November 27, 2021

EQUITY ALERT: ROSEN, A LEADING LAW FIRM, Encourages Peloton Interactive, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – PTON

NEW YORK, Nov. 27, 2021 (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 Peloton Interactive, Inc. (NASDAQ: PTON) between December 9, 2020 and November 4, 2021, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 18, 2022.

SO WHAT: If you purchased Peloton 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 Peloton class action, go to http://www.rosenlegal.com/cases-register-2204.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 January 18, 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, defendants repeatedly, falsely assured investors that the Company’s positive results and growth would continue after the pandemic. In addition, during the Class Period, Defendants made false and misleading statements about the amount of inventory that Peloton held, and touted the Company’s ability to keep its inventory levels in line with substantial, sustained demand. As a result of defendants’ misrepresentations, Peloton common stock traded at artificially inflated prices during the Class Period. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Peloton class action, go to http://www.rosenlegal.com/cases-register-2204.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

November 27, 2021

ROSEN, GLOBALLY RESPECTED INVESTOR COUNSEL, Encourages Silverback Therapeutics, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – SBTX

NEW YORK, Nov. 26, 2021 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Silverback Therapeutics, Inc. (NASDAQ: SBTX): (1) pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s December 3, 2020 initial public offering (“IPO”); and/or (2) between December 3, 2020 and September 10, 2021, inclusive (the “Class Period”), of the important January 4, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Silverback securities 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 Silverback class action, go to http://www.rosenlegal.com/cases-register-2200.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 January 4, 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. 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.

DETAILS OF THE CASE: According to the lawsuit, the IPO documents featured and defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Silverback’s lead product candidate SBT6050 (a TLR8 agonist linker-payload conjugated to a HER2-directed monoclonal antibody that targets tumors, such as breast, gastric, and non-small cell lung cancers) was less effective than the Company had represented to investors; (2) accordingly, the Company had overstated SBT6050’s commercial and/or clinical prospects; and (3) as a result, the IPO documents and defendants’ public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Silverback class action, go to http://www.rosenlegal.com/cases-register-2200.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

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:

November 27, 2021

Hasan Ali Smashes Multiple Records as He Picks Up a 5-fer Against Bangladesh

Pakistan’s ace right-arm seamer, Hasan Ali, rattled the Bangladesh batting unit on Day 2 of the first Test match as he finished with figures of 5/51 to dismiss Bangladesh for 330 in the first innings. This was Hasan’s fifth five-wicket haul in Test cricket in the calendar year and his sixth overall in his Test career.

Hasan has been in outstanding form in Test cricket ever since his comeback from the injury. The spearhead of the Pakistani bowling unit did not take part in a single Test match in 2020 due to injury but ever since his comeback he has taken 37 wickets at an average of 15.40 in 13 innings. He is the third-highest wicket-taker in Test cricket in the current calendar year.

The 27-year old created multiple records in his exceptional bowling spell. He became the second-highest Pakistani bowler with the most five-wicket hauls in a calendar year. Former fast bowler, Waqar Younis holds the record for most five-wicket hauls in a calendar year by a Pakistani bowler as he took six 5-fers in 1993.

Hasan’s fifth five-wicket haul in 2021 equaled the record of Yasir Shah, Saqlain Mushtaq, Imran Khan, and Waqar Younis who had taken five-wicket hauls in a calendar year on previous occasions. Hasan only took 13 innings to achieve the milestone of five 5-fers in the calendar year. In comparison, Saqlain Mushtaq took 13 innings and Imran Khan took 17 innings to achieve the feat. Waqar’s six five-wicket hauls on the other hand came in only 12 innings.

Hasan’s 5/51 is also the best bowling figure by a fast bowler at Zahur Ahmed Chowdhry Stadium in Chattogram. Former Bangladeshi fast bowler, Shahdat Hossain previously held the record as he finished with figures of 5/71 against India in 2010.

Hasan’s magnificent bowling early on in the morning has put Pakistan in a strong position to take the lead over Bangladesh and post a daunting total on the board.

Source: Pro Pakistani

November 27, 2021

Muhammad Waseem is The First Pakistani to Win World Boxing Council Silver Title

Pakistan’s ace boxer Muhammad Waseem beat Colombia’s Rober Barrera to bag the World Boxing Council (WBC) Silver World Title. Waseem is the first Pakistani boxer to lift the title. Despite suffering serious cuts over his left eye and his right cheekbone, Waseem won the fight comfortably by a unanimous decision.

Waseem, nicknamed “The Falcon”, has taken another step in securing a shot at the Flyweight World Title. Waseem’s bout against Barrera was for two titles, WBA World Eliminator and WBC Silver. The 34-year old created history as he became the first Pakistani to become a two-time world champion.

The Falcon took upon the challenge put up by Barrera and secured victory after a resounding performance in the final two rounds of the bout. The final scores of the fight were 115-113, 115-114, and 117-11 in favor of Waseem as he won the fight through a unanimous decision.

An emotional Waseem at the end of his fight thanked his trainers and the supporters for their unconditional support throughout the past few months.

“I would like to thank my trainers who prepared me strongly for this fight. I am happy to accomplish yet another milestone for Pakistan. Fans’ support boosted my confidence and I thank them for their support,” Waseem remarked at his victory speech at the end of the fight.

Source: Pro Pakistani

November 27, 2021

Philip Morris Has Reduced its Carbon Footprint by 30%

Philip Morris Pakistan Limited (PMPKL) has reduced its carbon emissions footprint by 30% compared with the 2018 baseline in manufacturing, according to PMPKL’s Executive Director and Director Finance Muhammad Zeeshan.

The company has achieved this by reducing the energy consumption of existing manufacturing facilities by 41% and by the installation of a 704 kW Solar Plant.

He highlighted that PMPKL is striving to reduce its carbon footprint by transforming its operations. Among other initiatives, PMPKL converted the boiler fuel at its Green Leaf Threshing Plant from furnace oil to Liquefied Petroleum Gas which alone is expected to reduce the CO2 emissions by a staggering 30%. This translates into a reduction of 2200 tons of carbon emissions in the next five years.

Another core value of PMPKL is the sustainable development of the communities where we work. To achieve this, PMPKL has partnered with various NGOs to support green leaf tobacco farmers and other stakeholders.

One such initiative is the crop diversification program, where PMPKL has been working to increase the economic and financial resilience of tobacco farmers by increasing their ‘Living Income’ through the cultivation of alternative and non-traditional crops.

PMPKL in partnership with Idara-e-Taleem-o-Aagahi is also conducting activities for dependents of farmers, wherein, around 5000 children (aged 6-14 years) of growers were engaged in 200 centers set up across Swabi, Charsada and Mardan with the goal of engaging such children in healthy, playful and educational activities. In collaboration with Shewa Educated Social Workers Association and Integrated Regional Support Program, an additional 700 older children (aged 15-17 years) have been engaged in life skills; “Tailoring and Stitching” and “Electrical Work”.

Another initiative is the reforestation program embarked by PMPKL in 2015 with the goal of supplying 100% traceable and sustainable firewood to its contracted farmers. 5.6 Million Eucalyptus Trees have been planted in Punjab and Khyber Pakhtunkhwa covering an area of over 1,800 Hectares of private communal lands.

As part of its aim to foster innovation and promote social entrepreneurship, PMPKL in partnership with local NGOs launched a program to support and fund start-ups with a view to foster a culture of socially responsible innovation and transformation in Pakistan (“Program”). This also develops start-ups that focus on positively impacting society. So far 150 startups have been engaged all over Pakistan and the top 3 finalists from the Program were awarded $10,000 each.

PMPKL has also recently partnered with a local NGO, to provide vocational training with the aim of empowering women through professional training in food catering. Under this initiative, four training centers were established in Lahore, Islamabad, Rawalpindi and Multan where 250 women were trained in the food catering business as well as on how to develop market linkages to sell online.

To support sustainable livelihoods for marginalized segments of society including persons with disabilities, PMPKL additionally partnered with NOWPDP to establish a recycling facility that employs people with disabilities to manage waste collection by providing them with retrofitted vehicles and waste processing to convert PET plastic into items of daily use.

Source: Pro Pakistani

November 27, 2021

Telcos Were Divided Over Revision in Off-Net Call Termination Rates

Country’s top cellular mobile operators including Telenor and Jazz have opposed the Pakistan Telecommunication Authority (PTA) ’s decision of revising downward the Mobile Termination Rates (MTR) to Rs 0.50 per minute from the current Rs. 0.70 per minute, as confirmed by the sources.

According to sources, both Jazz and Telenor termed the downward revision in MTR a drastic step that will trigger off-net aggression/price war resulting in lowering the already low tariffs, besides negatively impacting on revenues and profitability.

However, comparative smaller operators including PTCL, Zong, Ufone, and Wateen have supported PTA’s decision while saying that it will ensure a level playing field for all while protecting the commercial interests of smaller operators.

Those in favor said that move will shift the industry to a competition stage where all operators will strive to attract customers by improving the quality of their service, rather than merely having a higher customer base. Just in case if you are wondering, MTR is a price set by the regulator that’s charged for an off-net call by receiving operators and this minimum rate is applied across the industry.

This essentially means that if a call is originated from Ufone and the destination number is on Jazz, then Ufone will have to pay the MTR to jazz.

Decreased MTR will mean cheaper off-net calls for customers, but bigger operators, due to their size, receive more calls as compared to smaller operators, and hence they aren’t happy with the downward revision of the rate.

Due to rupee depreciation, Jazz actually had pleaded that MTR should be revised upward rather than downward, and a detailed analysis is required to include all the demographic, economic, market, and other factors. Pakistan’s economy has undergone a drastic devaluation in currency by more than 60 percent in the last 5 years, the company added.

PTA has revised downward the MTR to Rs. 0.50 per minute from 1st January 2022 against the current Rs. 0.70 per minute. The MTR would be further revised to Rs. 0.40 from 1st July 2022 to 30th June 2023 and would be further revised downward to Rs. 0.30 per minute from 1st July 2023 onwards. The PTA’s decision is in line with its plans that were set earlier in 2018 and were based on telecom policy.

Telenor stated that PTA’s proposal to reduce the MTR to Rs. 0.50 is a drastic step. It would have a deeply negative impact on Telenor’s interconnection revenues and its profitability.

PTA’s proposal builds on the benchmarking study undertaken on a group of countries. Some of which have lower MTR, whereas a number of countries with higher MTR are ignored, said Telenor.

The downward revision will trigger off-net aggression/price war resulting in lowering the already low tariffs to unprofitable levels which will inevitably impact the efforts to improve Quality of Service and coverage, the opposing operators said.

Moreover, amid slow economic growth, inflation, and rupee devaluation, an abrupt reduction in the MTR would further deflate the telecoms market. The MTR rate determined in 2018 proposed a gradual decline through a glide path model from

PTA, in response to opposing operators, said that considering MTR in USD of regional countries, Pakistan’s MTR @ US cents 0.40 per minute is much higher than those of Bangladesh, India, Malaysia, and Sri Lanka that turn out to be US cents 0.16, 0, 0.24 and 0.25 respectively.

PTA added that during consultation in 2018, international Benchmarking results estimated MTR for Pakistan between Rs. 0.18 to Rs. 0.43 per minute, whereas, the Authority reduced the MTR to Rs. 0.70 per minute, therefore, further revision is already over-due since January 2021.

The Authority has included a sufficiently large sample of countries in its analysis and more than half of these countries have higher MTR than Pakistan in absolute USD terms.

Therefore, the sample is representative and have sufficient numbers of countries with higher MTR as well. Moreover, the sample is comparable to the extended sample used in the MTR determination in 2018.

PTA was of the view that lowering MTR will result in facilitating a more competitively neutral framework among the operators. This would allow more competitive and innovative offerings such as free minutes bundles (for both off-net and on-net), which would be great ease and beneficial for the consumers.

Source: Pro Pakistani