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

Minister of Health to Head Saudi Arabia’s Delegation to 76th World Health Assembly in Geneva

The Minister of Health of the Kingdom of Saudi Arabia, Fahd bin Abdurrahman Al-Jalajel, will head the Kingdom's delegation to the Seventy-sixth World Health Assembly, which will commence later today (Sunday) at the World Health Organization (WHO) headquarters in Geneva.

Al-Jalajel will also head the Kingdom's delegation to the 59th meeting of the Executive Bureau of the Arab Health Ministers Council, which started its two-day activities on Saturday.

During the 76th World Health Assembly, the decision-making body of WHO, a series of strategic roundtables will be held to discuss current and future priorities for public health issues.

The World Health Assembly comes after WHO's declaration on May 5 of the end of the global emergency status for COVID-19, during which the Kingdom has demonstrated great success in combating the pandemic and has proved a role model in protecting health, thanks to the support of the Kingdom's leadership in align with the Saudi Vision 2030.

Source: Saudi Press Agency

Secretary-General of IMCTC Receives Ambassador of Zambia to Saudi Arabia

The Acting Secretary-General of the Islamic Military Counter Terrorism Coalition (IMCTC), Major General Mohammed bin Saeed Al-Moghdi, received the Ambassador of the Republic of Zambia to the Kingdom of Saudi Arabia, Duncan Mulima, and his accompanying delegation in Riyadh.

During the meeting, they engaged in discussions regarding mutual areas of interest between the IMCTC and the Republic of Zambia.

Ambassador Mulima was briefed on the IMCTC's efforts in combating terrorism, including its role in coordinating its member states' efforts.

Additionally, he was informed about the latest developments related to terrorist groups and events worldwide.

The Ambassador of Zambia praised the efforts made by the IMCTC with regard to combating and eliminating the scourge of terrorism, noting the great role of the Kingdom of Saudi Arabia in the various fields of combating terrorism.

Source: Saudi Press Agency

Sudan Affirms Commitment to Jeddah Ceasefire Agreement

Sudan welcomed the short-term ceasefire agreement and humanitarian arrangements signed in Jeddah yesterday evening, with mediation by Saudi Arabia and the United States.

In a statement released today, the Sudanese Ministry of Foreign Affairs affirmed the Sudanese government's commitment to the terms outlined in the agreement. Furthermore, it expressed hopes that the agreement would successfully achieve its objectives and alleviate the suffering of the Sudanese people caused by the war.

Source: Saudi Press Agency

Saudi Arabia, US signed agreement on short-term ceasefire in Sudan

Saudi Arabia and the United States announced that on May 20, in Jeddah, representatives of the Sudanese Armed Forces and the Rapid Support Forces signed an Agreement on a Short-Term Ceasefire and Humanitarian Arrangements.

The short-term ceasefire, which enters into force 48 hours after the signing of the Agreement, shall remain in effect for seven days and may be extended with the agreement of both parties.

The parties agreed to facilitate the delivery and distribution of humanitarian assistance, restore essential services, and withdraw forces from hospitals and essential public facilities, Saudi Press Agency (SPA) reported.

The parties also agreed to facilitate the safe passage of humanitarian actors and commodities, allowing goods to flow unimpeded from ports of entry to populations in need.

Both parties have conveyed to the Saudi and U.S. facilitators their commitment not to seek military advantage during the 48-hour notification period after signing the agreement and prior to the start of the ceasefire.

The ceasefire will go into effect at 09:45 p.m., Khartoum time, on May 22.

The parties have previously announced ceasefires that have not been observed. Unlike previous ceasefires, the Agreement reached in Jeddah was signed by the parties and will be supported by a U.S.-Saudi and international-supported ceasefire monitoring mechanism.

This short-term ceasefire is in line with the step-by-step approach agreed by the parties.

It is anticipated that subsequent talks will focus on additional steps necessary to improve security and humanitarian conditions for civilians such as vacating forces from urban centers, including civilian homes, accelerating removal of impediments to the free movement of civilians and humanitarian actors, and enabling public servants to resume their regular duties.

"Given the brutality of the conflict, our immediate focus has been on stopping the fighting to relieve the suffering of the Sudanese people. The Jeddah talks have focused on a short-term ceasefire to facilitate humanitarian assistance and restoration of essential services. They are not a political process and should not be perceived as one" the statement mentioned.

the statement also added that the Sudanese people have now suffered for five terrible weeks as a result of this devastating conflict. Saudi Arabia and the U.S. stand by them and parties shall fully abide by their commitments under this Agreement for a short-term humanitarian ceasefire to provide them with urgent and needed relief.

Source: Bahrain News Agency