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SOS.US
id: 232
D. New Jersey
Court
1:21-cv-07454
Case number
22 Jul 2020
Class period Start
26 Feb 2021
Class period End
08 Nov 2022
Claim deadline
Beltran v. SOS Limited.
"The Action involves allegations that Defendants violated certain federal securities laws by making misrepresentations or omissions of the existence and scale of cryptocurrency mining rigs. The Complaint alleges that, in truth, SOS was a fraudulent stock promotion scheme that concealed the true nature of the company’s mining rigs and certain related party transactions. The Complaint further alleges that the misstatements or omissions artificially inflated the price of SOS ADSs, and that the stock price dropped in response to certain subsequent disclosures."
Case Status
Disbursed
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
Shawn Ho, William Rodgers
Attorneys
Hagens Berman Sobol Shapiro LLP, The Rosen Law Firm, P.A.
Judge
Hon. Robert B. Kugler
Administrator
Strategic Claims Services
Court hearing date
29 November 2022
Trades matching type
FIFO
+$5,000,000
Cash Settlement Amount