ROSEN, INVESTOR COUNSEL, Encourages Paycom Software, Inc. Investors to Inquire About Securities Class Action Investigation – PAYC

NEW YORK, Nov. 09, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Paycom Software, Inc. (NYSE: PAYC) resulting from allegations that Paycom may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Paycom 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.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=20233 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On October 31, 2023, after market hours, Paycom reported its financial results for the third quarter of 2023 and provided financial projections for 2024. In response to Paycom’s reported financial results and projections, MarketWatch released an article entitled “Paycom’s stock plunges 32% as payroll company whiffs on earnings outlook”, which stated that “Paycom expects 10% to 12% revenue growth in 2024. Analysts had previously been modeling a 21% rise. Then on November 1, 2023, during market hours, Reuters released an article entitled “Paycom’s weak revenue forecast hammers stock to nearly five-year low.” The article stated that “[c]ompany executives said a jump in usage of its flagship product Beti, which increases efficiency for clients by letting their employees do their own payroll, was ‘cannibalizing’ some revenues it would have otherwise earned.”

On this news, Paycom’s stock price fell $94.28 per share, or 38%, to close at $150.69 per share on November 1, 2023, on unusually heavy trading volume.

WHY ROSEN LAW: 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 litigate securities class actions. 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’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8977074

ROSEN, TRIAL COUNSEL, Encourages James River Group Holdings, Ltd. Investors to Inquire About Securities Class Action Investigation – JRVR

NEW YORK, Nov. 09, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of James River Group Holdings, Ltd. (NASDAQ: JRVR) resulting from allegations that James River may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased James River 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.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=20268 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On November 8, 2023, before market hours, James River announced non-reliance on previously issued financial statements or a related audit report or completed interim review. The press release stated, “[i]n preparing its Quarterly Report on Form 10-Q for the period ended September 30, 2023, management of the Company identified an error in the accounting for reinstatement premium on a specialty casualty reinsurance treaty in its Excess & Surplus Lines segment in the Company’s previously issued condensed consolidated financial statements as of and for the three and six months ended June 30, 2023. This error resulted in understatements of ceded written premium, and overstatements of net written premium and net earned premium of $9.4 million and $12.3 million, respectively, and overstatements of net income of $7.8 million and $10.4 million, respectively within the condensed consolidated statements of income and comprehensive income (loss) for the three and six months ended June 30, 2023, as well as corresponding effects on the condensed consolidated balance sheet and consolidated statements of changes in shareholders’ equity as of and for the three and six months ended June 30, 2023. The Company’s management has assessed the effect of the foregoing on the Company’s internal control over financial reporting and disclosure controls and procedures. The Company’s control over the review of the determination of when reinstatement premiums for reinsurance should be recognized did not operate effectively as of March 31, 2023 and June 30, 2023 resulting in a material weakness in the Company’s internal control over financial reporting.”

On this news, James River’s stock price fell $0.99 per share, or 7%, to close at $13.15 per share on November 8, 2023.

WHY ROSEN LAW: 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 litigate securities class actions. 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’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8977072

XPEL INVESTOR ALERT: ROSEN, NATIONAL TRIAL LAWYERS, Encourages XPEL, Inc. Investors to Inquire About Securities Class Action Investigation – XPEL

NEW YORK, Nov. 09, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of XPEL, Inc. (NASDAQ: XPEL) resulting from allegations that XPEL may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased XPEL 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.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=20245 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On October 19, 2023, Culper Research released a report on XPEL. In this report, Culper stated that it was shorting XPEL stock because it believed “the Company has grossly understated its reliance on Tesla”, and because it believed “the Company is concealing a massive undisclosed risk from its primary supplier which threatens to upend the Company’s entire reason for being.”

On this news, XPEL stock declined by $10.57 per share, or 17.2% on October 19, 2023.

WHY ROSEN LAW: 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 litigate securities class actions. 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’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8977068

UN to Honor Fallen Staff with Half-Mast Flags and Moment of Silence

New York – The United Nations has announced a commemoration for its staff members who have perished in the ongoing Middle East conflict.

According to Jordan News Agency, spokesman of the UN Secretary-General, this tribute will be observed at the UN’s daily press conference. The UN will lower its flags to half-mast at its headquarters in New York and at all of its offices worldwide. Alongside this symbolic gesture, there will also be a minute of silence announced as part of the memorial. This service is scheduled to take place on November 13, marking a solemn moment of remembrance and respect for those who have lost their lives in the line of duty amidst the turmoil in the Middle East.

Israel Detains Over 2,400 Palestinians in West Bank Since October

West Bank – In recent developments, Israel has detained more than 2,400 Palestinians in the occupied West Bank since October 7, including 90 arrests made today. This information was provided by the Palestinian Prisoners’ Club in a statement.

According to Jordan News Agency, the arrest campaign has not only involved detentions but also widespread sabotage and destruction of civilian homes. They also reported the use of some citizens as human shields and the arrest of groups of citizens as hostages. The Club’s statement, posted on its Facebook page, detailed severe beatings, threats, and abuse directed towards detainees and their families during the operations by the occupation forces.

The continuous arrest campaigns are said to be a part of a larger strategy of aggression against the Palestinian people, coinciding with what is described as an ongoing genocide in the Gaza Strip. These developments highlight the escalating tensions and severe humanitarian concerns in the region.

Jordanians Rally in Amman in Support of Palestinians

Amman – In a significant show of solidarity, Jordanians gathered in downtown Amman, rallying after Friday prayer in front of the Al-Husseini Mosque. The demonstration was a public expression of support for the Palestinians amidst the ongoing conflict.

According to Jordan News Agency, the protestors vocally condemned the bombardment of the Gaza Strip by Israeli occupation forces, which has affected infrastructure, religious sites, schools, and hospitals. They expressed frustration over the perceived global inaction and double standards regarding the war and its consequences. The demonstrators called for strong international and Arab intervention against the ongoing violence.

Participants, waving both Jordanian and Palestinian flags, urged Jordan to discontinue all forms of engagement with Israel, while also commending the country’s stance on the issue. Moreover, they stressed the need to support the resilience of the Palestinian people in Gaza. The protestors highlighted the urgency of opening crossings to facilitate the delivery of humanitarian aid to Gaza’s residents, who face severe threats including forced relocation and genocide.

In addition to the central demonstration in Amman, similar protests were reported in other parts of the city, including in front of the Al-Kalouti Mosque, and in the port city of Aqaba, indicating a widespread sentiment among Jordanians in support of the Palestinian cause.

Jordan and Malaysia Address Gaza Crisis in Riyadh Meeting

Riyadh – Jordan’s Deputy Prime Minister and Minister of Foreign Affairs and Expatriates, Ayman Safadi, engaged in crucial discussions with his Malaysian counterpart, Zambry Abdul Kadir, regarding the ongoing situation in the Gaza Strip. The meeting occurred on Friday, on the sidelines of a ministerial-level gathering in Riyadh, which was in preparation for a special session of the Arab League Council.

According to Jordan News Agency, the two ministers focused on intensifying efforts to halt the violent conflict in Gaza and address the resulting humanitarian crisis. They emphasized the importance of ensuring that the Palestinian people in Gaza receive adequate and timely humanitarian aid. Additionally, the upcoming summit in Riyadh, Saudi Arabia, was mentioned as a significant event where the Israeli aggression against Palestinians and the responses by Arab nations will be a central topic of discussion.

Jordanian and Pakistani Foreign Ministers Discuss Gaza Crisis in Riyadh

Riyadh – Ayman Safadi, Jordan’s Deputy Prime Minister and Minister of Foreign Affairs and Expatriates, met with his Pakistani counterpart, Bilawal Bhutto Zardari, in Riyadh to discuss the ongoing crisis in Gaza. The meeting, which took place ahead of the eighth extraordinary Islamic summit in Saudi Arabia, focused on efforts to deliver humanitarian supplies to Palestinians in Gaza and to bring an end to the war in the region.

According to Jordan News Agency, there was a significant emphasis on building upon the resolution of the United Nations General Assembly. This resolution highlights the urgency of ending the war, protecting civilians, and adhering to legal and humanitarian obligations. The talks underscored the critical need for international cooperation and action to address the dire situation in Gaza and ensure the provision of essential aid to those affected by the conflict.

Jordan’s Prince Rashid Advocates for Gaza Ceasefire and Increased Aid at Paris Conference

Paris – In a concerted effort to address the escalating situation in Gaza, His Royal Highness Prince Rashid bin El Hassan, a senior Jordanian official, engaged in several key discussions at the Paris international humanitarian conference on Gaza.

According to Jordan News Agency, these meetings took place on Thursday, involving high-level global representatives.

Prince Rashid met with prominent figures including Ireland’s Taoiseach Leo Eric Varadkar, Canada’s International Development Minister Ahmed Hussen, the World Food Programme’s Deputy Executive Director Carl Skau, and Uzra Zeya, the US State Department’s Under Secretary for Civilian Security, Democracy, and Human Rights. During these meetings, he reiterated Jordan’s stance on the need for an immediate ceasefire in Gaza. His Royal Highness emphasized the urgency of increasing humanitarian and medical assistance to the region and the establishment of new humanitarian corridors.

Furthermore, Prince Rashid highlighted Jordan’s steadfast commitment to supporting the Palestinian people in their quest for their just and legitimate rights. He underscored ongoing Jordanian efforts to provide aid to Gazans, stressing the critical need for fuel provision in Gaza and the effective distribution of relief aid. His Royal Highness also advocated for measures to ensure clean water access for the Gaza population.

The discussions extended to the importance of coordinating international humanitarian agency efforts to precisely identify and address the needs in Gaza. Additionally, Prince Rashid called for the protection of Palestinians in the West Bank against violations, underlining the broader scope of the challenges faced by Palestinians in the region.

Gaza Conflict Death Toll Surpasses 11,000

Gaza – The Ministry of Health in Gaza has reported that the death toll from the ongoing conflict in Gaza has now exceeded 11,000.

According to Jordan News Agency, the fatalities include 4,506 children, 3,027 women, and 678 elderly individuals. Additionally, there are reports of 2,700 people missing, of which 1,500 are children. The ministry also stated that the number of those injured in the conflict has risen to 27,490, largely as a result of the Israeli airstrikes on the besieged enclave. This escalating toll reflects the severe impact of the conflict on the civilian population, particularly on vulnerable groups such as children, women, and the elderly.

UN Security Council Convenes for Seventh Time Over Gaza War

New York – The United Nations Security Council is scheduled to convene tonight to deliberate on the persistent war in Gaza.

According to Jordan News Agency, the meeting aims to foster a consensus among the 15-member body regarding the ongoing conflict. The United Arab Emirates, a member of the Council, initiated the call for this session, highlighting the exacerbating health crisis in the region, which has been worsened by repeated assaults on medical facilities.

This marks the seventh instance since October 7 that the Security Council has gathered to address the current war in Gaza, indicating the gravity and complexity of the situation. The Council’s efforts are part of a broader international endeavor to mitigate the conflict and address its humanitarian repercussions.

Gaza School Bombardment Results in 50 Fatalities

Gaza – In a recent statement, Mohammad Abu Salmiyah, the Director of Al-Shifa Hospital, announced the recovery of 50 individuals from Al-Buraq School in Gaza.

According to Jordan News Agency, this followed a missile and artillery attack by Israeli forces, which specifically targeted the educational facility. The announcement was made on Friday, revealing the extent of the latest incident in the ongoing conflict.

Abu Salmiyah noted that the majority of the casualties were children, women, and elderly persons. This event adds another layer to the intensifying humanitarian crisis in Gaza. The ongoing Israeli military offensive, comprising both aerial and ground operations, has repeatedly targeted civilian infrastructure, including schools, exacerbating the suffering and displacement of civilians in the region.