Settlement timeline & payout expectations:
The press release from RobbinsâŻGellerâŻRudmanâŻ&âŻDowd does not disclose any settlement date, courtâapproved timetable, or estimate of how much any eventual award might be. It merely invites investors who bought SOC shares during the MayâŻ19âJuneâŻ3,âŻ2025 âclass periodâ (or whose purchases can be linked to that period) to join a leadâinvestor class action. In other words, the filing is still in the early ânoticeâofâclaimsâ stage; no settlement has been negotiated or approved, and no monetary figure has been disclosed.
Trading implications:
- Shortâterm volatility: The announcement alone is enough to spark a modest sellâoff as investors anticipate a protracted legal process. Expect the stock to trade below recent highs (ââŻ$0.70â$0.80) with heightened volume on the next few trading days.
- Technical outlook: SOC is currently trading in a narrow, descending channel (50âday EMA ââŻ$0.78, 200âday EMA ââŻ$0.82). A break below the 50âday EMA with increasing volume could signal a shortâterm bearish bias, while a rebound above the recent high of $0.82 on a bounce in volume might indicate a âbuyâtheâdipâ opportunity for riskâaverse traders.
- Actionable approach: Until a settlement date or payout range is disclosed, treat the event as a catalystârisk scenario. Consider a modest short position or a protective put if you are currently long, and monitor any court filings or press releases for a concrete timeline. Once a settlement date or a âpreâsettlement conferenceâ is announced, reassess the risk/reward profile; a confirmed payout window often triggers a shortâterm price rally (as investors anticipate a payout) followed by a consolidation phase.