New York, New York – (Newsfile Corp. – January 25, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation on behalf of shareholders of Tungray Technologies Inc (NASDAQ: TRSG) relating to allegations that Tungray Technologies may have disclosed materially misleading business information to the investing public.
SO AND: If you purchased Tungray Technologies securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. Rosen Law Firm is preparing a class action lawsuit to recover investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=32968 or call Phillip Kim, Esq. to. Call us toll-free at 866-767-3653 or email cases@rosenlegal.com for class action information.
What is this about: On December 31, 2024, Tungray Technologies filed a Current Report on Form 6-K with the U.S. Securities and Exchange Commission. The current report states that the Board of Directors of Tungray Technologies Inc (the “Company”) died on “30. December 31, 2024” on the recommendation of the Audit Committee and after discussions with management, has determined that the Company’s financial statements for the years ended December 31, 2023, 2022 and 2021 are in the Company’s Annual Report on Form 20-F for the year ended December 31 Year ended 2023, the information filed with the Securities and Exchange Commission on April 26, 2024 (the “20-F”) should no longer be considered reliable. Likewise, relevant reports, press releases, earnings releases and investor communications describing the Company’s financial statements for such periods should no longer be relied upon and should no longer be relied upon.
WHY ROSEN LAW: We encourage investors to select qualified advisors who have a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources, or significant peer recognition. Many of these firms do not conduct securities class actions. Be smart when choosing your advisor. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. At that time, Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese company. Rosen Law Firm was Ranked No. 1 by the ISS Securities Class action (WA:) Services for the number of securities class action settlements in 2017. The company has ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
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