$5M Settlement: Shareholders in Cryptocurrency Mining Company Resolve Class Action

[ad_1] An organization working what analysts mentioned was a “pump and dump” cryptocurrency mining scheme has settled a securities class motion introduced on behalf of traders for $5 million. U.S. District Choose Robert Kugler. Photograph: Carmen Natale/ALM Senior U.S. District Choose Robert Kugler on Friday adopted a report by U.S. Justice of the Peace Choose Elizabeth Pascal recommending approval of the settlement with SOS Restricted of Qingdao Metropolis, China. The report requires allocation of $1.7 million from the settlement fund for authorized charges and prices. [ad_2] Source link

January 20, 2023 · 10:27 PM 1 MIN READ

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<p>An organization working what analysts mentioned was a “pump and dump” cryptocurrency mining scheme has settled a securities class motion introduced on behalf of traders for $5 million.</p>

<img class="size-full wp-image-91238" src="https://images.law.com/contrib/content/uploads/sites/399/2023/01/Kugler-Robert-Vert-202301201330.jpg" alt="U.S. District Judge Robert Kugler. Photo: Carmen Natale/ALM" width="245" height="369"/> U.S. District Choose Robert Kugler. Photograph: Carmen Natale/ALM

<p>Senior U.S. District Choose Robert Kugler on Friday adopted a report by U.S. Justice of the Peace Choose Elizabeth Pascal recommending approval of the settlement with SOS Restricted of Qingdao Metropolis, China. The report requires allocation of $1.7 million from the settlement fund for authorized charges and prices.</p>

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