ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Abbott Laboratories Investors With Losses to Secure Counsel Before Important Deadline in Securities Class Action – ABT

NEW YORK, Sept. 03, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Abbott Laboratories (NYSE: ABT) between February 19, 2021 and June 8, 2022, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than October 31, 2022.

SO WHAT: If you purchased Abbott 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 Abbott class action, go to https://rosenlegal.com/submit-form/?case_id=8453 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 October 31, 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. 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, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) according to the U.S. Food and Drug Administration (“FDA”), Abbott had “egregiously unsanitary” conditions at its Sturgis, Michigan facility which produced nearing half of Abbott’s various forms of infant formula under the brands Similac, Alimentum, and EleCare; (2) as a result, Abbott’s infant formula business was in dire jeopardy given the flagrant violations of federal and state health and safety regulations; (3) based on inspections by the FDA between 2019 and 2022, Abbott failed to establish process controls “designed to ensure that infant formula does not become adulterated due to the presence of microorganisms in the formula or in the processing environment” and Abbott also failed to “ensure that all surfaces that contacted infant formula were maintained to protect infant formula from being contaminated by any source”; (4) the unhygienic conditions of the Sturgis facility resulted in the recall of Abbott’s infant formula and closure of the Sturgis facility; and (5) as a result, defendants’ public statements about Abbott’s business, operations, and prospects were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Abbott class action, go to https://rosenlegal.com/submit-form/?case_id=8453 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.

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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

Saudi Arabia Hosts 5th Session of ICYSM under the Theme “Development of Youth and Sports for a Solidarity-based Ummah”

The General Secretariat of the Organization of Islamic Cooperation (OIC), in cooperation with the Ministry of Sport in the Kingdom of Saudi Arabia, will hold the fifth session of the Islamic Conference of Youth and Sports Ministers (ICYSM) under the theme " Development of Youth and Sports for a Solidarity-based Ummah", in Jeddah during the period 07-09 September 2022.

The conference is scheduled to discuss the situation of youth in the OIC Member States, and the importance attached by the OIC and its relevant organs and institutions to the development of youth and sports. This session will elaborate on how to enhance youth capabilities and advance their role in development with the aim of providing conditions conducive to stability, progress, prosperity and combating extremist and violent ideas called for by terrorist organizations, in addition to encouraging dialogue, moderation, tolerance and respect for others.

The conference will also discuss the commitment of Member States to implement the OIC's guiding strategies for youth and sports development in order to promote joint Islamic action in the field of youth and sports.

The conference will review the efforts made by the OIC Member States and organs working in the field of youth and sports, notably the Islamic Development Bank (IsDB), Islamic World Educational, Scientific and Cultural Organization (ISESCO), Women Development Organization (WDO), Statistical, Economic and Social Research and Training Center for Islamic Countries (SESRIC), Islamic Center for Development of Trade (ICDT), Islamic Solidarity Sports Federation (ISSF), Islamic Cooperation Youth Forum (ICYF), and the International Union of Muslim Scouts (IUMS).

Source: Organization of Islamic Cooperation

Iraq Participates in the Eager Lion Maneuvers in Jordan

Baghdad / NINA / - The Eager Lion maneuvers, which will continue until September 15, were launched in Jordan, with the participation of 27 countries, including Iraq, and include operations on combating terrorism and threats of weapons of mass destruction.

A statement by the Jordanian army stated that this is the tenth session of the exercises organized on the territory of the Kingdom, which aims to joint work in the field of combating terrorism, developing security capabilities and cooperation between agencies and institutions of different countries to respond to security threats and internal crises.

The statement added: This exercise was designed on scenarios that simulate the reality, conditions and challenges facing the whole world, including the threat of terrorism... and simulating new threats such as the use of weapons of mass destruction of various types.

The statement said: During the exercise, many meetings and seminars will be held that will bring together senior military leaders and figures, the aim of which will be to discuss the most important problems and dilemmas facing the world on the security level and how to address them.

The exercises are being held in the fields of the Jordanian Armed Forces, command and control centers, the King Abdullah Center for Special Operations Training, and the National Center for Security and Crisis Management, with the participation of various types of land, air and sea weapons.

According to the statement, Germany, Italy, Japan, Norway, Kazakhstan, Austria, Sweden, Cyprus, Kenya, Greece, Poland, Belgium, Pakistan, Australia, Saudi Arabia, Iraq, Lebanon, UAE, Bahrain, Kuwait, Oman and Morocco, in addition to Jordan, will participate in these maneuvers, according to the statement.

The last maneuvers were conducted for the period from August 25 to September 5, 2019, before the spread of the Corona pandemic, with the participation of 28 countries.

Maneuvers were also conducted in 2018, with Jordanian-American participation only, during the period from April 15 to 26, in which 3,500 American soldiers participated.

Source: National Iraqi News Agency

Wildfire in Northern Kazakhstan Spreads Over 106,000 Acres

Nur-Sultan-- Raging wildfire in northern Kazakhstan has engulfed over 43,000 hectares (106,255 acres) of land by Sunday morning, the Minister of Emergency Situations, Yuri Ilyin, told reporters, according to Sputnik.

"The wildfire has burnt over 43,000 hectares of land in total," the minister said.

The blaze grew over 4.5 times compared to Saturday night, when it spread across the area of 9,400 hectares.

The fire is likely to grow even further in eight active zones, Ilyin said, adding that firefighting efforts are continuing.

The wildfire broke out in Kazakhstan's Kostanay Province on Friday and spread quickly over a large swath of land.

Eleven freight trains and six passenger trains were delayed this weekend amid the fires. At least five firefighter trains and hundreds of firefighters are involved in extinguishing the Kostanay blaze.

Over 1,800 people have been evacuated. At least ten, including one minor, were injured in the blaze and one person died.

Source: Saudi Press Agency

Scores of Extremist Settlers Storm Al-Aqsa Mosque

Jerusalem-- Dozens of Jewish extremist settlers early Sunday broke into the Al-Aqsa Mosque/ al-Haram al-Sharif compound in occupied East Jerusalem, Jordanian News Agency (Petra) reported.

The Islamic Awqaf and Al-Aqsa Affairs said in a statement that today’s raid was conducted through al-Magharebah Gate in successive groups under the heavy protection of Israeli special police.

"The settlers performed Talmudic rituals, provocatively toured the Mosque’s yards, and listened to explanations about the purported "Temple Mount" amid a state of anger inside the compound," it added.

Source: Saudi Press Agency

The Kingdom Donates $3.5 Million to Two Initiatives of the International Atomic Energy Agency (ReNuAL2 and ZODIAC) to Support the Agency’s Efforts in Ensuring the Safe and Peaceful Use of Nuclear Technology

Riyadh-- The Kingdom of Saudi Arabia has announced its donation of $2.5 million towards the initiative of the International Atomic Energy Agency (IAEA) to modernize its Seibersdorf laboratories (ReNuAL2), which will contribute to strengthening the nuclear and radiological regulatory capabilities to maximize the uses of nuclear techniques and provide resources and services to IAEA member states to ensure the safe use of nuclear technology.

The Kingdom of Saudi Arabia has also announced its donation of $1 million to support the IAEA’s initiative for Zoonotic Diseases Integrated Action (ZODIAC), launched by the IAEA to help prevent the outbreaks of infectious zoonotic diseases with the use of nuclear techniques and strengthen the preparedness and response, and early detection of their causes.

These donations represent an extension of the Kingdom of Saudi Arabia's continuous support for the efforts of the IAEA and its initiatives aimed at developing its capabilities in a way that enhances its vital role in harnessing the atom for peace and confirms the Kingdom's positive stance towards matters related to using nuclear energy and technology and their peaceful and safe development.

Source: Saudi Press Agency