ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Vicor Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – VICR

NEW YORK, Aug. 24, 2024 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Vicor Corporation (NASDAQ: VICR) between April 26, 2023 and February 22, 2024, both dates inclusive (the “Class Period”), of the important September 23, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Vicor common stock 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 Vicor class action, go to https://rosenlegal.com/submit-form/?case_id=27447 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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 September 23, 2024. 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, 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, during the Class Period, defendants created the false and/or materially misleading impression that Vicor had secured a significant deal for its H100 product that, according to analysts, was Nvidia Corporation. These statements proved incorrect when first, on October 24, 2023, Vicor conspicuously failed to discuss the deal and then later, on February 22, 2024, when the Company issued a press release announcing its end of year earnings and flagged a sharp reversal in new contracts and sales. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Vicor class action, go to https://rosenlegal.com/submit-form/?case_id=27447 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@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
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9219823

Communications Minister Highlights Gaming’s Role in Shaping Future Technologies

Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha participated on Saturday in the opening session of the New Global Sports Conference (NGSC) hosted in Riyadh over two days under the theme "The Future of Fandom." Al-Swaha emphasized that the support and empowerment provided to the gaming and esports sector by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, reflects the Kingdom's ambition to become a hub for this industry and a magnet for digital talent from around the world, contributing to the achievement of Vision 2030. During the opening session, which was attended by Prince Faisal bin Bandar bin Sultan, Chairman of the Board of Directors of the Saudi Esports Federation (SEF), Eng. Al-Swaha spoke about the vital role that games play in shaping modern technologies and innovations. He noted that the growth and prosperity of generative artificial intelligence and other technologies serving humanity are rooted in the g raphics processing unit (GPU), originally designed for graphics and games, which has now become the cornerstone of these advanced technologies. He also showcased Saudi success stories, such as Rasha Al-Qahtani's innovative mental health games and Ali Al-Qarni's journey from gaming enthusiast to astronaut. Source: Saudi Press Agency

JOC: The reverse transport mechanism witnessing an unprecedented high fluidity

The Joint Operations Command confirmed, today, Sunday, that the reverse transport mechanism is witnessing an unprecedented high fluidity. The command stated in a statement, "Deputy Commander of Operations, Lieutenant General Qais Al-Muhammadawi, continues his diligent follow-up of all the components of the Arbaeen visit plan of Imam Hussein (peace be upon him), as he inspected a number of axes of this visit and the passenger areas for the reverse transport plan, and reviewed the reverse transport mechanism, which is witnessing an unprecedented high fluidity." Al-Muhammadawi praised the "great and distinguished work of the various security forces that play honorable national roles with close cooperation, respect and great understanding from the millions of crowds that headed towards Karbala Governorate." The statement added that Al-Muhammadawi stressed during his meeting with a number of leaders, commanders and affiliates on "the importance of continuing efforts, especially during the coming hours, which wi ll constitute the highest peaks of departure for visitors after they have completed their visit ceremonies." Source: National Iraqi News Agency

Hezbollah announces the end of the “first phase” of its attacks on the Zionist entity

The Lebanese Hezbollah announced on Sunday morning the completion of the "first phase" of its attacks on the Zionist entity "with complete success", following the Israeli army's launch of a large-scale attack in Lebanon. The party said in a statement that the first phase includes "targeting Israeli barracks and sites to facilitate the passage of attack drones towards their desired target deep inside the entity, and the drones crossed as scheduled. It added that "the number of Katyusha rockets launched so far has exceeded 320 rockets towards enemy sites." Hezbollah explained that it targeted 11 Israeli military bases, namely the Meron base, the Naveh Ziv base, the Zaatoun base, the Zaoura bases, the Sahel base, the Kela and "UF" barracks, the Nafah and Yarden bases in the occupied Syrian Golan, the Ein Zei Tim base, and the Ramot Naftali barracks. Source: National Iraqi News Agency

The Media Department provides live broadcasting service to more than 100 Arab and foreign satellite channels during the Arbaeen pilgrimage in Karbala

The Media Department of Al-Abbass Shrine provided live broadcasting service to more than 100 Arab and foreign satellite channels in covering the Arbaeen pilgrimage ceremony. The head of the Live Broadcast System Unit in the department, Engineer Zaid Salim, said: "Al-Kafeel Center for Artistic Production and Live Broadcasting affiliated with the department works to transmit the events of the Arbaeen pilgrimage of Imam Hussein (peace be upon him) to the whole world." He added, "We worked to cover the procession of visitors heading towards the shrines of Imam Hussein and his brother al-Abbas (peace be upon them), starting from Ras al-Bisha area south of Basra Governorate, passing through the rest of the governorates, arriving at the holy city of Karbala via a mobile team." Salim continued, "The department provided live broadcasting service (feed clean) for free to more than 100 Arab and foreign satellite channels, in addition to providing high-quality inserts and photographs for websites, media institutions, newspapers and magazines to benefit from without a logo." Source: National Iraqi News Agency

Jordanian Foreign Ministry warns of escalation in southern Lebanon, calls for launching an effective international movement to impose an immediate end to aggression on Gaza

The Jordanian Ministry of Foreign Affairs and Emigrants warned today, "of the increasing escalation in southern Lebanon and its dangerous repercussions that may lead to the region slipping into a regional war that threatens its security and stability, especially in light of the ongoing Israeli aggression on the Gaza Strip." The official spokesman for the ministry, Ambassador Sufian Qudah, stressed "the importance of supporting Lebanon, its security, stability, and the safety of its people and institutions," stressing "the need to adhere to Security Council Resolution 1701 to prevent further escalation, and to combine all efforts to reduce the escalation and protect the region from the risk of slipping into a regional war." He also underlined that "the continuation of the Israeli aggression on Gaza and the failure to reach an exchange agreement that leads to an immediate and permanent ceasefire, puts the entire region at risk of the conflict expanding regionally." The official spokesman emphasized "the need to launch an effective international movement that imposes an immediate cessation of the aggression on Gaza, and ends the humanitarian catastrophe it is causing, in a way that ensures the protection of the Palestinian people, and the protection of regional and international security and stability." Source: National News Agency - Lebanon

Sami Gemayel says “military operations must cease, armistice agreement established, international decisions implemented”

The head of the Lebanese Kataeb Party, MP Sami Gemayel, wrote today on his "X" platform account: 'Following the response, and the response to the response...it has become clear that there is no intention to expand the war on all sides. Therefore, it is necessary to immediately cease military operations on both sides of the border and move towards consolidating the armistice agreement and implementing the state decisions related to Lebanon's security in order to avoid further senseless destruction and death, especially Resolution 1559, which stipulates that the state has exclusive control over weapons and extends its sovereignty over all Lebanese territories. No Lebanese will believe the lies of speeches and claims of imaginary victories.' Source: National News Agency - Lebanon

Washington helps Israel hunt down Sinwar with ground-penetrating radar

The New York Times revealed today that Washington provided Israel with ground-penetrating radar to help track down Hamas political bureau chief Yahya Sinwar, according to "Sky News Arabia". Last January, Israeli and American officials believed they had a rare opportunity to hunt down one of the world's most wanted men, according to the newspaper. At the time, Israeli forces raided a tunnel complex in the southern Gaza Strip based on intelligence information that Yahya Sinwar, the leader of Hamas, was hiding there. Later, it turned out that he was indeed there, but he left the hideout under Khan Yunis a few days ago, after which the pursuit operations continue to this day. Since the October 7 attack, the newspaper says that Sinwar "has become like a ghost: he never appears in public, rarely sends messages to his followers, and gives few clues about his whereabouts." Source: National News Agency - Lebanon