Rakshit Choudhary : de directeur des opérations à co-PDG de Deriv

  • Rakshit Choudhary, promu co-PDG, collaborera avec le fondateur et PDG Jean-Yves Sireau
  • Deriv donne un coup de neuf à son modèle de leadership à l’approche de la célébration de son 25e anniversaire
Rakshit Choudhary : de directeur des opérations à co-PDG de Deriv

Rakshit Choudhary, co-CEO of Deriv

Rakshit Choudhary, co-PDG de Deriv

CYBERJAYA, Malaysia, 26 avr. 2024 (GLOBE NEWSWIRE) — À l’approche de son 25e anniversaire, qui est un moment marquant pour cette entreprise de trading en ligne, Deriv a annoncé la promotion de Rakshit Choudhary du poste de directeur des opérations (COO) à celui de co-Président-directeur général (co-PDG). Ce modèle de co-leadership permettra de tirer parti des différentes forces et des diverses approches des deux dirigeants.

Le choix d’un tel modèle n’a pas uniquement une visée stratégique pour Deriv. Il permet à l’organisation d’intégrer des points de vue divers et le travail d’équipe à la prise de décisions critiques, afin de maintenir l’agilité de l’entreprise. Ce double cadre de leadership contribuera également à créer un environnement où le respect réciproque et la responsabilité partagée constituent la norme, et où l’autonomie individuelle est équilibrée par une vision collective.

D’après Jean-Yves Sireau, fondateur et co-PDG de Deriv : « Rakshit a l’étoffe du leader qui comprend parfaitement la vision de Deriv. Sa promotion au poste de co-PDG va donc de soi. C’est comme cette synergie que l’on observe dans la programmation en binôme, cela améliore la prise de décision et l’alignement des objectifs. »

« Le 25e anniversaire de Deriv marque un moment de réflexion. Renouveler notre modèle de leadership nous permet de passer à la phase supérieure de l’activité de Deriv, qui est axée sur une expansion mondiale et un engagement plus profond avec des marchés diversifiés. Cette double approche de leadership permet à Deriv de rester innovant et de s’engager en faveur d’un excellent service client et de partenariats solides. »

Choudhary, qui est titulaire d’une maîtrise obtenue au Georgia Institute of Technology, a occupé depuis 2009 les postes de spécialiste de l’analyse quantitative, puis responsable du développement quantitatif et de la recherche à Deriv. Il a ensuite occupé le poste de responsable du développement de produits avant d’être promu directeur des opérations en 2018.

Rakshit Choudhary fait part de ses impressions : « Participer directement, ces 14 dernières années, à la croissance et à l’évolution incroyables de Deriv, qui est resté fidèle à sa mission consistant à rendre le trading accessible à tous et partout, fut un privilège inédit pour moi. Au cœur de cette mission se trouve la volonté de rester innovant, sûr et accessible. C’est avec plaisir que continuerai à développer les activités de Deriv à l’échelle mondiale aux côtés de Jean-Yves, afin d’accompagner l’entreprise au cours de ses 25 prochaines années de succès. »

Deriv est également passée à un modèle de co-directrice financière, Jennice Lourdsamy, précédemment responsable des comptes et des paiements, assumant un double rôle de leadership en tant que co-directrice financière aux côtés de Louise Wolf, l’actuelle directrice financière. Le co-leadership ne se limite pas aux postes de direction. Chez Deriv, elle s’étend à tous les niveaux de l’entreprise et cadre avec ses valeurs que sont l’intégrité, la compétence, l’orientation client et l’esprit d’équipe.

Deriv reste fidèle à ses principes d’excellence en matière de leadership, marqués par une vision claire, des approches axées sur les résultats, un apprentissage continu et une propension à l’action. Ces principes alimentent les opérations quotidiennes et sont essentiels à la réalisation de la mission de Deriv : rendre les solutions de trading de pointe accessibles dans le monde entier.

À propos de Deriv

Depuis 25 ans, Deriv s’attèle à rendre le trading en ligne accessible à tous et partout. Constituée aujourd’hui d’un réseau comptant plus de 2,5 millions de traders dans le monde, la société fournit une riche gamme de types de contrat. En outre, elle propose fièrement plus de 200 actifs sur des marchés populaires à partir de ses plateformes de trading primées et intuitives. Deriv a su développer une culture au sein de ses bureaux, comptant plus de 1 300 employés répartis dans le monde, qui célèbre les réalisations, encourage la croissance professionnelle et favorise le développement des talents, ce qui justifie son accréditation Platinum délivrée par Investors in People.

CONTACT PRESSE
pr@deriv.com

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Deriv promotes Rakshit Choudhary from COO to co-CEO

Rakshit Choudhary promoted to co-CEO

Deriv promotes Rakshit Choudhary from COO to co-CEO

  • Rakshit Choudhary promoted to co-CEO, partnering with Founder and CEO Jean-Yves Sireau
  • Deriv refreshes its leadership model as it gets set to celebrate its 25th anniversary

    Rakshit Choudhary, co-CEO of Deriv

Rakshit Choudhary, co-CEO of Deriv

CYBERJAYA, Malaysia, April 26, 2024 (GLOBE NEWSWIRE) — In a significant move for the online trading company, as it approaches its 25th anniversary, Deriv has announced the promotion of Rakshit Choudhary from Chief Operating Officer (COO) to co-Chief Executive Officer (co-CEO). The co-CEO model will capitalise on the different strengths and diverse perspectives of both leaders.

Choosing the co-model is not just a strategic move for Deriv. It lets the organisation incorporate diverse viewpoints and teamwork into critical decision-making to keep the business agile. This double leadership framework also creates an environment where reciprocal respect and shared accountability are standard practices and balances individual autonomy with a collective vision.

Jean-Yves Sireau, Founder and co-CEO of Deriv, said: “Rakshit is a great leader with a deep understanding of Deriv’s business, so his move to co-CEO is a natural step forward for us. It is like the synergy you see in pair programming—improved decision-making and better alignment of goals.

“Deriv turning 25 is a moment for reflection. Refreshing our leadership model makes us well-positioned to take on the next phase of Deriv’s business, which is focused on expanding globally and engaging more deeply with diverse markets. This dual leadership approach helps keep Deriv innovative and committed to excellent customer service and strong partnerships.”

Choudhary, who holds a Master’s degree from Georgia Institute of Technology, joined Deriv in 2009 as a Quantitative Analyst and then Head of Quantitative Development & Research. His next role at Deriv was Head of Product Development before his promotion to COO in 2018.

Rakshit Choudhary shared his thoughts on his new role: “I have been lucky to be part of Deriv’s incredible growth and evolution for the last 14 years, witnessing firsthand its mission to make trading accessible to anyone, anywhere. At the centre of this is a focus on staying innovative, secure, and accessible. I look forward to continuing to grow Deriv’s business globally alongside Jean-Yves, as we take the company into another successful 25 years.”

Deriv has also transitioned to a co-CFO model with Jennice Lourdsamy, previously Head of Accounts and Payments taking a double leadership role as co-CFO alongside Louise Wolf, the current CFO. The co-leadership mindset does not end at the C-level. It is practised across Deriv at all levels, in line with the company’s values of integrity, competence, customer focus, and teamwork.

Deriv remains committed to its principles of leadership excellence, marked by clear vision, result-oriented approaches, continuous learning, and a bias for action. These principles are embedded in daily operations and are critical to achieving Deriv’s mission of making advanced trading solutions accessible worldwide.

About Deriv

For 25 years, Deriv has been committed to making online trading accessible to anyone, anywhere. Trusted by over 2.5 million traders worldwide, the company offers an expansive range of trade types and boasts over 200 assets across popular markets on its award-winning, intuitive trading platforms. With a workforce of more than 1,400 people globally, Deriv has cultivated an environment that celebrates achievements, encourages professional growth, and fosters talent development, which is reflected in its Platinum accreditation by Investors in People.

PRESS CONTACT
pr@deriv.com

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GlobeNewswire Distribution ID 9106564

A Deriv promove Rakshit Choudhary de COO para co-CEO

Rakshit Choudhary foi promovido a co-CEO da Deriv

A Deriv promove Rakshit Choudhary de COO para co-CEO

  • Rakshit Choudhary foi promovido a co-CEO, juntando-se ao fundador e CEO Jean-Yves Sireau
  • A Deriv atualiza o seu modelo de liderança enquanto se prepara para celebrar o 25º aniversário

Rakshit Choudhary, co-CEO of Deriv

Rakshit Choudhary, co-CEO da Deriv

CYBERJAYA, Malaysia, April 26, 2024 (GLOBE NEWSWIRE) — Num passo significativo para a empresa de negociação online, prestes a celebrar o seu 25º aniversário, a Deriv anunciou que Rakshit Choudhary foi promovido de Diretor de Operações (COO) a Co-Diretor Executivo (co-CEO). O modelo de co-CEO irá capitalizar sobre as diferentes qualidades e perspetivas diversificadas de ambos os líderes.

A adoção deste modelo de colaboração não se resume apenas a um movimento estratégico para a Deriv. Permite à organização incorporar diversos pontos de vista e trabalho de equipa na tomada de decisões críticas para manter a agilidade do negócio. Esta estrutura de liderança dupla também estabelece um ambiente onde o respeito mútuo e a partilha de responsabilidades são práticas habituais que equilibram a autonomia individual com uma visão coletiva.

Jean-Yves Sireau, Fundador e co-CEO da Deriv, declarou: “Rakshit é um líder excecional que possui um vasto conhecimento sobre as operações da Deriv, portanto, a sua nomeação como co-CEO é um passo natural para nós. É semelhante à sinergia observada quando dois programadores colaboram lado a lado num único computador — resultando numa tomada de decisões mais eficaz e num melhor alinhamento de objetivos.”

“O facto de a Deriv comemorar 25 anos é um momento de reflexão. Ao atualizarmos o nosso modelo de liderança, colocamo-nos numa posição vantajosa para enfrentar a próxima fase do negócio da Deriv, que se concentra na expansão global e numa maior interação com diversos mercados. Esta estratégia de liderança colaborativa contribui para manter a Deriv inovadora e comprometida em oferecer um serviço ao cliente excelente e em estabelecer parcerias sólidas.”

Choudhary concluiu o seu mestrado no Georgia Institute of Technology e ingressou na Deriv em 2009 como Analista Quantitativo. Mais tarde, assumiu o papel de Responsável pelo Desenvolvimento Quantitativo e de Investigação. Avançou na empresa para liderar o Desenvolvimento de Produtos antes de ser promovido a COO em 2018.

Rakshit Choudhary partilhou as suas reflexões sobre o seu novo cargo: “Tive a sorte de fazer parte do incrível crescimento e evolução da Deriv nos últimos 14 anos, sendo testemunha direta da sua missão em tornar a negociação acessível a qualquer pessoa, em qualquer lugar. No centro disso está o compromisso contínuo para com a inovação, segurança e acessibilidade. Estou entusiasmado por contribuir para a expansão global dos negócios da Deriv, ao lado de Jean-Yves, enquanto levamos a empresa para outros 25 anos de sucesso.”

A Deriv também adotou o modelo de co-CFO, no qual Jennice Lourdsamy, anteriormente Responsável pelas Contas e Pagamentos, assumiu uma posição de liderança conjunta como co-CFO, ao lado de Louise Wolf, a atual CFO. A mentalidade de co-liderança não termina nos cargos executivos. É praticada em todos os níveis da empresa, em conformidade com os valores fundamentais da empresa de integridade, competência, orientação para o cliente e trabalho de equipa.

A Deriv mantém-se fiel aos seus princípios de liderança de excelência, caracterizados por uma visão clara, abordagens orientadas para resultados, aprendizagem contínua e uma inclinação para a ação. Estes princípios são integrados nas atividades diárias, sendo fundamentais para alcançar a missão da Deriv de tornar as soluções avançadas de negociação acessíveis em todo o mundo.

Sobre a Deriv

Ao longo de 25 anos, a Deriv manteve um compromisso firme de tornar a negociação online acessível a qualquer pessoa, em qualquer lugar. Com a confiança de mais de 2,5 milhões de traders em todo o mundo, a empresa oferece uma ampla variedade de tipos de negociação e disponibiliza mais de 200 ativos em mercados populares nas suas plataformas de negociação premiadas e intuitivas. Com uma força de trabalho de mais de 1.300 pessoas em todo o mundo, a Deriv tem cultivado um ambiente que celebra conquistas, incentiva o crescimento profissional e promove o desenvolvimento de talentos, o que é refletido na sua acreditação Platinum pela Investors in People.

CONTACTO DE IMPRENSA
pr@deriv.com

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Zahid Group is recognized as a “Top Employer in the Middle East for 2024”

“We start with integrity and end with excellence.”

Jeddah, Saudi Arabia, Zahid Business Park, April 25, 2024 (GLOBE NEWSWIRE) — On Thursday, 18 January 2024, Jeddah, Kingdom of Saudi Arabia: The Top Employers Institute recognized Zahid Group as a Top Employer in the Middle East for 2024, placing the group among the top 10% employers in KSA.

“We start with integrity and end with excellence.”

The Top Employers Institute is the global authority that recognizes excellence in people’s practices and helps accelerate them to enrich the world of work. It allows participating companies to be validated, certified, and recognized as employers of choice. Established over 30 years ago, the Top Employers Institute has certified 2,300 organizations in 121 countries/regions. These certified Top Employers positively impact the lives of over 9 million employees globally.

The certification was granted following an extensive assessment of the group’s integrated human resources practices across the examined International Companies in six domains and twenty sub-topics, thoroughly auditing the policies and practices. This achievement endorses Zahid Group’s shared values and best-in-class people practices, highlighting the areas for further improvement and development.

Amr W. Zawawi, The Group Human Resource Manager, said, “Being recognized as a “Top Employer in the Middle East for 2024” is a true testament to the Group’s passion for its people, commitment to its shared values, and dedication to excellence. This opportunity is worth seizing to congratulate all Zahid Group members and leadership for accomplishing this achievement; this will serve as an incentive to maintain the same approach, starting with integrity and ending with excellence.”

Attachment

Mohammad Halabi
Zahid Group
M.halabi@anotherintl.com

GlobeNewswire Distribution ID 9105833

Elavon et FreedomPay sont sur le point de transformer le secteur des paiements dans l’hôtellerie et la vente au détail en Europe

LONDRES, 25 avr. 2024 (GLOBE NEWSWIRE) — Elavon, l’un des principaux prestataires de solutions de paiement au monde, a annoncé ce jour sa collaboration élargie en Europe avec FreedomPay, leader mondial en matière de technologies Next Level Commerce™. Le partenariat a pour objectif d’amener des solutions de commerce intégrées ainsi qu’une technologie de paiement omnicanal de pointe aux grandes entreprises dans les secteurs de la vente au détail et de l’hôtellerie.

L’accord associe l’acquisition d’Elavon aux technologies commerciales FreedomPay au bénéfice des commerçants d’Elavon à travers toute l’Europe. Les entreprises disposeront d’une flexibilité et d’options de paiement améliorées, de données sécurisées et d’une technologie de paiement parfaitement intégrée, sur les canaux de commerce physique comme électronique.

« Elavon et FreedomPay sont forts d’une expérience enviable en Europe, où ils permettent aux commerçants dans les secteurs de l’hôtellerie et de la vente au détail de développer leurs opérations et de mieux répondre aux besoins de leurs clients », a déclaré Hemlata Narasimhan, présidente d’Elavon en Europe. « Nous sommes heureux d’approfondir nos liens avec FreedomPay dans notre effort continu d’offrir l’expérience de paiement de premier ordre qui a fait notre renommée. »

Elavon est depuis longtemps positionné comme un leader dans le secteur des paiements dans l’hôtellerie et la vente au détail, et l’intégration à la plateforme de commerce FreedomPay permet de réunir les fonctions de sécurité, d’identité, de paiements, de suivi de la fidélité et de publicité et des solutions exclusives basées sur les données.

« Ensemble, Elavon et FreedomPay redessinent le paysage international du secteur des paiements, en offrant encore davantage de fonctionnalités et d’innovations aux entreprises et à leurs clients », a déclaré Chris Kronenthal, président de FreedomPay. « Les commerçants peuvent désormais s’attendre à une expérience de paiement fluide et harmonieuse, avec en prime un traitement des données, un suivi de la fidélité et une sécurité de qualité supérieure. »

À propos d’Elavon (elavon.co.uk)

Elavon, principale société spécialisée dans les paiements internationaux, emploie plus de 4 300 personnes et est présente dans 10 pays. Filiale d’U.S. Bancorp (NYSE : USB), Elavon fournit aux entreprises les technologies nécessaires pour accepter les paiements des clients, que ce soit pour des achats en magasin, à domicile ou en déplacement.

Sa plateforme se distingue par le fait qu’elle offre un accès commun à travers les pays, ce qui facilite la mise en place rapide et sécurisée de leur système de paiement par les entreprises.

Elavon Financial Services DAC. Enregistrée en Irlande auprès du Bureau d’enregistrement des sociétés. La responsabilité des membres est limitée. Succursale du Royaume-Uni enregistrée en Angleterre et au Pays de Galles sous le numéro BR022122.

Elavon Financial Services DAC, exerçant ses activités sous le nom d’Elavon Merchant Services, est un établissement de crédit agréé et réglementé par la Banque centrale d’Irlande. Autorisé par la Prudential Regulation Authority (Autorité de régulation prudentielle britannique). Soumis à la réglementation de la Financial Conduct Authority (Autorité de conduite financière britannique) et à une réglementation limitée de la Prudential Regulatory Authority. Des informations plus détaillées concernant la portée de la réglementation appliquée auprès de nous par la Prudential Regulatory Authority sont disponibles sur demande.

À propos de FreedomPay (www.freedompay.com)

La plateforme Next Level Commerce™ de FreedomPay transforme les anciens systèmes et processus de paiement existants en systèmes de pointe, et permet aux commerçants de libérer la puissance des paiements. Choix privilégié pour beaucoup des plus grandes entreprises au monde dans les secteurs de la vente au détail, de l’hôtellerie, de l’hébergement, des jeux, des sports et divertissements, de la restauration, de l’éducation, de la santé et des services financiers, la technologie de FreedomPay a été spécialement conçue pour offrir des performances à toute épreuve dans l’environnement très complexe du commerce international.

La société maintient un environnement de sécurité de haut niveau et s’est illustrée comme la première à obtenir la validation très convoitée du PCI Security Standards Council (Conseil des normes de sécurité du secteur des cartes de paiement) concernant la norme de chiffrement point à point P2PE/EMV (Point-To-Point/Europay Mastercard Visa) en Amérique du Nord. Les solutions robustes de FreedomPay en matière de paiements, de sécurité, d’identité et d’analyse des données sont disponibles en boutique, en ligne et sur mobile, et sont prises en charge par une adoption rapide d’API (Application Programming Interface, ou interface de programmation d’application). La plateforme de commerce FreedomPay, qui a obtenu de nombreuses récompenses, fonctionne sur une pile technologique unique et unifiée à travers plusieurs continents, permettant aux entreprises d’offrir une expérience innovante supérieure à l’échelle mondiale.

Coordonnées :
Hayley Myles
Hill & Knowlton pour FreedomPay
Hayley.Myles@hillandknowlton.com

GlobeNewswire Distribution ID 9105702

ROSEN, A LEADING LAW FIRM, Encourages HireRight Holdings Corporation Investors to Secure Counsel in Securities Class Action – HRT

NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of HireRight Holdings Corporation (NYSE: HRT) pursuant and/or traceable to the registration statement and prospectus (collectively, the “Offering Documents”) issued in connection with HireRight’s October 2021 initial public offering (the “IPO”), of the important June 3, 2024 lead plaintiff deadline.

SO WHAT: If you purchased HireRight securities 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 HireRight class action, go to https://rosenlegal.com/submit-form/?case_id=23874 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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 June 3, 2024. 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, the Offering Documents made false and/or misleading statements and/or failed to disclose that: (1) HireRight was exposed to customers with significant employment and hiring risk and HireRight derived greater revenue growth from existing client hiring than from new client hiring; (2) as a result, HireRight’s revenue growth was unsustainable to the extent that it relied on the stability of its current customers’ hiring and/or the profitability of securing new customers; (3) accordingly, HireRight had overstated its post-IPO business and/or prospects; and (4) as a result, defendants’ statements about HireRight’s 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 HireRight class action, go to https://rosenlegal.com/submit-form/?case_id=23874 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9105680

ROSEN, LEADING INVESTOR COUNSEL, Encourages Checkpoint Therapeutics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CKPT

NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Checkpoint Therapeutics, Inc. (NASDAQ: CKPT) between March 10, 2021 and December 15, 2023, both dates inclusive (the “Class Period”), of the important June 4, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Checkpoint 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 Checkpoint class action, go to https://rosenlegal.com/submit-form/?case_id=23997 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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 June 4, 2024. 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) Checkpoint had overstated its oversight of, and/or its establishment of adequate manufacturing standards and controls over, its third-party contract manufacturers; (2) accordingly, there were one or more issues with Checkpoint’s third-party contract manufacturing organization (“CMO”) for cosibelimab, Checkpoint’s lead antibody product candidate; (3) all the foregoing reduced the likelihood that the Federal Drug Administration would approve the cosibelimab Biologics License Application (“BLA”) in its present form; (4) as a result, the manufacturing, regulatory, and commercial prospects of cosibelimab were overstated; and (5) as a result, Checkpoint’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 Checkpoint class action, go to https://rosenlegal.com/submit-form/?case_id=23997 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9105665

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages AST SpaceMobile, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ASTS

NEW YORK, April 25, 2024 (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 AST SpaceMobile, Inc. (NASDAQ: ASTS) between November 14, 2023 and April 1, 2024, 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 June 17, 2024.

SO WHAT: If you purchased AST Spacemobile 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 AST Spacemobile class action, go to https://rosenlegal.com/submit-form/?case_id=24272 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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 June 17, 2024. 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) production of AST Spacemobile’s five Block 1 BlueBird satellites had been negatively impacted by two suppliers of key subsystems; (2) as a result, AST Spacemobile had not substantially completed the production of the Block 1 BlueBird satellites; (3) as a result, AST Spacemobile’s five Block 1 BlueBird satellites were not on track to launch in the first quarter of 2024; and (4) as a result of the foregoing, defendants’ positive statements about AST Spacemobile’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 AST Spacemobile class action, go to https://rosenlegal.com/submit-form/?case_id=24272 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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.

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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
case@rosenlegal.com
www.rosenlegal.com

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