new york, September 2, 2023 /PRNewswire/ —
why: Rosen Law Firm, a global investor rights law firm, is a member of HUB Cyber Security Ltd. (NASDAQ: hub bcHUBCZ, HBCW) f/k/a hub cyber security (Israel) Ltd. (“Legacy HUB”) and/or traceable to: (a) the merger of Legacy HUB with Mount Rainier Acquisition Corporation (“Mount Rainier”) (the “Merger”); (b) the registration statement and proxy statement/prospectus issued in connection with the Merger (collectively, the “Offering Documents”); and/or the registration statement and proxy statement/prospectus issued in connection with the Merger (collectively, the “Offering Documents”). and/or (c) between March 23, 2022 and June 13, 2023, inclusive (both dates) (the “Class Period”). A class action lawsuit has already been filed.If you want to be the lead plaintiff, you need to move courts No later than October 16, 2023.
so what: If you purchased HUB Cyber Securities during the Class Period, you may be entitled to compensation through a contingency fee program without paying any out-of-pocket fees or costs.
What next: To join the HUB Cyber class action lawsuit, please visit: https://rosenlegal.com/submit-form/?case_id=18848 or call Mr. Philip Kim, Esq. Toll Free 866-767-3653 or Email [email protected] or [email protected] For information on class action lawsuits. A class action lawsuit has already been filed.If you want to be the lead plaintiff, you need to move courts by then at the latest October 16, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why choose Rosen Law: We encourage investors to select qualified attorneys with a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources, or meaningful peer evaluations. Be wise when choosing a lawyer. The Rosen Law Firm represents investors throughout the world, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest securities class action settlement in history against a Chinese company. Rosen Law Firm was ranked #1 in 2017 by ISS Securities Class Action Services for number of securities class action settlements. The firm has ranked him in the top four every year since 2013 and has recovered hundreds of millions of dollars from investors. In 2019 alone, the company $438 million For investors. Founding partner in 2020 Lawrence Rosen Appointed as plaintiff’s attorney by Law 360. Many of our attorneys are recognized by Lawdragon and Super Lawyers.
Details of the incident: According to the complaint, the offering documents and defendants made false and/or misleading statements and/or failed to disclose that: (1) PIPE financing related to the merger has not been executed. (2) HUB will not be led by the then current management of Legacy HUB, including Defendant Moshe; (3) the Company downplayed the full scope and significance of deficiencies in its compliance controls and procedures, including disclosure controls and procedures and internal controls over financial reporting; (4) the Company has exaggerated its ability to cure and/or cure the foregoing deficiencies; (5) Accordingly, we have incurred hundreds of thousands of dollars in unexplained expenses and misappropriated or fraudulently obtained funds by our senior officers; (6) the foregoing increased the risk that the Company would be unable to timely file one or more of his periodic financial reports with the SEC, as required by NASDAQ’s listing rules; (7) As a result, the Company’s risk of being delisted from Nasdaq has increased. (8) If any of the foregoing were to emerge, our business, financial results, and reputation could be adversely affected. (9) As a result, the Offering Documents and Defendants’ public statements during the Class Period were materially false and/or misleading and failed to contain the information they should have contained therein. When the true details entered the market, the lawsuit claims investors suffered damages.
To join the HUB Cyber class action lawsuit, please visit: https://rosenlegal.com/submit-form/?case_id=18848 or call Mr. Philip Kim, Esq. Toll Free 866-767-3653 or Email [email protected] or [email protected] For information on class action lawsuits.
There are no certified classes. Until a class is certified, you are not represented by counsel unless you retain one. You can choose the lawyer of your choice. You can also remain absent and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent on whether he or she serves as lead plaintiff.
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contact address:
Lawrence Rosen, Esq.
Mr. Philip Kim, Esq.
Pennsylvania Rosen Law Firm
275 Madison Avenue, 40th floor
New York, New York 10016
Phone number: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
SOURCE Rosen Law Firm, Pennsylvania