Rosen Law Firm Investigates Tungray Technologies for Potential Securities Fraud Claims

Investor Alert: Rosen Law Firm's Investigation of Tungray Technologies Inc

The Rosen Law Firm, a globally recognized law firm specializing in investor rights, has recently announced an investigation that could have significant implications for shareholders of Tungray Technologies Inc. The firm’s inquiry focuses on potential securities fraud claims against the company, which trades under NASDAQ ticker TRSG. This investigation stems from allegations suggesting that Tungray Technologies may have disseminated materially misleading business information to the public, raising concerns among investors and stakeholders alike.

Background of the Investigation

The pivotal moment that triggered this investigation occurred on December 31, 2024, when Tungray Technologies filed a current report with the U.S. Securities and Exchange Commission (SEC). In this report, the Board of Directors announced that the company's financial statements for the fiscal years ending December 31, 2021, 2022, and 2023 were no longer reliable. These statements had been included in the Annual Report on Form 20-F, which was submitted to the SEC back in April 2024. The implications of this admission are profound, as it calls into question the accuracy of the company’s previous communications regarding its financial health and performance.

Understanding Your Rights as an Investor

For investors who acquired Tungray Technologies' securities, this unfolding situation presents the opportunity to potentially claim compensation. Notably, the Rosen Law Firm emphasizes that those interested in participating in the class action do not have to incur any out-of-pocket expenses due to a contingency fee arrangement. Essentially, financial recovery could be pursued without initial payment from the investors, thereby lowering the financial barrier to justice.

Moreover, the firm is actively preparing a class action that aims to recover the losses that shareholders have endured as a result of the company’s alleged misleading practices. To join the prospective class action, interested shareholders are encouraged to visit the firm's dedicated page or contact the firm's attorney, Phillip Kim, via the contact details provided.

Why Engage with Experienced Counsel?

The Rosen Law Firm advocates for investors to align with legal counsel possessing a proven record in handling securities class actions. They highlight that while many firms may issue notices related to these types of claims, there’s no guarantee they possess the necessary legal expertise, resources, or recognition that is vital in effectively navigating such complex litigation. In light of the Rosen Law Firm's history—having secured the largest settlement in a securities class action against a Chinese company and consistently being ranked among the leading firms in this field—the firm is well-positioned to support investors through this process. The urgency of selecting competent legal counsel cannot be understated, given the potential repercussions on investor rights.

Conclusion and Next Steps

As the situation evolves, the Rosen Law Firm remains committed to keeping shareholders updated on the progress of the investigation and the class action. Shareholders of Tungray Technologies are advised to remain vigilant and consider the impact of these developments on their investments. The firm encourages those affected to take swift action to safeguard their rights and possibly recover their losses. For continued updates, follow Rosen Law Firm across various social media platforms, including LinkedIn and Twitter.

By being proactive, investors can navigate this uncertain time with informed strategies and potentially recover lost funds through this ongoing investigation.