{"id":92688,"date":"2023-02-24T05:30:58","date_gmt":"2023-02-24T05:30:58","guid":{"rendered":"http:\/\/lebanonnewsgazette.com\/?guid=64f536bb5e56307a2c78090a662d25cb"},"modified":"2023-02-24T05:30:58","modified_gmt":"2023-02-24T05:30:58","slug":"rosen-globally-recognized-investor-counsel-encourages-bright-green-corporation-investors-to-inquire-about-class-action-investigation-bgxx","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/rosen-globally-recognized-investor-counsel-encourages-bright-green-corporation-investors-to-inquire-about-class-action-investigation-bgxx\/","title":{"rendered":"ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages Bright Green Corporation Investors to Inquire About Class Action Investigation \u2013 BGXX"},"content":{"rendered":"
\n

NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) — WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Bright Green Corporation (NASDAQ: BGXX) resulting from allegations that Bright Green may have issued materially misleading business information to the investing public.<\/p>\n

SO WHAT:<\/strong> If you purchased Bright Green securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the prospective class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=11980<\/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

WHAT IS THIS ABOUT:<\/strong> On June 2, 2022, Green Market Report (\u201cGreen Market\u201d) published a report entitled \u201cBright Green Former CEO Claims Valuation Fraud,\u201d which stated that the Company \u201cinvolves a burned-down building, a years-long battle with the state of New Mexico, a bankruptcy case, and an angry former CEO who is accusing the company of fraud.\u201d John Stockwell, listed CEO in 2017, filed for bankruptcy in the state of New Mexico in 2017. After a greenhouse fire \u201cdevastated Stockwell financially,\u201d the reported stated that \u201cgreenhouses were transferred to Lynn Stockwell who then transferred the property to Bright Green.\u201d In addition, the report stated that Bright Green\u2019s former CEO John Fikany is suing the company, alleging \u201cBright Green was a \u201csham, operated illegally and fraudulently.\u201d He alleges that the Stockwell\u2019s \u201cengaged in acts of fraudulent misrepresentation and attempted to force Fikany to aid and abet them in making fraudulent misrepresentations to investors concerning the valuation and progress of Bright Green Corporation.\u201d<\/p>\n

On this news, Bright Green\u2019s stock price fell 15% to close at $3.04 per share on June 3, 2022.<\/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. 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

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

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Laurence 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
\n
lrosen@rosenlegal.com<\/a>
\n
pkim@rosenlegal.com<\/a>
\n
cases@rosenlegal.com<\/a>
\n
www.rosenlegal.com<\/a><\/p>\n

GlobeNewswire Distribution ID 8755966<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Feb. 23, 2023 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Bright Green Corporation (NASDAQ: BGXX) resulting from allegations that Bright Green may have issued materially misleading business information to the investing public. 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