SOMI does not only conduct collective proceedings against TikTok. On December 3th, 2023, SOMI also initiated collective proceedings against Meta, the parent company of Facebook, Instagram and WhatsApp.
TikTok and Meta have not only violated people's privacy rights in the Netherlands. There are also millions of victims in other countries within the EU. In recent years, both companies in the US and the EU have paid hundreds of millions in settlements and fines outside the Netherlands for this reason. Within Europe, in addition to more than 80.000 participants in the Netherlands, SOMI has represented more than 70.000 TikTok users abroad for more than two years.
SOMI also wants to help these people by taking action against privacy violations and seeking compensation for their damages. To finance legal cases and represent victims throughout Europe, SOMI will issue profit rights in legal proceedings.
SOMI offers two types of profit certificates to consumers and investors who are interested in finance social causes and class action lawsuits. These certificates are paid out in the event of a favorable result. You may lose your investment. Risks include the likelihood of litigation, the duration of the procedure and competition from other claim foundations. Before investing, read the legally prescribed information document that you can request via our site.
The first is SOMI Process Certificates, which can be invested in from €50. In the event of a positive outcome of collective claims initiated by SOMI and depending on the content of the final ruling(s) or approval of settlement(s), SOMI will pay up to 5 pay out the deposit of each amount invested in Process Certificates.
SOMI also offers SOMI Garantie Process Certificates. Investments can be made in this with an initial registration of at least €100,000. The payout is 6 times the amount invested in the Guarantee Process Certificates in the event of a favorable outcome of the ongoing procedures, as laid down in the terms and conditions of this product.
Both certificates have a term of 10 years. If a proceeding does not lead to results, your investment will be transferred to the next proceedings. If there is no positive result after 10 years, your investment in Process Certificates will expire without payment. You will then receive your original investment back with the Guarantee Process Certificates.
Do you have any questions or would you like more information? Do not hesitate to contact us by sending an email to welcome@somi.nl or calling us at +31 85 303 2686. |