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SOS.US
id: 232, Created by Stan Vick Chase, Scout
SOS Limited
Settled
22 July 2020
Class period Start26 February 2021
Class period End08 November 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.
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