ROSEN, A LEADING LAW FIRM, Encourages Firsthand Technology Value Fund, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SVVC

Core Viewpoint - A class action lawsuit has been filed against Firsthand Technology Value Fund, Inc. for alleged misleading statements and actions that resulted in significant shareholder losses during the Class Period from January 1, 2021, to November 14, 2023 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that the Fund's managers destroyed over $200 million in shareholder value and inflated the value of remaining investments using implausible valuation methodologies [5]. - It is alleged that these fraudulent valuations were incorporated into the Fund's publicly stated net asset value (NAV), misleading investors about the true value of their shares [5]. - As a result of these actions, purchasers of the Fund's shares during the Class Period experienced significant inflation in market price due to the fraudulent NAVs [5]. Group 2: Participation Information - Shareholders who purchased Firsthand Technology securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm for more information [3][6]. - A lead plaintiff must file a motion with the Court by May 20, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].