{"id":452111,"date":"2021-03-05T19:54:10","date_gmt":"2021-03-06T00:54:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=452111"},"modified":"2021-03-05T19:54:10","modified_gmt":"2021-03-06T00:54:10","slug":"hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\/","title":{"rendered":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in SOS Limited (SOS) to Contact its Attorneys, Analyst says Company “Fabricated” Crypto Mining Purchases"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n SAN FRANCISCO<\/span>, March 5, 2021<\/span> \/PRNewswire\/ — Hagens Berman urges SOS Limited (NYSE: SOS)\u00a0<\/b>investors to submit their losses now.<\/a>\u00a0 The firm is investigating possible securities law violations and certain investors may have valuable claims. <\/p>\n

\n

\n
\n \"Hagens
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Visit:<\/b>\u00a0www.hbsslaw.com\/investor-fraud\/SOS<\/a>
Contact An Attorney Now:<\/b>\u00a0SOS@hbsslaw.com<\/a>\u00a0
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895<\/b><\/p>\n

\n SOS Limited <\/b>
\n (SOS) Investigation: <\/b>\n <\/p>\n

The investigation centers on the accuracy of SOS’s claims concerning its cryptocurrency mining assets and capabilities.<\/p>\n

Up until recently, SOS’s financial results have struggled and its stock price has languished.\u00a0 But earlier this year, SOS has attracted investor interest by releasing a wave of press releases touting its purported entry into the bitcoin mining business. For example, on Jan. 21, 2021<\/span>, SOS claimed to have purchased over 15,000 mining rigs for $20 M<\/span>, and a month later, claimed that 5,000 mining rigs had already gone live.\u00a0 SOS’s cryptocurrency promotion was well-received, as its shares skyrocketed 600%. \u00a0\u00a0<\/p>\n

But on Feb. 26, 2021<\/span>, Hindenburg Research<\/i> and Culper Research<\/i> released scathing commentary on\u00a0SOS, claiming that SOS was an intricate\u00a0“pump and dump”\u00a0scheme that used fake addresses and doctored photos of crypto\u00a0miners to create an illusion of success.\u00a0 The analysts pointed out that the company’s SEC filings, for instance,\u00a0listed a hotel room as the firm’s headquarters. The analysts also questioned whether SOS had actually purchased the claimed mining rigs, as the firm SOS purportedly bought the mining rigs from was a fake shell company.\u00a0 Most damaging, the analysts alleged that the photos SOS had published of their “mining rigs” were phony.\u00a0 In particular, Culper<\/i> noted that the photographed SOS “miners”\u00a0weren’t the A10 Pros\u00a0the company claimed to own. Instead, they were pictures of Avalon’s A1066 miners. Hindenburg<\/i> went even further and found the\u00a0original images\u00a0from SOS’s site belonged to a legitimate rival RHY.<\/p>\n

In response, the price of SOS American Depositary Shares has significantly fallen.<\/p>\n

“We’re focused on investors’ losses and whether SOS’ purported entry into crypto mining is simply a false promotion scheme,” said Reed Kathrein<\/span>, the Hagens Berman partner leading the investigation.<\/p>\n

If you are a SOS investor, click here to discuss your legal rights with Hagens Berman<\/a>.<\/p>\n

\n Whistleblowers: <\/b>Persons with non-public information regarding SOS should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. \u00a0Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. \u00a0For more information, call Reed Kathrein<\/span> at 844-916-0895<\/b> or email SOS@hbsslaw.com<\/a>.<\/p>\n

\n
\n About Hagens Berman<\/a>
\n
\n <\/u>Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys.\u00a0 The firm represents investors, whistleblowers, workers and consumers in complex litigation.\u00a0 More about the firm and its successes is located at hbsslaw.com<\/a>. \u00a0For the latest news visit our newsroom<\/a><\/u> or follow us on Twitter at @classactionlaw<\/a><\/u>.<\/p>\n

\n Contact:
<\/u>
\n Reed Kathrein<\/span>, 844-916-0895<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:http:\/\/www.prnewswire.com\/news-releases\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases-301241772.html<\/a><\/p>\n

SOURCE Hagens Berman Sobol Shapiro LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire SAN FRANCISCO, March 5, 2021 \/PRNewswire\/ — Hagens Berman urges SOS Limited (NYSE: SOS)\u00a0investors to submit their losses now.\u00a0 The firm is investigating possible securities law violations and certain investors may have valuable claims. Visit:\u00a0www.hbsslaw.com\/investor-fraud\/SOSContact An Attorney Now:\u00a0SOS@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 SOS Limited (SOS) Investigation: The investigation centers on the accuracy of SOS’s claims concerning its cryptocurrency mining assets and capabilities. Up until recently, SOS’s financial results have struggled and its stock price has languished.\u00a0 But earlier this year, SOS has attracted investor interest by releasing a wave of press releases touting its purported entry into the bitcoin mining business. For example, on Jan. 21, 2021, SOS claimed to have purchased over 15,000 mining rigs for $20 M, and a … <\/p>\n

Continue reading “HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in SOS Limited (SOS) to Contact its Attorneys, Analyst says Company “Fabricated” Crypto Mining Purchases”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-452111","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in SOS Limited (SOS) to Contact its Attorneys, Analyst says Company "Fabricated" Crypto Mining Purchases - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in SOS Limited (SOS) to Contact its Attorneys, Analyst says Company "Fabricated" Crypto Mining Purchases - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN FRANCISCO, March 5, 2021 \/PRNewswire\/ — Hagens Berman urges SOS Limited (NYSE: SOS)\u00a0investors to submit their losses now.\u00a0 The firm is investigating possible securities law violations and certain investors may have valuable claims. Visit:\u00a0www.hbsslaw.com\/investor-fraud\/SOSContact An Attorney Now:\u00a0SOS@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 SOS Limited (SOS) Investigation: The investigation centers on the accuracy of SOS’s claims concerning its cryptocurrency mining assets and capabilities. Up until recently, SOS’s financial results have struggled and its stock price has languished.\u00a0 But earlier this year, SOS has attracted investor interest by releasing a wave of press releases touting its purported entry into the bitcoin mining business. For example, on Jan. 21, 2021, SOS claimed to have purchased over 15,000 mining rigs for $20 M, and a … Continue reading "HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in SOS Limited (SOS) to Contact its Attorneys, Analyst says Company “Fabricated” Crypto Mining Purchases"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-06T00:54:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in SOS Limited (SOS) to Contact its Attorneys, Analyst says Company “Fabricated” Crypto Mining Purchases\",\"datePublished\":\"2021-03-06T00:54:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\\\/\"},\"wordCount\":516,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/450112\\\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\\\/\",\"name\":\"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in SOS Limited (SOS) to Contact its Attorneys, Analyst says Company \\\"Fabricated\\\" Crypto Mining Purchases - 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Visit:\u00a0www.hbsslaw.com\/investor-fraud\/SOSContact An Attorney Now:\u00a0SOS@hbsslaw.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 844-916-0895 SOS Limited (SOS) Investigation: The investigation centers on the accuracy of SOS’s claims concerning its cryptocurrency mining assets and capabilities. Up until recently, SOS’s financial results have struggled and its stock price has languished.\u00a0 But earlier this year, SOS has attracted investor interest by releasing a wave of press releases touting its purported entry into the bitcoin mining business. For example, on Jan. 21, 2021, SOS claimed to have purchased over 15,000 mining rigs for $20 M, and a … Continue reading \"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in SOS Limited (SOS) to Contact its Attorneys, Analyst says Company “Fabricated” Crypto Mining Purchases\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-06T00:54:10+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in SOS Limited (SOS) to Contact its Attorneys, Analyst says Company “Fabricated” Crypto Mining Purchases","datePublished":"2021-03-06T00:54:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\/"},"wordCount":516,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/450112\/Hagens_Berman_Sobol_Shapiro_LLP_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/hagens-berman-national-trial-attorneys-encourages-investors-in-sos-limited-sos-to-contact-its-attorneys-analyst-says-company-fabricated-crypto-mining-purchases\/","name":"HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Investors in SOS Limited (SOS) to Contact its Attorneys, Analyst says Company \"Fabricated\" Crypto Mining Purchases - 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