ROSEN, LEADING TRIAL ATTORNEYS, Encourages Plug Power Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PLUG


WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Plug Power Inc. (NASDAQ: PLUG) between August 9, 2022 and March 1, 2023, both dates inclusive (the “Class Period”) of the important June 12, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Plug Power common stock 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 Plug Power class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email or 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 June 12, 2023. 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. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. 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: The lawsuit alleges that, throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts, about Plug’s business and operations. Specifically, defendants misrepresented and/or failed to disclose that Plug was unable to effectively manage its supply chain and product manufacturing, resulting in reduced revenues and margins, increased inventory levels, and several large deals being delayed until at least 2023, among other issues. As a result, defendants’ statements about Plug Power’s business, operations, prospects, and ability to effectively manage its supply chain and production lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Plug Power class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email or 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

GlobeNewswire Distribution ID 8846734

Pakistan: Poor suffer as cash crunch hits charity projects

With Pakistan in dire straits due to loan delays by international financial institutions, its charity sector is particularly hard hit by cash shortages.

Ghazi Khan has resumed sleeping on the street as authorities have closed down shelters in Quetta, the capital city of the southwestern Balochistan province.

Until recently, the 61-year-old manual worker, whose wife, only son and grandchildren live away in his native Mastung area, used to spend nights at the Spinny Road Panahgah (shelter home) and eat at the adjacent Langar Khana (soup kitchen).

However, that is no longer the case.

"I work at the vegetable market to load goods onto trucks and earn paltry sums daily, so [renting a] room is out of the question. [Former Prime Minister Imran] Khan gave homeless people like me the roof [Panahgahs] to sleep under at night but the current government snatched it from us and therefore, we all are back in the open to nap and sleep," he told DW.

The Panahgah closures in the city also forced Parveen Bibi, a 55-year-old Afghan widow, onto the street again.

She said she used to spend the night in the Saryab Road Panahgah but now slept either at the main bus terminal or at the nearby railway station, and depended on cash handouts for survival.

Projects, jobs at risk

Currently, Pakistan is embroiled in a serious financial crisis caused by a long delay in the $1.1 billion bailout from the International Monetary Fund. Other major lenders of the world, too, have promised loans but linked their release with the signing of the IMF deal, which, to many, is not in sight.

The local industry has suffered badly from the rupee's massive devaluation and import hurdles, while 36.6% inflation, the highest in the country's history, has caused a squeeze on people's income.

Both public and private sector organizations complain they don't have enough to cover expenses, a threat to the ongoing projects as well as the jobs of staff members.

Government under fire from opposition

Former prime minister Imran Khan's administration put up Panahgahs and Langar Khanas across the country with the help of private hunger relief organizations.

However, those in Khyber Pakhtunkhwa (KP) and Balochistan provinces were closed down lately with the semi-autonomous Pakistan Baitul Mal (PBM), which oversees the initiative, citing the unavailability of funds as the reason. All workers except guards were also laid off.

Sania Nishtar from the opposition Pakistan Tehreek-i-Insaf (PTI) party and former PM Khan's aide on poverty alleviation claimed that 80% of shelter homes and soup kitchens had wounded up operations in provinces other than KP and Balochistan, while the rest had reduced their activities to almost zero.

Khan, too, blasted his successor Shehbaz Sharif over the closure of shelter homes and promised to reopen them if or when he returns to power.

In a tweet a day before May 1 International Workers Day, Kahn said: "I felt humbled when I visited a Panahgah - laborers being served a meal with dignity and sleeping in warm beds rather than on footpaths in bitter cold. In inhumane acts, govt has now closed most Panahgahs and targeted health card scheme too. We [PTI] will reopen Panahgahs immed[iately] on being reelected."

Social welfare suffers

Experts warn the continued economic crisis means more cutbacks in charitable programs.

"Private societal actions of philanthropy and charities are here to stay. However, such government and public-funded initiatives may suffer due to fiscal constraints. The government needs to focus on insulating allocation for the social safety nets amidst this crisis," development economist and head of the Islamabad-based think tank Sustainable Development Policy Institute (SDPI) Dr. Abid Suleri told DW.

He also insisted that though the closure of Panahgahs and Langar Khanas was unfortunate as it would add to the misery of the poor, many of those public-funded initiatives were not very sustainable to begin with.

The cash crunch has led the PBM into delaying the funding of patient care, suspending the delivery of food to poor neighborhoods in Islamabad and the adjoining city of Rawalpindi while — affecting women's vocational training program.

PBM managing director Amir Fida Paracha told DW that his organization had asked the government for the provision of additional grants on a priority basis to keep its welfare projects going but at the same time, it was minimizing its administrative expenditure to divert funds to projects of public welfare.

He also said that a national campaign to raise funds was in the works amid hopes that it would help address the PBM's financial woes, while philanthropists were being encouraged to help provide assistive products to people with disabilities.

Collections decline

Private charities Edhi Foundation and Chhippa Welfare Association insist that the demand for their ambulance service, a major source of their income, has taken a major hit.

Muhammad Shahid of the Chhipa Welfare Association in Karachi told DW that the inflation-induced income squeeze had forced people to use cheaper transportation modes compared with ambulances.

"Now, the cost of living has gone up so high that people have ambulance affordability issues. They prefer taking patients to hospitals on ride-hailing motorbikes or public transport vehicles as this commuting mode is not as heavy on their pockets as our ambulance service is," he said.

The charity worker also claimed an almost 50% drop in the collection of Zakat (mandatory handouts given away by Muslims to the poor and the deserving) by his organization and blamed it on people's reduced purchasing power due to the record inflation rate.

The Edhi Foundation that claims to have over 1,800 ambulances, the largest fleet in the world, has seen a decline in ambulance use by patients, according to its staff member, Zeeshan Ahmad, in the city of Quetta.

He also told DW that his charity organization also collected 230 million rupees ($2.78 million, €2.59 million) Zakat in the last month of fasting compared with the previous Ramadan's 300 million rupees.

Source: Deutsche Welle

Bilawal commends PAF martyrs for thwarting enemy’s plans

Foreign Minister Bilawal Bhutto Zardari says government will utilize all available resources to modernize Pakistan Air Force to ensure impregnable air defence of the country.

This he stated while talking to Chief of Air Staff Air Marshal Zaheer Ahmed Babar Sidhu during a visit to the Air Headquarters in Islamabad.

Matters pertaining to evolving geo-strategic environment and security situation came under discussion during the meeting.

The Foreign Minister lauded the professionalism of PAF personnel and paid tribute to martyrs who rendered unprecedented sacrifice of their lives to foil nefarious designs of enemy.

He also admired PAF leadership for revamping training in order to produce well-equipped and skillful workforce to cope with challenges faced by national security.

Air Chief briefed the Foreign Minister about various ongoing projects being carried by PAF with special focus of modernization and development of aviation industry.

Source: Radio Pakistan

Three more PTI leaders quit their party

Three more key stalwarts of Pakistan Tehreek e Insaf Maleeka Bukhari, Jamshed Iqbal Cheema and his wife Musarrat Jamshed Cheema while expressing regret over the riots on May 9 have announced to quit their party.

Addressing a press conference in Islamabad, Maleeka Bukhari condemned the violent incidents of 9th May.

Jamshed Iqbal Cheem and his wife Musarrat Jamshed Cheema also announced to quit PTI at a news conference in Islamabad.

Condemning the May 9 incidents, they said mob mentality was not accounted for during the May 9 protest.

They said the events caused embarrassment for Pakistan, damaged democracy and the party’s democratic credentials, as well as the name of protest.

They said they cannot continue politics and affiliation with the PTI.

Source: Radio Pakistan

Sindh govt announces 6500 houses for people affected by Nullahs

The Sindh Cabinet in its meeting under Chairmanship of Sindh Chief Minister Syed Murad Ali Shah in Karachi accorded approval for construction of houses to resettle the affected people of three Nullahs in the Malir Development Authority area.

It was informed during the meeting that 6500 houses will be constructed for affectees which will cost an amount of 9.42 billion rupees.

Addressing the meeting, Murad Ali shah said his government is determined to rehabilitate flood and encroachments removal affectees.

He said that special steps are being taken for poverty alleviation.

Source: Radio Pakistan