Saturday, May 23

Chamisa Denies Claims It Is Training Militias In Serbia & Moldova

The MDC Alliance has rejected Zanu-PF attempts to link the party to the shooting death of a soldier in Chivhu last week, and claims that Zimbabwe's main opposition party is training insurgents in Serbia and Moldova.

Zanu-PF acting spokesman Patrick Chinamasa made the claims at a news conference on Friday.

Referring to the Chivhu incident where a soldier was shot dead and two others wounded after two men shot at them apparently unprovoked, Chinamasa said the ruling party had been "taken aback by statements of disparagement and ridicule coming from the MDC Alliance rank and file where they appear to be celebrating the attacks on the security forces, while pouring their hearts out for the assailants."

"We have taken note," Chinamasa said, speaking at the Zanu-PF headquarters in Harare.

The two attackers were hunted down and killed in a joint police and military operation.

Chinamasa appeared to link the attack to the MDC Alliance, issuing a warning to the party's leader Nelson Chamisa and his deputy Tendai Biti that "they should not be like children playing with fire, it would be very dangerous for them."

 

"We know what they have been doing. We're not surprised by the stance they're taking," Chinamasa charged.

 

Biti, writing on Twitter, said Zanu-PF's attacks "smack of pathological desperation and vacuous idiocy."

Party spokesperson Fadzayi Mahere said: "Neither the MDC Alliance president nor VP had anything to do with the Chivhu shooting incident involving soldiers. The attempt by Zanu-PF to blame the MDC Alliance for the incident is desperate, regrettable and unsubstantiated. These lies must stop."

Chinamasa also claimed they had information that the MDC Alliance has been "sending renegades to Serbia and Moldova who are being trained to prepare Molotov cocktails to come and cause mayhem and violence in our country."

Offering no evidence for his claims, Chinamasa added: "It's all very clear that the MDC Alliance as a party worships violence and continues to maintain violent structures which they characterise as vanguard resistance committees.

"As you know, in 2018 they were responsible for the orgy of violence and also for the 14-16 January violence last year when they perpetrated violence in our streets, in our communities targeting security forces and innocent Zanu-PF members."

He told the MDC to "proceed forthwith to dismantle your violent structures."

Chinamasa also railed at Serbia and Moldova's governments, stating: "We also want to call upon those countries Serbia and Moldova who host such violent training. We also want to call upon those countries which we know, which are funding the perpetration of these violent activities, training people like they are a militia, like they are soldiers outside the borders of Zimbabwe and you think the Zanu-PF government will tolerate that. We will not tolerate.

"Like the Chivhu assailants, the security forces will account for them, each and everyone of them. There should be no complaining to anyone when people who have been trained in Moldova and Serbia come on our shores and are accounted for. We should not receive any complaint from anybody including the United States ambassador."

Mahere said Chinamasa's claims were defamatory.

"It's a matter of regret that Chinamasa has resorted to a false, malicious and reckless attack on the MDC Alliance. Instead of addressing the multifaceted socio-economic and governance crisis that plagues Zimbabwe currently, he has fabricated unfounded claims against our movement," Mahere told ZimLive.

"His unrestrained remarks betray the desperation and incompetence of Zanu-PF which has failed to address the national crisis and has resorted to threats, intimidation and propaganda to mask its incompetence. We demand an urgent retraction of the defamatory allegations against our president, vice president and indeed our party to the effect that we are training youths in Moldova and Serbia. The MDC Alliance is a party committed to non-violence and peaceful resolution of the national crisis.

"Chinamasa's aggressive and unrestrained remarks and tone are unconstitutional and a threat to our right to challenge the government and hold it to account without the threat of reprisals. Moreover, we reaffirm that without sincere dialogue and a political settlement, the nation will continue to suffer from the harmful effects of the legitimacy deficit that plagues Mr Mnangagwa's regime flowing from the disputed election of 2018."

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Securities Class Action Lawsuit: Investor Rights After Stock Losses

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Securities Class Action Lawsuit: Investor Rights After Stock Losses

Not every stock loss creates a lawsuit. Markets go up and down. Companies miss earnings. Investors take risks.

But when investors lose money because a company allegedly misled the market, hid important information, or made false statements, a securities class action lawsuit may follow.

These cases can help shareholders seek recovery after alleged securities fraud.

What Is a Securities Class Action?

A securities class action is a lawsuit brought on behalf of investors who bought or held securities during a specific period and suffered losses tied to alleged misconduct.

The claims may involve:

False financial statements
Misleading public disclosures
Hidden risks
Accounting fraud
Insider misconduct
Undisclosed investigations
Inflated stock price
Merger-related misstatements
Failure to disclose material information

The SEC oversees securities exchanges, brokers, dealers, investment advisers, and mutual funds to promote fair dealing and disclosure of important market information.

Who Can Be Included?

A securities class may include investors who purchased a company’s stock, bonds, or other securities during a defined class period.

Eligibility often depends on:

Security purchased
Purchase date
Sale date
Loss amount
Class period
Type of claim
Court-approved settlement terms

Investors should keep trading records.

What Is a Class Period?

The class period is the time during which alleged misconduct affected the security price.

For example, investors who bought stock between certain dates may be included if they suffered losses after corrective information was disclosed.

The class period is critical because it determines who may be eligible.

What Must Investors Prove?

Securities class actions can be legally complex. Plaintiffs may need to show:

A false or misleading statement
A material omission
Scienter, or wrongful state of mind, in some cases
Reliance
Loss causation
Damages

These cases often require expert economic analysis.

Common Triggers for Securities Class Actions

Securities lawsuits may follow:

Stock price drops
Restatements
SEC investigations
Missed revenue disclosures
Product safety revelations
Executive misconduct
Accounting problems
Cybersecurity failures
Regulatory actions
Merger disputes
Bankruptcy-related disclosures

A stock drop alone is usually not enough. There must be a legal theory connecting the loss to alleged wrongdoing.

Lead Plaintiff Deadline

Securities class actions often have lead plaintiff deadlines.

The lead plaintiff may help represent the class and work with counsel. Investors with larger losses may seek appointment as lead plaintiff.

If you receive notice of a securities lawsuit, pay attention to deadlines.

What Can Investors Recover?

A settlement may provide cash payments to investors who file valid claims.

Payment amounts may depend on:

Number of shares
Purchase price
Sale price
Recognized loss
Total settlement fund
Number of claims
Court-approved plan of allocation

Investors often need brokerage statements to prove transactions.

Why Securities Class Actions Are Difficult

These cases are heavily litigated. Defendants may argue:

Statements were not false
Risks were disclosed
Losses were caused by market forces
The company lacked wrongful intent
Investors cannot prove reliance
Class certification requirements are not met

Recent appellate decisions show that certification disputes in securities class actions can be highly technical and closely scrutinized.

What Investors Should Do

If you think you may be part of a securities class action:

Save brokerage records
Track purchase and sale dates
Save notices
Review class period
File claim forms on time
Avoid fake recovery scams
Speak with an attorney if losses are large

Final Thoughts

A securities class action lawsuit may give investors a way to seek recovery after alleged corporate misconduct.

But these cases are complex. Stock losses alone are not enough. Evidence, timing, disclosures, and expert analysis all matter.

If you lost significant money after alleged fraud or misleading statements, speak with a qualified securities class action attorney.

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