Rosen Law Firm Issues Reminder for Game of Silks NFT Investors
NEW YORK, March 21, 2025 /PRNewswire/ — The Rosen Law Firm, a prominent global law firm focused on investor rights, is alerting individuals who purchased Game of Silks non-fungible tokens (NFTs), which include Silks Avatar NFTs, Silks Horse NFTs, and Silks Land NFTs, about a critical deadline. Those affected have until April 25, 2025, to act as lead plaintiffs in a class action suit.
Potential Compensation Available for NFT Purchasers
Investors who acquired NFTs from Game of Silks may qualify for compensation without needing to pay any upfront costs, thanks to a contingency fee structure. This arrangement ensures that legal fees are only paid if a successful recovery is made.
Steps to Participate in the Class Action
If you are interested in joining the Game of Silks class action, you are encouraged to reach out for further details. The class action lawsuit is currently underway, and those wishing to be considered as lead plaintiffs must submit their motions to the court by April 25, 2025. The lead plaintiff serves a vital role, representing the interests of all class members during the litigation process.
The Importance of Choosing Experienced Legal Counsel
Rosen Law Firm advises investors to choose legal representation that has a proven history of success in class action cases. Many firms that issue public notices may lack the necessary experience or resources, merely acting as intermediaries without engaging directly in litigation. It is crucial to select counsel carefully to ensure effective representation.
About Rosen Law Firm’s Track Record
The Rosen Law Firm represents investors globally, specializing in securities class actions and shareholder derivative litigation. The firm achieved a landmark settlement in a securities class action against a Chinese company and has consistently ranked among the top firms in this field. Since 2013, it has been recognized as a leader in securing settlements, recovering hundreds of millions for investors, including over $438 million in 2019 alone. Founding partner Laurence Rosen was recognized as a Titan of the Plaintiffs’ Bar in 2020, and many attorneys within the firm have received accolades from Lawdragon and Super Lawyers.
Overview of the Case Against Game of Silks
The lawsuit asserts that Game of Silks developed a metaverse platform that integrates real-life horse racing with blockchain technology, allowing users to invest in virtual replicas of actual racehorses and earn rewards based on their real-world racing performance. According to the complaint, the Game of Silks NFTs, initially sold starting in April 2022, qualify as securities under the Securities Act of 1933, necessitating the filing of registration statements with the U.S. Securities and Exchange Commission (SEC), which were never submitted. The lawsuit further claims that Game of Silks misled investors by failing to disclose essential financial information regarding its business model and sustainability.
Class Action Participation Details
To learn more about joining the Game of Silks class action, interested individuals should contact the Rosen Law Firm directly for information. It is important to note that no class has been certified at this time. Until a class is officially recognized, individuals are not represented by counsel unless they retain one independently. Investors may choose to remain uninvolved or select their own legal representation, as participation as a lead plaintiff does not affect eligibility for any future financial recovery.
Important Legal Notices
This communication serves as attorney advertising. Past results are not indicative of future outcomes. For inquiries, please contact 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.
