Rosen Law Firm Investigates Potential Claims Against Tungray Technologies Inc. for Securities Mismanagement

Rosen Law Firm Investigates Tungray Technologies Inc.



The Rosen Law Firm, a reputable global investor rights law firm, is currently investigating Tungray Technologies Inc. (NASDAQ: TRSG) due to serious allegations of securities fraud. The firm is focusing on potential claims that could be made by shareholders against the company for allegedly disseminating materially misleading information to the public regarding its financial statements.

Allegations and Company Response



On December 31, 2024, Tungray Technologies submitted a current report to the U.S. Securities and Exchange Commission, a disclosure that brought new light to past financial reports. In the disclosure, the Company made it clear that its financial statements for the years ending December 31, 2023, 2022, and 2021 — included in its Annual Report on Form 20-F — should no longer be relied upon. This announcement came after the company's Board of Directors, following a recommendation from the Audit Committee, revisited discussions with management and deemed the previous numbers as unreliable.

The implications of such a report are significant, as it suggests that Tungray Technologies may have misled investors about its financial health, potentially leading to uncontrolled investor losses within the company.

What Investors Should Do



If you have purchased securities from Tungray Technologies, you may have eligibility for compensation. The Rosen Law Firm operates on a contingency fee arrangement, which means there are no out-of-pocket fees for those looking to join this class action lawsuit. Interested parties can easily join by visiting the firm's website or contacting Phillip Kim, Esq., directly for additional information.

Here’s How You Can Join the Class Action


To participate in the legal proceedings, visit Rosen Law Firm's submission form or reach out by phone or email for guidance. The firm urges anyone affected to take action promptly.

Why Choose Rosen Law Firm



Rosen Law Firm stands out for its commitment to protecting investor rights, supported by a proven track record of successful litigation in securities class actions. Notably, the firm has achieved landmark settlements, including the largest class action settlement against a Chinese company at that time. It has consistently ranked among the top law firms in securities class action settlements, notably achieving over $438 million in recoveries for investors in 2019 alone.

Investors are encouraged to act judiciously when choosing legal representation. Not all firms possess the experience or resources necessary to handle complex securities cases effectively. Rosen Law Firm boasts a team of highly regarded attorneys with extensive backgrounds in securities litigation, including recognitions from Lawdragon and Super Lawyers.

Stay Informed


For ongoing updates regarding this investigation and other investor news, follow the Rosen Law Firm on their LinkedIn page, Twitter, or Facebook.

Conclusion


In the wake of serious allegations against Tungray Technologies, shareholders must remain vigilant and informed. With the Rosen Law Firm leading this investigation, affected investors should feel empowered to join and seek justice without upfront financial risks. The choice of legal counsel can significantly affect the outcome of such cases, making it imperative to choose a law firm with a credible history and dedication to investor protection.

Topics Financial Services & Investing)

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