#USA #New York #Class Action #Pomerantz Law #Sina Corporation

Pomerantz Law Firm Class Action Announcement Against Sina Corp

On October 8, 2025, Pomerantz LLP declared a significant legal action against Sino Corporation, also known as Sina, alongside certain executive officers involved in this case. The case pertains to allegations of securities fraud that surfaced during theClass Period, which spans from October 13, 2020, to March 22, 2021. This class action seeks justice for those investors who sold shares of Sina ordinary stock during this specified timeframe.

Background of the Lawsuit

The legal proceedings concern the alleged misconduct by Sina and its executives, who are accused of participating in fraudulent actions that severely impacted the stock’s value. Reports indicate that these actions aimed to minimize the payout to shareholders during a merger led by Sina's Chief Executive Officer. Investors who sold their shares within the given timeline may be entitled to join the lawsuit as class members. Anyone interested in seeking more details is encouraged to reach out to Danielle Peyton at pomlaw.com or contact 646-581-9980.

Key Information for Potential Class Members

Investors have until November 18, 2025, to file a request with the court to be acknowledged as a Lead Plaintiff for the class action. This important deadline is crucial for shareholders intending to take part in this significant legal challenge. Additionally, comprehensive information regarding the class action and its particulars can be retrieved through the Pomerantz LLP website, which outlines details on how to join the case.

Allegations Stemming from the Merger

The heart of the allegations lies in the claim that the defendants deployed strategies to mislead shareholders about the valuation of Sina’s assets, particularly their investment inTuSimple Holdings, Inc. During the Merger, shareholders were allegedly not provided with essential information that would have allowed them to make an informed decision regarding the transaction.

Sina’s ordinary shares were offered at $43.30 each in the proposed Merger; however, the lawsuit contends this offer was significantly undervalued due to the omitted essential information. Investors believe they were deprived of a fair valuation for their shares and were misled during the merger proceedings.

Pomerantz Law Firm: A Leader in Securities Litigation

Pomerantz LLP is well recognized in the realm of corporate and securities litigation, with a tradition of advocating for shareholders. Founded by Abraham L. Pomerantz, who pioneered securities class actions, the firm has established a reputable legacy by recovering substantial damages for victims of corporate misconduct and securities fraud over its more than 85-year history.

Potential class members are encouraged to examine their rights and take necessary actions promptly as the deadlines approach. The firm aims to uphold the rights of investors and ensure that those affected can pursue justice and restitution for any losses incurred.

In summary, shareholders of Sina Corporation who may have been impacted by these allegations should consider participating in the class action lawsuit registered by Pomerantz LLP. Being informed and taking prompt action could result in reclaiming losses stemming from this alleged fraud.