{"id":473113,"date":"2021-04-07T14:03:23","date_gmt":"2021-04-07T18:03:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473113"},"modified":"2021-04-07T14:03:23","modified_gmt":"2021-04-07T18:03:23","slug":"glancy-prongay-murray-llp-a-leading-securities-fraud-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-sos-limited-sos-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-a-leading-securities-fraud-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-sos-limited-sos-investors\/","title":{"rendered":"Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of SOS Limited (SOS) Investors"},"content":{"rendered":"<p>        <!--.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of SOS Limited (SOS) Investors<\/b><\/p>\n<p>LOS ANGELES&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.glancylaw.com%2F&amp;esheet=52407731&amp;newsitemid=20210407005395&amp;lan=en-US&amp;anchor=Glancy+Prongay+%26amp%3B+Murray+LLP&amp;index=1&amp;md5=9cf4ff0e58b6a8cdd8a35f3d448f252a\">Glancy Prongay &amp; Murray LLP<\/a> (\u201cGPM\u201d), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired SOS Limited (\u201cSOS\u201d or the \u201cCompany\u201d) (NYSE: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FSOS&amp;esheet=52407731&amp;newsitemid=20210407005395&amp;lan=en-US&amp;anchor=SOS&amp;index=2&amp;md5=4fc968ddadcb07857a39700d28045fc1\">SOS<\/a>) American Depositary Shares (\u201cADSs\u201d or \u201cshares\u201d) between <b>July 22, 2020 and February 25, 2021<\/b>, inclusive (the \u201cClass Period\u201d). SOS investors have until <b>June 1, 2021 <\/b>to file a lead plaintiff motion.\n<\/p>\n<p>\nIf you suffered a loss on your SOS investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Fsos-limited%2F&amp;esheet=52407731&amp;newsitemid=20210407005395&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.glancylaw.com%2Fcases%2Fsos-limited%2F&amp;index=3&amp;md5=3efa71ddb89767e36adafd9ebec62c67\">https:\/\/www.glancylaw.com\/cases\/sos-limited\/<\/a>. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at <a rel=\"nofollow\" href=\"mailto:shareholders@glancylaw.com\">shareholders@glancylaw.com<\/a><span class=\"bwuline\" \/>to learn more about your rights.\n<\/p>\n<p>\nOn February 26, 2021, Hindenburg Research (\u201cHindenburg\u201d) and Culper Research published reports regarding SOS, alleging that the Company was a &#8220;pump and dump&#8221; scheme that used fake addresses and doctored photos of crypto miners to create an illusion of success. The reports pointed out that SOS lists a hotel room as the company\u2019s headquarters and questioned whether SOS purchased mining rigs from HY International Group New York Inc. (\u201cHY\u201d), which appeared to be a shell company. They also claimed that FXK Technology Corporation (\u201cFXK\u201d), which SOS announced it would purchase, was actually \u201can undisclosed related party shell.\u201d Moreover, the reports noted that the photographed SOS &#8220;miners&#8221; weren&#8217;t the A10 Pros the company claimed to own but were actually Avalon&#8217;s A1066 miners. Hindenburg went even further and found the original images from SOS&#8217;s site belonged to a rival RHY.\n<\/p>\n<p>\nOn this news, the Company\u2019s share price fell $1.27, or 21%, to close at $4.77 per share on February 26, 2021.\n<\/p>\n<p>\nAfter the end of the Class Period, between February 27 and March 3, 2021, Hindenburg subsequently provided additional information on SOS that further supported its earlier allegations, including pictures, highlighting, <i>inter alia<\/i>, how SOS had allegedly taken steps to hide the misconduct noted in the February 26, 2021 corrective disclosures.\n<\/p>\n<p>\nThe complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements, as well as failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) SOS had misrepresented the true nature, location, and\/or existence of at least one of the principal executive offices listed in its SEC filings; (2) HY and FXK were either undisclosed related parties and\/or entities fabricated by the Company; (3) the Company had misrepresented the type and\/or existence of the mining rigs that it claimed to have purchased; and (4) as a result, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis at all relevant times.\n<\/p>\n<p>\nFollow us for updates on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fglancy-prongay-murray-llp&amp;esheet=52407731&amp;newsitemid=20210407005395&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=4&amp;md5=48f019f6e141843942f72cedbeafcc3f\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FGPM_llp&amp;esheet=52407731&amp;newsitemid=20210407005395&amp;lan=en-US&amp;anchor=Twitter&amp;index=5&amp;md5=4b9126e2373bab34ac01b72a4e877d5e\">Twitter<\/a>, or <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2FGlancyLawFirm%2F&amp;esheet=52407731&amp;newsitemid=20210407005395&amp;lan=en-US&amp;anchor=Facebook&amp;index=6&amp;md5=5c388d6d251d2bc2a24c0cfd24e75213\">Facebook<\/a>.\n<\/p>\n<p>\nIf you purchased or otherwise acquired SOS ADSs during the Class Period, you may move the Court no later than <b>June 1, 2021 <\/b>to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to <a rel=\"nofollow\" href=\"mailto:shareholders@glancylaw.com\">shareholders@glancylaw.com<\/a>, or visit our website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.glancylaw.com%2F&amp;esheet=52407731&amp;newsitemid=20210407005395&amp;lan=en-US&amp;anchor=www.glancylaw.com&amp;index=7&amp;md5=a9c38464894dde8db9024b763761d338\">www.glancylaw.com<\/a>. If you inquire by email please include your mailing address, telephone number and number of shares purchased.\n<\/p>\n<p>\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210407005395r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210407005395\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210407005395\/en\/<\/a><\/span><\/p>\n<p>\nGlancy Prongay &amp; Murray LLP, Los Angeles<br \/>\n<br \/>Charles H. Linehan, 310-201-9150 or 888-773-9224<br \/>\n<br \/>1925 Century Park East, Suite 2100<br \/>\n<br \/>Los Angeles, CA 90067<br \/>\n<br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.glancylaw.com&amp;esheet=52407731&amp;newsitemid=20210407005395&amp;lan=en-US&amp;anchor=www.glancylaw.com&amp;index=8&amp;md5=4faca44c0896abd52c190d7095e8b91d\">www.glancylaw.com<br \/>\n<\/a><br \/><a rel=\"nofollow\" href=\"mailto:shareholders@glancylaw.com\">shareholders@glancylaw.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210407005395\/en\/478343\/3\/GPM_Logo_Colo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of SOS Limited (SOS) Investors LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired SOS Limited (\u201cSOS\u201d or the \u201cCompany\u201d) (NYSE: SOS) American Depositary Shares (\u201cADSs\u201d or \u201cshares\u201d) between July 22, 2020 and February 25, 2021, inclusive (the \u201cClass Period\u201d). SOS investors have until June 1, 2021 to file a lead plaintiff motion. If you suffered a loss on your SOS investments or would like to inquire about potentially pursuing claims to recover your loss &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-a-leading-securities-fraud-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-sos-limited-sos-investors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of SOS Limited (SOS) Investors&#8221;<\/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-473113","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of SOS Limited (SOS) Investors - 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\/glancy-prongay-murray-llp-a-leading-securities-fraud-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-sos-limited-sos-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of SOS Limited (SOS) Investors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of SOS Limited (SOS) Investors LOS ANGELES&#8211;(BUSINESS WIRE)&#8211;Glancy Prongay &amp; Murray LLP (\u201cGPM\u201d), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired SOS Limited (\u201cSOS\u201d or the \u201cCompany\u201d) (NYSE: SOS) American Depositary Shares (\u201cADSs\u201d or \u201cshares\u201d) between July 22, 2020 and February 25, 2021, inclusive (the \u201cClass Period\u201d). SOS investors have until June 1, 2021 to file a lead plaintiff motion. If you suffered a loss on your SOS investments or would like to inquire about potentially pursuing claims to recover your loss &hellip; Continue reading &quot;Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of SOS Limited (SOS) Investors&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-a-leading-securities-fraud-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-sos-limited-sos-investors\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-07T18:03:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210407005395r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\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=\"4 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\\\/glancy-prongay-murray-llp-a-leading-securities-fraud-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-sos-limited-sos-investors\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/glancy-prongay-murray-llp-a-leading-securities-fraud-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-sos-limited-sos-investors\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Glancy Prongay &amp; 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Murray LLP (\u201cGPM\u201d), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired SOS Limited (\u201cSOS\u201d or the \u201cCompany\u201d) (NYSE: SOS) American Depositary Shares (\u201cADSs\u201d or \u201cshares\u201d) between July 22, 2020 and February 25, 2021, inclusive (the \u201cClass Period\u201d). SOS investors have until June 1, 2021 to file a lead plaintiff motion. If you suffered a loss on your SOS investments or would like to inquire about potentially pursuing claims to recover your loss &hellip; Continue reading \"Glancy Prongay &amp; Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of SOS Limited (SOS) Investors\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-a-leading-securities-fraud-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-sos-limited-sos-investors\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-07T18:03:23+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210407005395r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-a-leading-securities-fraud-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-sos-limited-sos-investors\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/glancy-prongay-murray-llp-a-leading-securities-fraud-law-firm-announces-the-filing-of-a-securities-class-action-on-behalf-of-sos-limited-sos-investors\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Glancy Prongay &amp; 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