SOS.US
id: 232, Created by Stan Vick, Scout
SOS Limited
How it works?
- Company agreed to pay compensation to its investors, to avoid further litigation
- We help you to prepare documents and file for compensation
Claim deadline for this case already passed by, but we can still try and file for compensation for you
Claim payout
D. New Jersey
Court22 Jul 2020
Class period Start26 Feb 2021
Class period End08 Nov 2022
Claim deadlineBeltran 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.
Judge
Hon. Robert B. Kugler
Administrator
Strategic Claims Services
Court hearing date
29 November 2022
+$5,000,000
Total Settlement Amount