$5M Settlement: Shareholders in Cryptocurrency Mining Company … – Law.com

MENU
CLOSE
MEMBERSHIP PROGRAMS
MEDIA BRANDS
Close
Content Type
Limit Search to
SEARCH
MEMBERSHIP PROGRAMS
About Us |  Contact Us |  Site Map
Advertise |  Customer Service |  Terms of Service
FAQ |  Privacy Policy
Copyright © 2021 ALM Global, LLC.
All Rights Reserved.

NEWS
The company’s stock price plunged after analysts reported that SOS was “an intricate, ‘pump and dump’ scheme that used fake addresses, undisclosed related entities, and doctored photos of cryptocurrency mining rigs to create an illusion of success.”
January 20, 2023 at 01:45 PM
4 minute read
Class Actions
A company operating what analysts said was a “pump and dump” cryptocurrency mining scheme has settled a securities class action brought on behalf of investors for $5 million.
Senior U.S. District Judge Robert Kugler on Friday adopted a report by U.S. Magistrate Judge Elizabeth Pascal recommending approval of the settlement with SOS Limited of Qingdao City, China. The report calls for allocation of $1.7 million from the settlement fund for legal fees and costs.

Already have an account?
*May exclude premium content
By ALM Staff
By Dan Roe
By Amanda Bronstad
By Charles Toutant
Orrick to Merge With Buckley, Nearly Doubling Its DC Footprint
The American Lawyer
Fresh Off Layoffs, Goodwin Raids Troutman to Grow Health Care Practices
The American Lawyer
Cravath’s Katherine Forrest Departs for Paul Weiss
The American Lawyer
Concerns Over Layoffs, Expenses, Office Policies Loom Over 2023 Outlook
The American Lawyer
How Kirkland and Latham Ruined Lockstep and Caused the Shearman-Hogan Lovells Merger Talks
International Edition
License our industry-leading legal content to extend your thought leadership and build your brand.
Presented by BigVoodoo
The Global Leaders in Consulting awards are for those who are making a big impression within the industry, but also worldwide.
Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases.
Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession.
Berchem Moses PC, a prominent Connecticut law firm with offices in Milford and Westport, is actively recruiting candidates for the following…
Berchem Moses PC, a prominent Connecticut law firm with offices in Milford and Westport, is actively recruiting candidates for our Milford o…
Berchem Moses PC, a prominent Connecticut law firm with offices in Milford and Westport, is actively recruiting candidates for the following…
O’BRIEN FIRM would like to announce that..
Law Offices of Robert G. Stahl, LLC proudly announces that Laura K. Gasiorowski has been promoted to partner and the firm will now be known as STAHL GASIOROWSKI
GREENBAUM ROWE SMITH & DAVIS LLP wants to announce that Sean R. McGowan has been named Co-Chair of our Real State Department
Don’t miss the crucial news and insights you need to make informed legal decisions. Join New Jersey Law Journal now!
Already have an account? Sign In
The industry-leading media platform offering competitive intelligence to prepare for today and anticipate opportunities for future success.

source

Image - ThumbHow To Make Huge Profits In A Short Time With Crypto
Get detailed training system that shows an absolute beginner (without any skill) how to make huge profits in a short time with crypto.
Image - ThumbCrypto + NFT Quick Start Course
The #1 course for profit in the Crypto & NFT world - You will discover the secrets that 99% of people don’t know yet

About the Author: admin

You might like

Leave a Reply

Your email address will not be published. Required fields are marked *