ROSEN, GLOBAL INVESTOR COUSNEL, Encourages The Walt Disney Company Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – DIS

NEW YORK, May 26, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of The Walt Disney Company (NYSE: DIS) between December 10, 2020 and November 8, 2022, both dates inclusive (the “Class Period”), of the important July 11, 2023 lead plaintiff deadline. SO WHAT: […]

NEW YORK, May 26, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of The Walt Disney Company (NYSE: DIS) between December 10, 2020 and November 8, 2022, both dates inclusive (the “Class Period”), of the important July 11, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Disney common stock 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 Disney class action, go to https://rosenlegal.com/submit-form/?case_id=16164 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com 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 July 11, 2023. 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. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. 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 has achieved the largest ever securities class action settlement against a Chinese Company. 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Disney+ was suffering decelerating subscriber growth, losses, and cost overruns; (2) the true costs incurred in connection with Disney+ had been concealed by Disney executives by debuting certain content intended for Disney+ initially on Disney’s legacy distribution channels and then making the shows available on Disney thereafter to improperly shift costs out of the Disney+ segment; (3) Disney Media and Entertainment Distribution (“DMED”) had made platform distribution decisions based not on consumer preference, consumer behavior, or the desire to maximize the size of the audience for the content as represented, but based on the desire to hide the full costs of building Disney+ ‘s content library; (4) Disney was not on track to achieve even the reduced 2024 Disney paid global subscriber and profitability targets, such targets were not achievable, and such estimates lacked a reasonable basis; and (5) defendants had materially misrepresented the actual performance of Disney+, the sustainability of Disney+’s historical growth trends, the profitability of Disney+, and the likelihood that Disney could achieve its 2024 Disney+ subscriber and profitability targets. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Disney class action, go to https://rosenlegal.com/submit-form/?case_id=16164 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com 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.

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Contact Information:

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
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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WORLD BANK: US $300 MILLION TO SCALE-UP SUPPORT TO POOR AND VULNERABLE LEBANESE HOUSEHOLDS

The World Bank Group’s Board of Executive Directors approved a US$300 million additional financing to the Emergency Crisis and COVID-19 Response Social Safety Net Project (ESSN). The additional financing will expand and extend the provision of cash tr…

The World Bank Group’s Board of Executive Directors approved a US$300 million additional financing to the Emergency Crisis and COVID-19 Response Social Safety Net Project (ESSN). The additional financing will expand and extend the provision of cash transfers to poor and vulnerable Lebanese households and further support the development of a unified social safety net delivery system in Lebanon to allow a better response to ongoing and future shocks. This US$300 million new package represents the second additional financing to the ESSN project (US$246 million) originally approved in January 2021 to help the Lebanon address the impact of the economic crisis and the COVID-19 pandemic on the poor and vulnerable population. The project already benefited from a first additional financing of US$4 million in May 2022. This second additional financing will continue to help Lebanon protect its population from the impact of various crises, as well as help the country develop a targeted and digital social safety net system. Going forward, Lebanon would need to secure the fiscal space needed to finance social protection needs, including social safety nets, over the long term. Lebanon is more than three years into an economic and financial crisis that is among the worst the world has seen. A total contraction of 39.9% in real GDP since 2018 has already wiped out 15 years of economic growth. The crisis continues to have a severe impact on the social level and is significantly impeding access to basic public services. With the sharp deterioration in the currency, the three-digit inflation, and rising food insecurity and food inflation rates, the living conditions of extreme poor and vulnerable households continue to deteriorate. On the sectoral level, Lebanon lacks a comprehensive and inclusive social protection system that provides its citizens equal access and opportunity. Prior to the economic crisis, the social protection system was highly regressive, driven by universal subsidies and limited investments in targeted social safety net (SSN) programs. Approved in January 2021, the ESSN project – also known as AMAN – has built the foundations of a poverty-targeted social safety net system in Lebanon through the establishment of DAEM, the first fully digitized national social registry. DAEM has facilitated the effective, efficient, and transparent provision of cash transfers to approximately 82,000 households meeting extreme poverty and social vulnerability criteria for up to 14 months. The project has adopted a robust Grievance Redress Mechanism through the establishment of a call center that ensures the prompt and efficient resolution of applicant queries. The ESSN project has also recruited a Third-Party Monitoring Agent to verify eligibility and confirm due payments to beneficiary households. A Post Distribution Monitoring survey conducted revealed that after receiving the transfers, the largest share of beneficiary household spending was on food (43% of spending) followed by healthcare (12% of spending). Around 99% of beneficiary households reported improved living conditions after the transfers, while 66% of beneficiary households with children reported that the transfers facilitated school attendance. ‘The additional financing will enable the Government of Lebanon to continue to respond to the growing needs of poor and vulnerable households suffering under the severe economic and financial crisis,’ said Jean-Christophe Carret, World Bank Middle East Country Director. ‘The financing will also facilitate the integration of existing SSN programs into a unified SSN program in line with the Government’s vision articulated in the National Social Protection Strategy, and ensure simplification of implementation, reduce fragmentation and duplication, and promote efficiency and effectiveness of SSN spending.’ Overall, the ESSN project and its additional financing will provide cash transfers to 160,000 households for 24 months. This includes the current ESSN beneficiary households in addition to new households who meet poverty and vulnerability criteria. Eligible households will receive monthly a US$25 flat amount, in addition to US$20 per household member (up to 6 members), i.e., a maximum monthly amount of US$145 per household. The project is jointly implemented by the Ministry of Social Affairs and the Central Management Unit at Presidency Council of Ministers that contracted the World Food Program to carry out eligibility verification visits and payments of the cash transfers. Payment information and as well as other critical messages are communicated to the recipient households via SMS monthly. Benefits are redeemed in actual US dollar through mobile transfer operators. The additional financing will also expand the provision of education cash top-up transfers to a total of 92,000 students in beneficiary households between the ages of 13-18 year to cover the direct costs of schooling including school registration fees, parents’ council fees, school textbooks and stationery costs, transport, and school uniform expenses. Eligible students will receive between US$285 to US$425 per scholastic year depending on school grade and education stream to be paid directly to the beneficiary household. The attendance and the academic performance of eligible children will be monitored and reported by the Ministry of Education and Higher Education. The ESSN additional financing will also support increased access to quality social services provided by the Social Development Centers of the Ministry of Social Affairs for 400,000 individuals and will provide capacity building activities to the social workers at the Ministry and centers to enable them to better carry out their functions. Building on the progress achieved under the ESSN project, the additional financing will continue to support the development of DAEM Social Registry to an integrated Social Protection Information System (SPIS) as per the needs of the government. DAEM SPIS will facilitate the integration of poverty-targeted social safety net programs supported under the National Poverty Targeting Program (NPTP) and the ESSN-AMAN program as well as implementation of other SSN programs through the same gateway. SPIS will cover the core functionalities of any SSN program including intake and registration, assessment of needs and conditions, eligibility and enrollment, determination of benefits and services package, case management, delivery of benefits and services, grievance redress, and continuous monitoring through respective modules in the system.

Source: National News Agency – Lebanon

Syrian, Iranian talks to develop cooperation in transport sector

Minister of Transport, Transport Minister Zouhair Khzeim, discussed with Deputy of Transport of the Ministry of Roads and Urban Development, Shahriar Efendizadeh ,the ways of developing the bilateral relations between the two countries, in the domain o…

Minister of Transport, Transport Minister Zouhair Khzeim, discussed with Deputy of Transport of the Ministry of Roads and Urban Development, Shahriar Efendizadeh ,the ways of developing the bilateral relations between the two countries, in the domain of land, sea, air and railway transport.

The meeting came on the sidelines of the Development Road Conference which kicked off in Baghdad with the participation of Syria.

The two sides talked about activating the agreements and memorandums of understanding signed between the two countries, and developing the agreed works within the work of joint Syrian-Iranian committee, including the tripartite railway connection for transporting passengers and goods between Syria, Iraq and Iran via the Shalamja-Basra railway, in addition to activating the transit and shipping line.

Source: Syrian Arab News Agency

Khzeim: Syria pays all attention to building cooperation bridges with Arab brothers and friends

Transport Minister Zouhair Khzeim urged a useful, comprehensive and more sustainable economic feasibility, allowing the flow of transport in all its forms between Arab countries.“This will have positive repercussions on the peoples of the region as a w…

Transport Minister Zouhair Khzeim urged a useful, comprehensive and more sustainable economic feasibility, allowing the flow of transport in all its forms between Arab countries.

“This will have positive repercussions on the peoples of the region as a whole,” said the Minister during his speech at the Development Road Conference in Baghdad, the Iraqi capital.

He added that Syria attaches all attention to building bridges of cooperation and communication with Arab brothers and friends.

“Our presence today at this event is an opportunity to confirm our support for the Route for Development initiative,” he indicatd.

Activities of the Development Road Conference kicked off on Saturday in Baghdad, with participation of Transport Ministers of Syria, Iraq’s neighboring and Gulf Cooperation Council States.

The Conference aims at enhancing cooperation and economic interdependence between Iraq and its brotherly and friendly states, in a way that constitutes a pillar for peace, stability and prosperity of the peoples of the region.

Source: Syrian Arab News Agency

Syria, Iran discuss bilateral judicial and legal cooperation

Iranian Justice Minister Amir Hossein Rahimi discussed Saturday with Syrian Ambassador in Tehran Shafiq Dayoub, means to enhance bilateral cooperation in the judicial, and legal domains.Both sides discussed mechanisms for implementing previously signed…

Iranian Justice Minister Amir Hossein Rahimi discussed Saturday with Syrian Ambassador in Tehran Shafiq Dayoub, means to enhance bilateral cooperation in the judicial, and legal domains.

Both sides discussed mechanisms for implementing previously signed judicial agreements between the two countries, and signing new memorandums of understanding.

Rahimi stressed the importance of strategic relations between the two countries, and the necessity to develop them ,particularly in the judicial domain.

“we have been together in the fight against terrorism and the achievement of victories, and we will be together in the process of reconstruction and the promotion of trade and investment in the interests of both sides,” Rahimi added.

Dayoub, in turn, noted that there are different domains for the mutual cooperation in the domain of judicial and legal, including the fight against the organized crime.

The Ambassador highlighted the importance of the Iranian President Ebrahim Raisi to Syria and its positive outcomes that serve the two friendly countries and peoples, particularly in light of the regional political transformations that the region and the world are witnessing in .

Dayoub said that the bilateral cooperation between the both countries with the friendly countries and the axis of resistance led to the defeat of terrorism and failure the projects of targeting the region’s identity, heritage, and resources.

Source: Syrian Arab News Agency

Shaaban: what Syria has achieved during the past period has become a lesson for entire world

Special Adviser at the Presidency of the Republic, Buthaina Shaaban said that what Syria has achieved during the past period has become a lesson for the entire world and that prompts us to continue working and uniting in order to reach the ultimate goa…

Special Adviser at the Presidency of the Republic, Buthaina Shaaban said that what Syria has achieved during the past period has become a lesson for the entire world and that prompts us to continue working and uniting in order to reach the ultimate goal, which is the liberation of Palestine from the Israeli occupation.

Shaaban was speaking at the meeting of Al-Quds International Foundation’s board of secretaries on Saturday.

Shaaban, the chairperson of the Foundation, said that the lesson to be drawn from Syria’s difficult decade-long experience is that in the end those who believe in their just cause win more.

She added President Bashar al-Assad’s presence at the Arab summit in Jeddah means Syria’s victory and the failure of large schemes funded by the world’s most powerful forces.

She indicated that this victory indicates that a person who believes in his cause cannot be defeated by anyone, and that he is the victor in the end, and the issue remains a matter of patience because the Syrian people, the army, the resistance alliance, and our allies have all been patient with us.

As a result, the entire world, including the Western media, admits that Syria’s return and attendance at the summit is a source of pride for this nation and for the Arabs, she noted.

Shaaban stressed that the world will be multipolar and the West will no longer be able to talk about freedom, democracy and human rights, calling on the media outlets to pay attention to all the terms that come from the Western media with the aim of dividing.

Shaaban stressed that the world will be multipolar and the West will no longer be able to talk about freedom, democracy and human rights since it is fully aware that it is in permanent decline.

Source: Syrian Arab News Agency