1. Rosen Law Firm investigates potential securities claims against Tungray Technologies. 2. TRSG may have issued misleading business information, impacting investor trust. 3. Investors could join a class action for compensation for their losses. 4. TRSG's financial statements for 2021-2023 are deemed unreliable by the board.
The allegations of misleading information can drastically harm investor confidence, leading to stock price declines. Historical examples show similar cases resulted in significant drops in company valuations.
The news directly relates to alleged misconduct at TRSG, with substantial financial consequences possible.
Immediate repercussions can occur as the market reacts to the class action and uncertainty in financial validity. Past incidents reveal swift investor reactions to similar news.
Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Tungray Technologies Inc (NASDAQ: TRSG) resulting from allegations that Tungray Technologies may have issued materially misleading business information to the investing public.
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. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=32968 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email info@rosenlegal.com for information on the class action.
On December 31, 2024, Tungray Technologies filed a current report with the U.S. Securities and Exchange Commission on Form 6-K. The current report stated that on "December 30, 2024, the Board of Directors of Tungray Technologies Inc (the "Company"), upon recommendation of the Audit Committee and following discussions with management, determined that the Company's financial statements for the years ended December 31, 2023, 2022 and 2021 included in the Company's Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission on April 26, 2024 (the "20-F"), should no longer be relied upon. Similarly, related reports, press releases, earnings releases, and investor communications describing the Company's financial statements for these periods should no longer be relied upon."
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 achieved the largest ever securities class action settlement against a Chinese Company at the time. 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.
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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: info@rosenlegal.com
Website: www.rosenlegal.com
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