Berger Montague Urges Sina Corporation Investors to Act Before Class Action Deadline

Class Action Lawsuit against Sina Corporation

Attention investors: If you are a shareholder of Sina Corporation (NASDAQ: SINA), it’s crucial to be aware of a recent class action lawsuit announced by the national law firm Berger Montague. This lawsuit could impact those who sold their shares during a specific period of time as part of the company’s go-private merger. The deadline to seek appointment as a lead plaintiff representative of the class is November 18, 2025.

Background on Sina Corporation

Founded in 1999 and headquartered in Beijing, China, Sina Corporation is a leading digital media company that offers a variety of content—ranging from news and entertainment to financial services—primarily for Chinese-speaking audiences globally. Despite its prominence in the industry, recent events have called into question the legitimacy of certain company dealings, leading to this class action lawsuit.

The Allegations

The lawsuit alleges that during the Class Period, specifically between October 13, 2020, and March 22, 2021, the Defendants engaged in a scheme aimed at unlawfully depressing the value of Sina's ordinary shares. This purported scheme was allegedly designed to ensure that shareholders were deprived of a fair price for their holdings during the go-private transaction. Key facts that could significantly alter shareholder decisions were allegedly omitted from the proxy materials.

One of the primary contentions in the complaint is that the true value of the company’s investment in TuSimple, a U.S.-based autonomous trucking enterprise, was deliberately concealed. Shareholders claim this concealment led them to accept a cash offer that failed to reflect the fair market value of their shares. Documents obtained as part of a related shareholder appraisal proceeding purportedly reveal that senior executives knowingly hid this investment's value, ultimately misleading investors.

How to Participate

If you sold your SINA securities during the Class Period and are interested in potentially joining this class action lawsuit, you must act quickly. Interested investors should contact Berger Montague no later than November 18, 2025. For inquiries, you can reach Andrew Abramowitz at [email protected] or call (215) 875-3015. Caitlin Adorni is also available at [email protected] or (267) 764-4865 for further assistance.

About Berger Montague

Established in 1970, Berger Montague is a veteran in the realm of securities class action litigation. With offices across major U.S. cities including Philadelphia, San Francisco, and Chicago, the firm has represented a diverse clientele of individual and institutional investors for over fifty years. They are recognized for their commitment to holding corporations accountable in cases of perceived wrongdoing.

Conclusion

Sina Corporation investors should assess their eligibility to join the class action promptly as the deadline draws near. The alleged securities fraud highlights the importance of being informed about one's rights as a shareholder. For further developments and assistance, don’t hesitate to reach out to the attorneys at Berger Montague. Stay alert and take action to protect your interests.

This lawsuit serves as a critical reminder of the importance of corporate transparency and the rights of shareholders. Your proactive steps could make a significant difference in the outcome of this important legal case.