#United States #New York #Rosen Law Firm #Midnight Hub #NFTs

Investors of Midnight Hub NFTs Urged to Take Action Before Class Action Deadline

The Rosen Law Firm, a prominent player in global investor rights, has recently put out an alert for purchasers of Midnight Hub's non-fungible tokens (NFTs) and Digital Nomads NFTs. Investors who acquired these digital assets between January 15, 2023, and March 31, 2024 can potentially join a class action lawsuit that aims to represent their interests. The deadline to take action as a lead plaintiff is set for January 6, 2025.

Understanding the Opportunity

If you purchased ROOMS or Digital Nomads NFTs during the specified Class Period, you could be entitled to compensation. This compensation approach does not require any initial out-of-pocket fees, as the firm operates under a contingency fee arrangement. This means that legal fees are only deducted if the case results in a financial recovery for the investors involved.

Next Steps for Interested Investors

For investors eager to join the lawsuit, they have multiple avenues to get involved. Interested parties can visit this link to access the submission form or contact Phillip Kim, Esq. at 866-767-3653 for further assistance. Alternatively, emailing [email protected] also provides an easy route for inquiries.

A class action lawsuit is already in motion, and potential lead plaintiffs must file their request with the court by the set deadline. A lead plaintiff plays a crucial role in representing the interests of other class members throughout the litigation process.

The Credentials of Rosen Law Firm

Rosen Law Firm is underscoring the importance of selecting a law firm with significant experience in handling securities class actions. The firm boasts an impressive track record, having secured the largest securities class action settlement against a Chinese Company at the time, and being ranked number one by ISS Securities Class Action Services in terms of settled securities class actions in 2017. Since then, the firm has consistently maintained a top ranking.

In 2019, Rosen Law Firm successfully recovered over $438 million for investors. Their founding partner, Laurence Rosen, was recognized as a leading figure in plaintiffs’ litigation by Law360 in 2020. With a team that includes many attorneys recognized by Lawdragon and Super Lawyers, their reputation speaks volumes.

Case Background and Allegations

The essence of the lawsuit points at misleading statements by the defendants regarding the NFTs. Allegedly, the defendants promoted their NFT offerings without a concrete plan to develop Midnight Hub's infrastructure or any related decentralized projects like Digital Nomads TV. The lawsuit posits that the defendants capitalized on the hype surrounding the project without any real intentions for its development.

This discrepancy allegedly resulted in investor losses when the true nature of the project became apparent. A comprehensive legal roadmap is in place, emphasizing that joining the lawsuit does not confer representation until a class is certified.

Remaining Absent or Getting Represented

As an investor, you hold the option to remain a non-active class member in this situation, doing nothing at this point. Your capacity to participate in any potential recovery in the future is not hindered by your choice to not step up as lead plaintiff.

Social Media Connections

Stay updated by following Rosen Law Firm on various platforms including LinkedIn, Twitter, and Facebook. These channels provide ongoing developments pertinent to the class action.

Attorney Advertising: Previous outcomes do not assure similar future results. For additional contact, reach out to Laurence Rosen or Phillip Kim at the Rosen Law Firm, P.A., based at 275 Madison Avenue, 40th Floor, New York, NY 10016. Phone inquiries are welcomed at (212) 686-1060 or toll-free at 866-767-3653.