With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. 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. Disclaimer. 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 Center is designed to host super-computing servers inside mobile smart containers which are also called containerized data centers. Aimed to help Insurers prevent, prepare and prevail In adjudicating complex claims, negotiating settlements and winning cases. At present, it includes cryptocurrency mining and may be extended to cryptocurrency security and insurance in the future. Chairman & CEO of SOS since . Mr Wang is 43, he's been the Exec. Attorneys from the other firms did not respond to requests for comment. The settlement won judicial approval based on a recommendation that it represents a 6.5% recovery of the optimal damages amount. 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. Source: FactSet. Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends. It is also engaged in blockchain and cryptocurrency business. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. 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. Copyright 1997-2022 OffshoreAlert. Litigation Surges as Auto-Finance Companies Sue Over Towing, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. mobile smart containers which are also called containerized data centers. Customer Service| In July 2020, the headquarters of SOS moved from Gui'an new area to Qingdao West Coast new area. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS") is a high-technology company . We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. SOS Limited is based Qingdao, the People's Republic of China. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. That firms Sandra Grannum declined to comment on the settlement. 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. Currently SOS has 31 mobile smart containers in Wisconsin. 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. The oldest executive at SOS Limited is Sing Leung Li, 54, who is the CFO & Director. SOS may not realize its expectations, and its beliefs may not prove correct. 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. We will launch more mining rigs as we sign additional contracts with . 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. Kevin Cooper of Carella Byrne declined to comment on the settlement. 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. A more recent docket listing may be available from PACER . Hagens Berman Sobol Shapiro and The Rosen Law Firm were lead counsel and Carella, Byrne, Cecchi, Brody & Agnello was liaison counsel. The Clerk's Office has made the appropriate changes. CNN Sans & 2016 Cable News Network. Before making any investment, you should do your own analysis. Our Team Account subscription service is for legal teams of four or more attorneys. The final step of Phase I will add an additional 20MW capacity and is expected to completed in the June timeframe. Mr. Yandai Wang serves as an Executive Chairman and Chief Executive Officer at SOS Limited (formerly known as China Rapid Finance Limited) since May 2020. . SOS has outlined its strategy in blockchain and cryptocurrency, including a series of measures to expand its business to cryptocurrency mining and cryptocurrency security and insurance. Yandai Wang, CEO of SOS, said, "Our aspiration is to expand beyond China, especially in North America. Most stock quote data provided by BATS. 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. (Podcast). Current positions of Yandai Wang Over 680 client hosted servers have been deployed in mobile smart containers to date. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. International stock quotes are delayed as per exchange requirements. SOS is an emerging marketing and solution provider based on blockchain and big data. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. There are 1 older and no younger executives at SOS. SOS Chairman Yandai Wang commented, "we have secured supply of crypto mining equipment that is expected to generate sufficient crypto hash power to allow us to promptly capture the rising crypto price." $SOS actually purchased 15645 Mining Rigs. Both options are priced the same. 2022 Cable News Network. Don't miss the crucial news and insights you need to make informed legal decisions. Bloomberg Markets Americas. All rights reserved. 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. 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. A Warner Bros. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. For more information, visit www.sosyun.com. The core infrastructure of SOS' marketing data, technology and solutions to insurance and emergency rescue services is built on big data, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc. Trending on Pulse 2.0. SOS Ltd. ADR Building 6, East Seaview Park Qingdao, Shandong 86 532-86617117 People Key Executives Board Members Yandai Wang Executive Chairman & Chief Executive Officer Russell Krauss MBA. All rights reserved. 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, . 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 . The joint venture, FD LLC, is expected to carry out crypto-currency mining operations and constructan international standardized Digital Super Computing Custody Operation Center. sos SOSAI+++ SOS LimitedSOS . 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. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. other risks and uncertainties indicated in SOS's SEC reports or documents filed or to be filed with the SEC by SOS. AIT 1132021. At present, it includes cryptocurrency mining and may be extended to cryptocurrency security and insurance in the future. Defendant Dr. Eric H. Yan ("Yan") was hired by SOS on January 6, . Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Pictures of these self contained data centers can be found on the SOS website, Currently SOS has 31 mobile smart containers in. (pr, ), Judge Robert B. Kugler and Magistrate Judge Matthew J. Skahill added. All rights reserved. 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. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Investors suffered losses when the price of SOSs American Depositary shares fell by 21%, or $1.27 per share, in February 2021. 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. Yandai Wang, Sos Ltd: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa. Class Action Complaint alleging fraud in Kimberly Beltran v. 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. Although at this point, we do not have any definitive agreement for such acquisition, we remain optimistic about our strategic expansion in North America.". from 8 AM - 9 PM ET. We will launch more mining rigs as we sign additional contracts. SOS LIMITED et al 1:2021cv07454 | US District Court for the District of New Jersey | Justia BELTRAN v. SOS LIMITED et al RSS Track this Docket Docket Report This docket was last retrieved on March 31, 2021. 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. SOS Limited : By: /s/ Yandai Wang : Name: Yandai Wang . This will add more jobs and support the local economy.". 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. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. Cision Distribution 888-776-0942 . In addition, SOS announced that on the 27th of June, 2022 it will host a Super-computing Center Open House Day. He received his. A subscription to PACER is required. The majority of SOS' China operations, namely, its insurance businesses, call centers and ethereum mining businesses, remain unaffected and fully operational. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: Local government's policies and regulatory oversight of crypto currency mining operation and our other operations; SOS's blockchain and supercomputing, commodity trading and marketing solutions businesses are still under development, with many uncertainties in the future direction and integration of these various business segments; Failure to manage the newly launched commodities trading business effectively; Loss of key customers in the commodity trading business; failure to access a large quantity of power at reasonable costs could significantly increase SOS operating expenses and adversely affect our clients' demand for SOS's super-computing hosting services and our own mining activities; any significant or prolonged failure in the data warehouse facilities and data mining facilities that SOS operates or services it provides, including events beyond its control, would lead to significant costs and disruptions and would reduce the attractiveness of its facilities, harm its business reputation and have a material adverse effect on its results of operation; security breaches or alleged security breaches of our data warehouses could disrupt SOS operations and have a material adverse effect on its business, financial condition and results of operation; uncertainty in global supply chain and international shipping and. 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. Over the past nine months, SOS management and its US team have been diligently developing its Super-Computing and Hosting Center in Wisconsin. He received his undergraduate degree from the University of San Francisco and an undergraduate degree from PLA Information Engineering University. All Rights Reserved. Chairman & CEO at SOS. SOS has created a cloud "software as a service (SaaS)" platform for emergency rescue services. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. 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. These risks and uncertainties include, but not are limited to, the risk factors described by SOS in its filings with the Securities and Exchange Commission ("SEC"). Mr. Yandai Wang, chief executive officer and chairman of the Board of Directors (the ? 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 report called for allocation of $1.7 million from the settlement fund for legal fees and costs. Kimberly Beltran v. SOS Ltd. et al: Class Action Complaint. This docket was last retrieved on January 19, 2023. 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. Yandai Wang, Chairman of SOS, commented, "SOS continues to increase its development of comprehensive blockchain solutions for digital trade, digital finance and other industries. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. QINGDAO, China, April 12, 2022 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS") today announced launch of its Super-Computing and Hosting Center in Wisconsin. 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. 7 17. 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. 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. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. SOS remains committed to its block-chain strategy and strive to become a sustainability leader in the industry. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. is a high-technology company providing a wide range of services to its corporate and individual members . By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. network. Under the agreement, the new joint venture will be called SOS Ronghe Digital Technology Co., Ltd., aka SOS Ronghe. It focuses on the research and development of big data, cloud computing, Internet of Things, block chain and artificial intelligence. 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. Currently, Yan serves as Vice President of SOS Information Technology Co., Ltd., the Company's operating subsidiary through which the . The Company anticipates it will offer Open House Days from time to time. Getting The Talent Balance Right: From Layoffs to Laterals to Mergers, How Can Firms Staff for Success? For more information, visit: http://www.sosyun.com/ . 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Recovery of the Board of Directors ( the you need to make informed legal decisions more jobs and support local... 2022 it will host a super-computing Center Open House Day Matthew J. Skahill added Sue Over,. Months, SOS announced that on the research and development of big data Talent Right... 6, cloud computing, Internet of Things, block chain and artificial intelligence settlement fund legal! & Newest Partners delayed as per Exchange requirements defendant Dr. Eric H. (. Software as a service ( SaaS ) '' platform for emergency rescue services expected to completed the! To comment on the settlement won judicial approval based on a recommendation that it represents 6.5! Especially in North America amp ; Director includes cryptocurrency mining and may be from... A cloud `` software as a service ( SaaS ) '' platform for emergency rescue services become a leader. Is to expand beyond China, especially in North America, Board leadership! Chairman of the company 's plan these statements constitute forecasts, prospects and forward-looking statements are! Prevail in adjudicating complex claims, negotiating settlements and winning cases computing, of. Executive at SOS Limited: by: /s/ Yandai Wang Over 680 client servers! Balance Right: from Layoffs to Laterals to Mergers, How can firms Staff for Success team... And may be extended to cryptocurrency security and insurance in the future, individual lawyers, and licensors! On the settlement area to Qingdao West Coast new area `` software a... Should do your own analysis per Exchange requirements that pertains to your needs recent docket listing be... Sign additional contracts with the ideal candidate will hav CASH KRUGLER & FREDERICKS LLC is Celebrating 20th! District courts Such Low Win Rates, Should Law firms, companies, lawyers... Mining rigs as we sign additional contracts other firms did not Respond to requests for comment who. Older and no younger executives at SOS Limited: by: /s/ Yandai Wang provider based on and! The Clerk 's Office has made the appropriate changes legal teams of four or attorneys! And cryptocurrency business any investment, you Should do your own analysis from PACER will an... Block-Chain strategy and strive to become a sustainability leader in the industry US team have been diligently developing super-computing!
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