{"id":91871,"date":"2023-10-06T16:24:35","date_gmt":"2023-10-06T16:24:35","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=113222"},"modified":"2023-10-06T16:24:35","modified_gmt":"2023-10-06T16:24:35","slug":"rosen-a-ranked-and-leading-firm-encourages-gigacloud-technology-inc-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-gct","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/rosen-a-ranked-and-leading-firm-encourages-gigacloud-technology-inc-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-gct\/","title":{"rendered":"ROSEN, A RANKED AND LEADING FIRM, Encourages GigaCloud Technology Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action \u2013 GCT"},"content":{"rendered":"

NEW YORK, Oct. 06, 2023 (GLOBE NEWSWIRE) —<\/p>\n

WHY:\u00a0<\/strong>Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of GigaCloud Technology Inc. (NASDAQ: GCT): (i) Class A ordinary shares pursuant and\/or traceable to the registration statement and prospectus issued in connection with the Company\u2019s August 2022 initial public offering (\u201cIPO\u201d or the \u201cOffering\u201d); and\/or (ii) securities between August 18, 2022 and September 27, 2023, both dates inclusive (the \u201cClass Period\u201d). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court\u00a0no later than December 4, 2023.<\/strong><\/p>\n

SO WHAT:<\/strong>\u00a0If you purchased GigaCloud securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.<\/p>\n

WHAT TO DO NEXT:\u00a0<\/strong>To join the GigaCloud class action, go to\u00a0https:\/\/rosenlegal.com\/submit-form\/?case_id=19098<\/a>\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\u00a0pkim@rosenlegal.com<\/a>\u00a0or\u00a0cases@rosenlegal.com<\/a>\u00a0for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court\u00a0no later than December 4, 2023<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.<\/p>\n

WHY ROSEN LAW:\u00a0<\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

DETAILS OF THE CASE:\u00a0<\/strong>According to the lawsuit, defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about GigaCloud’s business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) GigaCloud’s business is a fraction of what it publicly claims, as evidenced by staffing and activity levels at its warehouses; (2) GigaCloud overstated its last-mile operations; (3) GigaCloud engaged in undisclosed related party transactions; (4) that, as a result, GigaCloud’s financial results were overstated; and (5) as a result of the foregoing, GigaCloud’s positive statements about GigaCloud’s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

To join the GigaCloud class action, go to\u00a0https:\/\/rosenlegal.com\/submit-form\/?case_id=19098<\/a>\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\u00a0pkim@rosenlegal.com<\/a>\u00a0or\u00a0cases@rosenlegal.com<\/a>\u00a0for information on the class action.<\/p>\n

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.<\/p>\n

Follow us for updates on LinkedIn:\u00a0https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter:\u00a0https:\/\/twitter.com\/rosen_firm<\/a>\u00a0or on Facebook:\u00a0https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————–<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n

GlobeNewswire Distribution ID 8945174<\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Oct. 06, 2023 (GLOBE NEWSWIRE) \u2014 WHY:\u00a0Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of GigaCloud Technology Inc. (NASDAQ: GCT): (i) Class A ordinary shares pursuant and\/or traceable to the registration statement and prospectus issued in connection with the Company\u2019s [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,52,415],"tags":[],"yoast_head":"\nROSEN, A RANKED AND LEADING FIRM, Encourages GigaCloud Technology Inc. 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