Rosen Law Firm Continues to Investigate Potential Securities Claims against Immutable Resulting from the Sale of IMX Tokens

Investors who purchased IMX tokens are encouraged to contact the firm immediately if they have information relevant to the investigation.

Immutable Worlds (ASX: IMU) has been hit with a class action lawsuit in the United States over the alleged mishandling of the Securities and Exchange Commission’s (SEC) investigation into the company’s IMX token sales.

The lawsuit, filed by the Rosen Law Firm in the Southern District of New York, alleges that Immutable failed to disclose the SEC’s investigation to investors, and that this omission caused investors to suffer significant financial losses.

The class action covers all persons or entities who purchased IMX tokens in connection with the offering, and who were damaged thereby.

Investors have until March 24, 2025 to apply to the Court to be appointed Lead Plaintiff in the lawsuit.

A Wells Notice is a formal notification by the SEC that it intends to recommend an enforcement action to the Commission. The Wells Notice typically provides the subject of the investigation with an opportunity to respond before the Commission makes a final decision on whether to file an enforcement action.

In November 2024, Immutable Worlds revealed that the SEC had filed a Wells Notice to the company over its sales of IMX tokens. Immutable stated that the SEC “are targeting the listing and private sales of IMX in 2021.”

The company said at the time that it intended to “cooperate fully with the SEC in resolving this matter.”

Investors who purchased IMX tokens and have information relevant to the investigation are encouraged to contact the firm immediately.