Game of Silks NFT Investors Have Opportunity to Lead Game of Silks, Inc. Securities Lawsuit
In a significant development for investors in Game of Silks non-fungible tokens (NFTs), including Silks Avatar, Silks Horse, and Silks Land NFTs, the Rosen Law Firm has issued a reminder regarding the upcoming April 25, 2025 deadline for those wishing to serve as lead plaintiffs in a class action lawsuit. This notice is crucial for individuals who feel they have suffered losses from their investment in these digital assets.
Compensation Possibility for Game of Silks NFT Holders
Investors who purchased Game of Silks NFTs may be eligible for financial compensation under a contingency fee structure, meaning they won’t have to pay any fees upfront. This arrangement allows affected individuals to pursue legal action without incurring out-of-pocket expenses.
Steps for Participation in the Class Action
To become involved in the Game of Silks class action lawsuit, interested parties are advised to contact the Rosen Law Firm for further details. A class action has already been initiated, and those wishing to be named as lead plaintiffs must submit their requests to the court by April 25, 2025. The lead plaintiff acts on behalf of the entire class, guiding the litigation process.
Why Choose Rosen Law Firm
Rosen Law Firm encourages investors to seek representation from qualified legal counsel with proven success in handling similar cases. Many firms that issue notices may lack the necessary experience and resources to effectively manage securities class action lawsuits. Some of these firms may simply act as intermediaries, passing clients to other law firms for actual litigation. Investors should be discerning when selecting legal representation. The Rosen Law Firm specializes in securities class actions and has a global clientele, having achieved significant settlements, including a record-breaking case against a Chinese firm. Their impressive track record includes being ranked highly for the number of settlements secured since 2013, having recovered substantial amounts for investors, including over $438 million in 2019 alone.
Details of the Legal Case
The lawsuit centers around the Game of Silks platform, which merges real-life horse racing with blockchain technology, enabling users to invest in virtual representations of actual racehorses and profit based on their real-world performance. The complaint claims that the Game of Silks NFTs, first sold in April 2022, should be classified as securities under the Securities Act of 1933. As such, they required proper registration with the U.S. Securities and Exchange Commission (SEC), which was never completed. Moreover, the complaint accuses the defendants of making significant misstatements and failing to disclose essential financial information regarding the business model and sustainability of Game of Silks.
Participation and Representation in the Class Action
To join the Game of Silks class action, potential participants are encouraged to reach out to the Rosen Law Firm for detailed instructions. It’s important to note that no class has been certified yet, meaning individuals are not represented by counsel unless they choose to hire one. Investors have the option to remain passive members of the class without taking any action at this stage. Importantly, being a lead plaintiff does not affect an investor’s ability to participate in any potential future recoveries.
Updates and Contact Information
For ongoing updates, individuals are invited to follow the Rosen Law Firm on their social media platforms. Please note that this notice constitutes attorney advertising, and past results do not guarantee similar outcomes in future cases. For further inquiries, individuals can contact Laurence Rosen or Phillip Kim at the provided details.
