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WNTCu.FI
id: 464, Created by Stan Vick Chase, Scout
Bio Profit Funds $4.35MM Settlement with Damaged Investors
Settled
01 January 2000
Class period Start11 November 2022
Class period End04 January 2023
Claim deadlineBio 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
Lead plaintiff
Yao-Yi Liu, Tung-Hung Hsieh, Chiu-Pao Tsai
Attorney
Rosca Scarlato, LLC
Court
Western District of New York
Judge
Hon. Elizabeth A. Wolford
Administrator
Strategic Claims Services
Court hearing date
11 January 2023
+$4,350,000
Total Settlement Amount