chemicals in the future; and (4) any slowdown in sales was not a normalization of past seasonality, but was due to the prior excess stockpiling. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Leslie’s class action, go to https://rosenlegal.com/submit-form/?case_id=18988 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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.

——————————-

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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

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

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This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.

FBS and Dignity for Children Foundation Enhance Educational Facilities in a Kuala Lumpur School

FBS and Dignity for Children Foundation Enhance Educational Facilities in a Kuala Lumpur School

KUALA LUMPUR, MALAYSIA – Media OutReach – 10 October 2023 – FBS, a leading global broker, embarks on its CSR journey and is proud to partner with Dignity for Children Foundation, Malaysia’s major charity organization. In a joint endeavor to make a meaningful impact on the local community, FBS contributed to the improvement of education facilities at the Dignity Education Center in Kuala Lumpur. This philanthropic collaboration lies behind FBS’s commitment to improving access to quality education for all, following the UN Sustainable Development Goals.

Students of Dignity Education Center
Students of Dignity Education Center

As part of this partnership, FBS funded a classroom refurbishment project at the Dignity Education Center located in Kuala Lumpur. The monetary donation provided by FBS enabled the school to install air conditioners, video projectors, and school furniture, thereby creating an enriched learning environment for the students. The newly renovated classrooms have already opened doors to more than 50 young learners.

FBS has also ensured that each student’s academic journey is equipped with the essential tools for success. In addition to the classroom improvements, FBS provided gifts with preliminary stationery and school supplies, including backpacks, t-shirts, caps, workbooks, and more. These contributions aim to lessen the financial burden on families, boost students’ confidence, and empower them on their educational journey.

To celebrate the opening of the refurbished school facilities, a representative from FBS paid a visit to the Dignity Education Center on October 9. FBS’s Representative in Malaysia Aizzat Arfa greeted the young learners and handed over the gifts from FBS. This special gathering celebrates the FBS’s commitment to making a tangible difference in the daily lives of the growing generation.

“FBS is more than just a broker and trading platform; we are a global organization that cares deeply about social responsibility and aims to impact society positively. Our partnership with Dignity for Children Foundation is a testament to our dedication to improving access to better education. The FBS team has been very excited to see the young minds as they started using the renovated class area and now have improved learning facilities,” said Aizzat Arfa, FBS’s Representative in Malaysia, following his visit to the Dignity Education Center.

In response to this collaboration, Renee Koo, Head of Marketing & Communications at Dignity for Children Foundation, expressed their gratitude, saying, “We are grateful to FBS as they have made a meaningful contribution to our cause. This collaboration will have a positive impact on the educational opportunities available to our students. Together, we are improving the physical infrastructure and nurturing the dreams and aspirations of these young learners.”

FBS and Dignity for Children Foundation aim to create a brighter future for underprivileged children in Kuala Lumpur and provide them with the resources and opportunities they deserve.

For more information about FBS and its CSR initiatives, please visit www.ms-brokerfbs.com/news.

Hashtag: #FBS #DignityForChildren #CSR #charity


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

About FBS

FBS is a licensed global broker with over 14 years of experience and more than 75 international awards. FBS is steadily developing as one of the market’s most trusted brokers, with its traders numbering more than 27,000,000 and its partners exceeding 500,000 around the globe. The annual trading volume of FBS clients is over $8.9 trillion. FBS is also the Official Partner of Leicester City Football Club.

About Dignity for Children Foundation

Dignity for Children Foundation is a non-governmental organization that provides holistic care and education for urban poor children in Kuala Lumpur, Malaysia. Its work began in 1998 in Sentul, Kuala Lumpur with only 20 students. Dignity is now a learning center with more than 2,300 children (from over 25 nationalities) ranging from 2-19 years old.

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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Lumen Technologies, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – LUMN

Hong Kong Baptist University-led research discovers new therapeutic target for irritable bowel syndrome

New York, New York – Newsfile Corp. – October 9, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Lumen Technologies, Inc. (NYSE: LUMN) between March 11, 2019 and July 14, 2023, both dates inclusive (the “Class Period”), of the important November 14, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Lumen 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 Lumen class action, go to https://rosenlegal.com/submit-form/?case_id=17736 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 November 14, 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, defendants made false and/or misleading statements and/or failed to disclose that: (1) Lumen owned and/or still owns thousands of miles of cables wrapped in lead, a known neurotoxin, within the U.S.; (2) the foregoing has harmed and posed the risk of further harming the environment, exposed Lumen employees, and the general public, thereby posing a significant public health risk and environmental pollution risk; (3) Lumen was on notice about the damage and risks presented by these lead-covered cables but did not disclose them as a potential threat to everyday people and communities, as well as failed to provide adequate lead training to employees; (4) all the foregoing subjected Lumen to a heightened risk of governmental and regulatory oversight and enforcement action, as well as legal and reputational harm; and (5) as a result, Lumen’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 Lumen class action, go to https://rosenlegal.com/submit-form/?case_id=17736 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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.

——————————-

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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

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

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Source link

This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.

ROSEN, A LEADING LAW FIRM, Encourages NAPCO Security Technologies, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm – NSSC

Hong Kong Baptist University-led research discovers new therapeutic target for irritable bowel syndrome

New York, New York – Newsfile Corp. – October 9, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of NAPCO Security Technologies, Inc. (NASDAQ: NSSC) between November 7, 2022 and August 18, 2023, both dates inclusive (the “Class Period”), of the important October 30, 2023 lead plaintiff deadline in the securities class action commenced by the firm.

SO WHAT: If you purchased NAPCO 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 NAPCO class action, go to https://rosenlegal.com/submit-form/?case_id=18559 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 October 30, 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, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) NAPCO failed to address any material weaknesses with internal controls regarding cost of goods sold (“COGS”) and inventory; (2) NAPCO downplayed the severity of material weaknesses regarding their internal controls; (3) NAPCO’s unaudited financial statements from September 30, 2022 to the present included “certain errors” such as overstating inventory and understanding net COGS, resulting in overstated gross profit, operating income and net income for each period; (4) as a result, NAPCO would need to restate its previously filed unaudited financial statements for certain periods; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the NAPCO class action, go to https://rosenlegal.com/submit-form/?case_id=18559 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 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. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

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

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Source link

This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.

INFI DEADLINE: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Infinity Pharmaceuticals, Inc. Investors with Losses to Secure Counsel Before Important October 16 Deadline in Securities Class Action – INFI

Hong Kong Baptist University-led research discovers new therapeutic target for irritable bowel syndrome

New York, New York – Newsfile Corp. – October 9, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Infinity Pharmaceuticals, Inc. (NASDAQ: INFI) between January 5, 2022 and July 24, 2023, both dates inclusive (the “Class Period”), of the important October 16, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Infinity 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 Infinity class action, go to https://rosenlegal.com/submit-form/?case_id=18465 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 October 16, 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: “[b]y representing to shareholders that Infinity was moving forward on the MARIO-4 and MARIO-P studies for breast cancer and that Infinity had multiple partnership options, only to thereafter completely abandon that lead indication, was materially false and misleading. Infinity shareholders now know that Infinity’s lead candidates were being abandoned, Infinity is no longer partnering, Infinity is merging into a company with a lower market cap, and the merger candidate had recently abandoned its lead candidate, leaving Infinity with a pipeline that will take at least 6+ years to get a product on the market if the therapy even works.”

To join the Infinity class action, go to https://rosenlegal.com/submit-form/?case_id=18465 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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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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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

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

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