Lawsuit filed for Investors in shares of SOS Limited (NYSE: SOS)

An investor, who purchased shares of SOS Limited (NYSE: SOS), filed a lawsuit in the U.S. over alleged violations of Federal Securities Laws by SOS Limited.

Investors who purchased shares of SOS Limited (NYSE: SOS) have certain options and for certain investors are short and strict deadlines running. Deadline: May 31, 2021. NYSE: SOS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

China based SOS Limited, a technology company, provides marketing data, technology, and solutions for emergency rescue services to corporate and individual members.

On February 26, 2021, Hindenburg Research and Culper Research published reports regarding SOS Limited, alleging that the Company was a "pump and dump" scheme that used fake addresses and doctored photos of crypto miners to create an illusion of success. The reports pointed out that SOS Limited lists a hotel room as the company's headquarters and that SOS Limited purportedly bought mining rigs from a fake shell company. Moreover, the reports noted that the photographed SOS "miners" weren't the A10 Pros the company claimed to own but were actually Avalon's A1066 miners. Hindenburg went even further and found the original images from SOS's site belonged to a rival RHY.

Shares of SOS Limited (NYSE: SOS) declined from $15.88 per share on February 17, 2021, to as low as $4.21 per share on February 26, 2021.

The plaintiff claims that between July 22, 2020 and February 25, 2021, the 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.

Those who purchased shares of SOS Limited (NYSE: SOS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.