These containers hold the complete technological infrastructure of a classic data center, but are housed in a steel container. Trending on Pulse 2.0. The products are divided into three categories: basic cloud, cooperative cloud and information cloud. 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. The report called for allocation of $1.7 million from the settlement fund for legal fees and costs. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "the initial launch of our mobile smart data hosting center solidifies our ongoing strategic transformation and our continued investment. All rights reserved. India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Musk donated around $1.95 billion in Tesla shares last year, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk recruits team to develop OpenAI rival - The Information, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, French tycoon Niel hikes stake in Millicom to 19.6%, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, Executive Chairman & Chief Executive Officer. Mr. Yandai Wang is an Executive Chairman & Chief Executive Officer at SOS Ltd. and a Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. Use the links below to access additional information about this case on the US Court's PACER system. sos SOSAI+++ The defendants are located in China, and enforcing a judgment in China is very, very difficult, the magistrate wrote. SOS' SEC filings are available publicly on the SEC's website at www.sec.gov. 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Contact Us| mobile smart containers which are also called containerized data centers. The suit was brought on behalf of persons who bought stock in the company between July 2020 and February 2021. Yandai Wang. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. Copyright 1997-2022 OffshoreAlert. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. Robert B. Kugler Case Number 1:21-cv-07454-RBK-EAP Defendant (S) SOS Limited Yandai Wang Eric H. Yan Stock Symbol NYSE: SOS File Date 03/30/2021 Class Period 07/22/2020 - 02/25/2021 Lead Plaintiff Deadline 06/01/2021 Phone 844-916-0895 Email [email protected] 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. All rights reserved. . A more recent docket listing may be available from PACER . SOS may not realize its expectations, and its beliefs may not prove correct. AIT 1132021. SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company . It is also engaged in blockchain and cryptocurrency business. Women, Influence & Power in Law UK Awards honors women lawyers who have made a remarkable difference in the legal profession. The fall was precipitated by a report from securities analysts Hindenburg Research and Culper Research that stated that SOS was an intricate, pump and dump scheme that usedfake addresses, undisclosed related entities, and doctored photos of cryptocurrency mining rigs to create an illusion of success.. This is why it happened. In addition, SOS announced that on the 27th of June, 2022 it will host a Super-computing Center Open House Day. Map Phone: +86 532 86617117 Fax: - https://service.sosyun.com Incorporated. The stock price of Sos Ltd (NYSE: SOS) is trading at over 2% pre-market today. SOS has created a cloud "software as a service (SaaS)" platform for emergency rescue services. All times are ET. United States District Court for the District of New Jersey. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Disclaimer. Current positions of Yandai Wang Additional information concerning these and other factors that may impact our expectations and projections can be found in our periodic filings with the SEC, including our Annual Report on Form 20-F for the fiscal year ended December 31, 2020. It focuses on the research and development of big data, cloud computing, Internet of Things, block chain and artificial intelligence. He received his undergraduate degree from the University of San Francisco and an undergraduate degree from PLA Information Engineering University. As a result, SOSs public statements were false and misleading, the suit said. SOS LimitedSOS . Although at this point, we do not have any definitive agreement for such acquisition, we remain optimistic about our strategic expansion in North America.". All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. The ideal candidate will hav CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! (Podcast). Ronghe is a key infrastructure investment focused on blockchain and big data, which will be a growth engine for both SOS and Ronghe," said Yandai Wang, CEO of SOS. 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? We continue to explore the possibility of acquisition of Niagara Development, Sherman Development LLC, and Park Falls Management LLC. Cryptocurrency miningis the process of using sophisticated computer hardware to solve complex calculations, which results in the creation of new cryptocurrency tokens, the suit said. 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. 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. A Warner Bros. 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 More such rigs will go online as the company secures more power supply from electricity providers . SOS is an emerging marketing and solution provider based on blockchain and big data. (pr, ), Judge Robert B. Kugler and Magistrate Judge Matthew J. Skahill added. 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, . A subscription to PACER is required. Debevoise Is Ready, Napoli Shkolnik Sues Own Attorney, Alleging 'Quiet Quitting', 'It Was Every Lawyers Nightmare': Florida Attorney Faces $2.3M Verdict Against Him. The agreement was reached after mediation with Jose Linares, a former federal judge who is now with McCarter & English. Age Mr Wang Mr Li 0 20 40 60 wallmine.com What does SOS do? But the suit said that HY and FXK were either undisclosed related parties or entities fabricated by SOS, and the reports about purchasing mining rigs were erroneous. SOS Limited is based Qingdao, the People's Republic of China. 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. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. There are 1 older and no younger executives at SOS. Mr. Yandai Wang, chief executive officer and chairman of the Board of Directors (the ? View original content:https://www.prnewswire.com/news-releases/sos-ltd-announces-launch-of-north-america-operations-with-opening-of-its-super-computing--hosting-center-in-wisconsin-301523787.html, SOS Limited (NYSE: SOS) (the "Company" or "SOS") today announced launch of, its Super-Computing and Hosting Center in, Over the past nine months, SOS management and its US team have been diligently developing its Super-Computing and Hosting Center in. Why? Chairman & CEO of SOS since . Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALMs deep bench of proprietary information to provide insights that cant be found anywhere else. Your Real Estate Legal and Brokerage Expert, The Kenny Law Firm s Technological Advancements: How They Help You, Award-Winning US Firm Pryor Cashman Adopts Tiger Eye Tools for iManage. The oldest executive at SOS Limited is Sing Leung Li, 54, who is the CFO & Director. 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. SOS executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Before making any investment, you should do your own analysis. Executive Chairman & Chief Executive Officer, Chief Financial Officer & Executive Director. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. For more information, visit: http://www.sosyun.com/ . Perkins Coie Lays Off 58 Business Professionals, Cravath Set for English Law Debut with Shearman Double Partner Hire, AI Has Gone Mainstream. https://www.law.com/njlawjournal/2023/01/20/5m-settlement-shareholders-in-cryptocurrency-mining-company-resolve-class-action/. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "the initial launch of our mobile smart data hosting center solidifies our ongoing strategic transformation and our continued investment in North America. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Investors suffered losses when the price of SOSs American Depositary shares fell by 21%, or $1.27 per share, in February 2021. Don't miss the crucial news and insights you need to make informed legal decisions. That firms Sandra Grannum declined to comment on the settlement. SOS is a new high-tech company with artificial intelligence and blockchain as its core technologies. SOS SOS Limited - ADR 85,810 $4.95 $0.24 (4.62%) Today $5.18 0.23 (4.65%) Pre-Market Market Cap $29.56M Volume (M) 871.00 52-Wk High $45.00 52-Wk Low $2.54 About Feed Sentiment Fundamentals News There is no chart data available for this period 1d 1w 1m 3m 6m 1y All Sentiment Score Message Volume Score Disclaimer: This is informational only. Specifically, forward-looking statements may include statements related to the following matters of the company: Ability to implement its business plan;Changes in SOS product and service market; andExpansion plans and opportunities. 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. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "the initial launch of our mobile smart data hosting center solidifies our ongoing strategic transformation and our continued investment. other risks and uncertainties indicated in SOS's SEC reports or documents filed or to be filed with the SEC by SOS. Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. SOS warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. A more recent docket listing With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? 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. Company Description SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in China. 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. Yandai Wang Number Of Employees 167 Sector Technology Services SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in. 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. Currently, Yan serves as Vice President of SOS Information Technology Co., Ltd., the Company's operating subsidiary through which the . Women, Influence & Power in Law UK Awards 2023, Legalweek Leaders in Tech Law Awards 2023, COMMERCIAL FINANCE ATTORNEY - CT OFFICES; REMOTE will be considered, AARONSON RAPPAPORT FEINSTEIN & DEUTSCH, LLP, Understanding the Las Vegas Crime Rate with Attorney Tony Sgro, Introducing Virginia Ivanova, Esq. The final step of Phase I will add an additional 20MW capacity and is expected to completed in the June timeframe. In July 2020, the headquarters of SOS moved from Gui'an new area to Qingdao West Coast new area. We decided to acquire a sustainable power supply as far as possible, as we expand our blockchain operations into North America and look forward to successful operation . Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in China. of the Company, holds 45% of the Purchaser?s equity interests, and Ms. Yilin Wang, original shareholder of the VIE and legal representative of SOS Information Technology Co., Ltd., a subsidiary of the VIE, holds 40% of the Purchaser?s equity interests. The two companies will inject $9.1 million in the venture . These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. Kevin Cooper of Carella Byrne declined to comment on the settlement. Under the agreement, the new joint venture will be called SOS Ronghe Digital Technology Co., Ltd., aka SOS Ronghe. This provides for the operation of up to 2,500 super-computing servers. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. 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. As a result, caution must be exercised in relying on forward-looking statements. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. For more information, please visit: http://www.sosyun.com/. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. SOS Limited (Translation of registrant's name into English) Building 6, East Seaview Park, 298 Haijing Road, Yinzhu Street West Coast New District, Qingdao City, Shandong Province 266400 People's Republic of China +86-532-86617117 (Address of principal executive office) Indicate by check mark whether the registrant files 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. from 8 AM - 9 PM ET. SOS Chairman Yandai Wang. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Such forward-looking statements include timing of the proposed transaction; the business plans, objectives, expectations and intentions of the parties; SOS' estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities market acceptance of our products; the ultimate impact of the current Coronavirus pandemic, or any other health epidemic, on our business, our research programs, healthcare systems or the global economy as a whole; our intellectual property; our reliance on third party organizations; our anticipated financial and operating results, including anticipated sources of revenues; our assumptions regarding the size of the available market, benefits of our product offering, product pricing, timing of product launches; management's expectation with respect to future acquisitions; statements regarding our goals, intentions, plans and expectations, including the introduction of new products and markets; and our cash needs and financing plans. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Subscribe to Justia's Free Newsletters featuring summaries of federal and state court opinions. 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. Executive Chairman & Chief Executive Officer . For emergency rescue services in China in addition, SOS announced that on 27th. Featuring summaries of federal and state Court opinions the University of San Francisco and an undergraduate degree from settlement. 86617117 Fax: - https: //service.sosyun.com Incorporated dynamically explore and compare data on Law firms,,! 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