#United States #New York #Rosen Law Firm #Tungray Technologies #TRSG

Rosen Law Firm Initiates Investigation into Tungray Technologies

In a significant move for investors, the Rosen Law Firm, a well-known global investor rights law firm, has announced its ongoing investigations regarding potential securities claims on behalf of shareholders of Tungray Technologies Inc, listed on NASDAQ under the ticker TRSG. This investigation comes in light of recent allegations that the company may have disseminated materially misleading business information to its investors.

Why the Investigation Matters

The firm's inquiries are fueled by the repercussions following the company's critical disclosures on December 31, 2024, which came through a report filed with the U.S. Securities and Exchange Commission (SEC). This current report revealed that the Board of Directors at Tungray Technologies determined that their financial statements for the three consecutive fiscal years ending December 31, 2023, 2022, and 2021 should no longer be deemed reliable. These statements had previously been included in their Annual Report filed in April 2024.

In their statement, the company emphasized that all related reports, such as press releases and communications regarding their financial standing during this period, should also be disregarded. This shake-up raises concerns over the veracity of the company's public disclosures and investor trust.

The Class Action Opportunity

For those who invested in Tungray Technologies securities, there could be a chance for legal recourse without the burden of upfront fees or costs. The Rosen Law Firm is preparing to initiate a class action lawsuit aimed at recovering financial losses sustained by investors due to the seemingly negligent actions of Tungray Technologies.

Potential class members are encouraged to approach the law firm for more information regarding their eligibility in joining the class action. Investors can easily submit their information online or reach out directly to attorney Phillip Kim, who is handling the class action case, via a toll-free contact number.

Selecting the Right Legal Representation

As noted by the Rosen Law Firm, it is crucial for investors to select qualified legal counsel experienced in managing securities class actions. The firm positions itself as a leader in this sphere, stating that numerous firms often lack the relevant experience or resources to effectively litigate such cases. With a strong track record of securing settlements in favor of investors, the Rosen Law Firm has proven its ability to navigate complex class action lawsuits successfully.

Their reputation is highlighted by their past achievements, including the largest ever securities class action settlement against a Chinese company and a consistent ranking amongst the top law firms for obtaining class action settlements in recent years. In 2019 alone, they recovered over $438 million for investors, underscoring their capability and dedication to protecting shareholder rights.

Conclusion

If you've invested in Tungray Technologies or are concerned about your investment's validity following these alarming disclosures, it might be worthwhile to explore your options with the Rosen Law Firm. The potential for recovery through a class action lawsuit could provide some measure of financial vindication for affected shareholders. Stay informed and consider seeking counsel that specializes in securities litigation, as it may significantly impact your investment's future.

For more updates regarding this investigation or to ensure you do not miss crucial announcements, follow the Rosen Law Firm on platforms like LinkedIn, Twitter, and Facebook.