ROCHESTER, NY, Nov. 11, 2022 (GLOBE NEWSWIRE) — Rosca Scarlato, LLC announces that the U.S. District Court for the Western District of New York has approved the following Class Action Settlement Notice by Investors in Bio Profit Funds will benefit:

United States District Court
New York West Side

Liu Yaoyi, Xie Donghong and Cai Qiubao personally and all other representatives
plaintiff
Civil number 6:14-cv-06631-EAW-MJP
Wilmington Trust Company and National Association of Wilmington Trusts
defendant

Summary Notice of Pending Class Actions and Proposed Settlements, Requests for Attorneys’ Fees and Expenses, and Fees for Services

To: All investors and corporations (“Collective”) that have suffered losses investing in Bio Profit Funds (BPS I, BPS II, BPS III, BPS V, or Velocity Valley & Grand) managed by Velocity Investment Group, Inc. Tobe offered.

Please read this notice carefully. Your rights will be affected by pending class action lawsuits in this court.

You are hereby notified that pursuant to Rule 23 of the Federal Rules of Civil Procedure and the order of the United States District Court for the Western District of New York (the “Court”), the foregoing Class Action (the “File”).
You are also informed that the plaintiff has settled the lawsuit for $4,350,000 in cash (the “Settlement”) which, if approved, will settle all claims in the lawsuit.

The hearing will be held at 2:00 p.m. ET on January 11, 2023 in the presence of Chief US District Judge Elizabeth A. Wolford in person at the US District Court for the Western District of New York at 100 State Street, 3 Rochester or by telephone – or videoconference hearing, it will be determined whether (i) the proposed settlement should be approved as fair, reasonable and reasonable; (ii) …