Important Deadline for Game of Silks NFT Purchasers
Rosen Law Firm, an international law firm focused on protecting investor rights, has issued a reminder to individuals who purchased Game of Silks non-fungible tokens (NFTs) — including Silks Avatar NFTs, Silks Horse NFTs, and Silks Land NFTs — of a critical deadline approaching on April 25, 2025, for those wishing to serve as lead plaintiffs in a class action lawsuit.
Potential Compensation for NFT Buyers
Individuals who acquired Game of Silks NFTs may have the opportunity to receive financial compensation through a contingency fee arrangement, meaning they won’t need to pay any upfront costs or fees.
Steps to Participate in the Class Action
Those interested in joining the class action against Game of Silks can reach out via the Rosen Law Firm’s website or contact attorney Phillip Kim directly for further details. A class action lawsuit has already been initiated, and any party wishing to take on the role of lead plaintiff must file their motion with the court by April 25, 2025. The lead plaintiff serves as a representative for the class, guiding the proceedings of the case.
Why Choose Rosen Law Firm
Investors are encouraged to choose legal counsel with proven success in significant cases. Many firms that issue notices often lack the necessary experience, resources, or peer recognition to effectively advocate for investors. Some may merely act as intermediaries, referring clients to other law firms that handle litigation. The Rosen Law Firm, on the other hand, has a strong reputation for representing investors globally, particularly in securities class actions and shareholder derivative lawsuits. The firm is noted for securing the largest securities class action settlement against a Chinese entity at that time and has consistently ranked highly in terms of securities class action settlements.
Details of the Allegations Against Game of Silks
The lawsuit contends that Game of Silks developed a metaverse game integrating real-life horse racing with blockchain technology, enabling users to invest in virtual representations of live racehorses, with earnings tied to the actual performance of those horses. It further claims that the Game of Silks NFTs, which first became available for purchase in April 2022, qualify as securities under the Securities Act of 1933 and should have been registered, which they were not. Allegations also suggest that Game of Silks misled investors by failing to disclose essential financial details regarding its business operations and viability.
Class Certification Status
It is important to note that no class has yet been certified. Until such certification occurs, individuals are not represented by legal counsel unless they choose to retain one. Investors have the option to select their own attorney or remain uninvolved at this stage, as participation in any potential recovery is not contingent upon serving as a lead plaintiff.
