Important Update for Shareholders of Tungray Technologies Inc
Current Situation of Tungray Technologies Inc
Recently, shareholders of Tungray Technologies Inc (NASDAQ: TRSG) have been seeking clarity regarding their investment positions amidst troubling allegations facing the company. The Rosen Law Firm is actively investigating potential claims that the company may have disseminated misleading business information which could impact investors. Understanding the implications of this can be crucial for shareholders wanting to protect their investments.
What Investors Should Know
For those who purchased shares of Tungray Technologies, it’s important to note that you may be eligible for compensation without incurring upfront costs. The Rosen Law Firm has set in motion actions to seek recovery for those affected. This is a critical development that represents a chance for investors to reclaim losses that might have occurred due to the company's recent controversies.
Details of the Allegations
In a report filed with the U.S. Securities and Exchange Commission on December 31, 2024, the Board of Directors of Tungray Technologies raised serious concerns regarding previous financial statements. They indicated that those documents for the years ending December 31, 2023, 2022, and 2021 can no longer be relied upon. This means that all associated press releases, earnings statements, and investor communications describing the financial standing of the company during these years should be approached with caution.
Next Steps for Affected Shareholders
Investors who feel they might be affected are encouraged to reach out to the Rosen Law Firm. They are prepared to take action on behalf of shareholders who wish to join the prospective class action. By doing so, individuals can gain more information on how to proceed and what to expect without any responsibility for upfront fees or costs.
Why You Should Choose The Rosen Law Firm
The Rosen Law Firm has a notable history of advocating for investor rights. With a solid track record and experience in securities class actions, they have successfully represented numerous investors globally. Their attorney team, recognized for various accolades, is well-equipped to handle complex cases and has recovered substantial settlements for investors over the years. In 2019, they secured over $438 million in settlements.
Stay Updated
Shareholders are encouraged to stay informed by following developments related to Tungray Technologies. The evolving situation demands vigilance as new information can significantly alter the landscape for investors. Being proactive and informed is essential.
Contact Information for Further Assistance
If you have questions, you can reach out to the Rosen Law Firm directly:
Laurence Rosen, Esq.
Strong>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: case@rosenlegal.com
Website: www.rosenlegal.com
Frequently Asked Questions
What are the current allegations against Tungray Technologies?
The company is under investigation for allegedly providing misleading business information that may have affected investor decisions.
How can shareholders join the class action?
Shareholders can contact the Rosen Law Firm, which is leading the investigation, to determine their eligibility and join the action.
Are there any costs associated with joining the class action?
No, the Rosen Law Firm operates on a contingency fee basis, meaning you will not incur any out-of-pocket costs unless a settlement is reached.
What actions should investors take now?
Investors should gather information regarding their investments in Tungray Technologies and consider contacting the Rosen Law Firm for potential claims.
What is the reputation of The Rosen Law Firm?
The firm has a strong reputation, having successfully represented investors globally and recovered significant settlements in the past.
About The Author
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