{"id":499717,"date":"2021-05-28T08:39:02","date_gmt":"2021-05-28T12:39:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sos-4-day-deadline-alert-investors-with-losses-should-contact-hagens-berman-before-june-1st-application-deadline\/"},"modified":"2021-05-28T08:39:02","modified_gmt":"2021-05-28T12:39:02","slug":"sos-4-day-deadline-alert-investors-with-losses-should-contact-hagens-berman-before-june-1st-application-deadline","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sos-4-day-deadline-alert-investors-with-losses-should-contact-hagens-berman-before-june-1st-application-deadline\/","title":{"rendered":"SOS 4-DAY DEADLINE ALERT: Investors with Losses Should Contact Hagens Berman Before June 1st Application Deadline"},"content":{"rendered":"
\n

SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges SOS Limited (NYSE: SOS) <\/strong>investors to submit their losses now.<\/a>\u00a0\u00a0<\/p>\n

\n Class Period: <\/strong>July 22, 2020 \u2013 Feb. 25, 2021
Lead Plaintiff Deadline: <\/strong>June 1, 2021
Visit:<\/strong>www.hbsslaw.com\/investor-fraud\/SOS<\/a>
Contact An Attorney Now:<\/strong>SOS@hbsslaw.com<\/a>
844-916-0895<\/strong><\/p>\n

\n SOS Limited (SOS) Securities Fraud Class Action: <\/strong>\n <\/p>\n

The complaint centers on SOS\u2019s purported entry into the bitcoin mining business. On Jan. 21, 2021, SOS claimed it purchased over 15,000 mining rigs from HY International Group New York (\u201cHY\u201d), and a month later, claimed that 5,000 mining rigs had gone live.<\/p>\n

The complaint alleges that, in truth, SOS has misrepresented the type and\/or existence of bitcoin mining rigs SOS claimed to have purchased and concealed related party transactions.<\/p>\n

The truth emerged on Feb. 26, 2021, when Hindenburg Research<\/em> and Culper Research<\/em> both claimed that SOS was an intricate\u00a0\u201cpump and dump\u201d\u00a0scheme that used fake addresses and doctored photos of crypto\u00a0miners to create an illusion of success. The analysts pointed out that the company\u2019s SEC filings, for instance,\u00a0listed a hotel room as the firm\u2019s headquarters. The analysts also questioned whether SOS had actually purchased the claimed mining rigs, as HY appears to be a fake shell company. Most damaging, the analysts alleged that photos SOS had published of their \u201cmining rigs\u201d were phony. Culper<\/em> noted that the photographed SOS \u201cminers\u201d\u00a0weren\u2019t the A10 Pros\u00a0the company claimed to own. Instead, they were pictures of Avalon\u2019s A1066 miners. Hindenburg<\/em> further found the\u00a0original images\u00a0from SOS\u2019s site belonged to a legitimate rival, RHY.<\/p>\n

After the class period, on Mar. 9, 2021 SOS admitted that rig seller HY was formed to preserve the \u201cconfidentiality\u201d of a Chinese seller of used<\/strong> mining rigs.<\/p>\n

\n Then, on Mar. 12, 2021 <\/strong>
\n
\n Culper <\/em>
\n <\/strong>
\n claimed<\/strong> that SOS board member Wenbin Wu is directly linked to HY and arguing that SOS\u2019s supposed desire for \u201c\u2018confidentiality\u2019 is in fact a thinly-veiled excuse for fraud via an undisclosed related party transaction.\u201d<\/p>\n

\n Media outlets including <\/strong>
\n
\n Stock Telegraph<\/em>
\n <\/strong>
\n have observed SOS\u2019s failure to substantively refute any of <\/strong>
\n
\n Hindenburg\u2019s<\/em>
\n <\/strong>
\n and <\/strong>
\n
\n Culper\u2019s <\/em>
\n <\/strong>
\n allegations, making SOS lose investors\u2019 confidence.<\/strong>\n <\/p>\n

\u201cWe\u2019re focused on investors\u2019 losses and proving SOS is a false promotion scheme,\u201d said Reed Kathrein, 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: <\/strong>Persons with non-public information regarding SOS should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895<\/strong> or email SOS@hbsslaw.com<\/a>.<\/p>\n

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

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


\n
\n \n <\/div>\n

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

SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges SOS Limited (NYSE: SOS) investors to submit their losses now.\u00a0\u00a0 Class Period: July 22, 2020 \u2013 Feb. 25, 2021Lead Plaintiff Deadline: June 1, 2021Visit:www.hbsslaw.com\/investor-fraud\/SOSContact An Attorney Now:SOS@hbsslaw.com844-916-0895 SOS Limited (SOS) Securities Fraud Class Action: The complaint centers on SOS\u2019s purported entry into the bitcoin mining business. On Jan. 21, 2021, SOS claimed it purchased over 15,000 mining rigs from HY International Group New York (\u201cHY\u201d), and a month later, claimed that 5,000 mining rigs had gone live. The complaint alleges that, in truth, SOS has misrepresented the type and\/or existence of bitcoin mining rigs SOS claimed to have purchased and concealed related party transactions. The truth emerged on Feb. … <\/p>\n

Continue reading “SOS 4-DAY DEADLINE ALERT: Investors with Losses Should Contact Hagens Berman Before June 1st Application Deadline”<\/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-499717","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSOS 4-DAY DEADLINE ALERT: Investors with Losses Should Contact Hagens Berman Before June 1st Application Deadline - 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\/sos-4-day-deadline-alert-investors-with-losses-should-contact-hagens-berman-before-june-1st-application-deadline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SOS 4-DAY DEADLINE ALERT: Investors with Losses Should Contact Hagens Berman Before June 1st Application Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, May 28, 2021 (GLOBE NEWSWIRE) — Hagens Berman urges SOS Limited (NYSE: SOS) investors to submit their losses now.\u00a0\u00a0 Class Period: July 22, 2020 \u2013 Feb. 25, 2021Lead Plaintiff Deadline: June 1, 2021Visit:www.hbsslaw.com\/investor-fraud\/SOSContact An Attorney Now:SOS@hbsslaw.com844-916-0895 SOS Limited (SOS) Securities Fraud Class Action: The complaint centers on SOS\u2019s purported entry into the bitcoin mining business. On Jan. 21, 2021, SOS claimed it purchased over 15,000 mining rigs from HY International Group New York (\u201cHY\u201d), and a month later, claimed that 5,000 mining rigs had gone live. The complaint alleges that, in truth, SOS has misrepresented the type and\/or existence of bitcoin mining rigs SOS claimed to have purchased and concealed related party transactions. 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