PHILADELPHIA, March 10, 2021 (GLOBE NEWSWIRE) — Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of SOS Limited (“SOS” or the “Company”) (NYSE: SOS) to determine whether the Company engaged in securities fraud or other unlawful business practices.
On February 26, 2021, SeekingAlpha reported that Hindenburg Research reported that SOS “drop[ped] 17% after Hindenburg Research [said] it’s short on the stock, noting [SOS’s] significant regulatory risk.”
SeekingAlpha also reported that Culper Research “released a short report on SOS . . ., saying it believes the shares are ‘worthless’. Culper says SOS’s claims around its cryptocurrency mining purchases and acquisition appears to be ‘extremely problematic.’”
On this news, SOS’s American Depositary Receipt (“ADR”) price fell $1.27, or 21.03%, closing at $4.77 per ADR on February 26, 2021.
INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, SOS SECURITIES AND SUFFERED LOSSES GREATER THAN $50,000 ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRM’S SECURITIES CLASS ACTION QUESTIONNAIRE OR CONTACT KEVIN CAULEY, DIRECTOR, CLIENT RELATIONS, (215) 792-6676, EXT. 802, [email protected], [email protected], [email protected], TO DISCUSS THE SECURITIES CLASS ACTION INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
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