Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit Has Been Filed Against SOS Limited

NEW YORK, March 31, 2021 (GLOBE NEWSWIRE) – Bernstein Liebhard, a nationally recognized investor rights law firm, announces that on behalf of investors who have purchased the securities of SOS Limited (“SOS” or the “Company”) (NYSE: SOS) from July 22, 2020 to February 25, 2021 (the “Class Period”). The lawsuit, filed in the United States District Court for the New Jersey District, alleges violations of the Securities Exchange Act of 1934.

If you SOS securities purchased and / or wish to discuss your statutory rights and options Please visit the class action lawsuit against SOS shareholders or contact Matthew E. Guarnero toll-free at (877) 779-1414 or [email protected]

The complaint alleges that throughout the class period, Defendants made materially false and / or misleading statements and did not communicate anything to investors: (i) SOS was wrong about the true nature, location and / or existence of at least one of the companies depicted principal offices listed in SEC filings; (ii) HY and FXK were either unnamed related parties and / or Company-made companies; (iii) the Company had misrepresented the nature and / or existence of the mining equipment it allegedly purchased; and (iv) as a result, the Company’s public statements at all relevant times have been materially false and misleading.

On February 26, 2021, Hindenburg Research (“Hindenburg”) and Culper Research (“Culper”) posted a comment on SOS, claiming the company had an intricate “pump and dump” scheme involving fake addresses and manipulated photos of crypto -Rigs were created an illusion of success.

On the news, SOS’s American Depositary Share (“ADS”) fell $ 1.27 per share, or 21.03%, to close at $ 4.77 per ADS on February 26, 2021.

If you want to serve as the lead plaintiff, you must transfer the court by June 1, 2021 at the latest. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute. Your ability to partake in a recovery does not require you to be the lead plaintiff. If you don’t take action, you may remain an absent class member.

If you SOS securities purchased and / or wish to discuss your statutory rights and options Please visit https://www.bernlieb.com/cases/soslimited-sos-shareholder-class-action-lawsuit-stock-fraud-384/apply/ or contact Matthew E. Guarnero toll-free at (877) 779-1414 or [email protected]

Since 1993, Bernstein Liebhard LLP has collected more than $ 3.5 billion for its clients. In addition to representing individual investors, the firm has been hired by some of the country’s largest public and private pension funds to oversee their assets and litigate on their behalf. Because of its litigation success with hundreds of lawsuits and class actions, the firm has been featured on the National Law Journal’s “Hot List” thirteen times and on The Legal 500 for ten consecutive years.

LAWYER. © 2021 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The attorney responsible for this Connecticut state complaint is Michael S. Bigin. Past results do not guarantee or forecast a similar result with respect to future matters.

Contact information

Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
[email protected]

Comments are closed.