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SVVC Deadline: SVVC Investors Have Opportunity to Lead Firsthand Technology Value Fund, Inc. Securities Fraud Lawsuit
SVVCFirsthand Technology(SVVC) Prnewswire·2025-05-13 21:33

Core Viewpoint - Rosen Law Firm is reminding purchasers of common stock of Firsthand Technology Value Fund, Inc. about the lead plaintiff deadline for a class action lawsuit related to significant shareholder value destruction and fraudulent valuations during the Class Period from January 1, 2021, to November 14, 2023 [1][5]. Group 1: Class Action Details - Investors who purchased Firsthand Technology common stock during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 20, 2025 [3]. - The lawsuit alleges that the Fund's managers destroyed over 200millioninshareholdervalueandinflatedthevalueofremaininginvestmentsusingimplausiblevaluationmethodologies[5].Group2:RosenLawFirmsCredentialsRosenLawFirmhasastrongtrackrecordinsecuritiesclassactions,havingachievedthelargestsecuritiesclassactionsettlementagainstaChinesecompanyatthetimeandbeingrankedNo.1forthenumberofsettlementsin2017[4].Thefirmhasrecoveredhundredsofmillionsofdollarsforinvestors,includingover200 million in shareholder value and inflated the value of remaining investments using implausible valuation methodologies [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over 438 million in 2019 alone [4]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [4].