#United States #New York #Securities Fraud #Rosen Law Firm #Sina Corporation

Investors of Sina Corporation: Important Opportunity Awaits

Sina Corporation, a well-known player in the industry, finds itself at the center of a significant legal matter that could involve many of its investors. The Rosen Law Firm, recognized globally for its advocacy of investor rights, has announced a class action lawsuit concerning securities fraud relating to the company's merger. This presents a critical opportunity for investors who sold their shares during a specific timeframe to take action.

The Background

According to the information released by Rosen Law Firm, this class action targets sellers of ordinary shares in Sina Corporation, especially those who were involved during the merger period between October 13, 2020, and March 22, 2021. If you sold your shares at this time, it’s crucial to understand your rights under this legal action.

Key Details of the Class Action

The Rosen Law Firm reminds affected sellers of an essential deadline: November 18, 2025. Those who sold their shares during the defined “class period” are potentially entitled to compensation, with no upfront costs due to a contingency fee structure.

What You Need to Do

For investors interested in joining the class action, the next step is quite straightforward. They can visit the Rosen Law Firm’s website at rosenlegal.com or directly contact Phillip Kim, Esq. at 866-767-3653 for any queries related to the action. Notably, this action is spearheaded by Rosen Law Firm, a legal entity known for successfully representing investors and achieving significant settlements in similar cases.

What Had Happened?

The allegations in the lawsuit claim that certain defendants devised a fraudulent scheme intended to suppress the value of Sina's ordinary shares. This was allegedly done to prevent the shareholders from receiving a fair price during the merger proceedings. Central to these claims are reports that crucial details were either misrepresented or completely omitted from the proxy materials central to the merger vote.

The lawsuit further outlines that:

• - Defendants concealed the true valuation of Sina's investment in TuSimple, raising concerns over the authenticity of the merger deal.
• - The price that was offered for the shares, set at $43.30 each, did not reflect their true worth, significantly harming the shareholders' interests.
• - Statements made by these defendants regarding Sina's business, operations, and future prospects were materially deceptive, leading to a misinformed shareholder vote.

Join the Class Action

For those wishing to participate, it is important to note that no class has been certified yet. Until such certification occurs, investors should seek legal representation independently if they wish. However, joining as a lead plaintiff is essential for those who want to take an active role in the lawsuit. The Rosen Law Firm advises prioritizing experienced counsel, as many firms advertising similar services may lack the necessary expertise or commitment to successfully litigate.

Why Choose Rosen Law Firm?

The Rosen Law Firm boasts a solid reputation amongst investor communities. Ranked highly by ISS Securities Class Action Services, it has successfully obtained billions of dollars in settlements for its clients. The firm has been recognized for its results-driven approach and an experienced team, making them a strong ally for investors seeking justice.

By participating in this action, investors may have the opportunity to reclaim losses and hold accountable those responsible for the alleged wrongdoing. This is not just a chance for individual recompense but also a collective stand against unethical practices in the merger and acquisition landscape.

In conclusion, if you are an investor who sold Sina Corporation shares during the specified period, it’s crucial to take prompt action. Join the class action before the deadline and ensure your interests are represented adequately. Stay informed and proactive in the process to secure your potential recovery in this pivotal case.