WNTCu.FI
id: 464
Bio Profit Funds $4.35MM Investor Settlement
Late claims are being considered for compensation, subject to approval.
W.D. New York
Court6:14-cv-06631
Case number01/01/2000
Class period Start11/11/2022
Class period End01/04/2023
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.
Case Status
Accepting Late Claims
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
01/11/2023
Trades matching type
FIFO
+$4,350,000
Cash Settlement Amount