NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) –
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Global Cord Blood Corporation (NYSE: CO) (OTC: CORBF) between June 4, 2019 and May 3, 2022, both dates inclusive (the “Litigation Period”), of the important June 24, 2024, lead plaintiff deadline.
SO WHAT: If you purchased Global Cord 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 Global Cord class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=20009 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court by 24 June 2024 at the latestA lead plaintiff is a representative party directing the litigation on behalf of other class members.
WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in senior leadership roles. Often, the firms issuing the advertisements do not have comparable experience, resources or significant recognition from their peers. Many of these firms do not actually litigate securities class action lawsuits, but rather act as intermediaries, referring clients or working with law firms that actually litigate the cases in court. Choose your lawyer wisely. The Rosen Law Firm represents investors around the world and focuses on class action and shareholder litigation. The Rosen Law Firm has achieved the largest securities class action settlement against a Chinese company. The Rosen Law Firm was ranked No. 1 by ISS Securities Class Action Services in 2017 for number of securities class action settlements. The firm has been ranked in the top four every 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 a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have received awards from Lawdragon and Super Lawyers.
CASE DETAILS: According to the complaint, defendants made false and/or misleading statements and/or failed to disclose that: (1) Global Cord used a capital allocation strategy designed to withhold funds for Global Cord insiders and related parties rather than allocate them to Global Cord shareholders; (2) Global Cord’s decisions to reject multiple offers to go private and enter into the Transaction, an agreement to acquire Cellenkos Inc. for over $1 billion (including Global Cord stock), were nothing more than self-serving and inconsistent attempts by defendants to divert corporate funds to company insiders and related parties; (3) defendants materially misrepresented Global Cord’s approach to capital allocation, strategic investments, acquisitions and related party transactions to investors, resulting from defendant Yuen Kam and his companies’ misappropriation of hundreds of millions of dollars from the company; and (4) as a result, Global Cord’s public statements were materially false and misleading at all relevant times.
When the true details became public, investors suffered losses, according to the lawsuit.
To join the Global Cord class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=20009 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information about the class action lawsuit.
No class action has been certified. Until a class action is certified, you will not be represented by counsel unless you hire one. You may select counsel of your choice. You may also remain as an absent class member and take no action at this time. An investor’s ability to share in any potential future recovery is not dependent on serving as lead plaintiff.
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Contact information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Law Firm of Rosen, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
