ROSEN, GLOBAL INVESTOR COUNSEL, Encourages ON Semiconductor Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – ON

NEW YORK, Dec. 30, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds of purchasers of ON Semiconductor Corporation (“onsemi”) (NASDAQ: ON) common stock between May 1, 2023 and October 27, 2023, both dates inclusive (the “Class Period”), of the important February 12, 2024 lead plaintiff deadline.

SO WHAT: If you purchased onsemi 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 onsemi class action, go to https://rosenlegal.com/submit-form/?case_id=21160 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. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 12, 2024. 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: According to the lawsuit, defendants made materially false and misleading statements and failed to disclose material adverse facts about onsemi’s business and operations. Specifically, defendants misrepresented that: (1) revenues from billions of dollars in reported long-term supply agreements (“LTSAs”) were “committed” and “locked in,” and were effectively certain to be obtained by onsemi when, in fact, onsemi could and would abrogate the LTSAs at a customer’s request; (2) LTSAs provided “predictable” and “sustainable” performance to drive onsemi’s growth, even in tough macroeconomic conditions, when, in fact, they would be modified or eliminated as conditions changed; and (3) defendants had “good visibility” into customer demand when, in fact, demand could be reduced on short notice, even where LTSAs were in effect. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the onsemi class action, go to https://rosenlegal.com/submit-form/?case_id=21160 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.

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
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9010759

Saqlain Mushtaq The Inventor of ‘Doosra’ Turns 47

On December 29, 1976, the greatest of all Pakistan off-spin sensations Saqlain Mushtaq was born in Lahore, and he now turns 47. Saqlain Mushtaq, who invented the 'Doosra' delivery while bowling, troubled many great batters in world cricket during his sensational era. In the ICC Cricket World Cup 1999, Saqlain Mushtaq became the first Pakistani bowler to take a hat-trick in a World Cup, achieving it against Zimbabwe. On his birthday, we can't forget his legacy. He achieved legendary status and was nicknamed 'Magician' for his contributions to Pakistan cricket, playing a vital role as an off-spinner. Now, some off-spin bowlers are imitating his 'Doosra' delivery, but he was the official inventor, executing this delivery perfectly and claiming many wickets with it. After Saqlain's era ended, Saeed Ajmal came into Pakistan cricket. He was almost similar to Saqlain Mushtaq, bowling 'Doosra' deliveries and achieving impressive records for Pakistan. However, he didn't come close to matching the greatness of the magician. Saqlain Mushtaq achieved impressive feats in Test and One Day International (ODI) cricket. In Test matches, he secured three 10-wicket hauls and 13 times took five wickets in an innings. In ODIs, he managed to take five wickets in a match on seven occasions. Recognized for his outstanding performance, Saqlain was named one of the best ODI bowlers in 2000 by Wisden, a prestigious cricket publication. They ranked him as the sixth greatest ODI bowler of all time and the best ODI spinner following a detailed analysis in 2003. He holds the record for the most wickets taken in a single year in ODIs, with a total of 69 wickets in 1997. Additionally, Saqlain was the first of only two spin bowlers to achieve a hat-trick in an ODI, the other being Abdur Razzak from Bangladesh. Saqlain's Test career lasted only nine years, during which he took 208 wickets in 49 matches. He also played in 169 One Day Internationals (ODIs), where he took 288 wickets. Recently, Saqlain has been seen in a coaching role for Pakistan cricket, serving almost one year as head coach. His contributions were significant, as Pakistan reached the knockout stages twice, including the T20 World Cup 2022 final.

Source: Pro Pakistani

Good News Announced After 11 Years for Plot Owners of LDA City in Lahore

In a momentous development, numerous beneficiaries in the Lahore Development Authority (LDA) City are on the brink of finally obtaining possession of their plots today (December 30), marking the culmination of an enduring wait spanning over 11 years. The pivotal decision to confer physical possession upon the LDA City beneficiaries was reached during a high-level meeting presided over by Commissioner Lahore and LDA DG Muhammad Ali Randhawa. In the extensive briefing presented during the meeting, it was revealed that all necessary arrangements have been finalized for the allocation of plots in LDA City's Jinnah Sector C Block. This initial phase will witness the distribution of possessions to over 1,500 allottees of C Block, encompassing plots ranging from 5 to 10 marlas, as well as one and two kanals. Significantly, C Block, spanning 1,200 kanals, features amenities such as parks, a sports complex, a cricket stadium, and other facilities. As reported by a national daily, the completion of the Chenab Road Bridge structure has been achieved, with finishing work currently in progress. Simultaneously, rapid progress is being made on the facilitation center, and an award is poised to be issued for the acquisition of the remaining land in the Jinnah Sector. Commissioner Lahore, underscoring the resolution of a longstanding issue, stated that, in accordance with the directives of the caretaker Chief Minister of Punjab, the concerns of LDA City allottees have been effectively addressed. The meeting, attended by the Additional DG Headquarters, Director LDA City, and the Project Director, signifies a concerted effort to bring relief to the allottees after years of anticipation.

Source: Pro Pakistani