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WNTCu.FI
id: 464

Bio Profit Funds $4.35MM Investor Settlement

It is still possible to file a late claim. The court will decide whether to accept late claims or not.
W.D. New York
Court
01 Jan 2000
Class period Start
11 Nov 2022
Class period End
04 Jan 2023
Claim deadline
Bio Profit Litigation

Wilmington Trust Company and other Defendants agreed to pay $4.35 million to settle a class action lawsuit to avoid further litigation.

Those who invested money in the Bio Profit Funds (BPS I, BPS II, BPS III, BPS V, or Velocity Valley & Grand) offered by Velocity Investment Group, Inc., and lost money as a result of your investment, may be entitled to a payment from a class action settlement.
Alleged Offence
Other
Suspected Party
Other
Security Type
Derivative (Futures, Option, SWAP)
Trade Direction
Long
Plaintiffs
Yao-Yi Liu, Tung-Hung Hsieh, Chiu-Pao Tsai
Attorneys
Rosca Scarlato, LLC
Judge
Hon. Elizabeth A. Wolford
Administrator
Strategic Claims Services
Court hearing date
11 January 2023
+$4,350,000
Total Settlement Amount

Wilmington Trust Company

one of the top 10 largest American institutions by fiduciary assets. Wilmington Trust is currently a provider of international corporate and institutional services, investment management, and priva...

    Ticker
    WNTCu.FI
    CIK
    0001458661
    Sector
    Financial Services
    Industry
    Asset Management
    Country
    US
    Address
    1100 N. Market Street, Wilmington, DE 19890