Sungrow Wins MESIA Solar Awards 2022 as the “Regional Technology Provider for Inverters” on the World Future Energy Summit

ABU DHABI, UAE, Jan. 22, 2022 /PRNewswire/ — As the World Future Energy Summit 2022 rang down the curtain, Sungrow, the global leading inverter solution supplier for renewables, won MESIA Solar Awards 2022 as the “Regional Technology Provider for Inverters”. As the only company winning this award, it bears strong testimonial to Sungrow’s advanced technologies. This award represents the recognition from local authority, honoring Sungrow’s excellent performance in the Middle East and North Africa all over the past years.

MESIA_Solar_Awards_2022

The Middle East Solar Industry Association (MESIA) is the largest solar trade association in the MENA region, representing over 150 international and local organizations. Each year, MESIA awards good practice, professionalism, quality, safety, and innovation with the “MESIA Solar Awards”. In 2022, Sungrow applied for the “Regional Technology Provider” with its ultra-powerful string inverter SG350HX and the most innovative “1+X” modular inverter. After rounds of judging via a panel of industry experts and leaders, Sungrow won this honor eventually among other distinguished applicants.

According to MESIA’s testimonial of this award, the two utility-scale inverters: SG350HX and “1+X” modular inverter prove more technically adaptable to MENA region, as they are able to lower the LCOE by the compatibility with the growing preference of higher wattage. Both inverters passed all international and IEC standards and they have high protection standard.

Throughout the past three days from January 17th to 19th at the WFES 2022, Sungrow also showcased several new products. The latest 1500V Liquid Cooled Energy Storage System, the new-generation Residential Energy Storage System—SH6.0RS and other solar plus storage products were exhibited. Many prestigious international energy companies including ACWA Power, EDF, Masdar, AMEA Power, Marubeni visited Sungrow’s booth and learned about the new solutions. Moreover, Sungrow signed a total of 340MW of residential, and C&I inverter orders with three well-known distributors including Organge from the UAE, ACO from Egypt and AI-Raebi from Yemen.

Facing the booming renewable energy industry in MENA, Sungrow began strategizing and cultivating the MENA market quite early. Currently, Sungrow occupies the largest market share in that region. In the future, relying on the localized sales network, warehouse, and service outlets, Sungrow looks forward to expanding its presence in MENA and helping the region’s transition to clean energy.

About Sungrow

Sungrow Power Supply Co., Ltd. is the world’s most bankable inverter brand with over 182 GW installed worldwide as of June 2021. Founded by University Professor Cao Renxian, Sungrow is a leader in the R&D of solar inverters with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, C&I, and residential applications, as well as floating PV plant solutions. With a strong 24-year track record in the PV space, Sungrow products power installations in over 150 countries. Learn more about Sungrow via: www.sungrowpower.com.

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Junior Golf flourishing in UAE with HSBC Future Falcons and Abu Dhabi Sports Council

As co-title partner, HSBC marks its 12th year of world-class golf at the Abu Dhabi HSBC Championship, they are also celebrating a record number of girls on the HSBC Future Falcons grassroots golf initiative.

The first intake in 2016, saw fewer than 100 girls participate in the programme, whilst the total number of girls participating across the years now stands at tens of thousands. This week, girls make up around 55% of those taking part in a special programme of activity at the Tournament.

This game-changing programme developed by HSBC and the Abu Dhabi Sports Council has seen 80,000 children introduced to the golf. The programme is also famed for discovering and nurturing emerging talent, providing up to 22 social and competitive events each year.

The Future Falcons school programme, ‘Skills 4 Schools’, has seen 18,385 school children, 7,000 Emirati students and 550 hours of coaching provided. The programme in recent times, has placed extra importance on expanding into the Abu Dhabi public school system.

Key to this success has been running girls only sessions as well as providing social and inclusive events. The programme also enjoys bringing families together from across the region, aiming to influence the sense of belonging and community.

Invited from the programme to experience the Championship, are thirteen-year-old Emirati golfer Sara Ali already part of the UAE national team, and eleven-year-old Maya Gaudin, whose name is proudly etched on the Yas Links Club Champions board as the club’s youngest ever ladies club champion. Maya was thrilled to meet her hero Rory McIlroy today who took time to congratulate her on this incredible feat.

Both Maya and Sara credit the programme for providing crucial opportunities for them to participate and develop their talent. They also credit the programme for helping to build confidence, make friends and develop attributes which extend beyond the game.

Maya says, “I love playing golf with my friends, playing tournaments and ultimately, I really want to turn pro. Before this programme existed, Tournaments were for adults only, but now we have our own competitions. It’s a really supportive environment, bringing kids together from all over the area. I’ve met so many pros and played so many tournaments in the region, I even have my own memento wall at home. When I make a bad shot like a bogey, I’ve learnt to ‘flush it’ and move on, which is useful in everyday life too.”

There are due to be over 400 Future Falconers taking part in special activities including a ‘Swing, Chip and Putt’ competition this weekend aiming to win their own coveted Trophy. They will also be able to watch the world’s best golfers and be inspired by legends of the sport.

On hearing about the HSBC Future Falcons programme, Collin Morikawa sent a message to this next generation of budding golfers, “I want to say hi to all the HSBC Future Falcons, I hope you guys are enjoying the game. The biggest message I want to give to you guys is to have fun. When you’re playing with your friends or at school and you’re a junior hanging out with your buddies and learning the game, just have fun, that’s the biggest thing and parents, please encourage your kids to enjoy it as much as they can.”

The HSBC Future Falcons programme is a long-term commitment of co-title tournament partners HSBC and the Abu Dhabi Sports Council to support the growth of golf in the UAE. The programme was created in 2016 as a recreational and mass participation programme evolving to become a sustainable long-term structure and framework for the game.

His Excellency Aref Al Awani, General Secretary of Abu Dhabi Sports Council said: “Abu Dhabi is not just a global capital for world-class sports and host to major international events, it’s a vibrant home for talented youngsters. We have worked hard to create the ideal environment for all sports to grow. A place where future athletes can take first steps and be inspired to greatness. All our flagship events are underpinned by community initiatives to give boys and girls new opportunities to play while learning something new. So it is extremely pleasing to work alongside our partners at HSBC and see the success of the HSBC Future Falcons mirror the success of the Abu Dhabi HSBC Championship.”

Abdulfattah Sharaf, HSBC UAE CEO and Head of International said: “We’re delighted to see the impressive rise in numbers of girls on the programme. Opening up a world of opportunity is our purpose at HSBC and our Future Falcons programme continues to help the next generation experience the sport we all love. We have long been committed to supporting golf in the UAE, and we will continue to support participation opportunities for the next generation of talent in the UAE, both girls and boys. It is truly a game for all.”

Today marks the third day of the Abu Dhabi HSBC Championship, the first Rolex Series event of the year and the start of the newly named DP World Tour for 2022, staged at the stunning Yas Links Abu Dhabi golf course for the very first time. It welcomes some of the world’s biggest names in golf including defending champion Tyrrell Hatton, Rory McIlroy who will tee off his 2022 season in Abu Dhabi and recently crowned European Number 1 and two-time Major winner Collin Morikawa making his tournament debut. After missing out in 2021, spectators are back with over 35000 tickets awarded to the local community.

First staged in 2006, and with co-title partner HSBC coming on board in 2011, the Abu Dhabi HSBC Championship has built a strong legacy in the Middle East. As the UAE celebrated its Golden Jubilee in 2021, HSBC celebrated 75 years of being open for business here.

 

Source: Abu Dhabi Sports Council

Jamieson eyes up maiden Rolex Series title in Abu Dhabi

Scott Jamieson will aim to become just the second wire-to-wire Rolex Series winner as he clung on to his lead at the Abu Dhabi HSBC Championship, carding a superb birdie on the final hole to move one clear of Shane Lowry and Thomas Pieters.

The Scot has now lead each round thus far by a single shot, and will play alongside 2019 champion Lowry and Pieters in the final round, targeting a life-changing maiden Rolex Series win after a four under 78 left him on an 11 under par total.

Indeed, Lowry’s own win in Abu Dhabi in 2019 is the only wire-to-wire victory in Rolex Series history and the Irishman will be hoping to draw on those happy memories as he searches for a first title since his famous Open Championship triumph in 2019.

Lowry played alongside his fellow five-time winner on Tour, Pieters, and they both signed for five under par 67s to move to ten under. World Number Seven Viktor Hovland is in the hunt despite a bogey at the par five final hole – he sits alongside India’s Shubhankar Sharma on eight under, three off the pace.

Spain’s Rafa Cabrera Bello is a shot further back on seven under, joined by Englishmen James Morrison and Ian Poulter.

Englishman Josh Hill, who was born in the UAE, signed for 69 in round three to finish level par going into the final day at Yas Links. The 17-year-old capitalised on more favourable conditions today, making the cut with three birdies in the final four holes of his second round this morning.

Hill, who won the Abu Dhabi Amateur Championship in December to qualify this week, holed six birdies and an eagle at hole 7 in round three to consolidate an already impressive Abu Dhabi HSBC Championship for the youngster.

Leading in to Sunday, Jamieson said: “After yesterday, certainly the whole day seems a little more straightforward but it still wasn’t easy. The greens were considerably quicker and there was still a decent amount of breeze.

“But funny you say that, when I was on the last green, I noticed no one had made birdie so I was happy to knock in a six footer.

“It would be massive, a game changer to win a tournament of this stature. There’s definitely been some great champions here, and that’s an awful long way to go.”

Winner of this event in 2019, Lowry said:

“It felt good. Felt comfortable. I had a lovely time with Thomas. I enjoy his company. We played some good golf. Alex struggled but rallied at the end and did very well. It was just a pleasant day out there. It’s a nice golf course. It’s tricky, a bit of wind blowing, I quite like it. I like the way it fits my eye.

“So yeah, I’m looking forward to tomorrow. I see Scott is on 10-under. Whoever I’m paired with tomorrow it will be a good day but there’s one thing in my mind, to be standing here tomorrow with the trophy again.

“It’s great for the first tournament of the year to be in contention. There’s been plenty of times my first tournament of the year I’ve missed cuts ask stuff like that and it gets you off to really bad starts. It’s nice to be where I am, and like I said, I’m really looking forward to tomorrow.”

 

Source: Abu Dhabi Sports Council

MoI stops drone flying operations for owners, practitioners and enthusiasts

ABU DHABI, The Ministry of Interior (MoI) is currently stopping all flying operations for owners, practitioners and enthusiasts of drones, including drones and light sports aircrafts.

This encompasses also air and sail spots. This was put in place in coordination with the General Authority for Civil Aviation and in line with the relative guidelines.

The decision came after the misuse spotted recently, not limiting the practice of these sports to the areas identified in the user permits and trespassing into areas where these types of activities are prohibited.

The MoI asked individuals and the community to respect the authorities directives namely issued by the MoI, and the General Authority for Civil Aviation, in order to ensure the safety of lives and property, preserving them from unsafe bad practices. Hence, air activities will be suspended as of Saturday, January 22, 2022.

Entities that have work contracts or commercial or advertising projects that rely on filming using drones must communicate with the permit authorities to take the necessary exceptions and permits to carry out their work and projects during this period to avoid any consequences that affect the timing of these projects.

MoI reminded users that anyone performing these activities during that period and disregarding guidelines will be subject to legal liabilities

 

Source: Emirates News Agency

AED4.1 billion in weeklong real estate transactions in Dubai

DUBAI, The real estate and properties transactions valued at AED4.1 billion in total during the week ending 21 January 2022. The sum of transactions was 1,992.

287 plots were sold for AED1.08 billion, while 1,059 apartments and villas were purchased for AED2.25 billion.

The top three transactions were a land in Al Hebiah Fifth sold for AED190 million, followed by a land that was sold for AED 45 million in Al Thanyah First, and a land sold for AED 190 million in Al Hebiah Fifth in third place.

Al Hebiah Fifth recorded the most transactions for this week by 222 sales transactions worth AED 627.48 million, followed by Jabal Ali First with 11 sales transactions worth AED29.28 million, and Hadaeq Sheikh Mohammed Bin Rashid with 9 sales transactions worth AED 108 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED 292 million in Marsa Dubai, an apartment was second in the list sold for AED235 million in Burj Khalifa, and thirdly it was an apartment sold for AED171 million in Palm Jumeirah.

The sum of the amount of mortgaged properties for the week was 696.14 million, with the highest being a land in Mankhool, mortgaged for AED90 million.

60 properties were granted between first-degree relatives worth AED143 million.

 

Source: Emirates News Agency

Ruler of Sharjah condoles King Salman on death of Princess Seetah bint Jalawi bin Saud

SHARJAH, H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, sent a cable to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, King of Saudi Arabia, expressing his condolences and sincere sympathy over the death of Princess Seetah bint Jalawi bin Saud bin Abdulaziz Al Saud.

H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, H.H. Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, and H.H. Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, sent similar cables to the Custodian of the Two Holy Mosques.

 

Source: Emirates News Agency

ROSEN, TOP RANKED GLOBAL INVESTOR COUNSEL, Encourages KE Holdings Inc. Investors With Losses Over $100K to Secure Counsel Before Important February 28 Deadline in Securities Class Action – BEKE

NEW YORK, Jan. 21, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of KE Holdings Inc. (NYSE: BEKE) between August 13, 2020 and December 16, 2021, inclusive (the “Class Period”), of the important February 28, 2022 lead plaintiff deadline.

SO WHAT: If you purchased KE Holdings 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 KE Holdings class action, go to http://www.rosenlegal.com/cases-register-2227.html 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 February 28, 2022. 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. 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) KE Holdings inflated the Company’s GTV; (2) KE Holdings inflated the Company’s revenues; (3) KE Holdings inflated the number of stores and agents using the Company’s platform; and (4) as a result of the foregoing, defendants’ 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 KE Holdings class action, go to http://www.rosenlegal.com/cases-register-2227.html 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.

——————————

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

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Exicure, Inc. Investors With Losses Over $100K to Secure Counsel Before Important February 11 Deadline in Securities Class Action – XCUR

NEW YORK, Jan. 21, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Exicure, Inc. (NASDAQ: XCUR) between March 11, 2021 and November 15, 2021, inclusive (the “Class Period”) of the important February 11, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Exicure 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 Exicure class action, go to http://www.rosenlegal.com/cases-register-2207.html 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 February 11, 2022. 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. 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) there had been certain improprieties in Exicure’s preclinical program for the treatment of Friedreich’s ataxia; (2) as a result, there was a material risk that data from the preclinical program would not support continued clinical development; and (3) as a result of the foregoing, defendants’ positive statements about Exicure’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 Exicure class action, go to http://www.rosenlegal.com/cases-register-2207.html 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.

——————————

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

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages DocuSign, Inc. Investors With Losses Over $100K to Secure Counsel Before Important February 22 Deadline in Securities Class Action Commenced by the Firm – DOCU

NEW YORK, Jan. 21, 2022 (GLOBE NEWSWIRE) — WHY:  Law Firm, a global investor rights law firm, reminds purchasers of the securities of DocuSign, Inc. (NASDAQ: DOCU) between March 27, 2020 and December 2, 2021, both dates inclusive (the “Class Period”), of the important February 22, 2022 lead plaintiff deadline in securities class action commenced by the Firm.

SO WHAT: If you purchased DocuSign 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 DocuSign class action, go to http://www.rosenlegal.com/cases-register-2221.html 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 February 22, 2022. 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. 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) the impact of the Covid-19 pandemic on DocuSign’s business was positive, not negative; (2) DocuSign misrepresented the role that the Covid-19 pandemic had on its growth; (3) DocuSign downplayed the impact that a “return to normal” would have on the Company’s growth and business; and (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the DocuSign class action, go to http://www.rosenlegal.com/cases-register-2221.html 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.

——————————

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

ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Baidu Inc. Investors with Losses Exceeding $100K to Secure Counsel Before Important Deadline in Securities Class Action – BIDU

NEW YORK, Jan. 21, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Baidu Inc. (NASDAQ: BIDU) between March 22, 2021 and March 29, 2021, inclusive (the “Class Period”), of the important February 14, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Baidu 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 Baidu class action, go to http://www.rosenlegal.com/cases-register-2228.html 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 February 14, 2022. 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. 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 complaint, Goldman Sachs Group Inc. (“Goldman Sachs”) and Morgan Stanley sold a large number of Baidu shares during the Class Period while in possession of material, non-public information. Defendants Goldman Sachs and Morgan Stanley knew that Archegos Capital Management, a family office with $10 billion under management, would need to fully liquidate its position in Baidu because of margin call pressure. As a result of these sales, Goldman Sachs and Morgan Stanley avoided billions in losses combined and the price of Baidu’s stock declined sharply, damaging investors.

To join the Baidu class action, go to http://www.rosenlegal.com/cases-register-2228.html 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.

——————————

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