We will continue to invest in more high level rigs for our own mining use and increase the manpower to support local operations. (dd, ). Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Based on our data team's research, Yandai Wang is the The SOS Group's CEO. The technologies and solutions of insurance and emergency rescue services are based on big data, blockchain based technology, cloud computing, artificial intelligence, satellite and 5G network. The settlement won judicial approval based on a recommendation that it represents a 6.5% recovery of the optimal damages amount. The oldest executive at SOS Limited is Sing Leung Li, 54, who is the CFO & Director. SOS' SEC filings are available publicly on the SEC's website at www.sec.gov. As 'Crypto Winter' Drives Insolvency and Fraud, Lawyers Find New Ways of Tracking Decentralized Assets, Unlucky Friday the 13th: Lawyer's $59K Sanction Is His 2nd Monetary Penalty in 8 Days, Where's My Car? Attorneys from the other firms did not respond to requests for comment. According to the suit, SOS purports to be a technology company that provides marketing data, technology and solutions for emergency rescue services. Yandai Wang, CEO of SOS, said, "Our aspiration is to expand beyond China, especially in North America. CNN Sans & 2016 Cable News Network. SOS has created a cloud "software as a service (SaaS)" platform for emergency rescue services. The suit was brought on behalf of persons who bought stock in the company between July 2020 and February 2021. other risks and uncertainties indicated in SOS's SEC reports or documents filed or to be filed with the SEC by SOS. Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The CEO of the company, Yandai Wang, stated in the earnings release: "We will continue to leverage our data mining and analysis platforms, with a goal of developing a robust pipeline for. 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It focuses on the research and development of big data, cloud computing, Internet of Things, block chain and artificial intelligence. The firm created a SOS cloud emergency rescue service software as a service (SaaS) platform with three major product categories, including basic cloud (medical rescue card, car rescue card, financial rescue card, mutual assistance rescue card), cooperative cloud (information rescue center, intelligent big data, intelligent software and hardware), and information cloud. He received his undergraduate degree from the University of San Francisco and an undergraduate degree from PLA Information Engineering University. SOS is an emerging marketing solution provider based on blockchain and big data drive. 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. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. SOS Ltd - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of December 2022 Commission File Number: 001-3 - 6-K - December 06, 2022 . Trending on Pulse 2.0. Specifically, forward-looking statements may include statements related to the following matters of the Company: Changes in SOS product and service market; and. This system provides innovative marketing solutions to clients, such as insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, and other service providers in the emergency rescue services industry. Access this case on the New Jersey District Court's Electronic Court Filings (ECF) System. 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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. Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. The core infrastructure of SOS' marketing data, technology and solutions to insurance and emergency rescue services is built on big date, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc. All rights reserved. This docket was last retrieved on January 19, 2023. All rights reserved. https://www.law.com/njlawjournal/2023/01/20/5m-settlement-shareholders-in-cryptocurrency-mining-company-resolve-class-action/. SOS has obtained a national high-tech enterprise certification and the title of "Big Data Star Enterprise," awarded by the Gui'an New District Government. We will launch more mining rigs as we sign additional contracts. The Clerk's Office has made the appropriate changes. Kimberly Beltran v. SOS Ltd. et al: Class Action Complaint. Investors suffered losses when the price of SOSs American Depositary shares fell by 21%, or $1.27 per share, in February 2021. As a result, SOSs public statements were false and misleading, the suit said. AIT 1132021. Pictures of these self contained data centers can be found on the SOS website, Currently SOS has 31 mobile smart containers in. SOS Ltd., based in China, agreed to a $5 million settlement of a securities class action claiming that it misled investors about a cryptocurrency mining operation. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. QINGDAO, China, June 21, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company"or "SOS") announced today that it has entered into a joint venture agreement with Niagara Development LLC ("Niagara Development"), a New Jersey limited liability company, for a joint venture to be based in Niagara, Wisconsin. 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. 2022 Cable News Network. This should provide for operation of up to 10,000 additional super-computing servers. The suit claimed that SOS changed its business model multiple times and made false statements about the location of its offices, the nature of cryptocurrency mines it claimed to have purchased and agreements it had with other fabricated businesses. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. The cryptocurrency miner has struck a deal with investors to exercise warrants. 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 times are ET. Executive Chairman & Chief Executive Officer, Chief Financial Officer & Executive Director. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Currently, Yandai Wang is Executive Chairman & Chief Executive Officer for SOS Ltd. and Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. The agreement was reached after mediation with Jose Linares, a former federal judge who is now with McCarter & English. Pictures of these self contained data centers can be found on the SOS website, (http://www.sosyun.com/). SOS is an emerging marketing and solution provider based on blockchain and big data. SOS remains committed to its block-chain strategy and strive to become a sustainability leader in the industry. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Kimberly Beltran v. SOS Ltd. et al: Class Action Complaint China, especially in North.... Committed to its block-chain strategy and strive to become a sustainability leader in the.. 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