Rosen Law Firm Investigates Tungray Technologies for Potential Securities Violations and Class Action Suit
The Rosen Law Firm, a well-known law firm specialized in protecting the rights of investors, has recently initiated an investigation regarding Tungray Technologies Inc. (NASDAQ: TRSG). This investigation focuses on potential securities claims that may arise from the company's alleged issuance of materially misleading information to the public and its shareholders.
Investors who purchased securities from Tungray Technologies may be eligible for compensation without any out-of-pocket costs, thanks to a contingency fee arrangement offered by the firm. If you fall under this category, it's essential to understand the seriousness of this matter and the actions you can take to potentially recover your losses.
The concern for investors heightened after Tungray Technologies filed a report with the U.S. Securities and Exchange Commission (SEC) on December 31, 2024. This report stated that on December 30, the company’s Board of Directors, upon the recommendation of the Audit Committee and after discussions with management, determined that the company’s financial statements for the years ending December 31 for 2023, 2022, and 2021 are no longer reliable. Notably, this decision affects related reports, press releases, earnings releases, and any investor communications that describe the company's financials during these periods. These revelations raise crucial issues regarding transparency and the integrity of financial reporting at Tungray Technologies.
Due to these circumstances, Rosen Law Firm is preparing to file a class action lawsuit meant to recover losses from investors who bought in during this time. Investors will need to act promptly; those interested in becoming part of this class action should visit the firm's website or contact Phillip Kim, Esq., for further details.
This situation underscores the importance of thorough legal representation for investors facing potential losses due to corporate misconduct. The Rosen Law Firm prides itself on its long-standing reputation and track record of successful settlements for investors. Having achieved notable recoveries in past class action lawsuits against companies, they have garnered recognition within the legal community for their effectiveness. In fact, the firm was ranked No. 1 by ISS Securities Class Action Services for the number of class action settlements, with hundreds of millions of dollars recovered for investors in past years.
Furthermore, in 2019 alone, the firm was able to secure over $438 million for investors, showcasing its commitment and effectiveness in fighting for investor rights. Their expertise places them among the elite in this field, marking them as a top choice for investors seeking justice. Founding partner Laurence Rosen's acknowledgment as a 'Titan of Plaintiffs’ Bar' by Law360 in 2020 serves as a testament to the firm's respected standing and capability in litigation.
It is imperative for investors to be vigilant and select legal counsel with not just a pedigree but demonstrable resources and peer recognition in this realm. Many firms that send out notices may not have the same level of experience or commitment to clients as the Rosen Law Firm. Investors should be wise when choosing legal representation, ensuring they align themselves with firms that will aggressively pursue their interests.
If you want to stay updated on developments regarding Tungray Technologies or the class action lawsuit, follow the Rosen Law Firm on their various social media channels, including LinkedIn, Twitter, and Facebook. Stay informed and proactive about the situation to protect your investment.
This particular investigation and potential class action serve as a critical reminder of the complexity and risks involved in securities investments. Should you find yourself impacted by the recent developments at Tungray Technologies, do not hesitate to seek the advice of qualified legal professionals who can guide you through the process of pursuing your rights.
Investors who purchased securities from Tungray Technologies may be eligible for compensation without any out-of-pocket costs, thanks to a contingency fee arrangement offered by the firm. If you fall under this category, it's essential to understand the seriousness of this matter and the actions you can take to potentially recover your losses.
The concern for investors heightened after Tungray Technologies filed a report with the U.S. Securities and Exchange Commission (SEC) on December 31, 2024. This report stated that on December 30, the company’s Board of Directors, upon the recommendation of the Audit Committee and after discussions with management, determined that the company’s financial statements for the years ending December 31 for 2023, 2022, and 2021 are no longer reliable. Notably, this decision affects related reports, press releases, earnings releases, and any investor communications that describe the company's financials during these periods. These revelations raise crucial issues regarding transparency and the integrity of financial reporting at Tungray Technologies.
Due to these circumstances, Rosen Law Firm is preparing to file a class action lawsuit meant to recover losses from investors who bought in during this time. Investors will need to act promptly; those interested in becoming part of this class action should visit the firm's website or contact Phillip Kim, Esq., for further details.
This situation underscores the importance of thorough legal representation for investors facing potential losses due to corporate misconduct. The Rosen Law Firm prides itself on its long-standing reputation and track record of successful settlements for investors. Having achieved notable recoveries in past class action lawsuits against companies, they have garnered recognition within the legal community for their effectiveness. In fact, the firm was ranked No. 1 by ISS Securities Class Action Services for the number of class action settlements, with hundreds of millions of dollars recovered for investors in past years.
Furthermore, in 2019 alone, the firm was able to secure over $438 million for investors, showcasing its commitment and effectiveness in fighting for investor rights. Their expertise places them among the elite in this field, marking them as a top choice for investors seeking justice. Founding partner Laurence Rosen's acknowledgment as a 'Titan of Plaintiffs’ Bar' by Law360 in 2020 serves as a testament to the firm's respected standing and capability in litigation.
It is imperative for investors to be vigilant and select legal counsel with not just a pedigree but demonstrable resources and peer recognition in this realm. Many firms that send out notices may not have the same level of experience or commitment to clients as the Rosen Law Firm. Investors should be wise when choosing legal representation, ensuring they align themselves with firms that will aggressively pursue their interests.
If you want to stay updated on developments regarding Tungray Technologies or the class action lawsuit, follow the Rosen Law Firm on their various social media channels, including LinkedIn, Twitter, and Facebook. Stay informed and proactive about the situation to protect your investment.
This particular investigation and potential class action serve as a critical reminder of the complexity and risks involved in securities investments. Should you find yourself impacted by the recent developments at Tungray Technologies, do not hesitate to seek the advice of qualified legal professionals who can guide you through the process of pursuing your rights.
Topics Financial Services & Investing）
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