Society Pass ordered to return shares, judgment of ~$7.44M plus escrowed subsidiary stock
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Society Pass has been ordered by a court to return shares and pay approximately $7.44 million due to fraud. The court found that the plaintiff was fraudulently induced into agreements, leading to the rescission of subscription and software deals. The judgment, entered on April 9, 2026, includes $6,615,934 plus interest and an additional $824,109 plus interest. The company is evaluating its next steps, including potential appeals, while enforcement efforts by the plaintiff are ongoing.
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