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

Investors Urged to Take Action Against Sina Corporation's Alleged Securities Fraud

Introduction

Investors in Sina Corporation (NASDAQ: SINA) should be aware of a significant opportunity to lead a class action lawsuit regarding alleged securities fraud during the firm's merger. The Rosen Law Firm, a prominent global law firm dedicated to investor rights, has issued a reminder to shareholders who sold ordinary shares during the merger phase between October 13, 2020, and March 22, 2021. Understanding the implications of this lawsuit may be crucial for affected investors hoping to recover losses.

Background of the Case

The allegations raised in the class action revolve around a scheme purportedly orchestrated by the defendants to diminish the value of Sina's ordinary shares. This alleged fraud was aimed at ensuring that shareholders would receive less than what they deserved during the merger process. Specifically, the Rosen Law Firm asserts that the defendants misrepresented critical information that shareholders needed to assess the merger's fairness.

Key Allegations

1. Concealment of True Value:
The defendants reportedly withheld the actual value of Sina's investment in TuSimple, leading to a misleading valuation of the company's shares during the merger.
2. Undervaluati1n in Offers:
The offer of $43.30 per ordinary share was said to significantly understate the true worth of these shares, thus shortchanging shareholders at a critical time.
3. False Representation:
There were claims that the defendants' statements regarding Sina's business prospects and operations were materially false and lacked a reasonable basis.

These allegations foster a strong case for the affected investors to consider joining the lawsuit.

Taking Action

Affected shareholders are advised to act swiftly. To participate in the class action lawsuit, they must do so by the lead plaintiff deadline of November 18, 2025. Options for investors include:

• - Visiting the Rosen Law Firm's website to submit their claim: Rosen Law Firm Submission.
• - Calling Phillip Kim, Esq. toll-free at 866-767-3653 for guidance.
• - Emailing [email protected] for further information on the legal proceedings.

Understanding Class Action Dynamics

It's essential to note that, despite actions being prepared, a class has not been certified yet. Until that point, investors are not represented by counsel unless they retain one themselves. Investors have the choice to either select their counsel or remain as absent class members without immediate action.

Why Choose Rosen Law Firm?

The Rosen Law Firm has established a robust reputation for defending investors and litigating complex securities class actions. Their track record speaks volumes; they have secured significant settlements, including the largest against a Chinese entity. Investors can feel confident in their experience and dedication, as they consistently demonstrate success in these kinds of lawsuits.

Rosen Law Firm's Achievements

• - Ranked first by ISS Securities Class Action Services for the highest number of securities class action settlements in 2017.
• - Successfully recovered hundreds of millions for investors since its inception.
• - Acknowledged repeatedly in industry circles, with many attorneys recognized by platforms like Lawdragon and Super Lawyers.

Conclusion

For investors who sold shares of Sina Corporation during the merger period, this class action presents a valuable opportunity to potentially reclaim financial losses. Given the complexities of securities fraud cases, it is advisable for investors to engage with a qualified law firm. By acting quickly and gathering necessary documentation, they can position themselves to benefit from any outcomes of this case—and perhaps make strides toward recovering what is rightfully theirs.

For further updates and details, investors can follow the Rosen Law Firm on social media platforms like LinkedIn, Twitter, and Facebook, ensuring they stay informed on any new developments pertaining to the class action lawsuit.

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