Investigation into Tungray Technologies Inc: A Call for Investors to Act
The Rosen Law Firm, a prominent player in the investor rights landscape, has officially announced an investigation aimed at uncovering potential securities claims on behalf of shareholders of Tungray Technologies Inc (NASDAQ: TRSG). This announcement comes following alarming allegations that the company may have disseminated materially false information to the investing public, potentially impacting its stock performance and investor interest.
What Led to This Investigation?
On December 31, 2024, Tungray Technologies filed a current report with the U.S. Securities and Exchange Commission (SEC) under Form 6-K. The report detailed that the company's financial statements for the fiscal years concluding on December 31 for 2023, 2022, and 2021, previously included in its Annual Report on Form 20-F filed in April 2024, were determined by the Board of Directors, following audits and consultations, to be unreliable. This determination raises serious questions about the integrity of Tungray's financial reporting and its implications for investors.
The revelation that previous communications regarding financial statements should no longer be relied upon poses significant risks for investors. It suggests that many may have acted on misleading information, leading to potential financial losses.
The Call to Action for Investors
Investors who've acquired securities of Tungray Technologies are urged to understand their legal rights, especially since they may be entitled to compensation without incurring any out-of-pocket costs. Rosen Law Firm operates on a contingency fee basis, meaning no fees are applicable unless a recovery is made.
Those interested in joining the prospective class action can find further details at
Rosen Law Firm's website or contact Phillip Kim, Esq., at 866-767-3653. Contributors can also email inquiries directly to the firm for guidance on their potential claims.
Rosen Law's Track Record and Reputation
Rosen Law Firm emphasizes the importance of selecting qualified legal counsel, highlighting their extensive experience in securities class actions. The firm has established a solid reputation, being recognized as a leading entity in this legal arena. Notably, they achieved the largest ever securities class action settlement against a foreign company at the time and consistently rank among the top in securing settlements for investors.
In 2019, Rosen Law Firm secured over $438 million for investors alone, further solidifying their status as trusted advocates for shareholders. Their founder, Laurence Rosen, has earned accolades such as being named a Titan of the Plaintiffs' Bar by Law360 in 2020, a recognition reflecting the firm's dedication to investor rights and legal excellence.
Conclusion
The ongoing developments surrounding Tungray Technologies indicate a critical moment for affected shareholders. Investors are strongly advised to seek out legal representation that has a proven success record in order to navigate the complexities of securities law effectively. Keeping an eye on updates from Rosen Law Firm via their social media channels on LinkedIn, Twitter, and Facebook will also be beneficial for interested parties.
In summary, if you have invested in Tungray Technologies Inc., your legal rights may be at stake, and taking immediate action could be crucial to recover possible losses. Stay informed, act wisely, and ensure you are represented by legal professionals who understand the complexities of securities litigation.