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.

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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

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

QCB Reduces, Unifies MDR for E-Payment

Qatar Central Bank (QCB) has reduced and unified the Merchant Discount Rates (MDR), a move seeking to encourage using points of sales (POS) payment.

The MDR for micro companies and gas stations will be 0.5 percent, with a maximum of QR 50 when using debit cards, while it reaches 1.1 percent for other companies with a maximum of QR 110, QCB tweeted on Sunday.

Paying with the first prepaid national payment card (Himyan Card), the MDR for micro enterprises and gas stations will be 0.5 percent, with a maximum of QR 50, and 0.85 percent, with a maximum of QR 85 for other companies.

QCB set a 1.25-percent MDR for micro companies, and one-percent for gas stations when paying with the global visa credit card.

Source: Qatar News Agency

NSCA Wraps Up Personal Data Privacy Protection Law Workshops

The National Cyber Security Agency (NSCA) represented by the National Data Privacy Office, concluded a week-long series of introductory workshops on the Personal Data Privacy Protection Law, meant for employees of a number of government entities.

The workshops aimed to familiarize employees with the Personal Data Privacy Protection Law, enhance their understanding of and compliance with the law and helping them apply it in their organizations according to their needs.

The workshops targeted data protection employees and privacy experts in a number of government entities, with each day being dedicated to the employees of a particular sector, including the banking and financial, education, healthcare, hospitality, and transport sectors, in addition to government entities.

The National Data Privacy Office hosted 3 speakers from various institutions to share their personal data privacy expertise in the workshops. Additionally, sufficient time was allocated for Q and A sessions and the discussion of challenges faced by attendees in this regard.

The Director of National Cyber Governance and Assurance Affairs at NSCA Eng. Dana Al Abdulla stated that the workshops come within the framework of NSCA’s to elevate several entities’ understanding of the law and compliance with it, in order to foster a culture of personal privacy data protection.

She explained that these workshops’ significance lies in keeping targeted parties up-to-date with technological developments in the field of data privacy worldwide, in addition to discussing relevant challenges faced in different sectors. She concluded by stressing NSCA’s continuous efforts to improve Qatar’s cyber security and data privacy.

Source: Qatar News Agency

Turkish Authorities Deport 137 Illegal Immigrants to Their Countries

Turkish authorities announced Sunday that they had deported 137 illegal immigrants to their countries.

The Turkish security forces caught the immigrants during security operations in Kocaeli and the surrounding provinces, said the authorities in Kocaeli province, adding that the immigrants were deported from the Cengiz Topel Airport.

Turkish security authorities pointed out that they have deported 1771 illegal immigrants from Kocaeli to their countries since early 2023.

Source: Qatar News Agency

Kuwait’s KRCS: 150 volunteers support state’s entities in ’23 elections

Kuwait Red Crescent Society (KRCS) had recruited 150 volunteers to support the state’s various entities in organizing the 2023 National Assembly elections due on June 6.

The volunteers, from the young to the seniors, are eager to participate in Kuwait’s celebration of democracy via providing assistance during the elections.

Speaking on this occasion, Anwar Al-Hasawi — the society’s deputy chairman of the board — told KUNA that volunteers would be tasked with providing first aid medical assistance during the election in coordination with the Ministry of Health in addition to assisting senior voters in their journey to cast their vote.

The volunteers have been trained to coordinating with each other and members of the state apparatus to make the upcoming elections a success.

On his part, head of public relations at KRCS Khaled Al-Zaid stressed the importance of KRCS involvement in the procedure to organize the elections.

He noted that the KRCS volunteers were involved in previous elections, commending the state’s keenness on involving the society in running the democratic process on the ground.

Source: Kuwait News Agency