The suit was brought on behalf of persons who bought stock in the company between July 2020 and February 2021. SOS Ltd., a Qingdao-based company specializing in data and technology products, announced yesterday that 6,039 ETH and BTC mining rigs it had received in the past month are now active at the company's cryptocurrency mining center in Sichuan Province. Change value during other periods is calculated as the difference between the last trade and the most recent settle. In addition, SOS announced that on the 27th of June, 2022 it will host a Super-computing Center Open House Day. CNN Sans & 2016 Cable News Network. The majority of SOS' China operations, namely, its insurance businesses, call centers and ethereum mining businesses, remain unaffected and fully operational. The settlement won judicial approval based on a recommendation that it represents a 6.5% recovery of the optimal damages amount. The Clerk's Office has made the appropriate changes. SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company . Our second option allows you to build your bundle and strategically select the content that pertains to your needs. But Pascal wrote that the$5 million settlement was reasonable for several reasons. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. " QINGDAO, China, October 28, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") has actively been relocating its bitcoin mining rigs to a facility in Niagara, WI. Yandai Wang, CEO of SOS Limited commented, "we believe our joint venture with Ronghe is a key infrastructure investment focused on blockchain and big data, which will be a growth engine for both SOS and Ronghe." About Ronghe Holding Our Team Account subscription service is for legal teams of four or more attorneys. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. SOS Limited, described as a Cayman Islands-domiciled, China-based "technology company that purportedly provides marketing data, technology, and solutions for emergency rescue services" whose securities are listed on the New York Stock Exchange; Yandai Wang, and Eric H. Yan at the U. S. District Court for the District of New Jersey. Access this case on the New Jersey District Court's Electronic Court Filings (ECF) System. Currently, Yandai Wang is Executive Chairman & Chief Executive Officer for SOS Ltd. and Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. The two companies will inject $9.1 million in the venture . Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. No potential class members objected to the settlement terms, even after more than 125,000 notices of the settlement terms were sent out by various means. Discovery Company. . Although at this point, we do not have any definitive agreement for such acquisition, we remain optimistic about our strategic expansion in North America.". Forward looking statements may be identified by words such as "may", "can", "should", "will", "estimate", "plan", "project", "forecast", "intend", "expect", "predict", "believe", "seek", "target", "Outlook" or similar words. This is why it happened. Senior U.S. District Judge Robert Kugler on Friday adopted a report by U.S. Magistrate Judge Elizabeth Pascal recommending approval of the settlement with SOS Ltd. of Qingdao City, China. He received his. United States District Court for the District of New Jersey. Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms financials, staffing, clients, news and events. All rights reserved. Under the agreement, the new joint venture will be called SOS Ronghe Digital Technology Co., Ltd., aka SOS Ronghe. There are 1 older and no younger executives at SOS. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. All rights reserved. SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company providing a wide range of services to its corporate and individual members, including marketing data, technology and solutions for emergency rescue services. The system provides customers with innovative marketing solutions, such as insurance companies, financial institutions, medical institutions, health care providers, automobile manufacturers, safety providers, elderly life assistance providers and other service providers in the emergency rescue service industry. A company operating what analysts said was a pump and dump cryptocurrency mining scheme settled a securities class action brought on behalf of investors for $5 million. Join New Jersey Law Journal now! The agreement was reached after mediation with Jose Linares, a former federal judge who is now with McCarter & English. (dd, ). Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. . Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. Disclaimer. It focuses on the research and development of big data, cloud computing, Internet of Things, block chain and artificial intelligence. . Most stock quote data provided by BATS. The final step of Phase I will add an additional 20MW capacity and is expected to completed in the June timeframe. Under terms of the agreement, Niagara Development will be responsible for providing up to 150MW of electricity, including electricity generated from renewable sources, and construction the Digital Super Computing Custody Operation Center. Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. Kevin Cooper of Carella Byrne declined to comment on the settlement. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. 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At that time it claimed to rebrand itself as an emergency services business, but less than a year later, it again shifted its focus, this time to cryptocurrency mining, the suit claimed. This docket was last retrieved on January 19, 2023. The company serves insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers, and other service providers in the emergency rescue services industry. The ideal candidate will hav CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! We are in the process of building a leading supercomputer center in North America which will provide customers with cryptocurrency mining capacity & hosting service." About SOS Before making any investment, you should do your own analysis. QINGDAO, China, Dec. 21, 2020 -- SOS Limited (NYSE: SOS) (the "Company" or "SOS" ), a high-tech company providing a wide range of data mining and marketing analysis services to its corporate and individual members in China announced today its preliminary estimates of certain financial results for its full fiscal year of 2020 ending December 31, Data are provided 'as is' for informational purposes only and are not intended for trading purposes. These forward-looking statements are based on information available as of the date of this press release and our management's current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. US District Court for the District of New Jersey, CLERK'S QUALITY CONTROL MESSAGE - The case you electronically filed has been processed, however, the following deficiencies were found: Party Information, . Over 680 client hosted servers have been deployed in mobile smart containers to date. The Company anticipates it will offer Open House Days from time to time. SOS remains committed to its block-chain strategy and strive to become a sustainability leader in the industry. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: Readers are cautioned that the outcome of any legal proceedings that have been, or will be, instituted against the Company or other parties to the JV following announcement of the JV and planned operations of the JV; the ability of the Company to meet NYSE listing standards following the transaction and in connection with the consummation thereof; the inability to engage in the operations of the JV; risks that the proposed operations disrupts current plans and operations; costs related to the JV's operations; changes in applicable laws or regulations; the ability of the JV to meet its financial and strategic goals, due to, among other things, competition, the ability of the Company to grow and manage growth profitability, maintain relationships with customers and retain its key employees; the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the "SEC") by the Company. 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