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

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:

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 8843404

Second Edition of “Simulation of Shura Council Sessions” Wraps Up

The second edition of the “Simulation of the Shura Council Sessions” concluded at the Council’s headquarters in the presence of HE Minister of Sports and Youth Salah bin Ghanem Al Ali, HE Deputy Speaker of the Shura Council Dr. Hamda bint Hassan Al Sulaiti and a number of Their Excellencies members of the Council.

The event aimed to introduce young people to the important role of the Shura Council and the importance of positive participation in the selection of its members, practically train the youth to practice the Council’s legislation and oversight tasks and competencies and get acquainted with the procedural aspects related to the election of the Council’s speaker and deputies and the formation of committees.

The event is part of the activities that the Ministry of Sports and Youth is implementing to embody the Qatar National Vision 2030 and in line with the Ministry’s strategy and vision that seeks to achieve active and responsible youth with a sense of patriotism and a community practicing sports.

Also, the simulation event aimed to raise the capabilities and skills of young people in the State of Qatar and prepare a second line of leaders who are aware of what awaits them in the future through full and effective participation in line with Qatar National Youth Policy aiming for the full and effective participation of youth.

The “Simulation of the Shura Council Sessions” witnessed the holding of two sessions. The first session witnessed the election of the speaker, deputy speaker, committee chairpersons, and their deputies, and the oath was taken. In the second session, the youth discussed a topic closely related to their concerns and aspirations, centered around the “full and effective participation of youth”, highlighting the importance of volunteer work and its value, in addition to the importance of civil and political participation.

The Youth Affairs Department of the Ministry of Sports and Youth opened the door for registration for young people to participate in this event, where 117 male and female applicants applied for it, 45 of whom met the conditions and were selected. Training workshops were organized for these young people over two weeks. The participants received training within three axes, including the internal law of the Qatari Shura Council, raising speech and speaking skills, and workshops on persuasion and debate skills.

Source: Qatar News Agency

Arab League Welcomes Short-Term Ceasefire Agreement in Sudan

Arab League welcomed the signing of the representatives of the Sudanese Armed Forces and Rapid Support Forces (RSF), in Jeddah, Saudi Arabia, on a seven-day short-term ceasefire that will enter into force after 48 hours of its signing, which will facilitate the delivery of emergency humanitarian aid and the restoration of basic services in Sudan.

In a statement on Sunday, spokesman for the Arab League Secretary-General Jamal Rushdie stressed the necessity to fully implement the agreement, noting that the recently concluded Arab League summit in Jeddah has discussed the Sudanese crisis and issued a resolution to support the negotiation talks.

In a joint statement earlier on Saturday, Saudi Arabia and the USA announced the signing of an agreement for a short-term cease-fire and humanitarian arrangements between representatives of the Sudanese Armed Forces and the RSF in Jeddah.

According to the draft press release of the agreement, the duration of the short-term cease-fire is seven days and will enter into force on Monday at 9:45 pm Khartoum local time and can be extended with the consent of the two parties.

Source: Qatar News Agency

Valencia Defeat Real Madrid in La Liga

Valencia defeated Real Madrid 1-0 on Sunday in matchday 35 of La Liga at the Mestalla Stadium.

Diego Lopez scored the match-only goal in the 33rd minute to seal the three points for Valencia.

Valencia raised their tally to 40 points, while Real Madrid remained with 71 points in the third place.

Source: Qatar News Agency

Biden reaffirms US commitment to Ukraine

US President Joe Biden met Sunday in Hiroshima, Japan with Ukrainian President Volodymyr Zelenskyy to reaffirm the US commitment “to supporting the people of Ukraine as they defend their sovereignty and democracy against Russia’s invasion.” The White House said in a statement that Biden underscored US readiness “to continue delivering security assistance to meet Ukraine’s immediate battlefield needs, including today’s announcement of an additional USD 375 million in ammunition and equipment, as well as to build Ukraine’s long term capacity to defend against and deter Russian aggression.” “To that end, the leaders discussed US support for a joint effort, with our allies and partners, to train Ukrainian pilots on fourth-generation fighter aircraft, like the F-16,” the statement added.

They also discussed “ongoing efforts to further strengthen Ukraine’s air defenses as Russia continues its missile and drone attacks on Ukrainian cities.” Furthermore, Biden underscored the support of the US and other G7 nations for Ukraine’s reconstruction” and Ukraine’s “implementation of reforms needed to fulfil its Euro-Atlantic aspirations.” Biden also welcomed Zelenskyy’s commitment “to a just peace based on fundamental principles enshrined in the United Nations Charter.”

Source: Kuwait News Agency

OIC Applauds Ceasefire Agreement and Humanitarian Arrangements in Sudan

The General Secretariat of the Organisation of Islamic Cooperation (OIC) has applauded the short-term ceasefire agreement signed by the Sudanese Armed Forces and the Rapid Support Forces, following talks the two sides held in Jeddah. The ceasefire will be effective starting May 22, 2023.

OIC Secretary-General Hissein Brahim Taha expressed hope that the agreement, aiming to relieve the suffering of the Sudanese people, will facilitate delivery of humanitarian aid and restore access to basic services. It is a significant step that paves the way towards ending the armed conflict, and promoting security, peace and stability in Sudan and the region as a whole, he said.

Taha praised the good offices of Saudi Arabia and US, that worked to reach this agreement and encouraged the conflicting sides to engage in discussion, reach ceasefire, and resolve the crisis in Sudan through peaceful dialogue.

Source: Saudi Press Agency

Egypt, Oman call for doubling efforts to resolve regional crises

Egypt and Oman underlined Sunday the need for intensifying diplomatic efforts to resolve regional crises in a way that preserves Arab countries’ and peoples’ higher interests, national resources and gains.

This came during the talks held between Egyptian President Abdelfattah El-Sisi and Sultan Haitham bin Tareq of Oman in Cairo today.

Following their meeting, Spokesman for the Egyptian Presidency Counselor Ahmad Fahmy noted that the two leaders exchanged views on regional and international issues within the framework of their ongoing consultations and coordination and their endeavors to realize regional stability and security, particularly in light of the huge threats facing the region and a number of Arab countries.

On bilateral ties, they expressed relief at the ongoing progress in trade growth, while confirming joint interest to further enhance ongoing efforts in this regard among the relevant authorities in the two countries.

They mulled ways to exchange expertise to achieve institutional development and modernize the administrative authorities in the two countries as well as their working mechanisms in a manner characterized by sound management and digitization.

Fahmy unveiled that during their talks President El-Sidi welcomed Sultan Haitham as an honored guest of Egypt.

President El-Sisi wished him success in continuing the comprehensive development trajectory and achieving vision “Oman 2040”.

He lauded the historical and friendly relations between Egypt and the Sultanate of Oman which have been formed over long decades of solidarity, consolidation and unity in the face of crises and challenges.

President El-Sisi emphasized Egypt’s commitment to promoting these outstanding relations in a manner that achieves the interests of the two brotherly peoples and the entire Arab nation.

Sultan Haitham hailed the special Egyptian-Omani relations as well as the brotherly bonds the two peoples have shared throughout history.

He voiced Oman’s keenness on strengthening the existing frameworks of cooperation between the two countries and on opening up broader prospects for bilateral cooperation in all areas in the coming period.

Source: Kuwait News Agency

Saudi Arabia’s Astronauts’ Program Is Ambitious Future

The Kingdom of Saudi Arabia’s Astronauts Program is an ambitious and pioneering initiative launched to strengthen its position in space and develop its human and industrial capabilities. The program aims to stimulate innovation, excellence, and collaboration among various stakeholders in the national and international space sectors. It seeks to qualify experienced Saudi personnel for long- and short-term space flights, enabling them to participate in scientific experiments, international research, and future space-related tasks.

The program’s significance lies in increasing awareness and interest in science, technology, engineering, and mathematics jobs and disciplines. Previous manned space flights have contributed to significant global innovations, such as laser technologies, respirators, and air purifiers. Additionally, the program focuses on developing human capital and attracting competent individuals who can contribute effectively to the growth of the space sector. Furthermore, the program holds potential for commercial returns in the industry, anticipated from its successful implementation.

As part of the integrated package under the “Saudi Vision 2030” initiative, the program includes sending Saudi male and female astronauts on missions to serve humanity. On May 21, the first Saudi and Arab Muslim astronaut, Rayyanah Barnawi, and the first Saudi astronaut, Ali Al-Qarni, will embark on a historic scientific mission to the International Space Station (ISS). This event marks a new phase for Saudi Arabia in space, as manned spaceflight represents a measure of a country’s superiority and global competitiveness in technological advancements, scientific research, and innovation.

The Saudi astronauts will conduct various experiments and studies during the space mission. These include investigating changes in vital indicators in the blood that reflect functional brain tissues during short-term space missions and determining the safety of such trips for the brain. Additionally, they will measure the effect of short-term space flights on telomere length and conduct a mydriasis experiment to measure intracranial pressure. Other experiments will focus on enhancing knowledge of spaceflight-associated neuro-ocular syndrome (SANS) by measuring electrical activity in the brain using EEG and studying the diameter of the optic nerve envelope for astronauts. The mission will also explore cerebral perfusion and postural adjustments of the brain in microgravity using near-infrared spectroscopy as a non-invasive technique.

Furthermore, experiments will be conducted to study the possibility of seeding in a microgravity environment and its potential applications for settlements on the Moon and Mars. The program will also investigate cell sciences, including understanding the changes in the inflammatory response in space, particularly the lifespan of messenger RNA, a crucial molecule for protein production related to inflammation. Immune cell models will simulate the inflammatory response to drug treatment during microgravity. Additionally, awareness and educational experiments in microgravity will focus on fluid mechanics, aerodynamics, and heat transfer patterns.

These experiments aim to foster critical thinking among Saudi students about the impact of microgravity on their experiment behavior and results. The research outcomes will enhance the Kingdom’s global position in space exploration, contribute to humanity’s benefit, and affirm the role of Saudi research centers in making a significant impact across priority areas such as health, sustainability, and space technology. These endeavors align with the goals of Saudi Vision 2030.

The Saudi Space Commission launched earlier the Kingdom’s program for astronauts. This trip comes within an integrated package aimed at qualifying experienced Saudi cadres to go into space flights, participate in scientific experiments, international research, and future space-related missions, and contribute to raising the position of the Kingdom and achieving the goals of Saudi Vision 2030.

Source: Saudi Press Agency