Important Deadline for Game of Silks NFT Investors
Rosen Law Firm, an international law firm specializing in investor rights, is alerting individuals who purchased Game of Silks non-fungible tokens (NFTs)—including Silks Avatar NFTs, Silks Horse NFTs, and Silks Land NFTs—about a crucial deadline. Those affected must act by April 25, 2025, to serve as lead plaintiffs in a class action lawsuit.
Eligibility for Compensation
If you are among those who bought Game of Silks NFTs, you may qualify for compensation without incurring any out-of-pocket expenses, thanks to a contingency fee structure. This arrangement means you only pay legal fees if you win the case.
Next Steps for Class Action Participation
To become part of the Game of Silks class action lawsuit, interested individuals can reach out for more information by contacting Phillip Kim, Esq., or by submitting a form through the designated website. It’s important for potential lead plaintiffs to file their motions by April 25, 2025, as they will represent other class members in the legal proceedings.
Choosing the Right Legal Representation
Rosen Law Firm advises investors to choose legal counsel with proven experience in similar cases. Many firms that issue notices lack the necessary expertise and resources to effectively handle securities class actions, often acting merely as intermediaries. The Rosen Law Firm has a strong track record in securities class actions and has secured substantial settlements for investors.
Overview of the Case
The lawsuit alleges that Game of Silks developed a metaverse game that integrates real-world horse racing with blockchain technology, allowing users to invest in virtual representations of actual racehorses and earn returns based on their performance. The complaint asserts that the Game of Silks NFTs, initially sold in April 2022, are classified as securities under the Securities Act of 1933. Consequently, they should have been registered with the U.S. Securities and Exchange Commission (SEC), which was not done. Additionally, the lawsuit claims that the defendants failed to disclose essential financial information about the viability of Game of Silks’ business model, constituting material misstatements and omissions.
Class Certification Status
Currently, no class has been certified for this lawsuit. Until a class is officially recognized, individuals are not represented by legal counsel unless they choose to hire one. Investors have the option to remain uninvolved or select their own legal representation, and participation as a lead plaintiff does not affect the potential for future recovery.
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Disclaimer
This announcement serves as attorney advertising and does not guarantee similar outcomes based on prior results.
Contact Details
For further inquiries, individuals can reach out to Laurence Rosen, Esq., or Phillip Kim, Esq. at The Rosen Law Firm, P.A. located at 275 Madison Avenue, 40th Floor, New York, NY 10016.
