May 21, 2023 – Bahrain News Gazette

May 21, 2023

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Texas Capital Bancshares, Inc. Investors to Inquire About Securities Class Action Investigation – TCBI

NEW YORK, May 20, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Texas Capital Bancshares, Inc. (NASDAQ: TCBI) resulting from allegations that Texas Capital may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Texas Capital securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=2747 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On March, 29, 2021, shares of Texas Capital stock dropped 13% on unusually heavy trading volume as prime brokers associated with now-defunct family office, Archegos Capital Management, unwound large U.S. stock positions linked to the fund.

A Bloomberg article published on November 16, 2021 detailed how Archegos built up a previously undisclosed position equal to 20% of Texas Capital prior to the margin calls that forced Archegos’ liquidation. According to the article, Texas Capital was aware of the large position held by Archegos while it raised additional capital from investors in February 2021.

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

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

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

——————————–

Contact Information:

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

GlobeNewswire Distribution ID 8843405

May 21, 2023

ROSEN, LEADING INVESTOR COUNSEL, Encourages Cavco Industries, Inc. Investors to Inquire About Securities Class Action Investigation – CVCO

NEW YORK, May 20, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Cavco Industries, Inc. (NASDAQ: CVCO) resulting from allegations that Cavco may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Cavco securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=7555 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On November 8, 2018, Cavco revealed in an SEC filing that it had “received a subpoena from the SEC’s Division of Enforcement requesting certain documents relating to, among other items, trading in the stock of another public company.” On this news, Cavco share price fell $49.48 per share, or over 23%, to close at $165.20 per share on November 9, 2018.

On February 4, 2019, Cavco revealed that it had received requests for additional documents. Cavco further disclosed that it spent, and expected to spend, millions of dollars on legal and insurance expenses in relation to the SEC’s subpoenas and Cavco’s independent investigation into the matter. On this news, Cavco’s share price fell $26.92 per share, or about 16.7%, to close at $134.37 per share on February 5, 2019.

On September 2, 2021, the SEC filed a complaint against Cavco, former CEO Joseph Stegmayer, and former CFO and Chief Compliance Officer Daniel Urness. The SEC complaint alleged that Stegmayer and Urness caused Cavco to purchase shares of publicly traded companies on material non-public information. On this news, Cavco’s share price fell $6.59 per share, or about 2.5%, to close at $252.48 per share on September 3, 2021.

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

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

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

Contact Information:

GlobeNewswire Distribution ID 8843404

May 21, 2023

Industry Minister meets Nigerian Minister of Communications and Digital Economy

Manama, May 21 Minister of Industry and Commerce Abdulla bin Adel Fakhro met Nigerian Minister of Communications and Digital Economy Dr. Isa Ali Ibrahim, in the presence of a number of senior officials from both sides, to discuss a number of common economic issues.

The Minister welcomed Nigerian Minister Dr. Isa Ali, stressing the importance of mutual visits, joint investment and economic projects and positive initiatives of both countries to enhance bilateral cooperation.

Fakhro spoke about the investment opportunities Bahrain provides for investors from all over the world, pointing out the easy procedures and advantages it offers to investors and various investment projects. He highlighted the national strategy that enhances Bahrain’s financial and investment position and attracts major international projects, whether in the industrial or commercial sector.

Dr. Isa Ali Ibrahim hailed Bahrain’s great urban and economic progress, praising the government’s role in attracting foreign investments by facilitating the establishment of distinguished industrial and commercial projects.

Source: Bahrain News Agency

May 21, 2023

Coast Guard rescues five individuals

Coast Guard patrols have rescued 5 individuals in two different cases after their boats were exposed to water leakage in the marine area near Al Dar Islands. The individuals are in good health condition.

The Coast Guard clarified that it had received a distress call from an individual, who was rescued at once. The Operation Room responded to the second call as maritime patrols headed to the location, rescued the individuals and towed the two boats to shore.

The Coast Guard calls on all seafarers to check the weather and follow the instructions and warnings issued by the concerned authorities in this regard, in addition to providing safety equipment on boats.

Source: Bahrain News Agency

May 21, 2023

EWA, Alba sign agreement

The Electricity and Water Authority (EWA) and Aluminium Bahrain (Alba) signed a Technical Agreement for Operation and Maintenance of the EWA-Alba links

The agreement will give the opportunity to exchange energy yearly and seasonally to boost energy efficiency through scheduling the timing between exporting and importing between their electric systems.

Commenting, Kamal bin Ahmed Mohammed, President of EWA, said that energy programmes fall under initiatives of enhancing the quality of energy production in the Kingdom so that it can be invested in the proper method.

He affirmed that the implementation of energy exchange is conducted by following meticulous technical procedures that ensure the operating of the lines connected with Alba while following the proper operational standards to benefit from energy producing between the two parties to the fullest.

EWA and Alba both aim at archiving medium and long-term cooperation that will be in line with future needs.

“We are pleased to continue this well-established cooperation with the Electricity and Water Authority in the field of energy exchange operations, which is in line with Alba’s goal of optimising the use of natural gas in the company’s power plants, providing the necessary stability for operations around the clock, all days of the year, and ensuring the reliability and durability of the energy infrastructure, Alba and the Electricity and Water Authority alike,” Shaikh Daij bin Salman bin Daij Al Khalifa, the Chairman of Alba said.

He added, “With the increasing focus on clean energy solutions, including solar energy, we look forward to working with the Electricity and Water Authority towards a sustainable and carbon-free future, to achieve the goals of the Kingdom of Bahrain to reach zero carbon neutrality by 2060.”

Source: Bahrain News Agency

May 21, 2023

Joint inspection campaign carried out in Capital Governorate

The Labour Market Regulatory Authority (LMRA) conducted a joint inspection campaign in the Capital Governorate, in coordination with the Nationality, Passports and Residence Affairs (NPRA) of the Ministry of Interior and the Capital Governorate Police Directorate.

The campaign resulted in reporting violations related to the Labour Market and Residency laws. The cases were referred for legal action. LMRA stressed its commitment to report any violation through a continuous and intensive inspection plan, in cooperation with the relevant government entities.

The Labour Market Regulatory Authority renewed its call on all members of the society to support the efforts of government agencies in addressing illegal labour practices by reporting violations via the electronic form on LMRA’s website www.lmra.gov.bh or by calling the Authority’s call centre on 17506055.

Source: Bahrain News Agency

May 21, 2023

Bahrain participates in IPHRC meeting

The Bahraini delegation, led by Ambassador Dr. Arwa Hassan Al Sayed, the Head of the Human Rights Sector at the Ministry of Foreign Affairs and member of the Organisation of Islamic Cooperation (OIC)’s Permanent Independent Human Rights Commission (IPHRC), participated in the 21st session of IPHRC, which convened in Jeddah, the Kingdom of Saudi Arabia.

Addressing the thematic discussion session on commercial activities and human rights, Ambassador Dr. Arwa Hassan Al Sayed highlighted Bahrain’s unique experience in economic empowerment of the youth and women and how it contributes to achieving the sustainable development goals, Bahrain Economic Vision 2030, and the government’s programmes.

She also underscored the kingdom’s strides in promoting human rights, especially with regard to labour laws. She pointed out Bahrain’s steadfast commitment to improving the welfare of its workforce, guaranteeing fair treatment and providing a favourable work environment through comprehensive legislation.

Ambassador Dr. Arwa Hassan Al Sayed noted that Bahrain’s comprehensive efforts helped maintain its top tier ranking, for the fifth consecutive year, according to the US State Department report on Trafficking in Persons (TIP), to become the sole Arab country to achieve this rating.

Source: Bahrain News Agency