Investors Given Chance to Oversee Class Action Against Firsthand Technology Value Fund, Inc.

Opportunity for Investors in the Firsthand Technology Lawsuit

In a significant development for shareholders, the Rosen Law Firm, a reputable global investor rights law firm, has announced that a class action lawsuit has been filed against Firsthand Technology Value Fund, Inc. (OTC SVVC). This is particularly relevant for those who bought shares in the fund between January 1, 2021, and November 14, 2023, as they may be eligible for compensation. The law firm encourages affected investors to take action promptly, as the deadline to apply as the lead plaintiff is May 20, 2025.

What’s at Stake

The lawsuit claims that during the class period, misleading statements were made by the defendants, which led to the destruction of more than $200 million in shareholder value. In an attempt to conceal further losses, the management is accused of inflating the valuation of the fund's remaining investments. This entails the use of dubious valuation methods that significantly inflated the net asset value (NAV) disclosed to investors. Consequently, this misrepresentation led to a miscalculation in the market price of the fund’s shares, disadvantaging many shareholders.

Investors who purchased shares during the class period should consider their legal options seriously. If you are contemplating participation in this class action, there is no out-of-pocket cost involved through the Rosen Law Firm, as they operate on a contingency fee basis. This enables investors to pursue justice and compensation without upfront costs.

Next Steps to Take

To participate in the class action, investors can visit the URL provided by the Rosen Law Firm. Alternatively, getting in touch with Phillip Kim, Esq., via phone or email is urged for those seeking more information or needing assistance in navigating this legal process. The firm emphasizes that being a lead plaintiff presents an opportunity to represent other affected shareholders and guide the litigation effectively, although it is not an obligation for all to take on this role.

Importance of Choosing the Right Legal Representation

Rosen Law Firm is deeply involved in advocating for investor rights and has demonstrated substantial success in previous securities class action settlements, including the most significant settlement against a Chinese company at one time. They have successfully recovered hundreds of millions for investors over the years and maintain a top ranking among legal firms specializing in this area.

As an investor, choosing a firm with proven expertise can significantly impact the outcome of any securities litigation. Rosen Law Firm has been consistently recognized for their adept handling of complex cases and securing favorable results for their clients.

Details of the Allegations

The core of the case revolves around the following allegations:
1. The management and service providers of Firsthand Technology Value Fund, Inc. misrepresented valuable information, resulting in the loss of investor funds.
2. There was a deliberate inflation of the value of the fund's investments to obscure financial losses.
3. Fraudulent valuations were incorporated into NAV, misleading investors about the fund's actual financial stability.
4. As a result, investors purchasing shares during this period faced significant losses caused by artificially increased market prices.

Potential plaintiffs should be aware that, as of now, no class has been certified. Consequently, personal legal representation is advised unless you retain counsel. Investors also have the option to remain inactive without choosing to participate in the lawsuit. However, eligibility for future recoveries is not contingent upon being the lead plaintiff.

Follow for Updates

For ongoing updates about the class action and additional resources, you can follow the Rosen Law Firm's official channels on Linkedin, Twitter, and Facebook. By staying informed, investors can navigate this complex legal landscape with clarity and confidence.

In summary, the opportunity for investors in the Firsthand Technology Value Fund, Inc. to take action against alleged securities fraud is here. Affected individuals are strongly encouraged to explore their options and consider joining the class action to seek potential compensation for their losses.