The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) SOS had misrepresented the true nature, location, and/or existence of at least one of the principal executive offices listed in its SEC filings; (ii) HY and FXK were either undisclosed related parties and/or entities fabricated by the Company; (iii) the Company had misrepresented the type and/or existence of the mining rigs that it claimed to have purchased; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
SOS Limited : American Depositary Shares Securities Litigation
Apr 03, 2021 | SOS Limited American Depositary Shares NYSE: SOS | Case Status: Filed
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First Identified Complaint
Kimberly Beltran, et al. v. SOS Limited, et al.
First Identified Complaint Filings
|#||Document Title||Filing Date|
|1||Class Action Complaint||March 30th, 2021|
|2||U.S. District Court Civil Docket||March 30th, 2021|