#None #Berger Montague #Sina Corporation #Sina Class Action

Important Deadline for Sina Corporation Investors

Investors in Sina Corporation should take note: a significant class action lawsuit is underway, and the deadline is fast approaching. The law firm Berger Montague, recognized nationally for representing plaintiffs, has announced a class action lawsuit on behalf of investors who sold shares of Sina. This lawsuit corresponds to those who sold their holdings during a specific period from October 13, 2020, to March 22, 2021, which includes those impacted by the company's transition to a private entity.

Sina, a leading global digital media company, is known for its online platforms that provide news, social media interactions, entertainment, and financial contents primarily focused on Chinese-speaking customers. However, recent allegations against the firm suggest that it may have engaged in practices that deceived shareholders regarding the true value of their stocks, particularly in connection with a crucial merger transaction.

The Allegations

The focus of the investigation is a fraudulent scheme that allegedly aimed to undermine the value of Sina's ordinary shares, preventing shareholders from receiving a fair payout during its merger process to become privately owned. According to the lawsuit, the company wrongful concealed the genuine worth of its investment in TuSimple, a U.S.-based autonomous trucking enterprise, which was instrumental in further depressing the selling price of Sina's shares.

The filings indicate that internal documents revealed during a related shareholder appraisal proceeding suggest that senior company executives were well aware of the true value of Sina's assets but chose to keep this information from the public and potential investors. As a consequence of this alleged concealment, the shareholders received substantially less than what they should have received given the actual worth of their investments.

Investor Participation

For those who sold SINA securities during the specified class period, it’s crucial to understand your rights. Notably, interested investors have until November 18, 2025, to seek appointment as lead plaintiff representative for the class action. This move could allow affected shareholders to join in seeking reparations for any financial losses endured due to the alleged misconduct.

If you believe you qualify, it is advisable to take proactive steps. You might consider contacting Berger Montague directly, as their legal experts can provide further information and assist with the next steps involved in this legal process.

Contact Details

Individuals interested in learning more about this class action can reach out to:

• - Andrew Abramowitz (Senior Counsel): (215) 875-3015, [email protected]
• - Caitlin Adorni (Director of Portfolio & Institutional Monitoring Services): (267) 764-4865, [email protected]

About Berger Montague

Founded in 1970, Berger Montague has a distinguished history in representing both individual and institutional investors in securities class action litigation across the United States. Their commitment to clients is underlined by a superior track record of serving as lead counsel in prominent cases.

Conclusion

As the deadline for filing participation in this class action suit approaches, it is essential for investors of Sina Corporation to remain informed and take action if applicable. Don’t let this opportunity pass to potentially reclaim your losses due to the alleged mismanagement of the company’s transition to privatization.