Day: June 5, 2022

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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages CareDx, Inc. Investors With Losses to Secure Counsel Before Important Deadline in Securities Class Action – CDNA

NEW YORK, June 05, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of CareDx, Inc. (NASDAQ: CDNA) between February 24, 2021 and May 5, 2022, both dates inclusive (the “Class Period”), of the important July 22, 2022 lead plaintiff deadline.

SO WHAT: If you purchased CareDx 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 CareDx class action, go to https://rosenlegal.com/submit-form/?case_id=2700 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 July 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 handle 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 throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants had engaged in a variety of improper and illegal schemes to inflate testing services revenue and demand, including pushing a surveillance protocol through inaccurate marketing materials, offering extravagant inducements or kickbacks to physicians and other providers, and improperly bundling expensive testing services with other blood tests as part of the RemoTraC service; (2) these practices, and others, subjected CareDx to an undisclosed risk of regulatory scrutiny; (3) these practices rendered the Company’s testing services revenue reported throughout the Class Period artificially inflated; and (4) as a result, defendants’ positive statements about the Company’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 CareDx class action, go to https://rosenlegal.com/submit-form/?case_id=2700 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.

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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
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


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Dubai Sustainable Tourism celebrates sustainable initiatives on World Environment Day

DUBAI, Dubai Sustainable Tourism (DST), part of Dubai’s Department of Economy and Tourism (DET), celebrated sustainable practices across the city to mark the 50th World Environment Day, as it strives to further enhance Dubai’s position as a leading sustainable destination.

From desert conservation reserves, to sustainable restaurateurs and eco-hotels, to cultural pursuits and eco-tourism attractions, DET is shining a light on 50 of the city’s pioneering initiatives in environmental conservation and sustainability across the tourism ecosystem on the occasion of World Environment Day, that was created by the United Nations Environment Programme (UNEP), as “a global platform for inspiring positive change”.

World Environment Day is celebrated annually on 5 June and is the United Nations’ principal vehicle for encouraging awareness and action for the protection of the environment.

The 2022 World Environment Day campaign #OnlyOneEarth calls for collective, transformative action on a global scale to celebrate, protect and restore our planet.

Conservation & nature initiatives Dubai’s unique ecosystem has made for generations of sustainable conservations and a distinctive connection with nature. From Bedouin practices, to nature reserves and safaris, Dubai has long had a harmonious connection with its surroundings. Environmental protection is ingrained into the very DNA of Dubai’s natural landscape and is something that continues to be enhanced and celebrated.

Sustainable hotels & resorts Hotels across Dubai are constantly striving to become more green and demonstrate respect for the planet, in line with careful guidance from DST and the continual sustainable strides of the city’s government. As well as remaining in line with current tourism trends, many resorts and hotels in the city have an enduring commitment to sustainability and are making positive strides across the hospitality industry. The city’s hotels are currently implementing a series of sustainability requirements set by DST as part of continuing efforts to position the city as a leading sustainable destination.

Sustainable gastronomy Dubai’s gastronomy scene is fast evolving and continually striving to be more sustainable, with vast technological updates to farming and management of food waste. Restaurants across the city are shifting towards utilising locally sourced ingredients to both drive sustainability promises and offer guests more authentic experiences.

Sustainable leisure & wellness Across Dubai’s many leisure, health and fitness pursuits available to tourists and residents alike, there is a constant drive for more sustainable and environmental practices. Such outlets provide sports equipment generated from recycled materials, as well as a range of spa treatments and snacks from ethically sourced, sustainable ingredients.

Sustainable culture Many cultural activities and Dubai based recreational facilities pay homage to the city’s long-standing sustainable past, and look towards its pioneering sustainable future. From old town city tours, to inspiring exhibitions focused on Dubai’s sustainable future, the city is rich in cultural and educational experiences both sustainable in their very nature and content.

Source: Emirates News Agency

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EDB to participate in Bonds, Loans & Sukuk Middle East in Dubai on 7th-8th June

DUBAI, Emirates Development Bank (EDB), the financial engine of the UAE’s economic diversification and industrial transformation agenda, has announced its participation in Bonds, Loans & Sukuk Middle East, the region’s largest gathering for the corporate and investment banking industry.

EDB is a Gold Sponsor of the event, which is taking place on 7th-8th June in Madinat Jumeirah, Dubai, and will be using the platform as part of its mission to engage with stakeholders in the investment and development community.

EDB will also be highlighting its unique role in the UAE financial sector. The bank is the first federal entity to be issued ratings by S&P and Fitch, and its focus is on maximising national economic impact and in-country value, allied with risk prudence, means it has been able to partner with economic freezones, chambers of commerce, departments for economic development and commercial banks to deploy AED1.52 billion to priority sectors in the last 12 months alone.

On the opening morning of the event, Ahmed Mohamed Al Naqbi, CEO of EDB, will deliver a keynote address in which he will outline how the bank’s flexible financing solutions for SMEs and large corporates in key sectors are making a vital contribution to the long-term sustainable growth of the UAE economy – and how it is creating a new model for development banks across the Middle East. EDB will also be presenting its full range of financing products and services from Booth #3, inviting attendees to learn about how its long tenors, grace periods and preferential rates can help UAE companies expand, diversify and integrate new technology.

Commenting on the bank’s participation, Al Naqbi said, “Bonds, Loans & Sukuk Middle East is the foremost event for the corporate and investment banking industry and, as such, provides an invaluable opportunity to reinforce our readiness, as the key financial engine of economic diversification and industrial development, to work alongside financial institutions, government bodies and development agencies to empower the national economy.”

He added, “As we emerge from the pandemic and confront the new challenges of supply chain disruption and inflation, it’s clear that the banking and finance industry have a significant role to play in accelerating economic recovery. I look forward to participating in conversations on how we can work together to match the right solutions to the right opportunities – and ensure we continue to mobilise capital to benefit the national economy.”

Also participating from EDB is Vivek Vohra, Head of Wholesale and Institutional Banking at EDB, who will join a panel discussion on Capital Expenditure (CapEx) versus refinancing. He will be joined by industry experts and stakeholders including Samer Haydar, Head of GCC Corporates at Fitch Ratings, and Karan Bansal, Senior Director of Origination and Investment Banking at Mashreq Bank.

Bonds, Loans & Sukuk Middle East Bonds takes place over two days in Dubai and hosts 70-plus speakers, 550-plus sovereign, corporate and financial institution borrowers and 200-plus investors and lenders – with 93 percent of the attendees at director level or above.

Source: Emirates News Agency

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UAE President orders completion of pending housing grant applications within Sheikh Zayed Housing Programme, at cost of AED2.3 billion

ABU DHABI, President His Highness Sheikh Mohamed bin Zayed Al Nahyan has ordered the completion of all housing grant applications submitted in previous years through the Sheikh Zayed Housing Programme, at a total cost of around AED 2.3 billion.

The move is part of the Initiatives of the UAE President and aligns with his keenness to enhance family stability for UAE citizens, as well as ensure decent living and improve the quality of life of UAE citizens.

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that, under the initiative, all housing grant applications that are currently pending in the Sheikh Zayed Housing Programme will be processed in the next five years. He explained that it includes housing grant applications submitted by applicants who are eligible under the Programme’s terms and conditions, and covers construction, upgrades and maintenance.

Al Mazrouei affirmed that the ministry will collaborate with the Follow-Up Committee of the Initiatives of the UAE President to implement His Highness Sheikh Mohamed’s directives as per the timeframe of the five-year plan. He further added that this initiative is a testament to the UAE President’s dedication to meeting the needs of citizens by enhancing their wellbeing, noting that the initiative complements the ministry’s housing loans project, which was recently announced by the UAE Cabinet.

Al Mazrouei said that citizens are the UAE leadership’s top priority, with housing projects being a top priority since the establishment of the Union under the leadership of the late Sheikh Zayed bin Sultan Al Nahyan, a legacy which the late Sheikh Khalifa bin Zayed Al Nahyan carried by formulating the UAE’s development plans around the goal of enhancing the quality of life.

The implementation of housing projects is among the UAE’s most admirable achievements, as well as a key pillar in the country’s comprehensive development journey, he said in conclusion.

Source: Emirates News Agency

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