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. Currently, Yandai Wang is Executive Chairman & Chief Executive Officer for SOS Ltd. and Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. This represents progress on another step in SOS' strategy to build out its North America operations. 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. Yandai Wang, CEO of SOS Limited commented, "we believe our joint venture with Ronghe is a key infrastructure investment focused on blockchain and big data, which will be a growth engine for both SOS and Ronghe." About Ronghe Holding 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. Litigation Surges as Auto-Finance Companies Sue Over Towing, Law.com Editors and Analysts Offer Top Trends to Watch for 2023. Copyright 2023 ALM Global, LLC. Copyright FactSet Research Systems Inc. All rights reserved. Copyright 1997-2022 OffshoreAlert. It is also engaged in blockchain and cryptocurrency business. Based on our data team's research, Yandai Wang is the The SOS Group's CEO. "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 cryptocurrency price," said SOS Chairman Yandai Wang. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. Bloomberg Markets Americas. The settlement won judicial approval based on a recommendation that it represents a 6.5% recovery of the optimal damages amount. 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 SOS@hbsslaw.com 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. 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 . More such rigs will go online as the company secures more power supply from electricity providers . This provides for the operation of up to 2,500 super-computing servers. It is also engaged in blockchain and cryptocurrency business. Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. 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. 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. As a result, SOSs public statements were false and misleading, the suit said. About Us| SOS Ltd., a Qingdao-based company specializing in data and technology products, announced yesterday that 6,039 ETH and BTC mining rigs it had received in the past month are now active at the company's cryptocurrency mining center in Sichuan Province. 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. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. 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. 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. These containers hold the complete technological infrastructure of a classic data center, but are housed in a steel container. There are 1 older and no younger executives at SOS. The products are divided into three categories: basic cloud, cooperative cloud and information cloud. The report called for allocation of $1.7 million from the settlement fund for legal fees and costs. The two companies will inject $9.1 million in the venture . Map Phone: +86 532 86617117 Fax: - https://service.sosyun.com Incorporated. 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. As a result, caution must be exercised in relying on forward-looking statements. Kimberly Beltran v. SOS Ltd. et al: Class Action Complaint. 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 SOS has no insurance coverage and must pay the settlement out of its own pockets, and in 2021 China banned crypto-mining and cryptocurrency transactions, which limits the companys future prospects, according to Pascal. . It has about 20 million members in China. The stock price of Sos Ltd (NYSE: SOS) is trading at over 2% pre-market today. Subscribe to Justia's Free Newsletters featuring summaries of federal and state court opinions. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. In addition, SOS announced that on the 27th of June, 2022 it will host a Super-computing Center Open House Day. Chairman & CEO at SOS. Chairman & CEO of SOS since . 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 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. 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. Access will be granted to all successfully registered visitors. 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. Disclaimer: This content is intended for informational purposes. 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. Over the past nine months, SOS management and its US team have been diligently developing its Super-Computing and Hosting Center in Wisconsin. Currently SOS has 31 mobile smart containers in Wisconsin. Simply Wall Street Pty Ltd (ACN . Source: Kantar Media, Executive Chairman & Chief Executive Officer. The final step of Phase I will add an additional 20MW capacity and is expected to completed in the June timeframe. 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. The ideal candidate will hav CASH KRUGLER & FREDERICKS LLC is Celebrating Our 20th Anniversary & Newest Partners! Data are provided 'as is' for informational purposes only and are not intended for trading purposes. SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in China. Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives. 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. SOS has signed multiple agreements for hosting and managing more than 21,000 mining rigs. When typing in this field, a list of search results will appear and be automatically updated as you type. (Podcast). Company Description SOS Ltd. is a holding company, which provides marketing data, technology and solutions to the emergency rescue services in China. What happened Shares of SOS Limited ( SOS 1.49%) tanked today, down by 12% as of 11:30 a.m. EST, after the. Age Mr Wang Mr Li 0 20 40 60 wallmine.com What does SOS do? Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Access this case on the New Jersey District Court's Electronic Court Filings (ECF) System. Although at this point, we do not have any definitive agreement for such acquisition, we remain optimistic about our strategic expansion in North America.". Both options are priced the same. United States District Court for the District of New Jersey. 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. may be available from PACER. SOS Limited : By: /s/ Yandai Wang : Name: Yandai Wang . Attorneys from the other firms did not respond to requests for comment. 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 members, including marketing data, technology and solutions for emergency rescue services. He received an undergraduate degree from PLA Information Engineering University and an undergraduate degree from the University of San Francisco. 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. Investors suffered losses when the price of SOSs American Depositary shares fell by 21%, or $1.27 per share, in February 2021. We will launch more mining rigs as we sign additional contracts. 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. 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. He received his. 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. It has a capacity of 5MW and is currently hosting 4 mobile containers. Current positions of Yandai Wang It focuses on the research and development. other risks and uncertainties indicated in SOS's SEC reports or documents filed or to be filed with the SEC by SOS. Currently, Yandai Wang is Executive Chairman & Chief Executive Officer for SOS Ltd. and Chairman & Chief Executive Officer at Sos Information Technology Co., Ltd. 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. 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. Last updated: 1 January 2023 at 11:00am EST. License our industry-leading legal content to extend your thought leadership and build your brand. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Aaronson Rappaport Feinstein & Deutsch, LLP Is Pleased To Announce Patrick P. Mevs & Daniel W. Milstein Have Become Members Of The Firm. 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. At present, it includes cryptocurrency mining and may be extended to cryptocurrency security and insurance in the future. The settlement represents a recovery of 6.5% of $76 million, which is the best-case scenario for recovery ofdamages by the class. This is why it happened. For more information, visit: http://www.sosyun.com/ . 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. 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. Before making any investment, you should do your own analysis. According to the suit, SOS purports to be a technology company that provides marketing data, technology and solutions for emergency rescue services. Executive Summary. Our Team Account subscription service is for legal teams of four or more attorneys. All rights reserved. Through today, the company has deployed its own 700 sets of rigs to mining production pool. A more recent docket listing Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. 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. 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. Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks the step-by-step implementation of the company's plan. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. With Such Low Win Rates, Should Law Firms Respond to So Many RFPs? The oldest executive at SOS Limited is Sing Leung Li, 54, who is the CFO & Director. Customer Service| Cryptocurrencies: Cryptocurrency quotes are updated in real-time. The Company anticipates it will offer Open House Days from time to time. The initial step of Phase I of the Center is complete. A subscription to PACER is required. At present, it includes cryptocurrency mining and may be extended to cryptocurrency security and insurance in the future. It operates SOS cloud emergency rescue service software as a service platform that offers basic cloud products, such as medical rescue, car rescue, financial rescue, and mutual assistance rescue cards; cooperative cloud products, including information rescue center, intelligent big data, and intelligent software and hardware; and information cloud products, such as News Today and E-Commerce Today. . Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! 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. Attorneys from Faegre Drinker Biddle & Reath represented SOS and co-defendants Yandai Wang and Eric Yan. We continue to explore the possibility of acquisition of Niagara Development, Sherman Development LLC, and Park Falls Management LLC. 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