Day: November 10, 2023

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ROSEN, INVESTOR COUNSEL, Encourages Paycom Software, Inc. Investors to Inquire About Securities Class Action Investigation – PAYC

NEW YORK, Nov. 09, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Paycom Software, Inc. (NYSE: PAYC) resulting from allegations that Paycom may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Paycom 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=20233 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 October 31, 2023, after market hours, Paycom reported its financial results for the third quarter of 2023 and provided financial projections for 2024. In response to Paycom’s reported financial results and projections, MarketWatch released an article entitled “Paycom’s stock plunges 32% as payroll company whiffs on earnings outlook”, which stated that “Paycom expects 10% to 12% revenue growth in 2024. Analysts had previously been modeling a 21% rise. Then on November 1, 2023, during market hours, Reuters released an article entitled “Paycom’s weak revenue forecast hammers stock to nearly five-year low.” The article stated that “[c]ompany executives said a jump in usage of its flagship product Beti, which increases efficiency for clients by letting their employees do their own payroll, was ‘cannibalizing’ some revenues it would have otherwise earned.”

On this news, Paycom’s stock price fell $94.28 per share, or 38%, to close at $150.69 per share on November 1, 2023, on unusually heavy trading volume.

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 8977074

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ROSEN, TRIAL COUNSEL, Encourages James River Group Holdings, Ltd. Investors to Inquire About Securities Class Action Investigation – JRVR

NEW YORK, Nov. 09, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of James River Group Holdings, Ltd. (NASDAQ: JRVR) resulting from allegations that James River may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased James River 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=20268 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, 2023, before market hours, James River announced non-reliance on previously issued financial statements or a related audit report or completed interim review. The press release stated, “[i]n preparing its Quarterly Report on Form 10-Q for the period ended September 30, 2023, management of the Company identified an error in the accounting for reinstatement premium on a specialty casualty reinsurance treaty in its Excess & Surplus Lines segment in the Company’s previously issued condensed consolidated financial statements as of and for the three and six months ended June 30, 2023. This error resulted in understatements of ceded written premium, and overstatements of net written premium and net earned premium of $9.4 million and $12.3 million, respectively, and overstatements of net income of $7.8 million and $10.4 million, respectively within the condensed consolidated statements of income and comprehensive income (loss) for the three and six months ended June 30, 2023, as well as corresponding effects on the condensed consolidated balance sheet and consolidated statements of changes in shareholders’ equity as of and for the three and six months ended June 30, 2023. The Company’s management has assessed the effect of the foregoing on the Company’s internal control over financial reporting and disclosure controls and procedures. The Company’s control over the review of the determination of when reinstatement premiums for reinsurance should be recognized did not operate effectively as of March 31, 2023 and June 30, 2023 resulting in a material weakness in the Company’s internal control over financial reporting.”

On this news, James River’s stock price fell $0.99 per share, or 7%, to close at $13.15 per share on November 8, 2023.

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 8977072

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XPEL INVESTOR ALERT: ROSEN, NATIONAL TRIAL LAWYERS, Encourages XPEL, Inc. Investors to Inquire About Securities Class Action Investigation – XPEL

NEW YORK, Nov. 09, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of XPEL, Inc. (NASDAQ: XPEL) resulting from allegations that XPEL may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased XPEL 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=20245 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 October 19, 2023, Culper Research released a report on XPEL. In this report, Culper stated that it was shorting XPEL stock because it believed “the Company has grossly understated its reliance on Tesla”, and because it believed “the Company is concealing a massive undisclosed risk from its primary supplier which threatens to upend the Company’s entire reason for being.”

On this news, XPEL stock declined by $10.57 per share, or 17.2% on October 19, 2023.

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 8977068

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Jordanian Education Minister Advocates for Palestinian Rights at UNESCO Conference

Paris – Azmi Mahafzah, Jordan’s Minister of Education, Higher Education, and Scientific Research and Chairman of the Jordanian National Commission for Education, Culture, and Science, participated in the 42nd session of UNESCO’s General Conference.

According to Jordan News Agency, the event is currently underway in Paris. During a public policy discussion session at the conference on Friday morning, Mahafzah delivered a speech addressing the challenges faced in the region. He highlighted the prolonged occupation as the primary cause of the hardships endured by the Palestinian people, including bloodshed, suffering, and oppression. Mahafzah underlined that these circumstances test the moral and ethical standards and values that UNESCO has historically upheld.

In his address, Mahafzah also stressed Jordan’s position on the necessity for UNESCO to fulfill its responsibilities within its scope of authority. This includes initiatives to rejuvenate educational institutions, restore cultural heritage, and reduce risks faced by journalists working in conflict zones. His remarks underscored the urgent need for international involvement in mitigating the effects of long-standing conflicts and supporting the educational and cultural development in affected areas.

Posted on

Jordanian Education Minister Advocates for Palestinian Rights at UNESCO Conference

Paris – Azmi Mahafzah, Jordan’s Minister of Education, Higher Education, and Scientific Research and Chairman of the Jordanian National Commission for Education, Culture, and Science, participated in the 42nd session of UNESCO’s General Conference.

According to Jordan News Agency, the event is currently underway in Paris. During a public policy discussion session at the conference on Friday morning, Mahafzah delivered a speech addressing the challenges faced in the region. He highlighted the prolonged occupation as the primary cause of the hardships endured by the Palestinian people, including bloodshed, suffering, and oppression. Mahafzah underlined that these circumstances test the moral and ethical standards and values that UNESCO has historically upheld.

In his address, Mahafzah also stressed Jordan’s position on the necessity for UNESCO to fulfill its responsibilities within its scope of authority. This includes initiatives to rejuvenate educational institutions, restore cultural heritage, and reduce risks faced by journalists working in conflict zones. His remarks underscored the urgent need for international involvement in mitigating the effects of long-standing conflicts and supporting the educational and cultural development in affected areas.

Posted on

UN to Honor Fallen Staff with Half-Mast Flags and Moment of Silence

New York – The United Nations has announced a commemoration for its staff members who have perished in the ongoing Middle East conflict.

According to Jordan News Agency, spokesman of the UN Secretary-General, this tribute will be observed at the UN’s daily press conference. The UN will lower its flags to half-mast at its headquarters in New York and at all of its offices worldwide. Alongside this symbolic gesture, there will also be a minute of silence announced as part of the memorial. This service is scheduled to take place on November 13, marking a solemn moment of remembrance and respect for those who have lost their lives in the line of duty amidst the turmoil in the Middle East.

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Israel Detains Over 2,400 Palestinians in West Bank Since October

West Bank – In recent developments, Israel has detained more than 2,400 Palestinians in the occupied West Bank since October 7, including 90 arrests made today. This information was provided by the Palestinian Prisoners’ Club in a statement.

According to Jordan News Agency, the arrest campaign has not only involved detentions but also widespread sabotage and destruction of civilian homes. They also reported the use of some citizens as human shields and the arrest of groups of citizens as hostages. The Club’s statement, posted on its Facebook page, detailed severe beatings, threats, and abuse directed towards detainees and their families during the operations by the occupation forces.

The continuous arrest campaigns are said to be a part of a larger strategy of aggression against the Palestinian people, coinciding with what is described as an ongoing genocide in the Gaza Strip. These developments highlight the escalating tensions and severe humanitarian concerns in the region.