Day: 25 September 2023

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Concentrix and Webhelp Complete Combination, Creating a Diversified Global CX Leader, Well-Positioned for Growth

Chris Caldwell

CEO of Concentrix + Webhelp

NEWARK, Calif., Sept. 25, 2023 (GLOBE NEWSWIRE) — Concentrix Corporation (NASDAQ: CNXC), a leading global provider of customer experience (CX) services and technologies, today announced it has closed its combination with Webhelp and the integration of the two companies is underway. While the combined company finalizes its permanent name, it will operate under the trade name Concentrix + Webhelp.

This combination further positions Concentrix + Webhelp as a global CX leader, with an expanded breadth of generative AI solutions, digital capabilities, and high-value services. It also strengthens its end-to-end CX value proposition, with one of the most robust, well-balanced global footprints in the industry to help the world’s best brands transform customer experiences and achieve their business goals.

“I am excited to embark on this new journey together and believe that, with our combined strengths, we are uniquely positioned to redefine the industry and design, build and run the future of CX for our amazing and valued clients. I want to thank our game-changers around the world who have made this possible. I am truly honored to work with such a diverse and talented team,” said Chris Caldwell, CEO of Concentrix + Webhelp.

The company also welcomes two new members to the Board of Directors, Olivier Duha and Nicolas Gheysens. Olivier is an entrepreneur, philanthropist, co-founder, and former CEO of Webhelp and will serve as Vice Chair of the Board. Nicolas is a Partner at Groupe Bruxelles Lambert (“GBL”), the company’s largest shareholder following the Concentrix + Webhelp combination, and brings with him a wealth of investment and board experience, backing the growth of large and successful businesses across Europe.

“We are fortunate to add such strong skill sets with deep background in the customer experience industry to our Board. With the addition of Olivier and Nicolas, we expand our international expertise in leading large, complex multinational companies on a successful path for growth,” said Kathryn Marinello, Concentrix Chair of the Board.

This combination is a milestone moment, bringing together two recognized market leaders with complementary cultures, footprint, capabilities, and vision for growth across more than 70 countries. At closing, the transaction was valued at approximately $4 billion, including net debt.

About Concentrix + Webhelp
Hi, we’re a leading global provider of customer experience (CX) solutions and technology. We create game-changing customer journeys for some of the world’s best brands, and the ones that are changing the world as we know it. Every day, we Design, Build and Run CX that helps brands grow across the world and into the future. Whether it’s a specific solution or the whole end-to-end journey — we’ve got it covered. We’re the strategic thinkers who design brand-defining experiences. The tech geeks who build smarter solutions. And the operational experts who run it all and make it work seamlessly. Across 70+ countries and six continents, we provide services across key industry verticals including technology & consumer electronics; retail, travel & ecommerce; banking, financial services & insurance; healthcare; communications & media; automotive; and energy & public sector. Concentrix Corporation (NASDAQ: CNXC) operating under the trade name Concentrix + Webhelp. Location: virtually everywhere. Visit concentrix.com to learn more.

Safe Harbor Statement
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include, but are not limited to, statements regarding the integration of the Concentrix and the Webhelp businesses, the strengths and differentiation of the combined businesses, our positioning in the industry, and statements that include words such as believe, expect, may, will, provide, could and should and other similar expressions. These forward-looking statements are inherently uncertain and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risks and uncertainties include, among other things: risks related to the ability to successfully integrate the Concentrix and Webhelp businesses; our ability to realize estimated cost savings, synergies or other anticipated benefits of the combination, or that such benefits may take longer to realize than expected; diversion of management’s attention; the potential impact of the combination on relationships with clients and other third parties; risks related to general economic conditions, including consumer demand, interest rates, inflation, supply chains and the effects of the conflict in Ukraine; cyberattacks on our or our clients’ networks and information technology systems; the failure of our staff and contractors to adhere to our and our clients’ controls and processes; the inability to protect personal and proprietary information; the inability to execute on our digital CX strategy; the loss of key personnel or the inability to attract and retain staff with the skills and expertise needed for our business; increases in the cost of labor; the effects of the COVID-19 pandemic and other communicable diseases, natural disasters, adverse weather conditions or public health crises; geopolitical, economic and climate- or weather-related risks in regions with a significant concentration of the our operations; the inability to successfully identify, complete and integrate strategic acquisitions or investments; competitive conditions in our industry and consolidation of our competitors; higher than expected tax liabilities; the demand for CX solutions and technology; variability in demand by our clients or the early termination of our client contracts; the level of business activity of our clients and the market acceptance and performance of their products and services; currency exchange rate fluctuations; the operability of our communication services and information technology systems and networks; changes in law, regulations or regulatory guidance; damage to our reputation through the actions or inactions of third parties; investigative or legal actions; and other factors contained in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2022 filed with the Securities and Exchange Commission and subsequent SEC filings. We do not undertake a duty to update forward-looking statements, which speak only as of the date on which they are made.

Copyright 2023 Concentrix Corporation
All rights reserved. Concentrix, Webhelp, Concentrix + Webhelp, the Concentrix and Webhelp logos, and all other Concentrix company, product and services names and slogans are trademarks or registered trademarks of Concentrix Corporation and its subsidiaries. Concentrix and the Concentrix logo Reg. U.S. Pat. & Tm. Off. and applicable non-U.S. jurisdictions. Other names and marks are the property of their respective owners.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5f66a659-481a-4e4e-809d-72dcadc4c2b2 

Investor Contact:
David Stein
Investor Relations
Concentrix Corporation
+1-513-703-9306
david.stein@concentrix.com

Media Contact:
Debbie Gonzalez
Marketing & Communications
Concentrix Corporation
media@concentrix.com

GlobeNewswire Distribution ID 8927595

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ROSEN, A RANKED AND LEADING FIRM, Encourages RTX Corporation f/k/a Raytheon Technologies Corporation Investors to Secure Counsel Before Important October 2 Deadline in Securities Class Action Initiated by the Firm – RTX

NEW YORK, Sept. 24, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of RTX Corporation f/k/a Raytheon Technologies Corporation (NYSE: RTX) between February 8, 2021 and July 25, 2023, both dates inclusive (the “Class Period”), of the important October 2, 2023 lead plaintiff deadline in the securities class action commenced by the firm.

SO WHAT: If you purchased RTX 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 RTX class action, go to https://rosenlegal.com/submit-form/?case_id=17866 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 October 2, 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, among other things, that: (1) the Geared Turbofan (“GTF”) engines had been affected from at least 2015-2020 by a quality control issue; (2) this quality control issue would require RTX to recall and reinspect many of its GTF airplanes, affecting customers and harming its business; and (3) 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 RTX class action, go to https://rosenlegal.com/submit-form/?case_id=17866 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 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
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8927436

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ROSEN, LEADING INVESTOR ATTORNEYS, Encourages Party City Holdco Inc. Investors to Secure Counsel Before Important October 2 Deadline in Securities Class Action – PRTY, PRTYQ

NEW YORK, Sept. 24, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Party City Holdco Inc. (NYSE: PRTY) (OTC: PRTYQ) between November 8, 2022 and June 9, 2023, both dates inclusive (the “Class Period”), of the important October 2, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Party City 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 Party City class action, go to https://rosenlegal.com/submit-form/?case_id=18067 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 October 2, 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, the defendants: (1) affirmatively misrepresented that its capital resources “will be adequate to meet our liquidity needs for at least the next 12 months”; (2) omitted that there was substantial doubt about Party City’s ability to continue as a going concern; (3) downplayed the nature and extent of Party City’s then existing liquidity problems; (4) omitted that Party City’s existing credit facilities were insufficient to satisfy its operational needs and that it was unable to obtain additional loans in the normal course of business; and (5) omitted that there was a material weakness in its internal control over financial reporting. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Party City class action, go to https://rosenlegal.com/submit-form/?case_id=18067 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 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
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8927437

Posted on

ROSEN, A TOP RANKED LAW FIRM, Encourages Archer Aviation Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – ACHR

NEW YORK, Sept. 24, 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 Archer Aviation Inc. (NYSE: ACHR) between September 17, 2021 and August 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 November 20, 2023.

SO WHAT: If you purchased Archer Aviation 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 Archer Aviation class action, go to https://rosenlegal.com/submit-form/?case_id=18433 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 November 20, 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 made false and/or misleading statements and/or failed to disclose that: (1) the Company relied on heavily edited videos of earlier flights to exaggerate the amount of flight testing it had actually performed and the sophistication of its eVTOL aircraft; (2) the Company had misrepresented the nature and profitability of its business partnerships; (3) the Company was unlikely to secure FAA certification in the timeframe it had represented to investors, thereby delaying the start of mass production of its aircraft for commercial sales; (4) accordingly, the Company had overstates its financial position and/or prospects; (5) all of the foregoing, once revealed, was likely to subject the Company to significant financial and/or reputational harm; and (6) 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 Archer Aviation class action, go to https://rosenlegal.com/submit-form/?case_id=18433 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.

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 8927434

Posted on

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages PacWest Bancorp Investors to Secure Counsel Before Important Deadline in Securities Class Action – PACW, PACWP

NEW YORK, Sept. 24, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of PacWest Bancorp (NASDAQ: PACW, PACWP) between February 28, 2022 and May 3, 2023, both dates inclusive (the “Class Period”), of the important November 10, 2023 lead plaintiff deadline.

SO WHAT: If you purchased PacWest 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 PacWest class action, go to https://rosenlegal.com/submit-form/?case_id=13000 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 November 10, 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) PacWest had understated the impact of interest rate hikes on Pacific Western Bank (“PWB”), a smaller bank with excessive concentration in specific industries; (2) accordingly, PacWest had overstated the stability and/or sustainability of its deposit base; (3) as a result, PacWest was exceptionally vulnerable to excessive deposit flows and/or a liquidity crisis; and (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the PacWest class action, go to https://rosenlegal.com/submit-form/?case_id=13000 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.

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 8927433

Posted on

ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Masimo Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – MASI

NEW YORK, Sept. 24, 2023 (GLOBE NEWSWIRE) —

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 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 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 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.

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 8927431

Posted on

Russian Ministry of Defense: Eight Ukrainian Drones Intercepted in Bryansk, Kursk Regions

Russian air defense systems destroyed and intercepted eight Ukrainian drones over the northwestern part of the Black Sea and over Crimea, Bryansk and Kursk regions, according to the Russian Ministry of Defense.

“On the night of September 25, an attempt by Ukrain to carry out attacks using aircraft-type UAVs against objects on the territory of the Russian Federation was stopped. Air defense systems destroyed four unmanned aerial vehicles over the northwestern part of the Black Sea and over the territory of the Republic of Crimea,” (Itar-Tass) reported citing the ministry.

The Russian Ministry of Defense added that air defense systems also intercepted two Ukrainian UAVs over the territory of the Kursk region, and two more drones were destroyed over the Bryansk region.

Source: Qatar News Agency

Posted on

Somali President, US Secretary of Defense Discuss Issues of Combating Terrorism

Somali President Hassan Sheikh Mohamud discussed with US Secretary of Defense Lloyd Austin issues of combating terrorism and strengthening American support for the Somali armed forces on the sidelines of an African tour, which includes Djibouti, Kenya, and Angola.

The Somali President, who is currently visiting Djibouti, briefed the US Secretary of Defense on the efforts made by the Somali army to liberate the remaining areas at the hands of members of the Al-Shabaab movement linked to Al-Qaeda, pointing out that militants constitute an obstacle to the development of the region, which requires international cooperation in order to eliminate them.

For his part, the US Secretary of Defense praised the progress made by the Federal Government of Somalia (FGS) in the war against terrorism, stressing the US government’s commitment to helping the federal state ensure security and combat terrorism.

Source: Qatar News Agency

Posted on

Department of Meteorology Warns of Poor Horizontal Visibility

Weather inshore today until 6:00 pm on Monday will be humid and misty to foggy at places at first, becomes hot daytime with some clouds, the Department of Meteorology said in its daily weather report, warning of expected poor horizontal visibility at places at first.

Offshore, it will be misty at first becomes hazy with some clouds at times, the report added.

Wind inshore will be variable less than 03 KT at first, becomes mainly northwesterly to northeasterly 03 – 13 KT.

Offshore, it will be mainly northeasterly to easterly at 03 – 12 KT.

Visibility inshore will be 04 to 08 KM / 02 KM or less at places at first. Offshore, it will be 04 to 08 KM / 03 KM or less at first.

Sea state inshore will be 1 to 2 FT. Offshore, it will be 1 to 3 FT.

Area High Tide Low Tide Mini-Max ———- —————- ——————- ————- Messaid 15:17 **:** 05:43 **:** 34 Wakrah: 13:55 **:** 06:33 21:25 36 Doha: 13:35 **:** 05:10 21:48 39 Al Khor: 13:45 **:** 03:43 **:** 36 Ruwais 01:14 13:14 06:52 20:19 36 Dukhan: 05:52 18:20 11:53 **:** 39 Abo Samra: 05:27 17:55 10:26 23:29 41 Sunrise: 05:23 LT Sunset: 17:27 LT.

Source: Qatar News Agency

Posted on

N. Korea Slams S. Korean President’s Warning against Pyongyang-Moscow Military Cooperation

North Korea on Monday slammed South Korean President Yoon Suk Yeol for making “hysterical” remarks after he warned against possible military cooperation between Pyongyang and Moscow last week.

It is natural for neighboring countries to keep close relations with each other and the development of friendship and cooperation among nations is the legitimate right of a sovereign state and the foundation for regional and global peace and stability, the North’s official Korean Central News Agency (KCNA) said.

Yoon said in a UN General Assembly speech that any arms deal between Pyongyang and Moscow would be considered a “direct provocation” against South Korea, amid growing concerns about their military cooperation in the wake of a summit between North Korean leader Kim Jong-un and Russian President Vladimir Putin, according to South Korea’s news agency (Yonhap).

Source: Qatar News Agency

Posted on

Italy Criticises Germany for Funding Migrant Charity Groups

Italian Defence Minister Guido Crosetto criticised Germany’s plan to finance charities helping migrants in the Mediterranean, saying that the plan causes difficulties for Italy, as Rome tries to enforce tougher measures to stem the flow of sea arrivals.

Crosetto described the German plan as “very serious”, stressing that Italy remains resolute in combating the human smugglers, who he said should be treated as international criminals.

Meanwhile, a spokesperson for the German foreign ministry said on that Berlin was implementing a parliamentary financial support programme for both civilian sea rescue and projects on land.

“We have received several applications for funding. In two cases, the examination of the applications has already been completed,” the spokesperson said, adding that each project would receive between 400,000 and 800,000 euros.

Italian interior ministry data shows that more than 132,000 migrants arrived in Italy by boat this year, an increase of about 69,000, compared to the same period in 2022.

Italian government announced that it would increase the number of migrants detention centers and lengthen the detention period.

Source: Qatar News Agency

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CEO of Mowasalat Reveals Plan for Complete Transition to Clean Energy within Two Years

CEO of Mowasalat Fahad Saad Al Qahtani has revealed a plan for a complete transition to clean energy in the State of Qatar within two years, pointing out that the use of e-buses in the public transport system has reached more than 70 percent, according to the Ministry of Transport’s plan for environmental sustainability.

In an interview with Qatari newspaper Al-Sharq published Monday, Mowasalat’s CEO said that there were around 909 e-buses, which were used during the World Cup, and were completely converted into the public transit system, out of a total of 3,000 buses dedicated to transporting fans during the World Cup only, adding that about 5,000 buses were operated during the tournament for hospitality and security services, as well as various other support services. Work is now underway in coordination with the relevant authorities to distribute charging stations in various areas in the country, in preparation to fully transition to the use of e-buses within a plan issued by the Ministry of Transport, he said, adding that this transition is expected to be reached within the next two years.

He pointed out that Mowasalat is working according to the highest standards and uses modern technology within the control rooms to communicate with its fleets and drivers everywhere, noting that the company is working in cooperation with the Ministry of Education and Higher Education to transport 60,000 students daily, using 2,500 school buses equipped with all security and safety means.

Al Qahtani underlined that the path taken by the company for development was based on two main axes, which are the environmental sustainability and technology in general, which help the company achieve many leaps over the years, stressing that Mowasalat is part of the global events hosted by the country, which is considered an addition to the companys experience and development. The most recent of these events was the FIFA World Cup Qatar 2022, where company benefited greatly at the level of the workforce and building expertise in managing such mega events, and also at the level of infrastructure, he said, adding that after that Mowasalat achieved great and different progress, benefiting from these experiences and applying them in its system.

Regarding joint cooperation with various other entities within the country, he said that successes cannot be achieved except through joint cooperation with various sectors of the State, and there are contracts with government sectors that request various services from the company, as well as cooperation with the private sector, which is considered a strategic partner of Mowasalat, as most buses and light cars are brought from the private sector.

About the availability of transport services in areas outside Doha, the CEO of Mowasalat explained that today they have turned to smart solutions, where the public are able through the “Karwa Taxi” App to request the type of vehicle they need at any time and in any place, with more focus on tourist places in the country and the public location sites.

On the future plans and strategy of Mowasalat, Al Qahtani said that at Mowasalat, they seek to achieve clean public transportation that contributes to the development of sustainability in Qatar, and to increase digitization in all possible fields through available Apps, as well as the use of artificial intelligence (AI) in the company’s systems, adding that a large part of sustainability is achieved by investing in employees, by providing a comfortable work environment that encourages them to continue for a long time, and providing them with residential, service and entertainment facilities, in addition to appropriate training, each according to his competence.

Source: Qatar News Agency