March 4, 2023 – Somalia News Gazette

March 4, 2023

BROS EQUITY ALERT: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Dutch Bros, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – BROS

NEW YORK, March 03, 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 Dutch Bros, Inc. (NYSE: BROS) between March 1, 2022 and May 11, 2022, 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 May 1, 2023.

SO WHAT: If you purchased Dutch Bros 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 Dutch Bros class action, go to https://rosenlegal.com/submit-form/?case_id=12586 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 May 1, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class made materially false and/or misleading statements, and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company was experiencing increased costs and expenses, including on dairy; (2) as a result, the Company was experiencing increased margin pressure and decreased profitability in the first quarter of 2022; and (3) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Dutch Bros class action, go to https://rosenlegal.com/submit-form/?case_id=12586 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8781413

March 4, 2023

CGNT EQUITY ALERT: ROSEN, A TOP RANKED GLOBAL COUNSEL, Encourages Cognyte Software Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CGNT

NEW YORK, March 03, 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 Cognyte Software Ltd. (NASDAQ: CGNT) between February 2, 2021 and June 28, 2022, 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 May 1, 2023.

SO WHAT: If you purchased Cognyte 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 Cognyte class action, go to https://rosenlegal.com/submit-form/?case_id=12578 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 May 1, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class misled investors and/or failed to disclose that Cognyte created, distributed, and provided reconnaissance tools and services that violated community standards and terms of service of communication network sources and technologies, such as Facebook, exposing the Company to significant financial and reputational risk. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Cognyte class action, go to https://rosenlegal.com/submit-form/?case_id=12578 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.

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:

GlobeNewswire Distribution ID 8781403

March 4, 2023

ROSEN, GLOBALLY RESPECTED INVESTOR COUNSEL, Encourages VBit Technologies Corp., VBit Mining LLC Investors to Secure Counsel Before Important Deadline in Securities Class Action

NEW YORK, March 03, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of VBit Technologies Corp., VBit Mining LLC (Collectively, “VBit”) securities, which were unregistered in the form of investment contracts, between January 1, 2019 and February 13, 2023, inclusive (the “Class Period”), of the important April 17, 2023 lead plaintiff deadline.

SO WHAT: If you purchased VBit securities, which were in the form of investment contracts, 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 VBit class action, go to https://rosenlegal.com/submit-form/?case_id=12202 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 April 17, 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 handle 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 violated provisions of the Exchange Act by making false and misleading statements and omitting material information concerning VBit’s mining operations. The lawsuit also alleges that defendants violated the Securities Act by offering, selling and soliciting unregistered securities.

To join the VBit class action, go to https://rosenlegal.com/submit-form/?case_id=12202 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.

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:

GlobeNewswire Distribution ID 8781452

March 4, 2023

ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages Tesla, Inc. Investors With Losses to Secure Counsel Before Important Deadline in Securities Class Action – TSLA

NEW YORK, March 03, 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 the securities of Tesla, Inc. (NASDAQ: TSLA) between February 19, 2019 and February 17, 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 April 28, 2023.

SO WHAT: If you purchased Tesla 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 Tesla class action, go to https://rosenlegal.com/submit-form/?case_id=12483 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 April 28, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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) defendants had overstated the efficacy, viability, and safety of the Company’s Autopilot and Full Self-Driving “FSD” technologies; (2) Tesla’s Autopilot and FSD technologies created a serious risk of accident and injury; (3) as a result of the foregoing, Tesla was subjected to an increased risk of regulatory and governmental scrutiny and enforcement action, as well as reputational harm; (4) 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 Tesla class action, go to https://rosenlegal.com/submit-form/?case_id=12483 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.

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:

GlobeNewswire Distribution ID 8781446

March 4, 2023

ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Honda Motor Co., Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action – HMC

NEW YORK, March 03, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of American Depository Shares (“ADSs”) of Honda Motor Co., Ltd. (NYSE: HMC) between June 20, 2018 and September 28, 2022, both dates inclusive (the “Class Period”) of the important April 3, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Honda ADSs 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 Honda class action, go to https://rosenlegal.com/submit-form/?case_id=11692 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 April 3, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle 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) Honda had overstated the safety and effectiveness of the Idle Stop engine feature; (2) Honda maintained deficient disclosure controls and procedures with respect to product quality and safety; (3) as a result of the foregoing deficiencies, Honda failed to prevent American Honda from marketing and selling thousands of vehicles that contained a defective Idle Stop feature; (4) the foregoing conduct subjected the Company and/or its subsidiaries to a heightened risk of litigation, as well as financial and/or reputational harm; and (5) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Honda class action, go to https://rosenlegal.com/submit-form/?case_id=11692 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.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

GlobeNewswire Distribution ID 8781417

March 4, 2023

Fire at a fuel storage kills at least 17, injures dozens

A large fire broke out at a fuel storage depot in Indonesia’s capital Friday, killing at least 17 people, injuring dozens of others and forcing the evacuation of thousands of nearby residents after spreading to their neighborhood, officials said.

The Plumpang fuel storage station, operated by state-run oil and gas company Pertamina, is near a densely populated area in the Tanah Merah neighborhood in North Jakarta. It supplies 25% of Indonesia’s fuel needs.

At least 260 firefighters and 52 fire engines were struggling to contain the blaze in the nearby neighborhood, fire officials said.

Video of the fire broadcast on television showed hundreds of people in the community running in panic while thick plumes of black smoke and orange flames filled the sky and firefighters battled the blaze.

A preliminary investigation showed the fire broke out when a pipeline ruptured during heavy rain, possibly from a lightning strike, said Eko Kristiawan, Pertamina’s area manager.

He said the fire would not disrupt the country’s fuel supply.

The acting Jakarta Governor Heru Budi Hartono, said about 600 displaced people were being taken to temporary shelters at several government offices and a sport stadium.

Satriadi Gunawan, who heads Jakarta’s fire and rescue department, said at least 17 people were dead, including two children, and 50 had been hospitalized, some with severe burns.

“The fire caused several explosions and quickly spread to residential houses,” Gunawan said.

Indonesia’s minister of State-Owned Enterprises, Erick Thohir, expressed condolences to the victims and their families and ordered Pertamina to thoroughly investigate the fire and focus on quickly assisting the community.

“There must be an operational evaluation in the future. I’ll continue to monitor this case,” Thohir said in a video statement.

Friday’s fire was the second large blaze at the Plumpang fuel depot. In 2014, a fire engulfed at least 40 nearby houses, but no casualties were reported.

Fahmi Radhi, an energy analyst from Gajah Mada University, urged Pertamina and the government to immediately move the depot away from the nearby community settlements.

“Pertamina has been negligent by not using international standard security systems,” he said in an interview with KOMPAS TV. He said that since the 2014 fire there had been no efforts to put such a system in place and that regular inspections should be conducted to avoid future fires.

Source: Somali National News Agency

March 4, 2023

Cambodian court sentences opposition leader to 27 years on treason charge

A court in Cambodia convicted opposition leader Kem Sokha of treason on Friday and sentenced him to 27 years of house arrest, the latest blow in a campaign by the government to silence its critics or drive them out of the country.

The ruling against the country’s most prominent opposition politician not in exile, widely condemned by rights groups and foreign governments, comes just four months ahead of a general election. Kem Sokha’s September 2017 arrest marked the beginning of a fierce campaign by Prime Minister Hun Sen’s government to use the courts — widely considered to be under its influence — in a crackdown on dissent. Since then, most other top government critics have fled Cambodia to escape what were generally seen as politically inspired prosecutions.

Kem Sokha’s Cambodia National Rescue Party was seen as an electoral threat to Prime Minister Hun Sen in 2017, and his arrest came about 10 months before the country’s last general election. The Supreme Court dissolved the party soon after and its members were expelled from Parliament.

JUDGE SAYS OPPOSITION LEADER PLOTTED “COLOR REVOLUTION”

The government charged that an old video of Kem Sokha speaking at a seminar about receiving advice from U.S. pro-democracy groups was proof of collusion with a foreign power to illegally take power.

Judge Koy Sao of the Phnom Penh Municipal Court said Kem Sokha, backed by foreign powers, had used human rights and politics as a guise to organize people to stage a “color revolution” aimed at toppling the legal government. The maximum sentence is 30 years.

The court said Kem Sokha is barred from all political activity, including voting, and not allowed to meet with anyone, Cambodian or foreign, except for family members. He may leave the house only with the court’s permission.

His lawyer, Ang Udom, told reporters he will file an appeal within one month.

RIGHTS GROUPS, U.S., CONDEMN VERDICT

Rights organizations decried Friday’s court ruling.

“It was obvious from the start that the charges against Kem Sokha were nothing but a politically motivated ploy by Prime Minister Hun Sen to sideline Cambodia’s major opposition leader and eliminate the country’s democratic system,” said Phil Robertson, deputy Asia director at Human Rights Watch. “Sending Kem Sokha to prison isn’t just about destroying his political party, but about squashing any hope that there can be a genuine general election in July.”

Source: Somali National News Agency

March 4, 2023

Somali Speaker meets his Egyptian counterpart in Cairo

The Speaker of the Parliament of the Federal Republic of Somalia, H.E Sheikh Adan Mohamed Nour and his delegation met with the Speaker of the Egyptian House of Representatives, Counselor Hanafi Gebali, as part of an official visit to Cairo.

The Speaker was received at Cairo airport by the Ambassador of Somalia to Egypt, Elias Sheikh Omar, and officials from the Egyptian Parliament.

The Speaker is expected to hold meetings with Egyptian officials during the visit to discuss strengthening Somali-Egyptian parliamentary relations, joint cooperation in various fields and exchanging parliamentary experiences between the two brotherly countries.

Source: Somali National News Agency