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SOS.US
id: 232, Created by Stan Vick Chase, Scout

SOS Limited

Settled
22 July 2020
Class period Start
26 February 2021
Class period End
08 November 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."
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Lead plaintiff
Shawn Ho, William Rodgers
Attorney
Hagens Berman Sobol Shapiro LLP, The Rosen Law Firm, P.A.
Court
District of New Jersey
Judge
Hon. Robert B. Kugler
Administrator
Strategic Claims Services
Court hearing date
29 November 2022
+$5,000,000
Total Settlement Amount
Created by Stan Vick Chase, Scout

SOS Limited

SOS Limited provides data mining and analysis services to corporate and individual members in the People's Republic of China. It provides marketing data, technology, and solutions for insurance com...

    Ticker
    SOS.US
    ISIN
    US83587W1062
    CIK
    1346610
    Sector
    Technology
    Industry
    Software-Infrastructure
    Country
    USA
    Address
    Building 6, East Seaview Park, Qingdao, China, 266400