id: 232, Created by Stan Vick, Scout
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D. New JerseyCourt
22 Jul 2020Class period Start
26 Feb 2021Class period End
08 Nov 2022Claim 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."
Shawn Ho, William Rodgers
Hagens Berman Sobol Shapiro LLP, The Rosen Law Firm, P.A.
Hon. Robert B. Kugler
Strategic Claims Services
Court hearing date
29 November 2022
+$5,000,000Total Settlement Amount