NEW YORK, Feb. 28, 2025 (GLOBE NEWSWIRE) —
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Game of Silks non-fungible tokens (“NFTs”), including Silks Avatar NFTs, Silks Horse NFTs, and Silks Land NFTs, and who were damaged thereby. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 25, 2025.
SO WHAT: If you purchased Game of Silks NFTs you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Game of Silks class action, go to https://rosenlegal.com/submit-form/?case_id=35918 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 25, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, Game of Silks created a metaverse game that brought real-life horse racing to the blockchain, allowing users to invest in virtual versions of real racehorses and earn money based on the real-world performance of those horses. The complaint further alleges that the Game of Silks NFTs, which were first sold beginning in April 2022, are securities as defined by the Securities Act of 1933 (“Securities Act”), and as such required registration statements, which were never filed with the U.S. Securities and Exchange Commission (“SEC”). Game of Silks violated the Securities Act by selling and soliciting the sale of unregistered Game of Silks NFT securities.
Further, the complaint also alleges that the defendants made material misstatements and omissions in connection with the sale of the Game of Silks NFTs, including failing to disclose critical financial information about Game of Silks’ business model and sustainability.
To join the Game of Silks class action, go to https://rosenlegal.com/submit-form/?case_id=35918 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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Attorney Advertising. Prior results do not guarantee a similar outcome.
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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
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