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ROSEN, THE FIRST FILING FIRM, Encourages Sable Offshore Corp. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – SOC
GlobeNewswire News Room· 2025-08-14 17:22
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Sable Offshore Corp. securities during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1][5]. Group 1: Class Action Details - The Class Period for the securities class action is defined as between May 19, 2025, and June 3, 2025, inclusive, and includes those who participated in Sable's secondary public offering on May 21, 2025 [1]. - Investors who purchased Sable securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must file a motion with the Court by September 26, 2025, to represent other class members in the litigation [3]. Group 2: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions, as many firms may not have the necessary experience or resources [4]. - The Rosen Law Firm has a history of successful settlements, including the largest securities class action settlement against a Chinese company at the time, and has recovered hundreds of millions of dollars for investors [4]. Group 3: Case Allegations - The lawsuit alleges that Sable Offshore Corp. made materially false and misleading statements regarding the restart of oil production off the coast of California, which were not true [5]. - As a result of these misleading statements, investors suffered damages when the true information became public [5].
ABACUS (ABL) ALERT: Bragar Eagel & Squire, P.C. Continues Investigating Abacus Global Management, Inc. on Behalf of Abacus Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-08-12 23:06
Core Viewpoint - Abacus Global Management, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices, following a significant drop in stock price after a critical report [1][2]. Group 1: Company Overview - Abacus Global Management, Inc. is a publicly traded company listed on NASDAQ under the ticker ABL [1]. - The company has been associated with a SPAC valued at $740 million [2]. Group 2: Legal Investigation - Bragar Eagel & Squire, P.C. is investigating claims on behalf of Abacus stockholders regarding possible legal violations [1]. - The investigation was prompted by a report from Morpheus Research that accused Abacus of engaging in accounting schemes to inflate revenue [2]. Group 3: Stock Performance - Following the publication of the critical report on June 4, 2025, Abacus's stock price experienced a decline of over 21% [2].
X @Forbes
Forbes· 2025-08-11 23:20
Tax Law Firms Are Busier Than Ever—Hiring Former Federal Employees Could Help https://t.co/jx1zaGVziy https://t.co/jx1zaGVziy ...
Lynch Carpenter Investigates Salesforce Data Breach Affecting Millions of Individuals
GlobeNewswire News Room· 2025-08-11 20:33
Core Insights - A cybersecurity incident affecting Salesforce has compromised the personal information of potentially millions of individuals, impacting several major companies including Air France, KLM, Adidas, Qantas, Allianz Life, Louis Vuitton, Dior, Tiffany & Co., Chanel, and Google [1] Group 1 - The data breach involves the exposure of personally identifiable information (PII) [1] - Lynch Carpenter, LLP is investigating claims against Salesforce and the impacted companies related to this data breach [2] - Individuals who received a data breach notification from the affected companies may be entitled to compensation [2] Group 2 - Lynch Carpenter is a national class action law firm with a focus on data privacy matters and has represented millions of clients over more than a decade [3] - The firm has earned national acclaim for complex litigation for plaintiffs across the country [3]
Johnson Fistel Investigates Fairness of Proposed Sale of MeridianLink
GlobeNewswire News Room· 2025-08-11 17:25
Core Viewpoint - Johnson Fistel, PLLP has initiated an investigation into MeridianLink, Inc. regarding potential breaches of fiduciary duties by its board members in relation to the proposed sale to Centerbridge Partners, which may undervalue the company’s shares [1][6]. Company Overview - MeridianLink has entered into a definitive merger agreement with Centerbridge Partners, where shareholders will receive $20.00 in cash per share [6]. - The proposed merger price is significantly lower than MeridianLink's 52-week high of $25.33 per share, despite positive projections for the company's sales and revenue growth from Wall Street analysts [6]. Legal Context - The investigation by Johnson Fistel is aimed at assessing whether the board's actions in the sale process are in the best interest of shareholders [1]. - Shareholders who believe the deal undervalues their investment are encouraged to participate in the investigation [3]. Firm Background - Johnson Fistel, PLLP is recognized as a leading shareholder rights law firm with a strong track record in securities class action lawsuits, having recovered approximately $90.725 million for clients [4].
招人难、培训贵、留人难、用人难,律所如何摆脱现状?
梧桐树下V· 2025-08-11 16:05
Core Viewpoint - The legal industry is facing increasing regulatory pressure and competition, leading to heightened operational risks and survival challenges for law firms, characterized by difficulties in recruitment, training, retention, and utilization of new lawyers [1]. Group 1: Challenges in the Legal Industry - Recruitment difficulties are evident, with a survey from a leading law firm indicating that 52% of new hires cannot independently handle cases within three months [1]. - The cost of training is significant, with estimates showing that the hidden cost of training one qualified lawyer exceeds 180,000 yuan, increasing by 12% annually [1]. - Retention issues are highlighted, as 45% of new lawyers leave the profession within three years, indicating a high turnover rate among young lawyers [1]. - Utilization challenges arise, with partners spending an average of 7.3 hours weekly correcting basic errors made by new hires, leading to frustrations about the inefficiency of traditional mentorship models [1]. Group 2: Proposed Solutions - To address these challenges, a shift from traditional mentorship to systematic training is recommended, which can reduce errors made by newcomers and shorten the training period [1]. - The proposed training program includes comprehensive modules taught by senior lawyers from well-known firms, covering essential skills such as contract drafting and due diligence [5][6]. - The training program consists of 10 courses totaling 17 hours, providing practical tools and resources, including a legal toolkit with templates and checklists [5][6]. Group 3: Course Content Overview - The first module focuses on self-growth and management for young lawyers, emphasizing the importance of legal beliefs and risk avoidance [9]. - Subsequent modules cover topics such as business etiquette, commonly used legal tools, legal research techniques, and writing legal documents [11][13][16][18]. - Advanced modules address contract drafting and review, due diligence processes, and civil litigation documentation, ensuring a well-rounded skill set for new lawyers [20][24].
RDDT FINAL DEADLINE: ROSEN, A LONGSTANDING LAW FIRM, Encourages Reddit, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important August 18 Deadline in Securities Class Action – RDDT
GlobeNewswire News Room· 2025-08-09 19:11
Core Viewpoint - Rosen Law Firm is reminding investors who purchased Reddit, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on August 18, 2025, and the potential for compensation without out-of-pocket costs [1][2]. Group 1: Class Action Details - A class action lawsuit has been filed against Reddit, Inc. for allegedly making false and misleading statements regarding user engagement and advertising revenues during the Class Period [4]. - The lawsuit claims that changes in Google Search's algorithm led to a significant reduction in traffic to Reddit, which was not disclosed by the defendants [4]. - Investors are encouraged to join the class action and can do so by contacting Rosen Law Firm for more information [2][5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. - Founding partner Laurence Rosen has been recognized as a Titan of Plaintiffs' Bar by Law360, highlighting the firm's expertise in this area [3].
Marex Group ALERT: Securities Fraud Investigation by Block & Leviton Could Allow Investors to Recover Losses
GlobeNewswire News Room· 2025-08-05 16:03
Group 1 - Marex Group PLC shares fell over 8% on August 5, 2025, following allegations from a NINGI Research report that the company concealed nearly $1 billion in off-balance-sheet derivatives exposure through a Luxembourg fund [2] - The report claims that Marex Group used the fund to generate non-cash trading profits and inflated operating cash flow by misclassifying structured note issuance as income [2] - Block & Leviton is investigating potential securities law violations by Marex Group and may file an action to recover losses for affected investors [4][6] Group 2 - Investors who purchased Marex Group common stock and experienced a decline in share value may be eligible to recover losses, regardless of whether they sold their investment [3] - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7]
“最强外脑”上线,技术调查官是个什么“官”?
Sou Hu Cai Jing· 2025-08-04 02:16
Core Viewpoint - The article emphasizes the role of technology investigation officers in enhancing the efficiency and quality of legal proceedings in Shanghai's Jing'an District, showcasing a model for modernizing judicial practices and improving the business environment [1][2][3]. Group 1: Technological Integration in Legal Proceedings - Jing'an District has established inspection service stations in key commercial areas to create a first-class business environment and support new productivity [2]. - The introduction of technology investigation officers aims to address the increasing technical complexity of cases, particularly in areas like cybercrime and intellectual property [3][4]. - The first batch of 60 technology investigation officers was appointed to assist in resolving specialized technical issues within the judicial process [3]. Group 2: Case Studies and Practical Applications - A notable case involved the prosecution of an individual for unauthorized video distribution, where technology investigation officers helped identify over 4,000 instances of copyright infringement [3]. - In another case, technology investigation officers assisted in analyzing a self-developed program used for illegal account registration in online gaming, leading to a conviction [5]. - The involvement of technology investigation officers has significantly improved the confidence of prosecutors in handling complex cases involving computer programs and electronic evidence [5]. Group 3: Public Interest Litigation and Environmental Issues - The article discusses how technology investigation officers have been utilized in public interest litigation, particularly in addressing light pollution issues in residential areas [6][7]. - They employed scientific equipment to gather data on light pollution, which helped in establishing core evidence and facilitating multi-department collaboration for urban governance [7]. - The Jing'an District Prosecutor's Office has engaged technology investigation officers in various public interest cases, leading to over 200 instances of technical opinion issuance [7]. Group 4: Urban Governance and Safety - The article highlights the importance of integrating legal and technical expertise to enhance urban governance, particularly in traffic safety [8][9]. - Technology investigation officers have been involved in assessing traffic signal timing and road safety, leading to adjustments in traffic management across multiple intersections [8]. - The collaboration between prosecutors and technology investigation officers aims to create a more effective governance model that addresses urban challenges [9].
Beyond the Bar Exam: Can Alternative Licensing Shake Up the Legal Industry?
Bloomberg Television· 2025-07-29 17:08
Legal Industry Trends - Some states are offering alternatives to the bar exam for practicing law [1] - The question is raised whether more states will follow suit in offering these alternatives [1] Media & Information Outlets - Bloomberg Television and Markets are sources for related video content [1] - Bloomberg provides business news & analysis, market data, features, and profiles [1] - Bloomberg has a presence on various social media platforms including X, Facebook, Instagram, TikTok, Reddit, and LinkedIn [1] - Bloomberg offers various media channels including Bloomberg Radio, Bloomberg Surveillance, Bloomberg Politics, and Bloomberg Originals [1] - Bloomberg has multiple YouTube channels including Bloomberg Technology, Bloomberg Originals, Bloomberg Quicktake, and Bloomberg Espanol [1] - Bloomberg provides podcast content [1]