{"id":78188,"date":"2022-09-05T05:15:40","date_gmt":"2022-09-05T05:15:40","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=97487"},"modified":"2022-09-05T05:15:40","modified_gmt":"2022-09-05T05:15:40","slug":"rosen-global-investor-counsel-encourages-tuya-inc-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-tuya","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/rosen-global-investor-counsel-encourages-tuya-inc-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-tuya\/","title":{"rendered":"ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Tuya Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action \u2013 TUYA"},"content":{"rendered":"
\n

NEW YORK, Sept. 04, 2022 (GLOBE NEWSWIRE) — WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Tuya Inc. (NYSE: TUYA) pursuant and\/or traceable to the registration statement and related prospectus (collectively, the \u201cRegistration Statement\u201d) issued in connection with Tuya\u2019s March 2021 initial public offering (the \u201cIPO\u201d) of the important October 11, 2022 lead plaintiff deadline<\/strong>.<\/p>\n

SO WHAT:<\/strong> If you purchased Tuya securities pursuant and\/or traceable to the Registration Statement 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: <\/strong>To join the Tuya class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=7007<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for 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 no later than October 11, 2022<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.<\/p>\n

WHY ROSEN LAW: <\/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. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. <\/strong>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: <\/strong>According to the lawsuit, the IPO Registration Statement featured false and\/or misleading statements and\/or failed to disclose that: (1) a material portion of Tuya\u2019s China-based customers were engaged in the widespread and systematic manipulation of reviews and product offerings in violation of Amazon.com\u2019s terms of use; (2) prior to the IPO, a consumer investigation and data breach had exposed an illicit fake review scheme being perpetrated by many of Tuya\u2019s clients, among others, which included, among other things, the exposure of 13 million records of organized fake review scams linked to over 200,000 Amazon account profiles; (3) as a result, there was a substantial risk that a material portion of Tuya\u2019s significant customers would be barred from using Amazon.com\u2019s platform, negatively impacting Tuya\u2019s business, revenue, earnings, and prospects; and (4) as such, the IPO\u2019s Registration Statement\u2019s representations regarding Tuya\u2019s historical financial and operational metrics and purported market opportunities and expected growth did not accurately reflect the actual business, operations, financial results, and trajectory of Tuya at the time of the IPO. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

To join the Tuya class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=7007<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for 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: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/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<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Sept. 04, 2022 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Tuya Inc. (NYSE: TUYA) pursuant and\/or traceable to the registration statement and related prospectus (collectively, the \u201cRegistration Statement\u201d) issued in connection with Tuya\u2019s March 2021 initial public offering (the \u201cIPO\u201d) of [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,53,343],"tags":[],"yoast_head":"\nROSEN, GLOBAL INVESTOR COUNSEL, Encourages Tuya Inc. 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