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SVVC Investors Have Opportunity to Lead Firsthand Technology Value Fund, Inc. Securities Fraud Lawsuit

1. A class action lawsuit has been filed against SVVC due to misleading statements. 2. The lawsuit claims over $200 million in shareholder value was destroyed. 3. Investors may join the class action without out-of-pocket expenses. 4. The Rosen Law Firm encourages investors to choose experienced legal counsel. 5. Impacted investors can file to serve as lead plaintiff by May 2025.

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FAQ

Why Very Bearish?

The fraudulent valuation claims may lead to significant stock price declines, as seen in similar cases where management scandals led to severe loss in investor confidence, like Enron.

How important is it?

The lawsuit's potential to affect SVVC's stock price significantly warrants a high importance score. Major legal challenges often deter new investors and lead to a decrease in stock value due to perceived risk.

Why Long Term?

Class action lawsuits can result in long-lasting impacts on reputation and stock value, making recovery difficult. Companies facing similar allegations have taken years to recover or have faced considerable long-term penalties.

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, /PRNewswire/ --  Why: Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of purchasers or acquirers of common stock of Firsthand Technology Value Fund, Inc. (OTC: SVVC) between January 1, 2021 and November 14, 2023 (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 20, 2025. So what: If you purchased Firsthand Technology 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 Firsthand Technology class action, go to https://rosenlegal.com/submit-form/?case_id=36230 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [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 May 20, 2025. 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 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. Details of the case: according to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that (1) the managers and/or service providers of Firsthand Technology Value Fund, Inc. (the "Fund") destroyed over $200 million in shareholder value; (2) defendants began inflating the value of the Fund's remaining investments to hide further losses by calculating multi-million-dollar valuations, using facially implausible valuation methodologies, for companies that they knew were or were in the process of failing; (3) these fraudulent valuations were integrated into the Fund's publicly stated net asset value ("NAV") and disclosed to investors; and (4) as a result, purchasers of the Fund's shares during the Class Period were damaged by significant inflation in the market price caused by the fraudulent NAVs. To join the Firsthand Technology class action, go to https://rosenlegal.com/submit-form/?case_id=36230 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [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. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq.Phillip Kim, Esq.The Rosen Law Firm, P.A.275 Madison Avenue, 40th FloorNew York, NY 10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212) 202-3827[email protected]www.rosenlegal.com SOURCE THE ROSEN LAW FIRM, P. A. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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