ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Abbott Laboratories Investors With Losses to Secure Counsel Before Important Deadline in Securities Class Action – ABT

NEW YORK, Sept. 03, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Abbott Laboratories (NYSE: ABT) between February 19, 2021 and June 8, 2022, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than October 31, 2022.

SO WHAT: If you purchased Abbott 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.

WHAT TO DO NEXT: To join the Abbott class action, go to https://rosenlegal.com/submit-form/?case_id=8453 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 31, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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. 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.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) according to the U.S. Food and Drug Administration (“FDA”), Abbott had “egregiously unsanitary” conditions at its Sturgis, Michigan facility which produced nearing half of Abbott’s various forms of infant formula under the brands Similac, Alimentum, and EleCare; (2) as a result, Abbott’s infant formula business was in dire jeopardy given the flagrant violations of federal and state health and safety regulations; (3) based on inspections by the FDA between 2019 and 2022, Abbott failed to establish process controls “designed to ensure that infant formula does not become adulterated due to the presence of microorganisms in the formula or in the processing environment” and Abbott also failed to “ensure that all surfaces that contacted infant formula were maintained to protect infant formula from being contaminated by any source”; (4) the unhygienic conditions of the Sturgis facility resulted in the recall of Abbott’s infant formula and closure of the Sturgis facility; and (5) as a result, defendants’ public statements about Abbott’s business, operations, and prospects were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Abbott class action, go to https://rosenlegal.com/submit-form/?case_id=8453 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

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’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

PM hopes 2022 UN Flash Appeal for flood response to meet relief funding requirements

Prime Minister Muhammad Shehbaz Sharif has expressed the hope that “2022 UN Flash Appeal” for the Pakistan flood response would contribute towards meeting the relief funding requirements in the country.

The hope was expressed during a telephone call received from President of Sri Lanka, Ranil Wickremesinghe.

President Ranil Wickremesinghe offered sympathies on the widespread devastation caused by the recent floods in Pakistan and condoled with the Prime Minister the loss of lives.

He expressed solidarity with the Government and people of Pakistan braving the unforeseen natural calamity with resolve.

Shehbaz Sharif thanked President Ranil Wickremesinghe for his compassion and expression of support in these testing times and briefed him on the large-scale destruction caused across Pakistan by unprecedented rainfall resulting in floods and landslides.

The Prime Minister highlighted that the floods have caused extensive loss of human lives, livelihoods, livestock, crops, property, and critical infrastructure.

Prime Minister also apprised Sri Lankan President of the Government’s well-coordinated humanitarian response including the establishment of a Relief Fund in which people in Pakistan and overseas can donate to the flood relief efforts.

He reiterated the need for enhanced awareness in the international community about the scale of the floods which have deluged one-third of the country.

The Prime Minister also felicitated President Ranil Wickremesinghe on his election as the new President of Sri Lanka.

The two leaders expressed the desire to further strengthen the fraternal relations between Pakistan and Sri Lanka in areas of mutual interest.

Source: Radio Pakistan

District Administration orders to evacuate area after Manchar Lake rises to dangerous level

The District Administration Jamshoro has issued an order to evacuate the area following the wave wash and increasing water level in Manchar Lake.

According to official directive issued by Deputy Commissioner, the embankments of Manchar Lake are likely to break at any time, so people are requested to evacuate the area and sbould go on safe places.

He further said that there is pressure on the dam of Manchar Lake from RD 54 to RD 58 and the water level in the lake started to rise.

Source: Radio Pakistan

Imran Khan focusing on his own politics instead of helping flood victims: Marriyum

Minister for Information and Broadcasting Marriyum Aurangzeb says Imran Khan is focusing on his own politics instead of helping the flood victims.

Responding to Imran Khan’s statement, she said the PTI Chief does not want to bring a system of justice, but he desires to introduce a system of revenge.

The Minister said conspiracy of Imran Khan has failed and Pakistan is moving towards stability.

Source: Radio Pakistan

35 flights carrying relief items have landed in Pakistan so far

Thirty five flights carrying relief items have landed in Pakistan so far, to help flood affected people in the country.

These include 14 flights from the United Arab Emirates, 11 from Turkiye, four from China, three from Qatar, and one each from Uzbekistan, France and UN International Children’s Emergency Fund.

The flights contained relief items including tents, food and medical supplies.

Meanwhile, in continuation of humanitarian air bridge established between Pakistan and the United Arab Emirates, second relief flight was received at Nur Khan Airbase, Rawalpindi on Sunday.

This is the 15th flight from the UAE so far, to have landed in Pakistan carrying food, medical supplies and tents for flood affected people in the country.

Pakistan has expressed gratitude to the Government and people of UAE for showing support and solidarity in these times of grave crisis.

Source: Radio Pakistan