#China #Beijing #Class Action #Berger Montague #Sina Corporation

Important Notice for Investors in Sina Corporation

In a significant development for investors of Sina Corporation, the law firm Berger Montague PC has stepped forward to announce a class action lawsuit against the firm. This lawsuit pertains specifically to investors who sold Sina stocks during a specific period, from October 13, 2020, through March 22, 2021. The claim centers on allegations that Sina engaged in practices that unfairly devalued its shares as part of a go-private transaction.

What Led to the Lawsuit?

The lawsuit claims that during the aforementioned period, essential information was omitted from the proxy materials that shareholders relied upon for voting on the merger and other transactions. This omission has raised concerns about transparency and fairness in the company’s dealings, particularly regarding its investment in TuSimple, a prominent autonomous trucking company based in the U.S.

According to the complaint, internal documents produced during a related shareholder appraisal process revealed that key executives at Sina deliberately concealed the true value of this investment. This deception purportedly resulted in shareholders receiving significantly less cash for their shares than they deserved. Such actions, if proven, suggest that the company not only misled its investors but also manipulated share values to retain financial advantages during the merger process.

Know Your Rights

Investors affected by these circumstances are urged to take action by the deadline of November 18, 2025. Those who sold Sina shares within the class period may qualify to be appointed as lead plaintiff representatives in this action. Information on how to assert these rights is available through contacts at Berger Montague, ensuring that affected shareholders have the necessary support to navigate their options.

To further explore your rights or seek guidance regarding this class action, investors can reach out to:

• - Andrew Abramowitz (Senior Counsel) at [email protected] or call (215) 875-3015
• - Caitlin Adorni (Director of Portfolio Institutional Client Monitoring Services) at [email protected] or call (267) 764-4865.

About Sina Corporation

Sina Corporation, headquartered in Beijing, is a leading digital media organization that provides various types of content, including news, entertainment, and financial services, primarily to Chinese-speaking audiences around the globe. Their operations are crucial in maintaining a digital connection among Chinese communities in various regions.

This class action lawsuit is a stark reminder of the ongoing challenges investors may face and the importance of holding companies accountable for their actions. With Berger Montague’s track record in securities class action litigation since 1970, affected investors have a reputable ally in their pursuit of justice.

Conclusion

As the deadline approaches, it is critical for investors in Sina Corporation to act quickly and understand the implications of this class action lawsuit. The legal landscape surrounding corporate governance is continually evolving, and shareholder rights are paramount in maintaining corporate accountability. Stay informed and proactive.